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Originally Posted by 1ntCobra
The article says that in 2005, the fund had net assets of $2.9 million. So it is not like someone is stealing the money or wasting most of it on administration costs.
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I am not trying to be an apologist on this... I just don't think it's enough to make the villagers here once again gather torches and pitchforks and verbally storm the castle.
OK...2.9MM in assets.
Know that is comprised of almost $2 million (in valuation) of CS's car collection turned over to them.... and a couple of hundred K of donated stock. That means the real "I can spend it" assets are a few hundred K total.
Like I said, there are no sacks of cash lying around in the office. Could they be smarter and have more services donated? Sure...
Should they pay expenses for an autograph-session, like at a SAAC National? Sure...
This year, they have more real bucks in hand than ever, thanks to Ford...
as expenses go, it will probably push them out of the break-even area and give them more cash to disburse...
..let's see what they do with it this year... then pass judgement