Jump to content

Recommended Posts

Is there a listing somewhere of what each LC has been "billed" as their share of the settlement.  I hear nothing locally, perhaps because I failed to re-register at the beginning of the year.

 

  • Upvote 1
Link to post
Share on other sites
  • Replies 231
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

@skepticand @CynicalScouter let's just drop it right now.  

Part of the problem, too, is that we are trying to create these country-club type experiences for people.  Swimming pools, air conditioning, hot showers and flush toilets, climbing towers, ATV program

They are not human shields, they are youth being served a high quality program. Please stop with the baiting of using comparisons. Victims on this site have stated that it is painful to see tho

Posted Images

26 minutes ago, scoutldr said:

Is there a listing somewhere of what each LC has been "billed" as their share of the settlement.  I hear nothing locally, perhaps because I failed to re-register at the beginning of the year.

 

Closest is the court documenr listing assests of each council. 

Link to post
Share on other sites
  • 3 weeks later...

Deer Lake Scout Reservation (CT), a 255 acre wooded camp with a mile-long spring-fed lake and trails which link to Chatfield Hollow and Cockaponset State Forests is up for sale.

The private Save Deer Lake Facebook group was created just two days after an announcement was made informally last week that Connecticut Yankee Council Boy Scouts of America wanted to sell the camp., according to Ted Langevin, a scout leader, chairman of Pack 491 in Madison and member of the Quinnipiac district committee...

The parcel was appraised between $3.7 million to $4.2 million. Some $2.6 million will go to the Boy Scouts of America, Langevin said, to help pay the local council’s assessed share of the $850 million sex abuse settlement signed off on by a judge in August to pay the tens of thousands of abuse victims, according to claimsjournal.com.

https://www.ctinsider.com/shoreline/article/Boy-Scouts-sex-abuse-settlement-prompts-sale-of-16448346.php

 

Edited by RememberSchiff
  • Sad 1
Link to post
Share on other sites

Jersey Shore Council sells service center and Hugh C. Clayton Scout Shop building site (4 acres) to town Toms Rivers for $1M

https://brick.shorebeat.com/2021/09/boy-scouts-jersey-shore-council-to-sell-4-acres-of-property-to-toms-river-for-1m/

Update 9/29/2021: Town approves purchase

“I’d hate to see hundreds of additional houses if the Boy Scouts decided to sell this to a private developer,” Councilman Dan Rodrick said.

https://tomsriver.shorebeat.com/2021/09/toms-river-approves-1m-purchase-of-boy-scout-property/

Edited by RememberSchiff
added Update
Link to post
Share on other sites
6 minutes ago, Eagle94-A1 said:

Stupid question, so here it goes.

I thought the bankruptcy but a hold on all sales and transfers of property and other assets?

Er, sorta.

The sale and transfers may take place if the money is kept separate and secured and is for fair market value. So, no quick transfers for $1 (looking at you, Middle Tennessee Council).

Also keep in mind that the LC plan calls for cash and properties BUT that cash can be substituted. So, if a council wants to keep its camp, it has to make up the difference entirely in cash. This also addresses the situation in councils that are so small or broke or unique they have no camps or offices (Colonial Virginia, Gulf Coast, Far East, Transatlantic, a few others). OR if a council wants to sell its camp now (because the market is good or whatever) it can, so long as it keeps the money on hand for when the plan is finalized.

Edited by CynicalScouter
Link to post
Share on other sites
14 minutes ago, Eagle94-A1 said:

Thank you.

Your welcome. It is sometimes called "diminishment of the estate": the party who is seeking protection cannot do something to deliberate reduce the AMOUNT of the assets it holds.

If, for example, a council decided today to sell every camp they had, sell their office, and convert every desk, chair, stapler, and table they own into cash, fine. Stupid, but fine.

Fine, because the estate is not diminished: the council started with $1 million in land, cash, and property. It now has....$1 million in cash. Stupid? Sure. Legally permissible? Yep.

Link to post
Share on other sites

All councils should have been more open with communication during the process. Some communicated well, but most were silent or gave a general statement with no details. Communication as a whole is not the BSA's strong point.

  • Upvote 2
Link to post
Share on other sites

Washington state:

The Inland Northwest Council’s $164,963 contribution is one of the lowest of the 250 local councils in the nation. Many contributed $2 million, and some up to $10 million. The Chief Seattle council in the Puget Sound, for example, agreed to pay $7.5 million as part of the complex settlement scheduled to be approved by creditors and the bankruptcy court sometime in October.+

...

“Our contribution to the settlement will not result in the divestiture of any of our camps or other properties being used as part of the program, and the future is bright for our council and the program,” said Steve Anderson, incoming president who is currently vice president of the council.

...

Anderson is also vice president of legal affairs and risk management for the council. He has been the council’s representative during the settlement negotiations.

The amounts for each council were based on assets and number of valid claims. Anderson said he could not release the number of claims they had but they were low compared to the other regions of the country.

...

The council’s assets have been legally protected for years from liability claims. They are held in endowments and leases that the council doesn’t directly control.

 

More details, an interesting read.

https://www.spokesman.com/stories/2021/sep/16/inland-boy-scouts-council-contributes-to-national-/

Link to post
Share on other sites

Local Media Statement – Trust Contributions

September 16, 2021

 

 

Attributable to the Laurel Highlands Council 

 

The national organization of the BSA continues to work toward the dual imperatives of its financial restructuring: equitably compensate survivors and ensure the future of Scouting’s vital mission. As part of the Boy Scouts of America’s financial restructuring, the specific contributions each local council will make to help fund the Trust for survivors was filed with the Court. These figures were determined through a combination of information filed in the claims process and what local councils could meaningfully contribute while ensuring Scouting can continue in their areas.

 

Our council participated in this process and our contribution was determined to be $5,972,147, which will be a cash contribution.

The Laurel Highlands Council is legally separate and distinct from the national organization. Our camps, properties, and local donations are controlled by our council. We share in the BSA’s commitment to equitably compensate survivors of past abuse. We carefully reviewed how we can fund our contribution to the compensation Trust while ensuring that Scouting can continue to serve youth, families, and communities in the Laurel Highlands Council for generations to come. Specifically, we have taken steps to fund our contribution from an unrestricted endowment fund.

 

It is important to note that restricted donations can only be used for their designated purposes and are legally protected so that they are used as the donor specified. Local donations through Friends of Scouting (FOS) go straight to supporting Scouting in our communities today; these donations are used in real time and are critical to maintaining local operations.

 

  • Thanks 1
Link to post
Share on other sites

What is the reasoning behind the variation in amounts each council is contributing?  Can't be claim numbers.  Our council has 2 claims and is paying $1.9 million, while other councils have over 100 claims and are paying six figures.

 

Link to post
Share on other sites
9 hours ago, Armymutt said:

Our council has 2 claims and is paying $1.9 million

May I know what state, please? It must be an open state if they’re valuing each claim at nearly $1M. I saw one closed state LC with 5-6 live claims is paying $2.9. They are flush with cash, investments and property. 

Link to post
Share on other sites
1 hour ago, ThenNow said:

May I know what state, please? It must be an open state if they’re valuing each claim at nearly $1M. I saw one closed state LC with 5-6 live claims is paying $2.9. They are flush with cash, investments and property. 

NC

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...