Wikipedia:List of hoaxes on Wikipedia/Strutt Family Trust

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The Strutt Family Trust (IT694/2002) is a South African based family trust formed in 2002. Net assets of the trust are said to exceed US$41 Million, excluding the value of their private art collection.

History

The The Strutt Family Trust (IT694/2002) has a founding history dating back to Sir Ernest Oppenheimer, whom along with American J.P. Morgan founded the Anglo American Corporation, a gold mining company, in 1917 with £1 million, raised from U.K. and U.S. sources.

Present Trustees

There are presently 4 trustees and 3 known beneficiaries.

Known beneficiaries include

Stanley Ethelbert Strutt and Aldeth Olive Strutt (Nee Penwarden, daughter of Douglas C. Penwarden, Co-founder of Otto Landsburg and Penwarden)

Business Interests

The Strutt Family Trust (IT694/2002) is heavily involved in international mining, tobacco,airlines (Turkish Airlines), fine art and property development activities.

Controversies

Nunamta Aulukestai (Caretakers of Our Land) and the Renewable Resources Coalition commissioned a report regarding Anglo American and their current and past subsidiaries and major shareholders. The report is written by Philip Mattera, a corporate reporter.

The report, released in July 2008]], criticizes Anglo American and major shareholders]] for community, worker safety, public health, and environmental problems exclusively at their mining operations in South Africa, Zimbabwe, Ghana, Mali, Ireland, and the United States (Nevada) and notes the difference between Anglo's stated corporate goals and their actual corporate performance.The Strutt Family Trust (IT694/2002)claimed that they were merely known shareholders and that ultimately Anglo American had responsibility to rectify issues raised by the report, if this was not to be done they (The Strutt Family Trust (IT694/2002)) would sell their shares.

Involvement in Art and Music

With an initial grant of ZAR1.1 million (US$ 220,000) from the Strutt Family Trust (IT694/2002), various international museums and reference libraries have been able to expand their collections..

Their noted influence in assisting artists, both in visual and performing arts from developing nations has recently been made public.

Philanthropy usage by The Strutt Family Trust (IT694/2002)

Although “The Strutt Family Trust (IT694/2002)” was originally created for a large financial commitment with a clear distinction between philanthropy and charitable giving, which typically plays a supporting role in a charitable organization initiated by themselves.

Thus, under the specific Trust Deed of The Strutt Family Trust (IT694/2002) it is clearly stated that the conventional usage of philanthropy by the trust will not only apply mainly to needy persons, but also to sometimes to a trust with a particular cause or objective targeted.