[Rhodes22-list] Financial question by Lady Sailor

[Peter Thorn]

Elle,

I surely don't have a suggestion, but my sailing buddy Lawrence could
probably suggest 10 solutions.  Check him out at  www.lawrencepmiller.com

PT




----- Original Message ----- 
From: "elle" <watermusic38 at yahoo.com>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Thursday, November 30, 2006 5:46 PM
Subject: Re: [Rhodes22-list] Financial question by Lady Sailor


> 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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> > > > > >
> > > > >
> > > > > -- 
> > > > > 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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