Endowments and contingency funds are nice, but right now that's all
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.
On Nov 17, 2007 2:31 PM, Ray Saintonge <saintonge(a)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.
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