Daily Progress, Jacksonville, TX


January 16, 2013

Texas Methodist Foundation: Spare our endowments or stop the Lon Morris auction

Both TMF and United States Department of Justice file motions in bankruptcy court requesting more time before auction results are accepted by court



Tom Kelley, Texas Attorney General's Office spokesman declined to comment Wednesday.

The endowments at issue by the TMF include:

• The Faubion Endowment Fund, created by Last Will and Testament on May 21, 1996 with a current appropriate principal balance relevant to Lon Morris College of $102,261.25.

• The Buel N. Kiker and Rhena N. Kiker Memorial Fund created by Trust Agreement on June 29, 1989, with a current appraiser Principal balance relevant to LMC of $102,906.87.

• The Herbert E. Dishman and Family Trust; created by Trust Agreement on July 2, 1968, with a current approximate principal balance relevant to LMC of $50,444.67

• The Donald G. And Marjorie L. Willis Fund, created by Trust Agreement on January 12, 1989, with a current approximately principal balance relevant to LMC of $4,161.79.

• The JL "Bo" Wilson Scholarship Fund, created in December 1976; with a current approximate principal balance relevant to LMC of $10,090.23.

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