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Mary
Lund-Davis Student Investment Fund (SIF)
In 1982, Mary Lund Davis endowed Pacific
Lutheran University
the sum of $25,000 for the establishment of The Business School Student
Investment Fund, now named the Mary
Lund Davis
Student Investment Fund (SIF).
The primary purpose of this endowment is to provide a learning
experience for students in investment portfolio management. Currently, the SIF is valued at $92,000.
Each year a student
board of directors is elected to manage the fund. Students who are interested in investing, but do not desire a
board member position, are also welcome to participate in weekly SIF meetings. For
guidance, a trust document was created by Mary Lund Davis to provide
direction as to how the money should be handled by the student investment
club. Basically, the trust document emphasizes the importance of
allowing the students the opportunities to make all financial and
managerial decisions regarding how the money, and the operations of the
club itself, are managed. The Fund, as stipulated in the trust
document, is allowed a withdrawal capped at a maximum distribution of 4
percent of the average quarterly market value of the Fund for the previous
two years. This maximum distribution shall include amounts to be used
for expenses of operating the Fund and for designated projects. Past
Student Investment Fund boards have used the funds to pay for a percentage
of each member’s trip costs to Chicago, Illinois
(Chicago Board of Trade), and New
York (New York Stock Exchange). (It is
expected that fund money spent for traveling be used toward an
“educational” experience). Other years, board members decided it was
best to leave as much money as possible invested, and used less than one
percent of the fund merely to pay for the printing of their annual reports
and year-end banquet.
There are many colorful stories in that come
from the Student Investment Fund’s past. One of the best is from the
SIF board of ‘85-86. They purchased shares of Microsoft at the
IPO. Six months later, the board of ‘86-’87 sold those shares for a
nice profit. Little did they know that if the fund had held those
shares to this day, they would be valued in the ballpark of $2 million.
Click Here to Inquire on Fund Membership
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