FINANCIAL POSITION The following represents the condensed financials for the fiscal years ending June 30, 2020 and <strong>2021</strong>, respectively, for the Texas Woman’s University Foundation. The TWU Foundation financials are audited by Hankins, Eastup, Deaton, Tonn & Seay P.C. of Denton, Texas. F21* FY20 TOTAL ASSETS $104,228,008 $89,158,373 TOTAL LIABILITIES $3,372,095 $2,891,437 TOTAL NET ASSETS $100,855,913 $86,266,936 INVESTMENT GAINS (LOSSES) $15,945,353 $3,025,556 TOTAL CHANGE IN NET ASSETS $14,588,977 $8,798,147 *Unaudited Numbers As permanent, self-sustaining funding, endowments provide long-term opportunity for Texas Woman’s. Because these funds are invested and the income generated is used to support the university, endowments provide a steady and flexible source of support for students, programs and faculty. FY21* FY20 ENDOWMENT PORTFOLIO VALUE $90,176,375 $68,473,650 32% INCREASE ENDOWMENT DISTRIBUTION $2,836,954 $1,888,844 FY21 FY20 8
NET ASSETS $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 ENDOWMENT MARKET VALUE $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 9