Page 15 - GEORGES TREE SDA EBOOK

“They inherit a sum that must be invested separately from other assets. The capital remains intact; only the interest is used. George made sure to leave each organization sufficient capital to annually receive in perpetuity the amounts that he was donating when living. One of the funds will be used for scholarships at CUC, scholarships that will be awarded in his name.”
“But it must have cost him a fortune!” exclaimed Ann. “As far as I know, George wasn’t a millionaire. If he gave that much money to charitable organizations, there can’t be too much left for Francis and Natalie. Poor children, their mother died three years ago. Even if they both have careers, they won’t appreciate that George gave their inheritance to charity.”
“Sorry Ann, you just don’t get it,” interrupted Charles. “On one hand, you’re right, George wasn’t a millionaire, but he did have a good pension plan from the university where he worked and, as you know, he was very generous. After Nicole’s death, his needs changed. By selling his house and buying a condo, his expenses dropped. He was able to help various causes.”
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