[Rhodes22-list] Financial question by Lady Sailor

elle watermusic38 at yahoo.com
Thu Nov 30 15:04:30 EST 2006 

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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> >>>>>> 
> >>>
> __________________________________________________
> >>>>>> 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?
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> >>>>> 
> >>>> 
> >>>> 
> >>>> 
> >>>> 
> >>>> 
> >>> 
> >> 
> >
>
____________________________________________________________________________
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> >>>> 
> >>
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> >>>
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> >> 
> >> 
> >> 
> >> 
> >> 
> >
>
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> >>
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> >>
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> > 
> > 
> > 
> > 
> >
>
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