Page 291 - Middleborough 2024 Town Report

2022 REPORT OF THE TRUSTEES
THOMAS S. PEIRCE
TRUST FUND
Respectfully Submitted,
Robert M. Desrosiers, Trustee
Stephen D. Morris, Trustee
Caroline R. LaCroix, Trustee
The Trustees under the will of Thomas S. Peirce submit their report for the
year ended December 31, 2022. The Trustees received a generous donation of
funds in December of this year from the Rock Village Library Association. The
$311,866.08 donation is intended to further literacy in the Town and the funds
were invested in the Library Trust, the income from which will fund the Library
Book Fund. The Trustees, on behalf of the Town, thank Brenda Cook, Jean
Pollack, and Roger Parent Jr. for their efforts to make this happen.
FUNDS HELD IN TRUST FOR THE BENEFIT
OF THE TOWN OF MIDDLEBOROUGH
Stocks and Bonds at Market Value: 12/31/2021 $ 8,083,169.07
Increase/Decrease in Value $ -780,545.32
Stocks and Bonds at Market Value: 12/31/2022 $ 7,257,623.75
Cash on Hand: 12/31/22 $ 66,990.78
____________
Total Value: 12/31/22 $ 7,324,614,53
INCOME ACCOUNT
Dividends $ 201,266.93
Interest $ 0.00
____________
Total Income $ 201,266.93
EXPENSES
Payments to Town $ 510,103.63
Trustee Fees $ 7,500.00
Taxes and Filing Fees $ 11,399.10
Advisory Fees $ 52,233.08
Other Expenses $ 5,706.00
____________
Total Expenses $ 586,941.81
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