Funds Statement for the Period Ended December 31, 2006

STATEMENT OF FUND ACTIVITY

BEGINNING BALANCE JAN. 1.......................... 3,580,081.56

ADDITIONS
Contributions/gifts to fund........................................ 2,396,949.76
Interfund gifts received................................................ 321,002.67
Pledged Contributions................................................. 299,913.50
Interest income............................................................. 87,828.88
Dividend income-Equity investments.............................. 44,348.79
Dividend income............................................................. 7,154.45
Other income.................................................................. 1,901.38
Capital gains/(losses)-Fixed income investments............. (8,687.64)
Capital gains/(losses)-Equity investments..................... 306,133.05

TOTAL FUND ADDITIONS................................. 3,456,544.84

DISTRIBUTIONS
Grants approved...................................................... 1,455,529.94
Interfund grants approved........................................... 286,752.67
Direct fund expenses............................................................ 24.00
Net project (income)/expenses.................................... 437,290.69
Administrative fees........................................................ 38,316.70

TOTAL FUND DISTRIBUTIONS......................... 2,217,914.00

TOTAL NET CHANGE......................................... 1,238,630.84

ENDING FUND BALANCE................................. 4,818,712.40

BALANCE SHEET

ASSETS
Money Market Portfolio............................................. 940,083.79
Fixed Income Portfolio............................................ 1,054,413.53
Equity Portfolio........................................................ 2,433,861.99
Merrill Lynch.............................................................. 106,098.50
Pledges Receivable..................................................... 199,913.50
Receivable From Security Sales.................................... 65,351.09
Fixed Assets................................................................. 18,990.00

TOTAL ASSETS.................................................... 4,818,712.40

LIABILITIES & FUND BALANCE
Fund Balance.......................................................... 4,818,712.40

TOTAL LIABILITIES & FUND BALANCE......... 4,818,712.40