National Garden Clubs, Inc.JEWELRY 275 539 9,000 89 246 6,340 186 293 168 NCP 10 50 3,000 3 9 109 7 41 176 SLIDES 0 0 00000 0 0 ... 07/31 Income dividend 224.21 12.51 17.922 6,875.525

National Garden Clubs, Inc.July 31, 2020

Monthly Financial Overview

General Fund June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 297,597 313,385 15,788 5.31%Total 297,597 313,385 15,788 5.31%

NGC Endowment June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 375,984 400,612 24,628Total 375,984 400,612 24,628 6.55%

PH&E June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 7,057,757 7,520,078 462,321Total 7,057,757 7,520,078 462,321 6.55%

Deen Day Sanders Fund June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 556,888 591,584 34,696Total 556,888 591,584 34,696 5.95%

June M Kummer Fund June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 2,196,080 2,339,984 143,904Total 2,196,080 2,339,984 143,904 6.55%

Scholarship Fund June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 4,562,905 4,874,630 311,725Total 4,562,905 4,874,630 311,725 6.47%

Wildflower Fund June 1, 2020 July 31, 2020 Change In ValueVanguard Investment 4,443,576 4,734,621 291,045Total 4,443,576 4,734,621 291,045 6.55%

Total of Funds 19,490,786 20,774,894 1,284,107 6.59%

Member Services Income For July 2020

Income Cost of Sales Gross Profit Jul-20Month YTD Budget Month YTD Budget Month YTD YTD

BOOKS 540 1,092 50,000 3,906 4,184 22,485 -3,366 -3,092 2,682

CALENDARS 3,527 7,049 36,000 2,654 5,113 26,074 874 1,936 2,587

JEWELRY 275 539 9,000 89 246 6,340 186 293 168

NCP 10 50 3,000 3 9 109 7 41 176

SLIDES 0 0 0 0 0 0 0 0 0

PROGRAM PLANS 0 0 500 0 0 45 0 0 104

RIBBONS 186 304 45,000 110 172 22,114 76 131 3,422

ORNAMENT 0 0 0 0 0 0 0 0 0

GARDEN CART 142 212 6,000 93 137 5,659 49 75 155

EDUCATIONAL TOOLS 0 0 2,500 0 0 121 0 0 145

Total 4,680 9,245 152,000 6,854 9,861 82,947 -2,174 -616 9,439

Monetary Receipts ‐ July 2020

Name Amount

10.00Jr Dues

4,465.00State Dues

49,919.53Meetings: Other Income Convention

643.74Member Service Invoice Payments

273.36Member Service Mail Order Purchases

4,080.00Penny Pines

100.00Awards

657.58Deen Day Sanders Dividend

200.00Life Membership

100.00PH&E Contributions

2,000.00Scholarship Contributions

180.00ESS Fees

35.00FSS Fees

175.00GSS Fees

160.00LDS Fees

1,485.00TNG Advertising

64,484.21

Monetary ReceiptsClub Name Name Date Received AmountState

Jr Dues7/28/2020 10.00WAWASHINGTON STATE FEDERATIO GAIL BAULLINGER

10.00

State Dues7/17/2020 2,287.00TNTENNESSEE FEDERATION OF GC JANICE MEISSNER

7/28/2020 2,178.00WAWASHINGTON STATE FEDERATIO GAIL BAULLINGER

4,465.00

Meetings: Other Income Conv7/2/2020 30,000.00WIPOTAWATOMI HOTEL

7/2/2020 400.00WIMUSIC MAKERS, INC KATHLEEN WORCIL

7/28/2020 19,519.53MSNATIONAL GARDEN CLUBS 2019 C RHONDA ROSETTI

49,919.53

Penny Pines7/8/2020 204.00OHAFTERNOON GARDEN CLUB VICKIE KELLOGG

7/8/2020 68.00NMAMOR DE LA TIERRA KRIS OLLILELEALA

7/8/2020 68.00DEPLANTATION LAKES GARDEN CLU PATRICIA M

7/8/2020 68.00DEPLANTATION LAKES GARDEN CLU PATRICIA M

7/13/2020 68.00VAGLEN BURNIE GARDEN CLUB SUSAN CREASY

7/13/2020 68.00ILTWIN CITY GC TORI CORKERY

7/17/2020 68.00ILLA GRANGE GARDEN CLUB MARGARET O'BRIEN

7/17/2020 68.00IDNAMPA GARDEN CLUB DIANE FREDERICKSON

7/20/2020 952.00FLFLORIDA FEDERATION OF GARDE JANA WALLING

7/20/2020 68.00GAREDBUD ILSE REINER

7/20/2020 68.00GAREDBUD ELAINE REINER

7/20/2020 340.00NYFEDERATED GARDEN CLUBS OF N JENNY HOLMES

7/20/2020 1,360.00FLFLORIDA FEDERATION OF GC JANA WALLING

7/28/2020 68.00TNSTONES RIVER GARDEN CLUB JANELER WISE

7/28/2020 68.00OKTULSA GARDEN CLUB PAT HASWELL

7/28/2020 68.00OKCUSHING GLADIOLUS JUDY GROTTS

7/28/2020 68.00VAEASTERN SHORE OF VIRGINIA MA PHIL GOETKIN

7/28/2020 68.00VACULPEPER GARDEN CLUB DORIS WILLIAMS

7/28/2020 272.00WAEVERGREEN GARDEN CLUB JILL SEYMOUR

4,080.00

Awards7/2/2020 100.00KYGARDEN CLUB OF KENTUCKY INC JAN WORTH

100.00

Deen Day Sanders Dividend

Page 1 of 2

Club Name Name Date Received AmountState

7/8/2020 277.05PAVANGUARD






657.58

Life Membership7/17/2020 200.00NCGARDEN CLUB OF NORTH CAROLI SHERRY O'DANIELL

200.00

PH&E Contributions7/20/2020 100.00MDFEDERATED GARDEN CLUBS OF M CAROLYN BRAVERMAN

100.00

Scholarship Contributions7/13/2020 2,000.00NCWARREN WILSON COLLEGE BELINDA BURKE

2,000.00

ESS Fees7/2/2020 180.00NANA MINERVA Q DE PONCE

180.00

FSS Fees7/28/2020 35.00KYNA SUE KIRKMAN

35.00

GSS Fees7/2/2020 175.00NANA MINERVA Q DE PONCE

175.00

LDS Fees7/2/2020 160.00NANA MINERVA Q DE PONCE

160.00

TNG Advertising7/17/2020 135.00WINA KEN SWARTZ

7/17/2020 700.00WAPALM FLEX INC

7/28/2020 650.00NJTHE ESPOMA COMPANY

1,485.00

Page 2 of 2

National Garden Clubs, Inc Check Detail

July 2020Type Num Date Name Memo Account Original Amount

Check 146 07/15/2020 ACCT ANALYSIS FEE BANK CHARGE 111111 · CASH BOA -161.37

BANK CHARGE 159151 · BANKCARD CHARGES 161.37

TOTAL 161.37



TOTAL 1.00



TOTAL 1.00



TOTAL 1.00



TOTAL 1.00

Check 151 07/24/2020 Business Card LOGMEIN*GoToMeeting 102113 · BILL TRAPP -20.71

LOGMEIN*GoToMeeting 266111 · OFF. EQUIP & SERV 20.71

TOTAL 20.71

Check 374 07/01/2020 IRS DES:USATAXPYMT TAX DEPOSIT 111111 · CASH BOA -3,418.54

TAX DEPOSIT 126211 · PAYROLL TAXES PAYABLE 3,418.54

TOTAL 3,418.54

Check 375 07/16/2020 IRS DES:USATAXPYMT TAX DEPOSIT 111111 · CASH BOA -3,418.66

TAX DEPOSIT 126211 · PAYROLL TAXES PAYABLE 3,418.66

TOTAL 3,418.66

Check 470 07/21/2020 Business Card PAYMENT - THANK YOU 111111 · CASH BOA -1,236.94

PAYMENT - THANK YOU 102113 · BILL TRAPP 1,236.94

TOTAL 1,236.94

Page 1 of 14



Check 471 07/13/2020 Business Card PAYMENT - THANK YOU 111111 · CASH BOA -135.11

PAYMENT - THANK YOU 102113 · BILL TRAPP 135.11

TOTAL 135.11



TOTAL 135.11



TOTAL 59.55

Check 625 07/02/2020 GLOBAL PAYMENTS DES CREDIT CARD CHARGES 111111 · CASH BOA -209.47

CREDIT CARD CHARGES 159151 · BANKCARD CHARGES 209.47

TOTAL 209.47

Check 628 07/02/2020 GLOBAL PAYMENTS DES CREDIT CARD CHARGES 111111 · CASH BOA -159.45

CREDIT CARD CHARGES 159151 · BANKCARD CHARGES 159.45

TOTAL 159.45

Check 654 07/17/2020 USPS Postage MEMBER SERVICE POSTAGE 111111 · CASH BOA -500.00

MEMBER SERVICE POSTAGE 159121 · FREIGHT & POSTAGE 500.00

TOTAL 500.00

Check 727 07/30/2020 ANTHEM BLUE CROSS BLUE SHIELD EMPLOYEE INSURANCE 211111 · PHE CASH -2,354.49

EMPLOYEE INSURANCE 266212 · EMPLOYEE INSURANCE 2,354.49

TOTAL 2,354.49

Check 1161 07/10/2020 Business Card EIG*CONSTANTCONTACT.CO 102111 · Michelle Smith -95.00

EIG*CONSTANTCONTACT.CO 162271 · SUPPLIES & OFFICE FORMS 95.00

TOTAL 95.00

Check 1162 07/10/2020 Business Card The Great Frame Up 102111 · Michelle Smith -465.28

The Great Frame Up 162271 · SUPPLIES & OFFICE FORMS 465.28

TOTAL 465.28

Page 2 of 14



Check 1163 07/15/2020 Business Card ADOBE ACROPRO SUBS 102111 · Michelle Smith -14.99

ADOBE ACROPRO SUBS 162271 · SUPPLIES & OFFICE FORMS 14.99

TOTAL 14.99

Check 1164 07/17/2020 Business Card DNH*GODADDY.COM 102111 · Michelle Smith -79.99

DNH*GODADDY.COM 162271 · SUPPLIES & OFFICE FORMS 79.99

TOTAL 79.99

Check 1165 07/20/2020 Business Card ADOBE STOCK 102111 · Michelle Smith -29.99

ADOBE STOCK 162271 · SUPPLIES & OFFICE FORMS 29.99

TOTAL 29.99

Check 1166 07/22/2020 Business Card ENDICIA 102111 · Michelle Smith -34.95

ENDICIA 162271 · SUPPLIES & OFFICE FORMS 34.95

TOTAL 34.95

Check 1167 07/29/2020 Business Card SMK*WUFOO.COM CHARGE 102111 · Michelle Smith -39.00

SMK*WUFOO.COM CHARGE 162271 · SUPPLIES & OFFICE FORMS 39.00

TOTAL 39.00

Check 1313 07/07/2020 Acropolis RDS Server 211111 · PHE CASH -1,946.04

RDS Server 266111 · OFF. EQUIP & SERV 1,946.04

TOTAL 1,946.04

Check 1410 07/15/2020 Business Card SMK*WUFOO.COM CHARGE 102113 · BILL TRAPP -99.00

SMK*WUFOO.COM CHARGE 266111 · OFF. EQUIP & SERV 99.00

TOTAL 99.00

Check 1514 07/01/2020 UNITED PARCEL SERVICE FREIGHT 111111 · CASH BOA -140.91

FREIGHT 159121 · FREIGHT & POSTAGE 140.91

TOTAL 140.91



TOTAL 121.50

Page 3 of 14



Check 1516 07/09/2020 Business Card ZOOM.US 102113 · BILL TRAPP -74.95

ZOOM.US 266111 · OFF. EQUIP & SERV 74.95

TOTAL 74.95



TOTAL 51.53



TOTAL 93.25



TOTAL 102.08

Check 1603 07/01/2020 AMEREN MISSOURI ELECTRIC 211111 · PHE CASH -1,859.65

ELECTRIC 267211 · ELECTRIC 1,859.65

TOTAL 1,859.65

Check 1604 07/31/2020 AMEREN MISSOURI ELECTRIC 211111 · PHE CASH -2,485.33

ELECTRIC 267211 · ELECTRIC 2,485.33

TOTAL 2,485.33

Check 1703 07/23/2020 METROPOLITAN ST. LOUIS WATER 211111 · PHE CASH -472.66

WATER 267411 · WATER 472.66

TOTAL 472.66

Check 1815 07/07/2020 Zultys Phone 211111 · PHE CASH -646.51

Phone 267311 · TELEPHONE 646.51

TOTAL 646.51

Check 1903 07/21/2020 IRON MOUNTAIN Paper Shredding 211111 · PHE CASH -75.30

Paper Shredding 266301 · SUPPLIES & MISCELLANEOUS 75.30

TOTAL 75.30

Page 4 of 14



Check 2002 07/10/2020 Pitney Bowes Global Financial Services Postage Meter 111111 · CASH BOA -442.25

Postage Meter 159121 · FREIGHT & POSTAGE 442.25

TOTAL 442.25

Check 2103 07/17/2020 WASTE MANAGEMENT OF ST LOUIS TRASH 211111 · PHE CASH -738.23

TRASH 264122 · BLDG. MAINT. 738.23

TOTAL 738.23

Check 2202 07/06/2020 Spire GAS 211111 · PHE CASH -51.77

GAS 267111 · GAS 51.77

TOTAL 51.77

Check 2400 07/09/2020 Mo Depart of Rev MO WITHHOLDING TAX 111111 · CASH BOA -963.50

MO WITHHOLDING TAX 126221 · STATE WITHOLDING 963.50

TOTAL 963.50

Check 43764 07/02/2020 Cheryl Obediente Convention Refund ID - 299 111118 · NGC CONVENTION CHECKING -915.00

Convention Refund ID - 299 167222 · CONVENTION EXPENSES 915.00

TOTAL 915.00

Bill Pmt -Check 43765 07/08/2020 AT&T 211111 · PHE CASH -528.26

Bill 314 865-3037 025 7 07/08/2020 267311 · TELEPHONE 528.26

TOTAL 528.26

Bill Pmt -Check 43766 07/08/2020 AVAYA INC 211111 · PHE CASH -199.62

Bill 35752466 07/08/2020 267311 · TELEPHONE 199.62

TOTAL 199.62

Bill Pmt -Check 43767 07/08/2020 CLEAN THE UNIFORM COMPANY 211111 · PHE CASH -190.91

Bill 10080172 07/08/2020 266301 · SUPPLIES & MISCELLANEOUS 190.91

TOTAL 190.91

Bill Pmt -Check 43768 07/08/2020 Office Essentials 211111 · PHE CASH -449.37

Bill CIV1236766 07/08/2020 266301 · SUPPLIES & MISCELLANEOUS 114.78

Page 5 of 14


July 2020Type Num Date Name Memo Account Original AmountBill CIV1236569 07/08/2020 266301 · SUPPLIES & MISCELLANEOUS 324.59

Bill CIV1238643 07/08/2020 268412 · RECYCLING 10.00

TOTAL 449.37

Bill Pmt -Check 43769 07/08/2020 Overhead Door Company 211111 · PHE CASH -517.25

Bill SVC/655360 07/08/2020 264122 · BLDG. MAINT. 517.25

TOTAL 517.25

Bill Pmt -Check 43770 07/08/2020 PURITAN SPRINGS WATER 211111 · PHE CASH -43.68


TOTAL 43.68

Bill Pmt -Check 43771 07/15/2020 BINDER PR & MARKETING 111111 · CASH BOA -7,500.00

Bill 5313-66 07/15/2020 171262 · TNG Editor 7,500.00

TOTAL 7,500.00

Bill Pmt -Check 43772 07/15/2020 Kingery Printing Company 111111 · CASH BOA -6,079.69

Bill 186064 07/15/2020 171301 · TNG/PRINTING, PHOTOS, ETC. 6,079.69

TOTAL 6,079.69

Bill Pmt -Check 43773 07/15/2020 Len Kissel 211111 · PHE CASH -225.00

Bill 7-10-20 07/15/2020 264122 · BLDG. MAINT. 225.00

TOTAL 225.00

Bill Pmt -Check 43774 07/15/2020 Missouri depart of Public Safety Elevator 211111 · PHE CASH -25.00

Bill 000124971 07/15/2020 264122 · BLDG. MAINT. 25.00

TOTAL 25.00




TOTAL 20.00

Bill Pmt -Check 43776 07/15/2020 Plant Professor 211111 · PHE CASH -97.95


TOTAL 97.95

Page 6 of 14



Bill Pmt -Check 43777 07/15/2020 SFP LANDSCAPING INC 211111 · PHE CASH -5,909.50

Bill 25960 07/15/2020 264144 · GROUNDS MAINT. 5,909.50

TOTAL 5,909.50

Bill Pmt -Check 43778 07/15/2020 The Key People Company 211111 · PHE CASH -425.00

Bill 160617 07/15/2020 264161 · JANITORIAL SERVICES 425.00

TOTAL 425.00

Bill Pmt -Check 43779 07/15/2020 BINDER PR & MARKETING 511111 · WILDFLOWER CHECKING -1,360.00

Bill 5313-67 07/15/2020 562054 · PROMOTIONS/PUBLIC RELATIONS 1,360.00

TOTAL 1,360.00

Check 43780 07/17/2020 Dot Yard NGC Award Committee Expenses 111111 · CASH BOA -212.90

NGC Award Committee Expenses 166211 · AWARDS CHAIRMAN 212.90

TOTAL 212.90

Check 43781 07/17/2020 DEBBY COOPER NGC Awards Committee Expenses 111111 · CASH BOA -243.65

NGC Awards Committee Expenses 166211 · AWARDS CHAIRMAN 243.65

TOTAL 243.65

Check 43782 07/17/2020 Carol Bullard NGC Awards Committee Expenses 111111 · CASH BOA -215.95


TOTAL 215.95

Check 43783 07/17/2020 Pat Young NGC Awards Committee Expenses 111111 · CASH BOA -510.77


TOTAL 510.77

Bill Pmt -Check 43784 07/14/2020 MUELLER PROST PC 111111 · CASH BOA -9,000.00

Bill 132930 07/22/2020 162201 · AUDIT General 9,000.00

TOTAL 9,000.00

Bill Pmt -Check 43785 07/14/2020 Office Essentials 111111 · CASH BOA -10.00


Page 7 of 14


July 2020Type Num Date Name Memo Account Original AmountTOTAL 10.00

Bill Pmt -Check 43786 07/14/2020 PURCHASE POWER Postage Activity 111111 · CASH BOA -500.00

Bill 8000-9000-1109-8583 07/22/2020 Postage Activity 159121 · FREIGHT & POSTAGE 500.00

TOTAL 500.00

Bill Pmt -Check 43787 07/14/2020 AT&T TELECONFERENCE SERVICES 211111 · PHE CASH -412.90

Bill 007-018540 07/22/2020 267311 · TELEPHONE 412.90

TOTAL 412.90



TOTAL 37.30

Bill Pmt -Check 43789 07/14/2020 National Elevator Insp. Services Rcvd Inv. 07-14-2020 211111 · PHE CASH -165.00

Bill 0393742 07/14/2020 Rcvd Inv. 07-14-2020 264122 · BLDG. MAINT. 165.00

TOTAL 165.00

Bill Pmt -Check 43790 07/14/2020 SumnerOne 211111 · PHE CASH -743.90

Bill L307038024 07/22/2020 266111 · OFF. EQUIP & SERV 743.90

TOTAL 743.90

Bill Pmt -Check 43791 07/14/2020 TECH ELECTRONICS 211111 · PHE CASH -664.86

Bill N000031304 07/22/2020 264122 · BLDG. MAINT. 664.86

TOTAL 664.86

Check 43792 07/14/2020 Emily Osborne Art / Children's Book Illustrations 111111 · CASH BOA -3,600.00

Art / Children's Book Illustrations 151111 · BOOKS/COST OF SALES 3,600.00

TOTAL 3,600.00

Bill Pmt -Check 43793 07/23/2020 Acquia Inc. 511111 · WILDFLOWER CHECKING -24,000.00

Bill SI-44448 07/23/2020 562047 · WEB SITE 24,000.00

TOTAL 24,000.00

Check 43794 07/24/2020 UNIVERSITY OF ARIZONA, TUSCON Paige Anthony - I.D.#23488872 411111 · SCHOLARSHIP CASH -4,000.00

Paige Anthony - I.D.#23488872 461201 · SCHOLARSHIP & AWARDS 4,000.00

Page 8 of 14


July 2020Type Num Date Name Memo Account Original AmountTOTAL 4,000.00

Check 43795 07/24/2020 University of Arkansas - Fayetteville Thomas McKeown - I.D.# 010783908 411111 · SCHOLARSHIP CASH -4,000.00

Thomas McKeown - I.D.# 010783908 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43796 07/24/2020 UC Davis Borah Lim - I.D. # 917807228 411111 · SCHOLARSHIP CASH -4,000.00

Borah Lim - I.D. # 917807228 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43797 07/24/2020 UNIVERSITY OF CALIFORNIA, BERKELEY VOID: Natalie Rachel Fulton - ID #3032858961

411111 · SCHOLARSHIP CASH 0.00

TOTAL 0.00

Check 43798 07/24/2020 Western Colorado University Alexandra Leigh VanTill - ID #stu880937 411111 · SCHOLARSHIP CASH -4,000.00

Alexandra Leigh VanTill - ID #stu880937 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43799 07/24/2020 Suffolk University Anastasia N. Salisbury - ID #5044168 411111 · SCHOLARSHIP CASH -4,000.00

Anastasia N. Salisbury - ID #5044168 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43800 07/24/2020 Florida International University Blaire Mallory Kleiman - ID #5682844 411111 · SCHOLARSHIP CASH -4,000.00

Blaire Mallory Kleiman - ID #5682844 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43801 07/24/2020 UNIVERSITY OF GEORGIA Alana Scott Edwards - ID #811739654 411111 · SCHOLARSHIP CASH -4,000.00

Alana Scott Edwards - ID #811739654 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43802 07/24/2020 UNIVERSITY OF GEORGIA Zia Valerie Williamson - ID #811166126 411111 · SCHOLARSHIP CASH -4,000.00

Zia Valerie Williamson - ID #811166126 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43803 07/24/2020 UNIVERSITY OF IDAHO Katherine Grace Woodhouse - ID #151-24324

411111 · SCHOLARSHIP CASH -4,000.00

Page 9 of 14


July 2020Type Num Date Name Memo Account Original AmountKatherine Grace Woodhouse - ID #151-24324 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43804 07/24/2020 Yale University Nora Grace Hardy - ID # NGH9 411111 · SCHOLARSHIP CASH -4,000.00

Nora Grace Hardy - ID # NGH9 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43805 07/24/2020 Ball State University Tanner Jordan Prewitt - ID #901041452 411111 · SCHOLARSHIP CASH -4,000.00

Tanner Jordan Prewitt - ID #901041452 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43806 07/24/2020 IOWA STATE UNIVERSITY Caryn Lyn Dawson - ID #891359501 411111 · SCHOLARSHIP CASH -4,000.00

Caryn Lyn Dawson - ID #891359501 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43807 07/24/2020 Kansas State University Karen Schneck - ID #853003552 411111 · SCHOLARSHIP CASH -4,000.00

Karen Schneck - ID #853003552 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43808 07/24/2020 UNIVERSITY OF KENTUCKY Rebecca Caldbeck - ID #12204056 411111 · SCHOLARSHIP CASH -4,000.00

Rebecca Caldbeck - ID #12204056 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43809 07/24/2020 UNIVERSITY OF GEORGIA Abbie Judice - ID #811216325 411111 · SCHOLARSHIP CASH -4,000.00

Abbie Judice - ID #811216325 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43810 07/24/2020 Harvard University Jordan Thomas Daigle - ID #31367654 411111 · SCHOLARSHIP CASH -4,000.00

Jordan Thomas Daigle - ID #31367654 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43811 07/24/2020 MORGAN STATE UNIVERSITY Mia Quinto - ID #00260296 411111 · SCHOLARSHIP CASH -4,000.00

Mia Quinto - ID #00260296 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Page 10 of 14


July 2020Type Num Date Name Memo Account Original AmountCheck 43812 07/24/2020 UNIVERSITY OF NEW ENGLAND Emma Katherine Burke - ID #910418016 411111 · SCHOLARSHIP CASH -4,000.00

Emma Katherine Burke - ID #910418016 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43813 07/24/2020 American Public University Angela B. Luckey - ID #5752267 411111 · SCHOLARSHIP CASH -4,000.00

Angela B. Luckey - ID #5752267 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43814 07/24/2020 Grand Valley State University Haley Suzane Kuhnle - ID #G01686114 411111 · SCHOLARSHIP CASH -4,000.00

Haley Suzane Kuhnle - ID #G01686114 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43815 07/24/2020 University of Minnesota, Twin Cities Brett Stolpestad - ID #4255001 411111 · SCHOLARSHIP CASH -4,000.00

Brett Stolpestad - ID #4255001 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43816 07/24/2020 The University of Chicago Dane Christensen - ID #12175048 411111 · SCHOLARSHIP CASH -4,000.00

Dane Christensen - ID #12175048 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43817 07/24/2020 MISSOURI STATE UNIVERSITY Danielle Evilsizor - ID #MO3294502 411111 · SCHOLARSHIP CASH -4,000.00

Danielle Evilsizor - ID #MO3294502 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43818 07/24/2020 University of Montana Chris Prange - ID #790812490 411111 · SCHOLARSHIP CASH -4,000.00

Chris Prange - ID #790812490 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43819 07/24/2020 Rutgers University Daniel Ilkow - ID #170002465 411111 · SCHOLARSHIP CASH -4,000.00

Daniel Ilkow - ID #170002465 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43820 07/24/2020 Eastern New Mexico University Jonathan R. Lewis - ID #660190443 411111 · SCHOLARSHIP CASH -4,000.00

Jonathan R. Lewis - ID #660190443 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Page 11 of 14



Check 43821 07/24/2020 Suny College at Brockport Sarah Kirkpatrick - ID #800635458 411111 · SCHOLARSHIP CASH -4,000.00

Sarah Kirkpatrick - ID #800635458 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43822 07/24/2020 NORTH CAROLINA STATE UNIVERSITY Brian Schulker - ID #200281722 411111 · SCHOLARSHIP CASH -4,000.00

Brian Schulker - ID #200281722 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43823 07/24/2020 NDSU Grace Dragseth - ID #8003671 411111 · SCHOLARSHIP CASH -4,000.00

Grace Dragseth - ID #8003671 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43824 07/24/2020 The Ohio State University Andrew Yates - ID #500219725 411111 · SCHOLARSHIP CASH -4,000.00

Andrew Yates - ID #500219725 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43825 07/24/2020 OKLAHOMA STATE UNIVERSITY Phoebe Witten Austerman - ID #A20134343 411111 · SCHOLARSHIP CASH -4,000.00

Phoebe Witten Austerman - ID #A20134343 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43826 07/24/2020 EASTERN OREGON UNIVERSITY Kimberly May Ortiz - ID #910210552 411111 · SCHOLARSHIP CASH -4,000.00

Kimberly May Ortiz - ID #910210552 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43827 07/24/2020 Suny College of Environmental Science Kimberly Ferrara - ID #29190-5623 411111 · SCHOLARSHIP CASH -4,000.00

Kimberly Ferrara - ID #29190-5623 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43828 07/24/2020 Stonehill College Sydney Pezza-Luther ID #H80673493 411111 · SCHOLARSHIP CASH -4,000.00

Sydney Pezza-Luther ID #H80673493 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43829 07/24/2020 SOUTH DAKOTA STATE UNIVERSITY Mary Jo Nold - ID #7364819 411111 · SCHOLARSHIP CASH -4,000.00

Page 12 of 14


July 2020Type Num Date Name Memo Account Original AmountMary Jo Nold - ID #7364819 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43830 07/27/2020 MISSISSIPPI STATE UNIVERSITY Anna Katherine Armour - ID #904-833-106 411111 · SCHOLARSHIP CASH -4,000.00

Anna Katherine Armour - ID #904-833-106 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43831 07/27/2020 TEXAS TECH UNIVERSITY Brooke Evin Walterscheid - ID #R11518054 411111 · SCHOLARSHIP CASH -4,000.00

Brooke Evin Walterscheid - ID #R11518054 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43832 07/27/2020 UTAH STATE UNIVERSITY Kali Jo Clarke - ID #A02253474 411111 · SCHOLARSHIP CASH -4,000.00

Kali Jo Clarke - ID #A02253474 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43833 07/27/2020 St. Michael's College Jennifer Mallinson Mull - ID #957302932 411111 · SCHOLARSHIP CASH -4,000.00

Jennifer Mallinson Mull - ID #957302932 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43834 07/27/2020 Virginia Polytechnic Institute and State Amber Edwards - ID #906134077 411111 · SCHOLARSHIP CASH -4,000.00

Amber Edwards - ID #906134077 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43835 07/27/2020 UNIVERSITY OF WASHINGTON Stephanie Roh - ID #1928131 411111 · SCHOLARSHIP CASH -4,000.00

Stephanie Roh - ID #1928131 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43836 07/27/2020 West Virginia University Russell Husted Ward IV - ID #800231933 411111 · SCHOLARSHIP CASH -4,000.00

Russell Husted Ward IV - ID #800231933 461201 · SCHOLARSHIP & AWARDS 4,000.00

TOTAL 4,000.00

Check 43837 07/28/2020 Gregory F.X. Daly Collector of Revenue Tax ID #43-0739519 111111 · CASH BOA -771.24

Tax ID #43-0739519 126231 · CITY WITHOLDING 771.24

Page 13 of 14


July 2020Type Num Date Name Memo Account Original AmountTOTAL 771.24

Bill Pmt -Check 43838 07/28/2020 East Central District 25% Surplus to State of MO 111111 · CASH BOA -5,133.75

Bill FBM2019 05/31/2020 25% Surplus to State of Mo 167221 · FBM EXPENSES 5,133.75

TOTAL 5,133.75

Bill Pmt -Check 43839 07/28/2020 VIP PRINTING SERVICE 111111 · CASH BOA -166.30

Bill 235455 07/28/2020 159181 · MS INVOICES AND ENVELOPES 166.30

TOTAL 166.30

Bill Pmt -Check 43840 07/28/2020 AT&T 211111 · PHE CASH -534.18

Bill 314 865-3037 025 7 07/28/2020 267311 · TELEPHONE 534.18

TOTAL 534.18



TOTAL 194.08





TOTAL 480.77

Bill Pmt -Check 43843 07/28/2020 BRETSKY PROMOTIONS 111111 · CASH BOA -348.20

Bill 1643 07/28/2020 114411 · RIBBONS, SEALS& TAGS INV 348.20

TOTAL 348.20

Bill Pmt -Check 43844 07/28/2020 HILTON HOTELS VOID: NGC - 2021 Convention Hotel Deposit 111111 · CASH BOA 0.00

TOTAL 0.00

Page 14 of 14

National Garden Clubs, Inc As of July 31, 2020

Type Date Num Name Memo Debit Credit Balance111162 · FLOWER SHOW INSTR FUND 12,095.60

Total 111162 · FLOWER SHOW INSTR FUND 12,095.60

111171 · INT'L AFFIL. DIS. FUND 25,977.62Total 111171 · INT'L AFFIL. DIS. FUND 25,977.62

111281 · Floral Design Publications Fund 150,000.00Total 111281 · Floral Design Publications Fund 150,000.00

111301 · NATIONAL GARDEN PROJECT 62,620.32Total 111301 · NATIONAL GARDEN PROJECT 62,620.32

111351 · PRES DISCRETIONARY FUND 561.52Total 111351 · PRES DISCRETIONARY FUND 561.52

111381 · NATURAL DISASTER FUND 69,328.25Total 111381 · NATURAL DISASTER FUND 69,328.25

111521 · WORLD GARDENING 4,326.37Total 111521 · WORLD GARDENING 4,326.37

111552 · PENNY PINES 21,423.99Deposit 07/08/2020 6417-MR VICKIE KELLOGG Club-

AFTERNOON GARDEN CLUB204.00 21,627.99

Deposit 07/08/2020 6418-MR KRIS OLLILELEALA Club- AMOR DE LA TIERRA

68.00 21,695.99

Deposit 07/08/2020 6419-MR PATRICIA M Club- PLANTATION LAKES GARDEN CLUB

68.00 21,763.99

Deposit 07/08/2020 6420-MR PATRICIA M Club- PLANTATION LAKES GARDEN CLUB

68.00 21,831.99

Deposit 07/13/2020 6428-MR TORI CORKERY Club- TWIN CITY GC

68.00 21,899.99

Deposit 07/13/2020 6429-MR SUSAN CREASY Club- GLEN BURNIE GARDEN CLUB

68.00 21,967.99

General Journal 07/14/2020 3046-WF NA Club- A LIVING TRIBUTE ORG CT Inv# - 637

1,020.00 22,987.99

Deposit 07/17/2020 6433-MR MARGARET O'BRIEN Club- LA GRANGE GARDEN CLUB

68.00 23,055.99

Deposit 07/17/2020 6434-MR DIANE FREDERICKSON Club- NAMPA GARDEN CLUB

68.00 23,123.99

Deposit 07/20/2020 6440-MR JANA WALLING Club- FLORIDA FEDERATION OF GARDEN CLUBS, INC

952.00 24,075.99

Deposit 07/20/2020 6441-MR ILSE REINER Club- REDBUD 68.00 24,143.99

Deposit 07/20/2020 6442-MR ELAINE REINER Club- REDBUD 68.00 24,211.99

Deposit 07/20/2020 6443-MR JENNY HOLMES Club- FEDERATED GARDEN CLUBS OF NYS

340.00 24,551.99

Deposit 07/20/2020 6444-MR JANA WALLING Club- FLORIDA FEDERATION OF GC

1,360.00 25,911.99

Deposit 07/28/2020 6448-MR JANELER WISE Club- STONES RIVER GARDEN CLUB

68.00 25,979.99

Deposit 07/28/2020 6449-MR PAT HASWELL Club- TULSA GARDEN CLUB

68.00 26,047.99

Deposit 07/28/2020 6450-MR PHIL GOETKIN Club- EASTERN SHORE OF VIRGINIA MASTER GARDENERS

68.00 26,115.99

Page 1 of 2

National Garden Clubs, Inc As of July 31, 2020

Type Date Num Name Memo Debit Credit BalanceDeposit 07/28/2020 6451-MR JILL SEYMOUR Club- EVERGREEN

GARDEN CLUB272.00 26,387.99

Deposit 07/28/2020 6452-MR DORIS WILLIAMS Club- CULPEPER GARDEN CLUB

68.00 26,455.99

Deposit 07/28/2020 6453-MR JUDY GROTTS Club- CUSHING GLADIOLUS

68.00 26,523.99

General Journal 07/29/2020 3049-WF NA Club- A LIVING TRIBUTE ORG CT Inv# - 640

272.00 26,795.99

Total 111552 · PENNY PINES 5,372.00 0.00 26,795.99

111554 · Running Water Project 1,995.24Total 111554 · Running Water Project 1,995.24

111801 · International Flower Show Fund 50,263.59Total 111801 · International Flower Show Fund 50,263.59

111923 · Plant America - Restricted Fund -9,456.42General Journal 07/13/2020 3043-WF NA Club- MULTIPLE MYELOMA CT Inv# - 634 0.00 -9,456.42

General Journal 07/14/2020 3045-WF BEVERLY HILLS Club- NA AL Inv# - 636 0.00 -9,456.42

General Journal 07/15/2020 3047-WF MULTIPLE MYELOMA Club- NA CT Inv# - 638 0.00 -9,456.42

Deposit 07/28/2020 6454-MR RHONDA ROSETTI Club- NATIONAL GARDEN CLUBS 2019 CONVENTION

19,519.53 10,063.11

General Journal 07/30/2020 3050-WF THOMAS LAUB Club- NA NY Inv# - 641 0.00 10,063.11

Total 111923 · Plant America - Restricted Fund 19,519.53 0.00 10,063.11

111924 · Plant America - Endowment Fund 423,472.11Total 111924 · Plant America - Endowment Fund 423,472.11

221111 · JK Ground Improvement 2016-2017 1,153.60Total 221111 · JK Ground Improvement 2016-2017 1,153.60

Page 2 of 2

Vanguard Institutional Advisory Services®

Vanguard Institutional Advisory Services: 800-669-0498

July 31, 2020, fiscal year-to-date statementView your statements online at vanguard.com.

Page 1 of 12

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Statement overview $2,339,984.17Total value of all accounts as of July 31, 2020

July 31, 2020, fiscal year-to-date statement

Vanguard Institutional Advisory Services®Vanguard Institutional Advisory Services: 800-669-0498

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Accounts Value on

05/31/2020Value on

07/31/2020

NATIONAL GARDEN CLUBS INCJUNE M KUMMER FUND

Corporation account $2,196,080.36 $2,339,984.17

Asset mix

Value on07/31/2020

¢ 60.4% Equity $1,414,072.56¢ 39.6% Fixed Income 925,911.61

$2,339,984.17

Your asset mix percentages are based on your holdings as of the prior month-end.

CDDLRREG


Account overview $2,339,984.17Total account value as of July 31, 2020

Corporation accountNATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND


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Activity summary

Value on May 31, 2020 $2,196,080.36Purchases/withdrawals (no advice fees) 0.00

Advisory fees 0.00

Dividends, interest, and capital gains 8,574.56

Change in value 135,329.25

Value on July 31, 2020 $2,339,984.17

Year-to-date income Taxable income $8,574.56Nontaxable income 0.00Total $8,574.56

Cost basis summary (all investments)

Realized gain/lossFiscal year-to-date short-term $2,406.69Fiscal year-to-date long-term 5,222.59July short-term 0.00July long-term 0.00

Unrealized gain/loss 151,038.00

Balances and holdings for Vanguard funds

Beginning on January 1, 2012, new tax rules on taxable (nonretirement) mutual fund accounts (excluding money market funds) require Vanguard to track cost basisinformation for shares acquired and subsequently sold, on or after that date. Unless you select another method, sales of Vanguard mutual funds, but not ETFs, willdefault to the average cost method. For more information, visit vanguard.com/costbasis. Information related to the total cost of the investments and unrealized gain/lossmay not have been adjusted for in-kind asset transfers, wash sales or return of capital. Updated information will be included in any information that we report to the IRS.

Symbol Name Fund and accountAverage price

per share Total costUnrealized gains

and lossesBalance on05/31/2020

Balance on07/31/2020

VEXRX Explorer Fund Admiral 5024-88100622931 $86.95 $55,291.98 $8,286.10 $68,205.37 $63,578.08

VFIDX Inter-Term Invest-Gr Adm 0571-88100622931 10.28 93,844.34 3,719.85 84,181.99 97,564.19

VWETX Long-Term Invest-Gr Adm 0568-88100622931 11.55 79,439.05 6,573.77 71,689.50 86,012.82




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Balances and holdings for Vanguard funds continued





VFSUX Short-Term Invest-Gr Adm 0539-88100622931 10.83 141,820.59 2,179.88 122,767.96 144,000.47

VSEQX Strategic Equity Fund 0114-88100622931 29.34 60,782.88 1,750.41 63,323.45 62,533.29

VTABX Tot Intl Bond Ix Admiral 0511-88100622931 22.98 271,991.89 3,259.04 230,851.85 275,250.93

VTIAX Tot Intl Stock Ix Admiral 0569-88100622931 26.67 538,296.41 18,299.29 539,900.05 556,595.70

VBTLX Total Bond Mkt Index Adm 0584-88100622931 11.35 311,605.80 11,477.40 277,548.63 323,083.20

VTSAX Total Stock Mkt Idx Adm 0585-88100622931 71.53 377,478.21 47,720.05 427,718.58 425,198.26

VWUAX U.S. Growth Fund Admiral 0523-88100622931 106.57 117,552.19 42,129.55 163,878.30 159,681.74

VWNAX Windsor II Fund Adm 0573-88100622931 58.42 140,842.83 5,642.66 146,014.68 146,485.49

$2,196,080.36 $2,339,984.17

Account activity for Vanguard funds

Explorer Fund Admiral 5024-88100622931

Purchases Withdrawals Dividends

$0.00 -$10,098.71 $0.00

Date Transaction Amount Share priceShares

transactedTotal shares

owned Value

Beginning balance on 5/31/2020 $91.81 742.897 $68,205.3706/04 Exchange to IT IG Adm -$10,098.71 94.39 -106.989 635.908

Ending balance on 7/31/2020 $99.98 635.908 $63,578.08




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Account activity for Vanguard funds continued

Inter-Term Invest-Gr Adm 0571-88100622931


$10,157.94 $0.00 $413.55

30-day SEC yield as of 07/31/2020* 1.58%

*Based on holdings' yield to maturity for last 30 days; distribution may differ. For updated information, visit vanguard.com.



owned Value

Beginning balance on 5/31/2020 $10.38 8,110.018 $84,181.9906/04 Exchange from US Gro Adm $59.23 10.39 5.701 8,115.71906/04 Exchange from Explore Ad 10,098.71 10.39 971.964 9,087.68306/30 Income dividend 204.66 10.52 19.454 9,107.13707/31 Income dividend 208.89 10.69 19.541 9,126.678

Ending balance on 7/31/2020 $10.69 9,126.678 $97,564.19

Long-Term Invest-Gr Adm 0568-88100622931


$7,495.25 $0.00 $438.39





owned Value

Beginning balance on 5/31/2020 $11.59 6,185.462 $71,689.5006/04 Exchange from Str Equity $5,415.54 11.46 472.560 6,658.022




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Long-Term Invest-Gr Adm 0568-88100622931 continued



owned Value

06/04 Exchange from US Gro Adm 2,079.71 11.46 181.476 6,839.49806/30 Income dividend 214.18 11.83 18.105 6,857.60307/31 Income dividend 224.21 12.51 17.922 6,875.525


Short-Term Invest-Gr Adm 0539-88100622931


$18,758.93 $0.00 $567.89





owned Value

Beginning balance on 5/31/2020 $10.85 11,315.019 $122,767.9606/04 Exchange from US Gro Adm $9,240.70 10.88 849.329 12,164.34806/04 Exchange from Wdsr II Ad 9,518.23 10.88 874.837 13,039.18506/30 Income dividend 282.26 10.94 25.801 13,064.98607/31 Income dividend 285.63 11.00 25.966 13,090.952





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Strategic Equity Fund 0114-88100622931


$0.00 -$5,415.54 $0.00



owned Value

Beginning balance on 5/31/2020 $28.06 2,256.716 $63,323.4506/04 Exchange to LT IG Adm -$5,415.54 29.32 -184.705 2,072.011


Tot Intl Bond Ix Admiral 0511-88100622931


$40,160.12 $0.00 $433.78





owned Value

Beginning balance on 5/31/2020 $22.95 10,058.904 $230,851.8506/04 Exchange from US Gro Adm $11,734.06 22.87 513.077 10,571.98106/04 Exchange from TIntSIAdm 28,426.06 22.87 1,242.941 11,814.92206/30 Income dividend .0183 216.21 23.04 9.384 11,824.30607/31 Income dividend .0184 217.57 23.26 9.354 11,833.660





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Tot Intl Stock Ix Admiral 0569-88100622931


$0.00 -$28,426.06 $2,684.68



owned Value

Beginning balance on 5/31/2020 $25.54 21,139.391 $539,900.0506/04 Exchange to TIntBIxAdm -$28,426.06 26.83 -1,059.488 20,079.90306/19 Income dividend .1337 2,684.68 26.52 101.232 20,181.135


Total Bond Mkt Index Adm 0584-88100622931


$38,179.38 $0.00 $1,164.15





owned Value

Beginning balance on 5/31/2020 $11.55 24,030.184 $277,548.6306/04 Exchange from US Gro Adm $3,019.30 11.50 262.548 24,292.73206/04 Exchange from Ttl Ix Adm 35,160.08 11.50 3,057.398 27,350.13006/30 Income dividend 582.57 11.61 50.178 27,400.30807/31 Income dividend 581.58 11.77 49.412 27,449.720





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Total Stock Mkt Idx Adm 0585-88100622931


$0.00 -$35,160.08 $1,780.44



owned Value

Beginning balance on 5/31/2020 $74.89 5,711.291 $427,718.5806/04 Exchange to Tl B Ix Ad -$35,160.08 76.82 -457.694 5,253.59706/24 Income dividend .3389 1,780.44 74.87 23.780 5,277.377


U.S. Growth Fund Admiral 0523-88100622931


$0.00 -$26,133.00 $0.00



owned Value

Beginning balance on 5/31/2020 $125.12 1,309.769 $163,878.3006/04 Exchange to TIntBIxAdm -$11,734.06 126.39 -92.840 1,216.92906/04 Exchange to Tl B Ix Ad -3,019.30 126.39 -23.889 1,193.04006/04 Exchange to LT IG Adm -2,079.71 126.39 -16.455 1,176.58506/04 Exchange to IT IG Adm -59.23 126.39 -0.469 1,176.11606/04 Exchange to ST IG Adm -9,240.70 126.39 -73.113 1,103.003





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Windsor II Fund Adm 0573-88100622931


$0.00 -$9,518.23 $1,091.68



owned Value

Beginning balance on 5/31/2020 $57.22 2,551.812 $146,014.6806/04 Exchange to ST IG Adm -$9,518.23 59.34 -160.402 2,391.41006/26 Income dividend .4565 1,091.68 56.05 19.477 2,410.887





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Realized gains and losses

You can get cost basis information for both realized and unrealized gains and losses for your Vanguard account at vanguard.com.

Some or all of this information may be reported to the IRS on Form 1099-B Proceeds from Broker and Barter Exchange Transactions. Vanguard provides costbasis information using the average cost method for mutual funds and first in, first out for other holdings, unless you've selected another method. You maywant to consult a tax advisor to determine the appropriate method for you. Certain adjustments may change the basis we're currently reporting to you. Inthat event, we'll send you revised realized gain and loss information. A dash indicates the information on our system was incomplete at the time thisdocument was generated. See IRS Publication 550 (Investment Income and Expenses) for additional information.

Vanguard funds


Term Date sold Quantity Proceeds Total cost Gain/Loss Disallowed lossTotal gain/

Allowable loss

Short-termLong-term

06/0406/04

55.42351.566

$5,231.384,867.33

$4,819.004,483.64

$412.38383.69

$0.000.00

$412.38383.69



Allowable loss

Short-termLong-term

06/0406/04

34.068150.637

$998.874,416.67

$999.404,418.97

-$0.53-2.30

$0.000.00

-$0.53-2.30



Allowable loss

Short-termLong-term

06/0406/04

0.0001,059.488

$0.0028,426.06

$0.0028,260.80

$0.00165.26

$0.000.00

$0.00165.26




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Realized gains and losses continued



Allowable loss

Short-termLong-term

06/0406/04

11.632446.062

$893.5734,266.51

$831.8431,898.99

$61.732,367.52

$0.000.00

$61.732,367.52



Allowable loss

Short-termLong-term

06/0406/04

16.4550.000

$2,079.710.00

$1,753.690.00

$326.020.00

$0.000.00

$326.020.00

Short-termLong-term

06/0406/04

73.1130.000

$9,240.700.00

$7,791.990.00

$1,448.710.00

$0.000.00

$1,448.710.00

Short-termLong-term

06/0406/04

0.00023.889

$0.003,019.30

$0.002,545.96

$0.00473.34

$0.000.00

$0.00473.34

Short-termLong-term

06/0406/04

0.0000.469

$0.0059.23

$0.0049.98

$0.009.25

$0.000.00

$0.009.25

Short-termLong-term

06/0406/04

7.99384.847

$1,010.2310,723.83

$851.859,042.54

$158.381,681.29

$0.000.00

$158.381,681.29

Total short-termTotal long-term

06/0406/04

97.561109.205

$12,330.6413,802.36

$10,397.5311,638.48

$1,933.112,163.88

$0.000.00

$1,933.112,163.88



Allowable loss

Short-termLong-term

06/0406/04

0.000160.402

$0.009,518.23

$0.009,373.69

$0.00144.54

$0.000.00

$0.00144.54




Page 1 of 12

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Statement overview $400,611.91Total value of all accounts as of July 31, 2020



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Accounts Value on

05/31/2020Value on

07/31/2020

NATIONAL GARDEN CLUBS INCENDOWMENT FUND

Corporation account $375,982.76 $400,611.91

Asset mix

Value on07/31/2020

¢ 60.4% Equity $242,092.34¢ 39.6% Fixed Income 158,519.57

$400,611.91


CDDLRREG


Account overview $400,611.91Total account value as of July 31, 2020

Corporation accountNATIONAL GARDEN CLUBS INC ENDOWMENT FUND


20200801 215048R

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402A000000019650842

C

Page 3 of 12

Activity summary

Value on May 31, 2020 $375,982.76Purchases/withdrawals (no advice fees) 0.00

Advisory fees 0.00



Value on July 31, 2020 $400,611.91



Realized gain/lossFiscal year-to-date short-term $0.00Fiscal year-to-date long-term 7,605.00July short-term 0.00July long-term 0.00














Page 4 of 12

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VFSUX Short-Term Invest-Gr Adm 0539-09969815081 10.74 24,066.12 587.31 21,027.82 24,653.43








$375,982.76 $400,611.91




$0.00 -$1,712.27 $0.00



owned Value






Page 5 of 12

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$1,735.16 $0.00 $70.80





owned Value

Beginning balance on 5/31/2020 $10.38 1,388.842 $14,416.1806/04 Exchange from US Gro Adm $22.89 10.39 2.203 1,391.04506/04 Exchange from Explore Ad 1,712.27 10.39 164.800 1,555.84506/30 Income dividend 35.04 10.52 3.331 1,559.17607/31 Income dividend 35.76 10.69 3.345 1,562.521




$1,291.71 $0.00 $75.06





owned Value

Beginning balance on 5/31/2020 $11.59 1,058.237 $12,264.9706/04 Exchange from Str Equity $886.37 11.46 77.345 1,135.582




Page 6 of 12

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owned Value

06/04 Exchange from US Gro Adm 405.34 11.46 35.370 1,170.95206/30 Income dividend 36.67 11.83 3.100 1,174.05207/31 Income dividend 38.39 12.51 3.069 1,177.121




$3,202.09 $0.00 $97.23





owned Value

Beginning balance on 5/31/2020 $10.85 1,938.048 $21,027.8206/04 Exchange from US Gro Adm $1,597.89 10.88 146.865 2,084.91306/04 Exchange from Wdsr II Ad 1,604.20 10.88 147.445 2,232.35806/30 Income dividend 48.33 10.94 4.418 2,236.77607/31 Income dividend 48.90 11.00 4.445 2,241.221





Page 7 of 12

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$0.00 -$886.37 $0.00



owned Value

Beginning balance on 5/31/2020 $28.06 384.967 $10,802.1706/04 Exchange to LT IG Adm -$886.37 29.32 -30.231 354.736




$6,861.73 $0.00 $74.27





owned Value

Beginning balance on 5/31/2020 $22.95 1,722.727 $39,536.5806/04 Exchange from US Gro Adm $2,138.98 22.87 93.528 1,816.25506/04 Exchange from TIntSIAdm 4,722.75 22.87 206.504 2,022.75906/30 Income dividend .0183 37.02 23.04 1.607 2,024.36607/31 Income dividend .0184 37.25 23.26 1.601 2,025.967





Page 8 of 12

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$0.00 -$4,722.75 $459.63



owned Value

Beginning balance on 5/31/2020 $25.54 3,613.791 $92,296.2206/04 Exchange to TIntBIxAdm -$4,722.75 26.83 -176.025 3,437.76606/19 Income dividend .1337 459.63 26.52 17.331 3,455.097




$6,523.04 $0.00 $199.31





owned Value

Beginning balance on 5/31/2020 $11.55 4,115.221 $47,530.8006/04 Exchange from US Gro Adm $456.59 11.50 39.703 4,154.92406/04 Exchange from Ttl Ix Adm 6,066.45 11.50 527.517 4,682.44106/30 Income dividend 99.74 11.61 8.591 4,691.03207/31 Income dividend 99.57 11.77 8.460 4,699.492





Page 9 of 12

20200801 215048R

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$0.00 -$6,066.45 $304.82



owned Value

Beginning balance on 5/31/2020 $74.89 978.403 $73,272.6006/04 Exchange to Tl B Ix Ad -$6,066.45 76.82 -78.970 899.43306/24 Income dividend .3389 304.82 74.87 4.071 903.504




$0.00 -$4,621.69 $0.00



owned Value

Beginning balance on 5/31/2020 $125.12 225.389 $28,200.6706/04 Exchange to TIntBIxAdm -$2,138.98 126.39 -16.924 208.46506/04 Exchange to ST IG Adm -1,597.89 126.39 -12.643 195.82206/04 Exchange to IT IG Adm -22.89 126.39 -0.181 195.64106/04 Exchange to LT IG Adm -405.34 126.39 -3.207 192.43406/04 Exchange to Tl B Ix Ad -456.59 126.39 -3.613 188.821





Page 10 of 12

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$0.00 -$1,604.20 $186.90



owned Value

Beginning balance on 5/31/2020 $57.22 436.452 $24,973.7806/04 Exchange to ST IG Adm -$1,604.20 59.34 -27.034 409.41806/26 Income dividend .4565 186.90 56.05 3.335 412.753





Page 11 of 12

20200801 215048R

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Vanguard funds



Allowable loss

Short-termLong-term

06/0406/04

0.00018.140

$0.001,712.27

$0.001,285.24

$0.00427.03

$0.000.00

$0.00427.03



Allowable loss

Short-termLong-term

06/0406/04

0.00030.231

$0.00886.37

$0.00670.46

$0.00215.91

$0.000.00

$0.00215.91



Allowable loss

Short-termLong-term

06/0406/04

0.000176.025

$0.004,722.75

$0.004,150.04

$0.00572.71

$0.000.00

$0.00572.71




Page 12 of 12

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Allowable loss

Short-termLong-term

06/0406/04

0.00078.970

$0.006,066.45

$0.002,535.98

$0.003,530.47

$0.000.00

$0.003,530.47



Allowable loss

Short-termLong-term

06/0406/04

0.0000.181

$0.0022.89

$0.009.65

$0.0013.24

$0.000.00

$0.0013.24

Short-termLong-term

06/0406/04

0.0003.613

$0.00456.59

$0.00192.70

$0.00263.89

$0.000.00

$0.00263.89

Short-termLong-term

06/0406/04

0.00016.924

$0.002,138.98

$0.00902.63

$0.001,236.35

$0.000.00

$0.001,236.35

Short-termLong-term

06/0406/04

0.0003.207

$0.00405.34

$0.00171.04

$0.00234.30

$0.000.00

$0.00234.30

Short-termLong-term

06/0406/04

0.00012.643

$0.001,597.89

$0.00674.31

$0.00923.58

$0.000.00

$0.00923.58


06/0406/04

0.00036.568

$0.004,621.69

$0.001,950.33

$0.002,671.36

$0.000.00

$0.002,671.36



Allowable loss

Short-termLong-term

06/0406/04

0.00027.034

$0.001,604.20

$0.001,416.68

$0.00187.52

$0.000.00

$0.00187.52




Page 1 of 12

NA

TIO

NA

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AR

DE

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LUB

S IN

CP

ER

MA

NE

NT

HO

ME

& E

ND

WM

NT

FU

ND

4401

MA

GN

OLI

A A

VE

SA

INT

LO

UIS

MO

631

10-3

406

20200801 215048R

SB

JM536

402A000000070420965

C

Do

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9




Page 2 of 12

20200801 215048R

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Accounts Value on

05/31/2020Value on

07/31/2020

NATIONAL GARDEN CLUBS INCPERMANENT HOME & ENDWMNT FUND


Asset mix

Value on07/31/2020

¢ 60.4% Equity $4,544,432.17¢ 39.6% Fixed Income 2,975,646.29

$7,520,078.46


CDDLRREG



Corporation accountNATIONAL GARDEN CLUBS INC PERMANENT HOME & ENDWMNT FUND


20200801 215048R

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Page 3 of 12

Activity summary


Advisory fees 0.00



Value on July 31, 2020 $7,520,078.46




Unrealized gain/loss 1,837,901.24













Page 4 of 12

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VTIAX Tot Intl Stock Ix Admiral 0569-09934306952 23.72 1,538,578.23 250,186.55 1,732,168.52 1,788,764.78

VBTLX Total Bond Mkt Index Adm 0584-09934306952 10.58 933,004.99 105,302.24 892,199.05 1,038,307.23

VTSAX Total Stock Mkt Idx Adm 0585-09934306952 32.22 546,472.67 820,002.99 1,375,674.11 1,366,475.66



$7,057,757.68 $7,520,078.46




$0.00 -$32,170.35 $0.00



owned Value

Beginning balance on 5/31/2020 $91.81 2,384.501 $218,921.0406/04 Exchange to IT IG Adm -$32,170.35 94.39 -340.824 2,043.677





Page 5 of 12

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$32,578.72 $0.00 $1,329.06





owned Value

Beginning balance on 5/31/2020 $10.38 26,069.921 $270,605.7806/04 Exchange from US Gro Adm $408.37 10.39 39.304 26,109.22506/04 Exchange from Explore Ad 32,170.35 10.39 3,096.280 29,205.50506/30 Income dividend 657.75 10.52 62.524 29,268.02907/31 Income dividend 671.31 10.69 62.798 29,330.827




$24,253.53 $0.00 $1,408.84





owned Value

Beginning balance on 5/31/2020 $11.59 19,864.125 $230,225.2106/04 Exchange from Str Equity $16,652.79 11.46 1,453.123 21,317.248




Page 6 of 12

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owned Value





$60,118.77 $0.00 $1,825.08





owned Value

Beginning balance on 5/31/2020 $10.85 36,379.032 $394,712.5006/04 Exchange from US Gro Adm $29,913.83 10.88 2,749.433 39,128.46506/04 Exchange from Wdsr II Ad 30,204.94 10.88 2,776.189 41,904.65406/30 Income dividend 907.14 10.94 82.920 41,987.57407/31 Income dividend 917.94 11.00 83.449 42,071.023





Page 7 of 12

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$0.00 -$16,652.79 $0.00



owned Value





$128,824.94 $0.00 $1,394.06





owned Value

Beginning balance on 5/31/2020 $22.95 32,337.252 $742,139.9306/04 Exchange from US Gro Adm $40,559.31 22.87 1,773.472 34,110.72406/04 Exchange from TIntSIAdm 88,265.63 22.87 3,859.450 37,970.17406/30 Income dividend .0183 694.85 23.04 30.158 38,000.33207/31 Income dividend .0184 699.21 23.26 30.061 38,030.393





Page 8 of 12

20200801 215048R

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$0.00 -$88,265.63 $8,627.93



owned Value

Beginning balance on 5/31/2020 $25.54 67,821.790 $1,732,168.5206/04 Exchange to TIntBIxAdm -$88,265.63 26.83 -3,289.811 64,531.97906/19 Income dividend .1337 8,627.93 26.52 325.337 64,857.316

Ending balance on 7/31/2020 $27.58 64,857.316 $1,788,764.78



$122,471.36 $0.00 $3,741.34





owned Value

Beginning balance on 5/31/2020 $11.55 77,246.671 $892,199.0506/04 Exchange from US Gro Adm $8,348.98 11.50 725.998 77,972.66906/04 Exchange from Ttl Ix Adm 114,122.38 11.50 9,923.685 87,896.35406/30 Income dividend 1,872.29 11.61 161.265 88,057.61907/31 Income dividend 1,869.05 11.77 158.798 88,216.417





Page 9 of 12

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$0.00 -$114,122.38 $5,721.88



owned Value

Beginning balance on 5/31/2020 $74.89 18,369.263 $1,375,674.1106/04 Exchange to Tl B Ix Ad -$114,122.38 76.82 -1,485.582 16,883.68106/24 Income dividend .3389 5,721.88 74.87 76.424 16,960.105




$0.00 -$86,831.23 $0.00



owned Value

Beginning balance on 5/31/2020 $125.12 4,231.472 $529,441.7806/04 Exchange to TIntBIxAdm -$40,559.31 126.39 -320.906 3,910.56606/04 Exchange to IT IG Adm -408.37 126.39 -3.231 3,907.33506/04 Exchange to Tl B Ix Ad -8,348.98 126.39 -66.057 3,841.27806/04 Exchange to LT IG Adm -7,600.74 126.39 -60.137 3,781.14106/04 Exchange to ST IG Adm -29,913.83 126.39 -236.679 3,544.462





Page 10 of 12

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$0.00 -$30,204.94 $3,508.38



owned Value






Page 11 of 12

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Vanguard funds



Allowable loss

Short-termLong-term

06/0406/04

0.000340.824

$0.0032,170.35

$0.0024,145.84

$0.008,024.51

$0.000.00

$0.008,024.51



Allowable loss

Short-termLong-term

06/0406/04

0.000567.967

$0.0016,652.79

$0.0012,729.08

$0.003,923.71

$0.000.00

$0.003,923.71



Allowable loss

Short-termLong-term

06/0406/04

0.0003,289.811

$0.0088,265.63

$0.0077,996.17

$0.0010,269.46

$0.000.00

$0.0010,269.46




Page 12 of 12

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Allowable loss

Short-termLong-term

06/0406/04

0.0001,485.582

$0.00114,122.38

$0.0047,580.24

$0.0066,542.14

$0.000.00

$0.0066,542.14



Allowable loss

Short-termLong-term

06/0406/04

0.000236.679

$0.0029,913.83

$0.0012,631.39

$0.0017,282.44

$0.000.00

$0.0017,282.44

Short-termLong-term

06/0406/04

0.0003.231

$0.00408.37

$0.00172.44

$0.00235.93

$0.000.00

$0.00235.93

Short-termLong-term

06/0406/04

0.000320.906

$0.0040,559.31

$0.0017,126.53

$0.0023,432.78

$0.000.00

$0.0023,432.78

Short-termLong-term

06/0406/04

0.00060.137

$0.007,600.74

$0.003,209.47

$0.004,391.27

$0.000.00

$0.004,391.27

Short-termLong-term

06/0406/04

0.00066.057

$0.008,348.98

$0.003,525.42

$0.004,823.56

$0.000.00

$0.004,823.56


06/0406/04

0.000687.010

$0.0086,831.23

$0.0036,665.25

$0.0050,165.98

$0.000.00

$0.0050,165.98



Allowable loss

Short-termLong-term

06/0406/04

0.000509.015

$0.0030,204.94

$0.0026,754.55

$0.003,450.39

$0.000.00

$0.003,450.39




Page 1 of 12

NA

TIO

NA

L G

AR

DE

N C

LUB

S IN

CD

EE

N D

AY

SA

ND

ER

S F

UN

D44

01 M

AG

NO

LIA

AV

ES

AIN

T L

OU

IS M

O 6

3110

-340

6

20200801 215048R

SB

JM536

402A000000068674774

C

Do

No

t U

se F

or

Acc

ou

nt

Tra

nsa

ctio

ns

PO

BO

X 3

009

MO

NR

OE

, WI 5

3566

-830

9

Statement overview $591,583.96Total value of all accounts as of July 31, 2020



Page 2 of 12

20200801 215048R

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Accounts Value on

05/31/2020Value on

07/31/2020

NATIONAL GARDEN CLUBS INCDEEN DAY SANDERS FUND

Corporation account $557,328.94 $591,583.96

Asset mix

Value on07/31/2020

¢ 60.4% Equity $357,371.86¢ 39.6% Fixed Income 234,212.10

$591,583.96


CDDLRREG


Account overview $591,583.96Total account value as of July 31, 2020

Corporation accountNATIONAL GARDEN CLUBS INC DEEN DAY SANDERS FUND


20200801 215048R

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Page 3 of 12

Activity summary

Value on May 31, 2020 $557,328.94Purchases/withdrawals (no advice fees) 0.00

Advisory fees 0.00



Value on July 31, 2020 $591,583.96











VEXRX Explorer Fund Admiral 5024-88092678080 - - - $17,354.02 $16,134.77

VFIDX Inter-Term Invest-Gr Adm 0571-88092678080 9.98 23,018.48 $1,636.27 21,295.17 24,654.75





Page 4 of 12

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VFSUX Short-Term Invest-Gr Adm 0539-88092678080 10.74 35,550.93 849.86 31,076.92 36,400.79

VSEQX Strategic Equity Fund 0114-88092678080 30.16 15,857.35 12.77 16,082.08 15,870.12






VWNAX Windsor II Fund Adm 0573-88092678080 64.40 39,083.88 -2,208.03 37,179.90 36,875.85

$557,328.94 $591,583.96




$0.00 -$2,609.07 $0.00



owned Value






Page 5 of 12

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$2,647.16 $0.00 $104.82





owned Value

Beginning balance on 5/31/2020 $10.38 2,051.558 $21,295.1706/04 Exchange from US Gro Adm $38.09 10.39 3.666 2,055.22406/04 Exchange from Explore Ad 2,609.07 10.39 251.114 2,306.33806/30 Income dividend cash 51.92 2,306.33807/31 Income dividend cash 52.90 2,306.338




$2,009.34 $0.00 $111.07





owned Value





Page 6 of 12

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owned Value

06/04 Exchange from US Gro Adm 622.99 11.46 54.362 1,735.82106/30 Income dividend cash 54.32 1,735.82107/31 Income dividend cash 56.75 1,735.821




$4,840.85 $0.00 $143.96





owned Value

Beginning balance on 5/31/2020 $10.85 2,864.232 $31,076.9206/04 Exchange from US Gro Adm $2,297.48 10.88 211.165 3,075.39706/04 Exchange from Wdsr II Ad 2,543.37 10.88 233.766 3,309.16306/30 Income dividend cash 71.61 3,309.16307/31 Income dividend cash 72.35 3,309.163





Page 7 of 12

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$0.00 -$1,386.35 $0.00



owned Value

Beginning balance on 5/31/2020 $28.06 573.132 $16,082.0806/04 Exchange to LT IG Adm -$1,386.35 29.32 -47.283 525.849




$10,104.52 $0.00 $110.04





owned Value

Beginning balance on 5/31/2020 $22.95 2,556.647 $58,675.0506/04 Exchange from US Gro Adm $3,036.51 22.87 132.773 2,689.42006/04 Exchange from TIntSIAdm 7,068.01 22.87 309.052 2,998.47206/30 Income div cash .0183 54.87 2,998.47207/31 Income div cash .0184 55.17 2,998.472





Page 8 of 12

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$0.00 -$7,068.01 $681.34



owned Value

Beginning balance on 5/31/2020 $25.54 5,359.457 $136,880.5306/04 Exchange to TIntBIxAdm -$7,068.01 26.83 -263.437 5,096.02006/19 Income div cash .1337 681.34 5,096.020




$9,858.28 $0.00 $295.14





owned Value

Beginning balance on 5/31/2020 $11.55 6,083.878 $70,268.7906/04 Exchange from US Gro Adm $995.43 11.50 86.559 6,170.43706/04 Exchange from Ttl Ix Adm 8,862.85 11.50 770.683 6,941.12006/30 Income dividend cash 147.81 6,941.12007/31 Income dividend cash 147.33 6,941.120





Page 9 of 12

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$0.00 -$8,862.85 $451.85



owned Value

Beginning balance on 5/31/2020 $74.89 1,448.666 $108,490.6006/04 Exchange to Tl B Ix Ad -$8,862.85 76.82 -115.372 1,333.29406/24 Income div cash .3389 451.85 1,333.294




$0.00 -$6,990.50 $0.00



owned Value

Beginning balance on 5/31/2020 $125.12 335.197 $41,939.8506/04 Exchange to TIntBIxAdm -$3,036.51 126.39 -24.025 311.17206/04 Exchange to ST IG Adm -2,297.48 126.39 -18.178 292.99406/04 Exchange to LT IG Adm -622.99 126.39 -4.929 288.06506/04 Exchange to IT IG Adm -38.09 126.39 -0.301 287.76406/04 Exchange to Tl B Ix Ad -995.43 126.39 -7.876 279.888





Page 10 of 12

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$0.00 -$2,543.37 $277.05



owned Value

Beginning balance on 5/31/2020 $57.22 649.771 $37,179.9006/04 Exchange to ST IG Adm -$2,543.37 59.34 -42.861 606.91006/26 Income div cash .4565 277.05 606.910





Page 11 of 12

20200801 215048R

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Vanguard funds



Allowable loss

Short-termLong-term

06/0406/04

0.00047.283

$0.001,386.35

$0.001,425.85

$0.00-39.50

$0.000.00

$0.00-39.50



Allowable loss

Short-termLong-term

06/0406/04

0.000263.437

$0.007,068.01

$0.006,995.37

$0.0072.64

$0.000.00

$0.0072.64



Allowable loss

Short-termLong-term

06/0406/04

0.000115.372

$0.008,862.85

$0.005,950.11

$0.002,912.74

$0.000.00

$0.002,912.74




Page 12 of 12

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Allowable loss

Short-termLong-term

06/0406/04

0.00024.025

$0.003,036.51

$0.001,953.90

$0.001,082.61

$0.000.00

$0.001,082.61

Short-termLong-term

06/0406/04

0.00018.178

$0.002,297.48

$0.001,478.37

$0.00819.11

$0.000.00

$0.00819.11

Short-termLong-term

06/0406/04

0.0004.929

$0.00622.99

$0.00400.86

$0.00222.13

$0.000.00

$0.00222.13

Short-termLong-term

06/0406/04

0.0000.301

$0.0038.09

$0.0024.48

$0.0013.61

$0.000.00

$0.0013.61

Short-termLong-term

06/0406/04

0.0007.876

$0.00995.43

$0.00640.54

$0.00354.89

$0.000.00

$0.00354.89


06/0406/04

0.00055.309

$0.006,990.50

$0.004,498.15

$0.002,492.35

$0.000.00

$0.002,492.35



Allowable loss

Short-termLong-term

06/0406/04

0.00042.861

$0.002,543.37

$0.002,760.17

$0.00-216.80

$0.000.00

$0.00-216.80




Page 1 of 14

NA

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CH

OLA

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FU

ND

4401

MA

GN

OLI

A A

VE

SA

INT

LO

UIS

MO

631

10-3

406

20200801 215048R

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JM536

402A000000070420246

C

Do

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20200801 215048R

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Accounts Value on

05/31/2020Value on

07/31/2020

NATIONAL GARDEN CLUBS INCSCHOLARSHIP FUND


Asset mix

Value on07/31/2020


$4,874,630.59


CDDLRREG



Corporation accountNATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND


20200801 215048R

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JM536

402A000000070420246

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Page 3 of 14

Activity summary

Value on May 31, 2020 $4,817,905.33Purchases/withdrawals (no advice fees) -255,000.00

Advisory fees 0.00



Value on July 31, 2020 $4,874,630.59



Realized gain/lossFiscal year-to-date short-term $0.00Fiscal year-to-date long-term 163,603.37July short-term 0.00July long-term 64,926.30














Page 4 of 14

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VTIAX Tot Intl Stock Ix Admiral 0569-09934306648 23.69 992,478.02 163,142.29 1,181,068.21 1,155,620.31





$4,817,905.33 $4,874,630.59




$0.00 -$24,189.72 $0.00



owned Value

Beginning balance on 5/31/2020 $91.81 1,628.748 $149,535.3506/04 Exchange to IT IG Adm -$22,056.07 94.39 -233.670 1,395.07807/14 Wire redemption -2,133.65 95.32 -22.384 1,372.694





Page 5 of 14

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$22,270.48 -$11,379.10 $893.81





owned Value

Beginning balance on 5/31/2020 $10.38 17,793.296 $184,694.4106/04 Exchange from US Gro Adm $214.41 10.39 20.636 17,813.93206/04 Exchange from Explore Ad 22,056.07 10.39 2,122.817 19,936.74906/30 Income dividend 449.00 10.52 42.681 19,979.43007/14 Wire redemption -11,379.10 10.58 -1,075.529 18,903.90107/31 Income dividend 444.81 10.69 41.610 18,945.511




$16,582.24 -$16,722.01 $937.12





owned Value

Beginning balance on 5/31/2020 $11.59 13,557.731 $157,134.10




Page 6 of 14

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owned Value

06/04 Exchange from Str Equity $11,351.27 11.46 990.512 14,548.24306/04 Exchange from US Gro Adm 5,230.97 11.46 456.455 15,004.69806/30 Income dividend 469.83 11.83 39.715 15,044.41307/14 Wire redemption -16,722.01 12.19 -1,371.781 13,672.63207/31 Income dividend 467.29 12.51 37.353 13,709.985




$41,085.07 -$14,133.37 $1,230.54





owned Value

Beginning balance on 5/31/2020 $10.85 24,829.445 $269,399.4806/04 Exchange from US Gro Adm $20,141.01 10.88 1,851.196 26,680.64106/04 Exchange from Wdsr II Ad 20,944.06 10.88 1,925.006 28,605.64706/30 Income dividend 619.24 10.94 56.603 28,662.25007/14 Wire redemption -14,133.37 10.96 -1,289.541 27,372.70907/31 Income dividend 611.30 11.00 55.573 27,428.282





Page 7 of 14

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$0.00 -$11,351.27 $0.00



owned Value





$88,024.44 -$27,266.90 $929.91





owned Value

Beginning balance on 5/31/2020 $22.95 22,070.923 $506,527.6806/04 Exchange from US Gro Adm $29,217.08 22.87 1,277.529 23,348.45206/04 Exchange from TIntSIAdm 58,807.36 22.87 2,571.376 25,919.82806/30 Income dividend .0183 474.33 23.04 20.587 25,940.41507/14 Wire redemption -27,266.90 23.10 -1,180.385 24,760.03007/31 Income dividend .0184 455.58 23.26 19.586 24,779.616





Page 8 of 14

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$0.00 -$124,171.70 $5,889.75



owned Value

Beginning balance on 5/31/2020 $25.54 46,243.861 $1,181,068.2106/04 Exchange to TIntBIxAdm -$58,807.36 26.83 -2,191.851 44,052.01006/19 Income dividend .1337 5,889.75 26.52 222.087 44,274.09707/14 Wire redemption -65,364.34 27.54 -2,373.433 41,900.664




$83,705.27 -$34,822.11 $2,519.57





owned Value

Beginning balance on 5/31/2020 $11.55 52,722.563 $608,945.6006/04 Exchange from US Gro Adm $4,829.15 11.50 419.926 53,142.48906/04 Exchange from Ttl Ix Adm 78,876.12 11.50 6,858.793 60,001.28206/30 Income dividend 1,278.07 11.61 110.084 60,111.36607/14 Wire redemption -34,822.11 11.67 -2,983.900 57,127.466




Page 9 of 14

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Total Bond Mkt Index Adm 0584-09934306648 continued



owned Value

07/31 Income dividend 1,241.50 11.77 105.480 57,232.946




$0.00 -$118,043.78 $3,905.95



owned Value

Beginning balance on 5/31/2020 $74.89 12,552.143 $940,029.9906/04 Exchange to Tl B Ix Ad -$78,876.12 76.82 -1,026.765 11,525.37806/24 Income dividend .3389 3,905.95 74.87 52.170 11,577.54807/14 Wire redemption -39,167.66 78.51 -498.888 11,078.660




$0.00 -$95,262.49 $0.00



owned Value

Beginning balance on 5/31/2020 $125.12 2,891.354 $361,766.2106/04 Exchange to LT IG Adm -$5,230.97 126.39 -41.388 2,849.96606/04 Exchange to IT IG Adm -214.41 126.39 -1.696 2,848.270




Page 10 of 14

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U.S. Growth Fund Admiral 0523-09934306648 continued



owned Value

06/04 Exchange to ST IG Adm -20,141.01 126.39 -159.356 2,688.91406/04 Exchange to Tl B Ix Ad -4,829.15 126.39 -38.208 2,650.70606/04 Exchange to TIntBIxAdm -29,217.08 126.39 -231.166 2,419.54007/14 Wire redemption -35,629.87 140.10 -254.317 2,165.223




$0.00 -$29,325.05 $2,394.95



owned Value

Beginning balance on 5/31/2020 $57.22 5,599.278 $320,390.6906/04 Exchange to ST IG Adm -$20,944.06 59.34 -352.950 5,246.32806/26 Income dividend .4565 2,394.95 56.05 42.729 5,289.05707/14 Wire redemption -8,380.99 59.18 -141.619 5,147.438





Page 11 of 14

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Vanguard funds



Allowable loss

Short-termLong-term

06/0406/04

0.000233.670

$0.0022,056.07

$0.0016,395.03

$0.005,661.04

$0.000.00

$0.005,661.04

Short-termLong-term

07/1407/14

0.00022.384

$0.002,133.65

$0.001,570.53

$0.00563.12

$0.000.00

$0.00563.12


VariousVarious

0.000256.054

$0.0024,189.72

$0.0017,965.56

$0.006,224.16

$0.000.00

$0.006,224.16



Allowable loss

Short-termLong-term

07/1407/14

0.0001,075.529

$0.0011,379.10

$0.0010,565.22

$0.00813.88

$0.000.00

$0.00813.88



Allowable loss

Short-termLong-term

07/1407/14

0.0001,371.781

$0.0016,722.01

$0.0014,718.97

$0.002,003.04

$0.000.00

$0.002,003.04




Page 12 of 14

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Allowable loss

Short-termLong-term

07/1407/14

0.0001,289.541

$0.0014,133.37

$0.0013,852.67

$0.00280.70

$0.000.00

$0.00280.70



Allowable loss

Short-termLong-term

06/0406/04

0.000387.151

$0.0011,351.27

$0.008,583.27

$0.002,768.00

$0.000.00

$0.002,768.00



Allowable loss

Short-termLong-term

07/1407/14

0.0001,180.385

$0.0027,266.90

$0.0024,751.36

$0.002,515.54

$0.000.00

$0.002,515.54



Allowable loss

Short-termLong-term

06/0406/04

0.0002,191.851

$0.0058,807.36

$0.0051,885.86

$0.006,921.50

$0.000.00

$0.006,921.50

Short-termLong-term

07/1407/14

0.0002,373.433

$0.0065,364.34

$0.0056,218.20

$0.009,146.14

$0.000.00

$0.009,146.14


VariousVarious

0.0004,565.284

$0.00124,171.70

$0.00108,104.06

$0.0016,067.64

$0.000.00

$0.0016,067.64




Page 13 of 14

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Allowable loss

Short-termLong-term

07/1407/14

0.0002,983.900

$0.0034,822.11

$0.0031,535.82

$0.003,286.29

$0.000.00

$0.003,286.29



Allowable loss

Short-termLong-term

06/0406/04

0.0001,026.765

$0.0078,876.12

$0.0032,454.75

$0.0046,421.37

$0.000.00

$0.0046,421.37

Short-termLong-term

07/1407/14

0.000498.888

$0.0039,167.66

$0.0015,866.48

$0.0023,301.18

$0.000.00

$0.0023,301.18


VariousVarious

0.0001,525.653

$0.00118,043.78

$0.0048,321.23

$0.0069,722.55

$0.000.00

$0.0069,722.55



Allowable loss

Short-termLong-term

06/0406/04

0.0001.696

$0.00214.41

$0.0090.47

$0.00123.94

$0.000.00

$0.00123.94

Short-termLong-term

06/0406/04

0.00038.208

$0.004,829.15

$0.002,038.04

$0.002,791.11

$0.000.00

$0.002,791.11

Short-termLong-term

06/0406/04

0.000159.356

$0.0020,141.01

$0.008,500.15

$0.0011,640.86

$0.000.00

$0.0011,640.86

Short-termLong-term

06/0406/04

0.000231.166

$0.0029,217.08

$0.0012,330.54

$0.0016,886.54

$0.000.00

$0.0016,886.54

Short-termLong-term

06/0406/04

0.00041.388

$0.005,230.97

$0.002,207.66

$0.003,023.31

$0.000.00

$0.003,023.31




Page 14 of 14

20200801 215048R

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U.S. Growth Fund Admiral 0523-09934306648 continued


Allowable loss

Short-termLong-term

07/1407/14

0.000254.317

$0.0035,629.87

$0.0013,565.43

$0.0022,064.44

$0.000.00

$0.0022,064.44


VariousVarious

0.000726.131

$0.0095,262.49

$0.0038,732.29

$0.0056,530.20

$0.000.00

$0.0056,530.20



Allowable loss

Short-termLong-term

06/0406/04

0.000352.950

$0.0020,944.06

$0.0018,504.66

$0.002,439.40

$0.000.00

$0.002,439.40

Short-termLong-term

07/1407/14

0.000141.619

$0.008,380.99

$0.007,429.02

$0.00951.97

$0.000.00

$0.00951.97


VariousVarious

0.000494.569

$0.0029,325.05

$0.0025,933.68

$0.003,391.37

$0.000.00

$0.003,391.37




Page 1 of 12

NA

TIO

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ILD

FLO

WE

R F

UN

D44

01 M

AG

NO

LIA

AV

ES

AIN

T L

OU

IS M

O 6

3110

-340

6

20200801 215048R

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JM536

402A000000070420022

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Do

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nsa

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MO

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3566

-830

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Accounts Value on

05/31/2020Value on

07/31/2020

NATIONAL GARDEN CLUBS INCWILDFLOWER FUND


Asset mix

Value on07/31/2020


$4,734,620.83


CDDLRREG



Corporation accountNATIONAL GARDEN CLUBS INC WILDFLOWER FUND


20200801 215048R

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JM536

402A000000070420022

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Page 3 of 12

Activity summary


Advisory fees 0.00



Value on July 31, 2020 $4,734,620.83

















Page 4 of 12

20200801 215048R

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VTIAX Tot Intl Stock Ix Admiral 0569-09934283761 23.59 963,431.02 162,775.94 1,089,005.81 1,126,206.96





$4,443,576.68 $4,734,620.83




$0.00 -$20,366.60 $0.00



owned Value

Beginning balance on 5/31/2020 $91.81 1,502.454 $137,940.3006/04 Exchange to IT IG Adm -$20,366.60 94.39 -215.771 1,286.683





Page 5 of 12

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$20,548.67 $0.00 $836.76





owned Value

Beginning balance on 5/31/2020 $10.38 16,410.003 $170,335.8306/04 Exchange from US Gro Adm $182.07 10.39 17.524 16,427.52706/04 Exchange from Explore Ad 20,366.60 10.39 1,960.212 18,387.73906/30 Income dividend 414.11 10.52 39.364 18,427.10307/31 Income dividend 422.65 10.69 39.537 18,466.640




$15,301.19 $0.00 $886.99





owned Value





Page 6 of 12

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owned Value





$37,904.03 $0.00 $1,149.05





owned Value

Beginning balance on 5/31/2020 $10.85 22,899.267 $248,457.0506/04 Exchange from US Gro Adm $18,505.49 10.88 1,700.872 24,600.13906/04 Exchange from Wdsr II Ad 19,398.54 10.88 1,782.954 26,383.09306/30 Income dividend 571.12 10.94 52.205 26,435.29807/31 Income dividend 577.93 11.00 52.539 26,487.837





Page 7 of 12

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$0.00 -$10,424.26 $0.00



owned Value





$81,208.84 $0.00 $877.70





owned Value

Beginning balance on 5/31/2020 $22.95 20,355.062 $467,148.6706/04 Exchange from US Gro Adm $27,284.10 22.87 1,193.008 21,548.07006/04 Exchange from TIntSIAdm 53,924.74 22.87 2,357.881 23,905.95106/30 Income dividend .0183 437.48 23.04 18.988 23,924.93907/31 Income dividend .0184 440.22 23.26 18.926 23,943.865





Page 8 of 12

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$0.00 -$53,924.74 $5,432.15



owned Value

Beginning balance on 5/31/2020 $25.54 42,639.225 $1,089,005.8106/04 Exchange to TIntBIxAdm -$53,924.74 26.83 -2,009.867 40,629.35806/19 Income dividend .1337 5,432.15 26.52 204.832 40,834.190




$77,229.73 $0.00 $2,355.51





owned Value

Beginning balance on 5/31/2020 $11.55 48,623.780 $561,604.6606/04 Exchange from US Gro Adm $4,239.30 11.50 368.635 48,992.41506/04 Exchange from Ttl Ix Adm 72,990.43 11.50 6,346.994 55,339.40906/30 Income dividend 1,178.76 11.61 101.530 55,440.93907/31 Income dividend 1,176.75 11.77 99.979 55,540.918





Page 9 of 12

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$0.00 -$72,990.43 $3,602.47



owned Value

Beginning balance on 5/31/2020 $74.89 11,580.037 $867,228.9706/04 Exchange to Tl B Ix Ad -$72,990.43 76.82 -950.149 10,629.88806/24 Income dividend .3389 3,602.47 74.87 48.116 10,678.004




$0.00 -$55,087.89 $0.00



owned Value

Beginning balance on 5/31/2020 $125.12 2,667.397 $333,744.7106/04 Exchange to Tl B Ix Ad -$4,239.30 126.39 -33.541 2,633.85606/04 Exchange to ST IG Adm -18,505.49 126.39 -146.416 2,487.44006/04 Exchange to TIntBIxAdm -27,284.10 126.39 -215.872 2,271.56806/04 Exchange to LT IG Adm -4,876.93 126.39 -38.586 2,232.98206/04 Exchange to IT IG Adm -182.07 126.39 -1.441 2,231.541





Page 10 of 12

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$0.00 -$19,398.54 $2,208.87



owned Value






Page 11 of 12

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Vanguard funds



Allowable loss

Short-termLong-term

06/0406/04

0.000215.771

$0.0020,366.60

$0.0015,284.77

$0.005,081.83

$0.000.00

$0.005,081.83



Allowable loss

Short-termLong-term

06/0406/04

0.000355.534

$0.0010,424.26

$0.007,919.22

$0.002,505.04

$0.000.00

$0.002,505.04



Allowable loss

Short-termLong-term

06/0406/04

0.0002,009.867

$0.0053,924.74

$0.0047,390.62

$0.006,534.12

$0.000.00

$0.006,534.12




Page 12 of 12

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Allowable loss

Short-termLong-term

06/0406/04

0.000950.149

$0.0072,990.43

$0.0029,964.36

$0.0043,026.07

$0.000.00

$0.0043,026.07



Allowable loss

Short-termLong-term

06/0406/04

0.0001.441

$0.00182.07

$0.0076.87

$0.00105.20

$0.000.00

$0.00105.20

Short-termLong-term

06/0406/04

0.000146.416

$0.0018,505.49

$0.007,810.85

$0.0010,694.64

$0.000.00

$0.0010,694.64

Short-termLong-term

06/0406/04

0.00038.586

$0.004,876.93

$0.002,058.45

$0.002,818.48

$0.000.00

$0.002,818.48

Short-termLong-term

06/0406/04

0.000215.872

$0.0027,284.10

$0.0011,516.11

$0.0015,767.99

$0.000.00

$0.0015,767.99

Short-termLong-term

06/0406/04

0.00033.541

$0.004,239.30

$0.001,789.31

$0.002,449.99

$0.000.00

$0.002,449.99


06/0406/04

0.000435.856

$0.0055,087.89

$0.0023,251.59

$0.0031,836.30

$0.000.00

$0.0031,836.30



Allowable loss

Short-termLong-term

06/0406/04

0.000326.905

$0.0019,398.54

$0.0017,278.21

$0.002,120.33

$0.000.00

$0.002,120.33

Monthly Performance Report

Period Ending July 31, 2020

NATIONAL GARDEN CLUBS INCWILDFLOWER FUND

PREPARED FOR

For institutional use only. Not for distribution to retail investors.

Market Value($)

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC WILDFLOWER FUND 4,734,621 3.87 10.54 2.91 8.96 7.18 6.97 8.30 6.93 Dec-03NATIONAL GARDEN CLUBS INC WILDFLOWER FUND (Net) 3.87 10.54 2.82 8.77 7.01 6.80 8.12 6.72

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 6.92 Dec-03XXXXX

- Composite Benchmark = 12% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Hedged / 28% Spliced Bloomberg Barclays US Aggregate Float Adjusted Index / 24% Spliced TotalInternational Stock Index / 36% Spliced Total Stock Market Index

Current % Policy Difference*_

US Equity $1,734,952 36.6% 36.0% 0.6%Non-US Equity $1,126,207 23.8% 24.0% -0.2%US Fixed Income $1,316,528 27.8% 28.0% -0.2%Non-US Fixed Income $556,934 11.8% 12.0% -0.2%Total $4,734,621 100.0% 100.0%

XXXXX

*Difference between Policy and Current Allocation

Returns greater than one year represent annualized returns. Returns less than one year represent cumulative returns.

Gross of Advisory Fee returns reflect the deduction of fund expense ratios and any other security-level expenses.

1

Total Portfolio Performance & Asset AllocationPerformance Summary ending July 31, 2020

Current Allocation as of July 31, 2020

Current $ Current % Policy Difference*

Net of Fee returns reflect the deduction of fund expense ratios, any purchase or redemption fees, and VIAS advisory fee applied to the client portfolio.

NATIONAL GARDEN CLUBS INC WILDFLOWER FUND


Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC WILDFLOWER FUND 4,734,621 100.00 3.87 10.54 2.91 8.96 7.18 6.97 8.30 6.93 Dec-03NATIONAL GARDEN CLUBS INC WILDFLOWER FUND (Net) 3.87 10.54 2.82 8.77 7.01 6.80 8.12 6.72

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 6.92 Dec-03

Total Equity 2,861,159 60.43 5.34 15.26 -0.10 8.50 7.85 7.98 10.71 7.69 Dec-03

Equity Domestic 1,734,952 36.64 6.18 16.20 4.52 13.04 12.25 10.99 13.87 9.32 May-04Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 9.26 May-04

Equity International 1,126,207 23.79 4.08 13.79 -6.95 1.75 1.29 3.42 -- 3.10 Feb-11Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 3.16 Feb-11

Total Fixed Income 1,873,462 39.57 1.70 3.38 6.88 8.75 5.75 4.65 4.17 4.61 Dec-03

Fixed Income Domestic 1,316,528 27.81 1.99 4.11 8.39 10.96 5.96 4.76 4.16 4.48 Jun-04Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.65 Jun-04

Fixed Income International 556,934 11.76 1.03 1.68 3.40 3.71 5.23 4.36 -- 4.58 Sep-13Bloomberg Barclays Global Aggregate ex-USD FloatAdjusted RIC Capped Hedged 0.95 1.73 3.50 3.92 5.46 4.58 -- 4.82 Sep-13

XXXXX

Performance Summary (Gross of Advisory Fees) ending July 31, 2020


Returns greater than one year represent annualized returns. Returns less than one year represent cumulative returns.Net of Fee returns reflect the deduction of fund expense ratios, any purchase or redemption fees, and VIAS advisory fee applied to the client portfolio.

2



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC WILDFLOWER FUND 4,734,621 100.00 3.87 10.54 2.91 8.96 7.18 6.97 8.30 6.93 Dec-03Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 6.92 Dec-03

Total Equity 2,861,159 60.43 5.34 15.26 -0.10 8.50 7.85 7.98 10.71 7.69 Dec-03


Vanguard® Total Stock Market Indx Fund Admiral™Shares 860,327 18.17 5.65 13.88 2.06 10.87 11.38 10.87 13.58 9.25 May-04

Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 9.26 May-04Multi-Cap Core Funds Average 5.41 13.35 -0.71 6.64 8.09 7.79 10.88 7.36 May-04

Vanguard® U.S. Growth Fund Admiral™ Shares 323,060 6.82 8.78 26.09 29.95 39.49 24.25 17.64 18.15 11.76 Jun-05Russell 1000 Growth 7.69 19.93 18.26 29.84 20.91 16.84 17.29 11.80 Jun-05Large-Cap Growth Funds Average 6.91 19.41 17.70 26.81 19.22 14.84 15.47 10.22 Jun-05

Vanguard® Windsor™ II Fund Admiral™ Shares 296,394 6.26 5.25 11.56 -5.18 3.79 6.58 7.14 11.02 7.14 Jun-05Russell 1000 Value 3.95 6.80 -12.95 -6.01 2.70 5.36 10.12 6.48 Jun-05Large-Cap Value Funds Average 3.57 7.90 -12.15 -5.08 3.02 4.97 9.30 5.86 Jun-05

Vanguard® Explorer™ Fund Admiral™ Shares 128,643 2.72 5.70 20.28 2.85 8.65 13.08 10.59 13.78 9.14 Dec-05Russell 2500 Growth 5.47 20.78 7.60 13.42 13.61 10.48 14.32 10.11 Dec-05Small-Cap Growth Funds Average 5.61 20.90 6.50 9.63 13.00 9.75 12.96 8.48 Dec-05

Vanguard® Strategic Equity Fund 126,528 2.67 6.04 15.15 -9.75 -4.08 2.64 4.94 11.81 7.98 May-04Spliced Small and Mid-Cap Index 5.44 16.25 -4.83 0.74 6.54 7.39 12.01 9.32 May-04Mid-Cap Core Funds Average 4.46 11.69 -10.18 -4.34 3.08 4.64 9.55 7.36 May-04


Vanguard® Total International Stock Index Fund Adm™Shares 1,126,207 23.79 4.08 13.79 -6.95 1.75 1.29 3.41 4.66 3.10 Feb-11

Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 3.16 Feb-11International Funds Average 3.92 13.67 -5.84 2.92 1.44 2.92 4.98 3.35 Feb-11


3



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_


Fixed Income Domestic 1,316,528 27.81 1.99 4.11 8.39 10.96 5.96 4.76 4.16 4.48 Jun-04Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.65 Jun-04

Vanguard® Total Bond Market Index Fund Admiral™Shares 653,717 13.81 1.56 2.84 8.01 10.40 5.75 4.48 3.84 4.41 May-09

Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.50 May-09

Spliced Intermediate-Term Investment-Grade DebtFunds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 4.79 May-09

Vanguard® Short-Term Investment-Grade Fund Adm™Shares 291,366 6.15 0.75 3.15 4.04 5.58 3.65 3.14 2.75 3.46 Jun-04

BBgBarc US Credit 1-5 Yr TR 0.72 2.90 4.10 6.11 3.93 3.29 3.01 3.80 Jun-041-5 Year Investment-Grade Debt Funds Average 0.70 2.86 2.65 3.93 2.77 2.30 2.04 2.46 Jun-04

Vanguard® Inter-Term Investment-Grade Fund Adm ™Shares 197,408 4.17 1.83 5.60 8.75 11.34 6.30 5.39 5.06 5.48 Jun-04

BBgBarc US Credit 5-10 Yr TR 2.22 6.67 7.54 11.04 6.76 5.97 5.63 5.94 Jun-04Spliced Core Bond Funds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 4.14 Jun-04

Vanguard® Long-Term Investment-Grade Admiral Shares 174,036 3.68 6.02 9.10 17.23 22.61 11.62 10.01 8.69 23.39 May-19BBgBarc US Credit Long A+ TR 6.01 8.82 15.56 21.02 11.01 9.58 8.26 22.27 May-19Corporate A-Rated Debt Funds Average 2.87 5.93 8.85 11.74 6.50 5.38 4.69 11.94 May-19


Vanguard® Total International Bond Index Fund Adm™Shares 556,934 11.76 1.03 1.68 3.40 3.71 5.23 4.36 -- 4.58 Sep-13

Bloomberg Barclays Global Aggregate ex-USD FloatAdjusted RIC Capped Hedged 0.95 1.73 3.50 3.92 5.46 4.58 -- 4.82 Sep-13

International Income Funds Average 2.85 5.88 1.72 2.29 2.39 3.06 2.25 1.85 Sep-13XXXXX


4



Total Portfolio Performance


Gross of Advisory Fee returns reflect the deduction of fund expense ratios and any other security-level expenses.Net of Fee returns reflect the deduction of fund expense ratios, any purchase or redemption fees, and VIAS advisory fee applied to the client portfolio.

5



Month Ending July 31, 2020

BeginningMarket Value Net Cash Flow Capital

Appreciation Income EndingMarket Value

Vanguard® Explorer™ Fund Admiral™ Shares $121,707 $0 $6,935 $0 $128,643

Vanguard® Inter-Term Investment-Grade Fund Adm ™ Shares $193,853 $0 $3,133 $423 $197,408

Vanguard® Long-Term Investment-Grade Admiral Shares $164,147 $0 $9,435 $454 $174,036

Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $289,202 $0 $1,586 $578 $291,366

Vanguard® Strategic Equity Fund $119,317 $0 $7,211 $0 $126,528

Vanguard® Total Bond Market Index Fund Admiral™ Shares $643,669 $0 $8,871 $1,177 $653,717

Vanguard® Total International Bond Index Fund Adm™ Shares $551,231 $0 $5,263 $440 $556,934

Vanguard® Total International Stock Index Fund Adm™ Shares $1,082,106 $0 $44,101 $0 $1,126,207

Vanguard® Total Stock Market Indx Fund Admiral™ Shares $814,305 $0 $46,022 $0 $860,327

Vanguard® U.S. Growth Fund Admiral™ Shares $296,996 $0 $26,064 $0 $323,060

Vanguard® Windsor™ II Fund Admiral™ Shares $281,614 $0 $14,781 $0 $296,394

Total $4,558,147 $0 $173,403 $3,071 $4,734,621

6

Cash Flow Summary


Last Month Last ThreeMonths Year-To-Date One Year

_

Beginning Market Value $4,558,147 $4,276,769 $4,583,604 $4,332,941Net Cash Flow $0 $0 -$3,808 -$7,695Capital Appreciation $173,403 $437,696 $116,690 $310,178Income $3,071 $20,156 $38,134 $99,197Ending Market Value $4,734,621 $4,734,621 $4,734,621 $4,734,621

_


Name Market Value % of Portfolio Expense Ratio

Total Equity $2,861,159 60.4%

Equity Domestic $1,734,952 36.6%

Vanguard® Total Stock Market Indx Fund Admiral™ Shares $860,327 18.2% 0.040%

Vanguard® Windsor™ II Fund Admiral™ Shares $296,394 6.3% 0.260%

Vanguard® Explorer™ Fund Admiral™ Shares $128,643 2.7% 0.340%

Vanguard® U.S. Growth Fund Admiral™ Shares $323,060 6.8% 0.280%

Vanguard® Strategic Equity Fund $126,528 2.7% 0.170%

Equity International $1,126,207 23.8%

Vanguard® Total International Stock Index Fund Adm™ Shares $1,126,207 23.8% 0.110%

Total Fixed Income $1,873,462 39.6%

Fixed Income Domestic $1,316,528 27.8%

Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $291,366 6.2% 0.100%

Vanguard® Total Bond Market Index Fund Admiral™ Shares $653,717 13.8% 0.050%

Vanguard® Inter-Term Investment-Grade Fund Adm ™ Shares $197,408 4.2% 0.100%

Vanguard® Long-Term Investment-Grade Admiral Shares $174,036 3.7% 0.120%

Fixed Income International $556,934 11.8%

Vanguard® Total International Bond Index Fund Adm™ Shares $556,934 11.8% 0.110%

Total $4,734,621 100.0% 0.117%XXXXX

Investment Expense Analysis as of July 31, 2020

7



Name Jul-20 Last 3 Months YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs_

US EquityCRSP US Total Market TR USD 5.6 13.9 2.1 10.9 11.4 10.9 13.6S&P 500 5.6 12.9 2.4 12.0 12.0 11.5 13.8S&P 400 MidCap 4.6 13.7 -8.8 -3.5 3.6 6.1 11.1S&P 600 SmallCap 4.1 12.7 -14.5 -8.7 1.6 5.5 11.0

International EquityMSCI Emerging Markets 8.9 17.8 -1.7 6.5 2.8 6.1 3.3MSCI Emerging Markets NR LCL 8.1 16.0 2.2 10.7 5.5 7.7 6.2MSCI EAFE 2.3 10.4 -9.3 -1.7 0.6 2.1 5.0MSCI EAFE NR LCL -1.8 4.9 -12.1 -6.6 0.4 1.6 6.2MSCI ACWI ex USA 4.5 12.8 -7.0 0.7 1.4 3.2 4.5

Fixed Income DomesticBBgBarc US Aggregate TR 1.5 2.6 7.7 10.1 5.7 4.5 3.9BBgBarc US Corporate 1-5 Years TR 0.8 3.4 4.1 6.2 4.0 3.5 3.2BBgBarc US Credit/Corp 5-10 Yr TR 2.3 6.9 7.7 11.3 6.9 6.2 5.8BBgBarc US Corporate Long TR 6.2 10.1 12.9 19.4 10.7 9.7 8.2BBgBarc US Govt/Credit Long TR 5.3 7.0 18.8 24.3 12.1 9.6 8.3BBgBarc US Treasury Strips 20-30 Yr Equal Parity TR 6.2 3.3 36.2 42.7 18.6 12.6 11.5BBgBarc US High Yield TR 4.7 10.4 0.7 4.1 4.5 5.9 6.8BBgBarc US Govt TR 1.1 1.0 9.8 11.7 5.9 4.1 3.4BBgBarc US Credit TR 3.1 6.7 8.0 11.9 7.0 6.1 5.4BBgBarc US Treasury 1-5 Yr TR 0.2 0.4 4.4 5.7 3.2 2.3 1.8BBgBarc US Treasury 5-10 Yr TR 0.7 1.1 10.4 12.0 6.1 4.5 4.1BBgBarc US Treasury Long TR 4.2 2.4 26.3 30.5 13.8 9.4 8.2BBgBarc US Treasury TIPS 0-5 Yr TR 0.7 2.2 2.7 4.2 2.8 2.2 1.7BBgBarc US TIPS TR 2.3 3.8 8.4 10.4 5.7 4.2 3.7

Fixed Income InternationalBBgBarc Global Aggregate ex US Tres Hedged TR 0.7 1.1 3.0 3.5 5.1 4.4 4.2BBgBarc Emerging Markets TR 3.1 10.6 2.7 5.1 4.9 5.8 5.9

REITMSCI US REIT Gross 4.1 7.4 -15.1 -10.4 1.0 3.8 8.5

XXXXX

Market Performance as of July 31, 2020

8



_


6/1/2015 Present 12% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Hedged / 28% Spliced Bloomberg Barclays US Aggregate Float AdjustedIndex / 24% Spliced Total International Stock Index / 36% Spliced Total Stock Market Index

10/1/2013 5/31/2015 8% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Hedged / 32% Spliced Bloomberg Barclays US Aggregate Float AdjustedIndex / 18% Spliced Total International Stock Index / 42% Spliced Total Stock Market Index

6/1/2011 9/30/2013 40% Spliced Bloomberg Barclays US Aggregate Float Adjusted Index / 18% Spliced Total International Stock Index / 42% Spliced Total Stock MarketIndex



Total Equity

N/A

Equity Domestic

7/1/2013 Present 100% CRSP US Total Market TR USD

5/1/2005 6/30/2013 100% MSCI US Broad Market

5/31/2004 4/30/2005 100% Dow Jones Wilshire 5000 Index

Vanguard® Total Stock Market Indx Fund Admiral™ Shares




Vanguard® Windsor™ II Fund Admiral™ Shares

6/30/2005 Present Russell 1000 Value

Vanguard® Explorer™ Fund Admiral™ Shares

12/31/2005 Present Russell 2500 Growth

Vanguard® U.S. Growth Fund Admiral™ Shares


Vanguard® Strategic Equity Fund

5/31/2004 Present 100% MSCI US Small + Mid-Cap 2200 Index

Benchmark History as of July 31, 2020

9



_

Equity International

6/3/2013 Present 100% FTSE Global All-Cap ex-US Index

2/28/2011 6/2/2013 100% MSCI ACWI ex-USA IMI Index Net

Vanguard® Total International Stock Index Fund Adm™ Shares



Total Fixed Income

N/A

Fixed Income Domestic

1/1/2010 Present 100% BBgBarc US Aggregate Float Adjusted TR

6/30/2004 12/31/2009 100% BBgBarc US Aggregate TR

Vanguard® Short-Term Investment-Grade Fund Adm™ Shares

6/30/2004 Present BBgBarc US Credit 1-5 Yr TR

Vanguard® Total Bond Market Index Fund Admiral™ Shares



Vanguard® Inter-Term Investment-Grade Fund Adm ™ Shares


Vanguard® Long-Term Investment-Grade Admiral Shares

5/31/2019 Present BBgBarc US Credit Long A+ TR

Fixed Income International

9/30/2013 Present Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Hedged

Vanguard® Total International Bond Index Fund Adm™ Shares

9/30/2013 Present Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped HedgedXXXXX


10



Legal

For more information about Vanguard funds or non-Vanguard funds offered through Vanguard Brokerage Services, visit vanguard.com or call your Investment Consultant or Relationship Manager to obtain aprospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.Total Portfolio Net of Fees returns reflect the deduction of fund expense ratios, purchase or redemption fees, and any advisory service fee applied to the client portfolio.

Total Portfolio returns represent client-specific time-weighted returns (TWR) are presented gross of any applicable service fees with the exception of mutual fund expense ratios and other security-level expenses.

Internal rates of return (IRR) are net of any applicable service fees, include account-specific cash flows, and are not directly comparable to a benchmark, since benchmarks do not include cash flows.

Client performance inception date is generally the first month-end after initial funding. Mutual funds and all investments are subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit orprotect against a loss.

Performance figures assume the reinvestment of dividends and capital gains distributions. The fund performance percentages are based on fund total return data, adjusted for expenses, obtained from Lipper, a Thomson ReutersCompany. The total return data was not adjusted for fees and loads.

Benchmark comparative indexes represent unmanaged or average returns on various financial assets, which can be compared with funds' total returns for the purpose of measuring relative performance.

The index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Vanguard. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DowJones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); S&P® and S&P 500® are trademarks of S&P; and these trademarks have been licensed for use by SPDJI and sublicensed for certainpurposes by Vanguard. Vanguard product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability ofinvesting in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. For any such funds or securities, the prospectus or theStatement of Additional Information contains a more detailed description of the limited relationship MSCI has with The Vanguard Group and any related funds.

The Russell Indexes and Russell® are registered trademarks of Russell Investments and have been licensed for use by The Vanguard Group. The products are not sponsored, endorsed, sold or promoted by Russell Investmentsand Russell Investments makes no representation regarding the advisability of investing in the products.

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The products are not sponsored, endorsed, issued, sold or promoted by "Bloomberg or Barclays". Bloomberg and Barclays make no representation or warranty, express or implied, to the owners or purchasers of the products or anymember of the public regarding the advisability of investing in securities generally or in the products particularly or the ability of the Bloomberg Barclays Indices to track general bond market performance. Neither Bloomberg norBarclays has passed on the legality or suitability of the products with respect to any person or entity. Bloomberg's only relationship to Vanguard and the products are the licensing of the Bloomberg Barclays Indices which aredetermined, composed and calculated by BISL without regard to Vanguard or the products or any owners or purchasers of the products. Bloomberg has no obligation to take the needs of the products into consideration indetermining, composing or calculating the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays is responsible for and has not participated in the determination of the timing of, prices at, or quantities of the products to beissued. Neither Bloomberg nor Barclays has any obligation or liability in connection with the administration, marketing or trading of the products.

The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or lessthan their original cost. Current performance may be lower or higher than the performance data cited. The performance of an index is not an exact representation of any particular investment, as you cannot investdirectly in an index. For performance data current to the most recent quarter-end, visit our website at www.vanguard.com/performance.

© 2020 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor of the Vanguard Funds. Advice offered through Vanguard Institutional Advisory Services (VIAS) are provided by Vanguard Advisors,Inc., a registered investment advisor.



NATIONAL GARDEN CLUBS INCPERMANENT HOME & ENDOWMENTFUND

PREPARED FOR


Market Value($)

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC PERMANENT HOME &ENDOWMENT FUND 7,520,078 3.87 10.54 2.88 8.94 7.17 6.96 8.36 6.90 Dec-03

NATIONAL GARDEN CLUBS INC PERMANENT HOME &ENDOWMENT FUND (Net) 3.87 10.54 2.79 8.75 7.00 6.79 8.17 6.70





XXXXX




1





NATIONAL GARDEN CLUBS INC PERMANENT HOME & ENDOWMENT FUND


Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC PERMANENT HOME &ENDOWMENT FUND 7,520,078 100.00 3.87 10.54 2.88 8.94 7.17 6.96 8.36 6.90 Dec-03

NATIONAL GARDEN CLUBS INC PERMANENT HOME &ENDOWMENT FUND (Net) 3.87 10.54 2.79 8.75 7.00 6.79 8.17 6.70


Total Equity 4,544,432 60.43 5.34 15.26 -0.14 8.46 7.82 7.96 10.74 7.72 Dec-03




Fixed Income Domestic 2,091,059 27.81 1.99 4.11 8.38 10.96 5.96 4.76 4.14 4.46 May-04Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.66 May-04


XXXXX




2



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC PERMANENT HOME &ENDOWMENT FUND 7,520,078 100.00 3.87 10.54 2.88 8.94 7.17 6.96 8.36 6.90 Dec-03


Total Equity 4,544,432 60.43 5.34 15.26 -0.14 8.46 7.82 7.96 10.74 7.72 Dec-03


Vanguard® Total Stock Market Indx Fund Admiral™Shares 1,366,476 18.17 5.65 13.88 2.06 10.87 11.38 10.87 13.58 9.25 May-04


Vanguard® U.S. Growth Fund Admiral™ Shares 513,132 6.82 8.78 26.09 29.95 39.49 24.25 17.64 18.15 11.24 May-04Russell 1000 Growth 7.69 19.93 18.26 29.84 20.91 16.84 17.29 11.17 May-04Large-Cap Growth Funds Average 6.91 19.41 17.70 26.81 19.22 14.84 15.47 9.79 May-04

Vanguard® Windsor™ II Fund Admiral™ Shares 470,767 6.26 5.25 11.56 -5.18 3.79 6.58 7.14 11.02 7.69 May-04Russell 1000 Value 3.95 6.80 -12.95 -6.01 2.70 5.36 10.12 7.05 May-04Large-Cap Value Funds Average 3.57 7.90 -12.15 -5.08 3.02 4.97 9.30 6.14 May-04

Vanguard® Explorer™ Fund Admiral™ Shares 204,327 2.72 5.70 20.28 2.85 8.65 13.08 10.59 13.78 9.44 Jun-05Russell 2500 Growth 5.47 20.78 7.60 13.42 13.61 10.48 14.32 10.40 Jun-05Small-Cap Growth Funds Average 5.61 20.90 6.50 9.63 13.00 9.75 12.96 8.71 Jun-05






3



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_


Fixed Income Domestic 2,091,059 27.81 1.99 4.11 8.38 10.96 5.96 4.76 4.14 4.46 May-04Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.66 May-04

Vanguard® Total Bond Market Index Fund Admiral™Shares 1,038,307 13.81 1.56 2.84 8.01 10.40 5.75 4.48 3.84 4.41 May-09



Vanguard® Short-Term Investment-Grade Fund Adm™Shares 462,781 6.15 0.75 3.15 4.04 5.58 3.65 3.14 2.75 3.45 May-04

BBgBarc US Credit 1-5 Yr TR 0.72 2.90 4.10 6.11 3.93 3.29 3.01 3.79 May-041-5 Year Investment-Grade Debt Funds Average 0.70 2.86 2.65 3.93 2.77 2.30 2.04 2.46 May-04

Vanguard® Inter-Term Investment-Grade Fund Adm ™Shares 313,547 4.17 1.83 5.60 8.75 11.34 6.30 5.39 5.06 5.49 May-04

BBgBarc US Credit 5-10 Yr TR 2.22 6.67 7.54 11.04 6.76 5.97 5.63 5.95 May-04Spliced Core Bond Funds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 4.15 May-04







4






5









Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $459,344 $0 $2,519 $918 $462,781


Vanguard® Total Bond Market Index Fund Admiral™ Shares $1,022,349 $0 $14,089 $1,869 $1,038,307


Vanguard® Total International Stock Index Fund Adm™ Shares $1,718,719 $0 $70,046 $0 $1,788,765

Vanguard® Total Stock Market Indx Fund Admiral™ Shares $1,293,378 $0 $73,098 $0 $1,366,476



Total $7,239,782 $0 $275,419 $4,878 $7,520,078

6

Cash Flow Summary



_

Beginning Market Value $7,239,782 $6,792,873 $7,283,468 $6,884,815Net Cash Flow $0 $0 -$6,049 -$12,228Capital Appreciation $275,419 $695,191 $182,079 $489,481Income $4,878 $32,015 $60,581 $158,010Ending Market Value $7,520,078 $7,520,078 $7,520,078 $7,520,078

_



Total Equity $4,544,432 60.4%




Vanguard® Total Stock Market Indx Fund Admiral™ Shares $1,366,476 18.2% 0.040%









Vanguard® Total Bond Market Index Fund Admiral™ Shares $1,038,307 13.8% 0.050%




Total $7,520,078 100.0% 0.117%XXXXX


7









XXXXX


8



_







Total Equity

N/A

Equity Domestic

















9



_







Total Fixed Income

N/A


















10



Legal

















NATIONAL GARDEN CLUBS INCSCHOLARSHIP FUND

PREPARED FOR


Market Value($)

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND 4,874,631 3.86 10.53 2.89 8.94 7.17 6.96 8.29 6.96 Dec-03NATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND (Net) 3.86 10.53 2.80 8.76 7.00 6.78 8.11 6.77





XXXXX




1





NATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND


Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND 4,874,631 100.00 3.86 10.53 2.89 8.94 7.17 6.96 8.29 6.96 Dec-03NATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND(Net) 3.86 10.53 2.80 8.76 7.00 6.78 8.11 6.77


Total Equity 2,948,874 60.49 5.33 15.25 -0.12 8.48 7.84 7.97 10.75 7.72 Dec-03

Equity Domestic 1,793,254 36.79 6.16 16.18 4.49 13.01 12.24 10.98 13.86 9.18 Dec-03Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 9.14 Dec-03

Equity International 1,155,620 23.71 4.08 13.79 -6.95 1.75 1.29 3.42 4.67 5.43 May-04Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 5.48 May-04


Fixed Income Domestic 1,349,382 27.68 1.97 4.09 8.37 10.94 5.95 4.76 4.13 4.59 Dec-03Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.51 Dec-03


XXXXX




2



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC SCHOLARSHIP FUND 4,874,631 100.00 3.86 10.53 2.89 8.94 7.17 6.96 8.29 6.96 Dec-03Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 6.92 Dec-03

Total Equity 2,948,874 60.49 5.33 15.25 -0.12 8.48 7.84 7.97 10.75 7.72 Dec-03

Equity Domestic 1,793,254 36.79 6.16 16.18 4.49 13.01 12.24 10.98 13.86 9.18 Dec-03Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 9.14 Dec-03

Vanguard® Total Stock Market Indx Fund Admiral™Shares 892,608 18.31 5.65 13.88 2.06 10.87 11.38 10.87 13.58 9.25 May-04


Vanguard® U.S. Growth Fund Admiral™ Shares 313,459 6.43 8.78 26.09 29.95 39.49 24.25 17.64 18.15 11.63 Jan-05Russell 1000 Growth 7.69 19.93 18.26 29.84 20.91 16.84 17.29 11.59 Jan-05Large-Cap Growth Funds Average 6.91 19.41 17.70 26.81 19.22 14.84 15.47 10.05 Jan-05

Vanguard® Windsor™ II Fund Admiral™ Shares 312,758 6.42 5.25 11.56 -5.18 3.79 6.58 7.14 11.02 7.24 Jan-05Russell 1000 Value 3.95 6.80 -12.95 -6.01 2.70 5.36 10.12 6.54 Jan-05Large-Cap Value Funds Average 3.57 7.90 -12.15 -5.08 3.02 4.97 9.30 5.85 Jan-05

Vanguard® Explorer™ Fund Admiral™ Shares 137,242 2.82 5.70 20.28 2.85 8.65 13.08 10.59 13.78 9.44 Jun-05Russell 2500 Growth 5.47 20.78 7.60 13.42 13.61 10.48 14.32 10.40 Jun-05Small-Cap Growth Funds Average 5.61 20.90 6.50 9.63 13.00 9.75 12.96 8.71 Jun-05


Equity International 1,155,620 23.71 4.08 13.79 -6.95 1.75 1.29 3.42 4.67 5.43 May-04Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 5.48 May-04




3



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_


Fixed Income Domestic 1,349,382 27.68 1.97 4.09 8.37 10.94 5.95 4.76 4.13 4.59 Dec-03Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.51 Dec-03

Vanguard® Total Bond Market Index Fund Admiral™Shares 673,632 13.82 1.56 2.84 8.01 10.40 5.75 4.48 3.84 4.41 May-09



Vanguard® Short-Term Investment-Grade Fund Adm™Shares 301,711 6.19 0.75 3.15 4.04 5.58 3.65 3.14 2.75 3.45 May-04

BBgBarc US Credit 1-5 Yr TR 0.72 2.90 4.10 6.11 3.93 3.29 3.01 3.79 May-041-5 Year Investment-Grade Debt Funds Average 0.70 2.86 2.65 3.93 2.77 2.30 2.04 2.46 May-04

Vanguard® Inter-Term Investment-Grade Fund Adm ™Shares 202,528 4.15 1.83 5.60 8.75 11.34 6.30 5.39 5.06 5.49 May-04

BBgBarc US Credit 5-10 Yr TR 2.22 6.67 7.54 11.04 6.76 5.97 5.63 5.95 May-04Spliced Core Bond Funds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 4.15 May-04







4






5






Vanguard® Explorer™ Fund Admiral™ Shares $131,960 -$2,134 $7,415 $0 $137,242

Vanguard® Inter-Term Investment-Grade Fund Adm ™ Shares $210,184 -$11,379 $3,278 $445 $202,528

Vanguard® Long-Term Investment-Grade Admiral Shares $177,975 -$16,722 $9,791 $467 $171,512

Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $313,565 -$14,133 $1,668 $611 $301,711


Vanguard® Total Bond Market Index Fund Admiral™ Shares $697,893 -$34,822 $9,319 $1,242 $673,632

Vanguard® Total International Bond Index Fund Adm™ Shares $597,667 -$27,267 $5,518 $456 $576,374

Vanguard® Total International Stock Index Fund Adm™ Shares $1,173,264 -$65,364 $47,721 $0 $1,155,620

Vanguard® Total Stock Market Indx Fund Admiral™ Shares $882,904 -$39,168 $48,871 $0 $892,608

Vanguard® U.S. Growth Fund Admiral™ Shares $322,017 -$35,630 $27,073 $0 $313,459

Vanguard® Windsor™ II Fund Admiral™ Shares $305,337 -$8,381 $15,802 $0 $312,758

Total $4,942,134 -$255,000 $184,276 $3,220 $4,874,631

6

Cash Flow Summary



_

Beginning Market Value $4,942,134 $4,637,053 $4,970,133 $4,698,326Net Cash Flow -$255,000 -$255,000 -$259,129 -$263,344Capital Appreciation $184,276 $470,833 $122,386 $332,143Income $3,220 $21,744 $41,241 $107,507Ending Market Value $4,874,631 $4,874,631 $4,874,631 $4,874,631

_



Total Equity $2,948,874 60.5%

















Total $4,874,631 100.0% 0.117%XXXXX


7









XXXXX


8



_







Total Equity

N/A

Equity Domestic

















9



_




9/1/2006 12/15/2010 100% MSCI EAFE + Emerging Markets Gross

5/31/2004 8/31/2006 100% Total International Composite Index




Total Fixed Income

N/A


















10



Legal

















NATIONAL GARDEN CLUBS INCENDOWMENT FUND

PREPARED FOR


Market Value($)

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC ENDOWMENT FUND 400,612 3.87 10.54 2.87 8.94 7.16 6.94 8.28 7.06 Apr-04NATIONAL GARDEN CLUBS INC ENDOWMENT FUND (Net) 3.87 10.54 2.79 8.75 6.98 6.77 8.09 6.86

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 7.05 Apr-04XXXXX



US Equity $146,801 36.6% 36.0% 0.6%Non-US Equity $95,292 23.8% 24.0% -0.2%US Fixed Income $111,396 27.8% 28.0% -0.2%Non-US Fixed Income $47,124 11.8% 12.0% -0.2%Total $400,612 100.0% 100.0%

XXXXX




1





NATIONAL GARDEN CLUBS INC ENDOWMENT FUND


Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC ENDOWMENT FUND 400,612 100.00 3.87 10.54 2.87 8.94 7.16 6.94 8.28 7.06 Apr-04NATIONAL GARDEN CLUBS INC ENDOWMENT FUND (Net) 3.87 10.54 2.79 8.75 6.98 6.77 8.09 6.86

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 7.05 Apr-04

Total Equity 242,092 60.43 5.34 15.26 -0.15 8.46 7.83 7.96 10.71 7.74 May-04

Equity Domestic 146,801 36.64 6.18 16.20 4.50 13.02 12.25 10.99 13.84 9.24 May-04Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 9.26 May-04

Equity International 95,292 23.79 4.08 13.79 -6.95 1.75 1.29 3.42 4.67 5.43 May-04Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 5.48 May-04

Total Fixed Income 158,520 39.57 1.70 3.38 6.88 8.75 5.75 4.65 4.16 4.69 May-04

Fixed Income Domestic 111,396 27.81 1.99 4.11 8.38 10.96 5.96 4.76 4.15 4.68 May-04Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.66 May-04


XXXXX




2



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC ENDOWMENT FUND 400,612 100.00 3.87 10.54 2.87 8.94 7.16 6.94 8.28 7.06 Apr-04Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 8.16 7.05 Apr-04

Total Equity 242,092 60.43 5.34 15.26 -0.15 8.46 7.83 7.96 10.71 7.74 May-04

Equity Domestic 146,801 36.64 6.18 16.20 4.50 13.02 12.25 10.99 13.84 9.24 May-04Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 9.26 May-04

Vanguard® Total Stock Market Indx Fund Admiral™Shares 72,795 18.17 5.65 13.88 2.06 10.87 11.38 10.87 13.58 13.06 Nov-10

Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 13.08 Nov-10Multi-Cap Core Funds Average 5.41 13.35 -0.71 6.64 8.09 7.79 10.88 10.30 Nov-10

Vanguard® U.S. Growth Fund Admiral™ Shares 27,336 6.82 8.78 26.09 29.95 39.49 24.25 17.64 18.15 17.72 Dec-14Russell 1000 Growth 7.69 19.93 18.26 29.84 20.91 16.84 17.29 16.45 Dec-14Large-Cap Growth Funds Average 6.91 19.41 17.70 26.81 19.22 14.84 15.47 14.70 Dec-14

Vanguard® Windsor™ II Fund Admiral™ Shares 25,079 6.26 5.25 11.56 -5.18 3.79 6.58 7.14 11.02 6.74 Dec-14Russell 1000 Value 3.95 6.80 -12.95 -6.01 2.70 5.36 10.12 4.76 Dec-14Large-Cap Value Funds Average 3.57 7.90 -12.15 -5.08 3.02 4.97 9.30 4.62 Dec-14



Equity International 95,292 23.79 4.08 13.79 -6.95 1.75 1.29 3.42 4.67 5.43 May-04Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 5.48 May-04

Vanguard® Total International Stock Index Fund Adm™Shares 95,292 23.79 4.08 13.79 -6.95 1.75 1.29 3.41 4.66 3.10 Feb-11



3



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

Total Fixed Income 158,520 39.57 1.70 3.38 6.88 8.75 5.75 4.65 4.16 4.69 May-04

Fixed Income Domestic 111,396 27.81 1.99 4.11 8.38 10.96 5.96 4.76 4.15 4.68 May-04Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.66 May-04

Vanguard® Total Bond Market Index Fund Admiral™Shares 55,313 13.81 1.56 2.84 8.01 10.40 5.75 4.48 3.84 3.83 Nov-10

Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 3.93 Nov-10

Spliced Intermediate-Term Investment-Grade DebtFunds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 3.81 Nov-10

Vanguard® Short-Term Investment-Grade Fund Adm™Shares 24,653 6.15 0.75 3.15 4.04 5.58 3.65 3.14 2.75 3.02 Dec-14

BBgBarc US Credit 1-5 Yr TR 0.72 2.90 4.10 6.11 3.93 3.29 3.01 3.16 Dec-141-5 Year Investment-Grade Debt Funds Average 0.70 2.86 2.65 3.93 2.77 2.30 2.04 2.20 Dec-14

Vanguard® Inter-Term Investment-Grade Fund Adm ™Shares 16,703 4.17 1.83 5.60 8.75 11.34 6.30 5.39 5.06 5.06 Jun-11

BBgBarc US Credit 5-10 Yr TR 2.22 6.67 7.54 11.04 6.76 5.97 5.63 5.61 Jun-11Spliced Core Bond Funds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 3.83 Jun-11







4






5






Vanguard® Explorer™ Fund Admiral™ Shares $10,298 $0 $587 $0 $10,885

Vanguard® Inter-Term Investment-Grade Fund Adm ™ Shares $16,403 $0 $265 $36 $16,703

Vanguard® Long-Term Investment-Grade Admiral Shares $13,889 $0 $798 $38 $14,726

Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $24,470 $0 $134 $49 $24,653

Vanguard® Strategic Equity Fund $10,096 $0 $610 $0 $10,706

Vanguard® Total Bond Market Index Fund Admiral™ Shares $54,463 $0 $751 $100 $55,313

Vanguard® Total International Bond Index Fund Adm™ Shares $46,641 $0 $445 $37 $47,124

Vanguard® Total International Stock Index Fund Adm™ Shares $91,560 $0 $3,732 $0 $95,292




Total $385,680 $0 $14,672 $260 $400,612

6

Cash Flow Summary



_

Beginning Market Value $385,680 $361,872 $388,033 $366,790Net Cash Flow $0 $0 -$322 -$651Capital Appreciation $14,672 $37,034 $9,674 $26,052Income $260 $1,706 $3,227 $8,421Ending Market Value $400,612 $400,612 $400,612 $400,612

_



Total Equity $242,092 60.4%

Equity Domestic $146,801 36.6%






Equity International $95,292 23.8%

Vanguard® Total International Stock Index Fund Adm™ Shares $95,292 23.8% 0.110%

Total Fixed Income $158,520 39.6%

Fixed Income Domestic $111,396 27.8%







Total $400,612 100.0% 0.117%XXXXX


7









XXXXX


8



_







Total Equity

N/A

Equity Domestic

















9



_



9/1/2006 12/15/2010 100% MSCI EAFE + Emerging Markets Gross

5/31/2004 8/31/2006 100% Total International Composite Index




Total Fixed Income

N/A

















10



Legal

















NATIONAL GARDEN CLUBS INC DEENDAY SANDERS FUND

PREPARED FOR


Market Value($)

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC DEEN DAY SANDERS FUND 591,584 3.87 10.54 2.90 8.94 7.21 6.96 -- 6.85 Sep-14NATIONAL GARDEN CLUBS INC DEEN DAY SANDERS FUND(Net) 3.87 10.54 2.81 8.76 7.03 6.78 -- 6.67

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 -- 6.68 Sep-14XXXXX



US Equity $216,824 36.7% 36.0% 0.7%Non-US Equity $140,548 23.8% 24.0% -0.2%US Fixed Income $164,468 27.8% 28.0% -0.2%Non-US Fixed Income $69,744 11.8% 12.0% -0.2%Total $591,584 100.0% 100.0%

XXXXX




1





NATIONAL GARDEN CLUBS INC DEEN DAY SANDERS FUND


Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC DEEN DAY SANDERSFUND 591,584 100.00 3.87 10.54 2.90 8.94 7.21 6.96 -- 6.85 Sep-14

NATIONAL GARDEN CLUBS INC DEEN DAY SANDERSFUND (Net) 3.87 10.54 2.81 8.76 7.03 6.78 -- 6.67

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 -- 6.68 Sep-14

Total Equity 357,372 60.41 5.35 15.26 -0.15 8.46 7.90 8.02 -- 8.06 Sep-14

Equity Domestic 216,824 36.65 6.19 16.21 4.48 13.00 12.26 11.00 -- 11.21 Sep-14Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 10.88 Sep-14

Equity International 140,548 23.76 4.08 13.79 -6.95 1.75 1.29 3.41 -- 2.95 Sep-14Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 2.99 Sep-14

Total Fixed Income 234,212 39.59 1.70 3.38 6.88 8.74 5.75 4.65 -- 4.40 Sep-14

Fixed Income Domestic 164,468 27.80 1.99 4.10 8.38 10.96 5.96 4.76 -- 4.46 Sep-14Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.30 Sep-14


XXXXX




2



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC DEEN DAY SANDERSFUND 591,584 100.00 3.87 10.54 2.90 8.94 7.21 6.96 -- 6.85 Sep-14

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 -- 6.68 Sep-14

Total Equity 357,372 60.41 5.35 15.26 -0.15 8.46 7.90 8.02 -- 8.06 Sep-14

Equity Domestic 216,824 36.65 6.19 16.21 4.48 13.00 12.26 11.00 -- 11.21 Sep-14Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 10.88 Sep-14

Vanguard® Total Stock Market Indx Fund Admiral™Shares 107,424 18.16 5.65 13.88 2.06 10.87 11.38 10.87 13.58 10.87 Sep-14

Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 10.88 Sep-14Multi-Cap Core Funds Average 5.41 13.35 -0.71 6.64 8.09 7.79 10.88 7.95 Sep-14

Vanguard® U.S. Growth Fund Admiral™ Shares 40,519 6.85 8.78 26.09 29.95 39.49 24.25 17.64 18.15 17.72 Dec-14Russell 1000 Growth 7.69 19.93 18.26 29.84 20.91 16.84 17.29 16.45 Dec-14Large-Cap Growth Funds Average 6.91 19.41 17.70 26.81 19.22 14.84 15.47 14.70 Dec-14

Vanguard® Windsor™ II Fund Admiral™ Shares 36,876 6.23 5.25 11.56 -5.18 3.79 6.58 7.14 11.02 6.74 Dec-14Russell 1000 Value 3.95 6.80 -12.95 -6.01 2.70 5.36 10.12 4.76 Dec-14Large-Cap Value Funds Average 3.57 7.90 -12.15 -5.08 3.02 4.97 9.30 4.62 Dec-14


Vanguard® Strategic Equity Fund 15,870 2.68 6.04 15.15 -9.75 -4.08 2.64 4.94 11.81 6.19 Sep-14Spliced Small and Mid-Cap Index 5.44 16.25 -4.83 0.74 6.54 7.39 12.01 8.23 Sep-14Mid-Cap Core Funds Average 4.46 11.69 -10.18 -4.34 3.08 4.64 9.55 5.39 Sep-14

Equity International 140,548 23.76 4.08 13.79 -6.95 1.75 1.29 3.41 -- 2.95 Sep-14Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 2.99 Sep-14

Vanguard® Total International Stock Index Fund Adm™Shares 140,548 23.76 4.08 13.79 -6.95 1.75 1.29 3.41 4.66 2.95 Sep-14

Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 2.99 Sep-14International Funds Average 3.92 13.67 -5.84 2.92 1.44 2.92 4.98 3.00 Sep-14


3



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

Total Fixed Income 234,212 39.59 1.70 3.38 6.88 8.74 5.75 4.65 -- 4.40 Sep-14

Fixed Income Domestic 164,468 27.80 1.99 4.10 8.38 10.96 5.96 4.76 -- 4.46 Sep-14Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.30 Sep-14

Vanguard® Total Bond Market Index Fund Admiral™Shares 81,697 13.81 1.56 2.84 8.01 10.40 5.75 4.48 3.84 4.24 Sep-14

Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 4.30 Sep-14

Spliced Intermediate-Term Investment-Grade DebtFunds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 3.89 Sep-14

Vanguard® Short-Term Investment-Grade Fund Adm™Shares 36,401 6.15 0.75 3.15 4.04 5.58 3.65 3.14 2.75 3.02 Dec-14

BBgBarc US Credit 1-5 Yr TR 0.72 2.90 4.10 6.11 3.93 3.29 3.01 3.16 Dec-141-5 Year Investment-Grade Debt Funds Average 0.70 2.86 2.65 3.93 2.77 2.30 2.04 2.20 Dec-14

Vanguard® Inter-Term Investment-Grade Fund Adm ™Shares 24,655 4.17 1.83 5.60 8.75 11.34 6.30 5.39 5.06 5.05 Dec-14

BBgBarc US Credit 5-10 Yr TR 2.22 6.67 7.54 11.04 6.76 5.97 5.63 5.50 Dec-14Spliced Core Bond Funds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 3.84 Dec-14







4






5






Vanguard® Explorer™ Fund Admiral™ Shares $15,265 $0 $870 $0 $16,135

Vanguard® Inter-Term Investment-Grade Fund Adm ™ Shares $24,263 -$53 $392 $53 $24,655

Vanguard® Long-Term Investment-Grade Admiral Shares $20,535 -$57 $1,180 $57 $21,715

Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $36,202 -$72 $199 $72 $36,401

Vanguard® Strategic Equity Fund $14,966 $0 $904 $0 $15,870

Vanguard® Total Bond Market Index Fund Admiral™ Shares $80,586 -$147 $1,111 $147 $81,697

Vanguard® Total International Bond Index Fund Adm™ Shares $69,085 -$55 $660 $55 $69,744





Total $569,910 -$385 $21,674 $385 $591,584

6

Cash Flow Summary



_

Beginning Market Value $569,910 $536,740 $577,919 $553,891Net Cash Flow -$385 -$2,527 -$5,275 -$13,598Capital Appreciation $21,674 $54,844 $14,144 $38,668Income $385 $2,527 $4,796 $12,623Ending Market Value $591,584 $591,584 $591,584 $591,584

_



Total Equity $357,372 60.4%

















Total $591,584 100.0% 0.117%XXXXX


7









XXXXX


8



_




Total Equity

N/A

Equity Domestic
















Total Fixed Income

N/A



9



_















10



Legal

















NATIONAL GARDEN CLUBS INC JUNE MKUMMER FUND

PREPARED FOR


Market Value($)

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND 2,339,984 3.87 10.54 2.84 8.90 7.00 6.87 -- 6.83 Jan-15NATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND(Net) 3.87 10.54 2.76 8.72 6.82 6.69 -- 6.65

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 -- 6.73 Jan-15XXXXX



US Equity $857,477 36.6% 36.0% 0.6%Non-US Equity $556,596 23.8% 24.0% -0.2%US Fixed Income $650,661 27.8% 28.0% -0.2%Non-US Fixed Income $275,251 11.8% 12.0% -0.2%Total $2,339,984 100.0% 100.0%

XXXXX




1





NATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND


Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND 2,339,984 100.00 3.87 10.54 2.84 8.90 7.00 6.87 -- 6.83 Jan-15NATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND(Net) 3.87 10.54 2.76 8.72 6.82 6.69 -- 6.65

Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 -- 6.73 Jan-15

Total Equity 1,414,073 60.43 5.34 15.26 -0.20 8.41 7.79 7.95 -- 8.37 Jan-15

Equity Domestic 857,477 36.64 6.18 16.20 4.42 12.93 12.21 10.96 -- 11.38 Jan-15Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 11.12 Jan-15

Equity International 556,596 23.79 4.08 13.79 -6.95 1.75 1.29 3.41 -- 3.90 Jan-15Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 3.91 Jan-15

Total Fixed Income 925,912 39.57 1.70 3.38 6.88 8.75 5.77 4.66 -- 4.00 Jan-15

Fixed Income Domestic 650,661 27.81 1.99 4.11 8.38 10.96 5.99 4.78 -- 4.11 Jan-15Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 3.82 Jan-15

Fixed Income International 275,251 11.76 1.03 1.68 3.40 3.71 5.23 4.36 -- 3.69 Jan-15Bloomberg Barclays Global Aggregate ex-USD FloatAdjusted RIC Capped Hedged 0.95 1.73 3.50 3.92 5.46 4.58 -- 3.93 Jan-15

XXXXX




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Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

NATIONAL GARDEN CLUBS INC JUNE M KUMMER FUND 2,339,984 100.00 3.87 10.54 2.84 8.90 7.00 6.87 -- 6.83 Jan-15Composite Benchmark 3.67 9.04 2.10 8.13 7.06 6.85 -- 6.73 Jan-15

Total Equity 1,414,073 60.43 5.34 15.26 -0.20 8.41 7.79 7.95 -- 8.37 Jan-15

Equity Domestic 857,477 36.64 6.18 16.20 4.42 12.93 12.21 10.96 -- 11.38 Jan-15Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 11.12 Jan-15

Vanguard® Total Stock Market Indx Fund Admiral™Shares 425,198 18.17 5.65 13.88 2.06 10.87 11.38 10.87 13.58 11.10 Jan-15

Spliced Total Stock Market Index 5.65 13.88 2.06 10.87 11.39 10.89 13.60 11.12 Jan-15Multi-Cap Core Funds Average 5.41 13.35 -0.71 6.64 8.09 7.79 10.88 8.17 Jan-15

Vanguard® U.S. Growth Fund Admiral™ Shares 159,682 6.82 8.78 26.09 29.95 39.49 24.25 17.64 18.15 18.30 Jan-15Russell 1000 Growth 7.69 19.93 18.26 29.84 20.91 16.84 17.29 17.05 Jan-15Large-Cap Growth Funds Average 6.91 19.41 17.70 26.81 19.22 14.84 15.47 15.28 Jan-15

Vanguard® Windsor™ II Fund Admiral™ Shares 146,485 6.26 5.25 11.56 -5.18 3.79 6.58 7.14 11.02 7.64 Jan-15Russell 1000 Value 3.95 6.80 -12.95 -6.01 2.70 5.36 10.12 5.61 Jan-15Large-Cap Value Funds Average 3.57 7.90 -12.15 -5.08 3.02 4.97 9.30 5.51 Jan-15

Vanguard® Explorer™ Fund Admiral™ Shares 63,578 2.72 5.70 20.28 2.85 8.65 13.08 10.59 13.78 9.91 Feb-15Russell 2500 Growth 5.47 20.78 7.60 13.42 13.61 10.48 14.32 10.33 Feb-15Small-Cap Growth Funds Average 5.61 20.90 6.50 9.63 13.00 9.75 12.96 9.78 Feb-15

Vanguard® Strategic Equity Fund 62,533 2.67 6.04 15.15 -9.75 -4.08 2.64 4.94 11.81 5.52 Jan-15Spliced Small and Mid-Cap Index 5.44 16.25 -4.83 0.74 6.54 7.39 12.01 7.90 Jan-15Mid-Cap Core Funds Average 4.46 11.69 -10.18 -4.34 3.08 4.64 9.55 5.23 Jan-15

Equity International 556,596 23.79 4.08 13.79 -6.95 1.75 1.29 3.41 -- 3.90 Jan-15Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 3.91 Jan-15

Vanguard® Total International Stock Index Fund Adm™Shares 556,596 23.79 4.08 13.79 -6.95 1.75 1.29 3.41 4.66 3.90 Jan-15

Spliced Total International Stock Index 4.48 13.11 -7.07 1.02 1.41 3.42 4.72 3.91 Jan-15International Funds Average 3.92 13.67 -5.84 2.92 1.44 2.92 4.98 3.76 Jan-15


3



Market Value($)

% ofPortfolio

1 Mo(%)

3 Mo(%)

YTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Inception(%)

InceptionDate

_

Total Fixed Income 925,912 39.57 1.70 3.38 6.88 8.75 5.77 4.66 -- 4.00 Jan-15

Fixed Income Domestic 650,661 27.81 1.99 4.11 8.38 10.96 5.99 4.78 -- 4.11 Jan-15Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 3.82 Jan-15

Vanguard® Total Bond Market Index Fund Admiral™Shares 323,083 13.81 1.56 2.84 8.01 10.40 5.75 4.48 3.84 3.74 Jan-15

Spliced Bloomberg Barclays US Aggregate FloatAdjusted Index 1.59 2.77 7.98 10.42 5.80 4.55 3.92 3.82 Jan-15

Spliced Intermediate-Term Investment-Grade DebtFunds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 3.54 Jan-15

Vanguard® Short-Term Investment-Grade Fund Adm™Shares 144,000 6.15 0.75 3.15 4.04 5.58 3.65 3.14 2.75 2.91 Jan-15

BBgBarc US Credit 1-5 Yr TR 0.72 2.90 4.10 6.11 3.93 3.29 3.01 3.03 Jan-151-5 Year Investment-Grade Debt Funds Average 0.70 2.86 2.65 3.93 2.77 2.30 2.04 2.12 Jan-15

Vanguard® Inter-Term Investment-Grade Fund Adm ™Shares 97,564 4.17 1.83 5.60 8.75 11.34 6.30 5.39 5.06 4.64 Jan-15

BBgBarc US Credit 5-10 Yr TR 2.22 6.67 7.54 11.04 6.76 5.97 5.63 5.04 Jan-15Spliced Core Bond Funds Average 1.82 4.23 7.27 9.44 5.24 4.20 3.85 3.54 Jan-15


Fixed Income International 275,251 11.76 1.03 1.68 3.40 3.71 5.23 4.36 -- 3.69 Jan-15Bloomberg Barclays Global Aggregate ex-USD FloatAdjusted RIC Capped Hedged 0.95 1.73 3.50 3.92 5.46 4.58 -- 3.93 Jan-15

Vanguard® Total International Bond Index Fund Adm™Shares 275,251 11.76 1.03 1.68 3.40 3.71 5.23 4.36 -- 3.69 Jan-15

Bloomberg Barclays Global Aggregate ex-USD FloatAdjusted RIC Capped Hedged 0.95 1.73 3.50 3.92 5.46 4.58 -- 3.93 Jan-15

International Income Funds Average 2.85 5.88 1.72 2.29 2.39 3.06 2.25 2.15 Jan-15XXXXX


4






5









Vanguard® Short-Term Investment-Grade Fund Adm™ Shares $142,931 $0 $784 $286 $144,000


Vanguard® Total Bond Market Index Fund Admiral™ Shares $318,118 $0 $4,384 $582 $323,083






Total $2,252,765 $0 $85,701 $1,518 $2,339,984

6

Cash Flow Summary



_

Beginning Market Value $2,252,765 $2,113,678 $191,771 $181,268Net Cash Flow $0 $0 $1,999,040 $1,998,877Capital Appreciation $85,701 $216,345 $132,983 $141,083Income $1,518 $9,962 $16,190 $18,756Ending Market Value $2,339,984 $2,339,984 $2,339,984 $2,339,984

_



Total Equity $1,414,073 60.4%

















Total $2,339,984 100.0% 0.117%XXXXX


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XXXXX


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Total Equity

N/A

Equity Domestic
















Total Fixed Income

N/A



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Legal















Documents

National Garden Clubs, Inc.JEWELRY 275 539 9,000 89 246 6,340 186 293 168 NCP 10 50 3,000 3 9 109 7 41 176 SLIDES 0 0 00000 0 0 ... 07/31 Income dividend 224.21 12.51 17.922 6,875.525