Smart Corporation Makes $450,000 Income Earnings Distribution
An income earnings distribution of $450,000 to providers' funds recently was made by the Scholarship Management and Accounting Reports for Tenpins (SMART) Corporation Board of Directors.
The distribution is for 2015 earnings. It marks the second consecutive year for SMART to make a distribution of at least
$400,000. "Our investment strategy is conservative, so we are very pleased to have been able to make such significant contributions the last two years," SMART Corporation Board Chairman Wally Hall said. "Being able to distribute these funds to our providers allows them to offer young bowlers more opportunities to earn scholarships."
Th e SMART Board has a highly conservative investment strategy, placing the largest portion of earned scholarships in safe securities with remaining assets invested in a diversified portfolio that is expected to yield larger returns. The maj o rity o f in v es tmen t in co me is distributed to participating organizations, with a small portion used to cover administrative costs and investment fees. The SMART program was started by the United States Bowling Congress in 1994 as a way to offer a centralized location to manage bowling scholarship funds, as well as providing USBC members with a resource for inquiries about bowling scholarships.
The SMART Bowling Scholarship Funding Corporation was created in 2010 as an independent entity dedicated to the management, protection and promotion of the SMART scholarship funds. USBC staff oversees the day-to-day operation of the program.
Visit BOWL.com/SMART to learn more about the SMART program. Article was posted with permission from Stars & Strikes, America's Bowling Newsmagazine. www.starsandstrikesbowling.com