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Where does the NPP money come from?????

Discussion in 'Uncategorized Threads' started by Gargoyle!, Oct 13, 2007.

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  1. Gargoyle!

    Gargoyle! TS Member

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    What I saw on the HISTORY CHANNEL it said that MR NOBEL who came up with TNT to help mankind was not happy with the way it was used in war. With that when he died he left a large part of his money to start an yearly event to award people who helped mankind. With the money in the bank they only give out the interest it made. I don't know if they take donations or not. What have you all heard on where the money come from?
     
  2. Capt. Morgan

    Capt. Morgan TS Member

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    When Alfred Nobel died he left a monetary estate totaling 9.22 million dollars with instructions that the money was to be invested and the interest used to award the prizes. Each year there are also a number of private donations that are added to the available funds.

    Morgan
     
  3. setter

    setter Member

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    Also:

    Al Gore & the U.N. something or other were awarded $1.5 million, the Gores intend to donate their half ($750,000) to charity. There are 5 or so Nobel's awarded physics, chemistry, medicine, literature, peace.

    All below taken from the website above:


    The Nobel Foundation is a private institution established in 1900 on the basis of the will. The investment policy of the Foundation is naturally of paramount importance to the preservation and, if possible the augmentation of the funds and, thus, of the prize amount. According to the original 1901 investment rules, the term "safe securities" was, in the spirit of that time, interpreted to mean gilt-edged bonds or loans backed by such securities or backed by mortgages on real estate. With the changes brought about by the two World Wars and their economic and financial aftermath, the term "safe securities" had to be reinterpreted in the light of prevailing economic conditions and tendencies. Thus, at the request of the Foundation's Board of Directors, in the early 1950s the Swedish Government sanctioned changes, whereby the Board for all practical purposes was given a free hand to invest not only in real estate, bonds and secured loans, but also in most types of stocks.

    From 1901, when the first prizes (SEK 150,000 each) were awarded, the prize amounts declined steadily. But with this freedom to invest, along with the long-fought-for tax-exemption granted in 1946, it was possible to reverse this trend and, on average, even keep pace with increasing inflation. The real value of the prize amount in SEK terms was finally restored in 1991. The amount of the 2007 Nobel Prize is SEK 10.0 million.

    The invested capital at market value as per December 31, 2006, amounted to SEK 3,584 million (approx. USD 520 million). Foreign and Swedish assets accounted for 68 and 32 percent, respectively.
     
  4. Gargoyle!

    Gargoyle! TS Member

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