2008 Annual Report - Greater Worcester Community Foundation

Financials
Statements of Activities
2008
2007
Revenue, gains, and
other support:
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Total
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Total
Total net investment return
$ (204,761) $ (38,196,002)
$ - $ (38,400,763)
$ 54,407
$10,806,484
$ -
$ 10,860,891
Less: Investment return for
agency endowments
-
3,276,084
-
3,276,084
-
(840,645)
-
(840,645)
Net investment return
(204,761 )
(34,919,918)
-
(35,124,679)
54,407
9,965,839
-
10,020,246
Total gifts and donations
64,435
1,761,372
1,501,495
3,327,302
97,797
2,406,957
3,172,815
5,677,569
Less: Gifts and donations
for agency endowments
-
(856,918)
(121,867)
(978,785)
-
(466,683)
(62,399)
(529,082)
Gifts and donations
64,435
904,454
1,379,628
2,348,517
97,797
1,940,274
3,110,416
5,148,487
Change in split interest
agreements
Other support
Satisfaction of purpose
restrictions
-
45,578
6,036,897
-
48,164
(6,036,897)
(700,310 )
-
-
(700,310)
93,742
-
-
77,481
5,625,972
-
-
(5,625,972)
3,768
-
-
3,768
77,481
-
Total
5,942,149
(40,004,197)
679,318
(33,382,730)
5,855,657
6,280,141
3,114,184
15,249,982
Expenses:
Total Distributions
5,309,129
-
-
5,309,129
4,666,672
-
-
4,666,672
Less: Distributions for
agency endowments
(331,288)
-
-
(331,288)
(207,509)
-
-
(207,509)
Distributions
4,977,841
-
-
4,977,841
4,459,163
-
-
4,459,163
Other
Administrative
19,696
1,306,411
-
-
-
-
19,696
1,306,411
27,065
1,109,415
-
-
-
-
27,065
1,109,415
Total
6,303,948
-
-
6,303,948
5,595,643
-
-
5,595,643
Change in net assets
(361,799)
(40,004,197)
679,318
(39,686,678)
260,014
6,280,141
3,114,184
9,654,339
Net assets, beginning of year
1,257,102
45,639,777
75,982,361
122,879,240
997,088
39,359,636
72,868,177
113,224,901
Net assets, end of year
$ 895,303
$5,635,580
$76,661,679
$83,192,562
$1,257,102
$45,639,777
$75,982,361
$122,879,240
Greater Worcester Community Foundation 08 ANNUAL REPORT 35