Resolution FIN 050

Resolved, that Trust Fund # 1334 – The Ray G. Besing Testamentary Trust for Kibera Slum in Nairobi, Kenya be established as a perpetual trust fund to care for the poor, sick or homeless people who live in the Kibera Slum in Nairobi, Kenya, East Africa; and be it further

Resolved, that dividends declared be sent to All Saints Cathedral Diocese and the Provincial Secretary for the Anglican Church of Kenya who will oversee the allocation and use of the funds for the restricted purposes set forth in the Trust.

 

Resuelve, que el Fondo Fiduciario # 1334 - The Ray G. Besing Testamentary Trust for Kibera Slum in Nairobi, Kenya sea establecido como un fondo fiduciario perpetuo para atender a las personas pobres, enfermas o sin hogar que viven en el barrio de chabolas de Kibera en Nairobi, Kenia, África Oriental; y sea además

Resuélvase que los dividendos declarados se envíen a la Diócesis Catedral de Todos los Santos y al Secretario Provincial de la Iglesia Anglicana de Kenia, quienes supervisarán la asignación y el uso de los fondos para los fines restringidos establecidos en el fideicomiso.

This fund was established with $506,454.46 received from The Ray G. Besing Testamentary Trust in June 2023 for charitable purposes set forth in the Trust Agreement, specifically to care for the poor and disadvantaged residents under the pastoral care of the Anglican parishes in Kibera Slum, Nairobi, Kenya.
The Anglican Church in Kenya (ACK) affirms the understanding that the funds shall remain in perpetuity at the DFMS who will provide investment management and whose distributions will be used exclusively for the purpose of Anglican ministry to the poor in the Kibera Slum. The Kibera Slum is under the jurisdiction of the Diocese of All Saints Cathedral. ACK has established a Besing Trust Fund for Anglican Ministry in Kibera at All Saints’ Cathedral Diocese to develop and implement programs benefitting the poor, sick, and homeless people of Kibera Slum. ACK promises that the funds shall be administered by the diocese through the finance department and strict financial procedures and policy in place. ACK shall submit a quarterly report detailing the use of the funds and such other reports as may be required by the DFMS from time to time
This is a trustee-type fund, meaning that the DFMS is the trustee for these funds and will distribute to the beneficiary, The Besing Trust Fund for Anglican Ministry in Kibera, annual dividends as declared by Executive Council.