SMART announces $1.75 million distribution of 2018 investment earnings to providers' funds
JEFF RICHGELS | Posted: Wednesday, May 15, 2019 8:00 am
SMART (Scholarship Management and Account Reporting for Tenpins) has announced in this news release a $1.75 million distribution of 2018 investment earnings to providers’ funds.
Based on income earned from investments, the SMART Board determines any possible income earnings distribution and releases the funds to providers by the end of May each year.
The SMART Board provided an income earnings distribution of $1 million in 2017 and $450,000 in 2016.
With the distribution of...