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In 1739, some thirty-five years before
the war of Independence, William Carter left in
trust to the City of Philadelphia for "ye use and
service of ye alms houses belonging to ye sd City
(Philadelphia), and for ye relief of ye poor people
in the same forever."
From 1739 until the 1860's
twenty-six more funds were left in trust to the
City, these included several substantial funds
established by Stephen
Girard, James Wills
Jr., Benjamin Franklin and Elias Boudinot. Funds
left in trust to the City were administered by
Select and Common Councils, Committees of either
body, or through managers appointed by them.

The Board of Directors of City Trusts
A group of public spirited
and influential citizens of Philadelphia felt that
management of these funds was proving to be
unsatisfactory because rapid changes in City
Government made impossible a proper continuity of
stewardship of the trusts. In 1869 a group of these
citizens succeeded in bringing about the passage of
an Act of Assembly creating the Board of Directors
of City Trusts, by the Legislature of the
Commonwealth of Pennsylvania. The Act, approved on
June 13, 1869, continued to vest trusteeship in the
City, but placed administration of the trusts under
a Board of Directors.
This Board is appointed by
and accountable for its actions to the Judges of
the Courts of Common Pleas of Philadelphia.
Membership consists of 12 citizens of Philadelphia,
and the Mayor and the President of City Council,
who serve Ex-Officio. They serve without
compensation. The Treasurer of the City of
Philadelphia serves as Treasurer of the Board. Mr.
William Welsh served as the first President of the
Board.
In addition to overseeing the
administration of The Estate of Stephen Girard,
Girard
College and
Wills Eye Health System, the
Board of Directors of City Trusts is charged with
the administration of 118 other trusts left to the
City of Philadelphia for charitable purposes. These
are referred to as the "Sundry
Trusts," each
maintained separately and administered according to
the terms of the benefactor.
BOARD OF DIRECTORS
OF CITY TRUSTS
John J. Egan, Jr.
President |
M.W. Baehr, Sr.
Vice President |
Hon. Ronald R. Donatucci
Vice President |
Hon. Vincent J. Fumo
Vice President |
Lynette M. Brown-Sow
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Louis J. Esposito
(President Emeritus) |
Michael P. Meehan, Esq.
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Hon. Michael A. Nutter
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Bernard W. Smalley, Esq.
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Hon. Marian B. Tasco
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Hon. Anna C. Verna
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Stephen R. Wojdak, Esq.
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Hon. Michael A. Nutter
Ex Officio |
Hon. Anna C. Verna
Ex Officio |
Marlene Brenner
Secretary |
Joseph S. Martz
Executive Director |
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