Financials

2016 Assets

Current Assets

Cash and cash equivalents

136,705

Unconditional promises to give

646,000

Prepaid expenses

15,279

Prepaid taxes

11,156

Investments

24772,654

Property and equipment

1,823

Deposits

1,000

Total assets

25,584,617


Liabilities and net assets

Accounts payable and accrued expenses

46,430

Deferred excise taxes

92,000

Grants payable

715,000

Net assets -- unrestricted

24,731,187

Total liabilities and net assets

25,584,617


Revenue and support

Contributions

754,000

Interest income

13,346

Dividend income

492,331

Realized gains

508,326

Unrealized (losses) gains

941,460

Total revenue and support

2,709,463


Expenses

Grants

1,502,500

Direct charitable

572,693

Investment management and related

205,955

Excise taxes

26,214

Total Expenses

2,307,362


Changes in net assets

402,101

Net assets - unrestricted, beginning of year

24,329,086

Net assets - unrestricted, end of year

24,731,187

2015 Assets

Current Assets

Cash and cash equivalents

303,646

Unconditional promises to give

388,000

Prepaid expenses

9,108

Prepaid taxes

10,370

Investments

24,597,723

Property and equipment

3,038

Deposits

1,000

Total assets

25,312,885


Liabilities and net assets

Accounts payable and accrued expenses

43,299

Deferred excise taxes

73,000

Grants payable

867,500

Net assets -- unrestricted

24,329,086

Total liabilities and net assets

25,312,885


Revenue and support

Contributions

755,550

Interest income

10,735

Dividend income

500,797

Realized gains

2,140,446

Unrealized (losses) gains

2,632,971

Total revenue and support

774,507


Expenses

Grants

1621,000

Direct charitable

599,115

Investment management and related

203,619

Excise taxes

-10,123

Total Expenses

2,413,611


Changes in net assets

-1,639,104

Net assets - unrestricted, beginning of year

25,968,190

Net assets - unrestricted, end of year

24,329,086