The Foundation is managed by a Board of Trustees, nominated by the President of the IFFF and approved by the IFFF Board of Directors.
As of January 1, 2014 Foundation assets totaled $213,446.60 and on May 31, 2015 assets totaled $223,292.04, a net increase of $9845.44. Gifts of $2069.76 were received. Two grants/awards totaling $3,500.00 were distributed/approved. Market value appreciation since January 1, 2014 was $4681.31 and investment income totaled $8221.96. Investment management and custody fees were $1627.59. As of May 31, 2015 the Foundation had $33,041.46 of undistributed investment income.
Grants and awards distributed/approved since 1 January 2014 were:
1. $3,000.00 to Appalachian State University for a graduate student conducting aquatic entomology research
2. $500.00 to help support NW Youth Conservation and Fly Fishing Academy
Many organizations similar to the IFFF have long-standing foundations and have been successful through generous member and donor support in building substantial pools of assets. These assets generate the income necessary to fund the numerous projects and programs to enable their parent organizations to fulfill their goals. Donor support of the IFFF Foundation has increased slightly in the past two years. Our members and supporters are asked to think of this foundation when they consider their estate and tax planning objectives.
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