FINANCIAL STATEMENT AND REPORT
Our Investment Policy



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