FUND DISTRIBUTIONS
PRESERVING CAPTIAL
The Community Foundation’s objective is to achieve a total return that exceeds the sum of:
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The annual distribution rate
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Rate of inflation
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The cost of portfolio management.
DISTRIBUTION RATE
The current distribution rate of the North Lee Community Foundation is 4.5%. This decision was based on careful consideration of three key factors:
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Market Forecasts
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Understanding that a distribution rate of 5.0% would not enable the funds to realize the North Lee Community Foundation’s investment objectives.
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A desire to align the North Lee Community Foundation’s distribution rate with those of the majority of community foundations nationally.
DISTRIBUTION CALCULATIONS:
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If the gift is received in the 1St quarter, the distributable amount on December 31 is x 100% x 4.5%.
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If the gift is received in the 2nd quarter, the distributable amount on December 31 is x 75% x 4.5%.
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If the gift is received in the 3rd quarter, the distributable amount on December 31 is x 50% x 4.5%.
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If the gift is received in the 4th quarter, the distributable amount on December 31 is x 25% x 4.5%.
CONTACT US
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