Statement of Financial Position

AssetsJune 30, 2015
Cash and investments$90,493,806
Fixed assets and other assets$206,275
Total assets$90,700,081
Liabilities and Net Assets 
Accounts payable and accrued expenses$291,370
Grants payable$2,963,664
Total liabilities$3,255,034
Unrestricted net assets$87,445,047
Total net assets$87,445,047
Total liabilities and net assets$90,700,081

Statement of Activities and Change in Net Assets

 Year Ended
Support and RevenueJune 30, 2015
Investment income, net of expenses($1,018,961)
Total income($1,018,961)
Grants and Expenses 
Grant awards$2,327,245
Grand awards (refunds/adjustments)($186,567)
Special initiatives$728,457
Program and general administrative expenses$785,779
Total grants and expenses$3,654,914
Change in net assets  - $4,673,875
Net assets, beginning of fiscal year$92,118,922
Net assets, end of fiscal year$87,445,047

The above amounts are from the foundation's fiscal year 2015 audited financial statements. A copy of the foundation's audited financial statements is available upon request.