[Council] BoTG Annual Report

[Linda Lawton]

Here is the Summary Annual report - The details annual report is posted in
the FUUSM site.

Linda


FUUSM Board of Trust Governors Report for 2019



In 2019 both the General and Ting trusts gained 21.7% in value before any
grants while the Value Trust gained 21.4%. (For Benchmark purposes – US
Stocks (Russell 2000) were up 23.7% Inv Grade Bonds were up 8.8% and Cash
gained 1.8%)

In addition, 3 grants have been made but not yet withdrawn: Granted in
July, 2017 for Painting project - $25,240 from Ting trust, Additional grant
for Painting project in January, 2018 from Ting trust - $28,360, $23,000 in
July, 2018 for Maintaining wall from General Trust.

Taking these pending grants into account we have the following *available*
grantable funds as of 1/1/2020:

·      General Trust – Operating Funds - $6,786

·      General Trust – Building & Grounds - $73,233

·      General Trust - Capital Funds (Emergency) - $73,233 (same as above)

·      Ting trust - $60,851

·      Values trust - $4,116 ($3,078 from MCF fund and $1037 from Immediate
funds in Balance Sheet)

The Maintaining Wall/Sewer project was completed for a total of $21,725 vs.
the initial grant of $23,000

Two grants were made from the Values trust Immediate fund in 2019- $225 for
Solar Scholarship and $240 to Enrich Marietta.



Submitted by Linda Lawton – Chair Board of Trust Governors

May 11, 2020
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