Minors Trust Fund
Financial Resources for EBCI Members
Minors Trust Fund
Siyo! Welcome to our informational page about the EBCI Minors Trust Fund. We have put together several resources for your benefit. The EBCI Minors Trust Fund is administered by the Eastern Band of Cherokee Indians. This information is for the use of EBCI members only.
Lavita Hill is the EBCI Treasury Specialist. She oversees the Tribe’s current investment accounts, including Minors Trust Fund and Elected Officials Pension. Lavita’s contact information is email: lavihill@ebci-nsn.gov or office phone: 828-359-7085. Finance Department phone: 828-359-6001.
Connor Reed is the EBCI Treasury Analyst. He is responsible for the quarterly distributions of the Minors Trust Fund and manages the annual VITA service for the community. If you need assistance with a Minors Trust Fund application, please contact Connor at email: connreed@ebci-nsn.gov or office phone: 828-359-6640.
Online Account Access
EBCI Treasury Office partnered with USI Consulting Group to bring you online access to your Minors Trust Fund Account. Every participant in the Minors Trust Fund has online access to their information. You can use the portal to view your account balance, view quarterly statements, and retrieve your 1099-Misc tax forms. Use the instructions below to register your account.
Applications
Return completed applications to Department of Treasury, PO Box 455, Cherokee, NC 28719 or hand delivered to 468 Sequoyah Trail, Cherokee, NC 28719. *Forms must be notarized and contain all backup documents to be considered complete*
Application Deadlines
Housing
If you want to use your minors trust fund for a housing purchase, our office is happy to assist you. We’ve created a Housing Guide, and we will help you maximize your trust fund distribution according to the Minors Fund distribution for housing guidelines.
Buying a house is a great investment. Please be aware that your Minors Fund disbursement is taxed at 25% for a federal tax withholding. We do not withhold any portion for state taxes, but the total Minors Fund distribution is taxable income.
You must log in to the online portal to access your account balance if you are planning to purchase a house with your Minors Fund. You will need to know your account balance to update your housing worksheet.
Developing Financial Literacy
The EBCI Department of Treasury and the EBCI Investment Committee are pleased to offer a new Financial Literacy program for all – StockTrak. This program is geared to students Grade 4 and higher, well into adulthood. Check it out! https://edu.stocktrak.com/ebci/
Other Websites
- Age 18 Disbursement, financial skills test: www.manageyourebcimoney.org
- If you cannot print your financial skills certificate, no worries, the Treasury Office is happy to assist you, just send us an email once you’ve successfully completed all the modules.
FAQs
