Tri-Valley Community Foundation in deep debt, looking to close Around Town, posted by , a resident of , on Jun 12, 2012 at 4:09 pm
The Tri-Valley Community Foundation is more than $3 million in debt, and is looking to close and file liquidation bankruptcy by the end of June. It is also seeking criminal prosecution against its former president, David Rice. "We owe probably $3 million-plus, everything included," said TVCF board Chairman Ron Hyde. "There's no 'there' there."
Read the full story here Web Link posted Monday, June 11, 2012, 5:28 PM
Posted by Susanna, a resident of the Canyon Oaks neighborhood, on May 17, 2013 at 2:52 am
Itís hard to believe that Tri-Valley Community Foundation in bankrupt. How it could be? While one works and earns money in a truthful way, other adopts someoneís finance and lives without problems. Because of such people a lot of good organizations are closed. We have a high lever of unemployment and poverty. We have big debts because of studentsí loans, fast cash advance, mortgages: Web Link. So itís a kind of endless chain: somebody works hard to repay the loan and somebody just stoles money, and fell happy.