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Dark Knight / Le Chevalier Noir
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---- Nous avons besoin d'un traduction français!
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Should the CFC try to dismantle the Chess Foundation?
Re: Should the CFC try to dismantle the Chess Foundation?
Gary, the answer to your question can be found in the Governors Letters on the CFC website. I looked at the oldest report on the site (1997-1998) and found the Foundation's contribution to be $7,142 in 1998 dollars. Is that not between $7,000 and $9,000? Read GL 5 of that year.
The annual revenue has fluctuated and will continue to fluctuate with interest rates. I just know 2010 for sure and have a reliable forecast for 2011.
Which question would that be, Ken? I didn't set the board to show me post numbers.
Do you expect people who read this kind of stuff to read your mind?
FYI: If you have not changed anything you could see the post number on the right side on the dark blue bar. (you may find your (posters) name on left, lift eyes a little bit, and move all way to right.)
Gary, the answer to your question can be found in the Governors Letters on the CFC website. I looked at the oldest report on the site (1997-1998) and found the Foundation's contribution to be $7,142 in 1998 dollars. Is that not between $7,000 and $9,000? Read GL 5 of that year.
The annual revenue has fluctuated and will continue to fluctuate with interest rates. I just know 2010 for sure and have a reliable forecast for 2011.
Than that's the answer. Twelve years ago the Foundation gave the CFC more than $7,000.00. The reply you previously gave me was what I called it. A forward looking statement.
Now let's discuss something else you wrote.
"The CFC has an abysmal past record for financial management. Why take the only asset that hasn't been pillaged and hand it over for further profligate spending?"
From the pages I have from 1974, the chess foundation was formed by the CFC so they wouldn't have to "pass the hat". Your opinion of the CFC financial management is outrageous. The CFC owns the foundation from my reading of the Chess Foundation Constitution. Unless I'm mistaken the CFC has "donated" surplus money into the foundation.
What do we have now? The foundation is stuffed with cash and there is no statement of intent from the CFC to send an Olympic team even at this late date due to a lack of funds.
There is something wrong with this model to my way of thinking.
You really should have more respect for the CFC financial management which has stuffed the chess foundation with such a large amount of money. If anyone should be making such a complaint it's the membership and the taxpayers who provide the tax break.
Where would I go to see the year end Foundation fund totals for the years 1995 to the end of the last fiscal year? If it's not readily available could you supply it for the membership.
FYI: If you have not changed anything you could see the post number on the right side on the dark blue bar. (you may find your (posters) name on left, lift eyes a little bit, and move all way to right.)
I see. He was defending you. Tell me something. Do you think it was disrepectful of me to ask you if you understood a discussion which actually goes back to the beginning of the Chess Foundation in 1960? It started with 5 donations which totaled $125.00.
Do you know that in 1960 the amount of $25. was probably half of the weekly industrial wage for a person in Canada?
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