Miles White Beneficial Society of Baltimore Annual Reports

The text of recently received Annual Reports are below, with the most recently received at the top and older reports below. To jump to a particular report, simply click the year listed below.

2011 Report 2012 Report 2013 Report 2014 Report 2015 Report
2016 Report  

2016 Annual Report

The By-Laws of the Miles White Beneficial Society place its meetings on a schedule on which its Annual Meeting takes place on Tenth Month. Therefore its report to BYM begins with activities starting at that point in 2015.

The Annual Meeting was concerned with the approval of the continuation of the current officers and a review if the year’s work based on its own Annual Report. In 11th month the Board met with the President of the Mount Vernon Associates (the holders of the Society’s funds) The report included a comprehensive review of the fund activities for the year and projections for the coming year. The Trustees discussed with him the various holdings and continued the directions for them to conform to Quaker concerns.

The Board continued its pattern of dividing its fund’s income between recipients in the fields of Education and Charities. Two committees are each charged with setting the requirements for funding and overseeing the correspondence with applicants. Responses from applicants are reviewed by each committee and proposals are brought to the full Board for approval.

This year 13 college students, which are now being named ‘Miles White Scholars,’ and three educational organizations were approved for funding through the Education Committee. The Charities Committee will be bringing its proposals for funding to the Board in Ninth Month.

This year the Board of Trustees made the decision to award special funds to organizations in Baltimore City which support the positive development of youth focusing upon education, conflict resolution, or other ways to reduce violence. With the approval of the Board, an ad hoc committee oversaw the selection of programs and distribution of funds to be used for summer programs. The funds went to programs in Sandtown, Jonestown, and Penn-North - areas of significant unrest in the City.

The ten member Board of Trustees appreciated the greatly needed approval of enabling its members to serve three terms in order to adequately carry out the responsibilities and to achieve the purposes of the organization.

Mary Ellen Saterlie (Little Falls), President


2015 Annual Report

The Miles White Beneficial Society continued its mission during the past year by providing scholarships and grants to worthy individuals and organizations, most of whom have Quaker connections or provide services which are commensurate with Quaker values.

The Society has established two committees to disperse funds on an annual basis. The Committee on Education recommended to the Board the distribution of scholarship funds in March to thirteen applicants from the following Monthly Meetings: Dunnings Creek, Frederick, Gunpowder, Homewood, Little Falls, Maury River, Midlothian, and Stony Run. Grants were also awarded to Baltimore Yearly Meeting Camping Program, Friends School of Harford, McKim-City Springs, and Pendle Hill.

The Committee on Charities has issued requests for proposals to twelve organizations in four general areas of need: education, medical assistance, social services and housing. All are located within the Greater Baltimore area. Proposals are due on July 1. The Committee will make recommendations for allocation of funds to the Board in August.


2014 Annual Report

The Miles White Beneficial Society was established in June of 1874 and received $100,000 under the will of Miles White, a member of the Eutaw Street Meeting, the predecessor of Baltimore Monthly Meeting, Homewood. The objects of the Society, stated in the certificate of incorporation, are to “promote piety and Christianity (especially by the dissemination of books and tracts), to extend aid to the young in their religious, moral and intellectual training and education, and to relieve the deserving poor.”

The Board of Trustees of the Miles White Society has nine members. From August 2013 through June 2014, we met eight times, including a dinner meeting with our asset managers. The function of the Board is to manage the assets and award grants.

In Fall 2013, we made awards to six charitable organizations in the Baltimore area totaling $30,000. We will award the 2014 grants to charitable organizations in the Baltimore area after September 1.

This year, 2014, we have awarded twelve individual scholarships totaling $34,300 for undergraduate education. Scholarship funds will be distributed in July.

We have awarded three grants totaling $5,700 to educational institutions: $500 to Little Falls Monthly Meeting for books, $1,500 to Pendle Hill for scholarships for a conference of Young Adult Friends, and $3,700 to the Baltimore Yearly Meeting’s Working Group on Diversity at Camp.

Miles White Society funds are managed by the Baltimore asset management firm Mount Vernon Associates. We find them efficient and appropriately concerned with looking out for our social justice concerns in investing.

We were impressed with the qualifications of our Baltimore Yearly Meeting undergraduate student scholarship applicants this spring. We are very pleased to have the opportunity to support them. We are also deeply impressed by the good work of the organizations that we support and are grateful that we are able to support them during this time of economic hardship for so many people.

Mary Ellen Saterlie (Little Falls), President


2013 Annual Report

The Miles White Beneficial Society of Baltimore City, in its 138th year of existence, has continued to follow the purposes set forth by its founders:

The objects of the Corporation shall be to promote piety and Christianity (especially by the dissemination of books and tracts), to extend aid to the young in their religious , moral and intellectual training and education, and to relieve the deserving poor.

In that spirit, the Board of Trustees distributed a total of $15,000 in college scholarships to six students who are Quaker or closely connected with Friends activities. It also provided a total of $16,000 to five charitable and educational organizations in the greater Baltimore region.


2012 Annual Report

The Miles White Beneficial Society was established in June of 1874 and received $100,000 under the will of Miles White, a member of the Eutaw Street Meeting, the predecessor of Baltimore Monthly Meeting, Homewood. The objects of the Society, stated in the certificate of incorporation are to “promote piety and Christianity (especially by the dissemination of books and tracts), to extend aid to the young in their religious, moral and intellectual training and education, and to relieve the deserving poor.”

The Board of Trustees of the Miles White Society has ten members. From October 2011 through June 2012, we have met eight times, including a dinner meeting with our asset managers. The function of the Board is to manage the assets and award grants.

We have awarded three grants totaling $6,000 to educational institutions in Baltimore City: $2.500 to Clay Pots, $2,500 to The Baltimore Algebra Project and $1,000 to the Baltimore College Peace Network.

We have awarded two grants totaling $10,000 to charitable organizations in the Baltimore area: $5,000 to Govans Ecumenical Development Corporation (GEDCO) for their Civic and Religious Emergency Services (CARES) program and $5,000 to United Churches Assistance Network (UCAN).

We awarded seven individual scholarships totaling $17,200 for undergraduate education.

The market value of the Trust on 5/31/2012 was $1,641,424.

We have completed a full year with the asset management firm Mount Vernon Associates. We look forward to a long profitable association with this Baltimore firm.

This is the first year under our new arrangement as a supporting organization of Baltimore Yearly Meeting (BYM) within the definition under the Internal Revenue Code. We are delighted to have the resources of the BYM Nominating Committee and the closer connection with accounting services. Now that we are no longer a self perpetuating board, we have spent time planning for the orderly transition of officers and board members, assembling pertinent documents in a readily accessible file.

While we were very impressed with the qualifications of our scholarship applicants this spring, we were disappointed to receive only seven applications. We hope to improve our methods for making the availability of this scholarship known to young Friends so that we will have more applicants in the future.

Anne Greene, (Homewood) President


2011 Annual Report

The Miles White Beneficial Society was established in June of 1874 and received $100,000 under the will of Miles White, a member of the Eutaw Street Meeting, the predecessor of Baltimore Monthly Meeting, Homewood. The objects of the Society, stated in the certificate of incorporation are to “promote piety and Christianity (especially by the dissemination of books and tracts), to extend aid to the young in their religious, moral and intellectual training and education, and to relieve the deserving poor.”

The Board of Trustees of the Miles White Society has nine members. From October 2010, through May 2011, we have met seven times. The function of the Board is to manage the assets and award grants.

Two years ago, we reevaluated our criteria for grants, to bring them more closely in line with Miles White’s original intent, placing more emphasis on giving grants in Baltimore City and environs and increasing the portion of grants to charitable and educational institutions; the balance is given as individual scholarships to members of Baltimore Yearly Meeting for undergraduate studies.

In the current year, The Miles White Society has made grants in the amount of $4,000 to each of the following organizations: Govans Ecumenical Development Corporation (GEDCO), South Baltimore Learning Center, Shepherd’s Clinic and United Churches Assistance Network, totaling $16,000; and awarded 13 scholarships totaling $20,500. The market value of the Trust on 12/31/2010 was $1,489,743.

After evaluating three financial management firms, we have moved our asset management to Mount Vernon Associates, a Baltimore firm with Quaker connections.

Since October 2009, we have been examining our status under the Internal Revenue Code (IRC) for Charitable Trusts. We decided, on the advice of counsel, that we should formalize our situation vis-à-vis Baltimore Yearly Meeting (BYM.) We have asked BYM to acknowledge Miles White as a type II supporting Organization as defined under the IRC. Our request is under consideration by the Trustees of the Yearly Meeting.

We have changed our fiscal year from 9/30 to 12/31, effective in 2010. This meant that we had a short fiscal year: 10/1/2010 to 12/31/2010. We are now in sync with BYM’s calendar fiscal year.

We are all encouraged each spring when we review scholarship applications from young people across the Yearly Meeting. The depth and breath of learning and spiritual development of these youth always inspires and refreshes us and gives new hope for the Society of Friends.

Anne Greene, President