For members (and those who have just found us) July first finds us four months into our fifth year of existence! Here is a refresher as to what we do and what we have done to date.
The Mathmatecum is a non-profit corporation whose sole purpose is to provide passive income to its members during their lifetimes. Membership monies may be invested only in financial instruments insured by the U.S. government or guaranteed by the full faith and credit of the US government. Payments are to be made annually, no later than February 15 of each year.
At present all Membership monies are on deposit with the U.S. Treasury Dept.
Membership is limited and if not fully subscribed by 12/31/2041, membership will close on that date. The cost of membership is age related and varies between $30.00 and $125.00. The membership fee is a one time and one-time only fee. Extra income may be had through a generous sponsorship plan. To facilitate even more income, it is now possible for members to place monies and memberships in a “Mathmatecum Directive”. The minimum number of members in a directive is five (5) persons. Also available is a “Mathmatecum Protocol” which is a safe harbor for monies that may be needed in the short term.
There have been 4 distributions to date, one for each year of existence. There are no fees charged against income produced. The monies are distributed in the following percentages: 70% to members, 10% to the oldest ten members, and 20% is kept in the membership money fund.
The economy is still baffling when it comes to experts – for each positive voice there is a naysayer. It reminds me of a clergyman who I was quite friendly with. When I was looking for an answer to some theological quandary, he would never say he didn’t know but would say ” some say yes, and some say no, and by others it’s been disputed”.
JAI BABA
TTFN
JU
