Posted 3/2/2009 11:24 (#628770 - in reply to #628662) Subject: Re: Non profits that can not get to Millions for operating
E.Central MN
My guess is that donors got mad after donating large gifts that were intended to provide long term sources of income only to find that they were immediately sold and a law was passed to control that. You have to remember that these endowments are designed to appeal to people's egos and its easier to sell if they are making a gift that will last forever rather than a gift that is spent tomorrow to pay the janitor.
Non profits that can not get to Millions for operating
