 |
 |
|
Year ended December 31, 2010
|
| |
| Assets |
Market |
Cost |
| Cash and cash equivalents |
$7,055 |
$7,055 |
| Investments |
$442,661 |
$387,032 |
| Total |
$449,716 |
$394,087 |
|
| |
Statement of Income and Expenses for the year 2010
|
| |
| Income |
| Investment Income |
| Interest | $3 |
| Dividends |
$8,664 |
| Gain (loss) on sale of investments |
$13,434 |
| Total Income |
$22,101 |
|
| |
Expenses
|
| Grants paid |
$53,000 |
| Administrative expenses |
$15,000 |
| Investment management services |
$2,715 |
| Federal excise tax |
$0 |
| Legal and accounting |
$1,400 |
| Miscellaneous |
$185 |
| Total Grants and Expenses |
$72,300 |
| Change in Net Assets |
$(50,199) |
|
|
 |
