Summary Report of The Carl B. Kern Fund

for the First Quarter Ended 03/31/96

Received by the Kern Fund Advisory Board Chair on 5/20/96:

Opening Balance as of January 1 ................ $ 59,570.37
    
Investment Income ................................. + 608.10
Foundation Distribution ............................... 0.00
Change in Market Value ............................ + 551.30
Gifts Received .................................... + 940.00
Interfund Transfers ................................... 0.00
Broker Fees/Commission ................................ 0.00
Foundation Fees .................................... - 59.31
Bank Fees .......................................... - 57.80
Grants Paid ........................................... 0.00
Program Expenses ................................ - 1,000.00
    
Ending Balance for First Quarter ............... $ 60,552.66

Return to The Carl B. Kern Fund Home Page.