In order to make better use of these donations, the University of Nyasaland has established a foundation to provide assistance to various departments under the University of Nyasaland, as well as the education and health system in Nyasaland. Abu Lai Eagle Fort, one of
The important purpose is to invite Phyllis to serve as the chairman of the foundation.
In fact, Phyllis already has a foundation under her name, and it is a foundation jointly established by Rock and Stoudemire. This foundation is also the largest and most powerful foundation in southern Africa, and the annual donations it receives are also in the millions.
Special and above.
Donating one million does not mean earning one million. The foundation established by Rock and Stoudemire not only provides foreign aid but also invests in foreign countries. The profits from the investment will also be used for foreign aid. In the past, this part of the investment was mainly through RAND.
Banks have been involved, and now Nyasaland Company has been added, and investment income has increased year by year.
"We now use 30% of our annual income for foreign aid. Last year, we donated four secondary schools and two hospitals in Nyasaland, with a total cost of 800,000 rand. The council will review the fund's
During this process, the board of directors found that some bad things happened, so we would like to ask Mrs. Nyasaland to serve as the chairman of the foundation to strictly implement the relevant regulations of the foundation and not turn good things into bad things.
"Abu is also helpless. Eight hundred thousand rand is not a small number. There will definitely be many problems during the implementation process. Corruption and misappropriation are not likely to occur. Extravagance and waste are unavoidable."
Most of the members of the Nyasaland University Foundation are the family members of Nyasaland staff. The income of these families is relatively high, so the illegal cost of corruption and misappropriation is too high, and no one will take the risk to test the law.
However, the family members of those experts and professors also have a problem. They have been in the environment of Nyasaland University for a long time and are well protected by Nyasaland University. It is not that they do not want to eat the fireworks of the world, but they cannot use the funds.
If you avoid it, you will make some common sense mistakes, which will also have a negative impact on the reputation of the foundation.
If Phyllis serves as the chairman of the foundation, although it is impossible to completely avoid similar situations, she can at least avoid rumors to the greatest extent and safeguard the honor of Nyasaland University. This is why Nyasaland University originally established the foundation.
The original intention is not to make profit, not to avoid taxes, and not to make money, but to better support Nyasaland.
Charitable foundations in southern Africa are different from those in the United States that have changed. Foundations in the United States have become tools for rich people to evade taxes. Foundations in southern Africa are relatively pure. Foundations are not established just because they want to.
Yes, only if an individual or company donates to a foundation recognized by the federal government, the donation can be used to deduct taxes, and foundation managers cannot use the name of the foundation to purchase goods for personal use, which avoids the foundation to the greatest extent.
Managers use their power for personal gain.
It should be noted that foundations in Southern Africa are also divided into public funds and private funds. Private funds are also recognized by the federal government, but they cannot accept social donations, and a part of their income must be handed over to the federal government for foreign aid every year to the greatest extent possible.
To prevent some private equity foundations from using donations to achieve ulterior motives.
The fund established by Nyasaland University, like the fund established by Rocksmith, is a public fund and openly accepts social donations.
The fund established by Roque to manage the assets under his name is a private equity fund. In addition to being unable to accept social donations, a portion of its income must be paid to the federal government every year.
Of course, the income from private equity funds can be as high as that. The Locke family's fund was just established this year, and the federal government probably won't receive any money.
Because the Locke Family Fund has a lot of external investments, it is estimated that the profit of the Locke Family Fund this year will not be too much, and it will be good if it does not lose money.
"It depends on whether Phyllis is willing, but I have to remind you that if you let Phyllis manage your foundation, you may spend all the foundation's money in one year." Rock said the ugly words first,
There are pros and cons to having Phyllis serve as president of the foundation.
As the wife of Nyasaland, Phyllis wholeheartedly manages Nyasaland as Rock's territory. Specifically, Rock is responsible for making money, and Phyllis is responsible for spending money, because Xiaosi's wife stays in Sol all year round.
Alsbury rarely left, so Phyllis was actually responsible for managing the foundation established by Rock and Stoudemire.
The foundation managed by Phyllis makes external donations of more than 1.5 million rand every year.
"It doesn't matter, you can make money after you spend it. The annual income of the foundation is more than 1 million rand. If my wife is willing to serve as the chairman of the foundation, Nyasaland University will donate another 1 million to the foundation every year, and you can spend it as you like.
"Abu is generous, and any problem that can be solved with money is not a problem.
"One million! So rich!" Rock didn't even know that Nyasaland University was already so wealthy.
Unlike other universities in southern Africa, the tuition fees at the University of Nyasaland are very high. The annual tuition for an average student is more than 150 rand, which is higher than the income of a middle-class family in the UK.
R150 sounds like a lot, but it's actually not much. A farm with an area of 200 acres in the three northern states can earn more than R300 per year. If it doesn't meet this standard, it can be classified as poorly managed.
The average annual income of urban families is less, but it is not difficult to come up with 150 rand, and students can also apply for student loans. Nyasaland University will re-distribute part of the student loans to students in the form of scholarships every year.
Another source of income for Nyasaland University comes from the more than 50 laboratories affiliated to Nyasaland University. The profits generated by these laboratories every year are staggering. The annual profits of the laboratory managed by Abu are more than one million rand.
, about 50% of these profits are turned over to the University of Nyasaland.
Speaking of this, Rock had no reason to refuse and sent Abu away. During dinner in the evening, Rock and Phyllis mentioned this issue casually.
"How long has it been since you cared about the foundation? The foundation spends a lot of money, but it also makes a lot of money. Since its establishment, the foundation's assets have grown by more than 50% every year." Phyllis
I am very dissatisfied with Roque's neglect. He can be called a financial expert at 50% every year.
"So many?" Roque was surprised. What kind of financial expert is this? His ability to collect money can be called a miser.
Phyllis rolled her eyes generously, and while eating, she was careful not to let Rose, who was sitting in the baby chair next to her, get the food up her nose.
Rose is the youngest daughter of Rock and Phyllis. Phyllis finally fulfilled her wish of having a son and a daughter, and it’s “good” with capital letters.
Fertility is encouraged throughout southern Africa, and Nyasaland is no exception. As the first family in Nyasaland, Roque and Phyllis must set an example. Now Roque and Phyllis have two sons and two daughters.
Lanzhou has set the best example.
"It is also possible to manage the Nyasaland University Foundation. Our foundation has focused on the placement of veterans in the past two years. It can effectively complement the Nyasaland University Foundation, with wider coverage and greater influence."
Bigger." Phyllis's life does not revolve around children. If Nyasaland is regarded as a big family, Phyllis plays the role of the hostess very well.
In the past two years, Nyasaland's most important work has been the resettlement of veterans, especially disabled veterans.
This work is very important to the Nyasaland state government. After the end of the world war, more than 100,000 soldiers in Nyasaland alone took off their military uniforms and returned to the local area. Many of them joined the local police or Brad
The office has become a security officer, and more people have returned to their farms to become a new generation of farmers or small town police officers. Even though these jobs are inconspicuous, they are of great benefit to the stability of Nyasaland.
Members of the expeditionary force in Southern Africa who participated in the World War, as long as they received medals, could receive corresponding awards from the federal governments at all levels in Southern Africa every year. During the World War, a total of more than 500,000 people in Southern Africa received awards for their meritorious service. Federal governments at all levels
The government awards more than 20 million rand to these meritorious personnel every year. Now the federal government's finances are relatively comfortable, so this money is not a problem, but the burden will become heavier and heavier in the future.
The foundation managed by Phyllis, through the Military Service Society and the Rifle Association, cooperates with the Nyasaland State Government on this issue to the greatest extent possible in the resettlement of veterans. In Cape and Orange States, some veterans have been injured due to resettlement.
The work did not go smoothly and there were some disputes with the local government. This problem has never happened in Nyasaland.
"Can't you help Rose?" Rock felt distressed. Rose hadn't learned to eat yet, and the food was all over her face. Phyllis was completely indifferent.
"We will clean it up after eating. Now let her eat by herself. From now on, we must cultivate her independence." Phyllis has her own way of educating her children and does not want Roark to interfere at all.
For a family like Roque, not only will the requirements for their children not be relaxed, but they will also be stricter. Phyllis never lets Roque get involved in educating her children, and she does not need help from others.
Of course, Phyllis would definitely not do the laundry and cleaning by herself. For such a big Eagle Castle, it would be entirely up to Phyllis to clean it herself, which would tire Phyllis to death.
"She's still a child!" Rock couldn't accept it, and finally shouted this wise saying——
"What's wrong with the child? Can children break the law and commit crimes with impunity?" Phyllis is extremely determined on the issue of educating children. These days, the rights of adults cannot be universally protected by law, let alone minors.
Rose didn't know that she had said so many words over a meal, so she looked at Roark and smiled happily with his mouth wide open.
It’s true that Rock doesn’t have many opportunities to have dinner with his family.
: Army Day - I originally wanted to create some conflict and write some interesting plots, but after thinking about it, I decided to forget it and write it tomorrow. I want to be harmonious today -