Endowment Ministry

2016 Endowment Fund Annual Report
 
January 1, 2016 – December 31, 2016
 
1/1/2016
 
Thrivent High Yield Fund                  20,612.60        4.46 share        4,621.65 shares
 
12/31/2016
 
Thrivent High Yield Fund                  23,662.00        4.82 share        4,909.13 shares
 
 
Additional investment in this fund for2016 not a part of the endowment:
 
Dollars from two different sources; members as stated in their wills:
 
                                                20,000
 
2016 – Gain                              1,032.33
 
Balance                                   21,032.33
 
 
Interest from endowment in Bremer Bank     2,433.31
 
Total Balance of Endowment                       26,095.21
 
 
Respectfully submitted,
Jim Pedersen