[Rhodes22-list] Financial question by Lady Sailor
elle
watermusic38 at yahoo.com
Thu Nov 30 08:01:37 EST 2006
Rob,
Right now the $$ is in the high school's
account...they graciously accepted the donations &
kept the names, etc for me. As the HS does not
administer the funds, they have to move them to a
recognized disbursement agency...hence the management
co. (I think it is through a bank...have to go back &
check...)
What we hoped to do was to be able to award a decent
amt to a deserving grad for music edu....
elle
--- Rob Lowe <rlowe at vt.edu> wrote:
> 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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> >
> >
> >
>
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