Endowment Information

The foundation's financial statements are audited annually on a calendar-year basis and are available for review upon request. MAF's endowment funds are invested in a pooled account with Oregon Community Foundation (OCF). The endowment funds in this pooled account are identified as follows: March 31, 2006

The Foundation Board Endowment
Fund:                                                 $373,343

Supports the foundation's core grantmaking activities (supporting the development of individual athletes and athletic programs).

Joe Loprinzi Scholarship Fund:          $267,774

Supports scholarships given to greater-Portland-area graduating high school seniors in need who wish to continue college or vocational pursuits.

James F. and Marion Miller
Scholar Athlete Fund:                         $229,358

Supports MAC's annual Scholar Athlete program with scholarships for 27 area high school seniors.

Fay Sasser Scholarship Fund:             $115,043

Supports educational scholarship awards for eligible MAC employees.

Lorraine Miller Trustee Endowment
Fund:                                                  $ 44,241

Created primarily with funds provided by former trustees of MAC. Lorraine Miller served for many years as the executive to MAC's general manager. When the fund reaches $100,000 principal, community support will be provided as then determined by the board.

Mel Fox Memorial Scholarship Fund:   $ 33,980

Created in honor of Mel Fox (former MAC general manager), whose coaching roots included a stint at Franklin High School. The fund provides scholarship assistance for a graduating senior at Franklin High School.

Earl and Barbara Repp Memorial
Fund:                                                  $ 14,641

Established by the Repp family (long-time MAC members). The principal is permanently restricted; investment earnings are available, in the foundation's judgment, to assist high school or college-aged Oregonians (including those individuals physically challenged) participating primarily in golf, swimming, baseball or gymnastics.

TOTAL:                                            $1,078,380

OCF's historical annualized performance for 10 years (9.9%) has been better than the median foundation endowment-managed performance. Unless the donor requires a specific allocation, the board allocates contributions from all sources in its discretion.

The foundation's investment committee reviews periodically the need for managed investment alternatives, particularly for purposes of supplemental scholarship funding.