Archbishop Owen Memorial Fund
https://archives.anglican.ca/link/official1192
- Date
- 1980 June
- Source
- General Synod. Minutes
- Type
- Act 15
- Mover
- Ven. H.St.C. Hilchey
- Seconder
- Rt. Rev. H.V. Stiff
- Text of motion
- That the Trust Deed of the Archbishop Owen Memorial Fund, dated October 26, 1953 be rescinded and that the new Trust Deed be approved. CARRIED ACT 15
- Notes
- WHEREAS by a trust Deed dated the 26th day of October, A.D. 1953, Walter Foster Barfoot, Archbishop of Edmonton and Primate of The Anglican Church of Canada, and Algernon Francis Doyne Lace, Honorary Treasurer of The General Synod of The Anglican Church of Canada, their successors and assigns in Office were appointed trustees of certain funds representing the proceeds of contributions made by Dioceses, Societies, Institutions and individuals to constitute a permanent Memorial Fund in honour and in memory of the late the Most Reverend Derwyn Trevor Owen, Archbishop of Toronto and Primate of The Anglican Church of Canada, from the year 1934 to the year 1947;
- AND WHEREAS the Most Reverend Edward W. Scott, Primate of The Anglican Church of Canada and John Ross Ligertwood, Treasurer of The Anglican Church of Canada by virtue of their respective offices are now trustees of the said Memorial Fund;
- AND WHEREAS it has become expedient, due to changing conditions, to amend the terms of the Trust Deed dated the 26th day of October, A.D. 1953, The General Synod of The Anglican Church of Canada, meeting in session on the 17th day of June, A.D. 1980 does hereby rescind the said Trust Deed and enact the following in its place:
- 1. There shall be a trust fund of The General Synod of The Anglican Church of Canada known as the Archbishop Owen Memorial Fund of which the Primate of The Anglican Church of Canada and the Treasurer of General Synod shall be the trustees.
- 2. The Fund shall be kept invested in the Consolidated Trust Fund of The General Synod of The Anglican Church of Canada.
- 3. The annual income of the Fund shall be allocated and expended as follows:
- a) 60% of the annual net income shall be placed at the disposal of the body responsible for administering The General Synod bursary program and be used to award Archbishop Owen memorial scholarships or bursaries to students in any of the theological colleges of the Anglican Church of Canada; such body may from time to time fix rules, regulations and conditions upon which the said scholarships or bursaries shall be awarded.
- b) 40% of the annual net income shall be set aside each year and accumulated to provide for the holding from time to time of the Archbishop Owen Memorial Lectureships;
- i) such lectures shall be delivered by outstanding theological scholars, writers and authors in such of the dioceses of The Anglican Church of Canada as the trustees determine;
- ii) the trustees, in deciding upon the time and place and the person or persons to deliver such lectures and the expense thereof, shall consult with a committee consisting of the Deans of Montreal, New Westminster, Rupert's Land and Toronto, and with such other bishops, clergy and laity as the trustees decide.
- 4. Any necessary and proper expenses incurred by the trustees in managing the Fund and in arranging for the award of scholarships and the holding of lecturships or any expenses of any committee appointed by the trustees shall be paid out of the annual income of the Fund before making the division of income provided for in paragraph 3.
- 5. The trustees shall furnish a financial report annually to the National Executive Council of The General Synod of The Anglican Church of Canada, and shall also report from time to time as may be required to The General Synod of The Anglican Church of Canada.
- IN WITNESS WHEREOF The General Synod of The Anglican Church of Canada has hereunto affixed its seal duly attested by the proper officers in that behalf.
- SIGNED, SEALED AND DELIVERED ) THE GENERAL SYNOD OF
- In the Presence of ) THE ANGLICAN CHURCH OF CANADA
- )
- The Trustees hereby consent to the above amendment.
- Subjects
- Archbishop Owen Memorial Fund
- Anglican Church of Canada - Funds and scholarships
- The Archbishop Owen memorial lectures