Cultural Growth Fund

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Cultural Growth Fund

Musicians, artists, and authors of various creative and technical works are often paid on an irregular basis. These funds must be deposited and nursed to carry you over to the next time you are paid. Even though the earning may be sufficient for day to day expenses, it would be much better if the funds could be placed where the funds themselves could earn substantial income for you.

I have found such a program. I have seen others be successful, that is, I have the seen the acceptance of their funds and the committment to pay regular income and I have seen the first checks that pay this commitment. I myself am submitting funds to the program.

It quickly occured to me that this program will benefit most artists and creative workers. Therefore I decided to form an investment club so that others can take part in the program. All funds of the members of the club will be pooled into a single account which will be placed in the program. All income resulting from this account will be returned to the members in a ratio corresponding to the ratio of funds each member has placed in the account. This will be paid out to the members as it comes in, which is scheduled monthly.

Only minor expenses such as bank fees and the cost of mailing will be deducted. There is no maintenance or administrative fees. All of the account records will be available to verify this.

The club does not provide surety for the funds submitted by the members. We are taking the same risks the members will take. However, this particular program has been in operation for five years.

SUMMARY

Available to members only.
Funds are accepted in one thousand dollar increments.
Principal stays in the fund for one year and is then returned.
Acceptance of the funds take effect of the first of the following month.
Ten percent per month is paid each month for twelve months.
Payments begin thirty days after acceptance of funds.
Increments of one thousand dollars can be added later to the account.
These increments remain in the fund for one year.
There is no guarantee that the program will renewed after the one year
But the program has been renewed each of the last five years.
This club is designed for individuals but arrangements for organizations can be made.

Application for Membership (to join the Cultural Growth Fund, no fee required)

Tranmittal of Funds (for submission of funds)

For more information or questions