Annual Report

Financial Statement

Summary of Account Covering the Period September 30, 2016 to September 30, 2017

Investments on Hand

Principal

Market Value 09/30/17

Market Value 09/30/18

Stock

$53,718,827 $54,426,934

Bonds

$14,576,045

$15,969,784

Cash

$2,690,374

$1,038,962

Alternatives

$515,972 $325,672

Total

$71,501,218

$71,761,352

Application of Funds During Year Ended 9/30/18

Income Collected

$8,071,387

Plus Net Transfer from Principal

$2,423,077

Total

$10,494,464

Payments of Charitable Commitments

     $4,583,966

Other Amounts Disbursed During Year Ended 9/30/18

Trustee Commissions (JPM)

$183,184

Federal Excise Tax

$79,236

Other Admin Expenses

$413,222

Subtotal

$675,642

Total

$5,259,608