[Foundation-l] Putting the Foundation back in WMF

Thomas Dalton thomas.dalton at gmail.com
Sat Nov 17 23:09:16 UTC 2007

On 17/11/2007, Ray Saintonge <saintonge at 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.

Putting the cash in a savings account still constitutes capital gains.
The term doesn't refer just to risky investments.

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