The Julien E. Marx Foundations Trust Mission Statement
The Julien E. Marx Foundation Trust is a testamentary trust created under the Last Will and Testament of Julien E. Marx. Its existence is perpetual and its aims are to further the goals of local charities and institutions which are consistent with the manifest intent of Julien when he created this testamentary trust.
The Trustees receive and review grant applications during the calendar year. Once a year, at the discretion of the Trustees, generally in December, it will act upon those applications. The Trustees may also, in their discretion invite the grant applicants to personally appear before the Trustees and provide additional information to the Trustees needed in order for the Trustees to make decisions n order to provide funding for the Foundations charitable projects for which funding is requested.
In making it decisions the Trustees must consider the available funds, any relationship that may exist between the particular grant application and the declared intent of Mr. Marx in creating the Trust. Their decision as to providing funding shall be at the absolute discretion of the Trustees and shall be final.