--- In FairfieldLife@yahoogroups.com, new.morning <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, Sal Sunshine <salsunshine@> > wrote: > > > > > > However, we must immediately cover the start-up costs of building > the > > > new campus—and continue to build until we have proper housing for > > > 1,000 Vedic Pandits. Therefore, now is the time for all of you who > > > have who so kindly pledged to support the Vedic Pandits when they > > > arrive to quickly fulfill your commitment. > > > > So this is a--gasp--plug for $$? Who would have thought. > > > > Sal > > > > It doesn't seem to be an new plug for $. Given that people were > smart enough to pledge money WHEN the pundits arrived, and not give > outright, it seems reasonable that once the pundits DO arrive that > people honor their pledges. > > But for any future TMO projects, it seems cleaner for donors to set up > their own foundation, with their own board, and own transparent > accounting, raise funds, and give piece meal to projects when and if > each milestone is completed.
Sadly, that's probably the only way to do it. I say sadly because having each major donor set up their own foundations and own accounting is very inefficient and an unnecessarily repeating of expensive activities that otherwise could be done just once. Sharon Stone got alot of Kudos from Forbes Magazine several years back for being the main fundraising celebrity who did NOT have her own foundation and, instead, hustled and pitched for already- established AIDS foundations. If I remember correctly, the author of the article contrasted this with the Baldwin Brothers who set up their own foundation for breast cancer in honor of their mother and the money that was actually going to fight cancer was just a few cents on the dollar because everything was being eaten up in administration costs. > > Any donor who gives directly to the TMO is brain-dead and deserves to > be taken. :) Its M's way of saying "grow up" create your own > accountability systems if you want them, such things make no sense to > us Indians past the age of 50 -- and our way of doing business, but if > you want it, go do it. > To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
