SMART announces $3.5 million distribution of 2019 investment earnings to providers' funds for scholarships
JEFF RICHGELS | Posted: Monday, May 4, 2020 4:00 pm
SMART (Scholarship Management and Account Reporting for Tenpins) has announced in this news release a $3.5 million distribution of 2019 investment earnings to providers’ funds that must be used for scholarships for youth bowlers.
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 $3.5 million allocation is the largest investment earnings allocation made by the...