2014 NOTE - with
changes caused by the Andy Blair tragedy (see Shocker)
which resulted in reduced compliance with our
Transparency and Continuity requirements by our
SMA Grantees, it now appears that we will NOT be making
to SMA grantees that require any future reporting.
Instead we expect to issue one-time cash grants in
accordance with the explanations on our allocations
We now expect that approximately two years after the Founder's death, each Grantee will receive its
share of the (now estimated at us$4,500,000 or
more in November 2014) bequest to the MPWCF from the Michael Wein estate. The allocated share and details about it are described in greater detail on the allocations webpage.
The following instructions are now crossed out (as
crossed out) and are left
below as such merely as a historical
reference. Below we wish to instruct the various recipient Grantees (as well as the "default" Grantees - ACLUF and Rider) what
their continuing responsibilities are afterwards
under the new 2014 future.
Each of the remaining ongoing SMA Grantees (and each "default" Grantee) shall either prepare (or receive) a copy of all reports as well as supporting documentation, for all of the following, each annually (or upon the major
final distribution itself, that one time) for as long as each Grantee wishes to continue in the Endowment holding (or potentially receiving) process. All of the
| | discussed on the templates page (or its
underlying Due(date) pages for Oct 31, Jan 15, and/or Jan 31) each year,
discussed on all "comments" letters sent by anyone (me, my Executor, or any other latter or earlier substitute),
shown on the site map for MPWCF webpage which also should be consulted for other possible webpages regarding this instruction.
In addition to the above, the asset distribution
webpage (in the "to whom it may concern"
proposed letter, in the two last "instructive" paragraphs) states most of what additional information should be supplied from (or to) all concerned parties. These two paragraphs refer to the allocated endowment that each SMA Grantee is (or will be) holding in a segregated and secure account
(with a recognized USA brokerage firm). This additional report (called the "Endowment Assets Report") is the report of the allocated Endowment's beginning values, the transactions for that year (each year), and the ending values that year. This report is an important and a major part of informing the "default" Grantees of what each SMA Grantee is doing to stay within the restrictions placed upon them by the Michael Wein Trust Agreement (as described more fully on this website)
More about this required report on webpages underlying this page you are now reading, specifically the endowment template page) for this annual report plus the how to do it page that shows examples of how you are to present all potential changes during the year.