The Retired Teachers Legacy Foundation, as established by the RTO Executive in 1994, shall support sick and/or challenged children of the Province of Nova Scotia.
1. To operate a fund exclusively for the benefit of sick and/or challenged children in the province of Nova Scotia.
2. To solicit; accept; receive; acquire by grant, donation, legacy gift, bequest; or otherwise; any kind of real or personal property and to enter and carry out agreements, undertakings and conditions in connection therewith.
3. To disburse annually the interest on deposits.
1. This annual disbursement is to honor the life and work of former teachers in Nova Scotia.
2. This annual disbursement is to benefit sick and/or challenged children younger than the age of 21 years.
3. This annual disbursement may benefit institutes which are defined as a society or organization founded for an educational, medical, social or similar purpose.
4. This annual disbursement may benefit charitable organizations that work for the benefit of sick and/or challenged children.
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.