Quote:
Originally Posted by Locke
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.
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Hmm, my take was the the other portion of the donated money was going to overhead costs, not into a fund that will later be used for scholarships or something. If the money were destined for a charitable purpose, wouldn't it have been added to the total going to charities?