Dissolution
Gingrich left the organization when he announced his forming an exploratory committee to run for president in March 2011, as required by law. The organization was dissolved in July 2011, according to Joe Gaylord, who took over after Gingrich's departure. "We had difficulty raising money after Newt left", said Gaylord. During its four years it raised $52 million but spent nearly two-thirds of that on fundraising. According to an August 2011 filing with the IRS, it raised $2.4 million in the first half of 2011, but spent $2.9 million.
On September 14, 2011, the defunct organization's landlord, B.G.W. Limited Partnership, filed a complaint against American Solutions in the landlord-tenant division of Washington, D.C., Superior Court alleging that the organization owed $16,000 in back rent on its offices located in the same "K" Street building that houses the other Gingrich Enterprises organizations, and that the office space had neither been vacated nor the keys surrendered. American Solutions failed to enter an appearance at a court hearing held on October 6, and on October 19 Superior Court Judge A. Franklin Burgess Jr. ruled that the organization owed $20,130 in back rent and court fees and authorized the U.S. Marshals Service to evict American Solutions.
Read more about this topic: American Solutions For Winning The Future
Famous quotes containing the word dissolution:
“We are threatened with suffering from three directions: from our own body, which is doomed to decay and dissolution and which cannot even do without pain and anxiety as warning signals; from the external world, which may rage against us with overwhelming and merciless forces of destruction; and finally from our relations to other men. The suffering which comes from this last source is perhaps more painful than any other.”
—Sigmund Freud (1856–1939)
“From low to high doth dissolution climb,
And sink from high to low, along a scale
Of awful notes, whose concord shall not fail;”
—William Wordsworth (1770–1850)
“The most dangerous aspect of present-day life is the dissolution of the feeling of individual responsibility. Mass solitude has done away with any difference between the internal and the external, between the intellectual and the physical.”
—Eugenio Montale (1896–1981)