Annual Report 2004 - Charles Stewart Mott Foundation
Annual Report 2004 - Charles Stewart Mott Foundation
Annual Report 2004 - Charles Stewart Mott Foundation
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STATEMENTS OF FINANCIAL POSITION<br />
<strong>Charles</strong> <strong>Stewart</strong> <strong>Mott</strong> <strong>Foundation</strong><br />
Years Ended December 31,<br />
<strong>2004</strong> 2003<br />
Assets<br />
Investments, at market value:<br />
Equities $1,927,350,347 $1,823,360,731<br />
U.S. Government obligations 235,751,831 295,109,368<br />
Corporate bonds 53,182,761 76,706,948<br />
Cash equivalents 188,441,335 73,848,129<br />
2,404,726,274 2,269,025,176<br />
Limited partnerships 91,941,016 70,850,869<br />
Cash 1,552,672 3,269,484<br />
Accrued interest and dividends 7,470,845 8,665,325<br />
Land, building and improvements, net 4,159,228 4,440,320<br />
Other assets 14,889,454 16,979,738<br />
$2,524,739,489 $2,373,230,912<br />
Liabilities and Unrestricted Net Assets<br />
Grants payable, net $ 52,596,278 $ 69,829,359<br />
Accounts payable and other liabilities 12,858,691 14,918,439<br />
Deferred excise tax 14,454,938 15,180,000<br />
79,909,907 99,927,798<br />
Unrestricted Net Assets 2,444,829,582 2,273,303,114<br />
$2,524,739,489 $2,373,230,912<br />
The accompanying notes are an integral part of the financial statements.<br />
<strong>2004</strong> ANNUAL REPORT<br />
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