Financials
Financial Statement
December 31, 2010
| ASSETS | Market | Cost |
| Common Stock | $ 38,190,585 | $ 31,566,075 |
|
Convertible Securities
|
$ 3,331,109
|
$ 3,600,753
|
| Fixed Income | $ 9,291,034 | $ 8,458,479 |
| Miscellaneous | $ 4,273,101 | $ 3,932,390 |
| Liquidity (Includes Checking) | $ 206,083 | $ 206,083 |
| Total Assets |
$55,271,912 | $ 47,763,780 |
Statement of Income and Disbursements
January 1, 2010 to December 31, 2010
| INCOME | |
|---|---|
| Dividends and Interest | $1,342,527 |
| Net Gain from Sale of Assets | $3,008,556 |
| Other Income/Loss | $409,138 |
| Total Income |
$4,760,221 |
| DISBURSEMENTS FROM INCOME | |
| Grants Paid | $3,349,904 |
| Investment and Administrative Expenses |
$633,835 |
| Excise Tax | $86,260 |
| Total Disbursements | $ 4,069,999 |
