Financial Overview

Statements of Financial Information

    2016*     2015*    
ASSETS            
Cash   $56,198     $49,220  
Accounts Receivable and Prepaid Expenses   $7,209     $6,034    
Interest and Dividends Receivable         $150,685    
Federal Excise Tax Receivable   $175,994     $148,166    
Investments   $103,776,359     $100,375,738    
         
Total Assets   $104,015,760     $100,729,843    
         
LIABILITIES        
Account Payable   $13,348          
Grants Payable          $800,000            $1,290,000    
         
Total Liabilities         $813,348           $1,290,000    
         
NET ASSETS        
Unrestricted      $103,202,412       $99,439,843    
         
Total Liabilities and Net Assets     $104,015,760      $100,729,843    
         
         

Statements of Activities and Changes in Net Assets

    2016*     2015*    
REVENUE              
Interest and Dividends        $1,917,174     $1,808,613    
Income from Limited Partnerships        $682,217           $2,800,541    
Net Realized and Unrealized Gains (Losses)      $6,538,515        $(5,149,359)    
Miscellaneous Income   $489     $436    
Less: Investment Fees   $(240,353)     $(240,620)    
         
Total Revenue     $8,898,042     $(780,389)    
         
EXPENSES        
Charitable Grants   $4,584,525     $5,494,135    
Grants Management   $321,771     $377,848    
Management and General   $169,350     $159,442    
Federal Excise Tax   $59,827     $103,893    
         
Total Expenses   $5,135,473     $6,135,318    
         
Increase (Decrease) in Net Assets   $3,762,569     $(6,915,707)    
         

Net Assets

    2016*     2015*    
At Beginning of Year: January 1   $99,439,843     $106,355,550    
At End of Year: December 31   $103,202,412       $99,439,843    
         
         
*For the years ended December 31, 2016 and 2015.        
         
         

Forms 990

       
         
For Fiscal Year 2016        
For Fiscal Year 2015        
For Fiscal Year 2014        
For Fiscal Year 2013