<VV> Re: CPF FUNDing

[Sethracer at aol.com]

In a message dated 8/11/2007 8:49:55 AM Pacific Daylight Time,  
airvair at earthlink.net writes:

Which is  exactly what I've done. BUT please note that there is a difference
between  the CPF "General" Fund and the CPF "Endowment" Fund - the former is
a  general financing fund, where money is spent without regard as  to
preserving what's there; while the latter is reserved for only using  the
INTEREST off the principle, thus preserving the base principle  intact.
Donations HAVE to specify which fund, otherwise, the default is to  put
donationations in the general  fund.

-Mark






Mark - I agree on your distinction between the funds. But, as I  see it, if 
not specified as endowment, then the CPF board or, I suppose, the  financial 
management person acting under the direction of the Board, could  decide where 
to put the funds. I know of no rule that specifies putting  contributions into 
the general fund - EXCEPT - CPF has no regular source of  funds. There are no 
dues for CPF. As far as I know, only donations/contributions  and some 
merchandise sales generate operating funds for CPF (that is, as of now,  future 
endowment will generate funds - someday). If all current donations were  earmarked 
for the endowment, CPF would be paralized. A balanced is needed. -  Seth 



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