Town Square

Bankruptcy proceedings continue for local charity

Original post made on Mar 21, 2013

The Tri-Valley Community Foundation still owes more than $2.7 million to creditors, bankruptcy court records show, with nearly half owed to one large contributor.

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Posted by Gary Alt
a resident of Del Prado
on Mar 21, 2013 at 9:08 am

Gary Alt is a registered user.

Very sad situation for everyone - the donors, the beneficiaries, and the community. I hope there is proper insurance coverage to restore the funds. I wish the story mentioned the whereabouts and status of Dave Rice.

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Posted by Mike
a resident of Highland Oaks
on Mar 22, 2013 at 4:27 pm

The take-home lesson here is to never let a third party handle your donations. Take the time to identify worthy causes and deal with them directly.


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Posted by MrsJjhh
a resident of Vintage Hills Elementary School
on Mar 24, 2013 at 11:39 pm

The article states that no criminal charges have been filed against Rice.

Why not?
In an earlier article, it was stated that David Rice had moved to Texas. Like Gary Alt, I'd like to know what he's doing there. I really hope that he's not working with another charity.