KENNEDY-KING MEMORIAL
COLLEGE SCHOLARSHIP FUND, LTD.
		Year ended		Year ended		Year ended		Year ended		Year ended			Year ended
		#######		#######		#######		12/31/2005		12/31/2006		1998	12/31/2007
Income
Donations (unrestricted)		#######		#######		#######		$    153,099		$    179,502		#######	$    212,568
Dinner tickets		13,319		12,898		11,263		13,323		12,502			20,222
Interest income		1,415		1,238		1,515		2,930		8,727			11,605
		#######		#######		#######		169,352		200,731		#######	244,395
Expenses
Scholarships awarded		#######		#######		#######		147,000		188,000		#######	212,000
Scholarships forfeited		(750)		(9,000)		(6,000)		(6,750)		(36,500)			(17,750)
VIP event		1,723		2,169		1,961		1,134		1,633			2,096
Dinner		13,319		12,898		11,263		13,323		12,502			20,222
Postage and supplies		895		665		298		600		333			858
Printing		971		572		1,761		2,087		1,906			2,662
Programs		7,482		7,482		7,482		7,531		7,703			7,868
Filing fees		-										#######
Bank fees
Insurance		1,872		1,482		1,465		1,465		965			1,448
Other		525		778		45		917		609		#######	-
		#######		#######		#######		167,306		177,151		#######	229,404
Operating income		$(5,179)		#######		#######		$        2,046		$      23,580		#REF!	$      14,991
Other income
Investment gain (loss)		(10,711)		14,030		9,839		13,293		10,667			18,883
Endowment donations		2,000		3,487		3,582		1,465		14,537			10,050
Total net income		#######		#######		#######		$      16,804		$      48,784			$      43,924
NET ASSETS AT
Beginning of period		95,967		82,077		#######		150,922		167,726			216,510
End of year *		#######		#######		#######		$    167,726		$    216,510			$    260,434
* Portion of net assets reserved for endowment
		#######		#######		#######		$    128,526		$    153,731			$    182,664