| STATEMENT OF FINANCIAL POSITION | ASSETS | JUNE 30, 2009 | |
|---|
| Cash and investments | $82,063,841 | | | Fixed assets and other assets | $103,275 | | | | | Total Assets | $82,167,116 | | |
| Liabilities and Net Assets | | |
|---|
| Accounts payable and accrued expenses | $128,244 | | | Grants payable | $3,294,592 | | | | Total Liabilities | $3,422,836 | |
| Unrestricted Net assets | $78,744,280 | | | | Total Net Assets | $78,744,280 | | | | Total Liabilities and net assets | $82,167,116 | | |
STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS | SUPPORT AND REVENUE | Year Ended June 30, 2009 | |
|---|
| Investment income, net of expenses | ($19,215,499) | | | | Total Income | ($19,215,499) | |
| GRANTS AND EXPENSES | | |
|---|
| Grant awards | $2,459,768 | | | Grant awards (refunds/adjustments) | ($106,597) | | | Special initiatives | $919,343 | | | Program and general administrative expenses | $570,877 | | | | Total grants and expenses | $3,843,391 | | | Change in net assets | -$23,058,890 | |
|---|
| Net assets, beginning of year | $101,803,170 | | | Net assets, end of year | $78,744,280 | |
|---|
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The above amounts are from the foundation's Fiscal Year 2009 audited financial statements. A copy of the foundation's audited financial statements is available upon request. |
