RE: [HSChorus] Re: Question re Chorus Endowment Funds 24-Jul-2007 14:47:26

Judy & Suzanne, This was indeed a sore point among many of us back when John MacDonald was chorus president, because the answers to your questions were not clearly spelled out. I think he and Larry Hitt and probably others could tell you more than I can recall. There was difference of opinion over which entity (HSO or HSC) controlled the receipt and dispersal of funds at a time when the HSO was still in financial straits. I believe that, after considerable effort and negotiation by John and Larry with Charles and Aurelie, those differences have long since been worked out and clarified. Happily, the same can apparently be said about the HSO's finances and directorship.

Since it is the HSO that is the tax exempt entity under whose umbrella the HSC exists, I believe the HSC Endowment exists, and receives and disburses funds under that same umbrella. I do not know who is on the current HSC Endowment Board of Directors, but I'm hoping one of them will correct any misinformation that I may be committing in this e-mail. And do I remember the last report from Dave Nussmann this last spring that our Endowment balance was in the $110,000 range ?

Dave does not do e-mail, so when you see him at the August 14 rehearsal, he can give you more accurate information.

The total current balance of the Endowment fund
Earnings available for use this current year
Earnings available for use in prior years
How those earnings were used
What the proposed use is for this year
Who decides?

I should probably know this as well, but time goes by and sometimes recall gets garbled.

It is our fund and our money that we are encouraged to contribute each year and we do have a right to know these answers

--- In hschorus@Xyahoogroups.com <mailto:HSChorus%40yahoogroups.com> , "Suzanne Mitchell"
<smitchell1979@...> wrote:

Dave does not do e-mail, so when you see him at the August 14 rehearsal, he can give you more accurate information.

George Howe

Senior Estimator

Direct Line: 713 346 0949

Fax: 713 222 1414

mailto:ghowe@spawmax.com

From: HSChorus@yahoogroups.com [mailto:HSChorus@yahoogroups.com] On Behalf Of judithia2000
Sent: Tuesday, July 24, 2007 12:34 PM
To: HSChorus@yahoogroups.com
Subject: [HSChorus] Re: Question re Chorus Endowment Funds

I would like to know the answer to that as well and... I would like to
see a financial report on the financial history of the endowment
presented to the chorus that includes the following information:

The total current balance of the Endowment fund
Earnings available for use this current year
Earnings available for use in prior years
How those earnings were used
What the proposed use is for this year
Who decides?

I should probably know this as well, but time goes by and sometimes
recall gets garbled.

It is our fund and our money that we are encouraged to contribute each
year and we do have a right to know these answers

Judy Hill

--- In HSChorus@yahoogroups.com, "Suzanne Mitchell"
<smitchell1979@...> wrote:
>
> Hello all. Hope you're enjoying your summer! I don't want to stir up any
> kind of hornet's nest, but I do have a question that I hope someone can
> answer.
>
>
>
> Re the statement in the most recent HSC Chronicles about the Chorus
> Endowment making possible the performance of the Mendelssohn St Paul.are
> there any kind of written guidelines about what the Endowment $$ can
be used
> for? Is it completely up to the discretion of the conductor? Does
the Chorus
> Council have any input into those kinds of decisions and, if so, is
there a
> process for chorus members to give input to the Chorus Council prior to
> these discussions?
>
>
>
> I ask from the standpoint of someone who has contributed a decent
amount of
> $$ every year to the endowment (and I suppose that due diligence
would have
> suggested I should know the answers to the questions I have asked before
> donating $$, so I am sorry for my own lapse either in knowledge or
memory!
> :-)).and although of course it's nice to sing another piece (and was
nice to
> do the CD, which as I recall was also supported by the Endowment), I
also
> think there might be other uses for that $$ that might benefit the
chorus in
> different ways (eg some of the "Western Wind' ensemble kinds of training
> that Roger Cutler has talked about in the past.).
>
>
>
> Thanks for your help - - inquiring minds want to know!
>
>
>
> Cheers. suzanne
>

__._,_.___

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