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View Poll Results: If you supported The Pool Trust how would you want the money spent?
I would want to Fund Pro Pool Events Only. 0 0%
I would want to Fund Amateur Events and regrow Pool from the bottom up. 0 0%
I Would not donate to support Pool Period! 0 0%
I Would donate only if it went well and was popular. 0 0%
I Would donate if the money was used to produce interest and no principle was ever withdrawn. 0 0%
I Would Gift money to the Pool Trust if properly set up. 0 0%
I Would leave the Pool Trust Money (if set up right) in my will. 0 0%
My company would give money (for a tax deduction.) 0 0%
I would give money (one time) if it were tax deductible. 0 0%
I would give a little money every year (even if not tax deductible) 0 0%
I think this is a good idea. 0 0%
I think this is a bad idea. 0 0%
I would support this idea only if it was deposit only work from interest produced. 0 0%
I would support only if run by a (Non Pool) Trust Management Co. by indissolveable rules 0 0%
I have my own ideas on how this should be done 0 0%
Multiple Choice Poll. Voters: 0. You may not vote on this poll

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Would you support a Pool Trust Organization to support Pool, on Pro or Local Level?
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336Robin
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Would you support a Pool Trust Organization to support Pool, on Pro or Local Level? - 09-14-2018, 02:29 AM


I apologize to anyone offended by this post. It's my nature to try and figure out ways to make things work and this subject has been one of the musings
I've had for a number of years. I've talked to many people about it both friends and Industry people. About 8 months ago I had this idea and I've thought about it a lot
from time to time. It think it could be done and it would be a great asset (for the company that was admin over it) and generally for Pool in the US. This poll is a fact finding
mission to find peoples opinions of it and the proposed funding options were it to succeed. Look well to the poll.


If we "Pool Players" had a New Membership Organization let's call it "The Pool Trust" and from our donations a big pile of money (a foundation)
"that was invested in the stock market in a Mutual Fund" from which the earnings funded something for Pool every year.......

What would you want done with the money? (based on the choices in the poll).

"Keep in mind that It could be possible to organize this in a way to keep people from misappropriating funds by putting it in a trust with trustees over the account. Once money was paid over to "The Board" there would be accounting for what the money was used for that would go on report and that report could be posted to a website"

Aside from the minimum expenses. No deposits could be withdrawn. It would be invested in the market so as to grow in time proven mutual funds.
It would be a foundation/trust designed to produce funds that would be spent the following year, the money coming (from previous yearly earnings totals).

In the beginning a down year of earnings could cause a down year in promotion, unless fund raisers were used to replace the funding.

I think its a nice idea, but like anything there are details "that in this case" I think could be worked out.

There's a lot of Pool Players and their opinions count because Pool Players would have to approve and support it.

Pool Players in this country number in the millions and motivated (by the right organization or right people behind it)
(they could) support something like this and it would have better chances to succeed. Also the foundation trust body
could sanction tournaments and tours that kicked in a dollar or two per player per event for nearly automatic growth.

It would start slow and people would be skeptical at first. For now its just a Hypothetical New Organization.
It's an idea that needs an opinion. The Poll questions are designed to let you register your opinion with a Yes or a No.

I believe that once is started it would be hard to fail because the mission is for the money to stay in the fund until the point where it produced enough interest to
make payouts. That period of time isn't determined and will depend on support. If money came in slow it can be held to pay the "minimum yearly expenses." which would be small.
All of the details of the goings on could be posted to the website so people would know what is going on and the progress that is being made.
There are a few details to work out but not enough to say its not possible.

On the opinion side:

Some may believe that promoting Pro Pool is the way to go.
Some may feel it would be better to organize Amateur local Pool in the form of
tours and tournaments "perhaps non handicapped events." to promote better play.
Some may think it's all of it is a bad idea to start off with and we should let Pool be what it is.

I think its an idea that has merit but I'm only one person so we have a Poll with many options and we may raise more questions.

I believe that in time with player support that more people, Corporations, Companies, Cue Makers, Manufacturers, Pro Players and maybe Player Systems
would see the benefit of being known as supporters of the program and just a little from a lot of people would go a very long way.
Can you imagine how much money could be raised if a dollar a cue or any other Pool Product went into something like this?

When the time comes that it starts producing funds to work with, it would create a Permanent second tier of Pool Accomplishment for Players whether that be Amateur or Pro

I believe this is fertile ground for someone to come in and stage a Do Over for Pool but it would have to be run fairly and true to its purpose.
This is what good structure (Trust/Foundation), organization, policy creation and Articles of Incorporation and transparent operations are for.

Non Pool People could be in charge of the Account but It would be hard to have Non Pool People in charge of distribution it as they wouldn't be able to devote a lot of time to it aside from deciding when to cut
the check for the past years earnings. So it would have to be spelled out in the Mission Statement specifically what parts of Pool were the priorities ie. (Pro or Amateur) and which came first and have the Board bound to that end by
public display of the Mission Statement. The Board Members might have to change every two years to keep things running smooth. This way the company housing the Admin of the Trust couldn't run it by calling the shots as well but
that doesn't mean that their running it wouldn't have some advantages. People would support that company because they would earn the support.

A Pool Products company or Internet Service Company would be perfect for this because they have infrastructure in place to deal with it. They have Offices, Secretaries, Accountants and Office Machines and Computers.
The biggest job would be taking deposits and mailing out a membership card or some sort of thing like a key chain that would denote membership or adding the name to the website. It really wouldn't
be necessary to make a big job out of providing perks for the members because its a donation foundation that gives out tax deductible receipts. Companies might step up and grant discounts to members anyway.
It would have to have its own accounting no matter what kind of company it was. If it were a tax deductible 501-c3 it could grant tax deductible status to donations. So you could request a receipt for that if you wanted to.

It's not a job for one person. There would need to be backup and it wouldn't be able to pay out a lot but a Pool Products/Service Company could get a lot of loyalty out of running it.

For instance if Diamond Tables were do this, would you ever consider another table? Diamond Tables are great anyway but just saying.
A cloth manufacturer--this would them above the rest of cloth industry in the US. What kind of cloth you put on tables might just be the difference
between a room being a Pool Trust Location or not.

I think its a nice idea but its just an ideas that we might talk someone into doing for a shot at changing the future of Pool, "if you would want the future better than it is today."

I'd be willing to be a donor. It doesn't hurt anything to dream that one day Pool could support itself. I'd want my name on the list on the website.

The Poll is confidential and has no ending date. No one will know how you voted. Choose only the choices that apply to you and leave the others blank.

This idea for this thread came from a blog post located here. https://forums.azbilliards.com/blog.php?b=12150

This thread is not an attack on the BCA trade organization. It is merely an opinion on what we could do in order to improve the state of Pool in the US.
Our future is clearly in the hands of the marketplace now, but we could take our future into our own hands by forming our own organization which we
have been without for a number of years.

If nothing else we have a little fun out of it. Just take the Poll and Let's see what happens!

Also: Make your comments and Let it rip!

------------------------------------------------------------------------


------------------------------------------------------------------------

Poll Options

Choose the options that apply to you. Leave the rest blank. You can change your answer during the poll not after.

If you supported The Pool Trust how would you want the money spent?


I would want to Fund Pro Pool Events Only.
I would want to Fund Amateur Events and regrow Pool from the bottom up.
I would want monies split up equally between Pro and Amateur tournaments.
I would want the most of the money put into Amateur Events and then the Pros
I would want most of the money in Pro Pool and some for amateur events.
I would only approve of Pro Events if Pros did something for Pool (support the trust, give free clinics for trust members, affordable lessons in rooms etc.)

I would donate only if it was run right, went well and was popular.
I would never donate, none of my business.
I would take a chance that it would work out.

My personal donation would be under $100
My personal donation would be over $100
My company donation would be under $500
My company donation would be over $500


I am open to discussion on how to do this, just do it.

I would approve if a Pool company did the admin for membership but was not in charge of the money in the trust as stated
I would gladly pay more on my Az membership to do this if they would handle the donation in my name.
I would want a new badge for my screen name indicating my level of donation. (Platinum, Diamond, Berillium, Outer Space, Space Cadet etc.)

I would do business with Pool Businesses that supported the trust.
I would like to see Amateur Pool Events with Pool Trust Points assigned to them in which a dollar or two per player went to the trust.
I would help support it by spreading the word and wanting my room to be a Pool Trust Location.
I want a key chain to hang on my cue case so people will know I support the Pool Trust
I would go to Pool Trust Tournaments, Pool Schools and Events because of the good will and support for the trust.
I think money will fix Pro Pool and Amateurs will take care of themselves
I think its better to fix Amateur Pool over time in order to get more people playing creating an Advertisement demographic for sponsors

If done right I would gift money to it (for a life membership) or a tax deduction.

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Last edited by 336Robin; Yesterday at 06:53 AM.
  
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Post #2 Information - Yesterday, 06:55 AM

Post #2

Some interesting Math to go along with this:

40k people giving a dollar a piece is 40,000 a year. That would run some tournaments but that's not what
I'm talking about at all. 40k a year is a bandaid and wouldn't fix much. However 40k is enough to add some to a lot of Amateur events.

40k x .08% on average is 3,200 dollars of interest per year and enough to take care of some of the legal expenses
but not enough to get it started up. My rough estimate is the first year would be the most expensive and between legal
expenses, admin expenses those bills might be around 10k under certain conditions. So some donations would have to be
earmarked for the expenses in the beginning. Later on the interest would take care of all of it and the expenses lower after
start up expenses are paid, however the board would have to receive something to administrate the foundation.

If those same 40k people did this every year for say 10 yrs that's 400,000 dollars at .08% or 32,000 in money that can be paid out.
More accurately probably 20,000 after the admin costs, travel and some salary for the person or corporation paying the person to run it.

If those same 40k people gave $10 you start out with 400k in the first year! and in 10 yrs that's 4 million. 8 percent of 4 mil is 320,000
thats a lot of money to put into Pool every year and is what's possible if you take a long range approach with creating a foundation.
If you just want to spend the money raised each year, the effect could wear off the minute someone makes a mistake.

You can see where I'm going with this. When Corporations and people get behind funding a foundation designed to promote the betterment
of Pool it would be hard to stop but it must be setup right to prevent problems. I'm a member of an organization that has a foundation and to my
knowledge it works for us just fine. I'm sure if you do some internet searches you'll find this is an idea used by others organizations.

Its real easy to see how a slow growing foundation could be established that in a decade could have millions in its account.
It's also easy to see how this could catch on and be to that level in 5 yrs.

Millions in an foundation trust account could change things a lot for Pool and the question would remain. Would you want to build Pool up
from the Top Down-(Pros) or from the bottom up (Amateurs) ?

If tournaments were sanctioned by the trust body they might get a dollar or two per player. That would add up.
If product manufacturers earmarked some of their items to support the foundation the amounts coming in could be impressive.

The list of supporters could go on and on, who wouldn't want to be known as a sponsor? With the money going into a foundation
with rules set up for success, it would be hard to fail.


"Let your "Stick" do the talking!"

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