| Ross
M. Morrison, Jr., President of the Grandfather Mountain Highland Games, shares
these thoughts: "When the Clans gather at the Grandfather Mountain Highland Games
in July, 2003, we will remember a friend and one of the guiding forces, Robert
W. (Bobbie) Groves, Jr."
Bobbie
passed away on September 1, 2000, following a lengthy illness. A volunteer at
the Games from the very first, there was nothing to which he had no turned his
hand. Over the years Bobbie had faithfully served as Field Marshal, Director and
President of the Games, and most recently was Chairman Emeritus. In 1983 he and
his wife Cornelia were awarded the Agnes MacRae Morton Award for their outstanding
contribution to promoting Scottish heritage at the Grandfather Mountain Highland
Games, and in 1996 he was our Guest of Honor.
Bobbie's dedication to the Games grew out of his deep-rooted love of the Scottish
heritage and a friendship that spanned more than three decades with Games' cofounder,
Mrs. Agnes MacRae Morton. "His
hard work and wise counsel will be sorely missed. But instead of mourning our
loss, we would like to celebrate Bobbie's life and acknowledge his years of dedication
to the Games in a tangible memorial. Bobbie's friends from around the world have
led the way with financial contributions to establish an endowment fund in his
name. "With your
help, the Robert W. Groves, Jr. Endowment Fund will secure the future of the Grandfather
Mountain Highland Games. Please join us in honoring one of the great men of the
Scottish American world…one who has translated his enthusiasm for his heritage
into years of hard work to benefit all who visit the Grandfather Mountain annually
to enjoy the Highland Games and Gather of Scottish Clans.
We cordially invite you and your Clan or Society to be part of this vitally important
work. I have appointed Royce Neil McNeil to chair the endowment fund committee.
Your charitable gift is tax deductible because the Grandfather Mountain Highland
Games is a nonprofit 501C(3) organization. Our federal employer I.D. number is
56-6093513. Yours
aye, Ross M. Morrison, Jr. President, Grandfather Mountain Highland Games. Objective
of the Fund: To provide long-rage support of the Grandfather Mountain Highland
Games Inc. by enhancing the cultural and educational programs and properties made
available to the clans, societies, and general public. Funding
Arrangements: Initial funding will be accomplished by June 30, 2001, through gifts
by friends of Robert W. Groves, Jr. and the Grandfather Mountain Highland Games.
All rights are reserved to continue adding to the fund beyond the initial solicitation.
To ensure compliance with the IRS guidelines regarding charitable deductions associated
with donations to this fund it is agreed that dominion and control of donated
assets are conveyed to the Grandfather Mountain Highland Games/ Robert W. Groves,
Jr. Endowment Fund. Giving appreciated stocks or bonds is a wonderful way to support
the fund. Endowment Payout: The endowment payout amount will only apply
to the interest derived from the endowment principle and cannot begin until June
30, 2005. Payout of interest will vary in accordance with investment performance,
accrued earnings, current conditions and policy of the Grandfather Mountain Highland
Games Board of Directors. Fund
Investment and Management: Endowment principle will not be invaded for any reason.
Use of funds, beginning June 30, 2005, will be derived solely from endowment fund
investment earnings. The investments of fund principle shall be subject to the
objectives of prudent and reasonable business principles. Management shall be
in accordance with applicable law, generally accepted accounting standards and
practices and to resist the ravages of inflation. An annual accounting of the
endowment's status will be made available by Grandfather Mountain Highland Games,
Inc. as required by applicable law. Dissolution:
All assets of the Robert W. (Bobbie) Groves, Jr. Endowment Fund, in the unlikely
event of the dissolution of Grandfather Mountain Highland Games, Inc. shall be
given by way of gift to the Scottish Heritage Center of St. Andrews Presbyterian
College at Laurinburg, N.C. |