Special Coffee Hour, August 2

MARK YOUR CALENDAR:  August 2, 12:30-1:30 pm
Coffee Hour, Community Room
Hosted by the Wayne Taylor Bequest ad hoc committee
Were you there–on Zoom December 20, 2020–when our community was in unity to accept a bequest from the late Carl Wayne Taylor, someone no one among us knew personally? Mr. Taylor’s direction in his last will and testament was complex in its simplicity:  RFM agreed to distribute his residual estate “for the direct benefit of needy people residing in the Richmond metropolitan area.”
Now that our task has been completed, with nearly $500,000 distributed by RFM over the past two years to 11 Richmond organizations, it’s time to reflect on and celebrate the Wayne Taylor bequest and the impact of Mr. Taylor’s philanthropy.
On First Day/Sunday August 2 from 12:30 to 1:30 pm the entire RFM community is invited to come together for coffee hour with Wayne’s circle of friends and representatives of the eleven organizations that have benefitted from his generosity.
Enjoy this time to visit with our guests from outside organizations and Wayne’s friends. The updated PowerPoint presentation about Wayne Taylor’s estate distribution process will be on view and special coffee hour refreshments will be available.

Update from the Wayne Taylor ad hoc Committee

Our committee (Barb Pedrotty, Denna Joy, Scott Morrison, Randee Humphrey/clerk) has been hard at work since May 2021, considering the potential ways and means of distributing the residual estate left to Richmond Friends Meeting by the late Carl Wayne Taylor "to directly benefit the needy in the greater metropolitan Richmond area."  It has been a complex as well as gratifying process, given that Mr. Taylor had no prior direct personal connection to our Meeting.

The committee shared two items in the September business meeting. First, Scott Morrison agreed in Richmond Circuit Court on August 27 to act as successor Administrator of the Carl Wayne Taylor estate for the purposes of closing out the final accounting due to the City of Richmond's Commissioner of Accounts.

The original Administrator (who was not associated with our Meeting) has been unable to fulfill the duties and expectations of the role. Richmond Friends Meeting's trustees, Financial Stewardship committee, and Clerk reviewed the scope of the Administrator role and agreed that Scott's service in this legal capacity was both appropriate and warranted. Scott will be preparing and filing overdue tax returns; assuming responsibility for the estate bank account, including preparing and filing a formal accounting and final disposition of the assets in the account; paying out remaining filing fees and possibly late filing penalties; and finally, distributing any remaining assets to Meeting, as the sole beneficiary of the Taylor residual estate.

The second update is simply to encourage Meeting members and attenders to review the Wayne Taylor ad hoc Committee folder on the RFM website during October. By the end of September, the folder will contain annual summaries of our research activity since May 2021 and an updated PowerPoint deck that provides an overview of our leadings. The committee will be reporting again in November on its work.