Re: theos-talk Transparency of the Trust handling TSA assets
Apr 20, 2011 05:40 PM
I ran into a very interesting letter from a life time member of TSA, which
talks about TSA and TIT.
The author of the letter states:
"Why even send out annual dues statements? Olcott certainly doesnât need
your money. The TSA investment board has plenty of money. The Theosophical
Investment Trust board is totally in the hands of the TSA politicians, those
leaders we have elected to serve.
And the elections we hold to select these leaders who serve the Theosophical
Society have become pretty cut and dry, havenât they?"
It looks like the non response of the Trust to provide me with the
information about its setup, operation, appointment of trustees etc could be
explained by the mindset reflected in the above observation.
The current disclosure situation with exempt organizations has changed and
the big brother with the big stick is there to help you and me, ordinary
folks who pay our yearly taxes.
I am still waiting for a response for my request and I hope there will not
be any need to get help from our big brother to nudge the bureaucrats to
There is no religion higher than truth.
On Tue, Apr 19, 2011 at 10:10 PM, MKR <mkr777@bycccJrtDIc4EE1paAnmpVc_gzGZM-7dn9YfCjv5L0yU6SRgZgx--RV7HbsxEtNviOlOcFwSv_k.yahoo.invalid> wrote:
> Since the start of the now famous 2008 International Elections, we had a
> of very interesting exchange of messages on this list. One of the themes
> that was highlighted was the warning from Master KH to Annie Besant in the
> famous 1900 letter - âMisleading secrecy has given the death blow to
> numerous organizations.â
> One of the great secrets in the American Section are the details of the
> setup of the trust which manages the multi-million dollar funds and how the
> trustees are appointed/elected and their terms of office.
> More than a decade ago, during the administration of the previous
> when I requested the documents, I could not get them and the only recourse
> then was thru a court and it would be very expensive and only a fat cat can
> afford such expense. It was amazing why the then administration wanted to
> keep the details secret. Usually there could be some information which may
> raise other questions.
> Since that time, the situation has changed. Today, all tax exempt
> organizations are required to disclose all organizational information when
> anyone in the public requests. This is to provide transparency of operation
> of tax exempt organizations.
> A month ago, I sent in a request to the Secretary of the Trust for
> organizational information and I am yet to receive them even though
> such requests should be responded to within 30 days.
> I am following up on this and let us see what we find out about the setup
> the trust, selection of the trustees, their term of office, etc.
> I am very hopeful the request will be responded to since in case of failure
> to do so, there are very easy alternate means of making the trust to comply
> with the request.
> Again, the arm of an organization such as TS should be promptly forthcoming
> and responsive to a legitimate request from a long time dues paying member,
> and one wonders why there should be any reluctance about complying with a
> request. Keep tuned in for further developments.
> There is no religion higher than Truth
> [Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
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