MKP USA FINANCE – Fund the Plan Status

July 2, 2012

in From the Finance Director

A MESSAGE FROM MKP USA FINANCE – FUND THE PLAN STATUS
We are the wise and transparent fathers we have been waiting for.

In the 2nd half of 2010 through the 1st half of 2011, MKP USA, thanks to the generosity of men and centers across the country, MKP USA raised over $400,000.00 for Fund the Plan, a restricted donor account that is supervised by a Trustee under the Fund the Plan Disbursements Procedure document for investment in long term growth and stability drivers for MKP USA.

What is the status of Fund the Plan?

As of the end of the first quarter of 2012, Fund the Plan assets total $269,177.31.  Approximately two thirds of the originally raised Fund the Plan assets are yet to be invested in the organization.

Disbursements from the Fund the Plan restricted account to reimburse for approved Fund the Plan expenses began in July of 2011.  During the second half of 2011, there were six monthly disbursements from Fund the Plan (see attached) totaling $103,765.55.  Each has been consistent with the terms of Fund the Plan.  There have been in the first quarter of 2012, three reimbursements from Fund the Plan total $33,944.58, also consistent with the terms of Fund the Plan.

Based on projected Fund the Plan expenses, Fund the Plan dollars are expected to fund approved items until Summer 2013.

Is MKP USA in integrity with the Fund the Plan Disbursement Procedure?

Yes.  MKP USA has followed the set of disbursement and approval agreements listed in the Procedure attached above and will continue to provide quarterly updates on Fund the Plan.  Each month a disbursement request is sent from MKP USA’s accounting firm (James Dougherty at Larsen and Rosenberger) to the trustee’s firm (Russell Kramp at UBS Securities) with a copy to the MKP USA Finance Committee.  Once approved, the funds are sent from UBS Securities to the MKP USA Operating Account and accounted for there.  A “due from MKP USA” entry is reflected in the MKP USA Balance Sheet.

Please see the attached documentation for additional information.

FINAL-FundthePlanDisbursementsProcedure4.27.11

FTP Summary – 1st Quarter 2012


Please contact Jon Levitt, MKP USA Finance Director [finance@mkpusa.org]  for additional information with regard to Fund the Plan.

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Jon Levitt
MKP USA Finance Director

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The ManKind Project is a global nonprofit [501 (c)(3)] charitable organization that conducts challenging and highly rewarding programs for men at every stage of life. The ManKind Project supports a global network of peer-facilitated men's groups where men mentor men through the passages of their lives. The ManKind Project empowers men to missions of service, supporting men to make a difference in the lives of men, women, and children around the world. We help men through any transition, men at all levels of success, men facing almost any challenge. Our flagship training, described by many as the most powerful men's training available, is the New Warrior Training Adventure. The ManKind Project (MKP) is not affiliated with any religious practice or political party. We strive to be increasingly inclusive and culturally aware.