Subject: RE: To clarify from our Board Call yesterday...
From: "Debbie Fine" <[email-masked]>
To: "John Podesta" <[email-masked]>, "Amy Dacey" <[email-masked]>
Date: Tue, 24 Jun 2008 10:50:10 -0400

great.  tx. 

-----Original Message-----
From: John Podesta [mailto:[email-masked]] 
Sent: Tuesday, June 24, 2008 10:44 AM
To: Amy Dacey
Cc: Debbie Fine
Subject: Re: To clarify from our Board Call yesterday...

Amy,
Can you copy Debbie Fine on the draft. Thx.

On 6/24/08, Amy Dacey <[email-masked]> wrote:
> We are currently drafting a letter/memo to the 124 list of donors and 
> will have a copy for your review today.  After this is legally vetted 
> and Board approved we will send tis out to the donors.  Michael 
> Vauchon has suggested not sending out a press statement but let the 
> donor letter get out and serve as our notice.  After that we will talk

> no additional press calls or make additional statements to the press.
>
> An agreement was made by the Board yesterday to suspend fundraising 
> activity at FFA effective immediately.  The Fund will then pay down 
> expenses and allocations until only $500,000 remains in the account as

> soon as possible (goal is latest by July 15th).  After the 2008 
> election if no legal activity has occurred the $500,000 will be 
> allocated to another 527 entity (for example DGA, or DLCC)
>
> The internal memo you are receiving today will outline all the 
> outstanding expenses and what allocations are made until there is 
> $500,000 left in the account and any operational procedures that will
need to occur.
>
> At that time the current Board members will resign and it is 
> recommended that Rob McKay (or a designated surrogate) will remain in 
> a position of Treasurer for any accounting, legal, or other allocation
decisions.
>
> If this is not your understanding of what was decided today please 
> alert Marc and I as soon as possible. This is the understanding and 
> directive from the call today.
>
> --
> Amy K. Dacey
> Executive Director
> Fund for America
> 202-730-7727
>

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