The current state of the solar industry & reevaluating

--- In ssi_list@... "victoriatangoman"
>
> Here's some foood for thought. There's really no need that the
> trust/foundation be established in the US. Go to the Turks and
> Caicos, Isle of Man, Leichenstein, etc.
>
> Here's a primer which describes the rule against perpetuities
> established in English Common Law in 1620.
> http://www.ideamarketers.com/library/article.cfm?
> articleid315&wherefrom=PROFILE
>
> Here is some info on Trusts established in the Turks and Caicos
> which has suspended the law against perpetuities. Trusts can be
> established for 100 years there.
>
> http://www.caribcats.com/caribcats/dominica/trusts.html

Perpetuity is what I'd be looking for. Looks like some states are
open to it in the form of trusts but not all.
>
> Of course if you're counting on donations being tax deductable in
> the US, then all of the above is for naught. If however, you can
> accumulate a capital pool of $10 billion (non tax-deductable), then
> setting up an offshore foundation, letting the capital compound for
> 50 years at an inflation adjusted rate of 9% will yield an
endowment
> of $740 billion. Then transfer the assets to a foundation and make
> annual disbursements of 5% of the endowment and your foundation can
> live forever. How much of a market effect will $37 billion have
when
> injected into the launch market?
>
> TangoMan

Wow, you think big. I was more thinking on the scale 1 person can
accomplish. By grouping, it would just reduce the time before the
organization is functional. I guess I should have thrown out some
numbers...

Let's say an individual works for 40 years. He manages to save $1000
a month during that time. According to my financial calculator he
would have over $4 million at the end of the period assuming a 9%
return. If he continues to get 9% on his money he would receive $360
thousand annually. Is that enough to create and fund the launch
service I described? I doubt it but it would make a great retirement.
He leaves directions that after he dies his money is to compound for
another 50 years. This leaves $300 million and produces $27 million
to fund the organization. I think it would be doable.

Joe