Origin and Background
The Baughman/Marinelli Opportunity Fund was established in 2008 (and enhanced in 2018) by Dave Baughman and Debbie Marinelli Baughman for the benefit of the members of the Baughman and Marinelli Families. The Opportunity Fund's primary goal is to encourage the members of their families to become productive members of their communities by encouraging diligent application of personal skills and by fostering education.
The fund allows family beneficiaries to apply to the fund for grants and/or loans in four specific areas -- Education, Purchasing or Refurbishing a Primary Residence, Earned Income Matching and Family Business Loans.
Education
Earned Income Matching
Earned Income Matching
Family members may apply for grants to pre-school, primary, secondary and private education as well as education at an accredited college or university, technical, vocational, music, art, religious or trade school.
Earned Income Matching
Earned Income Matching
Earned Income Matching
Family members may apply to the fund for year-over-year salary increases. The intent of this provision is to reward family members for continued growth in the workplace and to encourage saving money as a way of life.
Purchasing or Refurbishing of a Primary Residence
Purchasing or Refurbishing of a Primary Residence
Purchasing or Refurbishing of a Primary Residence
This provision would allow a family member to apply to the fund for money towards the purchase of a primary residence or for money to repair/re-model their primary residence.
Family Business
Purchasing or Refurbishing of a Primary Residence
Purchasing or Refurbishing of a Primary Residence
Family members may apply to the fund to establish, build, and/or maintain a business which is their primary source of income. In all cases, any amount of money granted would be in the form of a loan.