The treasurer's Report:

General Endowment:

$ 3,925 .00 cash at Wells Fargo Checking

$69,347.61 investments at Morgan Stanley

Special Endowment

$ 7,399.08 cash at Wells Fargo

$86,913.95 investments at Morgan Stanley

- recently transferred $6,000 from Morgan Stanley to Wells Fargo in anticipation grants to be approved at this meeting

chuck

Treasurer’s Reports:

Morgan Stanley estimates the dividend & interest income for the general endowment for the year at $1963.00.   Year to date capital gain realization has been $3812.64, so total general endowment income for the year is in the neighborhood of $5700.  By rule, we are to give at least half our income, and not so much as all of it.  So we could approve reasonably grant requests totaling anywhere from $3,000 to $5,000