annual report 2008 - The Sierra Club Foundation

The Sierra Club Foundation Statement of Activities
December 31, 2008 and 2007
2008 2007
REVENUES, GAINS & OTHER SUPPORT
Contributions $ 48,351,933 $ 26,826,392
Contributions related to split-interest agreements 2,146,973 519,304
Bequests 5,814,689 15,071,941
total CONTRIBUTIONS $ 56,313,595 $ 42,417,637
Net gains (losses) from investments (19,784,111) 1,347,975
Interest and dividends 2,510,158 2,222,608
Net change in value of split-interest agreements (2,427,877) (183,204)
Other income (loss) (348,450) 167,833
total REVENUES, GAINS & OTHER SUPPORT $ 36,263,316 $ 45,972,849
EXPENSES
Program services 40,229,676 26,081,905
Support services:
administrative 832,242 1,014,675
fundraising 3,618,860 2,771,361
total EXPENSES $ 44,680,778 $ 29,867,941
Change in net assets (8,417,462) 16,104,908
Net assets, beginning of year 95,150,543 79,045,635
Net assets, end of year $ 86,733,081 $ 95,150,543
The Sierra Club Foundation Summary of Expenses 2008
n Program, Grants,
and Services
90%
n Fundraising
8.1%
1.9%
n Administrative
2008 financial information is
unaudited. 2007 financial information
has been extracted from
The Sierra Club Foundation’s
audited financial statements,
on which an independent public
accounting firm expressed an
unqualified opinion. To obtain
copies of the complete audited
financial statements, please contact
The Sierra Club Foundation.
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