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.