Howard Fund Deposits

The Howard Fund is an accumulation of savings and stocks which have been given by a wide array of sources, including individuals who are blind, families, friends, estates, and other private donations. All donations are tax exempt. Funds are deposited in certificates of deposit and the holdings of stocks. Cash savings are managed by the State Department of Treasury for the Howard Fund. Any estates or gifts assigned now or in the future shall become a part of this fund unless otherwise specified by the donor. The fund shall be used entirely for its designated purpose or as otherwise restricted by the donor. The Division of Accounting will clearly designate restricted funds and safeguard their specified expenditures.