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Chapter 22 – Thanksgiving Week
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Tina: How much are you thinking?
Bette: Around $5,000 per month. And it will probably, go on for the next 10 years for her. That is going to be $600,000 over a ten-year period.
Tina: That’s a lot of money. That’s about the cost of the house for Angie.
Bette: Yeah, it is. But, look what we get for our money. We get a young woman who hopefully will be a more grounded citizen who will be more productive for the society.
Tina: And how do you know that, Bette Porter?
Bette: Struggle makes people more determined to achieve what they want to achieve. It makes them more industrious. But when people receive some help or a boost during their struggles, it makes them more apt to pay it forward. When they see the achievements and know that it was the result not only of her own hard work, but the result of the generosity of strangers. And that generosity sometimes encourages charitable giving to their own causes. There are no guarantees of course. I think that eighty percent of charitable giving come from those who have either experienced benefits from charitable organizations or know someone who has benefited.
Tina: You remember that our trust will not be a charitable organization.
Bette: But Suzanne will not know that. She will assume that it is just as the other scholarship and student aid resources. Since the funds are private and there is no tax deduction anywhere for this money. It is literally a gift or loan to a private individual.
Tina: You better have the tax people look at this transaction. If we owe taxes, let’s get them paid as we go.
Bette: Oh, absolutely. Do we have a plan?
Tina: Yes, we do. Now where are you going to take the money from?
Bette: Paris said most of my art collection has sold. I thought I might take it out of those proceeds.
Tina: Aren’t those your funds?
Bette: Not really, I’m treating them as our joint funds. We accumulated most of that art when we have been together, so the proceeds belong to both of us. They will either go to pay our joint bills or into our joint investments if we have excess.
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Great solution for helping Suzanne. I also like the various positive ways for her to repay the loan. Maybe 10 years down the road as she repays the loan it gets distributed again. When she has paid it off they can tell her the truth and they all can create an on going scholarship for deserving Yalie with B & T millions!!!!
So, get writing those 10+ years.
Thanks, I love your work!
You do realize that Suzanne’s solution originated with the investigation of Melvin Porter? Its one of the things that I admire about Bette. She absorbs the nuggets of wisdom which appear from various sources. I do like the fact that Bette and Tina want to help Suzanne but do not want Suzanne to be aware of where this help is coming from. And with this solution, neither Angie nor Suzanne will be in a position of being obligated to the other. If for some reason, their friendship sours, Suzanne will keep her support. And if anything should happen that Bette and Tina do not survive until Suzanne finishes her education, the money will still be there to assist her.
I like Suzanne as a friend for Angie… I like that she has red hair and is studious like Angie and perhaps a little more so. Do not look for any romance ever between Angie and Suzanne… that is just not in the cards and it would be a disaster for both of them.
Thank you for reading and commenting… I appreciate you pointing out Suzanne’s solution.