--- In [email protected], "markmeredith2002"
<[EMAIL PROTECTED]> wrote:
>
> --- In [email protected], bob_brigante <no_reply@>
wrote:
>
> > **********************
> >
> > U.S. non-profits are required to file an IRS form 990, which
lists
> > their income and assets. For 2004, the Global Country of World
Peace
> > listed a balance of $190 million dollars. Anybody can verify this
by
> > going to http://www.guidestar.org , completing the free
registration,
> > and looking at the 990 information using the search
term "Maharishi."
>
> Form 990 for 2004 shows net assets of only $10.2 million for the
> Global Country of World Peace. $8.5 million for the prior year.
>I
> can't find any independent filing entity related to maharishi
> endowment for world peace. The Global Country seems to deal solely
> with vedic city stuff, nothing about India.
>
> Where exactly are you finding $190 million balance in cash?????
>
> The Global Development Fund is the largest maharishi entity in the
US
> with over $200 million in net assets but that's primarily old money
> from the 90s with only $3 million in cash.
>
********
I mistakenly said "Global Country of World Peace" instead of "Global
Development Fund" the 990 for 2004 shows assets of $208 million
(Maharishi Global Development Fund IA 2004 $208,457,893 990 40 52-
2052522), minus liabilities of 18 mil, that leaves $190 million net.
You won't find a 990 listing for the Endowment fund for world Peace,
because, as their website says at the bottom of the page, it's part
of the MGDF and MGANL:
"Donations to the Endowment Fund for Permanent World Peace,
established by the Maharishi Country of World Peace, are tax
deductible for US Donors.
Maharishi Global Country of World Peace currently operates in the
United States as a division of Maharishi Global Administration
through Natural Law ("MGANL"). MGANL (including its divisions) is a
Section 501(c)(3) organization, exempt from tax. As with any
charitable contribution, donors should consult a tax advisor
regarding any personal tax considerations that could limit their
deduction."
http://www.worldpeaceendowment.org/endowment1.html#endowment
As far as the MGDF having $3 million in cash, that's cash, not
investments, which is what constitutes the bulk of the $190
million.You are incorrect in saying that the $190 million in assets
of the MGDF is "old money" from the 1990s. The MGDF was nearly empty
after it "lost" the value of the Global Link stock (which never had
any real value, anyway):
http://groups.yahoo.com/group/FairfieldLife/message/996
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