Financial Statements

MARIE C. AND JOSEPH C. WILSON FOUNDATION

ANNUAL REPORT

 FINANCIAL HIGHLIGHTS – 2006 and 2005

                                                                  2006                           2005      

Net Assets

      Book Value                                     $16,877,633           $   15,782,766

      Market Value                                  $19,828,703           $   17,668,358

Investment Income                                 $     676,184*         $     541,820*

      *Exclusive of net gain or loss from sales of

         investments and net gain/loss on unrealized

         appreciation or depreciation

Expenses

      Grant Administration                        $      203,536           $     233,783

      Investment Management Fees                    88,271                    84,107

      Trustee Fees                                             38,987                    30,413  

      Federal Excise Tax                                    35,527                    14,894  

      Foreign Taxes                                             6,867                      9,252  

      Total Expenses                                $      373,188           $     372,449  

Grants                                                   $     464,316             $1,890,102**          

     **Includes the present value of a eight-

         year pledge to the National Center for

         Family Homelessness

Net Unrealized and Realized Gains on

      Long-Term Investments                   $  2,321,665             $    794,729