Retired Teachers Organization

of the Nova Scotia Teachers Union

13-Nov-2009

Operational Procedures of the Legacy Foundation:

  1. The audited financial statement of the Legacy Foundation will be published in "The Retired Teacher".
  2. The Board of Directors shall be the RTO Executive Committee who shall serve on a voluntary basis and not be reimbursed for out-of-pocket expenses.
  3. Expenses for postage, stationery and promotion will be borne by the RTO.
  4. All donations to the Legacy Foundation will be invested in term deposits, deposit certificates, government certifications/savings bonds or other avenues as approved by the Board of Directors.
  5. The interest on deposits shall be disbursed annually to assist charitable institutions that provide service to sick and/or challenged children in the Province of Nova Scotia.