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Old 02-16-2011, 10:48 PM
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cabo35 cabo35 is offline
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Quote:
Originally Posted by Challenger View Post
The Villages Regional Hospital System, it's Foundation and parent organization(CFHA) are all legitimate not for profit entities. Contributions to any of these are generally tax deductible to the donors. Their literature indicates they have embarked on a cooperative effort with Moffitt Cancer Centers(also a not for profit.) If a Morse is involved with one of these entities he most likely serves as an unpaid director or trustee. Not for profits have limitations on payments to such officials and as I recall they are limited to out of pocket expenses of the receiving party related to travel/attendance costs. The boards of the organizations have a fiduciary duty to see that expenses including rent payments are reasonable( usually defined as at market) even if the lessor is associated in some way with the organization. A director/trustee involved in such a leasing arrangement should abstain from voting to approve such a transaction. At this point I see nothing that would lead me to believe that this is not an effort that villagers should support. Of course we are all free to decide which projects we will contribute to, but much of the criricism that I read in the TOTV seems to relate to a dislike of a Morse and not the value of the project. If my understanding of the situation is not accurate, I would be happy to hear from others. However please don't impune my motive in posting here. We've heard enough of that.
Thank you for an informed, articulate representation of the facts. You have defined the circumstances fairly and objectively leaving room for those who disagree with the latitude to do so. Well done.