Creation of the Trusts

Dated 29 December 1904 Joseph’s Founder’s Memorandum set out his vision for the three Trusts that he founded and this remains a principle source of advice and inspiration to their Trustees today. “It is frequently and truthfully said that money is best spent by persons during their lifetime. I have in the past, according to my power, endeavoured to act in remembrance of this. Considerably larger means have, however, come to me in later life, and the practical question was presented to me: How can this property be applied in the future so as to secure equal results to those which might have been obtained had I had the administration of it over a lengthened period? It is a matter of great satisfaction to me that these Trusts have been established with the cordial assent of my wife and children.”