[TheForge] ABANA support
Andrew Vida
osan at netlabs.net
Wed Oct 24 12:20:52 EDT 2007
Is the fund growing? It must be grown in order to remain viable -
otherwise it loses value on a daily basis and in ten years will be worth
perhaps half its current purchasing power. The endowment should be
about 20x the size. If it were, ABANA could run on its own pretty much
in perpetuity.
> It generates about $7k per year interest which is used exclusively to
> fund the scholarship programs.
But are there any plans to expand this? I think there should be. This
is precisely one of the things ABANA would be great for.
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