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Investment adviser: Kerfoot Trust now ~$2.2M, portfolio up 17.5% over 12 months
Summary
An adviser told the GUNTER ISD board the Kerfoot Trust is valued at about $2.209 million, producing roughly $61,000 a year in dividends and interest and yielding strong recent returns that supported $112,000 in recent distributions.
At the board meeting, the presenter summarized the Kerfoot Trust’s performance and allocation, saying the fund began in 2001 and is currently valued at about $2,209,000. The presenter noted the portfolio pays roughly $61,000 annually in dividend and interest income, which helps underwrite annual distributions to the community.
The adviser called the current allocation conservative but growth-oriented: “about 20% of the portfolio” is concentrated in information-technology large caps, and the fund focuses on profitable, established companies. He reported the portfolio was “up 17.5%” over the past 12 months and a long-term (10-year) average return of roughly 14.5% per year. The presenter added that distributions totaled about $112,000 across the last spring and fall cycles and that the trust’s standard deviation (risk) remained “in line with the index.”
Trust oversight and spending decisions were framed as relying on that income cushion. The presenter said staff will return with updates after the scheduled 05/09/1990 (date shown in the material) report is complete and if any action on distributions or investment policy is recommended. No formal motion on the trust investments was taken at the meeting.
