b'42 | ANNUAL REPORTMRCA Foundation8:30 AMMRCA Foundation 08/04/16 Cash BasisBalance Sheet As of June 30, 2016Jun 30, 16ASSETSCurrent AssetsChecking/SavingsPNC - 3312 40,785.49Total Checking/Savings 40,785.49Other Current AssetsMarketable Securities2016 has been another year of robust growth for the MRCA Foundation dueCharles Schwab 3,618.35to the overwhelming generosity of our many industry friends. Charles Schwab - Investments 337,114.22Past MRCA President, Steve Little, served MRCA as the Foundation ChairmanTotal Marketable Securities 340,732.57for the first half of this year. He provided positive energy and a clear vision for the future of the Foundation. Unfortunately, significant companyTotal Other Current Assets 340,732.57demands (his regular day job) on his time and talent resulted in him passing the remaining six months of the Foundation leadership to me. His impactTotal Current Assets 381,518.06on the Foundation in 2016 has been significant and is much appreciated.The purpose of the MRCA Foundation as noted in our bylaws, areTOTAL ASSETS 381,518.06highlighted as follows:To fund direct student aid via scholarships LIABILITIES & EQUITYEquityTo support educational institutions Unrestricted Net Assets 381,518.06To provide educational outreach Total Equity 381,518.06To engage in educational programsTOTAL LIABILITIES & EQUITY 381,518.06In 2015 the MRCA Foundation provided the funding for the 2015 Reflectivity Study. The initial presentation of the study was conducted at our November 2015 Conference and Expo in Kansas City. Additionally, the Foundation raised over $40,000.00 in donations in 2015 thru the support of our contractor members, manufacturers and industry suppliers.This year, my fellow Foundation Board Members made the collective decision to focus on providing direct student aid via scholarships in 2016 to employees of our members who maintain an overall B average andSCHOLARSHIPSpursue and education at a college, university or trade school. Please review our enclosed Annual Foundation Financial Report and feel free to call myself or any of the board members with any questions or concerns. We are pleased to announce our 2016 Greatfully, MRCA Foundation Scholarship Recipients:Larry Marshall,2016 Foundation Chairman Nicholas KiepuraKorellis Roofing Page 1 of 12015 MRCA President John W. May IIIAdvanced Industrial RoofingSophia McGuireAAA Roofing CompanyAndrew SkeltonManchester Roofing Trent Williams - Fremont Roofing'