Posts Tagged ‘pin

18
Apr
11

a gift from the past….

From the President and First Lady’s tax returns, released today

Wiki: The Henry G. Freeman Jr. Pin Money Fund, is the operating name of an annuity fund of the Henry G. Freeman Jr. Trust, benefiting first ladies of the United States. It began in 1912, as part of the will of Henry G. Freeman Jr., a prominent Philadelphia real estate developer.

Freeman believed that the U.S president was paid a “miserable pittance”, and that a way of increasing his income while avoiding the appearance of political gifts was to institute an annuity to be paid “to the lady termed the first lady in the land; that is, the President of the United States [sic] wife, or anyone representing the president as such, should he not be married or should she die during his administration”.

Freeman’s will specified that the money be for the first lady’s “own and absolute use” and the payments “shall continue in force as long as this glorious government exists.”

The fund became active in November 1989 during the administration of George H.W. Bush, but due to a court dispute the first payments were not made until December 1992.

Barbara Bush received US $36,000.00 retroactively and donated a portion to her charity work, and spent an unspecified amount doing “something nice for my grandchildren”. First Lady Hillary Rodham Clinton and First Lady Laura Bush have donated the payments to charity. The income is taxable, and the fund is overseen by Wachovia Trust Services.

****

There’s another article here on the Pin Money Fund (MSNBC)

Mr Freeman sounded like a pretty cool guy 😉

12
Dec
09

"Joe, how about a flag pin instead of a Scranton Eagles badge?"

The President adjusts the Vice President’s flag pin before being introduced at the White House job summit in early December. Callie Shell / Aurora for TIME




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • Think of Delta variant as 'coronavirus on steroids,' says former WH Covid advisor
  • Michael Kay releases a new book of his 'most fascinating' interviews
  • Former Xerox CEO traces her arc in new memoir
  • NYC mayoral candidate: We can reallocate but not defund police
  • Congressman calls out politicians on both sides who throw flames, reap the attention

Categories

Archives

Blog Stats

  • 43,030,342 hits
June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930