Funds Statement for the Period Ended September 30, 2007

STATEMENT OF FUND ACTIVITY

BEGINNING BALANCE JAN. 1.......................... 4,818,712.40

ADDITIONS
Contributions/gifts to fund........................................ 1,457,138.83
Interfund gifts received.................................................. 26,500.00
Interest income............................................................. 93,218.27
Dividend income-Equity investments................................ 7,868.78
Dividend income............................................................. 3,676.90
Other income..................................................................... 975.00
Capital gains/(losses)-Fixed income investments............ 10,033.80
Capital gains/(losses)-Equity investments..................... 281,833.85

TOTAL FUND ADDITIONS................................. 1,881,245.43

DISTRIBUTIONS
Grants approved......................................................... 651,080.80
Interfund grants approved.................................................. 250.00
Investment management fees.............................................. 479.47
Net project (income)/expenses...................................... 81,151.62
Administrative fees........................................................ 34,341.24

TOTAL FUND DISTRIBUTIONS............................ 767,303.13

TOTAL NET CHANGE......................................... 1,113,942.30

ENDING FUND BALANCE................................. 5,932,654.70

BALANCE SHEET

ASSETS
Money Market Portfolio.......................................... 1,056,034.39
Fixed Income Portfolio............................................ 1,425,714.20
Equity Portfolio........................................................ 3,330,108.20
Pledges Receivable....................................................... 99,913.50
Fixed Assets................................................................. 20,884.41

TOTAL ASSETS.................................................... 5,932,654.70

LIABILITIES & FUND BALANCE
Fund Balance.......................................................... 5,932,654.70

TOTAL LIABILITIES & FUND BALANCE......... 5,932,654.70