|
Georgetown's AA started an "Endowment Fund" about 3 years
ago...currently it has about $15-20,000 in it I think.
To make donations tax deductible, revenues from the fund
can only be spent on scholarships and educational purposes.
The first intent it to offer 'scholarships' to AM's to pay for
their insurance, and the second goal is to pay for more
UG's to goto leadership seminar and GA.
Unfortunately revenues from the endowment won't be issued
until it has $25,000 in it....until then, all the interest goes
back into the endowment itself. So as of yet, the UG's haven't
seen any benefit.
But soon it should kick in, and will be providing $1,000-$1,500/yr
...not alot at first, but you gotta start somewhere!
FYI
|
Threaded Mode