Financials from Fiscal Year 2013

Statement of Financial Position

AssetsJune 30, 2013
Cash and investments$87,699,695
Fixed assets and other assets$145,589
Total Assets$87,845,284
Liabilities and Net Assets 
Accounts payable and accrued expenses$196,612
Grants payable$3,978,162
Total Liabilities$4,174,774
Unrestricted Net assets$83,670,510
Total Net Assets$83,670,510
Total Liabilities and net assets$87,845,284



Statement of Activities and Change in Net Assets

 Year Ended
Support and RevenueJune 30,2013
Investment income, net of expenses$8,155,450
Total Income$8,155,450
Grants and Expenses 
Grant awards$2,611,450
Grant awards (refunds/adjustments)($225,597)
Special initiatives$615,092
Program and general administrative expenses$832,745
Total grants and expenses$3,833,690
Change in net assets$4,321,760
Net assets, beginning of year$79,348,750
Net assets, end of year$83,670,510


The above amounts are from the foundation's fiscal year 2013 audited financial statements. A copy of the foundation's audited financial statements is available upon request.