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CTK Endowment Fund |
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Financial Report |
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[for the Years Ended December 31, 2008 and 2007] |
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Endowment Fund Activity: |
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12/31/2008 |
12/31/2007 |
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Balance - Prior Year End |
122,434.71 |
121,633.50 |
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Contributions Received |
25,120.00 |
825.00 |
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Investment Income |
5,647.85 |
5,365.21 |
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Philanthropy |
(5,264.00) |
(5,064.00) |
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Administrative Expenses |
- |
(325.00) |
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Endowment Fund Balance at Year End |
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147,938.56 |
122,434.71 |
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Endowment Fund Schedule of Investments: |
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Date |
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Due |
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Purchased |
Investment |
12/31/2008 |
12/31/2007 |
Rate |
Date |
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Various |
Savings |
8,137.81 |
1,811.82 |
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Various |
Wells Fargo Money Market |
3,097.08 |
32,323.46 |
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6/30/2004 |
Pacific Capital CD |
- |
25,000.00 |
3.90% |
6/4/2008 |
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6/8/2005 |
Capital One Bank CD |
23,000.00 |
23,000.00 |
4.10% |
6/8/2009 |
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1/25/2008 |
Western Bank Puerto Rico |
25,000.00 |
- |
4.45% |
1/25/2010 |
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4/27/2005 |
Discover Bank CD |
12,000.00 |
12,000.00 |
4.50% |
4/27/2010 |
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6/14/2006 |
La Salle Bank CD |
- |
28,000.00 |
5.50% |
called in '08 |
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6/25/2008 |
Capital One Bank CD - Glen Allen |
40,000.00 |
- |
4.45% |
6/27/2011 |
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6/25/2008 |
Discover Bank CD - Greenwood |
36,000.00 |
- |
4.75% |
6/25/2012 |
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Total Investments |
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147,234.89 |
122,135.28 |
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Interest Receivable |
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703.67 |
299.43 |
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Endowment Fund Balance at Year End |
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147,938.56 |
122,434.71 |
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