[Rhodes22-list] Financial question by Lady Sailor

[3drecon at comcast.net]

Elle,
   Check out Exchange Traded Funds.  There are tax exempt funds.  They increase in value (and decline) pay a dividend (some monthly) and trade like stocks.  There are some that are very stable.  Leave it there until it grows to the correct amount for the endowment.  Of course, I would seek out professional legal advise as to how to set it up, but that may be an option.  You can find out about these funds on ETFConnect.com.  I don't know if that is viable but you can try.

Philip


-------------- Original message -------------- 
From: elle <watermusic38 at yahoo.com> 

> 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 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 
> > it’s 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 
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> > 
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> 
> 
> 
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