ARLINGTON, Texas - The Board of Directors of SMART (Scholarship Management and Accounting Reports for Tenpins) Corporation will make an income earnings distribution to providers' funds later this quarter. A $400,000 total distribution will be credited before March 4, 2013.
"The SMART Board is extremely pleased to be in position to make its largest distribution since 2008," SMART Corporation Board Chairman Wally Hall said. "The SMART fund has shown good returns while maintaining the safety and stability our stakeholders expect."
The SMART Board's investment policy is designed to invest the largest portion of earned scholarships into fixed income highly conservative and safe securities. The remainder of the assets are invested in a diversified portfolio of securities expected to yield greater returns while still maintaining a highly conservative investment strategy.
The United States Bowling Congress SMART program began operation in 1994 as a service offering the bowling community a centralized location to manage bowling scholarship funds as well as providing USBC members with a resource for inquiries about bowling scholarships. In 2010, the SMART Bowling Scholarship Funding Corporation was created as an independent entity dedicated to the management, protection and promotion of the SMART scholarship funds.