--- In [email protected], "wayback71" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "geezerfreak" <geezerfreak@> wrote: > > > > --- In [email protected], bob_brigante <no_reply@> wrote: > > > > > > > The $87 million was put in the World Peace Endowment Fund acct: > > > > > > http://www.worldpeaceendowment.org/endowment1.html#endowment > > > > > > Note that the principal of this fund is not being touched, only the > > > income, several million a year, is being used to support the numerous > > > pundit facilities in India, including this one near the Brahmastan of > > > India: > > > > > > http://geocities.com/bbrigante/updates2006.html > > > > Yeah, Bob. Your link didn't say anything about the fund not being > > dipped into. Here's what it says: > > > > >>The Endowment Fund > > for Permanent World Peace > > > > Time urgently demands the establishment of the Endowment Fund for > > Permanent World Peace. > > > > The income from this Fund will be used for one purpose aloneĀthe > > training and maintenance of a permanent force of experts in creating > > World Peace&. These experts create peace not by talking or by bombing, > > but by radiating peace from the level of infinite peace in the > > unbounded ocean of consciousness within every human being. > > > > How to Donate to the Endowment Fund for Permanent World Peace > > Questions Will Be Answered > > > > Maharishi and the scientists of his universities in Europe and USA > > will be available over the next week to answer any questions from > > substantial donors to the Endowment Fund via telephone or video > > conference.> > > > > You call that little blurb a reasonable accounting for 87 large? > > > > And....if you have questions about where the money went, they might be > > answered IF you are a "substantial donor". > > > > Un-fuckingbelievable. > > >
> I was told a few years ago by a fulltime, "in the know" person in the TMO that at least half > of the 87 mil was lost in a poor quality investment in a stock market overseas (I think > Europe) that tanked. It was not invested prudently, to say the least. A small portion did go > to expenses in trying to put together a group of pundits for a while. Is this explanation > true? Who knows. It is obviously not true, because if it were, the TMO would have been required to report that loss on its annual IRS form 990, and there are no such losses reported since the $87 was raised. > I don't think anyone - even Bobananda - can suggest that the TMO provides any financial > info on investments or the basic whereabouts of donations, let alone a real independent > firm accounting. The TMO would be running an extreme risk by misreporting financials to the U.S. Internal Revenue Service, which could easily result in the movement's losing tax-free status and paying huge fines. To suggest that this is the case is just not credible, and you have nothing to support your claims except your unnamed source (and while we're at it, you are also not identifying yourself). I think at this point, anyone who gives money recognizes this. You give > the money, it is totally out of your control and you will never know how it is used, period. > The next question is where the money goes. There have been enough independent reports > from people who have taught in India or been around MMY to make a very good case that > some money is going to MMYs family - probably a lot. "Reports" meaning gossip from people like you. The existence of the pundit facilites in many locations in India shows that the money (only a couple million a year in interest earned on the $87 million principal) is going for its intended purpose. If some of MMY's relatives are driving nice cars, so what? For now, you just don't know. This > is how it is, period. These are both bad situations. Some people do not care that much > because they just want to give to Maharishi, or get the recognition and closeness to him > (and let's be honest, all organzations seem to work this way, where giving gets you on the > inside. At least with other than TMO orgs you usually know how the money is used, > however). Some people understand this and make "donations" to the TMO that they > themselves control. Like money to pave a few roads at MUM. > Would I donate? No way. Is this situation reason enough to stop doing TM? For me, no. > Will you continue to post gossip and innuendo? Yes!!! To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
