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SERVICES FOR SCHOLARSHIP FUNDS |
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Services Provided
- Advice on establishment and structure of scholarship fund
- Distribution of applications to schools and students
- The services of a selection committee
- Congratulatory letters sent to all award recipients
- Letters of regret sent to all applicants who did not receive awards
- Press release upon request
- Disbursement of awards
- An opportunity to meet your scholarship recipient at the Foundation
- Quarterly or annual financial statements for each fund – Includes list of donations, investment activity, and an itemized list of disbursements
- Letters of appreciation and acknowledgement of gifts made to the fund, receipts meeting new IRS regulations
- Independent audit of all financial transactions
- Professional investment management
Investment Management
The Humboldt Area Foundation (HAF) manages $80 million in assets and currently pools investments for over 600 funds. Investing on a pooled basis produces significant economies of scale, including: (a) enhanced diversification of assets across investment styles and money managers; (b) enhanced access to money managers that might otherwise be unavailable due to account size minimums; and (c) reduced costs due to the application of size-sensitive fee schedules to an expanded asset base.
HAF participates in the American Funds Community Foundation Program. Specific American Fund mutual funds are joined with selected funds from the mutual fund family of DFA (Dimensional Funds Advisors) to acquire optimum results. Investment services have been expanded to include the services of local investment advisors.
Asset Allocation
The Humboldt Area Foundation’s assets are allocated as follows:
- 20% International Equities
- 5% Real Estate Securities
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Investment Returns
This asset allocation has produced the following total net returns. All returns are reported NETof investment fees.
Administrative Fees
The annual rate of support for Foundation services is one and one-half percent (1.50%) of the principal balance, a portion of which is taken from the income generated by your fund each quarter. There is a minimum fee of $150 per year.
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