The current state of the solar industry & reevaluating

--- In ssi_list@... "victoriatangoman"
>
> Under English Common Law, non-profits, foundations and other
> entities that manage endowments are prohibited by law from
> establishing perpetual endowments. They must distribute a few
> percent of their endowment after they've been established for a
> while. This is a very sensible prohibition for the tax favored
> treatment of donations is to establish a public good, not to
> accumulate capital for an endless period.

Oh. Bummer. I stopped donating to charities because I thought it was
wasteful that they didn't save more. Maybe I'll rethink that. Now
that I've done a little reading on the subject I see that lowering
launch costs doesn't really fit the bill of nonprofits according to
law either. (scientific, charitable, educational, and literary) Maybe
just organize it as a contractual agreement between the users as a
means toward lowering launch costs? Contributions plus interest could
be used as a credit toward launches. Launches would still go to the
highest bidder but people who contribute more and earlier would have
an advantage. Any legal ramifications of doing it this way?

>
> Why not throw some numbers together and give us an idea of what
> you're thinking?
>
> TangoMan

Hmmm... I don't have any numbers to throw together. I think you
understand the basic concept. The organization's annual budget equals
the return on the contributions which allows selling the services at
any price. I could make up some numbers but I don't think it will
illustrate it any better. You all probably know already what compound
interest can do given enough time so I won't bore you with that.

Joe