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Scenarios for the Growth of Funds
Current Tipton County Foundation rates of payout and
fees
(If you have not already visited it, please
use the link at left to learn the basics about the Acorn Society.)
The results for individual Funds will depend on the timing and number of
gifts during each year. These rates are subject to change by the TCF Board of
Directors.
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Minimum Initial
Gift of $500, + $500 per Year, Will NOT Make $10,000 in Ten Years |
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After 9
Years, (10 Gifts) Still Need $3,803 to Reach Fund Minimum |
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* In the first
year, TCF pays 1/2 the normal earning and charges 1/2 the usual fee. |
|
Year |
Balance |
Deposits |
Earns 4% |
Fee 0.375% |
Operating Net |
Growth 1% |
New Bal |
|
2006 |
0 |
500 |
10 |
-1 |
9 |
3 |
512 |
|
2007 |
512 |
500 |
20 |
-2 |
19 |
5 |
1,035 |
|
2008 |
1,035 |
500 |
41 |
-4 |
38 |
10 |
1,583 |
|
2009 |
1,583 |
500 |
63 |
-6 |
57 |
16 |
2,156 |
|
2010 |
2,156 |
500 |
86 |
-8 |
78 |
22 |
2,756 |
|
2011 |
2,756 |
500 |
110 |
-10 |
100 |
28 |
3,384 |
|
2012 |
3,384 |
500 |
135 |
-13 |
123 |
34 |
4,040 |
|
2013 |
4,040 |
500 |
162 |
-15 |
146 |
40 |
4,727 |
|
2014 |
4,727 |
500 |
189 |
-18 |
171 |
47 |
5,445 |
|
2015 |
5,445 |
500 |
218 |
-20 |
197 |
54 |
6,197 |
|
2016 |
6,197 |
500 |
248 |
-23 |
225 |
62 |
6,984 |
|
Totals
|
$5,500 |
$1,283 |
-$120 |
$1,163 |
$321 |
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One Scenario
That WILL Make $10,000 in Ten Years |
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The Donor
Gives 11 x $725 ($7,975), But the Fund is Worth Over $10,000! |
|
* In the first
year, TCF pays 1/2 the normal earning and charges 1/2 the usual fee. |
|
Year |
Balance |
Deposits |
Earns 4% |
Fee 0.375% |
Operating Net |
Growth 1% |
New Bal |
|
2006 |
0 |
725 |
15 |
-1 |
13 |
4 |
742 |
|
2007 |
742 |
725 |
30 |
-3 |
27 |
7 |
1,501 |
|
2008 |
1,501 |
725 |
60 |
-6 |
54 |
15 |
2,295 |
|
2009 |
2,295 |
725 |
92 |
-9 |
83 |
23 |
3,127 |
|
2010 |
3,127 |
725 |
125 |
-12 |
113 |
31 |
3,996 |
|
2011 |
3,996 |
725 |
160 |
-15 |
145 |
40 |
4,906 |
|
2012 |
4,906 |
725 |
196 |
-18 |
178 |
49 |
5,858 |
|
2013 |
5,858 |
725 |
234 |
-22 |
212 |
59 |
6,854 |
|
2014 |
6,854 |
725 |
274 |
-26 |
248 |
69 |
7,896 |
|
2015 |
7,896 |
725 |
316 |
-30 |
286 |
79 |
8,986 |
|
2016 |
8,986 |
725 |
359 |
-34 |
326 |
90 |
10,127 |
|
Totals |
$7,975 |
$1,861 |
-$174 |
$1,686 |
$465 |
$10,127 |
To plant your Acorn,
and become a charter member of
Tipton County’s Acorn Society, click the button
below to take a look
at the standard Acorn Fund Agreement (which will open as a
Microsoft Word document), contact the Foundation at 765-675-8480, or visit the
Feedback Page
on this web site.
Last modified:
Friday, August 28, 2009
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