×
  • Courses
  • News
  • College Bowling
  • Bowling Tips
  • Tournament Series
    • Schedule
    • 2019 Junior Gold Qualifiers
    • USBA Tournament Flight Series Results
    • 2018-19 Points Standings – South MN Region
    • 2018-19 Points Standings – Wisconsin / SE MN Region
    • 2018-19 Points Standings – Central MN Region
    • 2018-19 Points Standings – Northern Region
    • 2018-19 Points Standings – Iowa Region
    • Tournament Series Rules

SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?

United States Bowling Academy

  • About Us
  • Contact Us
  • SUPPORT
  • SIGN UP
  • LOGIN
  • Home
  • USBA Staff
  • Flight Series
    • USBA Fight Series Calendar
    • Flight Series Flyer
    • 2020-21 Point Standings – Southern MN Region
    • 2020-21 Point Standings – Central MN Region
    • 2020-21 Point Standings – Northern Region
    • 2020-21 Points Standings – Wisconsin / SE MN Region
    • 2020-21 Point Standings – Iowa Region
    • USBA Tournament Flight Series Results
    • Tournament Series Rules
  • Collegiate Bowling
    • College Registration – Collegiate Bowling Experience
    • Bowler Bio Form Page
  • News
  • Links
EVENTSRegister Online

SMART makes investment earnings allocation

by Josh Livingston / Tuesday, 05 May 2020 / Published in Bowling Scholarships, News

Posted by USBC

ARLINGTON, Texas – The Scholarship Management and Account Reporting for Tenpins (SMART) is making an investment earnings allocation of $3.5 million to provide additional scholarships for youth bowlers.

The $3.5 million allocation is the largest investment earnings allocation made by the SMART Board over the past seven years.

The SMART Board reviews income earned from investments to determine the allocation. Any available investment earnings are allocated each May, and this year’s allocation will be shown this week as available unassigned funds for Providers to use for scholarships.

Since 2017, the SMART Board has returned $7 million in investment earnings allocations. This year’s allocation is from investment earnings in 2019.

“The SMART Board is thrilled to be able to make such a substantial allocation for additional youth scholarships,” said Steve Moehrle, chair of the SMART Corporation Board. “The allocation provides additional education opportunities within our sport. The SMART Board continues to follow conservative investment strategies to protect SMART funds and it is great to deliver these significant earnings for the youth bowling community.”

The SMART Board provided investment earnings allocations of $1.75 million in both 2018 and 2019 and made a $1 million distribution in 2017.

Providers may only use earnings allocation funds for scholarships.

The SMART Board also saw long-serving member Wally Hall retire from the board. Hall was the first chair when the SMART Bowling Scholarship Funding Corporation was created in 2010 as an independent entity and served in that position until 2018. He has been involved in bowling for more than 60 years and is a past president of the Bowling Proprietors’ Association of America (BPAA).

The six-member SMART Board places the largest portion of earned scholarships in conservative securities with remaining assets invested in a diversified portfolio expected to yield larger returns. The majority of investment earnings are allocated for additional scholarship awards through participating organizations and providers, with a small portion used to cover administrative costs and investment fees.

The SMART Bowling Scholarship Funding Corporation is dedicated to the management, protection and promotion of the SMART scholarship funds. The United States Bowling Congress staff oversees the day-to-day operation of the program.

Visit BOWL.com/SMART to learn more about the SMART program.

 

  • Tweet

Upcoming Events

Jan 31
10:00 AM - 4:00 PM

Border Bash 2021 – Sioux Falls, SD

Feb 14
10:00 AM - 3:30 PM

USBA Tournament Flight Series – Aberdeen, SD

View more

Facebook

© 2015 Copyright United States Bowling Academy. All rights reserved.

TOP