the m p w c Foundation, inc.
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Due to the events that are described in Note #1 below, we must explain just how much of the Foundation's (currently higher than the us$9,126,000 as of December 31, 2021) endowment remains in the USA as opposed to how much of this endowment gets transferred for use (as originally planned by the Founder way back in 1996) by the children and women in San Miguel. 2018 Note: The Founder apologizes further by now acknowledging that he is no longer physically able to constantly amend much of this page (indeed, much of this website) so merely "patching the website" is beginning to physically appear evident to any reader. Hopefully, most or even all of the information itself will be complete, correct and up-to-date, but we can no longer guarantee that, although we will try to do our best). I/we are sorry. Effective November, 2021, the MPWCF may turn out to be inactivated and immediately replaced DIRECTLY by the Michael Wein Trust in a dollar or dollar replacement of the inactivated MPWCF. Either way, no charitable beneficiary will have any of the previous, current, or future funds preplaced by this November 2021 change, neither for purposes or funding or any other way. The ONLY change is in HOW the replacement (or not) of the MPWCF by the direct funding methods of the Michael Wein Trust (or not) by the MPWCF. Definition: "Allocations" means that these are the results of the Founder's latest decisions regarding final distributions of MPWCFoundation funds just prior to the Foundation's dissolution. As of today (meaning, what you are reading is currently the LATEST allocation), this page contains our closest to final allocations for all of the Foundation's funds. This, then, is how the Founder (unless he has miraculously been been informed of events which will enable him to change these allocations some time before he takes his final oxygen-starved breath) instructs the MPWCF SUCCESSOR Trustee to distribute the Foundation's Endowment Funds:
For your information, this page has been reviewed and the latest calculation of the Founder's estate's bequest to the Foundation is now conservatively estimated to be us$9,126,000 as calculated on December 31, 2021 as opposed to the below table which uses an estimate of us$9,000,000 to merely illustrate an "example" of the final distributions The below 5-column table assumes that the Foundation's endowment funds will amount to us$9,000,000. If that ends up being the correct final amount, each grantee, or grantee category, will receive payments totaling whatever is shown below at the time of our dissolution (note, obviously the us$9,000,000 used as an example below must be adjusted to whatever the final amount actually is -- see the MORE RECENT estimate in the paragraph immediately above this).
Notes: (1) I am hugely saddened to have to finally accept my complete failure regarding my current inability to be able (legally, within the corporation's original year 2002 restrictions) to authorize the MPWCF to legally pay out the entire 100% of my estate's bequest to San Miguel charities. According to varying previously publicly announced governing restrictions, I am required by USA and Texas tax laws - the MPWCF is incorporated in Texas - to instead pay a great portion of that bequest to similarly qualified charities with similar missions but located in the USA. I have accomplished many things in my lifetime but the original goals of this Foundation were the proudest of what I had hoped to be my last accomplishment and final legacy and that is obviously now not going to happen quite the way as I had planned). The reasons for my failure are complicated. I had hoped to spend more of my last years' time on earth in authorizing even more local grants like the loans to women (microloans: credit to start small businesses working out of their homes) project, and/or so many other needed projects. Once again, I accept the failure as my own (if only because of the poor judgment I made in completely trusting the promises of others.. You can read more about these governing restrictions at founders will (see "d-restrictions on the use of the endowment bequeathed to the Foundation") wherein the long-standing requirements for both transparency and continuity were ignored for too long by both too many potential as well as then-current grantees. At the date of this writing, I have so far still been able to keep and exceed all of the rest of my original pre-death promisese entire bequest to the MPWCFoundation (see funding -- us$9,000,000) or more as of December 31, 2021) greatly exceeds my original historical intentions which were only us$500,000 at first. (2) the above table DOES NOT INCLUDE any OTHER additional monies (funds, stocks, etc.) that are also to be (or have already been) separately allocated to, or distributed to, Rider and/or ACLUF in accordance with the separate Clauses #3 through #6 of Schedule B of the Michael Wein Trust Agreement. The funds in the above table are, therefore, IN ADDITION to any bequests distributed under said Clauses #3, #4, #5, and #6.. (3) If any of the USA organizations are no longer in existence (or just not locatable by the Successor Trustee), the endowment grants should be given instead to any comparable USA (preferably New York City or NYC area) organization that provides food for the hungry, and/or housing for the needy, and/or represents women's interests. etc., etc., etc. (4) at the sole discretion of the Successor Trustees of the Founder's Trust (also known as his Executors), these remaining endowment funds may be paid to any of the charitable organization that, in the sole opinion of the Successor Trustee, meets his own opinion of organizations that Michael Wein would approve of (most specifically benefiting women and children's education). (5) the column "original maximum possible %" discloses the maximum percentage each San Miguel Grantee might have been allocated IF they had come anywhere near being close to complying with our original requirements (all of which each grantee had repeatedly over the years agreed to previously) for transparency and/or continuity. In the absence of such compliance, the "Founder's latest decision" is what he currently (or after his death) authorizes for each Grantee's share of our Funds. We have cajoled, threatened, explained, begged, and otherwise given every PAST and present grantee huge latitude in complying but while most of them agreed wholeheartedly to the above concepts, they have all, in important ways, resisted and resisted its execution, coming up with excuse after excuse. And over the years we continued to compromise our demands. But now, in 2014, after a minimum of (and in some cases, much more than) 9 years of trying, the Founder issued the current differences in percentages between those two columns. Do remember that the problems lie not in any Grantee's mission but rather in their intentionally or unintentionally hiding something quite important of what is going on in their organizations (i.e., required transparency is lacking) as well as in their lack of complete provisions for attaining organizational continuity. In this latter case, we ask why would any organization operating in a community where their volunteers are so much more likely to die or otherwise disappear unexpectedly NOT provide for educated and informed continuity of operations? So, we feel completely justified and comfortable in re-directing funds from these SMA organizations to those of better-run, more transparent, and thusly more stable, USA organizations doing the same type of work for almost identically needy people. In summary, and in the absence of fulfillment of our long known transparency and continuity requirements, we feel it would be foolish, no, actually stupid, for us to just hand out us$8,000,000 or probably more without receiving greater assurances about how this vast amount of money that the Founder spent so much of his life in acquiring was to be both controlled and then used by these local organizations. Nevertheless, in deference to our original promise at corporate inception, we leave the original promise of approximately us$500,000 to SMA charitable organizations. Our re-review in 2021 has reinforced our belief in what turned out to be our 2014. wisdom (6)
(7) (8) this is no longer applicable
(9) see the promises_unkept
webpage for more details (10) regarding the
estimate of the Founder's bequest of us$9,000,000
(and any more current higher estimates, as well as lower
previous estimates found elsewhere on this
website), if interested the reader may
read about prior estimates of (as low as) the
original us$500,000 and all other previous varying estimates of the Founder's bequest on our History
webpage. And, in reading various other
webpages on this MPWCF website, you will note many
older estimates that were accurate at the time of
their writing. These older estimates were
too numerous to continually update and so were
left as historical landmarks on each such page. (11) an illustrative spreadsheet has been provided for use by the Executors (and anyone the Executors deem appropriate for seeing such a spreadsheet) that the Founder, Michael Wein, prepared to illustrate how to obtain the results of calculations of the above in a possible (or maybe even "probable") set of circumstances whenever the preliminary, interim, or final allocations may need to be calculated. The original spreadsheet is located on the Founder's main desktop office computer and is in a file called and located at "e:\mydocs\my-death\excelSpreadsheets\1sr calc-FINALmethod-prelimUntil dec 2022.xls.xls" That spreadsheet (or a slightly re-named copy of the original) is there for the Executor's use in whatever fashion he or she deems appropriate at that time..In addition, the Founder also leaves a calculation of his entire Schedule B. Distributions of his entire estate within that Michael Wein Trust Agreement at e:\mydocs\my-death\excelSpreadsneets\1st-Calc-FINALmethod-(or similarly-named).xls (look for the latest DATE for the latest updated figures and computations of the estate and its distributions). All of the charitable funding will go the the Sectijon #1 charities but see note #12 below for other additional charitable funding. (12) Due to the extraordinary growth in the San Miguel Housing prices, in 2021 we added the following provision to our bequests to charities. The computation is as follows. The house might sell at cost (approximately $500,000) so the first $500,000 and the first excess over cost would also go to personal beneficiaries, the 2nd $500,000i, if any, would go to these 4 charities, and 50% of the excess, if any, over $1,500,000 would be split 50/50 between the personal benefiiciaries and the 4 additional charities. All of the additional funding would then go to the Section #2 charities.
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“Underpromise and Overdeliver” Some,
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