Financial Report

Receipts, Disbursements, and Fund Balances

fiscal Year Ending April 30, 2007

Receipts                                                                                                              Gifts                                    $368,661.10

                                                                                                    Net Investment Income¹               297,770.25

         Special Events, net               3,804.05

Total                                    $670,235.40

Disbursements

         Grants                        ($163,791.62)

                                                                                                                                                                                                                                                     Administration                           (55,927.46)

                                                                                                                            Total                                   ($219,719.08)



Receipts net of Disbursements       $450,516.32

Fund Balance, beginning             $4,669,749.20



Fund Balance, ending                $5,120,265.52



Assets on Hand



     Cash                                  $6,188.17

     Total Investments²           $5,114,077.35

Total Assets                        $5,120,265.52

1) Income plus net realized gains, less investment expenses 2) Includes Endowment Fund assets of $5,114,077.35 recorded at cost, having a fair market value of $5,685,949.97 as of April 30, 2007

The complete auditor’s report for the Fiscal Year ending April 30, 2007 is available for inspection upon request. In addition, a copy of the last financial report filed with the Department of State may be obtained from the Foundation, or by writing to the New York State Department of State, Office of Charities Registration, Albany, New York 12231.

XXXX

Receipts, Disbursements, and Fund Balances

Fiscal Year Ending April 30, 2006


	Gifts	$ 39,765.55
	Net Investment Income¹	$389,450.14
	Total		$429,215.69

Disbursements
	Grants	$155,560.00
	Special Events, net	$4,097.50
	Administration	$61,576.66
	Total		$221,234.16
Receipts net of Disbursements			$207,981.53

Fund Balance, beginning			$4,461,767.67
Fund Balance, ending			$4,669,749.20

Assets on Hand

April 30, 2006

Cash

$6,218.86

Investments²

$4,663,530.34

Total

$4,669,749.20

Fiscal Year Ending April 30,2005

Reciepts

Gifts

$1,524,894.29

Net Investment Income¹

$206,323.93

Total

$1,731,218.22

Disbursements

Grants

$139,951.69

Special Events, net

$1,109.00

Administration

$44,982.27

Total

$186,042.96

Receipts net of Disbursements

$1,545,175.26

Fund Balance, beginning

$2,916,592.41

Fund Balance, ending

$4,461,767.67

Assets on Hand

April 30, 2005

Cash

$8,096.18

Investments²

$4,453,671.49

Total

$4,461,767.67

1 Income plus net realized gains, less investment expenses.

2 Includes Endowment Fund assets of $4,453,671.49 recorded at cost, having a fair market value of $4,634,336.94 as of April 30, 2005.

The complete auditor’s report for the Fiscal Year ending April 30, 2005 is available for inspection upon request. In addition, a copy of the last financial report filed with the Department of state may be obtained from the Foundation, or by writing to the New York State Department of State, Office of Charities Registration, Albany, New York 12231.