Page 6 - 2025 April Report

Program Notes
4
CORE PROGRAMS
• Distributions as of April 18, 2025 - $0 • Children of UPS Employees
Within the last couple of weeks, Scholarship America has completed the preliminary vetting for new awards and UPS headquarters has verified employment data to confirm student eligibility. Scholarship America plans to notify scholarship recipients of their award by the end of April. Between the renewals and the new awards, it does appear that they will be able to use the full $1,325,000 budgeted this year.
INDIGENOUS PEOPLES PROGRAMS
• Distributions as of April 18, 2025 - $250,000 • Northwest Indian College
Bobby and Ian Record are visiting NWIC this week to get an on-site perspective. Rick Williams plans to join them via Zoom. Watch for their report in the May Monthly Report.
DISCRETIONARY PROGRAMS
• Distributions as of April 18, 2025 - $973,500 • Grant agreement letters
Grant agreement letters have been fully executed by Hope Ignites, Providence St. Mel, Bottom Line, AISES, and Groves Learning Organization.
• Elevation Scholars
Bea represented the Foundation at their candidate interviews. See her report attached.
• Groves Learning Organization
Bobby and Mabel spoke with Linda Domholt, Nancy Segreti, and Erica Sutton about tuition scholarships. See their report attached.
• Hope Ignites
Sherry attended their Leadership event in Baltimore. See her report attached.
• Providence St. Mel School
Bobby and Mabel spoke with Jeanette Butala about succession plans. See their report attached.
• University of Florida
Bea and Caleb represented the Foundation at the Machen Scholars graduation reception. See Bea’s report attached.
CFO NOTES
Just as a friendly reminder, we will continue to receive updates to our 2024 year-end asset valuations until sometime in late June. Therefore, the ending asset and equity balances as of 12/31/24 will continue to change each month, along with the final investment gains for 2024. These changes will be reflected in our monthly reports where we provide historical information related to 2024.
During the month of March, our financial position declined and our return on investments went negative for the first time since 2022 on a year-to-date basis. Our net equity decreased $8,855,835 during the month of March, primarily due to losses in the market. According to Prime Buchholz, our investment return through March 2025 is now negative 0.30%, which is well below our annual goal of 7.5% (our policy is 5% plus 2.5% estimated inflation rate). Further, based on an email I received from Prime Buchholz on Monday, our investments are down another $7,114,537 as of the market close on Friday, April 11th. Needless to say, April has not been a stellar month thus far! Let’s hope for some stability in the market in the near term so our investments can get back on track.
Through March 2025, our actual administrative expenditures continue to track well compared to our approved budget for the year. Our grants, on the other hand, are behind budget primarily because most of our larger grants are paid out during the summer and late fall.