Quote:
Originally Posted by Parallex
Yeesh, that's embarressing... 30 cents on the dollar. Who's in charge of the foundation?
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Again....because they've been stuffing cash into a reserve fund rather than donating it. They may have a large plan for that cash, perhaps a number of scholarships, I dont know.
Admittedly thats a large reserve for a charity to be holding, but again, its not like its the Flames' Ownership's personal 'Hookers and Blow Fund.'
It will eventually be donated or directed into some sort of charitable endeavour, but their holding it in reserve skews the information used to arrive at that $0.30 ratio.
Its still unusual to have a reserve that large.