Ann Alice Rayner Charitable Fund: Alteration of Purpose

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A decision made 1 November 2016:

Decision Reference: MD-TR-2016-0091
Decision Summary Title:	Alter the purpose of the Ann Alice Rayner Fund		Date of Decision Summary:	26th October 2016
Decision Summary Author:	Head of Investment Management and Charitable Funds		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Alter the purpose of the Ann Alice Rayner Fund		Date of Written Report:	26th October 2016
Written Report Author:	Head of Investment Management and Charitable Funds		Written Report : Public or Exempt?	Public
Subject: Report and proposition to alter the purpose of the Ann Alice Rayner Charitable Fund (“the Fund”) to include “any institution or Home other than owned and administered by public funds, which has for its object the relief of needy persons”
Decision(s): The Minister approved the decision to alter the purpose of the Ann Alice Rayner Fund to include “any institution or Home other than owned and administered by public funds, which has for its object the relief of needy persons” and requested that the report and proposition be lodged ‘au Greffe’ for debate at the earliest opportunity.
Reason(s) for Decision: To enable the report and proposition on altering the purpose of Fund to be lodged ‘au Greffe.’ On 27th March 2001 , the States approved a Proposition of the then Finance and Economics Committee to hand over the administration of the Fund to four Jurats and to agree that the objects and purpose of the Ann Alice Rayner Fund would be – (1) the provision of pecuniary relief to needy persons residing in Jersey; and (2) such other objects and purposes of a charitable or philanthropic nature as the States may hereafter in their absolute discretion determine;” As the Fund is restricted to providing grants to individuals, it is felt that this restricts the ability of the Fund to provide support and care to the needy. It is requested that the purpose of the Fund be widened to include “any institution or Home other than owned and administered by public funds, which has for its object the relief of needy persons” This would thereby ensure that Ann Alice Rayner’s desire to assist and support needy people through her generous bequest would continue to have relevance for many years to come.
Resource Implications: There are no financial or manpower implications for the States arising from this proposition.
Action required: The Head of Decision Support to request the Greffier of the States to arrange for the report and proposition to be lodged ‘au Greffe’ for debate at the earliest opportunity. The Head of Decision Support to advise the Head of Investment and Charitable Funds when the Report and Proposition has been approved by the States Assembly.
Signature:		Position: Senator A J H Maclean, Minister for Treasury and Resources
Date Signed:		Date of Decision: