| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| RBC MM | AT COST | 73,617 | 73,617 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Council of Michigan Foundations Dues | 5,800 | 0 | 5,800 | |
| Insurance Expense | 251 | 0 | 251 | |
| Software Fees | 3,789 | 0 | 3,789 | |
| Marketing Fees | 6,125 | 0 | 6,125 | |
| Photography | 2,412 | 0 | 2,412 |