the  m p w c Foundation,  inc.  

The history of the growth of this estate is as follows.  All figures are based (at least during the Founder's life) upon actual results through the current year, followed by estimates thereafter.  The figures are shown in USA dollars ($000 omitted)

(**) it should be noted that during the years prior to 1995, the Founder lived in Manhattan (New York, NY 10022) and worked and earned income (and spent NYC living costs) which effected the total of, and the changes in, his estate.  Starting in 1995, he ceased to earn income from any working source and his expenditures were those of a full-time resident of San Miguel de Allende, Gto., Mexico.  For historical reasons, no exact figures now exist for the years prior to 1985.  However, reasonable estimates put them at the following dollars at the following year-ends:  1960-$5.0 (that is, us$5,000), 1965-$10.0, 1970-$40.0, 1975-$100.0, 1980-$225.0

(**) also, the 4% average increase that we use as an estimate for future years, is exceedingly conservative as a NORMAL 5-year and 10-year average, and even more so, 20-year average, should be approximately 10%, which is consistent with the general market as well as our own history. 

The years 2008 - 2011 (and the near-term foreseeable future) were and are years of international financial turmoil.  We are confident that the financial system, given a reasonable and fair amount of time to correct the problems that caused the turmoil (which problems were caused due to the lack of financial regulation for so many previous years), will return to the norm once again.  We do not predict whether this will take two years or ten years, but we do predict it WILL occur.