"We just don't have the available funds to make these payments," he said.

The fund often makes such changes conditions of its loans.

The fund will make its first investments later this year.

"The fund will probably make good money over time, but I don't have the stomach for it," he said.

Since then, the fund has made it possible for 1.6 million inner-city children to experience another way of life.

Since 1877, the fund has made it possible for 1.6 million of the city's poor children to know something different.

"This fund would make it much more difficult to establish the truth," he said.

"If the market had stayed hot for another year and a half, our fund would have made a 10-times return," he said.

These funds often make the most difference during a bear market.

The fund also made money in oil companies, which account for 20 percent of its assets.