| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LESSER, LEFF & CO LLP | 13,750 | 5,250 | 8,500 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART XV - SUPPLEMENTARY INFORMATION: | THE SELECTION PROCESS - CANDIDATES FOR GRANTS: THERE SHALL BE NO DISCRIMINATION BASED UPON RACE, CREED, COLOR, RELIGION, OR GENDER.IN ADDITION, A VERY IMPORTANT(BUT NOT MANDATORY) CONSIDERATION WILL BE WHETHER THE APPLICANTIS THE NATURAL OR ADOPTIVE CHILD, GRANDCHILD OR GREAT GRANDCHILD OF AN ARMENIAN AND/OR EASTERN EUROPEAN PARENT,GRANDPARENT OR GREAT-GRANDPARENT. GRANT APPLICAANTS WILL ALSOBE CALLED UPON TO MAKE A NONBINDING MORAL COMMITMENT TO ASSIST NEEDY STUDENTS IN THE FUTUREIF THEY ARE EVER IN A POSITION TO DO SO. NO DIRECT SOLICITATION OF APPLICANTS WILL BE MADE. THE AVAILABILITY OF GRANTS FROMTHE FOUNDATION WILL BE COMMUNICATED TO CERTAIN SCHOOLS AND PROFESSORS WITH WHICH THEFOUNDATION'S FOUNDERS HAVE HAD DEALINGS IN THE PAST AND TO OTHER SCHOLARSHIP ORGANIZATIONSFOR THE BENEFIT OF STUDENTS OF ARMENIAN AND OR/ EASTERN EUROPEAN EXTRACTION. THE SCHOLARSHIPS ARE AVAILABLE FOR ANY COURSE OF STUDY AT AN APPROVED INSTITUTION. SELECTIONOF GRANT RECEIPIENTS MUST BE BASED ON PERFORMANCE ON STANDARDIZED TESTS, RECOMMENDATIONS,FINANCIAL NEED, AND CONCLUSIONS DRAWN FROM PERSONAL INTERVIEWS BY MEMBERS OF THE FOUNDATION AS TO MOTIVATION AND CHARACTER. THE SELECTION OF THE INDIVIDUAL GRANT RECEIPIENTS WILL BE MADE ANNUALLY BY A SELECTION COMMITTEE OF NO FEWER THAN THREE FOUNDATION TRUSTEES. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HIGH YIELD BANK LOANS | 8,161,228 | 8,161,228 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS | FMV | 21,530,405 | 21,530,405 |
| INVESTMENT PARTNERSHIP | FMV | 335,775 | 335,775 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| HUGHES HUBBARD | 5,633 | 0 | 5,633 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID TAXES | 55,584 | 35,362 | 35,362 |
| ACCRUED INTEREST RECEIVABLE | 25,231 | 34,965 | 34,965 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE | 1,642 | 0 | 1,642 | |
| POSTAGE | 87 | 0 | 87 |
| Description | Amount |
|---|---|
| UNREALIZED INCREASE IN F.M.V. OF INVESTMENTS | 2,129,196 |
| CASH TAX RETURN ACCRUAL BALANCE SHEET ADJUSTMENTS | 39,005 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 135,621 | 135,621 | 0 | |
| CONSULTING FEES | 265,000 | 0 | 265,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES ON DIVIDENDS | 40,922 | 40,922 | 0 | |
| FEDERAL EXCISE TAX | 14,412 | 0 | 0 |