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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.
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