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Scholarship trust posts strong returns; oil and gas income noted as volatile
Summary
Trust representatives told the Corsicana ISD Board on Oct. 22 that the scholarship trust ended September with about $22.8 million and a year‑to‑date total account return of 10.72%; oil and gas mineral income produced $223,000 over the trailing 12 months and roughly $150,000 year‑to‑date, though staff said mineral receipts are volatile.
Trust representatives presented a report to the Corsicana ISD Board of Trustees on Oct. 22 showing the scholarship trust’s portfolio value and recent performance.
A representative from the trust (Speaker 7) reported the portfolio’s market value at the end of September was about $22,817,000 and noted $550,000 in scholarship payouts during the period. The representative said…
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