n n n n n 5 n n n n n JUNE 30, <strong>2018</strong> Net Assets Market Value Carrying Value Cash and cash equivalents $ 1,733,975 $ 1,733,975 Marketable Securities: Bond fund 17,845,925 17,810,767 Stock fund 75,978,953 36,457,990 Development markets fund 40,925,774 35,469,981 Emerging markets fund 8,501,395 7,785,834 International bond fund 6,733,758 6,724,820 Inter-term corporate bond fund 16,029,978 15,938,956 Real Estate 2,215,500 254,967 Minerals and Investments (producing and nonproducing) 7,873,715 4,241,192 Improved office building 2,487,006 3,670,721 Paintings 188,220 39,790 Other assets ____________ 3,240 ____________ 3,240 $ ____________ 180,517,439 $ ____________ 130,132,233 July 1, 2017 Corpus $ 175,557,463 ADD: Interest and dividends $ 3,977,367 Royalties 1,515,589 Gain on sale of investments 4,382,725 Lease Bonus 845,243 Water Well Lease 40,000 Solar Lease 7,255 Rental Income 82,552 Other Income ____________ 1,000 $ 10,851,731 DEDUCT: Grants $ 8,417,235 ** Depreciation and depletion 343,377 Administrative expenses 1,706,025 Production and ad valorem taxes _____________ 155,169 $ ___________ 10,621,806 June 30, <strong>2018</strong> $ 175,787,388 Adjustment to fair market value ____________ 4,730,051 June 30, 2017 $ ____________ 180,517,439 **Minimum distributable amount pursuant to the Internal Revenue Code is $8,754,617. SUMMARY FINANCIAL INFORMATION Foundation Administrative Expenses: 2014 2015 2016 2017 <strong>2018</strong> % of Assets 1.09% 1.16% 1.59% 1.35% 1.22% % of Expenditures: 20.77% 20.28% 24.66% 21.54% 20.76% INVESTMENTS Abell-Hanger Foundation has a long-term asset allocation target for its investments of 75 percent equity and 25 percent fixed income. At fiscal year-end the Foundation’s assets were invested as follows: Domestic Equity 42% International Equity 28% Fixed Income 23% Real Estate Mineral Interests 7% RETURNS Average <strong>Annual</strong> Compounds Excise Taxes Paid: 2014 2015 2016 2017 <strong>2018</strong> Amount $222,364 $347,530 $65,279 $81,800 $208,894 Rate 2% 2% 1% 1% 2% Cumulative Since 1992: $3,779,981 8.72% 7.42% 9.09% 1 YR 3 YR 5 YR
n n n n n 6 n n n n n By Program Area (YE 6-30-18) AREAS OF GRANTS AND GIVING Year Ended June 30, <strong>2018</strong> By Support Area (YE 6-30-18) Public/Society Benefit 7.67% Arts,Cultural, Humanities 3.46% Religion 1.46% Education 32.30% Specific Programs 26.38% Capital Support 33.22% Human Services 34.56% Health 20.55% Scholarships 11.30% General Operating 29.10% AREAS OF GIVING For the year ended Cumulative since ________________ June 30, <strong>2018</strong> ________________ June 30, 1954 Arts, Cultural, Humanities 291,150 28,224,859 Education 2,718,845 68,810,189 Health 1,730,070 44,031,232 Human Services 2,909,303 62,325,535 Public/Society Benefit 646,117 23,035,450 Religion 121,750 3,788,891 Total Giving $8,417,235 $230,216,156 GRANTMAKING AT A GLANCE Fiscal Year Ending: 2015 2016 2017 <strong>2018</strong> Total Grants Paid $7,950,283 $8,009,127 $8,615,433 $8,417,235 Total Grant Payments 138 102 153 158 Median Grant $25,000 $30,000 $25,000 $25,000 Average Grant $57,611 $78,521 $56,310 $53,274 Largest Grant $750,000 $750,000 $1,000,000 $451,985 Smallest Grant $1,025 $2,000 $1,000 $1,000