[tabi] Re: I have an idea for TCB, NFB, and the Lighthouse

  • From: "djrogers0628" <djrogers0628@xxxxxxxxxxx>
  • To: <tabi@xxxxxxxxxxxxx>
  • Date: Fri, 15 Jan 2010 15:29:39 -0500

Dear Chip,

What you propose is totally unworkable; we were told of several funds, that 
used to exist and had a fairly considerable amount of money, fall flat on their 
faces because the funds were not administered properly--you have to set up a 
nonprofit foundation of some kind first; you need to find your funding 
sources--individual, corporate, etc.--you need to set up a committee or board 
who will administer the fund and process applications, etc. etc.

I wish doing what you propose was as easy as you think but it is not, and if we 
don't have re-payment, other funding sources will back out because you are, in 
effect, giving grants rather than making loans.

Are you delving into everyone's finances through some channel of which I am not 
aware?  I personally don't know anyone in Tally who is getting huge SSDI or 
Retirement checks, though I'll grant you there are folks who don't have as 
much, and there probably ought to be some way to verify an individual's 
financial status--that would mean some people could not qualify because, even 
with a small-interest loan over a fair period of time, will be more than they 
can afford.
]
I will not involve myself in anything that is questionably legal--oh yes, you 
do have to report to the 
IRS-because what you propose sounds more like a grant program to me with no 
financial accountability to the contributors or borrowers.

Darla

-
Darla J. Rogers, B.A. M.S.

djrogers0628@xxxxxxxxxxx
Home phone #:  850-329-7437

Do not allow someone else to be a priority in your life while allowing yourself 
to be an option in theirs.--Ani Difranco

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