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2010 Annual Report - The Sierra Club Foundation

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December 31, <strong>2010</strong> and 2009<br />

<strong>2010</strong> 2009<br />

Revenues, Gains & Other Support<br />

Contributions $ 40,944,626 $ 34,217,380<br />

Contributions related to split-interest agreements 203,372 1,019,288<br />

Bequests 7,739,089 3,661,661<br />

Total Contributions 48,887,087 38,898,329<br />

Net gains from investments 5,134,121 6,511,054<br />

Interest and dividends 1,721,436 1,606,404<br />

Net change in value of split-interest agreements 275,981 600,116<br />

Other income (loss) 90,065 142,284<br />

Total Revenues, Gains & Other Support 56,108,690 47,758,187<br />

Expenses<br />

Program services<br />

Support services:<br />

47,653,449 41,016,345<br />

Administrative 1,041,539 867,675<br />

Fundraising 4,226,616 4,097,851<br />

Total Expenses 52,921,604 45,981,871<br />

Change in net assets 3,187,086 1,776,316<br />

Net assets, beginning of year 88,509,397 86,733,081<br />

Net assets, end of year $ 91,696,483 $ 88,509,397<br />

<strong>The</strong> <strong>Sierra</strong> <strong>Club</strong> <strong>Foundation</strong> Summary of Expenses <strong>2010</strong><br />

90%<br />

8%<br />

2%<br />

Programs, Grants & Services<br />

Fundraising<br />

Administrative<br />

ANNUAL REPORT <strong>2010</strong> | THE SIERRA CLUB FOUNDATION<br />

<strong>2010</strong> fi nancial information<br />

is unaudited. 2009 fi nancial<br />

information has been<br />

extracted from <strong>The</strong> <strong>Sierra</strong><br />

<strong>Club</strong> <strong>Foundation</strong>’s audited<br />

fi nancial statements, on<br />

which an independent<br />

public accounting fi rm<br />

expressed an unqualifi ed<br />

opinion. To view the<br />

complete audited fi nancial<br />

statements, please visit<br />

www.tscf.org or contact<br />

<strong>The</strong> <strong>Sierra</strong> <strong>Club</strong> <strong>Foundation</strong>.<br />

35

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