KMHA: Policy # F16
Title: KMHA Hummel trust fund
Policy Statement: The Hummel family initiated the John Hummel Sr. Trust Fund shortly after his passing.
Guidelines for use and distribution of the fund are as follows:
Committee Structure:
KMHA Referee in Chief
KMHA Director of Finance
Hummel Family representative (or board of Directors Designate)
Mechanics of disbursement
Capital fund to be setup in interest or capital gains account. Interest earned over and above the capital, will be permitted to be spent on a yearly basis, provided there is a signature from two of the three members of the committee. Interest not spent in any one year will be considered to be part of the initial capital in the future.
The capital fund can only be spent with the agreement and signature of the Hummel Family representative.
Purpose of the Trust Fund: The trust fund should be structured to support the KMHA referees and/or the KMHA. For example up to two scholarships are available each year for promising young officials to upgrade their skills and levels