X-Message-Number: 2008
Subject: CRYONICS Integrity and the Endowment Fund
Date: Mon, 22 Mar 93 16:29:38 EST
From: 


(Feel free to publish this as a letter in Cryonics magazine, if you
have space and feel that it is sufficiently interesting.  Otherwise
please forward it to Steve Bridge.)

Dear Steve Bridge,

In your article entitled "Where's Alcor's Money?" in the March 1993
Cryonics, you raise the issue of dissolving the endowment fund.  I
don't have enough information to say whether or not this is a
practical way of dealing with the current cash flow problems; for the
purposes of this letter, I will suppose it is.  I am concerned that if
money collected for something called an "endowment fund" is spent on
day-to-day expenses, then Alcor will have no credibility when it is
time to collect donations for a real endowment fund.

I see one straightforward solution to this dilemma: return the money
specifically directed to the endowment fund to the donors.

This may satisfy the donors to the existing endowment fund and any
potential future endowment fund.  You could judge how well this aspect
of my proposal works by calling some recent donors and asking them
what they think.

Relatively little money was collected for an endowment fund per se;
most of it came from Richard Jones with no strings attatched.  Thus
you will still have most of the money.  You can judge for yourself
whether that is enough.

At any rate, this proposal appears to be worth considering, or maybe
combining with other ideas that come along.

Take care,
Tim Freeman

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