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All Press Releases for March 15, 2000 Subscribe to this News Feed      
 

Angelic Reveals Its Foundation

Contact: Kevin Diamond
Angelic Entertainment
619/238-8234
angelicentertainment.com


San Diego, CA. March 8, 2000 — San Diego based entertainment group Angelic Entertainment further crystallized its plans for Angelic Foundation. Ten percent of gross profits from Angelic Entertainments projects are directly placed into Angelic Foundation. Angelic Foundation is to be established as a section 501(c)(3) private foundation under the IRS tax code. The foundation will supply grants to a limited number of purposes in accordance with its founding principles. These grants will target at least three charitable programs to be developed by the foundation.

Angelic Foundations objectives are to supply retirement pensions for people who have devoted their lives to the Christian mission field and are now returning home, defend and preserve the American family unit by assisting families at risk, and perpetuate content-responsible filmmaking for future generations of filmmakers through scholarship grants.

There are many excellent charities and organizations that help widows, orphans and the homeless. Angelic Foundation is here to fill in some of the gaps missed by most charities." states Vida Maine, Founder of Angelic Foundation. There are numerous good causes that need supporting, but we must remain focused to our calling."

The charitable programs of Angelic Foundation will have their own guidelines and schedules for distribution of granted funds, each structured according to the timeliness and responsiveness of its stated objectives. Angelic Foundation will grant biannually to the charities it supports.

Giving is a way of life. Benefactors need to know that their money is going to the cause they support, and not consumed by overhead expenses. Angelic Foundation will be accountable to the same principles that I have in giving." explains Mrs. Maine.

Based in San Diego, Angelic Foundation is to be established primarily from proceeds of Angelic Entertainment projects. Although still in its infancy, the Foundation strives to fulfill its objectives throughout the formation period. Angelic Foundation welcomes dialogue with anyone who shares a vision of accountability, generosity and compassion for the Foundations causes.


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Kevin Diamond
Angelic Entertainment, Inc.
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