[Rhodes22-list] Financial question by Lady Sailor

[elle]

Rex, 

The bank that we used while living there has a trust
dept; that is another contact to add to my list.

These are splendid suggestions; surely one of these
will have the answer.

thank you!

elle
--- Charles Henthorn <rexh at sbcglobal.net> wrote:

> Elle:
>    
>      That same problem was solved here by the school
> going to the trust department of a local bank that
> was willing (as PR to the community) to accept a
> trust created by the school with the money designed
> to accept future donations from which scholarships
> could be granted in the future from the earnings. 
> The bank charges a small administration fee and,
> with the amount your are describing, the
> scholarships would be very small at the beginning
> but, from my experience, sometimes its not as much
> about the size of the scholarship as it is the honor
> it bestows --- especially if it carries a respected
> name in the community.
>      Just a thought.
>    
>   Rex
>    
>    
> 
> elle <watermusic38 at yahoo.com> wrote:
>   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 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" 
> > To: "The Rhodes 22 mail list"
> > 
> > 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 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
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> > >
> >
>
____________________________________________________________________________
> > ________
> > > > > Do you Yahoo!?
> > > > > Everyone is raving about the all-new Yahoo!
> > Mail
> > > > beta.
> > > > > http://new.mail.yahoo.com
> > > > >
> > __________________________________________________
> > > > > Use Rhodes22-list at rhodes22.org, Help?
> > > > www.rhodes22.org/list
> > > > >
> > > > >
> > > >
> > > > -- 
> > > > 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.
> > > >
> > > >
> > __________________________________________________
> > > > Use Rhodes22-list at rhodes22.org, Help?
> > > > www.rhodes22.org/list
> > > >
> > >
> > >
> > >
> > >
> > >
> >
>
____________________________________________________________________________
> > ________
> > > Do you Yahoo!?
> > > Everyone is raving about the all-new Yahoo! Mail
> > beta.
> > > http://new.mail.yahoo.com
> > >
> __________________________________________________
> > > Use Rhodes22-list at rhodes22.org, Help?
> > www.rhodes22.org/list
> > 
> > __________________________________________________
> > Use Rhodes22-list at rhodes22.org, Help?
> > www.rhodes22.org/list
> > 
> 
> 
> 
> 
>
____________________________________________________________________________________
> Do you Yahoo!?
> Everyone is raving about the all-new Yahoo! Mail
> beta.
> http://new.mail.yahoo.com
> __________________________________________________
> Use Rhodes22-list at rhodes22.org, Help?
> www.rhodes22.org/list
> 
> __________________________________________________
> Use Rhodes22-list at rhodes22.org, Help?
> www.rhodes22.org/list
> 



 
____________________________________________________________________________________
Cheap talk?
Check out Yahoo! Messenger's low PC-to-Phone call rates.
http://voice.yahoo.com