Endowments and contingency funds are nice, but right now that's all academic.
After 26 days this drive is at $725k. Even running the drive for the planned 2 months, nearly 80% longer than the longest previous drive, it will be a huge surprise to come anywhere close to the $4.6M the foundation wrote down for their "budget". Rather than talking about how to put money away for the future, the immediate discussion needs to be A) how to raise money more effectively, and/or B) how to make do with less.
-Robert Rohde On Nov 17, 2007 2:31 PM, Ray Saintonge saintonge@telus.net wrote:
Thomas Dalton wrote:
Being able to fund activities off capital gains would be very useful, but really it requires large endowments to work. Building up a fund from small fundraisers isn't going to work.
Capital gains are not a reliable investment, especially not in the short term. Short term capital gains are mostly a matter of good luck.
Ec
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