Dear Trustees, 

Here is a brief financial report of where we are at the end of this year. Today I'm having trouble logging into Bank of America and so cannot report the exact amount of cash that we have on hand in those accounts (my apologies), but I believe there is less than $2k in each the general and special, so shouldn't impact our decision making too much. 

General Endowment

Total Assets in Morgan Stanley: $81,199.12

2016 Income: $5,960.85

2015 gift(s): $1,600  to Earth Quaker Action Team

Special Endowment

Total Assets in Morgan Stanley: $92,768.46

2016 Income: $4,281.72

2015 Gifts: Total of $5000. $1,250 to Equal Footing Foundation, $1,750 to Good Shepherd Mediation Program and $2,000 to Training for Change. 

Grant Recommendation:

We must give at least 50% of income from the general endowment, but we must also retain some income. I propose that we have a target of giving $3,000. 

We must give at least 5% of the assets of the special endowment. I propose that we round up and have a target of giving $5,000. 

It is likely that we will need to sell some assets in order to move enough cash into Bank of America to cut checks, but this is possible to do. 

Talk to you soon,

Lee