One of the jobs of the ASAS Foundation is to serve as the watch dog of the ASAS Foundation and the ASAS organization dollars. We are happy to report that in 2010, the ASAS Foundation raised more than $50,000 and our portfolio performed with a greater than 10% return. The return was greater than the blended benchmarks and is particularly impressive with the knowledge that approximately 40% of our portfolio was in cash in 2010. Additionally, we set the stage in 2010 to launch several new fund raising initiatives in 2011. So we are happy to report that the ASAS Foundation is in its all time best financial position.

2010 Q4 Portfolio Review