The Michael Paul Wein Charitable Foundation
"Underpromise and Overdeliver"
The founder's estate is conservatively valued at, and distributions are to be made from, the following amounts. All values are in thousands of US dollars (as in $000 omitted). Values shown are as of various year-end December 31st dates:
** house is included above at its out-of-pocket cost of us$520,000. However it was appraised by 3 separate and independent local appraisers at values of us$675,000, us$695,000, and us$700,000 in October 2001, and San Miguel property values (especially in the centro area where the house is located) have steadily increased since 2001. In August 2005, the house was appraised at us$1,000,000, almost us$500,000 higher than the value included in above computations.
It should be noted that there are
clauses in the founders will to protect him from harm. If there
was any possibility
that his death or disability was from unnatural causes, such as from murder,
abuse, or other harm caused by
either friends or foes, including medical malpractice, the
duty of the executor or
executrix is to allot
us$x00,000 ($x00.0 of the above) to a fund
which is to be used to
Investigate, pursue, and
then prosecute the
Another provision in the founders will that ensures continuation of the Founder's wishes can be read by you at the very bottom of founders will (written in larger print and in the color red). This ensures outsider's independent review of the Foundation's operations after the Founder's death.
It should ALSO be noted that the above endowment will most probably increase significantly as the years go on. See more about the expected increases in history&estimates.
For informational purposes only, the "estate's entire value (except house is valued only at cost **) on" line was valued at us$7,042,000 as of November 22, 2005, and the preliminary value as of December 31, 2005 is $6,998,000. Even more current information may be found at our recent status web-page
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