Statement of Financial Position

AssetsJune 30, 2016
Cash and investments$81,348,951
Fixed assets and other assets$1,754,732
Total assets$83,103,683
Liabilities and Net Assets 
Accounts payable and accrued expenses$325,513
Grants payable$2,927,417
Total liabilities$3,252,930
Unrestricted net assets$79,850,753
Total net assets$79,850,753
Total liabilities and net assets$83,103,683

Statement of Activities and Change in Net Assets

 Year Ended
Support and RevenueJune 30, 2016
Investment income, net of expenses($4,007,675)
Total income($4,007,675)
Grants and Expenses 
Grant awards$2,128,969
Grant awards (refunds/adjustments)($283,299)
Special initiatives$981,230
Program and general administrative expenses$759,719
Total grants and expenses$3,586,619
Change in net assets  -$7,594,294
Net assets, beginning of fiscal year$87,445,047
Net assets, end of fiscal year$79,850,753

The above amounts are from the foundation's fiscal year 2016 audited financial statements. A copy of the foundation's audited financial statements is available upon request.