Originally Posted by
Bob Gillanders
Excuse me,.....you can not just arbitrarily increase the funds flowing from the Pugi fund.
It is a separate fund within the Foundation, and we are obligated to honour the wishes of the donor, Kalev Pugi.
As I understand it (maybe I am wrong), but the instructions to the trustees are that the earnings only ($820) are to be distributed annually to deserving youngsters, but that the principal portion be held in perpetuity.
I am not saying it isn't a good idea, just that we need to comply with the rules. May we hear from a Pugi fund trustee please.