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the m p w c Foundation, inc. |
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The founder's estate is conservatively valued at, and after-death distributions are to be made from, the following amounts. All values are in thousands of US dollars (in other words, $000 omitted). Values shown are as of various year-end December 31st dates (1996 being the end of the first year of the Founder's San Miguel attempts at philanthropy when he made an initial pledge to donate only his house - which cost approximately us$500,000 - to local charities after his death):
Some notes of importance to the reader of this page: ** house is included above at its out-of-pocket cost of us$533,000. 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 then until recently. In August 2005, the house was appraised at well over us$1,000,000, and more than us$500,000 higher than the value included in above computations. For the above computations, the house remains valued at its cost of us$533,000. The years 2008-2010 were years of world-wide economic turmoil and the value of the house at this subsequent time is unknown although still probably higher than its 1996 cost. note #1 - for the background and history of these amounts, see history & estimates
Lastly, 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 the section of history&estimates that estimates future years.
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“Underpromise and Overdeliver” Some, but not all, pages on this web-site were selectively modified as recently as the date shown at the bottom of the MPWCF homepage. This entire web-site is copyrighted © 2000-2011 by The Michael Paul Wein Charitable Foundation, Inc BROKEN LINKS, QUESTIONS OR COMMENTS about this web-site? E-mail us at mpwcfoundation@gmail.com. SPECIFY EXACTLY (using "copy" and "paste") (and include the page name, i.e., the URL link) that your question or comment refers to. |