Hedge Fund Focus

Idaho State Tobacco Fund

• Website: http://sto.idaho.gov/Services/MillenniumFund/
• Location: 304 North 8th Street, Room 208, Boise, Idaho 83702
• Phone: +1 208.334.3200
• Regulations:
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Description From Website:

The Idaho Millennium Fund was established as an endowment fund to receive, invest, and disburse funds that the State of Idaho is receiving as a result of the master settlement agreement reached with tobacco companies. The master settlement agreement was a class-action lawsuit in which states sued the tobacco companies for marketing to minors via cartoons, sports teams, celebrities, etc. The states prevailed and each year they receive money from this ruling. The money is used to help prevent underage tobacco use and to help educate about the dangers associated with tobacco use.

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