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ACF Treasurer Report Nov. 11, 2022 (by Rich
Beckwith)
Annuities:
| Oldbury Fund -- (8/14/2022) |
$111,106.58 |
| 200 Club -- (8/14/2022) |
$93,133.45 |
| Gene Lindsay Fund – (9/19/2022) |
$282,750.07 |
| Total Annuities |
$486,990.10 |
Other Account Balances:
| PNC Bank checking (11-9-2022) |
$3,055.84 |
| + ACF dues checks to be deposited |
$160.00 |
| ACF Store (Wells Fargo) (11-9-2022) |
$1,950.15 |
| ACF Store /
Paypal (11-9-2022) |
$176.79 |
| Total Other Account Balances |
$5,342.78 |
| Total Annuities + Other Account Bal. |
$492,332.88 |
Comments:
The first three funds were placed with specific
purposes (at donor’s wishes) for the interest earned; the principals do not
represent spendable cash. The Oldbury fund supports the GAYP National Top 5
places and the GAYP World Title Match when an American competes. The 200 Club
fund supports the 3-Move National and the 3-Move World Title Match when an
American competes. The Lindsay Fund Supports 3-Move ACF National Masters
Division and International Matches. Also, 20% of the Gene Lindsay fund supports
international team checker matches. The Oldbury Fund and 200 Club Fund
currently reside in a combined Global Atlantic 5-year contract that began August
14, 2018. The Lindsay Fund currently resides in a Global Atlantic 5-year
contract that began September 19, 2019. The funds are indexed to the S&P 500,
but the product will yield a minimum of 2.3% annually. copied from ACFB #420 -
November/December, 2022 |