Humboldt Area Foundation
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SERVICES FOR SCHOLARSHIP FUNDS Print E-mail

02/04/09

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 $55 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.  Fiscal oversight of investments is provided by the HAF Investment Committee and Board of Directors in alignment with California Prudent Investor Rules.  Angeles Investment Advisors, Inc. provides an in-depth third party review of HAF’s investment strategy each year with results available to the public on the HAF website at www.hafoundation.org

The Humboldt Area Foundation also offers non-risk fixed income investments for short-term expendable funds.  These returns vary in alignment with prime rate fluctuations. 


Investment Returns

This asset allocation has produced the following total net returns.  All returns are reported net of investment fees as of June 30, the last day of HAF’s fiscal year.
 2000  9.80%       
   2005  11.19%      
 2001  .94%    2006  12.45%
 2002  -4.93%    2007  17.85%
 2003  3.06%    2008  -8.44%
 2004  17.35%    2009  -22.19%











Administrative Fees

The annual rate of support for Foundation services is two percent (2%) 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 $200 per year for expendable funds.

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Cascadia Leadership
Humboldt Native Cultures Fund
Northern California Non Profits
Humboldt Trinity Trust Foundation
Humboldt United Labor Health Fund
Humboldt Wild Rivers
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