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Financials

Year ended December 31, 2008

Assets

Cash and equivalents $2,250
Investment income receivable $23,419
Investments $9,256,780
Total $9,282449

Liabilities and Net Assets

Accounts payable $5,950
Net Assets $9,276,499
Total $9,282,449

Summary Statement of Activities

Revenue and Gains

Interest & Dividends
$349,156
Net realized gains on investments ($1,214,221)
Net unrealized losses on investments   ($2,811,418)
Miscellaneous $4,537
Total ($3,671,946)

Expenses

Grants and program expenses $515,477
General and administrative $93,523
Investment and advisory services $65,357
Other $27,165
Total $701,522


Change in net assets (4,373,468)
Net Assets - Beginning $13,649,967
Net Assets - Ending $9,276,499