[Ansteorra] Fw: [Ansteorra-announce] FromtheBoard of Directors-Financial Announcement

[Elizabeth Crouchet]

It is common for corporations to invest money to make it make money. 
Even for 501C3s. Generally this is a responsible thing to do. If it 
makes money, even just in interest then the corporation has less need to 
seek operating funds elsewhere, such as from it's members pockets. 
Unfortunately it is subject to the same kinds of  risks as many of our 
personal investment accounts, such as our 401Ks.

That is a great question. This  kind of thing should be looked into by 
the membership. I applaud your deeper interest.

If you wish to know more about how this Society operates at the highest 
mundane levels then contact the main office and request to subscribe to 
the BOD minutes. Eventually, you may wish to go further and join the BOD 
yourself at some point but take the time to find out what that is about 
first.

Also talk to your Society ombudsman if you have any questions. The 
easiest way to find  out who that is is to ask on this list or again, 
contact the corporate office.

I am sure the BOD would welcome any suggestions that would help them to 
handle the monies in the safest and most responsible ways possible.

Claire


Brandon McDermott wrote:
> That one struck me as odd as well, but being newer than some I assumed it was normal 
> for them to invest our money. I would ask if that is prudent, not just in our current economic status, both nationally and internationally, but as a society as a whole in any market. Secondly, I would ask if the $180k plus in losses was due to the investment of our money, and if so, to what degree.. I must say that loosing money for any reason is annoying at best, but we would probably have a wholly different conversation if the SCA had just tripled its money overnight. I don't know..... Maby some of those bean counters out there, or those who may have been Society level officers please find me and educate me. I would really like to know more about how we operate at the highest levels.
>
> Gramercy 
> Lochlan