The Bethel Foundation
Annual Report
Managed Assets
April
30, 2006 |
|
|
|
|
| Trusts |
$13,989,000 |
| Foundation Assets |
8,681,000 |
| University Assests | 34,353,000 |
|
|
|
| Total | $57,023,000 |
2005-2006 Activities
The Bethel Foundation made payments during 2005-06 to trustors and income beneficiaries in the amount of $717,093, and to other charities pursuant to trust agreements in the amount of $30,772. Payments to Bethel this past year from trust agreements total $428,773. This brings the total paid to Bethel from assets and earnings at the foundation since its inception to $19,901,061.
The total in currently managed trustassets of $13,989,000 represents 62 separate accounts. Approximately 70 percent of this value is designated for Bethel upon conclusion of the trusts and may represent future endowments for Bethel.
Bethel University Annual Report