Financials
Financial Statement
December 31, 2011
ASSETS |
Market |
Cost |
| Common Stock | $31,165,114 | $31,190,196 |
|
Convertible Securities
|
$ 2,774,494
|
$ 3,377,425
|
| Fixed Income | $ 8,306,792 | $ 7,810,598 |
| Miscellaneous | $ 5,611,236 | $ 4,901,684 |
| Liquidity (Includes Checking) | $ 729,683 | $ 729,683 |
| Total Assets |
$48,587,319 | $48,009,586 |
Statement of Income and Disbursements
January 1, 2011 to December 31, 2011
| INCOME | |
|---|---|
| Dividends and Interest | $1,106,970 |
| Contributions | $ 12,300 |
| Net Gain from Sale of Assets | $2,501,496 |
| Other Income/Loss | ($54,942) |
| Total Income |
$3,565,824 |
| DISBURSEMENTS FROM INCOME | |
| Grants Paid | $2,740,848 |
| Investment and Administrative Expenses |
$621,720 |
| Excise Tax | $87,074 |
| Total Disbursements | $3,449,642 |
