Financial Overview

Statements of Financial Information

    2015*     2014*    
ASSETS            
Cash   $49,220     $147,004  
Accounts Receivable and Prepaid Expenses   $6,034     $3,095    
Interest and Dividends Receivable   $150,685     $107,915    
Federal Excise Tax Receivable   $148,166          
Investments   $100,375,738     $106,898,818    
         
Total Assets   $100,729,843     $107,156,832    
         
LIABILITIES        
Grants Payable          $1,290,000            $797,500    
Federal Excise Tax Payable         $3,782    
         
Total Liabilities         $1,290,000           $801,282    
         
NET ASSETS        
Unrestricted      $99,439,843       $106,355,550    
         
Total Liabilities and Net Assets     $100,729,843      $107,156,832    
         
         

Statements of Activities and Changes in Net Assets

    2015*     2014*    
REVENUE              
Contributions                    $4,925,718    
Interest and Dividends        $1,808,613     $1,850,292    
Income from Limited Partnerships        $2,800,541           $2,330,798    
Net Realized and Unrealized Gains (Losses)      $(5,149,359)        $1,099,774    
Miscellaneous Income   $436     $4,989    
Less: Investment Fees   $(240,620)     $(226,733)    
         
Total Revenue     $(780,389)     $9,984,838    
         
EXPENSES        
Charitable Grants   $5,494,135     $4,232,590    
Grants Management   $377,848     $364,763    
Management and General   $159,442     $156,176    
Federal Excise Tax   $103,893     $179,134    
         
Total Expenses   $6,135,318     $4,933,023    
         
Increase (Decrease) in Net Assets   $(6,915,707)     $5,051,815    
         

Net Assets

    2015*     2014*    
At Beginning of Year: January 1   $106,355,550     $101,303,735    
At End of Year: December 31   $99,439,843       $106,355,550    
         
         
*For the years ended December 31, 2015 and 2014.        
         
         

Forms 990

       
         
For Fiscal Year 2015        
For Fiscal Year 2014        
For Fiscal Year 2013