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NEWS LITE : MYSTERY DONOR'S GOLDEN GIFT TRADITION EXPANDING.


The tradition continues - in Nashville.

Someone dropped an 1879 gold coin Gold coins are one of the oldest forms of money. The first gold coins in history were coined by the Lydian king Croesus in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC.  into a Salvation Army Salvation Army, Protestant denomination and international nonsectarian Christian organization for evangelical and philanthropic work. Organization and Beliefs


The Salvation Army has established branches in 100 countries throughout the world.
 kettle outside an insurance office here Friday, keeping alive a yuletide tradition dating to 1982 that previously had been limited to Chicago.

The coin was wrapped inside a copy of a Wall Street Journal article about the mysterious Chicago donor who has been dropping coins into Salvation Army kettles for years, including earlier this month.

Except for a couple of years in the late '80s, at least one gold coin has appeared in a Chicago kettle every year since.

Friday's coin was believed to be Nashville's first.

The coin has a face value of $5, but is worth about $140, said Bart Dennis of the Nashville Gold Market. It would be worth more, if not for a slightly worn appearance.

The coin is one of about 260,000 that were minted between 1840 and 1908.

Irate father gives Santa a red nose

He was waiting to have his child's photo snapped with Santa Claus Santa Claus: see Nicholas, Saint.

Santa Claus

jolly, gift-giving figure who visits children on Christmas Eve. [Christian Tradition: NCE, 1937]

See : Christmas


Santa Claus
, but a fuming fuming /fum·ing/ (fum´ing) emitting a visible vapor.

fum·ing
adj.
Producing or emitting smoke or vapor, as for certain concentrated nitric, sulfuric, and hydrochloric acids.
 father did the snapping: He punched Santa in the nose, then ran off into a crowd.

Santa wasn't seriously hurt.

The man had stood in line ``a long time'' at an outdoor holiday fair Friday night waiting for the photo, said police Lt. Chuck Braddy.

When Santa's helpers ran out of film, ``one of the fathers got upset over the fact that I guess it was taking them a while to replace the film supply,'' Braddy said.

``So he got upset and punched Santa in the nose, then he and the child disappeared into the crowd,'' he said.

``Santa, who was not injured badly, opted to not pursue the matter,'' so police did not investigate.

Onassis' estate not as vast as reported

Jacqueline Kennedy Onassis' estate was worth far less than was widely estimated at the time of her death, and her two children will get most of her assets, leaving very little for charity, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the state Attorney General's Office.

The former first lady's executors valued her estate at $43.7 million, court documents show, though the fantastic prices some of her property brought at auction have prompted an IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws.  audit to determine whether its true value was closer to $73 million.

In any case, the amount falls well short of the estimates of $100 million or more in many news reports after her death in 1994. So far, less than $500,000 of the estate has gone to a nonprofit organization Nonprofit Organization

An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well.

Notes:
Examples of non-profit organizations are charities, hospitals and schools.
, the John F. Kennedy Library The John F. Kennedy Presidential Library and Museum is the presidential library and museum of the 35th President of the United States John F. Kennedy. It is located on Dorchester's Columbia Point in Boston, Massachusetts, USA, and was designed by the architect I.M. Pei.  near Boston.

Onassis' will left her two children valuable properties, ranging from a Martha's Vineyard Martha's Vineyard (vĭn`yərd), island (1990 est. pop. 8,900), c.100 sq mi (260 sq km), SE Mass., separated from the Elizabeth Islands and Cape Cod by Vineyard and Nantucket sounds.  retreat to stocks. But it also gave them the option of letting some or all of these properties pass to a charitable trust The arrangement by which real or Personal Property given by one person is held by another to be used for the benefit of a class of persons or the general public. , which would have made annual donations to charities for 24 years and then dissolved, passing the money on to Onassis' grandchildren.

The device of the charitable trust was essentially a way for her children, Caroline Kennedy Schlossberg and John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation).
John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in
 Jr., to allow some of her assets to pass to her grandchildren without paying estate taxes. But there was no requirement in the will that any money go to the trust, and the children apparently have determined that it makes more financial sense for them to pay the estate taxes and invest the balance.

The trust would have been called the C&J Foundation, after the first initials of the children.

Onassis' executors have told the state that after distributing the property that the children decided to keep, making specific bequests and paying administrative expenses, the estate has $18 million, but owes $23 million in estate taxes.

``Given the administrative expenses and the taxes and the consequences of the choices of the children, there will not be a residuary LEGACY, RESIDUARY. That which is of the remainder of an estate after the payment of all the debts and other legacies. Madd. Ch. P. 284.  to create the C&J Foundation,'' said Jennifer Farina, a spokesman for Attorney General Dennis Vacco.

The $5 million shortfall - which the children are liable for - almost certainly means that ``there will not be a C&J Foundation,'' said Sean Delaney, chief of the attorney general's charities bureau.

Alexander Forger, one of the executors, confirmed that Onassis' charitable lead annuity trust does not exist, though he would not rule out the possibility that it might still be created.

CAPTION(S):

Photo

Photo: (1) Happy to oblige

Jimmy Carter signs copies of his new book ``Living Faith'' at a San Francisco bookstore, where nearly 1,000 people turned out to see the former president.

Associated Press
COPYRIGHT 1996 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Daily News (Los Angeles, CA)
Date:Dec 22, 1996
Words:744
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