§ 01On Custody

A thing held well is seldom seen.

An enterprise has a corpus What is held, not spent. In a trust, the principal kept whole; the yield is what may be drawn from it. and a yield: the body of the thing, and what it throws off. We were made to hold the corpus — the charter, the structure, the part that must remain intact for anything to be drawn from it at all — and to keep it well, in good faith and at arm’s length At a remove sufficient that custody is never mistaken for control. We hold; we do not direct. , across the years it is meant to last.

A founder builds. We see to it that there is something for the building to rest upon, and someone to inherit it. We have done so, without interruption, for as long as has been necessary. The work is custodial by nature, and custodial work is quiet.

We are, as ever, with you.

§ 02In Our Keeping

Foundations laid to be inherited.

IFormation
enterprises brought into legal being
IICustody
holdings kept in confidence
IIIStructure
instruments built to outlast their authors
IVSuccession
the part that does not pass into other hands