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-   -   CA Emergency Fund - Feedback please (http://www.cigarasylum.com/vb/showthread.php?t=8287)

SilverFox 01-17-2009 03:07 PM

Re: CA Emergency Fund - Feedback please
 
Quote:

Originally Posted by massphatness (Post 175914)
Love the concept, Fred.

Question: what if one of our brothers or sisters is in need for a reason other than job loss? What if he or she is having a hard time because a spouse is unemployed or there's a child in the house with an illness, etc.? Can they be nominated?

I apologize if I'm muddying the waters.

I am all for this, I like the idea of broader nomination as well.

tobii3 01-17-2009 03:10 PM

Re: CA Emergency Fund - Feedback please
 
Absolutely great idea.

I'm on board!!

rhythm11 01-17-2009 03:19 PM

Re: CA Emergency Fund - Feedback please
 
I like the idea and would be a contributor to this fund

shilala 01-17-2009 03:20 PM

Re: CA Emergency Fund - Feedback please
 
Our Local calls this our "Benevolence Fund".
It's in place to help brothers who have fallen on hard times, whatever the case may be. Works out real well.
They mostly fund the BF through tshirt/junk sales at our fraternal activities.

CBI_2 01-17-2009 03:23 PM

Re: CA Emergency Fund - Feedback please
 
Absolutely Brilliant! Count me in as a yes vote.

nozero 01-17-2009 03:23 PM

Re: CA Emergency Fund - Feedback please
 
Pretty sure you can count on me as well. I'd like to add that I'd be willing to pay up to say $20.00 for membership toward something like this, one time or perhaps even annually. It could be completely anonymous or those who participate could be identified by some sort of tag, CACA Cigar Asylum Contributors Anonymous. j/k on that tag...
:D

ahc4353 01-17-2009 03:24 PM

Re: CA Emergency Fund - Feedback please
 
This is a fantastic idea. Here to support this effort anyway I can.

Smokin Gator 01-17-2009 03:24 PM

Re: CA Emergency Fund - Feedback please
 
I am definitely in for this in whatever form it takes. I don't know if this is possible, but if when you set up the donate button there could be a choice for a recurring monthly contribution that was automatically deducted that would be great. If that was not possible I will just set a monthly reminder on my calendar.

Great idea!!!

white_s2k 01-17-2009 03:30 PM

Re: CA Emergency Fund - Feedback please
 
Great idea Fred, and I like the idea of keeping it anonymous.

Let me know what I can do. :tu

CigarDood 01-17-2009 03:34 PM

Re: CA Emergency Fund - Feedback please
 
If you guys want to set something up like this, you should probably consider setting up an actual charitable organization to provide limited liability for those in charge and tax-deductible contributions for donors. PM me if you want to discuss.

macms 01-17-2009 03:51 PM

Re: CA Emergency Fund - Feedback please
 
Quote:

Originally Posted by CigarDood (Post 176107)
If you guys want to set something up like this, you should probably consider setting up an actual charitable organization to provide limited liability for those in charge and tax-deductible contributions for donors. PM me if you want to discuss.

In a more formal environment a charitable organizational LLC would be very appropriate. IMHO, the liability of overseeing this fund would be no greater than the donations for the troops fund. While tax deductible opportunities may result in greater donations, this is not meant as a program of CA or ongoing support to the recipient. The costs to implement a 501 (c) (3) would be prohibitive at this time.

A program like this could be hosted off site by the committee if needed to remove CA from liability issues. Any attorney's on CA could respond via PM to me with there thoughts.

I may be foolish, but I perceive this as a non-formal, grass roots effort by members to help out a guy out if/when needed. :2

Sailkat 01-17-2009 03:54 PM

Re: CA Emergency Fund - Feedback please
 
Great idea! You can count on us to help anyway we can.

14holestogie 01-17-2009 04:09 PM

Re: CA Emergency Fund - Feedback please
 
I, too am in.

bobarian 01-17-2009 04:15 PM

Re: CA Emergency Fund - Feedback please
 
This is a brilliant idea. :tu Just point us in the right direction and I am sure the donations will flow as generously as everyone donates for the troops!:salute:

Darrell 01-17-2009 04:18 PM

Re: CA Emergency Fund - Feedback please
 
BOTL taking care of BOTL, sounds like what we are ALL about. I'm on board. :salute:

CigarDood 01-17-2009 04:23 PM

Re: CA Emergency Fund - Feedback please
 
Quote:

Originally Posted by macms (Post 176119)
In a more formal environment a charitable organizational LLC would be very appropriate. IMHO, the liability of overseeing this fund would be no greater than the donations for the troops fund. While tax deductible opportunities may result in greater donations, this is not meant as a program of CA or ongoing support to the recipient. The costs to implement a 501 (c) (3) would be prohibitive at this time.

A program like this could be hosted off site by the committee if needed to remove CA from liability issues. Any attorney's on CA could respond via PM to me with there thoughts.

I may be foolish, but I perceive this as a non-formal, grass roots effort by members to help out a guy out if/when needed. :2

***THIS POST IS NOT INTENDED TO BE LEGAL ADVICE***

Maybe it's just the risk-averse lawyer in me, but I see a significant amount of risk in running a program like this. I'd rather not discuss the risks, etc. in an open forum, so if you want to discuss it, PM me.

As far as start-up costs are concerned, I could probably help you track down pro bono counsel to get this off the ground.

ashmaster 01-17-2009 05:03 PM

Re: CA Emergency Fund - Feedback please
 
I'll do what I can to help. :tu

hotreds 01-17-2009 05:05 PM

Re: CA Emergency Fund - Feedback please
 
A wonderful idea, but I too, would look before leaping. Thanks, CD for looking out for us! Hopefully we can get this off the ground with the "i's" dotted and "t's" crossed!

smokeyandthebandit05 01-17-2009 07:42 PM

Re: CA Emergency Fund - Feedback please
 
Honestly I would help ANY BOTL in need.

SmokeyJoe 01-17-2009 08:55 PM

Re: CA Emergency Fund - Feedback please
 
Quote:

Originally Posted by macms (Post 175965)
I like CAMS! :tu

Or how about:

Hardship Emergency Relief Fund H.E.R.F.
! :ss

Great idea, Fred. You are a good-hearted man. :tu


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