[Rhodes22-list] Financial question by Lady Sailor

[elle]

Philip,

 That sounds like we wanted to do to begin with. I
will check it out. Thanks.

Attached is a present for everyone; shot just a few
minutes ago....

elle


--- 3drecon at comcast.net wrote:

> 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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> __________________________________________________ 
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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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