The Tolman Trust

Created: 1979
Purpose: Little League and awards.

Jaffrey Recreation Department
P. O. Box 386
Jaffrey, New Hampshire 03452
Director, LEE ROBIE
October 22, 1979

Toby Tolman Fund

The Toby Tolman Fund is a trust account being held by the Jaffrey Trustees of Trust Funds in the name of the Jaffrey Recreation Trust. The Tolman Memorial Fund was set up by Lydia Tolman and her family after the passing of her husband, Odella (Toby) Tolman. The general purpose of this fund is to use the interest generated from the principal to aid the Jaffrey Little League program in what ever way the Trustees of this account see fit. A definite purpose is to present annually an award to the Little League player most deserving for sportsmanship. This fund is set up with the flexibility of allowing donations to be added to the principal account at any time.

There will be three members of the Tolman Trustees for this fund. One will be a person representing the Tolman family; one will be a person representing the Jaffrey Little League; and one will be a person representing the Jaffrey Recreation Committee. Each of the three groups will be responsible for deciding who their representative is, with recommendations from the trustees if a position opening occurs. The three Tolman Trustees at the establishment of this fund are:

• Tolman Family Representative - Lydia Tolman
• Jaffrey Little League Representative - Kenneth Ryan Jaffrey Recreation Committee
• Representative - Owen Houghton

The Tolman Trustees will be responsible for controlling the use of the interest earned from this fund. There is no time limit for interest to be expended. Meetings of the Trustees will be called only when necessary.

We, the Jaffrey Selectmen, have agreed to accept $1,000 for this Trust Fund.

10/22/79 /s/ Howard Williams
10/22/79 /s/ Phil Cournoyer
10/22/79 /s/ Robert Bussiere"

Source: Trustees' files at Town Office.