Who We Help, How Do I Help

We are not a charity that serves strangers at this time.

GMI is designed to serve GMI and State of Abe members. When the fund manager decides a person falls within GMI criteria for dispensing aid, he/she will ask the individual members if they want to contribute to help the friend in need. The friend in need will remain anonymous. GMI members can also give anonymously.

Example: Bob needs help. Fund manager asks GMI members, GMI members come up with $100. Fund manager writes check to Bob for $100, including a list of the members that helped him.

How Does GMI Grow

GMI grows as quickly as value is created.

Recently, GMI has been growing through memberships. In addition to new members and new cash coming in, Abe hopes to grow the fund by investing it in stocks. To make sure that our shareholders do not get penalized for potentially bad stock picks, Abe insures a portion of the fund against loss.

Example: Abe uses $100 to buy XYZ stock. XYZ divebombs and is sold at a loss for $20. Abe then credits the fund with an extra $80 to cover losses.

How to Become a Member

Bestowing membership is the sole responsibility of the fund manager. Generally, people become shareholders by innovatively creating value to the group.

Example: Tammy and Abe originally had to pay for parking separately. Tammy finds a way to for them to share one parking pass, thereby saving both of them cash.

Our Policies

The following policies were last updated on Nov. 27, 2004 and will go into effect Dec. 4, 2004:

1. Abe insures initial $500 against investment losses. In the event of insolvency, the insured amount of $500 will be divided among shareholders according to percentage shareholdership.

2. GMI shareholders receive an annual report along with their annual letters when total funds equal or exceed $100. Day to day operations are reported in blog.

3. When fund manager decides a person fits our mission statement, members will be asked if they wish to contribute their shares. Once members choose to dispense their funds, the charitable decision cannot be undone.

4. Fund manager has sole discretion of how funds are invested.

5. Fund manager has sole discretion over who becomes a GMI member.

6. Fund manager has sole discretion of how much a member can contribute within a period of time.

7. Shareholders may dispense funds as long as it fits our goals for helping friends in need.
In emergency or dispute, shareholders may opt to withdraw original funds at anytime. Funds will be made available by fund manager within 48 hours. This is an all or nothing proposition, as withdrawing funds must be done completely or not at all, and results in the ending shareholdership.

8. Rules may be made and repealed by fund manager, but require notice to be published online and a minimum of one calender week to go into effect.

9. At least 20% of total funds will be held in cash.

10. We currently do not accept donations.

Welcome! History & Mission

GMI History

GMI was created on March 28, 2004. It started with a high school group dinner that resulted in a $15 dinner overpayment. We used the money to buy snacks, which no one really ate. So I decided to reinburse the group to create GMI.


GMI Mission

I created GMI to promote financial security among my friends. My premise is that there will be rainy days in the future; rainy days that money can help solve. A friend might have a daughter that gets into Harvard and can't pay for it. Someone might be injured and unable to work and is unwilling to take charity from one specific friend. Someone might need that extra bit of cash for the downpayment on their first house. For rainy days, GMI is a financial umbrella.