Photo of C.B. Kern THE CARL B. KERN FUND
of The Dayton Foundation

established 1987

500 Kettering Tower     Dayton, OH 45423     (937) 222-0410     (877) 222-0410     FAX: (937) 222-0636

Looking for the former Friends of Kern, Inc. site? Click here to launch in new window.

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WELCOME!

    Home Page
    Carl B. Kern
    Contact Us!
    Now on FACEBOOK

Established - Nov 1987

    Fund Agreement [pdf]
    Kuhn Letter to Foundation [pdf]
    Kuhn Letter to Founder [pdf]

Advisory Committee

    By-Laws
    Agendas & Minutes

Finances

    Financial Summaries
    Quarterly Reports
    Honorary & Memorial Gifts
    Determination of Distrib Amt
    Distributions
    *** DONOR FORM ***

Donor Profiles

    Harold Prugh
    Paul Selz

External Links of Interest
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    The Dayton Foundation
    YMCA Camp Kern
    former Friends of Kern, Inc.

Determination of Annual Distribution Amount


from a Dayton Foundation letter dated May 19, 2017:

"As part of being a responsible steward in overseeing the investments of all Dayton Foundation funds, we annually review our investment policy and the method for calculating the administrative assessments for all funds and the distribution amounts from endowed funds. In making these calculations, we have been using the fund value average over 12 quarters ending with March 31 of the current year.

Over the next two years, the Foundation will phase into a practice of calculating these amounts based upon a fund value average over 20 quarters instead of the 12 quarters. This change to a longer timeframe for the calculation takes the highs and lows out of the market volatility and makes the distributions and assessments from your fund more predictable for you. This means the value of your fund will be better positioned for future growth. The first phase of this new calculation will go into effect on July 1 with a 16-quarter average, followed by a 20-quarter average starting July 1, 2018."


The Carl B. Kern Fund Advisory Board is notified of this amount and may act upon it - for example, rounding it up or down - to make a final determination of the amount to be distributed from the Fund.