Financials

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Statement of Activities for the Year Ended December 31, 2010
Net Assets January 1, 2010$148,176,067
REVENUES AND GAINS
Interest and Dividends$ 2,395,173
Contributions$ 486,166
Other Income$ 175,000
Net Realized and Unrealized Gain(Losses) on Long Term Investments$ 16,526,585
Total Unrestricted Revenues & Gains$19,582,924
EXPENSES
Grants$ 6,255,548
Decrease in Unconditional Grant Commitments( $520,000)
Administrative$ 1,875,963
Federal Excise Taxes$ 29,035
Total Expenses$ 7,640,546
Increase in Net Assets$ 11,942,378
Net Assets - December 31, 2010$160,118,444