CASTLE ROCK FUND
The Castle Rock Fund, also known as “the storage facility” fund, was established to purchase a business—Castle Rock Mini Storage—that will generate profits to underwrite rent and utilities at our two-story building in Sedona, Arizona, called the Red Western Tower. The Red Western Tower building houses Diamond Cutter institute Global, Sedona College of International Management, Asian Classic Institute, Asian Legacy Library, Diamond Cutter press, Yoga Studies Institute, Diamond Mountain, Diamond Cutter Classics, The Three Jewels and Green Stretch Pen.
The purchase of Castle Rock Mini Storage will generate a net profit of $175,000 each year. We will use this income to pay for overhead expense and maintenance of the building. This means that all the organizations in the Red Western Tower can use the money they raise each year for programs, and will not have to use it to pay rent in the Tower.
It will cost $5M to purchase Castle Rock Mini Storage.
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