Several years ago Thayer Families Association (TFA) entered into an agreement with Braintree Historical Society (BHS) to administer a dedicated fund providing for the publication of materials related to the Thayer family. Through this agreement, four volumes of the "Thayer Comprehensive" were published. About four years ago, BHS did not provide to TFA an annual accounting for the funds they held, in accordance with the agreement. TFA repeatedly requested an accounting from BHS. It was not provided. An effort was undertaken by TFA Board to pursue the status of the Publishing Fund. All reasonable venues were pursued, including telephone, written correspondence, face-to-face meetings with BHS representatives, and demand letters from an attorney contracted by TFA for that purpose. BHS representatives eventually acknowledged that BHS was unable to account for the fund. Further legal review was undertaken to determine what options were available to TFA. It was determined that TFA would be able to recover a low percentage of the monies from BHS, if any recovery was possible. The cost to pursue recovery through legal means was projected to be a high percentage of what we might recover. Therefore, the 2008 TFA Board voted unanimously to sever immediately any further ties with BHS regarding the publication fund. TFA Board understood and acknowledged that taking this action brought our publishing fund balance to $0 available for use in our publication efforts. This TFA Board decision was announced at the 2008 Membership meeting, and supported by the members attending. 

Kate Welton Kuzmich, 2008-2010 President, TFA

Last Updated on Friday, 28 May 2010 07:14