<strong>Tri</strong> <strong>Delta</strong> Convention <strong>2012</strong>Collegiate sisters were honored at the Awards Banquet:Top Foundation Scholarship Recipient:Taylor Case, Nebraska / LincolnWhen Taylor’s father became ill, his medical bills consumed the money that wasreserved to help her achieve her goal of becoming a physician’s assistant. Afterreviewing Taylor’s accomplishments and recommendations, the Foundation waspleased to present her with both the Martin Sisters Scholarship as well as theEastman Memorial Scholarship. At Convention, Taylor was named the TopFoundation Scholarship Recipient.Sarah Ida Shaw Award Recipient:Kristen Gue, AuburnThis most prestigious collegiate award was presented to Kristen, the womenwho best exemplifies the ideals of <strong>Tri</strong> <strong>Delta</strong>. Serving as PanhellenicAdministrative Vice President, Reflections Body Image Coordinator, andAcademic Tutor at a local middle school, Kristen is a natural leader whosetireless efforts exert a positive influence on Phi Theta. The Foundation waspleased to present Kristen with the Sarah Ida Shaw Award at Convention <strong>2012</strong>.
FinancialsStatement of Revenue & Expenses<strong>2011</strong>-<strong>2012</strong><strong>2011</strong>-<strong>2012</strong>Foundation Income Unrestricted Restricted TotalContributions 629,020 151,891 780,911Investment Losses (15,350) (88,871) (104,221)Net Assets Released from Restrictions 368,107 (368,107) –Total revenue, gains and support 981,777 (305,087) 676,690Foundation Assets & Liabilities<strong>2011</strong>-<strong>2012</strong>AssetsCash & Cash Equivalent Investments 397,864Accounts Receivable 1,947Marketable Securities 7,636,170Pledges receivable 45,113Total Assets 8,081,094Foundation Expenses / GrantsProgram Related Expenses & GrantsScholarships 164,512 – 164,512Crescent Funds 267,574 – 267,574Educational Grants 265,417 – 265,417Total Program Related Expenses & Grants 697,503 – 697,503General / Administrative Expenses 96,335 – 96,335Fundraising Expenses 111,396 – 111,396Total Expenses/Grants 905,234 – 905,234Liabilities and Net AssetsTotal Liabilities 4,459Unrestricted Net Assets 1,268,431Temporarily Restricted Net Assets 2,665,095Permanently Restricted Net Assets 4,143,109Total Fund Balance 8,076,635Total Liabilities & Fund Balance 8,081,094Financial information represents the <strong>Delta</strong> <strong>Delta</strong> <strong>Delta</strong> Foundation's fiscal year of August 1, <strong>2011</strong> through July 31, <strong>2012</strong>.Financial statements are audited annually by PSK LLP, an independent accounting firm based in Arlington, Texas.Program Expenses and Grants include grants and scholarships funded by restricted gifts and endowments, in addition to those fundedby unrestricted donations as required by accounting standards. THE COST TO RAISE A DOLLAR IN <strong>2011</strong>-<strong>2012</strong> WAS $0.14.