Minors Trust Fund
Lavita Hill is the EBCI Treasury Specialist. She administers the Tribe’s current investments, including Minors Trust Fund. Her contact information is email: email@example.com or office phone: 828-359-7085.
Christi Climbingbear is the EBCI Treasury Analyst. She will take a lead role in the quarterly distribution of Minors Trust Fund. Her contact information is email: firstname.lastname@example.org or office phone: 828-359-6640.
Your Financial Future
Since your enrollment date, your Per Capita payments have been placed in the Minors Trust Fund. Your Minors Trust Fund is in an investment account that is available to you in staggered disbursements at age 18, age 21, and age 25. You may also access your Minors Trust Fund to purchase a house or for a one-time educational need or for a medical emergency. Guidelines for any Minors Trust Fund disbursement are printed on each application.
- Application for Early Disbursement for Housing Needs
- Application for Early Disbursement for Educational or Health Needs
- Application for Disbursement of EBCI Minors Trust Fund
Investing in You
Did you know all per capita payments made to you from your enrollment date until age 18 are deposited into your Minors Trust Fund account and your Minors Trust Fund is actually making money while you wait? This is an investment account.
Each per capita payment is known as principal. The EBCI guarantees you will receive, at a minimum, the full amount of principal when you exit the fund at age 25. Meanwhile, investment earnings on your account is called interest. Minors Trust Fund Statements are mailed quarterly from the Treasury Office. These statements show you the principal and interest earned in the account. If you have not received a statement in recent months, be sure to verify your mailing address is up to date with the Tribal Enrollment Office.
You now have online access to view your fund, along with access to quarterly statements and tax forms. Use the “How to enroll in online portal” instructions below.
Developing Financial Literacy
The EBCI Department of Treasury and the EBCI Investment Committee are pleased to offer a new Financial Literacy program for all – StockTrak. This program is geared to students Grade 4 and higher, well into adulthood. Check it out! https://edu.stocktrak.com/ebci/