Shelby Foundation/Go Like Hell

[Got the Bug]

Here's a link to an article from August 2009 with some details:

http://www3.signonsandiego.com/stori...ion/?uniontrib

Several quotes from the article:

"The foundation reported net assets of about $6.7 million in 2007, the most recent year for which it has filed tax statements. That's up from $2.9 million in 2005 and $1.7 million at the beginning of the decade. The 2008 filings are not available until the fall."

"But while donations keep streaming in, not much has gone out. The grants amounted to only 1.1 percent of the foundation's net assets in 2007. That compares with 0.086 percent in 2005 and 0.094 percent in 2006."

Carroll Shelby - “When I die, I want to have $10 million in my foundation. I'm not under any obligation to spend money until I reach my goal of $10 million.”