Annual Report

Managed Assets - April 30, 2008
Trusts	$17,490,000
Foundation Assets	$4,130,000
University Assets	$41,758,000
Total	$63,378,000

2007-2008 Activities

The Bethel Foundation made payments during 2007-08 to trustors and income beneficiaries in the amount of $832,743, and to other charities pursuant to trust agreements in the amount of $287,471. Payments to Bethel this past year from trust agreements total $474,155. This brings the total paid to Bethel from assets and earnings at the foundation since its inception to $24,589,060.

The total, in currently managed trust assets of $17,490,000, represents 57 separate accounts. Approximately 70 percent of this value is designated for Bethel upon conclusion of the trusts and may represent future endowments for Bethel University.