Windfall received from the Silly Putty Charitable Trust
SHARON — At first doubting the validity of correspondence received from Wells Fargo Bank notifying the town of Sharon of the closing of the Silly Putty Charitable Trust, town Treasurer Tina Pitcher nevertheless followed up on the notice, reporting to the selectmen at their meeting on Tuesday, Aug. 24, that it was all real.
The trust had been established in 1975 by Fergus Reid Buckley, who stipulated that if the trust became inactive, half of the assets should go to Camden, S.C., and the other half to Sharon.
Accordingly, Pitcher reported that the town has received a total of $49,193 to be used for cultural, historical, recreational or educational purposes.
In keeping with the intent, the selectmen discussed purchasing a town vehicle to be shared between the Social Services Office and the Parks and Recreation Department. Such a town service vehicle could transport residents to medical appointments or help with transportation for cultural or recreational trips. The selectmen agreed to consult with the Board of Finance about use and handling of the funds.
