1. You mean I can now donate to my favorite charity the money I would normally pay to the Investment Adviser?

Yes.  The Davlin Philanthropic Fund charges 1.50 percent plus any additional fees that take place when we buy other funds, like a money market fund. For FY2009, our total expense ratio was 1.76 percent. With the Davlin Philanthropic Fund, you can now pay a large portion of that fee to your favorite charity instead of your Investment Adviser. We commit up front to donating 0.50 percent of our fee to charity, plus any additional amount of the remainder that would represent a profit to the Investment Adviser. As we grow the fund and achieve the economies of scale, our goal is to donate 1.00 percent of our 1.50 percent fee to charity.

2. What motivated Mr. Davlin to launch the Davlin Philanthropic Fund?

“One of my previous bosse

Hands Together for Haiti

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Please take a moment and learn more about Hands Together for Haiti

s at the Royce Funds, Tom Ebright, advised me once to take the things I love doing most in life and make them part of my job.  Tom firmly believed that this strategy would make you happy and successful as a person, father and friend.  With years of hindsight, I agree.  For me, the things that I love doing most in life are picking stocks and supporting children’s charities.  The Davlin Philanthropic Fund allows me to do both.” – Bill Davlin

3. Do I get the tax benefit for making donations?

Yes. Investors get the full tax benefit of the donations without deducting them on their tax returns.  Your donations are treated like the management fees, so the mutual fund returns are reported only AFTER the reduction of the donations and expenses.  As such, you will not pay income or capital gains taxes on your donations.  Since no taxes are paid on the donations, no further consideration is needed, or tax deduction permitted, by the shareholders. However, each investor should consult their tax specialist as to the tax impact of investing in this or any other mutual fund.

4. How many charities can I pick and can I change the charities in the future?

You can pick up to three charities from the Approved List and change your charities on an annual basis.  To change your designated charities download a Charity Change Form and e-mail it to the following link.
Click Here

5. Can I change the percent that each charity gets from my donations?

At present, we are only structured to split your donations equally.  So if you pick two charities, each will receive 50 percent of your donations.  If you pick three charities, each will split one third of your donations.

6. What if my favorite charities are not on the Approved List?

We look toward our investors to suggest new charities.  Please read the FAQ's at the Davlin Foundation site to learn more about suggesting charities. Click Here

7. What charities are on the Approved List?

Please follow this link to the Approved List? Click Here

8. What is the criteria for a charity to get on the Approved List?

The Board of the Davlin Foundation establishes the criteria for approving charities. Please read the FAQ's at the Davlin Foundation site to learn more about the criteria. Click Here

9. What is the Davlin Foundation?

For regulatory and tax reasons, we were required to set up a 501(c)3 non-profit private foundation to control the donations to charities.  As a result, the Davlin Fund makes its donations to the Davlin Foundation and the Davlin Foundation then makes its donations to the charities.  The Foundation is run by an independent Board of Trustees. For more information, Click Here.

10. How are dividends, interest & capital gains distributed?

The Fund distributes net investment income and net gains annually, usually in December. You may either reinvest these distributions or have them mailed to you.

11. How often will statements be mailed?

Statements will be mailed quarterly, after each transaction or after any change in account registration. Tax information is mailed around Jan. 31 of the following year.

12. Where can I find the Fund’s Net Asset Value (NAV)?

Until the Fund reaches 1,000 shareholders or $25 million in assets, the daily NAV will not appear in the newspapers. You may obtain the NAV by calling 877-DAVLIN-8 or 877-328-5468 toll free after 4PM EST or by visiting the following website.  Click Here

13. Can investors residing in foreign countries invest in the  Fund?

Yes, if they have a valid Social Security or taxpayer ID number of if they complete a W8 form available from Shareholder Services.

14. How much should I invest in the Fund?

That depends on your financial situation. Most financial advisers recommend that no more than 10-20% of your portfolio be invested in any one fund.

15. What is the minimum investment allowed?

The minimum investment for a regular account is $2,500.00. For an IRA, the minimum investment is $1,500.

16. Are there any front-end or back-end loaded fees?

This Fund is a no-load with no redemption fees, except for a 1.0% fee on redemption of shares within one year of purchase.

17. With whom may I speak if I have additional questions?

Please contact Shareholder Services at 877-Davlin-8 or 877-328-5468 toll free.