Vincent DeMarinis Jr.
SCHOLARSHIP FUND
Submit Applications
By April 30, 2008
The recipient must be a practicing Catholic of the Palm Beach Diocese and a child, grandchild or sibling of a member in good standing of the K of C. The recipient must be accepted as a full time student at a Catholic grammar school, high school or college and be enrolled in the school year immediately following award notification of the scholarship.
Contact Nick Alessandria
561-798-6321
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Quick Facts about …
the K of C Annuity Program
Guaranteed Principal: No matter what “the market” does
Guaranteed Interest: Never earn less than 3%
Bonus Interest: With a balance of $10,000 or more, you earn a ¼% more.
Minimum: Opening deposit is $300 and additional deposits are $50 or more.
Tax-Deferred: Growth is tax-deferred and not subject to intangible tax
Fees, Expenses, Commissions: Are assumed by the Knights of Columbus, not you.
Withdrawal Options: Whether in a lump-sum, partial withdrawal, fixed monthly payout or a lifetime guaranteed income, you have flexibility
Flexibilty: Add periodically – as much as you want for as long as you want
Social Security: Is not effected if you leave your interest in your
annuity
Probate: Pays directly to your named beneficiary in days, avoiding
probate
Deposit History: Members added $120 million in 2000, $205 million in 2001, $330 million in 2002 and over $300 million in 2003
Current Interest Rate; 4.85 % TO 5.10 % from JULY. 1, 2007 to SEPT. 31, 2007 based on issue date and balance of account |
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August
Events
8th — Pasta Dinner 5-8:00 pm
11-12th — Lotto Ticket sales (after all Masses)
13th — Officers Meeting 7:30 pm Festival Hall
15th — Assumption of the Blessed Mother
18-19th — Lotto Ticket sales (after all Masses)
25-26th — Lotto Ticket sales (after all Masses)
27th — General Meeting 7:30pm Cultural
Center
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September
Events
1st — Lotto starts — benefits Vocations Fund
8th — Soccer Challenge 9-12am Portuguese Club
10th — Officers Meeting 7:30pm Festival Hall
22nd — Soccer Challenge Rain Date
23rd — Chili Cook-off 12:30-2:30pm Pavilion
24th — General Meeting 7:30pm Cultural
Center
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We held our Pasta Dinner on the 8th, and it was a fun and successful event, not to mention the food was great! This year the menu was expanded to include 2 types of pasta, a choice of red or white sauce, and Pasta Fagioli soup. We had a lot of help from many Knights and Ladies, too numerous to mention, but special thanks to Bob Kreitzman and Joe Nunez who co-chaired the event, and to Chris White. A great time was had by all, but some brothers who had signed up to help did not show. Please brothers, when you sign up for something, don’t just make a mental note, but write it down… that way you will not let anyone down. We have some good events planned for September, hope to see you there. Tony Perry
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