Building the Future Transforming Lives Annual - University of ...

UNIVERSITY OF COLORADO FOUNDATIONConsolidated Statement of ActivitiesTemporarily PermanentlyYear ended June 30, 2006 Unrestricted Restricted Restricted TotalSupport and revenue:Contributions $ 63,299 $ 46,672,708 $ 11,547,249 $ 58,283,256Net investment return 20,399,906 47,788,356 359,716 68,547,978Development service fees from the University 7,462,349 – – 7,462,349Change in value of split-interest agreements 32,082 512,692 1,648,843 2,193,617Boulder Alumni Association 3,044,769 – – 3,044,769Other revenue 139,466 777,827 979,789 1,897,082Net change in endowments below Historical Gift Value (32,820) 32,820 – –Other changes in net assets 19,150 (2,071,666) 2,052,516 –Net assets released from purpose restrictions 53,513,979 (53,513,979) – –Total support and revenue 84,642,180 40,198,758 16,588,113 141,429,051Expenses and distributions:Program services:Gifts and income distributed and applied 51,660,612 – – 51,660,612Pledges distributed to Hospital 2,042,907 – – 2,042,907Boulder Alumni Association 2,833,280 – – 2,833,280Total program services 56,536,799 – – 56,536,799Supporting services:Development 9,638,109 – – 9,638,109Administrative 7,836,542 – – 7,836,542Investment 1,046,877 – – 1,046,877Total supporting services 18,521,528 – – 18,521,528Total expenses and distributions 75,058,327 – – 75,058,327Total change in net assets 9,583,853 40,198,758 16,588,113 66,370,724Net assets, beginning of year 30,203,340 347,974,446 189,920,409 568,098,195Discontinued operations (977,467) – – (977,467)Net assets, end of year $ 38,809,726 $ 388,173,204 $ 206,508,522 $ 633,491,452See accompanying notes to consolidated financial statements.– 25 –