[Rhodes22-list] Financial question by Lady Sailor

Slim salm at mn.rr.com
Thu Nov 30 18:38:59 EST 2006 

No one goes into the field of music, either performance or teaching, to get
rich.  But my bills are paid, my retirement is funded, home improvements are
made every year, I have a couple cool boats, we take vacations abroad every
couple years, cars are paid for and we have a new baby grand on the way.
Life's good. (knock on wood)  I never wanted to do anything else and feel
like my dreams have come true.  Of course there has been some hardship along
the way but I wouldn't trade my career for anything!

This will sound silly and trite but when I was just a little kid I watched
the "I Love Lucy" show and thought about how cool it would be to be one of
the boys in Ricky Ricardo's band.  I remember all those episodes where Ricky
goes down to the club in the afternoon to rehearse the boys for the big show
later that night.  I saw myself doing that and I've stayed the course ever
since.  Being a cowboy was my second choice.  Now I know lots of cowboy
songs.  8-)   Here' one of my favorites:

http://home.mn.rr.com/kslm/TheCattleCall.mp3

I wish nothing but the best for Elle's future beneficiaries.

Slim

On 11/30/06 5:44 PM, "Philip" <3drecon at comcast.net> wrote:

> But he'll love life.
> 
> Philip
> 
> 
> -----Original Message-----
> From:     rhodes22-list-bounces at rhodes22.org
> [mailto:rhodes22-list-bounces at rhodes22.org]  On Behalf Of elle
> Sent:    Thursday, November 30, 2006 6:05 PM
> To:    The Rhodes 22 mail list
> Subject:    Re: [Rhodes22-list] Financial question by Lady Sailor
> 
> Slim,
> You'll never work a day in your life if you get a job
> doing what you love to do.....
> 
> He didn't 'work' that often....;^)
> 
> elle
> 
> --- Slim <salm at mn.rr.com> wrote:
> 
>> Elle,
>> 
>> I'm afraid I can't give you any $$ advice but bless
>> you for making monies
>> available to would-be music students and giving some
>> kid a chance to get a
>> job that pays almost nothing while consuming his
>> entire life!   8-)
>> Just kidding--but not kidding about the blessing.
>> Good luck.
>> 
>> Slim
>> 
>> On 11/30/06 4:46 PM, "elle" <watermusic38 at yahoo.com>
>> wrote:
>> 
>>> Rex,
>>> 
>>> The bank that we used while living there has a
>> trust
>>> dept; that is another contact to add to my list.
>>> 
>>> These are splendid suggestions; surely one of
>> these
>>> will have the answer.
>>> 
>>> thank you!
>>> 
>>> elle
>>> --- Charles Henthorn <rexh at sbcglobal.net> wrote:
>>> 
>>>> Elle:
>>>> 
>>>>      That same problem was solved here by the
>> school
>>>> going to the trust department of a local bank
>> that
>>>> was willing (as PR to the community) to accept a
>>>> trust created by the school with the money
>> designed
>>>> to accept future donations from which
>> scholarships
>>>> could be granted in the future from the earnings.
>>>> The bank charges a small administration fee and,
>>>> with the amount your are describing, the
>>>> scholarships would be very small at the beginning
>>>> but, from my experience, sometimes its not as
>> much
>>>> about the size of the scholarship as it is the
>> honor
>>>> it bestows --- especially if it carries a
>> respected
>>>> name in the community.
>>>>      Just a thought.
>>>> 
>>>>   Rex
>>>> 
>>>> 
>>>> 
>>>> elle <watermusic38 at yahoo.com> wrote:
>>>>   Rob,
>>>> 
>>>> Right now the $$ 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
>>>>>>>> 
>>>>>>>> 
>>>>>>>> 
>>>>>>>> 
>>>>>>>> 
>>>>>>>> 
>>>>>>>> 
>>>>>>> 
>>>>>> 
>>>>> 
>>>> 
>>> 
>> 
> ____________________________________________________________________________
>>>>> ________
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>>>>>>> beta.
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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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>>>> 
>>>> 
>>>> 
>>>> 
>>> 
>> 
> ____________________________________________________________________________
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>>> 
>>> 
>>> 
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