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Hermitage Club Member Restructuring Committee

$188,470 of $300,000 goal

Raised by 192 people in 1 month
Please send in your $1,030 donation to help support the Hermitage Club Member Restructuring Committee in its efforts to help the members of the club gain a stronger voice in the Club's restructuring.  Members who donate will become part of the Ad-Hoc Committee.

The $1,030 amount adds an extra $30 to cover the platform fee.  Any tip suggested by the Go Fund Me website is optional and those funds do not go to the committee...they go to the Go Fund Me website. Please be sure to choose the other category for the tip and an amount of ZERO for that tip, otherwise it will automatically include a tip above and beyond the $1,030 we are asking you to send.

Please make sure to also sign the Ad Hoc Member Agreement that you received via DocuSign.

My name is Stuart Kovensky and I am one of the members of the Steering Committee for this Ad-Hoc Committee.  This Committee is raising funds in relation to our objective to have the Members of the Hermitage Club get increased influence and control over the Club's financial reorganization, as well as try to get the club re-opened.  

The funds raised on this site will be used to pay legal, financial and other due diligence costs as we pursue the objective listed above.    To this end, we have already engaged two separate law firms and expect to use the bulk of the funds raised to cover legal due diligence costs.  In addition, we may use the funds to pay for other due diligence related to the club's finances, real estate operations and other areas integral to the Club's operations and restructuring.  

When we need to pay bills for the costs listed above, I will withdraw the funds and send them directly to the law firms or other financial professionals we may use.

If you have any questions, please email memberrestructuringcommittee@gmail.com

Thank you for your support!!
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Update to Members and Donors -

We are sending an update to let you know that we are changing the manner in which we will distribute to our law firm the funds raised in this campaign. Originally, we planned on sending the funds directly from GoFundMe to one of the law firms we have engaged (Downs Rachlin) and the firm would use the funds to pay their bills, the other law firm's bills, and any other service providers we may engage. To do this, GoFundMe required us to designate Downs Rachlin as the “Beneficiary” of the GoFundMe campaign. Downs Rachlin, however, has informed us that, for legal reasons, they are not comfortable being labeled a "Beneficiary" of the campaign and therefore have asked to not be in that position. We are now left with only one option which is to have one of the members of the Ad-Hoc Steering Committee withdraw the funds and then send a check to Downs Rachlin. The firm will then pay any bills owed by our Committee. We would rather not use our personal accounts, but since our Committee is not yet a legal entity, and therefore cannot yet open its own bank accounts, GoFundMe gives us no other method of distributing the Funds. We will keep records of any of the funds transfers to ensure accountability. If you have any questions, please email us.

Thank you,

Stuart Kovensky
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$188,470 of $300,000 goal

Raised by 192 people in 1 month
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CG
$1,030
Clifford Gurnham
14 days ago
PD
$1,000
Patrick Duff
17 days ago
WA
$1,030
William Allen
19 days ago
DH
$1,030
David Hekemian
20 days ago
NK
$1,030
Nicolette Klebacha
21 days ago
DT
$1,030
derek tietjen
23 days ago
RH
$1,030
Robert and Kimberly Haisch
24 days ago
KA
$1,030
Kimberly Anderson
24 days ago
SS
$30
Suzanne Spacavento
24 days ago
CL
$1,030
Chris Lynch
24 days ago
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