Dear Investors,

Since the Davlin Philanthropic Fund is a unique investment creation, I thought it would be appropriate to address you personally, and explain how the Fund came into being.

My name is Bill Davlin, and this fund is the result of a need I’ve felt for some time.  Everyone in the financial sector believes in making money.  I do, too. Yet, I also believe we should make a difference in this world. Charitable giving often now seems an afterthought that takes place at the end of one’s life.  I think it should be one of our first thoughts: one that guides us throughout our lives.

Some years ago, I felt a nagging feeling that I wasn’t achieving everything that I wanted out of my life. It became clear that while I was successful in my personal and business life, I was underachieving in my commitment to society.  Like most Americans, I believe we all have a responsibility to make a lifelong commitment to the improvement of the world through volunteering and/or financial donations. Yet, with the time constraints of modern life, long hours at work and parenting; volunteering for extended periods of time didn’t seem possible. I came away from that self-assessment resolved to make more consistent and meaningful financial commitments to my favorite charities.  But where were the tools and financial vehicles needed to accomplish this?

Over time, I came to realize that while the capital markets continue to offer new investment vehicles on virtually a daily basis, the philanthropic world hadn’t fundamentally changed the structure of giving since the United Way started payroll deductions more than 50 years ago.  I decided to build a new financial vehicle that would create opportunities for philanthropy while generating competitive capital returns for investors.  The Davlin Philanthropic Fund is our first success in creating a product that meets an investor’s need to save for retirement, while at the same time fulfilling a commitment to make our world
a better place.

The Davlin Philanthropic Fund is the first SEC-registered, open-ended, no load mutual fund managed
by a non-profiting investment advisor.  This allows Davlin Fund investors to receive all the normal
returns from a mutual fund, while designating a significant portion of the advisory fees as donations to
their favorite charities.  So, if your life is as hectic as mine and your commitment to your favorite charities is suffering because of it, we hope that the Davlin Fund can help. As the fund grows in size, my hope is
that it can become a major force in charitable giving, paving the way for us to create additional funds
with the same philanthropic goal.

What started as a personal desire to improve my own charitable giving has become a bold experiment
in social and financial change. Please join us in making a lifelong commitment to improving our world through the financial support of human services, conservation and the cultural arts charities of your choice.

Sincerely yours,
William E. B. Davlin

Mission:

The mission of the Davlin Philanthropic Funds is to create successful mutual funds that empower individuals to become philanthropists by seeking to provide both superior performance and the option for "sustainable giving”.

About the Davlin Philanthropic Fund:

The Davlin Philanthropic Fund is a socially conscious business with the mission of harvesting the power of mutual funds to create “sustainable giving”.  We believe that by creating a mutual fund where the investors get all the returns and their favorite charities get most of the advisory fees, we have created a tool that can offer the average person the opportunity to make a significant difference.  With the Davlin Philanthropic Fund, you don’t need to be rich to be a philanthropist.  The Davlin Philanthropic Fund allows investors to make a 30, 40, or 50 year commitment to their favorite charities without sacrificing their savings or retirement nest egg.  So stop paying advisory fees to the owners of the fund adviser and start paying them to your favorite charities.

The Fees work as follows:

• The investment adviser (Davlin Fund Advisors) will be paid annually a fee of 1.00 percent of the Fund’s net assets to provide investment advice to the Fund and pay all of the Fund’s ordinary operating expenses.  
• Davlin Fund Advisors is committed to the philanthropic goals of the Davlin Fund and has agreed to waive all fees that would represent a profit to the Adviser so that they can be donated to charity.
• The Davlin Fund will donate an amount equal to 0.50 percent of the Fund's net assets, plus 100 percent of the Adviser’s waived fees, to a 501(c)3 non-profit foundation, (the Davlin Foundation). On an annual basis, the Davlin Foundation will distribute the Fund’s donations to various charities with guidance from the Fund’s individual investors.   

It is the Davlin Fund Advisors expectation that, as the Fund grows and the Adviser benefits from the economies of scale, the amount of the donations to charity will increase from 0.50 percent to, and perhaps exceeding, 1.00 percent of net Fund assets a year.  To put this in perspective, the average American donates an estimated 1.6% of taxable income a year.  With the Davlin Philanthropic Fund, we hope to provide investors with the tools needed to give away up to an additional 1.00% of assets.  Since assets are a much larger base than income, we hope to fundamentally change the amount that Americans give to charity.

Notable Quotes:

“A life is not important except in the impact it has on other lives” - Jackie Robinson

“Philanthropy is almost the only virtue which is sufficiently appreciated by mankind.” -Henry David Thoreau

“No one would remember the Good Samaritan if he’d only had good intentions. He had money as well.”
- Margaret Thatcher

“For we must consider that we shall be as a city upon a hill. The eyes of all people are upon us.”
- John Winthrop

“I expect to pass through this world but once. Any good therefore that I can do, or any kindness that I can show to any fellow creature, let me do it now. Let me not defer or neglect it, for I shall not pass this way again.” - Stephen Grellen

“No act of kindness, no matter how small, is ever wasted.” - Aesop

 "Use philanthropy to make the transition from success to significance" - Unknown