The
ShortOnChange.com Financial Assistance Fund
(hence forth known as 'the Fund') was launched on the 15th of
March, 2008. The Fund collects monetary contributions via its
website (http://www.ShortOnChange.com) using the online service
PayPal (http://www.PayPal.com). Contributions are used by the
Fund to assist United States citizens who are facing financial
problems and are in imminent risk of foreclosure on their
primary residence or bankruptcy. Recipients of financial aide
from the Fund are not required to make contributions to the Fund
although it is encouraged as it is deemed in the best interest
of all parties involved.
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CONTRIBUTORS
Contributors to the Fund may contribute any amount of
money to the Fund, and the amount of contribution is up to the
sole discretion of the contributor. There is no limit on the
number of times or the frequency that a contributor may make
contributions to the Fund.
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APPLICANTS
The Fund accepts
applications for financial aide solely via its website. No other
form of communication qualifies as an application for financial
aide from the Fund. Applicants must be United States citizens.
Only one application per individual is allowed. The information
collected on the application is retained by ShortOnChange.com.
This information is retained only for the duration of the Fund
and only for the purpose of applying for financial aide from the
Fund. This information will not be shared with any outside
parties unless directed by law. This information will be deleted
at the dissolution of the Fund which is currently scheduled for
December 31, 2008 although this date may be extended as deemed
appropriate by the administration at ShortOnChange.com.
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Distributions from the
Fund are made at the sole discretion of the Fund. Distributions
from the Fund will be made to financial aide applicants after
verification of information provided on the financial aide
application. ShortOnChange.com will make distributions to
applicants based on the availability of funds, time
considerations for applicants, applicant needs and a variety of
other requirements which may vary on a case-by-case basis.
Distributions may also be made from the Fund for the normal
organization and maintenance of the Fund as determined by the
administration at ShortOnChange.com.
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The Fund is
intended to collect and distribute cash proceeds up until
December 31, 2008. If the Fund does not reach its goal of one
million United States dollars ($1,000,000) by December 31, 2008,
the Fund will be dissolved. ShortOnChange.com will receive a
portion of the contributions for organization and maintenance of
the Fund. The remaining balance will be donated to the American
Red Cross. before January 31, 2009. ShortOnChange.com reserves
the right to extend operation of the Fund should the Fund reach
and exceed its goal of one million United States dollars
($1,000,000). |
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