[Oe List ...] Order Funds

[Jack Gilles]

Dear All,

A little context on our funds.  As I remember (not always a correct thing!), we had a nice nest egg of funds, education-retirement-health.  I remember when Joe announced we were all "millionaires" as we had accumulated that much in our funds.  However, as we accelerated our HDP work in 76-77 and started the replication in India (originally we were going to do 8-8-8 HDPs over three years but shifted to 8-16 & replication in India) we needed cash and so the Order Ecumenical loaned ICA about a million dollars and both carried it on their books as accounts receivable (OE) and accounts payable (ICA).  It was sort of one part of the family loaning another part some money for cash flow reasons.  At the time we didn't foresee the OE crisis nor the ICA funding bind that was to come in the 80's.  So, when the OE went out of being in 1988 it forgave the 1 million debt owed it by the ICA and dispersed the remainder to the OE members, at that time, based on a formula of a minimum of 10 years of service and the older ones getting a higher share than the young ones.  I can say that I enjoy getting my $50/month from the annuity company, it keeps me in beer and wine with a little left over for some peanuts.

Jack
On Aug 10, 2011, at 10:10 AM, jonzondo at juno.com wrote:

> If by "our" children you mean any ICA/Order children, then yes.
> I benefitted from receiving some money each year during my first 4 years of college.
> And I am grateful.  Thank you.
> 
> And I would gladly trade that for what my parents were promised, which was that they would be cared for in their elder years.
> 
> May we all be cared for during those years.
> 
> Jon Mark Elizondo
> 
> 
> 
> ---------- Original Message ----------
> From: E B <marosel2000 at yahoo.com>
> To: Order Ecumenical Community <oe at wedgeblade.net>
> Subject: Re: [Oe List ...] Another Time article
> Date: Wed, 10 Aug 2011 05:31:41 -0700 (PDT)
> 
> 
> or did any of our children benefited from the "college fund"?
> Elsa Batica
> 
> --- On Tue, 8/9/11, Elizabeth Caperton <ecaperton at bellsouth.net> wrote:
> 
> From: Elizabeth Caperton <ecaperton at bellsouth.net>
> Subject: Re: [Oe List ...] Another Time article
> To: "Order Ecumenical Community" <oe at wedgeblade.net>
> Date: Tuesday, August 9, 2011, 11:05 AM
> 
> So what happened to that "travel fund, which enables two couples to travel abroad for three months each year" by the time I arrived?
> 
> Read more: http://www.time.com/time/magazine/article/0,9171,836839,00.html#ixzz1UY3fMvbP" 
> On Aug 8, 2011, at 11:14 PM, Lynda Cock wrote:
> 
> This is the Time article that caught our attention in 1967 when John was minister of education at Central UMC in Asheville, NC.  
>  
> http://www.time.com/time/magazine/article/0,9171,836839-1,00.html
>  
> The next year we took a PLC and then helped set up a RS-I.  After that pitch by Marilyn Miller Oyler  and Phil Townley, we sold our house and car and journeyed to Chicago in March 1969.  
>  
> Lynda and John Cock 
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