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| November 2009 |
| Fund Performance through September 30, 2009 |
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| One Year | History-To-Date* | |
| DPF |
13.11% |
6.42% |
| Russell 2000 |
-9.55% | -12.25% |
| S&P 500 |
-6.91% | -15.33% |
| Fund effective date June 11, 2008 *Annualized |
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| Interesting Perspectives |
| Nobel winner at UVa: Bank on those who truly need it |
| What Makes People Give? |
| Featured Charity | |
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"Massachusetts Society for the Prevention of Cruelty to Children"
"MSPCC is a private, nonprofit society dedicated to leadership in protecting and promoting the rights and well being of children and families." Please take a moment and learn more about the MSPCC.
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| What's New |
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| H. Fairfax Ayres, Managing Director. | |
 Welcome to the first quarterly Davlin Philanthropic Fund newsletter. Since opening our Fund to investors in June, 2008, we have witnessed exciting progress in both the investment and philanthropic components of our business. The Fund has performed well, and we have made good progress towards the mission of the Foundation. We have added new non-profits to our list of approved charities at a steady rate, and we made our first donations to charity early this year. Read more... |
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| Stock Market Update | |
| William E. B. Davlin, President & Portfolio Manager | |
| During the last two years the stock market has demonstrated the strengths and weaknesses of our style of “Quality Value Investing”. For us, “Quality” refers to companies with great businesses, strong balance sheets and good management. “Value” refers to stock prices that reflect a discount to the long term intrinsic value of the business. Read more... | |
| Charity Update | |
| How I Plan to Give Away over $50,000 of Other Peoples Money, Legally. Craig Kaisand, Investor in the Davlin Philanthropic Fund. |
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| I am 41 years old, a husband and a father of three. Like most Americans, I am tormented when I sit down to pay my bills. I struggle to find the right balance between “Spending,” “Saving,” and “Giving.” On the “Spending” side, the bills always come in higher than planned, and we constantly fail to meet our monthly household budget. On the “Saving” side, I worry that I am not saving enough for my children’s education or our retirement. Read more... |