HOW WE MANAGE OUR FUNDS
The USD 113 Foundation Board of Directors is is responsible for the ongoing management of foundation funds. Fund Administration Agreements are utilized for donors to communicate any wishes they have as to how funds will be financially managed after donation.
Currently the USD113 Foundation has three options for investing funds.
Utilize FDIC insured interest bearing accounts at a local bank.
Invest in 75% actively managed mutual funds and 25% bond funds under the advisement of Jeff Russell with Edward Jones in Sabetha, KS.
Utilize actively managed mutual funds administered by the Greater Manhattan (KS) Community Foundation and Greater Sabetha Community Foundation.
Unless otherwise specified, funds will be invested through Jeff Russell, Edward Jones Financial Advisor.