PROSPECTUS - The Pew Charitable Trusts

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42 Legislation passed by Congress and signed by the president contains all of the major stipulations sought by Pew for the Founding Fathers Project. The goal is to speed up the online publication of the papers of the nation’s founding fathers and make their writings more accessible to the public. Philanthropic Services and Government Relations Pew forms partnerships with more than 225 organizations and individuals who contribute to projects that include conserving pristine lands and waterways, helping ensure that children grow into successful adults, modernizing our election system, supporting the nation’s arts and heritage, and preserving some of the world’s most magnificent marine sites for future generations. Among the beneficiaries of sizable collaborations with donors are the International Boreal Conservation Campaign, the Global Ocean Legacy project and the Northeast Land Trust Consortium. Philanthropic Services staff members speak at regional, national and global conferences on how individuals, foundations and corporations can make charitable investments that achieve significant and measurable returns. In addition, Pew’s advocacy efforts help secure significant public policy improvements in at least 14 areas. Pew’s policy experts and government relations team are involved in the passage by Congress of laws that include reforms to the nation’s foster care system and measures that will expedite the completion of the papers of our founding fathers. Planning and Evaluation The planning team assists program staff with the integration of Pre-K Now into the Pew Center on the States, supports the development of a multiyear business plan for the Cultural Data Project, informs the creation of a strategy for the Ocean Conservation Program and works with Make Voting Work to shape a new strategy for the coming year. The department completes evaluations on: • bottom-trawling fishing, addressing whether the initiative succeeded in its effort to put the protection of marine biodiversity and oceans governance as a whole on the international fisheries agenda; • Pre-K Now, focusing on whether this effort’s advocacy strategy for universal prekindergarten was effective and should be continued; and • the Project on Student Debt, assessing its role in the education policy debate and in advancing policy changes to help make college more affordable.
Pew Prospectus 2009 43 Financial Information STATEMENT OF FINANCIAL POSITION June 30, 2008 ASSETS TOTAL ASSETS $ 5,884,748,058 LIABILITIES AND NET ASSETS TOTAL LIABILITIES 371,468,966 TOTAL NET ASSETS 5,513,279,092 TOTAL LIABILITIES AND NET ASSETS $ 5,884,748,058 STATEMENT OF ACTIVITIES Year ended June 30, 2008 REVENUES Contributions $ 91,113,391 $ 14,670,872 — $ 105,784,263 Contract revenue 418,124 — — 418,124 Rental income 972,640 — — 972,640 Other income 12,067 — — 12,067 Investment loss (4,0 47,890) — — (4, 047,890) Distributions from supporting trusts 213,165,788 46,282,650 — 259,448,438 Changes in the fair value of the beneficial interest in trusts — — (368,801,862) (368,801,862) Net assets released from restrictions 59,591,121 (59,591,121) — — TOTAL REVENUES 361,225,241 1,362,401 (368,801,862) (6,214,220) OPERATING EXPENSES Grants 142,268,588 — — 142,268,588 Program 93,964,128 — — 93,964,128 General and administration 12,352,068 — — 12,352,068 Fund raising 1,743,237 — — 1,743,237 TOTAL OPERATING EXPENSES 250,328,021 — — 250,328,021 NON-OPERATING (income) / EXPENSES UNRESTRICTED TEMPORARILY RESTRICTED PERMANENTLY RESTRICTED TOTAL Bond interest income (78,203) — — (78,203) Bond interest expense 694,757 — — 694,757 Change in fair value of interest rate swap and swap interest expense 3,933,401 — — 3,933,401 Interest expense, other 469,005 — — 469,005 TOTAL NON-OPERATING EXPENSES 5,018,960 — — 5,018,960 CHANGE IN NET ASSETS 105,878,260 1,362,401 (368,801,862) (261,561,201) NET ASSETS - BEGINNING OF YEAR 136,489,319 68,418,395 5,569,932,579 5,774,840,293 NET ASSETS - END OF YEAR $ 242,367,579 $ 69,780,796 $ 5,201,130,717 $ 5,513,279,092 The financial information presents the consolidated information of The Pew Charitable Trusts and the Pew Research Center, a wholly-owned subsidiary. Audited financials are available upon request.
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