Frequently Asked Questions

CFEO FAQ’s

Q: Can I be sure the money I contribute will stay in the fund I intend?

A: Yes, if a fund is established first. If you represent a graduating class of Caldwell High School, funds can be held temporarily in the Class Holding Fund until a sufficient amount has been contributed to convert to an endowed or currently expendable fund. To contribute towards a specific already existing fund go to our Donations Page and select the fund.  If you would just like to contribute in general to CFEO you can do that here.

Q: How large would the scholarship be with a fund of $5,000 on average?

A: This depends upon interest rates and the economy, but generally we have experienced scholarships in the $250.00 to $300.00 range.

Q: Can a Scholarship be awarded while we are building the fund?

A: Yes, especially if it is currently expendable. We have had a number of funds where the donor contributes money to build up the balance.

Q: Who decides how criteria is established?

A: The donor, with the approval of the Board of Directors. We do offer assistance in this regard to assure criteria that can be followed and to avoid ambiguity.

Q: Who decides how criteria is established?

A: Yes. CFEO has a fiscal policy that governs its investments and investments and expenditures. Reporting is handled by John Dean, CPA, Treasurer of the Foundation, and the Finance Committee, in consultation with other professionals as needed, under the direction of the Executive Board and Board of Directors.

Q: What kind of investments are made with the Funds?

A: The Board of Directors, in accordance with Article VII of the Foundation Bylaws, will select the depositories and level of risk assumed for the funds. The CFEO Finance Committee recommends the risk level should be minimal until the Foundation accumulates sufficient assets to justify diversification into investments with greater risks. Insured bank deposits are considered the vehicle with the least risk. The Treasurer of the CFEO is authorized to invest in the following types of investments:

 

  • 1. Deposits with Public Depositories
  • 2. U. S. Treasury Obligations
  • 3. Federal Agency Securities
  • 4. Corporate Bonds (rated AA or better)
  • 5. Money Market Accounts
  • 6. Mutual Funds (consisting solely of the above investment types)

 

Q: Does the money have to go for a scholarship or are there other needs for which a fund can be established?

A: There are needs in addition to scholarships. Scholarships are an often used mission, but the assistance of education at other levels is also extremely important as well.

Q: Can dollars be added to an existing fund?

A: Yes. All funds are available for additional contributions.

Q: If we were to establish a scholarship, how will we know how it is doing?

A: You will receive a Treasurer’s report which identifies the activities of each fund established by the Foundation. If the fund requires involvement in selection, the appropriate selection committee, under the direction of the Vice-President, will contact regarding selection.

Q: I have an additional question that wasn’t answered how can I get in touch with someone from CFEO?

A: Use the form below to contact us.

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