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Homestead Discussion


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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."