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BEQUEST of millions locked up in Alcor-created endowment

December 21 2010 at 7:41 AM
Rick  (Login recreation)
Owner
from IP address 98.165.81.74

 
http://www.alcor.org/blog/?p=1432#more-1432

Max legal withdrawal is only 2%---- per year... why not create a CONTROLLABLE self-designed endowment where the withdrawal can be 10%...so the burn rate is MUCH slower... but high enough to cover the Alcor unique situation....

Harvard has bequests and have locked up BILLIONS of dollars while students can't get aid for their education.... this endowment situation was NEVER openly discussed... just executed by edict.

AND the ironic thing is that the disownment of the grandfathering policy was made just before this post... where this pool of funds COULD have been used to BACK UP the grandfathering policy.

Furthermore, this bequest could have been advertised as a way to encourage MORE cryos to leave bequests to Alcor... but NOT at a 2% withdrawal rate... the endowment is a good idea but self-controlled where if the withdrawal needs to be changed, it can be.

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This message has been edited by recreation from IP address 98.165.81.74 on Dec 21, 2010 8:03 AM


 
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