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As you may be aware, the Senate Finance Committee has expressed an interest in investigating the Central Steel & Wire/Conserve School issue. We need them to be aware and actively participate in stopping the current actions of the trustees.
Please take time today to express your concern directly to them through a letter. Recruit spouses, family members and concerned community members to do the same, print letters out for them to sign. Two examples of a letter are included on the following pages to get you started - feel free to use portions of the examples. If you use the letters as is, be sure to add your name and address at the top, and in the closing.
Together, we will increase the volume of our voice!
US Senate Finance Committee
Committee On Finance
219 Dirksen Senate Office Building
Washington, DC 20510-6200
(202) 224-4515
The above site leads to contact information for each committee member.
Key Members
Chuck Grassley
Senator Grassley is particularly interested in mishandling of public dollars including money held in non-profit trusts.
Washington Office:
Senator Grassley
135 Hart Senate Office Building
Washington, DC 20510-1501
(202) 224-3744
Orin Hatch
Senator Hatch is a long time environmentalist
Washington DC Office
Senator Hatch
104 Hart Office Building
Washington, DC 20510
Tel: (202) 224-5251
Fax: (202) 224-6331
Jay Rockefeller
Senator Rockefeller has worked with steel companies & workers.
Washington, DC Office
Senator Rockefeller
531 Hart Senate Office Building
Washington, DC 20510
(202) 224-6472
(202) 224-7665 Main Fax
Debbie Stabenow
Michigan - your senator is on the committee!
Washington, DC Office
Senator Stabenow
133 Hart Senate Office Building
Washington, DC 20510
Phone: (202) 224-4822
TTY: (202) 224-2066
e-mail: senator@stabenow.
Upper Peninsula Office
Senator Stabenow
1901 W. Ridge
Marquette, MI 49855
Phone: (906) 228-8756
{Your Name}
{Your Address}
March 11, 2009
U.S. Senator Chuck Grassley
135 Hart Senate Office Building
Washington, DC 20510-1501
Dear Senator Grassley:
You should be aware of a breach of fiduciary responsibility of the Trustees of an Illinois Charitable Trust, the Conserve School Trust, of Chicago, Illinois.
We believe that the Trustees have materially harmed the beneficiary of the trust, the Conserve School Corporation, a Wisconsin non-profit corporation, due to a conflict of interest admitted to by the Trustees and have breached their fiduciary responsibility to uphold the terms of the trust to further their own personal financial interests.
The Trustees of the Conserve School Trust are also the Officers of the Conserve School Corporation and are the Board of Directors for Central Steel and Wire (with its headquarters in Chicago). The Trust controls 59.02% of the voting stock of Central Steel and Wire.
In a meeting on February 1 with 15 parents of Conserve students, Ron Kazmar and John Calhoun in their dual roles as Trustees of the Trust and Officers of Conserve School, verbally confirmed to the parents their conflict of interest in their roles. They went on to state that their first priority is Central Steel and Wire, second the Conserve School Trust, and the last priority was the beneficiary of the trust - Conserve School Corporation. Further confirmed by the Trustees was that the Conserve School Corporation is not an asset of the Trust and is an entirely separate entity that is an income beneficiary of the Trust.
The Conserve School Trust (an Illinois domiciled trust) provides the primary funding of the Conserve School Corp. According to the Trustees, the Trust has approximately $180,000,000 in assets in stocks and bonds of which approximately $138,000,000 is in the stock of one company, Central Steel and Wire of Chicago.
The Officers of Conserve School Corp. on January 30th informed the students, staff and parents of a "restructuring" of the Conserve School in Land o’ Lakes, Wisconsin, from a four-year college preparatory school with an emphasis on environmental stewardship, ethics and leadership. To a semester school with emphasis on the environment, much like a study abroad or a semester at sea program. The students, parents, faculty, staff, and general public are being told the restructuring is due to the current economic climate.
We believe that the Trustees of Conserve School Trust are acting in their own self interest due to their multiple conflicts of interest that has induced them to shirk their responsibility to the Conserve School Trust thereby detrimentally affecting the trust beneficiary, the Conserve School Corporation students and the large community.
We respectfully request that the U. S. Senate Committee on Finance investigate the behavior of the Trustees of the Conserve School Trust to insure the protection of the beneficiary and the greater public good.
Because the Trust controls the largest block of voting stock of the Central Steel and Wire, the Conserve School Trust Trustees have no motivation in doing what is in the best interests of the Conserve School Trust if it conflicts in what they feel are the best interests of Central Steel and Wire, the Conserve School Trust, and themselves.
The Conserve School in Land O’ Lakes, Wisconsin, is a four-year college preparatory school with an emphasis on environmental stewardship, ethics and leadership. The restructuring will detrimentally affect the lives of 150 school children, their families, the faculty and staff (many will lose jobs and on-campus housing in addition to their jobs), and the community.
Conserve is a diverse school where 34% of its students are of color, 25% are international, and 71% of the students receive financial aid with the average financial aid grant amounting to over $23,000. Conserve school is a place that holds promise for many of the ethical, environmental and educational problems our country is facing. A quick review of the Boarding School Review will illustrate why it is in the Top 20 of 244 boarding schools in the nation in seven categories. The school is heralded by educators, environmentalists, and the media. It is a unique school about to be irreparably changed.
For the well being of the Conserve School Trust beneficiary and the greater public good, we implore you to investigate this matter.
Enclosed is a copy of the Conserve School Trust and an article that appeared on the front page of the New York Times Business Section on March 7, 2009.
We thank you in advance for your swift attention to this matter.
Sincerely,
{INSERT YOUR NAME(S) and SIGN ABOVE}
Parents of Conserve School Student {STUDENT NAME and CLASS}
Here is the contact information for two of the Conserve School Trust Trustees.
Ronald V. Kazmar James E. Rinn
Managing Trustee Secretary
Conserve School Trust Conserve School Trust
CENTRAL STEEL & WIRE CENTRAL STEEL & WIRE
ph: 773-471-3800 ph: 773-471-5958
800-621-8510 800-621-8510
Fax: 800-232-9279 Fax: 800-232-9279
ron_kazmar@ jim_rinn@
{Your Name}
{Your Address}
March 11, 2009
U.S. Senator Orrin G. Hatch
104 Hart Senate Office Building
Washington, DC 20510
Dear Senator Hatch:
You should be aware of a breach of fiduciary responsibility of the Trustees of an Illinois Charitable Trust, the Conserve School Trust, of Chicago, Illinois.
We believe that the Trustees have materially harmed the beneficiary of the trust, the Conserve School Corporation, a Wisconsin non-profit corporation, due to a conflict of interest admitted to by the Trustees and have breached their fiduciary responsibility to uphold the terms of the trust to further their own personal financial interests.
The Trustees of the Conserve School Trust are also the Officers of the Conserve School Corporation and are the Board of Directors for Central Steel and Wire (with its headquarters in Chicago). The Trust controls 59.02% of the voting stock of Central Steel and Wire.
The Conserve School in Land O’ Lakes, Wisconsin, is a four-year college preparatory school with an emphasis on environmental stewardship, ethics and leadership. Conserve is a diverse school where 34% of its students are of color, 25% are international, and 71% of the students receive financial aid with the average financial aid grant amounting to over $23,000.
Conserve school is a place that holds promise for many of the ethical, environmental and educational problems our country is facing. The school is heralded by educators, environmentalists, and the media. It is a unique school about to be irreparably changed.
In a meeting on February 1 with 15 parents of Conserve students, Ron Kazmar and John Calhoun in their dual roles as Trustees of the Trust and Officers of Conserve School, verbally confirmed to the parents their conflict of interest in their roles. They went on to state that their first priority is Central Steel and Wire, second the Conserve School Trust, and the last priority was the beneficiary of the trust - Conserve School Corporation. Further confirmed by the Trustees was that the Conserve School Corporation is not an asset of the Trust and is an entirely separate entity that is an income beneficiary of the Trust.
We believe that the Trustees of Conserve School Trust are acting in their own self interest due to their multiple conflicts of interest that has induced them to shirk their responsibility to the Conserve School Trust thereby detrimentally affecting the trust beneficiary, the Conserve School Corporation students and the larger community.
We respectfully request that the U. S. Senate Committee on Finance investigate the behavior of the Trustees of the Conserve School Trust to insure the protection of the beneficiary and the greater public good.
The Conserve School Trust (an Illinois domiciled trust) provides the primary funding of the Conserve School Corp. According to the Trustees, the Trust has approximately $180,000,000 in assets in stocks and bonds of which approximately $138,000,000 is in the stock of one company, Central Steel and Wire of Chicago.
Because the Trust controls the largest block of voting stock of the Central Steel and Wire, the Conserve School Trust Trustees have no motivation in doing what is in the best interests of the Conserve School Trust if it conflicts in what they feel are the best interests of Central Steel and Wire, and themselves.
The restructuring will detrimentally affect the lives of 150 school children, their families, the faculty and staff (many will lose jobs and on-campus housing in addition to their jobs), and the community.
For the well being of the Conserve School Trust beneficiary and the greater public good, we implore you to investigate this matter.
Enclosed is a copy of the Conserve School Trust, and an article that appeared on the front page of the New York Times Business Section on March 7, 2009.
We thank you in advance for your swift attention to this matter.
Sincerely,
{INSERT YOUR NAME(S) and SIGN ABOVE}
Parents of Conserve School Student {STUDENT NAME and CLASS}
Here is the contact information for two of the Conserve School Trust Trustees.
Ronald V. Kazmar James E. Rinn
Managing Trustee Secretary
Conserve School Trust Conserve School Trust
CENTRAL STEEL & WIRE CENTRAL STEEL & WIRE
ph: 773-471-3800 ph: 773-471-5958
800-621-8510 800-621-8510
Fax: 800-232-9279 Fax: 800-232-9279
ron_kazmar@ jim_rinn@
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