Financial Statements

General Fund Balance Sheet
December 31, 2009

ASSETS:

Cash and cash equivalents

$3,930,800

Investments at Market Value

66,424,847

 Program-Related Investments at Cost             

          3,050,000

Accrued Interest and Dividends Receivable

234,190

Other Assets

          39,105

Total Assets:

$73,678,942

CURRENT LIABILITIES:

 

Accrued Expenses Payable

$24,674

GENERAL FUND:

 

Balance December 31, 2009

73,654,268

Total Liabilities and General Fund

$73,678,942

 

Statement of Changes in General Fund Principal
For the year ended December 31, 2009

General Fund Balance - December 31, 2008

 

$65,811,989

ADDITIONS:

 

 

Investment Income

$1,900,101

 

Income (loss) from sale of security

(3,088,199)

  (1,188,098)

 

$64,623,891

DEDUCTIONS:

 

 

Grants to beneficiaries

$3,949,500

 

Administrative Expenses

566,648

 

Custody & investment advisory fees

385,480

 

Depreciation

           565

  4,902,193

 

$59,721,698

Unrealized appreciation of securities during 2009

  13,932,570

Fund balance at December 31, 2009

$73,654,268