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FINANCIALS

Statement of Disbursements, Support and Changes in the Endowment for the year ended December 31, 2007 and the year ended December 31, 2008. (Figures are in US dollars.)

2009 Financial Statements will be posted when available.

  2007 2008
DISBURSEMENTS
Grants (net of reclaims) $1,289,057 $1,141,502
Program Related Expenses $234,594 $320,792
General Administrative Expenses $89,143 $91,000
Investment Expenses $107,292 $96,709
Federal Excise Tax $23,999 $6,176
Total Disbursements $1,744,085 $1,656,179
SOURCES OF SUPPORT
Dividend and Interest Income $540,637 $710,781
Net Partnership Income (Loss) ($8,512) $3,532
Gifts Received --- $500,000
Net Realized Capital Gain or (Loss) $1,975,084 $0
Total Support $2,507,209 $1,214,313
 
Endowment Market Value
Beginning of Year
$27,841,802 $28,318,828
Unrealized Gain or (Loss) $477,026 ($9,531,696)
Endowment Market Value
End of Year
$28,318,828 $18,787,132

 

This page updated October 2009.