Organizations Filed Purposes:
A FUND FOR THE BENEFIT OF THE COUNCIL WAS CREATED PURSUANT TO A BEQUEST BY AGATHA ALLING DURLAND. IN 1982, TWENTY YEARS AFTER THE DEATH OF AGATHA ALLING DURLAND, THE COUNCIL RECEIVED THE ASSETS OF THE ORIGINAL TRUST FUND AND AT THE SAME TIME ESTABLISHED A NEW DURLAND TRUST FUND. A SEVEN MEMBER TRUST MANAGEMENT COMMITTEE, WHOSE MEMBERS ARE APPOINTED BY THE COUNCIL'S EXECUTIVE BOARD, OVERSEES THE FUND. THE COUNCIL'S EXECUTIVE BOARD CONTINUES TO MAINTAIN THE RESTRICTIONS IMPOSED BY THE BEQUEST. ACCORDINGLY, THE FUND'S ASSETS AND THE REVENUE DERIVED THEREFROM ARE BEING USED FOR THE SUPPORT OF CAMP DURLAND, A.K.A. DURLAND SCOUT RESERVATION AND OTHER USES AS DETERMINED BY THE EXECUTIVE BOARD.
PROVIDE SUPPORT FOR THE DURLAND SCOUT RESERVATION AND THE WESTCHESTER-PUTNAM COUNCIL BSA
THE ASSETS OF THE COUNCIL'S TRUST FUNDS ARE MANAGED SO AS TO PROVIDE THE HIGHEST TOTAL RETURN CONSISTENT WITH PRUDENT INVESTMENT PRACTICES, PROVIDING FOR LONG-TERM RETURNS SUFFICIENT TO COVER THE RETURN REQUIREMENTS OF THE SPENDING FORMULA. THE INVESTMENT POLICY IS INTENDED TO ALLOW FOR SUFFICIENT FLEXIBILITY IN THE MANAGEMENT PROCESS TO CAPTURE INVESTMENT OPPORTUNITIES, YET PROVIDE PARAMETERS THAT WILL ENSURE PRUDENCE AND CARE IN THE EXECUTION OF THE INVESTMENT PROGRAM.THE COUNCIL'S SPENDING POLICY ALLOWS THE OPERATING FUND TO RECEIVE AND RECOGNIZE INVESTMENT EARNINGS ORIGINATING FROM THE ENDOWMENT FUND. BUDGETED NEEDS ARE PLANNED FROM A TOTAL RETURN SPENDING FORMULA TARGETED AT NOT MORE THAN FIVE PERCENT MULTIPLIED BY THE AVERAGE MARKET VALUE FOR THE TWELVE CONTIGUOUS CALENDAR QUARTERS ENDING SEPTEMBER 30TH OF THE YEAR PRECEDING THE SUBJECT FISCAL YEAR. THE TRUST FUNDS ARE OVERSEEN BY THE TRUST FUND MANAGEMENT COMMITTEE. THE OVERRIDING OBJECTIVES OF THE TRUST FUNDS ARE TO EXCEED AN ABSOLUTE RETURN OF 5% AND TO MAINTAIN PURCHASING POWER.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| David Walsh | TRUSTEE | 2 | $0 |
| John Tripodi | TRUSTEE | 2 | $0 |
| Joseph Stineman | TRUSTEE | 2 | $0 |
| Hon John M Perone | TRUSTEE | 2 | $0 |
| Jack Coughlin | TRUSTEE (THRU 7/25/19) | 2 | $0 |
| Paxton Louis | CHAIRMAN | 2 | $0 |
| Ross M Weale | CHAIRMAN (THRU 2019) | 2 | $0 |
| Richard Stockton | CEO/SCOUT EXECUTIVE | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202033189349313133_public.xml