GENERAL
BENEFIT TRUST ACCOUNTS
General
Benefit Trust Accounts are set up by the tribal government as one single
trust for the general benefit of a defined group of community members.
This means the account is administered in the form of a benefit, grant,
or loan program. Examples of General Benefit Trust Accounts are:
–General Trust Accounts, which include:
–Sales Proceeds Trust Accounts – monies from the sale of
a community asset, such as land from a community owned school or
recreation area
–Government Grant Accounts – monies obtained from
government grant programs and to be administered for the benefit
of a class of community members, such as college education
programs or rehabilitation programs
–The Permanent Trust Fund of a Community – monies held in
a permanent account that are available for the general benefit
of the community
–Community Social Programs:
–Scholarship Programs – monies donated or held for a
specific educational objective of the donor or program, such as
local community college scholarships
–Asset Purchase Programs – monies designated for the
benefit of first time home purchasers, or small business
entrepreneurs
–Other welfare, health, or
educational programs
|
|
Narrow-neck
Basket, 12 x 11, traditional design
--client
donation, Providence First Trust Company Private Collection
|
 |
