[Rhodes22-list] Financial question by Lady Sailor

[Rob Lowe]

Elle,
What type of school are you talking about?  If a college or university,
could just go into general scholarship fund.  But then you wouldn't have a
self sustaining fund, but perhaps your intent would be met.  I expect there
are also more discriminating scholarship funds (say for engineering or
business) that would serve the same purpose.


----- Original Message ----- 
From: "elle" <watermusic38 at yahoo.com>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Thursday, November 30, 2006 9:43 AM
Subject: Re: [Rhodes22-list] Financial question by Lady Sailor


> Thanaks, Ed. We're trying several different avenues
> and may have come up with an idea that will
> work....still open to new thinking, though...I'm
> looking into tax-friendly ways to donate to the
> fund...Bill, you appear to be a financial guru...have
> you a direction I could pursue? It's a big learning
> curve for me....thanks
>
> elle
>
>
> --- Tootle <ekroposki at charter.net> wrote:
>
> >
> > Elle:
> >
> >       So your money is small potatoes to the school.
> >  Often it depends on
> > the school, but usually most smaller institutions
> > will play ball with the
> > smaller contributors.
> >
> >       My first reaction is that they are trying to
> > pressure you into giving
> > more.  The fund raisers are under serious pressure
> > to get the most that they
> > can.  They do not know your real situation and
> > therefore try for more.  In
> > sales it is said you do not get a sale until you ask
> > for the order.  This
> > just may be such a sales technique.  Just trying to
> > up the donations.  Just
> > consider that they are just doing their job, which
> > is to increase giving.
> >
> >        Just set up giving in a small amount each
> > year to placate them.
> >
> > Ed K
> > Greenville, SC, USA
> > Addendum:
> > "You must give some time to your fellow men. Even if
> > itâ?Ts a little thing, do
> > something for others - something for which you get
> > no pay but the privilege
> > of doing it."
> > Albert Schweitzer
> >
> >
> >
> >
> >
> > L. Sailor wrote:
> > >
> > > Hi, guys,
> > > Since the sailing season is over for the majority
> > of
> > > us, I have a task to occupy your time, if you're
> > up to
> > > it.
> > >
> > > Here is the problem:
> > >
> > > In lieu of flowers for the funeral last year,
> > friends
> > > sent donations for a scholarship fund in memory of
> > my
> > > guy.
> > >
> > > It has several thousand dollars in it, but
> > according
> > > to the organzation that manages these types of
> > funds,
> > > it needs to be at least 10K to generate enough
> > income
> > > to be self-sustaining. ´even if I add some to the
> > pot
> > > now (ha...gotta get #2 daughter through the last
> > year
> > > of school before I can help someone else's), it
> > will
> > > be several years before there is enough to give
> > maybe
> > > $500/year and to keep it self-sustaining.....
> > >
> > > So I need a plan 'B,' as the $$ is sitting in the
> > > school's account and needs to be moved as the
> > auditors
> > > will become antsy.
> > >
> > > I hoped to give $$ for quite a long time, not just
> > for
> > > several years.
> > >
> > > I have one idea but I thought the creativity &
> > > expertise on the list might spark an idea.
> > >
> > > thanks for any ideas. I'll let y'all know what
> > > happens.
> > >
> > > elle
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
>
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> > >
> > >
> >
> > -- 
> > View this message in context:
> >
> http://www.nabble.com/Financial-question-tf2729185.html#a7618999
> > Sent from the Rhodes 22 mailing list archive at
> > Nabble.com.
> >
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>
>
>
>
>
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