X-Message-Number: 1846
Date: 28 Feb 93 02:52:37 EST
From: Saul Kent <>
Subject: Keeping The Endowment Fund Intact

In recent days, there have been several postings about Alcor's
current financial problems and how to solve them.  It has been
suggested that one way of dealing with these problems is to
continue to borrow from The Alcor Endowment Fund, or to appropriate a
portion of that fund to cover operating expenses.  Some have argued
that The Endowment Fund should not be touched and that other ways of
increasing revenues should be be pursued.

I believe that everything possible should be done to aovid taking
anything (other than interest) from The Endowment Fund. The Fund was
set up in order to impose some degree of discipline upon Alcor's
management and to set up a system, which, eventually, once The Fund
grew large enough, would cover Alcor's operating expenses indefinitely,
in a reliable and secure manner.  In my opinion, previous borrowings
from The Endowment Fund have eroded confidence in Alcor's
management to some degree.  I think further borrowings will continue
that process of erosion.

The problem is that Alcor has expenses to pay right now that make
it difficult to follow a policy of never again encroaching upon The
Endowment Fund.  Steve Bridge's message on cryonet yesterday makes that
very clear.  With the need to meet the payroll facing Steve on Monday,
it's obviously difficult for him to adhere to principle in administer-
ing The Fund.

I think everyone on cryonet who believes in the principle of never
again encroaching upon The Endowment Fund should help Steve out by
contributing enough money to enable him to meet Alcor's payroll
on Monday. I just contributed $300.00 towards that end. I hope others
will follow my lead.

Saul Kent

Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=1846