March 31, 2009

Assets: Cash and Cash Equivalents Accrued Interest Receivable Investments Prepaid expenses Equipment, less accumulated depreciation Total assets	2,469,861 26,288 40,266,768 2,100 32,966 42,797,983
Liabilities and Net Assets: Liabilities: Grants Payable Funds held as agency endowments Total liabilities	474,448 4,886,942 5,361,390
Total Liabilities and Net Assets	$37,436,593
Revenue Total Contributions Total Investment Income Total Revenue	5,325,594 (13,915,772) (8,590,178)
Expenses Grants and Program Services Management and General Total Expenses	4,740,502 257,966 4,998,468
Decrease in Net Assets Net Assets beginning of year Net Assets End of Year	(13,588,646) 51,025,239 37,436,593

The 2007-2008 audited financial statements prepared by
Jaynes, Reitmeier, Boyd & Therrell, P. C. are available upon request.