STATEMENT OF FINANCIAL POSITION (Unaudited)

December 31, 2010


Assets    
Cash and cash equivalents $ 266,056
Investments   129,434,194
Beneficial Interest in Perpetual Trust   1,021,222
Receivables   2,546
Other assets   143,056
Property and equipment, net   2,988
TOTAL ASSETS $ 130,870,062
LIABILITIES    
Accounts payable and accrued expenses $ $88,101
Grant commitments   2,248,532
TOTAL LIABILITIES $ 2,336,633
Net Assets    
Unrestricted $ 73,639,087
Temporarily restricted   48,956,566
Permanently restricted   5,937,776
TOTAL NET ASSETS $ 128,533,429
TOTAL LIABILITIES AND NET ASSETS $ $130,870,062