To help individuals and organizations create charitable endowment funds.

What is the difference between the Money Market/CD deposits and the Equity investments?

For Money Market/CD deposits, trustees will seek preservation of principal first and then a competitive rate of return.  They will invest in money market funds and in certificates of deposit.  Compared to Equity investments, Money Market/CD investments are safer, but may tend to have a lower average return.

For Equity investments, trustees will seek a return with the understanding that the investments lose money in some years.  They will invest in mutual funds, stocks, and bonds.  Compared to Money Market/CD investments, Equity investments are likely to be more volatile, but may produce higher average returns.

 

Are any of my investment plan choices Federally insured?

Yes.  Trustees will seek certificates of deposit that are federally insured.

 

The earnings on my Acorn account are distributed upon my request.  What about the principal?

The principal (the amount that you put in) stays in your account perpetually.

 

Are all the earnings of my Acorn account distributed upon my request?

The Endowment Advisor may instruct Evergreen to distribute any or all of the earnings.

 

How can The Acorn Plan not have any administrative costs?

O'Neill Pine Company has made a corporate commitment to Evergreen Charitable Trust.  This is a family-owned business.  They  received much to start their business and they continue to receive much through the grace of God and nature.  This plan to build endowments is one of the ways in which they want to share some of the grace and resources they have received.  They will pay for the administration of your Acorn account with no cost to you.

 

Are there limits to how much I can contribute each year?

There are currently no limits to how much you can add to your Acorn Plan.

 

I would like to donate by check.  Who should the check be made out to?

Please make the check out to "Evergreen Charitable Trust".

 

How will I know how much is in my Acorn account and how much earnings there are to distribute?

Evergreen Charitable Trust will send to you, at least annually, a statement showing your principal and the available earnings to distribute.