Haines scout leaders said local scouting programs should have all the money they need for years to come with the announcement this week of a $100,000 donation to a trust fund to finance programs and equipment purchases.
Benefactor John Schnabel said he hopes the trust, which should yield up to $7,000 a year in interest income, gives Haines Boy Scouts, Cub Scouts and Girl Scouts a solid financial foundation.
Schnabel said he made the donation because he believes in the values of honesty, respect and industry that scouting teaches. "Our culture has changed so dramatically. Parents don't have as much time as they need to contribute to the education of their children Families aren't as cohesive as they were in the past and family values have been wiped out."
Phoenix, Ariz., resident Paul Helmick donated $25,000 to the account. Helmick, a business and bridge acquaintance of Schnabel, said he gave to the trust after Schnabel wrote him describing his plans to back the scouts. "John wrote me to tell me what he was doing, and I was really impressed. As soon as I found out about it, I said, 'Move over, we're going to send you some help.' "
The trust, which has been established in an account at the First National Bank, will be administered by a group of three local clergymen. Leaders of the Catholic and Presbyterian churches and the Church of Jesus Christ of the Latter Day Saints will be responsible for overseeing the account.
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