National Endowment for the Arts. Al l Am e r i c a s a St a g e :

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "National Endowment for the Arts. Al l Am e r i c a s a St a g e :"

Transcription

1 Natioal Edowmet for the Arts Al l Am e r i c a s a St a g e : Growth ad Challeges i Noprofit Theater

2 Preface Photo by Vace Jacobs The Natioal Edowmet for the Arts ew report, All America s a Stage, provides a cocise overview of the atio s vital ad extesive oprofit theater etwork. Rather like a good play, the report presets surprises, revelatios, ad isights. It chroicles the eormous growth ad geeral fiacial stability of the U.S. oprofit theater commuity, ad it outlies the cosiderable challeges the field faces i developig audieces. The report also provides a uaticipated perspective o ticket pricig ad sales. All America s a Stage lives up to its title. The expasio of oprofit theater has ot bee limited to traditioal cultural ceters. There are ow oprofit theaters i every sectio of the Uited States, icludig traditioally rural areas. O a per capita basis, Vermot ad Alaska ow lead the U.S. i oprofit theaters outrakig New York with Maie ad Motaa right behid. The sharpest growth rates have bee i previously uderserved states like Nevada, Arkasas, Utah, Colorado, ad Idaho. Has the oprofit theater sector expaded too quickly? Seemigly ot. Despite the broad ad rapid expasio of oprofit theaters, these orgaizatios have geerally healthy fiaces. Their balace sheets are strog, with assets growig ad liabilities remaiig flat. Noprofit theaters have also effectively diversified their sources of support. Idividual patros have collectively icreased their already high levels of givig, providig over 40 percet of cotributed reveue. The oly area for cocer i the healthy fiacial profile of the oprofit theaters is their historical vulerability to large ecoomic dowturs. Durig both of the last two major recessios, total reveue ad cotributios fell markedly. This vulerability could create issues for the oprofit theater commuity i the curret recessio. There is oe sigificat ad persistet problem facig America theater attedace for spoke theater has steadily deteriorated. Sice 1992, the percetage of the U.S. adult populatio attedig o-musical theater has declied from 13.5 percet to 9.4 percet. As these treds worseed i the last six years, eve the absolute size of the audiece has declied by 16 percet. These audiece declies do ot seem primarily depedet o high ticket prices. Audieces appear willig to pay higher prices for evets they wat to atted. Although further research is eeded to explore the issue, the audiece drop-off may be more related to issues like lower media coverage, decliig arts educatio, ad expaded i-home etertaimet optios rather tha ticket price. I a sese, the dilemma of oprofit theater ca be simply summarized supply has outstripped curret demad. The remarkable growth ad professioal maagemet of theatrical orgaizatios across the atio has ot yet bee matched by equally robust growth i audieces. America has created a magificet atioal etwork of oprofit theaters. These two thousad orgaizatios represet a huge civic ad cultural ivestmet. Our challege ow is to use them ambitiously to brig the power of theater to our citizes, studets, ad commuities. Daa Gioia Chairma, Natioal Edowmet for the Arts

3 The stage is ot merely the meetig place of all the arts, but is also the retur of art to life. Oscar Wilde Photo by Rich Edwards Our istitutioal theatres reflect trasformatioal ideas of the 20th cetury: the otio that citizes of every commuity deserve access to high-quality arts ad culture; that artists should be able to live with digity as citizes of commuities large ad small; that cities ca take pride ad derive a idetity from the arts they support; ad that our civic istitutios, our schools, commuity ceters, ad our citizes beefit from the presece of well-supported arts istitutios. Susie Medak Presidet, League of Residet Theatres (LORT) Photo by Rivka Katva Over the course of U.S. history, the America theatre field has grow to reflect the true diversity of our atio, givig the public access to a wide rage of theatrical storytellig, from Europea classics to youg Asia America voices, from traditioal modes of stagig to exploratios of ew performace techologies. Residet theatres are stimulatig ecoomic developmet i urba ceters ad rural towships; tourig esembles egage the imagiatios of audieces across the U.S. ad sometimes overseas. Iovative parterships betwee theatres ad schools are providig youg people with uprecedeted opportuities to develop their creativity ad self-cofidece. I short, these theatres have become cetral to America commuity life. Teresa Eyrig Executive Director, Theatre Commuicatios Group (TCG) Data ad Methodology This brochure examies developmets i the growth, geographic distributio, ad fiaces of America oprofit theaters durig the 1990s ad i the first decade of the ew cetury. The study draws from four data sets: IRS Form 990 filigs by taxexempt theaters; Theatre Commuicatios Group (TCG) member survey data; the U.S. Cesus Bureau s Ecoomic Cesus data; ad Survey of Public Participatio i the Arts data from the Natioal Edowmet for the Arts. The tax form data were collected by the Urba Istitute s Natioal Ceter for Charitable Statistics ad reported i core files ( ) ad digital data files ( ). Most tax-exempt orgaizatios with receipts of at least $25,000 are required to file Form 990 aually. 10 This NEA research brochure examies filigs by tax-exempt theaters with reveues of $75,000 or more. This approach yields a oprofit theater cout similar to that reported by the Ecoomic Cesus. Theatre Commuicatios Group s member survey data are proprietary, ad were shared with the NEA s Office of Research & Aalysis for research purposes oly. No iformatio idetifyig idividual member theaters has bee coveyed. As a group, TCG member theaters ted to have larger budgets tha the oprofit theater idustry captured by IRS Form 990 data. Theatre Facts 2005, for example, reports a average aual budget of $4.2 millio for profiled theaters. 11 By cotrast, average reveue was $929,000 for the 2005 IRS Form 990 filers.

4 Key Fidigs 1. The umber of oprofit theaters i the Uited States has doubled over a 15-year period. Number of Noprofit Theaters I 2005, there were 1,982 oprofit theaters with aual budgets of at least $75,000. This total is up exactly 100 percet from the 991 couted i Data source: Natioal Ceter for Charitable Statistics at the Urba Istitute The cout is restricted to IRS Form 990 filers with aual budgets of $75,000 or greater. 2. Although theaters cotiue to cluster i high-populatio states, the umber of theaters i small ad mid-sized populatio states has grow substatially. The states with the highest per capita cocetratio of theaters ow iclude: Vermot, Alaska, Maie, Motaa, Rhode Islad, Orego, Coecticut, New Hampshire, ad Miesota. Half of all theaters are located i the seve most populous states: Califoria, New York, Texas, Florida, Illiois, Pesylvaia, ad Ohio. New York far exceeds the other six states i theater couts eve after adjustig for populatio. From 1990 to 2005, the sharpest growth rate occurred i states with small umbers of theaters: Nevada, Arkasas, Utah, Colorado, Idaho, ad Mississippi. Growth i theaters coicided with rapid populatio growth i all of those states, except Arkasas ad Mississippi. Top 10 States Raked by Growth i Number of Noprofit Theaters, Rak State Theater growth 1 Nevada 6.0 X 2 Arkasas 4.0 X Utah 4.0 X 3 Colorado 3.0 X 4 Idaho 2.0 X Mississippi 2.0 X 5 Alaska 1. 8 X Motaa 1.8 X 6 Missouri 1.6 X 7 Alabama Nebraska Virgiia 1.5 X 1.5 X 1.5 X 8 Miesota 1.4 X 9 Delaware Orego Wiscosi 1.3 X 1.3 X 1.3 X 10 Texas 1.2 X Data sources: Natioal Ceter for Charitable Statistics at the Urba Istitute; Populatio Divisio, U.S. Cesus Bureau Top 10 States Raked by Number of Noprofit Theaters Per Capita i 2005 Rak Number of theaters per 100,000 people Idex to U.S. base Populatio (i millios) Uited States Vermot Alaska New York Maie Motaa Rhode Islad Orego Coecticut New Hampshire Miesota Data sources: Natioal Ceter for Charitable Statistics at the Urba Istitute; Populatio Divisio, U.S. Cesus Bureau

5 Number of Noprofit Theaters by State i 2005 Data source: Natioal Ceter for Charitable Statistics at the Urba Istitute 3. Noprofit theaters geerally have maitaied a healthy balace sheet. Growth i their assets has outpaced growth i their liabilities. Average Fixed Assets: Lad, Buildigs, ad Equipmet Betwee 1990 ad 2005, real assets (assets adjusted for iflatio) grew by early 60 percet, while liabilities remaied flat. Much of that growth came from fixed assets, which rose by early 40 percet. 2 Normally, these assets caot be used as cash to fiace theater operatios. Data source: Natioal Ceter for Charitable Statistics at the Urba Istitute Data are from the NCCS Digital Database, ad were available oly for the years reported. 4. Noprofit theaters have achieved a good balace betwee eared ad cotributed icome. Eared icome made up 52 percet of all oprofit theater reveue i The remaider was mostly cotributed. 3 As a share of all reveue, eared icome fell 13 percetage poits sice Cotributed icome, ad other types of reveue, grew proportioately. This chage has allowed a more eve mix of reveue sources a coditio associated with surpluses. 4

6 5. Idividuals ad foudatios remai the biggest cotributors to oprofit theater ad theaters ow rely o them for a eve greater share of fiacial support. I 2002, the most recet year for which reliable data are available, idividuals doated 40 percet of all cotributed reveue up 8 poits from 15 years earlier. Foudatio givig made up 22 percet i 2002, about 3 poits higher tha i Share of Cotributed Reveue by Source, Cotributios from: Percetage poit chage Idividuals 32.1% 30.6% 35.6% 40.2% +8.1 Foudatios 18.9% 22.0% 23.9% 21.7% +2.8 Busiesses 20.5% 19.8% 19.0% 17.0% -3.5 Govermet 26.3% 24.4% 17.5% 15.7% Other 2.2% 3.3% 4.0% 5.4% +3.2 Data source: Ecoomic Cesus, U.S. Cesus Bureau 6. NEA fudig has bee show to be a catalyst i drawig sizeable cotributios from other sources. Each dollar i NEA grat support is associated with a additioal $12 from idividual doors, $1.88 from busiesses, ad $3.55 from foudatios. 5 Although more research is eeded to idetify the uderlyig mechaism for this relatioship, high-quality performaces ad programs may be cosidered a commo factor amog theaters successful i wiig support from the NEA ad multiple fuders. Attractig Doatios to Noprofit Theaters $1 i grats from: (period=previous year) Natioal Edowmet for the Arts Attracts additioal theater fudig from: (period=curret year) Idividuals Busiesses Foudatios +$ $1.88 +$3.55 Data source: Theatre Commuicatios Group Results are based o a regressio aalysis of TCG member survey data from 1998 through The estimates are sigificat at 95% or higher cofidece. 7. Betwee 1990 ad 2005, oprofit theater reveues fluctuated sharply with busiess cycles i the U.S. ecoomy. Noprofit Theater Budgets Reflect the U.S. Ecoomy Followig declies i the early 1990s, real average reveue grew from 1993 through 2001, whe it climbed by 9 percet. O the stregth of risig cotributios, this icrease mirrored a overall growth tred i the U.S. ecoomy. After the 2001 ecoomic recessio, oprofit theater reveue sak by early 12 percet i 2002 (the sharpest dowtur recorded for the time period). Reveue cotiued to fall, albeit slowly, from 2002 through I the case of the first recessio, ticket sales fell more rapidly tha cotributios. The secod time, the reverse was true. Data source: Natioal Ceter for Charitable Statistics at the Urba Istitute Dollar amouts are adjusted for iflatio.

7 8. Audiece treds are flat or i declie. Although the umber of musical theater attedees has grow, they remai largely costat as a percetage of the populatio. Prelimiary survey results show a declie i the umber ad percetage of o-musical theater attedees from 1992 to The survey asked America adults whether they had atteded ay play i the last 12 moths, with the exceptio of elemetary ad high school performaces. 7 Percetage of U.S. Adults Attedig Theater over a 12-Moth Period Musical theater Theater (o-musical) % (32 millio 13.5% (25 millio 17.1% (35 millio 12.3% (25 millio Early results % (37 millio 9.4% (21 millio Data source: Survey of Public Participatio i the Arts, Natioal Edowmet for the Arts 9. Attedace treds do ot seem primarily related to ticket prices. Potetial Impact of Ticket Price Icreases o Noprofit Theater Attedace Theater ticket sales do ot appear to respod strogly to price chages. Statistical models predict that a 20 percet price hike i low-ed subscriptio or sigle tickets will reduce total attedace by oly 2 percet. 8 These data suggest that total attedace does ot rise or fall i proportio to ticket price chages. Therefore, other factors are likely affectig the demad for theater. For that matter, oprofit theaters have goals beyod maximizig box-office reveue. I 2005, for istace, the average TCG theater served more tha 18,000 people through educatio ad outreach activities. 9 Whether or ot they improve box-office sales, programs with a clear civic iterest ca be key to raisig public ad private cotributios. Such programs ofte iclude exposig ew or uderserved audieces to performaces by offerig discouted tickets. 20% price icrease i: Data source: Theatre Commuicatios Group Attedace per performace: Total Subscriptio Sigle ticket Low-price subscriptios -2.0% -0.8%* -0.1%* High-price subscriptios +1.8%** +6.3% -0.9%* Low-price sigle tickets -1.6% -1.1%* -1.3%*** High-price sigle tickets +3.0% +2.1%* +7.4% ** = statistically sigificat at 94% *** = statistically sigificat at 93% * = ot statistically sigificat Results are based o a regressio aalysis of TCG member survey data from 1998 through Uless otherwise oted, estimates are sigificat at 95% or higher cofidece. This brochure was produced by the NEA s Office of Research & Aalysis i cosultatio with Bill O Brie, director of Theater & Musical Theater. The aalysis is based o research commissioed by the NEA from Thomas M. Smith, Emory Uiversity, ad Thomas H. Pollak, Natioal Ceter for Charitable Statistics at the Urba Istitute. Zaie Giraud Voss, Souther Methodist Uiversity, gave valuable techical advice. 1 this cout excludes theaters that did ot file IRS Form 990. Whe theaters filig the tax form are couted regardless of budget size, a ear-doublig still occurs: 3,416 i 2005 versus 1,751 i Fixed assets are defied as lad, buildigs, ad equipmet, mius accumulated depreciatio. 3 IRS Form 990 captures all types of cotributios, icludig what are referred to as restricted cotributios, ofte reported separately o fiacial statemets. 4 this fidig is based o a correlatio aalysis of the eared icome ratio (eared icome relative to all icome) ad the icidece of surpluses of reveues over expeses. The aalysis suggests that a favorable mix is whe 45 percet to 55 percet of oprofit theater icome is eared, with most of the remaider cotributed. 5 the models geeratig these results cotrolled for theater earigs, fudraisig expeses, ticket expeses, ad public relatios outlays. Eve whe the relatioship is modeled for fixed effects, which cotrol for idividual theater characteristics, additioal doatios from idividuals are almost $8 for every NEA grat dollar. 6 techically reported as program service reveue, these figures cosist largely of ticket sales, but they also iclude related items such as tourig cotract fees. 7 The 2008 Survey of Public Participatio i the Arts, desiged by the NEA ad coducted by the U.S. Cesus Bureau, obtaied a respose rate of 82 percet, for a total of more tha 18,000 adults. Full results of the survey will be available later i Further, icreases i attedace per performace appear to be liked with icreases i the highest ticket prices that theaters offer. See the related table. These results characterize the aggregate oprofit theater idustry, based o Theatre Commuicatios Group data. The fidigs may ot apply to idividual theaters. I 2005, the average high-priced subscriptio ticket was $29.89, while the average low-priced subscriptio ticket was $ Amog sigle tickets, the average high-ed price was $40.53; low-priced was $ theatre Commuicatios Group, Theatre Facts This fidig refers to TCG tred theaters, respodets to aual TCG fiacial surveys for each of the previous five years. 10 Departmet of Treasury, Iteral Reveue Service. Compliace Guide for 501(c)(3)Tax-Exempt Orgaizatios. Publicatio 4221 ( ), catalog umber 37054E. 11 Profiled theaters are defied as those respodig to TCG fiacial surveys i ay give year.

8 A Great Natio Deserves Great Art Pesylvaia Aveue, N.W. Washigto, DC (202) Not for sale Available for free at Cover photo: Phylicia Rashad i a scee from Licol Ceter Theater s productio of Berarda Alba. Photo by Paul Kolik.

T H E N O N P R O F I T S E C T O R I N B R I E F :

T H E N O N P R O F I T S E C T O R I N B R I E F : URBAN INSTITUTE T H E N O N P R O F I T S E C T O R I N B R I E F : Public Charities, Givig, ad Voluteerig, 2012 Amy S. Blackwood, Katie L. Roeger, ad Sarah L. Pettijoh This brief summarizes ad expads

More information

WHERE CHANGE IS POSSIBLE

WHERE CHANGE IS POSSIBLE WHERE CHANGE IS POSSIBLE gree workspaces AT TIDES, WE HAVE BEEN WORKING WITH PEOPLE LIKE YOU FOR MORE THAN 30 YEARS TO MAKE THE WORLD A BETTER PLACE. Our missio is to parter with philathropists, foudatios,

More information

France caters to innovative companies and offers the best research tax credit in Europe

France caters to innovative companies and offers the best research tax credit in Europe 1/5 The Frech Govermet has three objectives : > improve Frace s fiscal competitiveess > cosolidate R&D activities > make Frace a attractive coutry for iovatio Tax icetives have become a key elemet of public

More information

Section 3: Renters and Rental Units

Section 3: Renters and Rental Units Sectio 3: Reters ad Retal Uits About two millio New York City households roughly two-thirds ret their homes. Over the past decade retal housig has become less affordable to may New Yorkers. Give the dowtur

More information

How To Find FINANCING For Your Business

How To Find FINANCING For Your Business How To Fid FINANCING For Your Busiess Oe of the most difficult tasks faced by the maagemet team of small busiesses today is fidig adequate fiacig for curret operatios i order to support ew ad ogoig cotracts.

More information

perceptions of poverty the salvation army s report to america

perceptions of poverty the salvation army s report to america perceptios of poverty the salvatio army s report to america perceptios of poverty With a record 49.1 millio Americas approximately 1 i 6 livig i poverty today, it is more importat tha ever to raise awareess

More information

A guide to School Employees' Well-Being

A guide to School Employees' Well-Being A guide to School Employees' Well-Beig Backgroud The public school systems i the Uited States employ more tha 6.7 millio people. This large workforce is charged with oe of the atio s critical tasks to

More information

A powerful promise. The 21st Century Scholarship Covenant

A powerful promise. The 21st Century Scholarship Covenant A powerful promise The 21st Cetury Scholarship Coveat Keep your eye o the prize. We ll help you reach your goal. The greatest good you ca do for aother is ot just to share your riches, but to reveal to

More information

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY?

Investing in Stocks WHAT ARE THE DIFFERENT CLASSIFICATIONS OF STOCKS? WHY INVEST IN STOCKS? CAN YOU LOSE MONEY? Ivestig i Stocks Ivestig i Stocks Busiesses sell shares of stock to ivestors as a way to raise moey to fiace expasio, pay off debt ad provide operatig capital. Ecoomic coditios: Employmet, iflatio, ivetory

More information

CREATIVE MARKETING PROJECT 2016

CREATIVE MARKETING PROJECT 2016 CREATIVE MARKETING PROJECT 2016 The Creative Marketig Project is a chapter project that develops i chapter members a aalytical ad creative approach to the marketig process, actively egages chapter members

More information

Your grandmother and her financial counselor

Your grandmother and her financial counselor Sectio 10. Arithmetic Sequeces 963 Objectives Sectio 10. Fid the commo differece for a arithmetic sequece. Write s of a arithmetic sequece. Use the formula for the geeral of a arithmetic sequece. Use the

More information

Making training work for your business

Making training work for your business Makig traiig work for your busiess Itegratig core skills of laguage, literacy ad umeracy ito geeral workplace traiig makes sese. The iformatio i this pamphlet will help you pla for ad build a successful

More information

INVESTING IN SOCIAL CHANGE TOOLS FOR SOCIAL INNOVATION

INVESTING IN SOCIAL CHANGE TOOLS FOR SOCIAL INNOVATION INVESTING IN SOCIAL CHANGE TOOLS FOR SOCIAL INNOVATION At Tides, we have bee workig for more tha 30 years with people like you to make the world a better place. Our missio is to parter with activists,

More information

FACTSHEET 1: DEVELOPING A STRATEGIC MANAGEMENT PLAN

FACTSHEET 1: DEVELOPING A STRATEGIC MANAGEMENT PLAN FACTSHEET 1: DEVELOPING A STRATEGIC MANAGEMENT PLAN THIS FACTSHEET RELATES TO QUESTION 2.3 OF THE MSPI (MUSEUM STANDARDS PROGRAMME FOR IRELAND) 1. Itroductio Writig a Strategic Maagemet Pla ca provide

More information

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life

TIAA-CREF Wealth Management. Personalized, objective financial advice for every stage of life TIAA-CREF Wealth Maagemet Persoalized, objective fiacial advice for every stage of life A persoalized team approach for a trusted lifelog relatioship No matter who you are, you ca t be a expert i all aspects

More information

Commercial Real Estate Women Network

Commercial Real Estate Women Network Commercial Real Estate Wome Network About CREW Network Fouded i 1989, CREW Network is the idustry s premier busiess etworkig orgaizatio dedicated to ifluecig the success of the commercial real estate idustry

More information

FOCUS 2015 PATHWAYS EXTRAORDINARY EXPERIENCES COMMUNITY CONNECTIONS OPERATIONAL EXCELLENCE STRATEGIC PLAN. INSPIRE n TRANSFORM n CONNECT

FOCUS 2015 PATHWAYS EXTRAORDINARY EXPERIENCES COMMUNITY CONNECTIONS OPERATIONAL EXCELLENCE STRATEGIC PLAN. INSPIRE n TRANSFORM n CONNECT INSPIRE TRANSFORM CONNECT FOCUS 2015 STRATEGIC PLAN PATHWAYS EXTRAORDINARY EXPERIENCES COMMUNITY CONNECTIONS OPERATIONAL EXCELLENCE FOCUS 2015 is our refreshed strategic pla that builds o ad stregthes

More information

Prescribing costs in primary care

Prescribing costs in primary care Prescribig costs i primary care LONDON: The Statioery Office 13.50 Ordered by the House of Commos to be prited o 14 May 2007 REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 454 Sessio 2006-2007 18 May

More information

DC College Savings Plan Helping Children Reach a Higher Potential

DC College Savings Plan Helping Children Reach a Higher Potential 529 DC College Savigs Pla Helpig Childre Reach a Higher Potetial reach Sposored by Govermet of the District of Columbia Office of the Mayor Office of the Chief Fiacial Officer Office of Fiace ad Treasury

More information

Generating Real Value

Generating Real Value America s Private Sector Colleges ad Uiversities: Geeratig Real Value for Studets & Society Summer 2013 AMERICA SEEKS ANSWERS to some importat questios about postsecodary educatio. To cite just a few:

More information

How to read A Mutual Fund shareholder report

How to read A Mutual Fund shareholder report Ivestor BulletI How to read A Mutual Fud shareholder report The SEC s Office of Ivestor Educatio ad Advocacy is issuig this Ivestor Bulleti to educate idividual ivestors about mutual fud shareholder reports.

More information

A U T O M O T I V E I dustry Sapshot Growth Patter Two primary compoets of the automotive idustry are automotive services ad maufacturig (Source: U S Bureau of Ecoomic Aalysis) With respect to 2001 Gross

More information

Introducing Your New Wells Fargo Trust and Investment Statement. Your Account Information Simply Stated.

Introducing Your New Wells Fargo Trust and Investment Statement. Your Account Information Simply Stated. Itroducig Your New Wells Fargo Trust ad Ivestmet Statemet. Your Accout Iformatio Simply Stated. We are pleased to itroduce your ew easy-to-read statemet. It provides a overview of your accout ad a complete

More information

INTERNATIONAL BUSINESS PLAN EVENT 2016

INTERNATIONAL BUSINESS PLAN EVENT 2016 INTERNATIONAL BUSINESS PLAN EVENT 2016 The Iteratioal Busiess Pla Evet ivolves the developmet of a proposal to start a ew busiess veture i a iteratioal settig. Ay type of busiess may be used. The purpose

More information

UK Grant-making Trusts and Foundations

UK Grant-making Trusts and Foundations SECTOR INSIGHT UK Grat-makig Trusts ad Foudatios 2015 Tom Trayor Dr Catherie Walker dsc directory of social chage Published by the Directory of Social Chage (Registered Charity o. 800517 i Eglad ad Wales)

More information

How deductible plans work

How deductible plans work Idividual ad Family Plas DEDUCTIBLE PLANS How deductible plas work Deductible plas geerally offer lower mothly premiums i exchage for payig more out of your ow pocket for services covered by your health

More information

A Benchmark for Making College Affordable

A Benchmark for Making College Affordable A Bechmark for Makig College Affordable The Rule of 10 A white paper from Lumia Foudatio A Bechmark for Makig College Affordable Defiig the affordability problem College prices have icreased by 45 percet

More information

Comparing Credit Card Finance Charges

Comparing Credit Card Finance Charges Comparig Credit Card Fiace Charges Comparig Credit Card Fiace Charges Decidig if a particular credit card is right for you ivolves uderstadig what it costs ad what it offers you i retur. To determie how

More information

INDEPENDENT BUSINESS PLAN EVENT 2016

INDEPENDENT BUSINESS PLAN EVENT 2016 INDEPENDENT BUSINESS PLAN EVENT 2016 The Idepedet Busiess Pla Evet ivolves the developmet of a comprehesive proposal to start a ew busiess. Ay type of busiess may be used. The Idepedet Busiess Pla Evet

More information

CHAPTER 3 THE TIME VALUE OF MONEY

CHAPTER 3 THE TIME VALUE OF MONEY CHAPTER 3 THE TIME VALUE OF MONEY OVERVIEW A dollar i the had today is worth more tha a dollar to be received i the future because, if you had it ow, you could ivest that dollar ad ear iterest. Of all

More information

Allied Health Workforce Analysis Los Angeles Region

Allied Health Workforce Analysis Los Angeles Region F u d e d b y & p r e p a r e d f o r : Allied Health Workforce Aalysis Los Ageles Regio Timothy Bates, M.P.P. Susa Chapma, Ph.D, R.N. M A Y 2 0 0 8 October 2007 A report from The Allied Health Care Workforce

More information

Geometric Sequences and Series. Geometric Sequences. Definition of Geometric Sequence. such that. a2 4

Geometric Sequences and Series. Geometric Sequences. Definition of Geometric Sequence. such that. a2 4 3330_0903qxd /5/05 :3 AM Page 663 Sectio 93 93 Geometric Sequeces ad Series 663 Geometric Sequeces ad Series What you should lear Recogize, write, ad fid the th terms of geometric sequeces Fid th partial

More information

BUSINESS GROWTH PLAN EVENT 2016

BUSINESS GROWTH PLAN EVENT 2016 BUSINESS GROWTH PLAN EVENT 2016 The Busiess Growth Pla ivolves the idea geeratio ad strategy developmet eeded to grow a existig busiess. Participats i the Busiess Growth Pla will aalyze their curret busiess

More information

Evaluating Model for B2C E- commerce Enterprise Development Based on DEA

Evaluating Model for B2C E- commerce Enterprise Development Based on DEA , pp.180-184 http://dx.doi.org/10.14257/astl.2014.53.39 Evaluatig Model for B2C E- commerce Eterprise Developmet Based o DEA Weli Geg, Jig Ta Computer ad iformatio egieerig Istitute, Harbi Uiversity of

More information

I. Why is there a time value to money (TVM)?

I. Why is there a time value to money (TVM)? Itroductio to the Time Value of Moey Lecture Outlie I. Why is there the cocept of time value? II. Sigle cash flows over multiple periods III. Groups of cash flows IV. Warigs o doig time value calculatios

More information

PUBLIC RELATIONS PROJECT 2016

PUBLIC RELATIONS PROJECT 2016 PUBLIC RELATIONS PROJECT 2016 The purpose of the Public Relatios Project is to provide a opportuity for the chapter members to demostrate the kowledge ad skills eeded i plaig, orgaizig, implemetig ad evaluatig

More information

Predictive Modeling Data. in the ACT Electronic Student Record

Predictive Modeling Data. in the ACT Electronic Student Record Predictive Modelig Data i the ACT Electroic Studet Record overview Predictive Modelig Data Added to the ACT Electroic Studet Record With the release of studet records i September 2012, predictive modelig

More information

Valuing Firms in Distress

Valuing Firms in Distress Valuig Firms i Distress Aswath Damodara http://www.damodara.com Aswath Damodara 1 The Goig Cocer Assumptio Traditioal valuatio techiques are built o the assumptio of a goig cocer, I.e., a firm that has

More information

5/gallon. Earn. Then save. Cash Management. Control. Must Apply by 6/30/16. Save 25 /gallon on fuel purchases for the first 2 billing periods * ; then

5/gallon. Earn. Then save. Cash Management. Control. Must Apply by 6/30/16. Save 25 /gallon on fuel purchases for the first 2 billing periods * ; then Ear The save 25/gallo for the first 2 billig periods o fuel purchases with the ExxoMobil Busiess Card. * No miimum purchase requiremets ad o maximum savigs cap. Limited-time offer. Must apply by 6/30/16.

More information

GEOSPATIAL TECHNOLOGY I dustry Sapshot Growth Patter The geospatial techology idustry is defied as a iformatio techology field of practice that acquires, maages, iterprets, itegrates, displays, aalyzes,

More information

FIRE PROTECTION SYSTEM INSPECTION, TESTING AND MAINTENANCE PROGRAMS

FIRE PROTECTION SYSTEM INSPECTION, TESTING AND MAINTENANCE PROGRAMS STRATEGIC OUTCOMES PRACTICE TECHNICAL ADVISORY BULLETIN February 2011 FIRE PROTECTION SYSTEM INSPECTION, TESTING AND MAINTENANCE PROGRAMS www.willis.com Natioal Fire Protectio Associatio (NFPA) #25 a mai

More information

STUDENTS PARTICIPATION IN ONLINE LEARNING IN BUSINESS COURSES AT UNIVERSITAS TERBUKA, INDONESIA. Maya Maria, Universitas Terbuka, Indonesia

STUDENTS PARTICIPATION IN ONLINE LEARNING IN BUSINESS COURSES AT UNIVERSITAS TERBUKA, INDONESIA. Maya Maria, Universitas Terbuka, Indonesia STUDENTS PARTICIPATION IN ONLINE LEARNING IN BUSINESS COURSES AT UNIVERSITAS TERBUKA, INDONESIA Maya Maria, Uiversitas Terbuka, Idoesia Co-author: Amiuddi Zuhairi, Uiversitas Terbuka, Idoesia Kuria Edah

More information

Definition. Definition. 7-2 Estimating a Population Proportion. Definition. Definition

Definition. Definition. 7-2 Estimating a Population Proportion. Definition. Definition 7- stimatig a Populatio Proportio I this sectio we preset methods for usig a sample proportio to estimate the value of a populatio proportio. The sample proportio is the best poit estimate of the populatio

More information

Information for Programs Seeking Initial Accreditation

Information for Programs Seeking Initial Accreditation Iformatio for Programs Seekig Iitial Accreditatio Aswers to Frequetly- Asked-Questios (from www.abet.org/ew-to-accreditatio/) Assurig Quality l Stimulatig Iovatio This documet iteds to aswer may of the

More information

the way we do things PROCESSES

the way we do things PROCESSES the way we thik the way we do thigs REORGANIZING/REENGINEERING asae Diversity + Iclusio Strategic Pla 2012 2014 1 ASAE s Diversity + Iclusio Commitmet made possible by Prepared by Ibis Cosultig Group www.asaeceter.org/diversity

More information

Institute of Actuaries of India Subject CT1 Financial Mathematics

Institute of Actuaries of India Subject CT1 Financial Mathematics Istitute of Actuaries of Idia Subject CT1 Fiacial Mathematics For 2014 Examiatios Subject CT1 Fiacial Mathematics Core Techical Aim The aim of the Fiacial Mathematics subject is to provide a groudig i

More information

1 Correlation and Regression Analysis

1 Correlation and Regression Analysis 1 Correlatio ad Regressio Aalysis I this sectio we will be ivestigatig the relatioship betwee two cotiuous variable, such as height ad weight, the cocetratio of a ijected drug ad heart rate, or the cosumptio

More information

AN ECONOMIC ANALYSIS OF VISVESVARYA URBAN COOPERATIVE BANK

AN ECONOMIC ANALYSIS OF VISVESVARYA URBAN COOPERATIVE BANK 62 AN ECONOMIC ANALYSIS OF VISVESVARYA URBAN COOPERATIVE BANK K. Ravichadra, Deputy Director, Istitute of Cooperative Maagemet, Thiruvaathapuram. V. Alagu Padia, Faculty Member, Istitute of Cooperative

More information

Giving in. St. Louis. 2012 Report from the Gateway Center for Giving on the State of Giving in the Greater. St. Louis. Metropolitan Region

Giving in. St. Louis. 2012 Report from the Gateway Center for Giving on the State of Giving in the Greater. St. Louis. Metropolitan Region Givig i St. Louis 2012 Report from the Gateway Ceter for Givig o the State of Givig i the Greater St. Louis Metropolita Regio Givig i St. Louis Foudatios i St. Louis....... 1 Types of Foudatios Assets

More information

Current Year Income Assessment Form

Current Year Income Assessment Form Curret Year Icome Assessmet Form Academic Year 2015/16 Persoal details Perso 1 Your Customer Referece Number Your Customer Referece Number Name Name Date of birth Address / / Date of birth / / Address

More information

INVESTMENT PERFORMANCE COUNCIL (IPC)

INVESTMENT PERFORMANCE COUNCIL (IPC) INVESTMENT PEFOMANCE COUNCIL (IPC) INVITATION TO COMMENT: Global Ivestmet Performace Stadards (GIPS ) Guidace Statemet o Calculatio Methodology The Associatio for Ivestmet Maagemet ad esearch (AIM) seeks

More information

FM4 CREDIT AND BORROWING

FM4 CREDIT AND BORROWING FM4 CREDIT AND BORROWING Whe you purchase big ticket items such as cars, boats, televisios ad the like, retailers ad fiacial istitutios have various terms ad coditios that are implemeted for the cosumer

More information

Harnessing Natural and Human Capital 2009 10

Harnessing Natural and Human Capital 2009 10 NATURAL RESOURCES INSTITUTE Haressig Natural ad Huma Capital 2009 10 www.ri.org Who we are The Natural Resources Istitute (NRI) is a specialist istitute of the Uiversity of Greewich. We provide research,

More information

GoVal Group Government Consulting and Valuation Advisory Group. real. Real expertise. Real choices. Real value.

GoVal Group Government Consulting and Valuation Advisory Group. real. Real expertise. Real choices. Real value. GoVal Group Govermet Cosultig ad Valuatio Advisory Group real. Real expertise. Real choices. Real value. Novogradac s GoVal Group Specialized cosultig services from a idustry leader. real choices. A uique

More information

Inland American s Exit

Inland American s Exit Report by UNITE HERE, December 2013 Becky Perrie, Sa Fracisco Research bperrie@uitehere.org/415-553-3276 Ilad America s Exit Will Ilad America Real Estate Trust take advatage of what it calls its very

More information

Lesson 17 Pearson s Correlation Coefficient

Lesson 17 Pearson s Correlation Coefficient Outlie Measures of Relatioships Pearso s Correlatio Coefficiet (r) -types of data -scatter plots -measure of directio -measure of stregth Computatio -covariatio of X ad Y -uique variatio i X ad Y -measurig

More information

Hypothesis Tests Applied to Means

Hypothesis Tests Applied to Means The Samplig Distributio of the Mea Hypothesis Tests Applied to Meas Recall that the samplig distributio of the mea is the distributio of sample meas that would be obtaied from a particular populatio (with

More information

Withdrawals with SunAmerica Income Plus 6% SM

Withdrawals with SunAmerica Income Plus 6% SM Guaratee cliets Withdrawals with SuAmerica Icome Plus 6% SM More Now More Later More Flexibility Growth with SuAmerica Icome Builder 8% SM For fiacial professioal use oly. Not for distributio to the public.

More information

Information about Bankruptcy

Information about Bankruptcy Iformatio about Bakruptcy Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea Isolvecy Service of Irelad Seirbhís Dócmhaieachta a héirea What is the? The Isolvecy Service of Irelad () is a idepedet

More information

Patentability of Computer Software and Business Methods

Patentability of Computer Software and Business Methods WIPO-MOST Itermediate Traiig Course o Practical Itellectual Property Issues i Busiess November 10 to 14, 2003 Patetability of Computer Software ad Busiess Methods Tomoko Miyamoto Patet Law Sectio Patet

More information

Interval Fund Investing - Mutual Fund Access to Alternative Investments

Interval Fund Investing - Mutual Fund Access to Alternative Investments White Paper Iterval Fud Ivestig - Mutual Fud Access to Alterative Ivestmets Idividual ivestors have log wished for the same access istitutios have to alterative ivestmets. Iterval fuds have potetial to

More information

Forecasting. Forecasting Application. Practical Forecasting. Chapter 7 OVERVIEW KEY CONCEPTS. Chapter 7. Chapter 7

Forecasting. Forecasting Application. Practical Forecasting. Chapter 7 OVERVIEW KEY CONCEPTS. Chapter 7. Chapter 7 Forecastig Chapter 7 Chapter 7 OVERVIEW Forecastig Applicatios Qualitative Aalysis Tred Aalysis ad Projectio Busiess Cycle Expoetial Smoothig Ecoometric Forecastig Judgig Forecast Reliability Choosig the

More information

WORKFORCE INVESTMENTS:

WORKFORCE INVESTMENTS: istitute for higher educatio leadership & policy WORKFORCE INVESTMENTS: State Strategies to Preserve Higher-Cost Career Educatio Programs i Commuity ad Techical Colleges NANCY SHULOCK JODI LEWIS CONNIE

More information

RISK TRANSFER FOR DESIGN-BUILD TEAMS

RISK TRANSFER FOR DESIGN-BUILD TEAMS WILLIS CONSTRUCTION PRACTICE I-BEAM Jauary 2010 www.willis.com RISK TRANSFER FOR DESIGN-BUILD TEAMS Desig-builD work is icreasig each quarter. cosequetly, we are fieldig more iquiries from cliets regardig

More information

Houston Independent School District

Houston Independent School District Housto Housto Idepedet School District Program Name: Implemeted: Program Type: Legal Authorizatio: Weighted Studet Formula 2000-2001 School Year District-Wide School Board Policy School Empowermet Bechmarks

More information

Research Method (I) --Knowledge on Sampling (Simple Random Sampling)

Research Method (I) --Knowledge on Sampling (Simple Random Sampling) Research Method (I) --Kowledge o Samplig (Simple Radom Samplig) 1. Itroductio to samplig 1.1 Defiitio of samplig Samplig ca be defied as selectig part of the elemets i a populatio. It results i the fact

More information

Introductory Explorations of the Fourier Series by

Introductory Explorations of the Fourier Series by page Itroductory Exploratios of the Fourier Series by Theresa Julia Zieliski Departmet of Chemistry, Medical Techology, ad Physics Momouth Uiversity West Log Brach, NJ 7764-898 tzielis@momouth.edu Copyright

More information

Supply Chain Management

Supply Chain Management Supply Chai Maagemet LOA Uiversity October 9, 205 Distributio D Distributio Authorized to Departmet of Defese ad U.S. DoD Cotractors Oly Aim High Fly - Fight - Wi Who am I? Dr. William A Cuigham PhD Ecoomics

More information

IMPROVING LEARNING AND REDUCING COSTS New Models for Online Learning

IMPROVING LEARNING AND REDUCING COSTS New Models for Online Learning IMPROVING LEARNING AND REDUCING COSTS New Models for Olie Learig Established i 1999 as a uiversity Ceter at RPI fuded by the Pew Charitable Trusts Became a idepedet o-profit orgaizatio i 2003 Missio: help

More information

Sage Software Nonprofit Solutions 12301 Research Blvd Building IV, Suite 350 Austin, TX 78759. 866-831-0615 www.sagenonprofit.com

Sage Software Nonprofit Solutions 12301 Research Blvd Building IV, Suite 350 Austin, TX 78759. 866-831-0615 www.sagenonprofit.com Sage Software Noprofit Solutios 12301 Research Blvd Buildig IV, Suite 350 Austi, TX 78759 866-831-0615 www.sageoprofit.com 2006 Sage Software, Ic. All rights reserved. The Sage Software logo ad the Sage

More information

Bond Valuation I. What is a bond? Cash Flows of A Typical Bond. Bond Valuation. Coupon Rate and Current Yield. Cash Flows of A Typical Bond

Bond Valuation I. What is a bond? Cash Flows of A Typical Bond. Bond Valuation. Coupon Rate and Current Yield. Cash Flows of A Typical Bond What is a bod? Bod Valuatio I Bod is a I.O.U. Bod is a borrowig agreemet Bod issuers borrow moey from bod holders Bod is a fixed-icome security that typically pays periodic coupo paymets, ad a pricipal

More information

BENEFIT-COST ANALYSIS Financial and Economic Appraisal using Spreadsheets

BENEFIT-COST ANALYSIS Financial and Economic Appraisal using Spreadsheets BENEIT-CST ANALYSIS iacial ad Ecoomic Appraisal usig Spreadsheets Ch. 2: Ivestmet Appraisal - Priciples Harry Campbell & Richard Brow School of Ecoomics The Uiversity of Queeslad Review of basic cocepts

More information

NASUWT. Briefing for teachers on the special educational needs and disability (SEND) reforms. The Teachers Union. Teachers

NASUWT. Briefing for teachers on the special educational needs and disability (SEND) reforms. The Teachers Union. Teachers The Teachers Uio Briefig for teachers o the special educatioal eeds ad disability (SEND) reforms Teachers Itroductio Special educatioal eeds ad disability (SEND) reforms were itroduced i 2014. I order

More information

DEPARTMENT OF TREASURY FORECASTING ACCURACY OF THE ACT BUDGET ESTIMATES

DEPARTMENT OF TREASURY FORECASTING ACCURACY OF THE ACT BUDGET ESTIMATES DEPARTMENT OF TREASURY FORECASTING ACCURACY OF THE ACT BUDGET ESTIMATES May 008 . Executive Summary Every public or private orgaisatio that produces projectios or forecasts also evaluates their performace.

More information

No One Benefits. How teacher pension systems are failing BOTH teachers and taxpayers

No One Benefits. How teacher pension systems are failing BOTH teachers and taxpayers No Oe Beefits How teacher pesio systems are failig BOTH teachers ad taxpayers Authors Kathry M. Doherty, Sadi Jacobs ad Trisha M. Madde Pricipal Fudig The Bill ad Melida Gates Foudatio ad the Joyce Foudatio.

More information

Audit of Assumptions for the March 2001 Budget. REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 304 Session 2000 2001: 7 March 2001

Audit of Assumptions for the March 2001 Budget. REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 304 Session 2000 2001: 7 March 2001 Audit of Assumptios for the March 2001 Budget REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 304 Sessio 2000 2001: 7 March 2001 Audit of Assumptios for the March 2001 Budget REPORT BY THE COMPTROLLER

More information

Gun Deaths Outpace Motor Vehicle Deaths in 21 States and the District of Columbia in 2014

Gun Deaths Outpace Motor Vehicle Deaths in 21 States and the District of Columbia in 2014 JANUARY 2016 Gu Deaths Outpace Motor Vehicle Deaths i 21 States ad the District of Columbia i 2014 WWW.VPC.ORG HISPANIC VICTIMS OF LETHAL FIREARMS VIOLENCE IN THE UNITED STATES VIOLENCE POLICY CENTER 1

More information

In June 2012, AORN surveyed its members

In June 2012, AORN surveyed its members Results of the 2012 AORN Salary ad Compesatio Survey DONALD R. BACON, PhD ABSTRACT AORN coducted its 10th aual compesatio survey for perioperative urses i Jue 2012. A multiple regressio model was used

More information

A Guide to Better Postal Services Procurement. A GUIDE TO better POSTAL SERVICES PROCUREMENT

A Guide to Better Postal Services Procurement. A GUIDE TO better POSTAL SERVICES PROCUREMENT A Guide to Better Postal Services Procuremet A GUIDE TO better POSTAL SERVICES PROCUREMENT itroductio The NAO has published a report aimed at improvig the procuremet of postal services i the public sector

More information

STRATEGIC PLAN 2015 2020

STRATEGIC PLAN 2015 2020 STRATEGIC PLAN 2015 2020 OUR MISSION Uited Way of Kig Couty brigs carig people together to give, voluteer ad take actio to help people i eed ad solve our commuity s toughest challeges. It takes everyoe

More information

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice.

I apply to subscribe for a Stocks & Shares NISA for the tax year 2015/2016 and each subsequent year until further notice. IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form IFSL Brooks Macdoald Fud Stocks & Shares NISA trasfer applicatio form Please complete usig BLOCK CAPITALS ad retur the completed form

More information

PFF2 2015/16. Assessment of Financial Circumstances For parents and partners of students. /SFEngland. /SF_England SFE/PFF2/1516/B

PFF2 2015/16. Assessment of Financial Circumstances For parents and partners of students. /SFEngland. /SF_England SFE/PFF2/1516/B PFF2 2015/16 Assessmet of Fiacial Circumstaces For parets ad parters of studets SFE/PFF2/1516/B /SF_Eglad /SFEglad Who should complete this form? Complete this form if you are: The studet s atural or adoptive

More information

How to use what you OWN to reduce what you OWE

How to use what you OWN to reduce what you OWE How to use what you OWN to reduce what you OWE Maulife Oe A Overview Most Caadias maage their fiaces by doig two thigs: 1. Depositig their icome ad other short-term assets ito chequig ad savigs accouts.

More information

Career Opportunities:

Career Opportunities: istitute for higher educatio leadership & policy policy brief Career Opportuities: Career Techical Educatio ad the College Completio Ageda SUMMARY OF: Part I: Structure ad Fudig of Career Techical Educatio

More information

Enhance Your Financial Legacy Variable Annuity Death Benefits from Pacific Life

Enhance Your Financial Legacy Variable Annuity Death Benefits from Pacific Life Ehace Your Fiacial Legacy Variable Auity Death Beefits from Pacific Life 7/15 20172-15B As You Pla for Retiremet, Protect Your Loved Oes A Pacific Life variable auity ca offer three death beefits that

More information

optimise your investment in Microsoft technology. Microsoft Consulting Services from CIBER

optimise your investment in Microsoft technology. Microsoft Consulting Services from CIBER optimise your ivestmet i Microsoft techology. Microsoft Cosultig Services from Microsoft Cosultig Services from MICROSOFT CONSULTING SERVICES ca help with ay stage i the lifecycle of adoptig Microsoft

More information

Agricultural & Agri-Business Grant Opportunities. Presented By: Connie Miner Grant Consultant

Agricultural & Agri-Business Grant Opportunities. Presented By: Connie Miner Grant Consultant Agricultural & Agri-Busiess Grat Opportuities Preseted By: Coie Mier Grat Cosultat NYS Dept. of Agriculture & Markets: Overview of eligibility requiremets: Agricultural & Farmlad Protectio Boards Erie

More information

A Guide to the Pricing Conventions of SFE Interest Rate Products

A Guide to the Pricing Conventions of SFE Interest Rate Products A Guide to the Pricig Covetios of SFE Iterest Rate Products SFE 30 Day Iterbak Cash Rate Futures Physical 90 Day Bak Bills SFE 90 Day Bak Bill Futures SFE 90 Day Bak Bill Futures Tick Value Calculatios

More information

Flood Emergency Response Plan

Flood Emergency Response Plan Flood Emergecy Respose Pla This reprit is made available for iformatioal purposes oly i support of the isurace relatioship betwee FM Global ad its cliets. This iformatio does ot chage or supplemet policy

More information

HOSPITAL NURSE STAFFING SURVEY

HOSPITAL NURSE STAFFING SURVEY 2012 Ceter for Nursig Workforce St udies HOSPITAL NURSE STAFFING SURVEY Vacacy ad Turover Itroductio The Hospital Nurse Staffig Survey (HNSS) assesses the size ad effects of the ursig shortage i hospitals,

More information

Life & Disability Insurance. For COSE Employer Groups with 10+ Employees

Life & Disability Insurance. For COSE Employer Groups with 10+ Employees Life & Disability Isurace For COSE Employer Groups with 10+ Employees Life ad Disability Isurace Offerig a great beefit like life ad disability isurace is a excellet way to help attract ad retai taleted

More information

Non-life insurance mathematics. Nils F. Haavardsson, University of Oslo and DNB Skadeforsikring

Non-life insurance mathematics. Nils F. Haavardsson, University of Oslo and DNB Skadeforsikring No-life isurace mathematics Nils F. Haavardsso, Uiversity of Oslo ad DNB Skadeforsikrig Mai issues so far Why does isurace work? How is risk premium defied ad why is it importat? How ca claim frequecy

More information

Present Value Tax Expenditure Estimate of Tax Assistance for Retirement Saving

Present Value Tax Expenditure Estimate of Tax Assistance for Retirement Saving Preset Value Tax Expediture Estimate of Tax Assistace for Retiremet Savig Tax Policy Brach Departmet of Fiace Jue 30, 1998 2 Preset Value Tax Expediture Estimate of Tax Assistace for Retiremet Savig This

More information

UNIT 3 SUMMARY STATIONS THROUGHOUT THE NEXT 2 DAYS, WE WILL BE SUMMARIZING THE CONCEPT OF EXPONENTIAL FUNCTIONS AND THEIR VARIOUS APPLICATIONS.

UNIT 3 SUMMARY STATIONS THROUGHOUT THE NEXT 2 DAYS, WE WILL BE SUMMARIZING THE CONCEPT OF EXPONENTIAL FUNCTIONS AND THEIR VARIOUS APPLICATIONS. Name: Group Members: UNIT 3 SUMMARY STATIONS THROUGHOUT THE NEXT DAYS, WE WILL BE SUMMARIZING THE CONCEPT OF EXPONENTIAL FUNCTIONS AND THEIR VARIOUS APPLICATIONS. EACH ACTIVITY HAS A COLOR THAT CORRESPONDS

More information

MainStay Funds IRA/SEP/Roth IRA Distribution Form

MainStay Funds IRA/SEP/Roth IRA Distribution Form MaiStay Fuds IRA/SEP/Roth IRA Distributio Form Do ot use for IRA Trasfers or SIMPLE IRA INSTRUCTIONS Before completig this form, please refer to the applicable Custodial Agreemet ad Disclosure Statemet

More information

WE KEEP GOOD COMPANY REVITALIZING STORES FOR BIG BRAND FRANCHISES CFG. Recapitalization. Growth Capital CAROLINA FINANCIAL GROUP

WE KEEP GOOD COMPANY REVITALIZING STORES FOR BIG BRAND FRANCHISES CFG. Recapitalization. Growth Capital CAROLINA FINANCIAL GROUP REVITALIZING STORES FOR BIG BRAND FRANCHISES Recapitalizatio Frachise ad Restaurats Growth Capital I ve spet my career buildig valuable restaurat frachises for some of the top QSR brads i America. We eeded

More information

The Forgotten Middle. research readiness results. Executive Summary

The Forgotten Middle. research readiness results. Executive Summary The Forgotte Middle Esurig that All Studets Are o Target for College ad Career Readiess before High School Executive Summary Today, college readiess also meas career readiess. While ot every high school

More information

TRINITY FEASIBILITY STUDY IN ADMISSIONS APPLICATION GUIDE 2016

TRINITY FEASIBILITY STUDY IN ADMISSIONS APPLICATION GUIDE 2016 TRINITY FEASIBILITY STUDY IN ADMISSIONS APPLICATION GUIDE 2016 Table of Cotets 1. Foreword 1 2. The New Admissios Route 2-3 3. Triity Feasibility Study Applicatio Guide 3-6 4. Triity Applicatio Form (sample

More information

Interval Fund Investing - Institutional Access

Interval Fund Investing - Institutional Access White Paper Iterval Fud Ivestig - Istitutioal Access Idividual ivestors have log wished for the same access istitutios have to alterative ivestmets. Iterval fuds have potetial to ulock this access for

More information

For customers Key features of the Guaranteed Pension Annuity

For customers Key features of the Guaranteed Pension Annuity For customers Key features of the Guarateed Pesio Auity The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Aego, to give you this importat iformatio to help you to decide whether

More information