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Go Back   KOTR Forums > Initiatives > Suggestions/Ideas

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  #1  
Unread 04-01-2010, 12:36 PM
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shanja shanja is offline
verticalcult
 
Join Date: Apr 2004
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Condolences/ Emergency Relief Fund

It's a terrible truth, but accidents and even deaths DO happen within our hallowed circle of climbers. Sometimes it's whilst climbing, sometimes not. Anyways, I was thinking it would be nice to have a modest fund "in waiting" to pay for the sending of an official KOTR wreath etc in the event of a significant death/ injury etc. It need not specifically be a KOTR member, but rather as someone to whom we feel a significant bond, that metaphysical connection of shared empathy/ life. A world figure, a family mamber, a Korean climbing friend etc
I guess the Council could assess each claim on it's merits, but I doubt it'd be hard to figure out which cases were worthy, and hopefully this fund/ account would be called upon but rarely. A voluntary donation towards it's maintainence by members and a publicly viewable buget of finances therein is all I think we'd need (oh, and an account name, bank and number so people could donate easily whenever they saw fit). I dunno whether such accounts should be anonymous or donors made public...what thinkest you?
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Unread 04-01-2010, 09:04 PM
bhylenski bhylenski is offline
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I've written something up for this, last week. And have been looking into legally how to go about setting this up. I don't believe anyone will disagree with this idea and it's one of many steps we need to take over the coming months. I'll update you more with what I find out next week. If anyone out there has any experience with this sorta legal entity here in Korea, please let us know. or refer your contacts to us.
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Unread 04-02-2010, 12:11 AM
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I'd rather it stay localized. . . someone in the community, or a Korean climber who was well-known in the foreign community . . . the examples you gave in the other post are excellent. . . overextending this though is a waste. . . to send condolences to someone we didn't know who didn't know us?

Setting up a non-profit in the USA was hell! My neighbor here is a lawyer, though. . . he knows a bit about Korean law and I could ask him. . .
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Unread 04-02-2010, 02:25 PM
bhylenski bhylenski is offline
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Check it out

Hey Sonia,

Please see what your neighbor says. Because we're talking about an account that will more then likely have less then 3-5 million won in it. Most of the folks I have spoken with said it would be easier to manage and because of it's small size not be taxed, if we simply setup a personal account. I'm not sure how legal that is, so I'm looking into that as well.

I'm sure we'll get lots of opinions, but I'd love to sit down with someone, like a business lawyer, who can give us the "legal truth."

Any suggestions?
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Unread 04-03-2010, 01:43 AM
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Darren is a lawyer from the USA, but he was full of legal advice during our faculty meeting Thurs. . . he seems to have taken an interest in Korean law. Also, I juast picked up a Korea Times in Busan where they announced most Korean law now being available in English. . . but I'll talk to Darren. . .
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Unread 04-09-2010, 04:37 PM
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i believe it's possible to transfer money to an account with a message/purpose specified (which could be a statement of purpose). perhaps we could give out the account number and then, if a situation is brought up that people may wish to donate for, they simply choose which cause to contribute to as they transfer their money...i'll have to see if this is available through all korean (or other) banks and find more details about how it can be done. does anyone else out there know anything about this?
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