2010 Annual Report University of Alaska Foundation Promise
2010 Annual Report University of Alaska Foundation Promise
2010 Annual Report University of Alaska Foundation Promise
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UNIVERSITY OF ALASKA FOUNDATION<br />
STATEMENTS OF ACTIVITIES<br />
For the years ended June 30, <strong>2010</strong> and 2009<br />
Temporarily<br />
<strong>2010</strong><br />
Permanently<br />
Revenues, gains and other support Unrestricted Restricted Restricted<br />
Contributions $ 255,915 $ 12,961,368 $ 2,724,454<br />
Investment income 719,110 1,236,174 -<br />
Net realized and unrealized investment gains (losses) 4,158,668 3,014,934 -<br />
Other revenues 173 168,832 -<br />
Actuarial adjustment <strong>of</strong> remainder trust obligations - (28,080) (71,019)<br />
Losses on disposition <strong>of</strong> other assets (2,707) (115,230) (25)<br />
Administrative assessments 1,472,977 (888,575) (42,653)<br />
Support from <strong>University</strong> <strong>of</strong> <strong>Alaska</strong> 890,000 - -<br />
Net assets released from restriction 10,962,699 (10,962,699) -<br />
Total revenues, gains and other support 18,456,835 5,386,724 2,610,757<br />
Expenses and distributions<br />
Operating expenses 2,567,645 - -<br />
Distributions for the benefit <strong>of</strong> the <strong>University</strong> <strong>of</strong> <strong>Alaska</strong> 13,290,094 - -<br />
Total expenses and distributions 15,857,739 - -<br />
Excess (deficit) <strong>of</strong> revenues over expenses 2,599,096 5,386,724 2,610,757<br />
Transfers between net asset classes 260 (10,003,822) 10,003,562<br />
Increase (decrease) in net assets 2,599,356 (4,617,098) 12,614,319<br />
Net assets, beginning <strong>of</strong> year 31,232,971 67,349,390 59,694,934<br />
Net assets, end <strong>of</strong> year $ 33,832,327 $ 62,732,292 $ 72,309,253<br />
72 UNIVERSITY OF ALASKA FOUNDATION FY10 ANNUAL REPORT
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