| Investment Committee |
 By Richard Snow Chair |
12/31/95 |
12/31/96 |
12/31/97 |
12/31/98 |
|
| Cash, Loans, Bond Mutual Funds | $231,021 |
$230,697 |
$453,112 |
$288,720 |
|
| Individual Stocks | |||||
| IBM | 18,275 |
31,875 |
0 |
0 |
|
| Johnson & Johnson | 171,000 |
213,000 |
0 |
0 |
|
| Eli Lilly | 22,500 |
30,600 |
0 |
0 |
|
| Index Funds | |||||
| Domini Social Equity Fund | - |
- |
75,000 |
103,000 |
|
| Vanguard Index 500 | - |
- |
- |
95,803 |
|
| International Funds | |||||
| American Euro-Pac Fund | - |
- |
- |
80,713 |
|
| Janus Overseas | - |
- |
- |
84,979 |
|
| Small-cap Funds | |||||
| Baron Asset Fund | - |
- |
- |
60,806 |
|
| Fasciano | - |
- |
- |
60,050 |
|
| Midcap/large-cap Funds | |||||
| SteinRoe Growth Stock Fund | 80,524 |
93,552 |
127,850 |
160,498 |
|
| Aggressive Growth Fund | |||||
| SteinRoe Special Fund | 74,905 |
86,258 |
112,085 |
0 |
|
| All Equities | 367,204 |
455,285 |
314,935 |
645,849 |
|
| Subtotal | $598,225 |
$685,982 |
$768,084 |
$879,648 |
|
| Annual capital withdrawal for church operating expenses | (26,210) |
(29,911) |
(34,299) |
(38,402) |
|
| Total Value | $572,015 |
$656,071 |
$733,785 |
$841,246 |
The Investment Committee is pleased to report on the Endowments. The tabulation below shows year-end values of the funds for the past several years. Note: at the end of 1997, the committee was holding cash in preparation for making new investments.
The committee aims over time to maintain about 70% in equities and 30% in cash/bonds. Additional purchases are planned in the next few months.
In addition to Chair Snow, current committee members are John Saphir, Bette Sikes and Mark Yim. Julie Neuman, Church Treasurer, serves ex officio.