ATA Youth Tennis – Scholarship Endowment
The benefits of participation in The Anguilla Tennis Academy’s program are many, but not every family can afford to enroll their children. Recognizing the need to make the benefits of the ATA Youth Tennis Program accessible to as many young people as possible, regardless of ability to pay, a New York family with long-time ties to Anguilla created and organized the “ATA Youth Tennis Scholarship Endowment”.
Each year, 4% of the funds assets will go directly to ATA to underwrite deserving young people who would otherwise not be able to participate.
Established in June, 2006, the fund is managed in New York City by UBS Global Asset Management. One of the world’s most important and successful financial and investment advisory institutions, UBS GAM manages over US $550 billion worldwide. UBS GAM specializes in long term asset allocation strategies ideally suited to the management of endowment funds, which require both low principal volatility and solid risk-adjusted returns. Supporters of the Anguilla Tennis Academy can feel confident that an investment in the Youth Scholarship Endowment will continue to benefit the program, and the youth of Anguilla, long into the future.
The Endowment is a restricted asset of the Anguilla Progressive Association of New York (APANY), a 501(c)3 corporation organized in 1996 to engage in charitable, educational and cultural activities. All contributions are therefore deductible for US taxpayers to the full extent of the law.