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Financials

Statement of Financial Position

AssetsJune 30, 2017
Cash and investments
$88,160,033
Property, fixed assets and other assets
$2,404,390
Total assets
$90,564,423
  
Liabilities and Net Assets 
Accounts payable and accrued expenses
$372,437
Grants payable
$2,759,842
Total liabilities
$3,132,279
  
Unrestricted net assets
$87,432,144
Total net assets
$87,432,144
  
Total liabilities and net assets
$90,564,423
  

Statement of Activities and Change in Net Assets

 Year Ended
Support and RevenueJune 30, 2017
Investment income, net of expenses
$11,250,270
Total income
$11,250,270

Grants and Expenses
 
Grant awards
$2,081,909
Grant awards (refunds/adjustments)($272,623)   
Special initiatives
$795,131
Program and general administrative expenses
$1,064,462
Total grants and expenses
$3,668,879
Change in net assets  $7,581,391   
  
Net assets, beginning of fiscal year
$79,850,753
Net assets, end of fiscal year$87,432,144   
  


The above amounts are from the foundation's fiscal year 2017 unaudited financial statements.
A copy of the foundation's audited financial statements can be requested after December 14, 2017.