Thursday, August 5, 2010
$1,000,000.00 donation to the IJA
It was recently announced that an anonymous donor has offered $1,000.000.00 to the IJA. It will come in the form of $50,000 payments annually for 20 years. Of this $50,000: $5000 must be used for the newly established Education programs, $20,000 must be spent annually on enhancing the convention and it must be spent on bringing something new or a new element to the convention and not on normal operating expenses, $25,000 of the annual payment cannot be spent and must go into an interest bearing account and cannot be spent for 20 years. Looks like the IJA's money problems are over for now. Thanks to this donor whoever/wherever you are for saving the IJA's financial woes.