Creating a world of philanthropists
Hands Together for Haiti
"Hands Together is a nonprofit organization devoted to educating, inspiring and encouraging people to understand the importance of responding to the needs of the poor and disadvantaged."
Please take a moment and learn more about Hands Together for Haiti
1. You mean I can now donate to my favorite charity the money I would normally pay to the Investment Adviser?
Yes. The Davlin Philanthropic Fund charges 1.50 percent plus any additional fees that take place when we buy other funds, like a money market fund. For FY2011, our total expense ratio was 1.53 percent. With the Davlin Philanthropic Fund, you can now pay a large portion of that fee to your favorite charity instead of your Investment Adviser. We commit up front to donating 0.50 percent of our fee to charity, plus any additional amount of the remainder that would represent a profit to the Investment Adviser. As we grow the fund and achieve the economies of scale, our goal is to donate 1.00 percent of our 1.50 percent fee to charity.
2. How does the matching program work and what is a Matching Premium?
Some or our investors, which we call Donation Matching Investors, allow their donations to be used to match other investor’s donations. We refer to the amount of the match as the Matching Premium. For example, a $2.00 Matching Premium means that for every $1.00 of donation created by our typical investor, our Donation Matching Investors will donate an additional $2.00. Please keep in mind that this Matching Premium will change both up and down over time as the ratio between Donation Matching Investors and normal investors change with contributions and redemptions. It is also worth noting that the Davlin Foundation Board of Directors will decide which charities will receive the matching funds. To give you some idea, the March 2010 donation matches ranged from as little as $99.24 to as large as $1,735.25. On the low side, there was a new investor that had only accrued $0.76 in donations for their charity, so the Board used matching funds to make it an even $100.00 donation. On the larger side, the Board used matching funds to increase a $264.75 gift up to $2,000.00 for Hands Together for Haiti after 5 of its 7 schools were destroyed in the earthquake. Most importantly, all of the individual charities that were chosen by our investors received matching donations.
3. What motivated Mr. Davlin to launch the Davlin Philanthropic Fund?
“One of my previous bosses at the Royce Funds, Tom Ebright, advised me once to take the things I love doing most in life and make them part of my job. Tom firmly believed that this strategy would make you happy and successful as a person, father and friend. With years of hindsight, I agree. For me, the things that I love doing most in life are picking stocks and supporting children’s charities. The Davlin Philanthropic Fund allows me to do both.” – Bill Davlin
4. Do I get the tax benefit for making donations?
Yes. Investors get the full tax benefit of the donations without deducting them on their tax returns. Your donations are treated like the management fees, so the mutual fund returns are reported only AFTER the reduction of the donations and expenses. As such, you will not pay income or capital gains taxes on your donations. Since no taxes are paid on the donations, no further consideration is needed, or tax deduction permitted, by the shareholders. However, each investor should consult their tax specialist as to the tax impact of investing in this or any other mutual fund.
5. How many charities can I pick and can I change the charities in the future?
6. Can I change the percent that each charity gets from my donations?
At present, we are only structured to split your donations equally. So if you pick two charities, each will receive 50 percent of your donations. If you pick three charities, each will split one third of your donations.
7. What if my favorite charities are not on the Approved List?
8. What charities are on the Approved List?
Please follow this link to the Approved List? Click Here
9. What is the criteria for a charity to get on the Approved List?
The Board of the Davlin Foundation establishes the criteria for approving charities. Please read the FAQ's at the Davlin Foundation site to learn more about the criteria. Click Here
10. What is the Davlin Foundation?
11. How are dividends, interest & capital gains distributed?
The Fund distributes net investment income and net gains annually, usually in December. You may either reinvest these distributions or have them mailed to you.
12. How often will statements be mailed?
Statements will be mailed quarterly, after each transaction or after any change in account registration. Tax information is mailed around Jan. 31 of the following year.
13. Where can I find the Fund’s Price or Net Asset Value (NAV)?
14. Can investors residing in foreign countries invest in the Fund?
Yes, if they have a valid Social Security or taxpayer ID number of if they complete a W8 form available from Shareholder Services.
15. How much should I invest in the Fund?
That depends on your financial situation. Most financial advisers recommend that no more than 10-20% of your portfolio be invested in any one fund.
16. What is the minimum investment allowed?
The minimum investment for a regular account is $2,500.00. For an IRA, the minimum investment is $1,500.
17. Are there any front-end or back-end loaded fees?
This Fund is a no-load with no redemption fees, except for a 1.0% fee on redemption of shares within 90 days.
18. With whom may I speak if I have additional questions?
Please contact Shareholder Services at 877-Davlin-8 or 877-328-5468 toll free.
