Monday, May 09, 2005

Donor backs out of pledge to shelter

Donor backs out of pledge to shelter: "Donor backs out of pledge to shelter



By Andrew Wolfson
awolfson@courier-journal.com
The Courier-Journal

Action Loan owner Gus Goldsmith is refusing to pay almost half of a $1 million pledge he made five years ago to the Center for Women and Families.
Goldsmith, who has made a fortune providing high-interest loans to people with bad credit, said he is unhappy with the center under its new president, Jane W. Burks. But the center's lawyer said Goldsmith defaulted on the pledge nine months before Burks started.
In an interview yesterday, Goldsmith also complained that the center had used some of his money on 'deluxe office space,' rather than on beds."

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