Page 6 - Dec 2021 Report

December Report
4
Loan Amount Called
Repayment Capital (Distribution)
Loan Amount Payable
Accumulated Interest (12/1/21)
Total Amount (Loan & Interest) Forgiveness (12/1/21)
• Heritage University
$1,393,043 321,750 1,071,293
28,278 $ 1,099,571
Program Notes
CORE PROGRAMS
• Distributions as of December 15, 2021: $2,320,000
• Palm Beach Atlantic University
Bobby had lunch with President Schwinn. She shared PBAU’s strategic plans for their campus.
INDIGENOUS PEOPLES PROGRAMS
• Distributions as of December 15, 2021: $2,174,275
• CAPE Fund
As per requested by the Grant Program Committee, the CAPE Fund accounting since inception in November of 2008:
Heritage University, one of our newest endowment schools, reported that they awarded $28,400 in scholarships last year. The endowment balance (as of June 30, 2021) stood at $1,422,011. (See letter attached.)
• Scottsdale Community College letter
We have concluded the endowment building for Scottsdale Community College and scholarships are being awarded to business students. (See letter attached.)
DISCRETIONARY PROGRAMS
• Distributions as of December 15, 2021: $2,366,189
• Grant Agreements
Pursuant to the grants approved at the September meeting, grant agreements have been executed with Florida Atlantic University and Nativity Prep.
• VIA
VIA submitted their final report on the latest Foundation grant to them. The notes about the other things they have been doing demonstrate what an outstanding organization this is. (see attached)