2011 - Town of Warner

Nancy Sibley Wilkins Trust FundJanuary 1, 2011 – December 31, 2011Beginning Value as of 1/1/11 $138,268.23Contributions $0.00Net Investment Return ($2,405.25)Foundation Fees ($1,504.51)Expenses $0.00Distributions/Grants ($2,000.00)Transfers $0.00Ending Value as of December 31, 2011 $132,358.47Many funds have both a cash and invested balance. The cash balanceis the amount available for grant making as of the report date.This differs from the full year amount available for grant making,which includes quarterly earnings from the endowment. The investedbalance is the amount in the endowment.The Nancy Sibley Wilkins – Town of Warner Trust Fund was establishedunder the will of Nancy Sibley Wilkins to benefit the Townspeopleof Warner through causes found worthy by a board of fourTrustees. The fund endowment ($100,000.00) is managed by the NHCharitable Foundation. Distributions of income are by grants madefrom time to time as determined by the Trustees in response to grantand loan applications.In making grants, the Trustees will give priority consideration toprojects undertaken by local non-profit organizations or public agenciesfor which grants will:… Provide seed money, bridge funding, capital improvements or leveragefor grantees to become more effective or to expand services orresources in order to confer greater general benefit to the people ofWarner… Support exemplary programs where modest amounts available willhave the greatest impact… Enable grantees to build diverse sources of support without dependenceupon regular grants from the Trust53