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ANS/CA -Veda & Kyana Joshi Scholarship Fund 2010

by VBJ on 01-Apr-2011

Financial Statement: 2010
ANS/CA –Veda & Kyana Joshi Scholarship Fund as of Dec 31, 2010

Carried over from 2009                      CD                  $90,000.00
Savings Act                 $14,909.90
Sub-total                                                                     $104,909.90

Donation from Virgil & Stephanie Day                                  $200.00
(In Memory of Hashna Shrestha –wife of Life–member Capt KK Shrestha)

Interest from CD                                                        $ 60.17
Other Int.                                                                      $ 0.46
Interest from High Yield Saving Act                         $175.88
Sub-total of Interest                                                    $236.51

Fund Available in 2010                                                                      $105,346.41
Grants in 2010                                                                                    <$1,750.00>

Balance as of Dec 31, 2010                                                               $103,596.41               

(Note: ($90,000.00 CD was closed on 5-14-10 and deposited the balance fund of $104,095.53 in High Yield Saving Acct after adding interest of 60.63 and giving Scholarship Grants of $875.00 )

Account  with DBAlex Brown (BRCM Stock account)

Cash account carried over from 2009                                     $2,821.78
Interest/Div                                                       $4.06
Cash/Div & other income                               $52.80
Sub-total Int/Div & other income                                   $56.86

Total cash fund available                                                        $2,878.64
Annual Custodial Fee                                                             <$150.00>

Cash Act Balance as of Dec 31, 2010                                                $2,728.64
BRCM Stk 165 @ 43.55 worth on Dec 31, 2010                  $ 7185.75

Total in this account                                                                          $9,914.39

(Note: BRCM Stock went up to $43.55/shr on 12-31-10 from $31.45/shr on 12-31-09).

VBJ 1/2010

Details of Grants in 2010:

ANS/CA-VKJSFund:

Ms. Sarita Kafle                      $250.00 (For 1st & 2nd installments for 1st year of PCL)
Ms. Manju Basnyat                 $250.00 (For 1st & 2nd installments for 1st year of PCL)
Ms. Bhagawati Acharya         $250.00 (For 1st & 2nd installments for 1st year of PCL)

Ms. Manju Basi                       $250.00 (For 1st & 2nd installmensts for 1st year of B.Sc)

Ms. Rasmi Lama Thokar         $250.00 (For 2nd & 3rd inst for 3rd yr – Passed Final B.A)

Mr. Raj Kumar Maharjan        $500.00 (For 2nd & 3rd for 3rd yr; & 1st & 2nd for 4th yr of  Computer Eng) (One installment left to complete).

           Total Grant in 2010      $1,750.00       

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