[Lnc-business] Fwd: LP Web Site Building Fund page

Tue Jul 22 01:20:03 EDT 2014

Earlier this year we added the following provision to the Policy Manual:

*Section 2.03.17 -- Office Mortgage*
*It shall be the goal of the LNC to completely pay off the office mortgage
as quickly as possible, and in any case prior to the due date of the
10-year balloon payment. Towards that end the LNC shall budget a minimum of
$60,000 in each odd-numbered year to pay down the principal until the
mortgage balance is zero. Fundraising for this specific purpose shall be
made a high priority. This provision does not preclude additional
fundraising and pre-payments in even-numbered years.*

This means we're going to need to budget $60,000 in 2015 to pay down the
mortgage.  So the fact that we've raised $26,238 for the building fund in
less than three months, *after* the closing, is extremely encouraging.  It
suggests that a dedicated "pay off the mortgage" fundraising campaign next
year to raise that $60,000 ought to be quite feasible.

I have always been concerned about the risk that fundraising to purchase an
office might cannibalize other fundraising efforts.  However, a close look
at the evidence has convinced me that it is not a zero-sum game, and that
many donors who contributed to the office fund would not otherwise have
contributed that same money to the LP for other projects or the general
fund.  The more serious risk is that we are cannibalizing our staff's time
when we divert them to office fundraising instead of other efforts.  That
should be less of a problem during odd-numbered years when we aren't
concentrating as much on ballot drives and impending elections.

Dan Wiener

On Mon, Jul 21, 2014 at 6:37 PM, LP <wes.benedict at lp.org> wrote:

>
> Begin forwarded message:
>
> *From:* "Robert Kraus" <robert.kraus at lp.org>
> *Date:* July 21, 2014 at 8:19:23 PM EDT
> *To:* "'Wes Benedict'" <Wes.Benedict at lp.org>
> *Cc:* "'Nicholas Sarwark'" <chair at lp.org>
> *Subject:* *FW: LP Web Site Building Fund page*
>
>       Wes,
>
>
>
> Please feel free to forward. Yes we do need to update the page and the
> tracker. I will work on a new tracker to “pay off the mortgage!” but Erick
> can probably update the page based on the related LP news article.
>
>
>
> We’ve raised a total thru today of $416,538 gross towards the building not
> including expenses, down payment, etc.
>
>
>
> We raised $26,238 of that since May 1st (post closing). This is obviously
> an on going effort that folks want to contribute to and should remain a
> featured “project” until the mortgage is paid off.
>
>
>
> At this point pretty much everything we raised has been put towards
> expenses, build-out, moving related costs and the down payment. So we are
> pretty much as of today at zero with $500,000 to go to pay off the
> mortgage.
>
>
>
> Live Free!
>
>
>
> *Robert*
>
>  Robert S. Kraus - Dir of Operations
> Operations at LP.org
> Libertarian National Committee
> Ph: 202.333.0008 x 231
>
>
>
> **** WE HAVE MOVED ****
>
>
>
> *PLEASE NOTE: Effective June 1st our address is **1444 Duke Street,
> Alexandria VA 22314. *
>
>
>
>
>
>
>    size=3 width="100%" align=center tabindex=-1>
>
> *From:* SAM8074 at aol.com [mailto:SAM8074 at aol.com <SAM8074 at aol.com>]
> *Sent:* Monday, July 21, 2014 7:52 PM
> *To:* lnc-business at hq.lp.org
> *Cc:* wes.benedict at lp.org; robert.kraus at lp.org
> *Subject:* LP Web Site Building Fund page
>
>
>
> Wes or Robert,
>
>
>
> I thought that we had already bought an office condo and have moved into
> it yet our web site has the following active page requesting donations:
>
>
>
> http://www.lp.org/office-fund
>
>
>
> This is very misleading and I would like to know how much, if any, money
> has been contributed to this effort since the purchase closed.  Is it being
> held in a encumbered account as were the contributions prior to the
> purchase?  Will any contributions be used to pay down the principal on the
> mortgage?
>
>
>
> Having this contribution page still up might be interfering with efforts
> to raise money for ballot access,  candidate training, affiliate support or
> other important party functions.
>
>
>
> Please advise.
>
>
>
> Thanks and
>
>
>
>
>
>
>
> Live Free,
>
> Sam Goldstein
> At Large Representative
> IT Committee Chair
> Libertarian National Committee
> 317-850-0726 Mobile
> sam.goldstein at lp.org Email
>
>
> _______________________________________________
> Lnc-business mailing list
> Lnc-business at hq.lp.org
> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>

-- 
*"In general, we look for a new law by the following process. First, we
guess it (audience laughter), no, don’t laugh, that’s the truth. Then we
compute the consequences of the guess, to see what, if this is right, if
this law we guess is right, to see what it would imply and then we compare
the computation results to nature or we say compare to experiment or
experience, compare it directly with observations to see if it works. If it
disagrees with experiment, it’s WRONG. In that simple statement is the key
to science. It doesn’t make any difference how beautiful your guess is, it
doesn’t matter how smart you are, who made the guess, or what his name is.
If it disagrees with experiment, it’s wrong. That’s all there is to it.”*
-- Richard Feynman
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