2008 Quarterly Summary Reports  

Description 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year
** Opening Balance ** $ 124,759.36 $ 117,610.31 $ 108,842.26 $ 96,512.52 $ 124,759.36
Investment Income $ 3,505.33 $ 619.92 $ 1,220.35 $ 626.99 $ 5,972.59
Change in Market Value $ (10,827.49) $ (4,033.01) $ (13,189.25) $ (19,082.73) $ (47,132.48)
Gifts Received $ 535.00 $ - $ - $ 460.00 $ 995.00
Credit Card Fees $ - $ - $ - $ - $ -
Foundation Fee $ (354.96) $ (354.96) $ (360.84) $ (360.84) $ (1,431.60)
Investment Manager's Fee $ (6.93) $ - $ - $ - $ (6.93)
Grants Paid $ - $ (5,000.00) $ - $ - $ (5,000.00)
Program Expenses $ - $ - $ - $ - $ -
** Closing Balance ** $ 117,610.31 $ 108,842.26 $ 96,512.52 $ 78,155.94 $ 78,155.94

NET GAIN / LOSS [-5.7%]  $ (7,149.05) [-7.5%]  $ (8,768.05) [-11.3%]  $ (12,329.74)   [-19%]  $ (18,356.58) [-37.4%]  $ (46,603.42)