Fwd: RE: HOMESTEAD: Trusteeship Trusts: can someone provide more info?

[Shann Turnbull <sturnbull@mba1963.hbs.edu>]

Attached is the answer to the question raised by Alan Zundel

It describes a mechanism for individuals to take private initiatives to 
spread their wealth to their children and through "buddy baby Trusts" for 
children in the Third World.  Its results depend upon compounding 
differential between SRI loans to the trust of around 5% and the returns 
obtained by the trust which are assumed to be 15% p.a. over 
generations.  So its operations are similar the proposal by Norman Bailey 
to privatize Social Security in the USA.

Regards

Shann


>From: TMollner@aol.com
>Date: Fri, 12 Oct 2001 11:46:49 EDT
>Subject: RE: HOMESTEAD: Trusteeship Trusts: can someone provide more info?
>To: <sturnbull@mba1963.hbs.edu>, <homestead@cog.kent.edu>
>Cc: <tmollner@aol.com>
>X-Mailer: Unknown (No Version)
>
>I think you are talking about what I now call Trust for All Children.
>Attached is the proposal I have prepared and want to lauch once I finish my
>book.
>
>Terry
>
>Terry Mollner
>Chair & Executive Director
>Trusteeship Institute, Inc.
>15 Edwards Square
>Northampton, MA 01060
>413-584-8191
>Fax 413-584-4310
>terry@trusteeship.org
>-----Original Message-----
>From: Shann Turnbull [mailto:sturnbull@mba1963.hbs.edu]
>Sent: Thursday, September 27, 2001 6:42 PM
>To: homestead@cog.kent.edu
>Cc: tmollner@aol.com
>Subject: Re: HOMESTEAD: Trusteeship Trusts: can someone provide more info?
>
>
>Why not ask my friend Terry?
>
>I will share a copy of this message with him <tmollner@aol.com>
>
>Regards
>
>Shann
>
>At 07:49 AM 28/9/2001, you wrote:
> >Alan:
> >
> >         It did not come from me and I do not know its source. I hope
> > someone out there can help us.
> >Deb
> >At 02:16 AM 9/27/01 -0400, you wrote:
> > >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."
>
>Shann Turnbull  Ph.D.
>P.O. Box 266 Woollahra, Sydney, Australia, 1350
>Ph: +612 9328 7466 office; +612 9327 8487 home; Fax: +612 9327 1497;
>Life long E-mail:
>sturnbull@mba1963.hbs.edu  Alternate:sturnbull@optusnet.com.au
>http://members.optusnet.com.au/~sturnbull/index.html
>Papers at: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=26239
>with other papers & book at http://cog.kent.edu/library.html

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Description: Zip archive

Shann Turnbull  Ph.D.
P.O. Box 266 Woollahra, Sydney, Australia, 1350
Ph: +612 9328 7466 office; +612 9327 8487 home; Fax: +612 9327 1497;
Life long E-mail: 
sturnbull@mba1963.hbs.edu  Alternate:sturnbull@optusnet.com.au
http://members.optusnet.com.au/~sturnbull/index.html
Papers at: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=26239
with other papers & book at http://cog.kent.edu/library.html