To: old curmudgeon
I think someone has already pointed out that the $19 million in securities is a trust fund to be paid out as the kids get of college age.Nothing official to back that up.
412 posted on
03/18/2010 6:05:15 PM PDT by
ColdWater
("The theory of evolution really has no bearing on what I'm trying to accomplish with FR anyway. ")
To: ColdWater
You have to take it from the mission statement and the common use of securities and savings vehicles to grow the fund for expected future needs as they arise but all within the mission and the purpose of the charity. All charities have them. There is a place on the tax return where they put the excess. There is a form where they say what they did with it and the folks who monitor charities follow the data so you can be assured it is all public.
To: ColdWater
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