Greg Strangis
06-27-2007, 11:16 AM
Create A Named Fund.
The purpose of this program is to allow donors to create a Named Fund, a cash reserve controlled and managed by the Foundation and from which annual grants will be made in the donor’s name to assist students from underrepresented groups make the transition to professional employment in the entertainment industry. The Named Fund will provide an ongoing mechanism by which donors can direct contributions to this successful and growing Foundation program. Most importantly, Named Funds provide a multi-year legacy in the donor’s name for future generations of creative students who need this support.
A Named Fund can be established in any amount that will yield at least $5,000 in awards to the students each year for at least five years. A typical Named Fund of $50,000, for example, will provide at least $10,000 in awards to students over the five-year life of the Fund. The Named Fund will award a grant or grants to students totaling no less than 10% of the Fund’s principal, as determined on December 31st of the year before the grant awards are made.
The Fund and the grants awarded each year from that Fund will be named in accordance with the Donor’s request. Selection of the awardees will be at the sole discretion of the Foundation’s Board. At the request of the Donor, an appropriate public acknowledgment and/or screen credit will be provided. In addition to this public acknowledgement of her or his gift, the Donor may be entitled to benefits related to the Foundation’s annual events. These benefits will be determined by the Foundation’s Board of Directors, and any such benefits will be offered to the Donor as part of the process of establishing a Named Fund.
Named Funds will be combined with other funds and invested conservatively in a combination of government securities, corporate bonds or other interest bearing securities with no less than an “A” rating from Moody’s. No more than 30% of the Fund will be invested in listed stocks, and these stocks will have a minimum 10-year record of positive earnings and dividend payments. The fund will be overseen by the Board of Directors of the Foundation. All interest and dividends accrued by the Fund’s investments will be used to defray expenses associated with this student grant award program.
o Individual and Corporate Contributions
Please visit http://www.caucusfoundation.org/sponsor_contribution.html for additional information and contribution forms.
o Existing Endowments
Ultimate TV/Microsoft $50,000
Caucus $37,500
Hollywood Charities Foundation $25,000
American Video Group $10,000 in kind per year
Panavision $15,000 In Kind Services for each of four years
HD Vision Studios & High Technology Media - $10,000 In Kind Services for each of two years
Carole & Robert Daly Foundation - $25,000
Hollywood Foreign Press Association - $10,000 – 2006
The purpose of this program is to allow donors to create a Named Fund, a cash reserve controlled and managed by the Foundation and from which annual grants will be made in the donor’s name to assist students from underrepresented groups make the transition to professional employment in the entertainment industry. The Named Fund will provide an ongoing mechanism by which donors can direct contributions to this successful and growing Foundation program. Most importantly, Named Funds provide a multi-year legacy in the donor’s name for future generations of creative students who need this support.
A Named Fund can be established in any amount that will yield at least $5,000 in awards to the students each year for at least five years. A typical Named Fund of $50,000, for example, will provide at least $10,000 in awards to students over the five-year life of the Fund. The Named Fund will award a grant or grants to students totaling no less than 10% of the Fund’s principal, as determined on December 31st of the year before the grant awards are made.
The Fund and the grants awarded each year from that Fund will be named in accordance with the Donor’s request. Selection of the awardees will be at the sole discretion of the Foundation’s Board. At the request of the Donor, an appropriate public acknowledgment and/or screen credit will be provided. In addition to this public acknowledgement of her or his gift, the Donor may be entitled to benefits related to the Foundation’s annual events. These benefits will be determined by the Foundation’s Board of Directors, and any such benefits will be offered to the Donor as part of the process of establishing a Named Fund.
Named Funds will be combined with other funds and invested conservatively in a combination of government securities, corporate bonds or other interest bearing securities with no less than an “A” rating from Moody’s. No more than 30% of the Fund will be invested in listed stocks, and these stocks will have a minimum 10-year record of positive earnings and dividend payments. The fund will be overseen by the Board of Directors of the Foundation. All interest and dividends accrued by the Fund’s investments will be used to defray expenses associated with this student grant award program.
o Individual and Corporate Contributions
Please visit http://www.caucusfoundation.org/sponsor_contribution.html for additional information and contribution forms.
o Existing Endowments
Ultimate TV/Microsoft $50,000
Caucus $37,500
Hollywood Charities Foundation $25,000
American Video Group $10,000 in kind per year
Panavision $15,000 In Kind Services for each of four years
HD Vision Studios & High Technology Media - $10,000 In Kind Services for each of two years
Carole & Robert Daly Foundation - $25,000
Hollywood Foreign Press Association - $10,000 – 2006