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Archives & Manuscripts

Trustees and Friends Fiduciary Corporation of Philadelphia Yearly Meeting Records

 Collection
Identifier: QM-Phy-200
Organization:The Series are grouped in three parts, according to the corporate entity responsible for thier creation. Series 1-4 contain Minutes and Annual Reports, Committee Records, Correspondence, and Financial Records, respectively, of the Trustees of the Philadelphia Yearly Meeting. Series 5-7 contain Minutes and Annual Reports, Correspondence, and Financial Records, respectively, of the Friends Fiduciary Corporation. The last five series contain records of the Fiduciary Corporation of the Philadelphia Yearly Meeting and the second Friends Fiduciary Corporation, including: Minutes and Annual Reports, Correspondence, Committee Records, Financial Records, and Grants Given Prior to 1990.

Within the respective Committee series are the records of the Committee to Discuss Trustees and Fiduciary Corporation Policies for Investment of Funds, Real Estate Committee, Mortgage Committee, Investment Committee, Committee on Income Administration & Distribution, Anna T. Jeanes Fund, and the Joseph Jeanes Fund.

The Financial Records series contain the bulk of material in this collection, as the holdings and transactions of the corporations are documented in these sections. Bank statements, reports from the CoreStates Trust and Investment, 1838 Investment Advisors, and Morgan Grenfell Capital Management, and voided checks are all found in these series.

Dates

  • 1889-2005

Limitations on Accessing the Collection

Philadelphia Yearly Meeting restricts access to certain materials with implications for personal privacy. Details available in the Repository.

Copyright and Rights Information

Copyright has not been assigned to the Repositories. All requests for permission to publish or quote from manuscripts must be submitted to the individual Meeting or its successor. Permission for publication is given on behalf of the Repositories as the holder(s) of the physical items and is not intended to include or imply permission of the copyright holder, which must also be obtained by reader.

Extent

54 Linear Feet

Overview

Friends Fiduciary Corporation of the Philadelphia Yearly Meeting of the Religious Society of Friends was created in 1975 by a merger of the Trustees of the Philadelphia Yearly Meeting and the Friends Fiduciary Corporation. The Fiduciary Corporation primarily manages and invests funds entrusted to it by Friends meetings and organizations, which are commingled into a Consolidated Fund.

Biographical / Historical

The Trustees of the Philadelphia Yearly Meeting and the Friends Fiduciary Corporation (1920-1975) merged to form the Fiduciary Corporation of the Philadelphia Yearly Meeting of the Religious Society of Friends in 1975. That body changed its name back to Friends Fiduciary Corporation in 2001, better reflecting its Quaker heritage and acknowledging the more common usage of the name.

The Trustees of Philadelphia Yearly Meeting of Friends was a corporation formed in 1898 to hold property and execute trusts of Philadelphia Yearly Meeting (Hicksite), its subordinate members, and certain related organizations. Its members were appointed by the Yearly Meeting.

The Friends Fiduciary Corporation was chartered in 1920 to receive, hold, and administer real and personal property and to execute trusts of the Orthodox branch of Philadelphia Yearly Meeting. The two groups remained separate after the 1955 reunification of the Orthodox and Hicksite branches until the creation of the Fiduciary Corporation.

Friends Fiduciary Corporation primarily manages and invests funds entrusted to it by Friends meetings and organizations, which are commingled into a Consolidated Fund. The Corporation attempts to invest only in companies that adhere to Friends Concerns. In addition to investment, the Corporation also holds title, without management responsibilities, to a number of Quaker properties. The Fiduciary Committee handles millions of dollars of Friends funds, and largely functions through subcommittees.

For more information, consult the website: http://www.friendsfiduciary.org/about.htm

Immediate Source of Acquisition

Deposit
Title
FRIENDS FIDUCIARY CORPORATION
Subtitle
A Finding Aid for its Records Deposited in Friends Historical Library of Swarthmore College
Date
2004
Description rules
dacs
Language of description
English

Revision Statements

  • 2016: This electronic finding aid was updated in Summer 2016 by Abdulrezak Kemal in preparation for importing into ArchivesSpace, to conform to current markup standards and the ArchivesSpace data model.

Find It at the Library

Most of the materials in this catalog are not digitized and can only be accessed in person. Please see our website for more information about visiting Quaker Meeting Records at Haverford College Quaker & Special Collections and Friends Historical Library of Swarthmore College Library