Land purchase fund drive

From EcoReality

EcoReality Co-op's land purchase fund drive is in full swing, at 57.12% of goal, with only $728828 remaining by September 2010, just 6 months, 20 days from now! You can help!

We want to make it easy for you to help us, so there are numerous options:

Shares

• If you meet the BC Securities rules for early stage investing, the closest involvement we can offer you is to put money into EcoReality Co-op and receive Class A Investment Shares in exchange.
  • Initial investment must be $10,000 or more,

    (co-op rules, part 4)

  • share dividends on these shares are capped by the rate of inflation, and
  • shares have a redemption period that is nominally three years after request for redemption.

    (co-op rules, rule 21)

  • Long-term habitation on-site requires a certain level of Class A investment.

  This is not an "investment" in conventional terms, in that there is essentially no financial return. We are striving to remove speculative value from our land, and you can be a part of this economic revolution by "investing" in a place to live, grow food, and produce energy.

Trust Fund

• If you require capital preservation, but want to eventually become a resident member, we are establishing a trust fund that will hold your funds separately, and will either
  1. release the funds for EcoReality Class A Investment Shares at the time when there is enough total money to secure the land, or
  2. return the funds if EcoReality becomes insolvent or voluntarily dissolves.

     (EcoReality land purchase trust, agreed, but not yet established)

Loans

• Not everyone who wants to help us can afford an investment that will never exceed the rate of inflation. We can negotiate individual loans with whatever reasonable terms you require, preferably for amounts of at least five figures over at least five years.
• We're inspired by our Advisor Tree Bressen's model of the Walnut Street Co-op Community Revolving Loan Fund, a pool of individual lenders with individual contracts. Tree notes that "no bank was willing to offer us a mortgage," and that is precisely the situation in which EcoReality finds itself. It may be that the global financial meltdown is ushering us into alternatives to big-business banking.

  In case of insolvency or dissolution, loans are repaid before any shares are redeemed.

Gifts

• We are honoured and delighted to take your outright gift of any amount, and we will commit those contributions to our land purchase fund.
  • For gifts of $500 or more,
    • we will plant a tree on EcoReality property and affix your name to it, and you can come visit the carbon you're capturing!
    • we will issue Class B Investment Shares in the appropriate amount. (Minutes:20091110)

      Class B Investment Shares are not redeemable except in extraordinary circumstances, such as dissolution of the co-op.

      (co-op rules, rule 21)

EcoReality Co-op is not a registered charity, and we cannot offer tax advantages for your contribution.

Here's how you can help

See our membership FAQ, then click here to let us know how you can help!