Earnings add $4.5 Million

HomeEarnings add $4.5 Million

Earnings add $4.5 Million

Categories: Other

Organizations and shooting teams with a MidwayUSA Foundation endowment will, again, see an increase in their balance thanks to a successful earnings quarter.  This week, we added $4,582,150.90 to our endowments.  Nearly $4 million of that went to youth shooting team endowments.  While each team receives its portion of earnings based on their Average Daily Balance, approximately 3.23% was added to each team.  This increase speaks to the strength of our endowment pool.  The ability to invest over $140 million dollars is very powerful in the market.  Also, our Chief Investment Officer, Goldman Sachs, has a strong record of making smart and educated investments for our endowments.  Adding over 3% to your endowment is very unique and a something that cannot be achieved through a standard checking account.  If you would like to request a team statement showing the breakdown of your donations and deposits, like earnings, our financial staff is happy to provide that.  You can visit our Contact Us page and choose ‘Request an Account Statement’ under the drop down menu.   As a reminder, investments are tied to stock market performance.

Check your endowment balance, potential grant payout, donors and more on your very own team page.

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