A brighter future. You can do more than just wish for it.
A brighter future. You can do more than just wish for it.
A brighter future. You can do more than just wish for it.
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Combined Statements of Activ<strong>it</strong>ies<br />
For the years ended December 31, 2007 & 2006<br />
2007 2006<br />
Revenue<br />
En<strong>do</strong>wment contributions $ 6,639,245 $ 12,756,674<br />
Unen<strong>do</strong>wed contributions 3,352,460 2,608,496<br />
Total contributions 9,991,705 15,365,170<br />
Less transfers to organization en<strong>do</strong>wments (4,009,176) (5,067,330)<br />
Net contributions 5,982,529 10,297,840<br />
Realized and unrealized gain on investments, net of fees<br />
of $1,309,185 <strong>for</strong> 2007 and $950,206 <strong>for</strong> 2006 9,287,131 19,424,807<br />
Investment income 13,521,118 11,448,848<br />
Spl<strong>it</strong>-interest agreements released from restrictions – –<br />
Change in value of spl<strong>it</strong>-interest agreements, net 41,027 342,593<br />
Total revenue, gains and other support 28,831,805 41,514,088<br />
Expense<br />
Grants appropriations, net<br />
Grants <strong>for</strong> program management and direct<br />
12,614,530 10,446,255<br />
char<strong>it</strong>able activ<strong>it</strong>ies 1,339,952 1,422,432<br />
Total grants 13,954,482 11,868,687<br />
Less grants from organization en<strong>do</strong>wments (1,307,685) (567,730)<br />
Net grants 12,646,797 11,300,957<br />
Administration 2,391,928 2,147,554<br />
Total expense 15,038,725 13,448,511<br />
Increase in Net Assets 13,793,080 28,065,577<br />
Net Assets—Beginning of Year 253,935,178 225,869,601<br />
Net Assets—End of Year $ 267,728,258 $ 253,935,178<br />
$12,614,530<br />
Activ<strong>it</strong>ies: Grants to the<br />
commun<strong>it</strong>y from funds