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Trust Fund

 
 
RexRed
 
Reply Sat 19 Apr, 2014 11:50 pm
If you were to create a small trust fund and leave it for posterity to help others long after you are gone what kind of provisions would you build into it?

How would you manage it? What would you have it do to provide the best possible outcome?

What kind of overhead services and risks?

Would you leave it to feed the poor? Or house the homeless? How would one word such a trust?

Would it be pages and pages of legal jargon?

How can you do the most to help people if you want to do something significant?

Do you micro manage or just leave as few details as possible?

It seems one needs to be clever with this idea so it comes to fruition the intended long term promise and purpose.

Put one dollar in the bank.

Make a trust where 90% of the interest earned goes back into the principle.

Then put that in a savings account and say the rest of the 10% interest goes to feed the poor.

In a million years that dollar will have grown in interest and if they have not solved the hunger problem by then it will be all the poor will ever need.

Does this kind of idea make sense? Why and why not?
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