IDA ALICE RYAN CHARITABLE TRUST

The Ida A. Ryan Charitable Trust was created under the will of Miss Ida Alice Ryan, who died in 1953. Wachovia Bank N.A. serves as sole Trustee. The will directs that one-half of the net income earned be distributed to the Catholic Cathedral of Christ the King “to be used in such a manner as the governing body of said Church shall determine."

The remaining net income “shall be paid by the Trustee to such charitable institution or charitable institutions in, or in the vicinity of Atlanta, Georgia, as may be selected by my Trustee from time to time. No institution shall have any right to require that there be paid to it any part of said income, but the Trustee shall, from time to time, and so often as it deems proper, select the charitable institutions which shall receive such income. I give no direction to the Trustee as to what charitable institution shall receive such income, but I suggest to the Trustee that such institutions as the Community Funds, and hospitals, particularly St. Joseph’s Infirmary, fall within the class of beneficiaries that I hope will be given consideration."

Due to the provision that the Trustee maintain Miss Ryan’s cemetery lot at Westview Cemetery, this trust is considered a split-interest trust and not a private foundation. As a result, there is no specific payout requirement, and all monies earned are considered reserved for charitable purposes.

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