Financial Records: Audits, 1970-1971

These are annual reports of the Mountain Fund for the years 1941-1944 and 1947-1948, along with semi-annual audits that were conducted 1948-1974. Annual reports provide summaries of expenses relating to the operation of Homeplace and Fund grants to various institutions. In addition, they contain detailed statements on the earnings of trust accounts. The reports were prepared either by Loretto Martin or by Mountain Fund treasurer Charles Manning. They provide information about the Fund's economic status, which is available nowhere else.

The semi-annual audits of the Mountain Fund began soon after the death of treasurer, Charles Manning. Most of them were conducted by Milton S. Cooper of the Lexington accounting firm Eskew and Gresham. They provide excellent summaries of the Mountain Fund's fiscal administration, the condition of its endowment investments and earnings, programs at Homeplace, and the various grants made by the Fund. Of special interest are the audits detailing the Mountain Fund's operation and support of Buckhorn School during the period 1954-1956.