| BALANCE SHEET |
2008 |
2007 |
|
|
|
| ASSETS |
|
|
| CASH & CURRENT ASSETS |
4158308 |
1731330 |
| INVESTMENTS (MM, STOCKS, BONDS) |
16961771 |
27600852 |
| PROPERTY, EQUIPMENT, OTHER |
40112 |
56017 |
| TOTAL |
21160191 |
29388199 |
|
|
|
| LIABILITIES & NET ASSETS |
|
|
| ACCOUNTS PAYABLE |
0 |
0 |
| GRANTS PAYABLE & COMMITMENTS |
0 |
0 |
| NET ASSETS |
21160191 |
29388199 |
| TOTAL LIABILITIES & NET ASSETS |
21160191 |
29388199 |
|
|
|
|
|
|
| STATEMENT OF ACTIVITIES |
|
|
2008 |
2007 |
| REVENUE AND SUPPORT |
|
|
| CONTRIBUTIONS |
946342 |
950114 |
| DIVIDENDS |
521259 |
560183 |
| INTEREST |
149612 |
123306 |
| OTHER INVESTMENT INCOME |
|
|
| TOTAL RECEIPTS |
1617213 |
1633603 |
|
|
|
| DISBURSEMENTS |
|
|
| GRANTS |
1524500 |
2246533 |
| FOUNDATION ADMINISTRATION |
565492 |
532647 |
| INVESTMENT MANAGEMENT FEES |
136292 |
159956 |
| OFFICE EXPENSE |
109742 |
101137 |
| TAXES |
36226 |
112928 |
| ACCOUNTING FEES |
38008 |
28118 |
| LEGAL FEES |
2745 |
0 |
| OTHER PROFESSIONAL FEES |
6387 |
7350 |
| TOTAL GRANTS, TAXES & OPERATING EXPENSES |
2419392 |
3188669 |
|
|
|
|
|
|
| Excess of grants, taxes & operating expenses over income, before gain or loss on securities |
-802179 |
-1555066 |