11/12/2007

Euros are a Girl's Best Friend?

Hello:

With nods to Jule Styne for his song, "Diamonds are a Girl's Best Friend", today's question is, rather, are Euros a girl's best friend?

Model/Actress Giselle Bunchen is alleged to have requested her contract fee from Procter & Gamble be paid in Euros rather than $US. However, in fairness, Ms. Bundchen manager/twin sister stated that there was no truth to the story because, in fact the request was to be paid in Brazilian Reais. According to Bloomberg.com, the Brazilian Real has appreciated 21% vs. the US Dollar, whereas the Euro appreciated a mere 10% vs. the US Dollar over the past year.

Is there anyone left that does not believe the dollar drop further?

This is the time of year when donors may have conferred with their tax advisor and realize they need to possibly reduce their tax burdens. If might be that a significant donation to your organization might help them out financially as well as philanthropically.

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager