DSA Community Foundation - Duluth Superior Area Community

Transcription

DSA Community Foundation - Duluth Superior Area Community
continued from front page
Community Fund. Donors making gifts in 2008 are in bold type.
• Madeline Island Museum (SHSW) – $3,000 for the
Anishinaabe Homecoming project. Unrestricted Fund,
Grutzner Madeline Island Fund
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PHOTO BY STONEHOUSE PHOTOGRAPHY
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IN MEMORY OF:
Cyrus S. Collins
Madeleine Collins
Angie Ross Doring
Herb Frank
Eleanor Frostman
Dr. George Griese
Margaret Lytle Kierland
Mildred LaPointe
Orpha Locey
Mark Musolf
Arnie Nelson
Virginia Nelson
Florence Chisholm Henry Psota
Margaret Rdzak
Margaret “Mike” Vennum
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helping you make good
things happen
A P O S T L E
I S L A N D S
A RAEP A
T SY AFRUENAD
O SCT O
L EM IMS LUANNI D
A N A F F I L I AT E O F T H E D U L U T H S U P E R I O R A R E A C O M M U N I T Y F O U N D AT I O N
COMMUNITY FUND
APOSTLE ISLANDS AREA
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An affiliate of the Duluth Superior Area Community Foundation
300 Manypenny Avenue, P.O. Box 332, Bayfield, WI 54814 • 715-779-7021
COMMUNI
MUNITY
Y FUND
SPECIAL EDITION:
2009 Grants Announced at Public Event
2008 Annual Report Inside
Guests attending our public
Grants Program and Reception on
May 14 heard about nine area
projects made possible with grant
support from the Apostle Islands
Area Community Fund this year.
“We are pleased to be able to
award a total of $27,997,”
announced Patty Carver who
chaired the Grants Committee.
“It’s really inspiring to see what
organizations are able to accomplish with relatively small grants,”
Carver commented. Grants ranged
from just over $1,000 to the
maximum of $5,000.
Projects receiving funding in 2009
are:
2008 Tribute Gifts were received:
IN HONOR OF:
Lois Albrecht
Eleanor Bussey
Jeannette Caspari
John Caspari
Nelson Dahlin
Beta Bodin
Bette Ann Bell Fritz
Lisa Kierland McCally
The Apostle Islands Area Community Fund is a
permanent community endowment, made possible with
gifts large and small from over 250 individuals, families
and businesses. For information on applying for a grant,
making a gift, or creating a fund with a specific purpose
contact Lois Albrecht at our office: aiacf@centurytel.net
or 715-779-7021.
• Recreation Fitness Resources,
Inc. – $3097 for staff training
and two staff certifications.
Unrestricted Fund
• Madeline Island Music Camp –
$5,000 for staff support in preparation for their 25th
Anniversary in 2010. Unrestricted Fund
• Lake Superior Big Top Chautauqua – $1,170 for Apostle
Islands Youth & African Children’s Exchange. Human
Rights Fund
• First American Prevention Center – $2,560 to re-establish
a Junior Tribal Council. Unrestricted Fund
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PERMIT #12
BAYFIELD, WI 54814
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Tom George, Executive Director of the Madeline Island Music
Camp, receives a grant from Marcia Henry.
• Town of La Pointe – $3,000 for the Alternative Energy
Feasibility Study. Unrestricted Fund, Grutzner Madeline
Island Fund
APOSTLE ISLANDS AREA
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• Forgotten Wisdom, Inc. – $4,170 for the Red Cliff
Youth Radio Documentary project. Human Rights Fund,
Unrestricted Fund
S U M M E R
Grants Committee Chair, Patty Carver (l), and Marcia Henry (r)
spoke to over sixty people who attended this year’s Grants
Program.
• Bayfield County – $3,000 for a wind feasibility study
near Mt. Ashwabay. Unrestricted Fund
• Ashwabay Outdoor Educational Foundation, Inc. –
$3,000 toward a Park Development Design & Build
project. Unrestricted Fund
continued on back page
COMMUNI
MUNITY
Y FUND
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Jim & Cheryl Samples
Holly C. Sampson
Kevin & Dana Sandstrom
Nancy & Steve Sandstrom
Carlin Scanlan
Sheila & Edward S. Seim
Michelle & Tom Shrider
Vernon & Barbara Sieling
Nick S. & Nancy Sievers
Carl & Liz Silverman
Charles & Janet Simoneau
Howard & Leona Smith
Carolyn Sneed
Keith & Carol Sowl
Aaron E. Staab
Leo & Chris Stern
James A. Stolpestad
Becky Byers Strand
Susan L. Streitz
Virginia & Ed Stringer
Donald Stroot
Superior Charters, Inc.
John & Fran Swanson
John & Elizabeth Telford
Bud & Karen Thiel
John & Mary Thiel
Richard G. Thompson
Ralph & Loanne Thrane
Bayfield Farms, Inc.
Christine & James Torke
Lynn Torke
Michael Torke
Thomas & Lavetta Torke
Trudeau Construction, Inc.
Robert Tucker
Virginia Vogt Vance
Steve & Nami Vizanko
Richard & Florence Vogt
Lynne & Johanne von Trapp
WM Foundation
Evelyn Wright
Donald A. & Marilyn A. Youel
Anonymous Donors (3)
An affiliate of the Duluth Superior Area Community Foundation
300 Manypenny Avenue, P.O. Box 332, Bayfield, WI 54814
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William & Marilyn Larson
Eric & Laurel Lein
James D. & Jan E. Leffler
Patricia Lenz & Michael Spencer
Drs. Sidney & Lynne Levitsky
Joseph M. Lievois
Bob & Diana Lind
Wayne & Gay Lindquist
Hal C. & Marty A. Liphart
Leslie Livingston & David Miller
Dave & Ann Locey
Judith Lokken-Strom
Mary & Robert Lunde
Doralu & Bill Lynch
Cray McCally
Lisa Kierland McCally
William F. & Mary T. McCarty
Dennis & Barbara McCann
Ann B. McKinney
Malcolm & Wendy McLean
Paul A. McLeod, M.D.
Debra McRoberts
Mains'l Services, Inc.
Tom & Judy Manley
William C. & Eunice C. Matthews
Dorothy S. Merchant
Metropolitan Endodontics, Ltd.
Edward & Dawn Michael
Marjorie K. Miller
Jane & Jim Moeller
Beverly T. Morcos
Thomas & Sally Morin
Dr. Mark Moskowitz
Mark E. Musolf & Jocelyn Jacobs
Musolf
Greg Navarro & Patricia Deragon
Monica Gray-Nelson
Jim & Betsy Newton
David & Bernice Nixon
Dan & Marilyn Nourse
Mrs. Lyman Nourse
Gerald R. O’Brien, M.D.
William P. & Evelyn C. O’Brien
Cari & Jeff Obst
Art & Joan Ode.
Phil & Sheree Peterson
Jerry & Mary Phillips
Margot H. Phillips & Mary H. Smith
Judith Polich
Pomeroy Family Foundation
Port Superior Village Association, Inc.
Sandy Pratt
Ted & Theresa Priem
Patrick & Barbara Provo
Tom & Liz Purcell
Gene & Carole Qualle
Racheli's at Twin Silos
Thomas J. Radtke
Michael & Kathleen Radtke
Dean Rau & Sarah Lund
Reed Realty
Larry A. Reiten
Sarah Renner
Mary H. Rice Foundation
Kent & Dorothy Richmond
Gary H. Rieman
Mark Rogers
Betty W. & Peter M. Rogers
Roe and Meyer, S. C.
Constance & Hamilton N. Ross
Sally & Ham Ross
Elizabeth Rumsey & Stephen Rice
Gary Russell & Robin TrinkoRussell
David Saetre & Janet Bewley
ADDRESS CORRECTION REQUESTED
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Mr. & Mrs. David Ekstrand
H. Michael Eldred & Katherine
Kitchell
Elizabeth Emery
Daniel Engstrom & Barbara Coffin
Dennis & Susan Farrell
Bill & Claudia Ferraro
Alan & Beth Fischlowitz
Susanne B. Fisher
Carl & Margie Frederickson
Tom & Roxanne Frizzell
Warren & Beth Ann Gall
Larry & Patricia Gansluckner
Mr. & Mrs. James P. Gardner
Mark & Julie Gaukler
Preston & Jody Gee
Elbridge & Barbara Gerry
Mary L. Gokey
Persis Gow
Donald & Barbara Graham
Margaret L. Griener
Mrs. George Griese
Eric & Barb Grutzner
Janice & Fritz E. Grutzner
Kris & Fritz P. Grutzner
Joanne Hadland
Robert Hadland
Solvieg R. Hadland
Bill & Fran Halverson
Mr. & Mrs. Henry A. Harmon
Grandon & Dorothy Harris
Bruce Hartigan
Tim & Kitty Hartnett
Robert & Susan Hartzell
Thomas Heberlein & Elizabeth
Thomson
Burke & Marcia Henry
Joyce E. Henry
Mrs. William Hepner
Grant Herman & Gail Green
Living Adventure
Andy & Kitty Herriott
Sally & Bill Heytens
High China Poker for a Purpose Club
Virginia Hirsch & Charles Haycock
Ronald Hockin
Ray Hoefert & Kathy Harrison
Sarah M Houle-Johns
Neil J. Howk & Susan M. Larsen
Pugsley Fund of HRK Foundation
HRK Foundation
Stan & Mary Hunter
Ann & Terry Huntrods
Mary Lou & Pat Irvine
Tom & Paula Iverson
Mike & Connie Jackson
Beverly Jensch
Thomas & Marlene Jensch
Kathryn Jensen & Robert Bloecher
Curtis & Ruth Johnson
Jerry & Merodie Johnson
David Johnson & Mike Rasmus
William E. & Nancy Platt Jones
Eugene & Joy Jordan
Art & Martha Kaemmer
Peter & Lisa Kierland
Otto W. Knauth
Gary, Mae, Alex & Carleigh
Knowles
Keith Koenning & Patricia Murphy
Kolar Auto Group
Ernest and Janice Korpela
Robert Kramer & Susi Saxl
Tom & Kathy Kromroy
Howard J. & Ruby Larsen
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EDITION
SPECIAL
2008
Report
Annual
Inside
Lars & Nancy Akerberg
Don & Lois Albrecht
Jennifer E. Albrecht
Rolf & Helga Altena
Camilla A. and Howard R. Alton, Jr.
Terry & Heidi Anderson
Apostle Islands Realty, Inc.
Michael & Deanna Asbell
Associated Bank
Sam Atkins & Eileen Kajiwara
Jean P. Baker
Richard Baker & Gail Konop Baker
Mike & Jo Bailey
Kathleen M. Barri
Bayfield County Coffee Company
Bayfield Presbyterian Church
Rosamund Bell
R.E. & Barbara Bellows
Michael C. Berg
Kathy & Greg Bergner Apple Grove
Inn
Robert H. Biegert
Blue Vista Farm
Beta Bodin
Bonnie Bodin
Thomas & Jeanette Bodin
Bodin’s Inc.
John & Jo Boll
Bremer Bank, N.A.
Otto Bremer Foundation
Kari & Bob Breunig
Mr. & Mrs. Michal W. Bristol
Dan Bryant
Bayfield Brunch Bunch
Jean Buffalo
Mark & Kate Bugher
Martin and Sheryl Burkel
Richard R. Burns
Robert & Marilyn Buscher
Bill & Nancy Bussey
Terry C. Butler
Beth Meyers & Kevin Buzicky
John & Janet Cardle
Lars T. & Mary E. Carlson
Carolyn Foundation
Sarah & Jerry Caruso
Dick & Jody Carver
Arnie & Patty Carver
Jeanette Southmayd Caspari
John E. Caspari
Castille Family
Alan Chechik
James & Vicki Chossek
James A. Collier
Madeleine R. Collins
Jim & Joanne Collins
Gary E. Cooke
Sheila Coyle
Bill Cronon & Nan Fey
Frank & Gisela Crosby
Margaret V. Daly
Mary L. Gokey
Bill Damberg
Mary & LeRoy Dahlin
Robert L. Davidson
Gerald & Susan DePerry
Dr. Andrew Doroschak & Kathleen
Anderson
Robert O. Durfey
Megan & David Dzwonkowski
Celia G. Duquette
Virginia M. Duncan
Lucille Eckels
Victoria Erhart
Ehlers & Pierce CPAs
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PHOTO BY STONEHOUSE PHOTOGRAPHY
Thank you to all our donors whose gifts and pledges (as of 12/31/2008) are helping to build the Apostle Islands Area
Our Spring newsletter featured a live webcam view of the
Bayfield harbor and Madeline Island. We forgot to credit
Apostle Islands Realty for the photo
and webcam. You can see it anytime at
www.apostleislands.com/webcam.html
Thanks Kathleen!
MISSION
The Apostle Islands Area Community Fund
encourages private giving for the public good in
the Bayfield - Madeline Island - Red Cliff region.
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A n n u a l
Apostle Islands Operating Temporary Fund
support the work of the Community Fund.
Temporary Fund
Letter to the Community
Barbara and Robert Tucker Family Fund and the Eric and
Greetings to all our many friends! Our 2008 Annual
Laurel Lein Family Fund. All of these are open funds and
Report reflects the generosity and commitment of all the
additional contributions are welcome at any
individuals, families and businesses that have
time.
chosen to give back to the Bayfield – Madeline
I have enjoyed serving as the Advisory Board
Island – Red Cliff region through the Community
Chair over the last two years. In January
Fund. We greatly appreciate your continuing
I passed the gavel to Marcia Henry, who I know
support.
will continue to lead the Community Fund to
I invite you to review the list of grants
greater accomplishments.
awarded in November 2008. Eleven projects
In these challenging economic times many
received $26,185 in competitive grants. An
people have made it a priority to give where they
additional $42,285 to our non profit partners
Lavetta Torke
live; whether it’s seasonal or year around. The
through designated grants, rounds out our 2008
Community Fund provides a way for everyone,
stewardship role. Over our eight year history,
whether of significant wealth or modest means,
the Community Fund has awarded a total of
to make contribute to the long-term well being
$164,000 to 67 projects.
of our region.
In 2008, the Martin Hanson Conservation
To all our donors and future donors we
Endowment was created by an anonymous donor
extend our sincere gratitude.
in memory of Mr. Hanson. The fund is designated
Lavetta Torke
to support the work of the Friends of the Apostle
Advisory Board Chair,
Islands National Lakeshore. Two new family
2006-08
funds were also established; the Ward, Miriam,
Marcia Henry
Ashwabay Outdoor Educational Foundation
Fund provides support for Mt. Ashwabay
Recreation Area’s family-focused recreation,
arts and entertainment. Organizational
Endowment
Bayfield Community Education Foundation
Fund facilitates achievement of educational
excellence by students in the Bayfield School
District. Organizational Endowment
Bayfield Heritage Association Fund provides
on-going support to promote awareness,
appreciation and preservation of Bayfield’s
distinctive history. Organizational Endowment
CORE Endowment Fund supports CORE
Community Resources, Inc. in meeting the
needs of seniors who wish to age in place.
Organizational Endowment
Grutzner Madeline Island Fund supports
projects that enhance the quality of life on
Madeline Island. Field of Interest Endowment
Martin Hanson Conservation Endowment Fund*
supports the Friends of the Apostle Islands
National Lakeshore, Inc. and honors the legacy
of Martin A. Hanson. Designated Endowment
2008 Grants, Announced in November, Support Eleven projects
We thank 2008 Grants Committee Chair, Dick Carver and his committee, for their work reviewing applications.
The following projects received a total of $26,185 in competitive grants:
PHOTO BY STONEHOUSE PHOTOGRAPHY
• Christ Episcopal Church – $500 for Concerts at Christ
Church summer music series. Unrestricted Fund
• Northern Lights Services, Inc. – $2,681 for Project
Speak, a 6-week project to train parents how to interact
with their children to facilitate language development.
Unrestricted Fund
• Bayfield Regional Conservancy – $1,000 to expand the
Outreach Coordinator position. Unrestricted Fund
• La Pointe Community Clinic – $2,000 for Staff
Assistance to hire a Registered Nurse to help meet
increased patient visits. Unrestricted Fund, Grutzner
Madeline Island Fund
ADVISORY BOARD
Apostle Islands Area Family of Funds
R e p o r t
• Bayfield Heritage Association, Inc. – $2,991 toward
an Archiving Project for the “Past Perfect” system and
training. Unrestricted Fund
• Town of La Pointe – $2,500 toward Phase II of the
Alternative Energy Project to determine feasibility of wind
and/or solar energy for Madeline Island. Unrestricted
Fund, Grutzner Madeline Island Fund
• School District of Bayfield – $3,500 to support Our
Story Project, an eight-week middle school collaboration
to culminate in a community storytelling celebration and
feast in March 2009. Human Rights Fund
• Recreation Fitness Resources, Inc. – $3,113 toward
training two new Aquatics Facility Operators, swimming
instructors and other staff training. Unrestricted Fund,
Apostle Islands Charitable Temporary Fund
• New Horizons North – $3,000 for Train the Network,
project to train families and service providers working
with children on the Autism spectrum. Human Rights
Fund
• CORE Community Resources, Inc. – $1,900 for the
Senior Program Series, which promotes the health, safety
and wellness of older adults in our region. Unrestricted
Fund
• Northwoods Women, Inc. – $3,000 for the Community
Readiness project to determine attitudes and appropriate
education for children on violence prevention. Human
Rights Fund
Lindsay Hunt, Speech Language Pathologist, shares how
one family's life was changed after participating in Project
Speak.
Grants from the Apostle Islands Charitable Temporary
Fund:
Human Rights Fund supports projects that promote
tolerance and understanding, combat bigotry, racism,
and discrimination in the Apostle Islands area. Field
of Interest Endowment
Program Services Fund provides direct support for
the operating costs of the Apostle Islands Area
Community Fund. Designated Endowment
Lavetta Meyer Torke, 2008
Chair**
Peter M. and Betty W. Rogers Fund allows the
donors to actively participate in the grant making
process. Donor Advised Endowment
Marcia Henry, 2009 Chair
Unrestricted Funds respond to the changing needs of
the Apostle Islands region.
Permanently Named Funds and mature Acorn
Funds create a tradition of support, to address our
region’s changing needs. Unrestricted Endowment
Owner, Apple Grove Inn
Community Representative
Community Representative
Joe Bresette**
Director, Red Cliff Tribal Operations
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Managing Director, Employee Relations
Solutions LLC
Ray DePerry*
Executive Director, Red Cliff Housing
Authority
Owner, Brittany Cottages at Coole Park
Margie Frederickson, M.D.**
Family Practice Physician, SMDC
Fritz E. Grutzner
Community Representative
Kathryn L. Jensen*
Senior Philanthropic Advisor
Barbara McCann*
Community Representative
Beth Meyers
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Director, Madeline Island Library
* Term began 2009
** Term ended 2008
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2007
Public Support and Revenue
Contributions
$161,717
Interest and dividends
13,671
Net realized and unrealized gain
-414,695
Refunds of grants
0
__________
Total public support and revenue
-239,307
177,155
14,602
100,025
0
__________
SCHOLARSHIP FUNDS
Scholarships help deserving students pursue
an education they might not otherwise receive.
You can establish a scholarship fund to benefit
graduates from a particular school or community.
DONOR-ADVISED FUNDS
A donor-advised fund allows you to take an
active role in your philanthropy, by making grant
recommendations to charitable organizations.
291,782
Grants, Fees, and Operating Expenses
Grants
68,470
Bank trust fees
5,976
Miscellaneous
41
Functional expenses
Grant making
5,418
Fund raising
9,510
Public education
31,365
Management and general
1,932
__________
Total functional expenses
Constance Teisberg Ross
Lois Albrecht
Holly Sampson
President, Duluth Superior Area
Community Foundation
324 West Superior Street
Duluth, MN 55802
218-726-0232
hsampson@dsacommunityfoundation.com
www.dsacommunityfoundation.com
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ORGANIZATIONAL ENDOWMENT FUNDS
You can create a fund on behalf of an
organization or make additional contributions
to one of our established funds. Organizational
endowments provide long-term financial stability
to a nonprofit, allowing them to concentrate on
their mission.
4,495
11,118
31,993
1,524
__________
49,130
Total grants, fees, and operating __________
122,712
expenses
Change in net assets
-362,019
116,812
__________
Net assets, beginning of year
1,238,830
__________
1,413,800
__________
FUNDS FOR THE FUTURE
Donors can leave a legacy through a simple
bequest in a will, through a charitable lead
trust, a charitable remainder trust, or with a life
insurance policy. Creating a future fund to
benefit the Apostle Islands region can, in some
cases, allow you to realize financial benefits
during your lifetime and create a charitable fund
at a future date. Request our Handbook for
Donors for more information on ways to give.
174,970
1,413,800
__________
$1,051,781
__________
TEMPORARY FUNDS
Some donors prefer not to establish a permanent
endowment but to expend the entire principal
over a period of time. A temporary fund can
accomplish that goal.
Notes on Financial Status:
Donor Services
P.O. Box 332
300 Manypenny Avenue
715-779-7021
aiacf@centurytel.net
www.apostleislandscommunityfund.org
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61,502
6,166
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48,225
Net assets, end of year
STAFF:
Lois Albrecht
Don Albrecht
Lavetta Meyer Torke
Thomas Torke
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2008
Community Representative
The Legacy Circle recognizes individuals who
have made a future gift in their will or estate plan.
Donors can create a future fund for a specific
charitable purpose, create a fund to benefit one or
more non profit organization, or contribute to any
of the Community Fund’s established funds. You
may choose to remain anonymous. We are grateful
to these Legacy Circle members:
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DESIGNATED FUNDS
You may choose one or more organizations to
receive income from your designated fund in
perpetuity.
Alan Fischlowitz*
Carl & Margie Frederickson
Tom & Sally Morrin
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APOSTLE ISLANDS AREA COMMUNITY FAMILY OF FUNDS
FIELD OF INTEREST FUNDS
You can create a fund to support a specific area
of interest such as the arts, education, youth or
historic preservation.
Financial Status
Richard L. Carver, 2008 Vice
Chair**
For information on The Legacy Circle and/or
sample language to share with your professional
advisor, contact our office at 715-779-7021 or
aiacf@centurytel.net
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UNRESTRICTED FUNDS
Unrestricted Funds are the most flexible and
responsive in meeting the changing needs in the
Apostle Islands region. Gifts to the Unrestricted
Fund are welcome in any amount at any time.
Permanently-named Family Funds and Acorn
Funds also help build our grant making ability.
Community Representative
*new funds established in 2008
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Community foundations are a collection of many separate
endowed funds established by individuals, families, businesses and
nonprofit organizations to enhance the quality of life in a specific
geographic region. There are a variety of fund options to meet
particular charitable interests.
Gifts can be made in cash, with appreciated securities, real estate,
or through bequests, charitable lead trusts, charitable remainder
trusts or life insurance. Donors may create a fund with a specific
purpose or contribute in any amount to an existing fund.
Patty Carver
Acorn Funds allow an individual/couple to build a
named fund over up to 10 years, while making an
impact now. Unrestricted Endowment
• Friends of the Recreation Center, Inc. – $30,000
toward operations of the Bayfield Recreation Center.
Final installment of donor-restricted gift
Ways of Giving
Kathy Bergner, 2009 Vice Chair
Albrecht-Vogt Family Fund
Dr. Michael & Deanna Asbell Family Fund
Bell Southmayd Lamont Family Fund
Bodin Family Fund
Collins Family Fund
Helen DeHaven Bush Family Fund
Cleveland Family Fund
Tom & Roxanne Frizzell Family Fund
G.R.A.C.E. Fund
Joanne B. Hadland Family Fund
Ole J. & Ingeborg Hadland Family Fund
Hartnett-Helm Family Fund
Kierland-Henry Family Fund
Bill & Marilyn Larson Family Fund
Eric & Laurel Lein Family Fund*
Ann & Dave Locey Family Fund
John S. Meier Family Fund
Edward & Dawn Michael Family Fund
Jerry & Mary Phillips Family Fund
Pomeroy Family Fund
Tom & Liz Purcell Family Fund
Gene & Carole Qualle Family Fund
Larry A. Reiten Family Fund
Robert & Carolyn Sneed Family Fund
Ward, Miriam, Barbara & Robert Tucker Family Fund*
Kevin J. Buzicky
Beth Meyers
Richard L. Carver
Catherine H. Hartnett
Timothy V. Hartnett
For further information on any of these projects
contact the organization involved or our office
715-779-7021 or aiacf@centurytel.net
We gratefully acknowledge the
members of the Advisory Board,
who volunteer their time and
talents to guide the Community
Fund.
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1) Grants include discretionary grant making and Organizational Endowment
earnings.
2) Net assets include gifts, pledges, endowed funds and temporary funds. A
$100,000 temporary fund was established by anonymous donors in 2006, which
will be granted over three years to a designated organization.
3) Net realized and unrealized gain/loss. When an investment is sold the gain or
loss on the sale is recorded at the realized gain or loss. The unrealized gain or
loss reflects the change in market value between the cost of stock when it was
originally purchased and the value of the stock on the last day of the month.
4) We are grateful for a grant from the Otto Bremer Foundation which continues
to support our operating expenses.
“We make a living by what we
get, but we make a life by what
we give.”
– Winston Churchill
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