MOVING MINES FORWARD - Give to Mines - Colorado School of ...
MOVING MINES FORWARD - Give to Mines - Colorado School of ...
MOVING MINES FORWARD - Give to Mines - Colorado School of ...
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The mines endowment<br />
Growth in endowment assets (in millions)<br />
$165 million as <strong>of</strong> June 30, 2008<br />
Endowment dollars by category (in millions)<br />
$180<br />
$160<br />
$140<br />
Other<br />
Academic Programs<br />
$25<br />
$22<br />
$120<br />
Faculty Support<br />
$50<br />
$100<br />
Student Assistance<br />
$68<br />
$80<br />
$60<br />
1998<br />
1999<br />
2000<br />
2001<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
Total Endowment Funds<br />
$165<br />
$0 $50 $100 $150 $200<br />
FISCAL YEAR<br />
<strong>Colorado</strong> <strong>School</strong> <strong>of</strong> <strong>Mines</strong> Foundation, INC.<br />
Statement <strong>of</strong> activities for the year ended june 30, 2008 (with comparative <strong>to</strong>tals for 2007)<br />
temporarily permanently<br />
unrestricted Restricted Restricted 2008 Total 2007 Total<br />
Revenues, gains and support<br />
Contributions 1,655,043 7,204,616 2,097,090 10,956,749 10,343,334<br />
Interest and dividends 605,846 1,337,355 249,668 2,192,869 2,133,238<br />
Net realized and unrealized gains (losses) 827,967 (5,275,746) (285,953) (4,733,732) 22,981,940<br />
Changes in net present values<br />
<strong>of</strong> split-interest agreements (255,006) 95,887 65,560 (93,559) (1,052,327)<br />
Changes in interest in net assets<br />
<strong>of</strong> Property Management Corp. --- 931 --- 931 (99,640)<br />
Other income (loss) 158,121 39,582 3,289 200,992 209,066<br />
Total Revenues, Gains and Support 2,991,971 3,402,625 2,129,654 8,524,250 34,515,611<br />
Net assets released from restrictions<br />
Satisfaction <strong>of</strong> program restrictions 10,228,911 (10,228,911) --- --- ---<br />
Administration fees 1,057,887 (1,057,887) --- --- ---<br />
Realization <strong>of</strong> promises <strong>to</strong> give 502,096 (502,096) --- --- ---<br />
Cancellation <strong>of</strong> pledges 2,794 (562) (2,232) --- ---<br />
Other reclassifications 85,698 3,782,579 (3,868,277) --- ---<br />
Total Net Assets Released 11,877,386 (8,006,877) (3,870,509) --- ---<br />
Expenses<br />
<strong>School</strong> support 11,345,780 --- --- 11,345,780 11,860,486<br />
Fundraising 1,819,667 --- --- 1,819,667 1,879,807<br />
Alumni Association 120,000 --- --- 120,000 120,000<br />
Management and general 524,247 --- --- 524,247 461,558<br />
Presidential search --- --- --- --- 4,782<br />
Cancellation <strong>of</strong> pledges 2,794 --- --- 2,794 52,734<br />
Total expenses 13,812,488 --- --- 13,812,488 14,379,367<br />
Change in net assets 1,056,869 (4,604,252) (1,740,855) (5,288,238) 20,136,244<br />
Net assets at beginning <strong>of</strong> year 19,735,732 52,624,582 106,482,272 178,842,586 158,706,342<br />
Net assets at end <strong>of</strong> year 20,792,601 48,020,330 104,741,417 173,554,348 178,842,586<br />
17
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