General Fund Balance Sheet, December 31, 2010
CURRENT ASSETS:

Cash and cash equivalents$ 2,790,615
Investments at market value75,108,192

Program-related investments at cost3,050,000
Accrued interest & dividends receivable 195,614
Other assets25,745
Total assets$81,170,166

CURRENT LIABILITIES:

Accrued expenses payable$ 32,655

GENERAL FUND:

Balance December 31, 201081,137,511
Total Liabilities and General Fund$81,170,166

Statement of Changes in General Fund Principal, December 31, 2010

General Fund balance – December 31, 2009 $ 73,654,268

ADDITIONS:

Investment income$ 1,986,010
Net gain from sale of securities2,377,846
4,363,856

$ 78,018,124

DEDUCTIONS:

Grants to beneficiaries$ 3,496,000
Administrative expenses632,597

Custody & investment advisory fees409,154
Depreciation 565
4,538,316
$ 73,479,808

Unrealized appreciation of securities during 20107,657,703

General Fund Balance – December 31, 2010$ 81,137,511