3 - Correspondence, Reports and Financial Statements on the Operation of the Rochestown Development Trust Fund

3

Correspondence, Reports and Financial Statements on the Operation of the Rochestown Development Trust Fund

16 items; manuscript and typescript

File of documents relating to Rochestown Development Trust Fund which was inaugurated in March 1971 under Section 439 of the Income Tax Act 1967. Established on the advice of experts from the Income Tax Department of Allied Irish Bank (South Mall, Cork) and Daly & Co. Solicitors, its explicit legal purpose was to channel covenanted portions of friar-teachers’ salaries back into a tax-sheltered trust fund. These recovered funds were specifically restricted to financing, promoting, and teaching the natural sciences at St. Francis College, Rochestown, County Cork. Includes salary covenants from several Capuchin friars (including Fr. Brendan O’Mahony OFM Cap., Fr. Peter Dempsey OFM Cap., and Fr. Nessan Shaw OFM Cap). The file also includes notes and photocopies of legal documentation.

ISAD(G) 2nd edition