Artists' Benevolent Fund

The Artists' Benevolent Fund was instituted in 1810 and incorporated by royal charter on 2 August 1827. It has also been referred to as the Artists' Fund and the Artists' Joint Stock Fund.

As of 1851, it was one of two charitable funds established for purposes relative to those who had been unfortunate in the practice of the fine arts, the other being the Artists' General Benevolent Institution.

As of 1852, it consisted of two separate and distinct branches: the Artists' Annuity Fund, and the Artists' Benevolent Fund. The first was supported by the contributions of its members, for their own relief in sickness or superannuation. All artists of merit in painting, sculpture, architecture, and engraving, were eligible to become members, the annual payments to which were regulated by the age of the member, increasing a small sum every year. The amount of funded property was £14,900, exclusively the property of the members themselves. The second was supported by the patrons of the Fine Arts, for the relief of the widows and orphans of the members of the Annuity Fund. And the whole was under the direction of the president, and ten subscribers to the Benevolent Fund, annually elected by the subscribers, and five members of the Annuity Fund, annually elected by its members. Every artist proposed as a member of the Annuity Fund, had to be balloted for, and approved by the committee of the Benevolent Fund, in order to entitle his widow and children to its benefits. The benefits of this fund were extended to about 40 widows and 22 orphans, the former receiving £18, and the latter £5 annually. The income for this purpose was about £1,200 per annum, derived half from dividends, and the other half from present voluntary contributions.

Benevolence

Benevolence (Latin portmanteau, bene + volence) means good will or disposition to do good. "Benevolence" may also refer to:

See also

Benevolent (band)

Benevolent is an extreme/experimental metal band formed in 2007 by Lebanese brothers Hadi and Fadi Sarieddine. Formerly based in Kuwait, the band is now UAE-based.

History

Formation & Lineup Changes (2007–2009)

Benevolent was founded by brothers Hadi Sarieddine and Fadi Sarieddine in May 2007 under the name Eminence. The band had initially started as a cover band for music by bands such as Opeth, Tool, and other music.

In 2008, the band released its first single titled "Solace", which was a mellow and ambient track with Fadi Sarieddine on cleans vocals.

In mid-2009, the band was joined by Adel Al-Qattan on guitars, and Bader Nana on drums. The band soon began writing original material, which culminated in two track: "Corporatacide" and "Augmented". (The song "Augmented" was later released on the band's debut EP under the name "The Tyrant"). The sound that the band presented in the two new releases declared a new direction and change of sound that the band is moving toward, in comparison to the band's previous release "Solace", the new tracks were very heavy, and with the vocals shifting to growls throughout. However, the band carried forward the ambient and atmospheric elements into their new direction.

Fund

Fund may refer to:

475 fund

In United States tax law, a section 475(f) fund is a hedge fund that elects to mark to market all its unrealized gains and losses, as allowed by the provisions of section 475(f) of the Internal Revenue Code. This can lead to a much faster recognition of gain, but also lessens the tax fees due to the high cost of performing the appropriate analysis for a non-475 fund.

References

130–30 fund

A 130–30 fund or a ratio up to 150/50 is a type of collective investment vehicle, often a type of specialty mutual fund, but which allows the fund manager simultaneously to hold both long and short positions on different equities in the fund. Traditionally, mutual funds were long-only investments. 130–30 funds are a fast-growing segment of the financial industry; they should be available both as traditional mutual funds, and as exchange-traded funds (ETFs). While this type of investment has existed for a while in the hedge fund industry, its availability for retail investors is relatively new.

A 130–30 fund is considered a long-short equity fund, meaning it goes both long and short at the same time. The "130" portion stands for 130% exposure to its long portfolio and the "30" portion stands for 30% exposure to its short portfolio. The structure usually ranges from 120–20 up to 150–50 with 130–30 being the most popular and is limited to 150/50 because of Reg T limiting the short side to 50%.