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COG
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Homestead Discussion |
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[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index] HOMESTEAD: Trusteeship Trusts: can someone provide more info?
Deb Olson and I pulled the information quoted below out of the Homestead discussion and used it in our paper on new ideas for spreading ownership, but we don't remember the source of it. Can someone who knows about this provide us with more information, ideally a citation for something published on the idea? Thanks. --Alan Zundel "Terry Mollner of the Calvert Social Investment Fund proposed Trusteeship Trusts, similar in concept to Ackerman and Alstott’s “grubstake” idea, but not dependent upon the federal government. State and local governments, non-profit organizations, banks, philanthropists, professional/civic organizations and/or community groups could set up a program for any community (however defined); all that would be required would be some seed money, including some entity (perhaps state/local government) to guarantee a seed loan if necessary. Mollner believed such a program would eventually be self-financing with initial recipients paying back their stake at death."
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