SUMMARY FINANCIAL INFORMATION

December 31, 2010
       
    Book Tax
    Value Value
       
NET ASSETS    
  Cash in Bank $215,575 $215,575
  Receivables 2,161,515 2,161,515
       
  Investments:    
  Short Term Investments 43,541,722 43,541,722
  Marketable Securities 345,045,794 345,045,794
  Private Equity 14,419,505 14,419,505
  Real Estate, net of depreciation 38,598,921 38,598,921
       
  Property and Equipment (Net) 12,179,775 27,547,077
       
  Prepaid Expense - -
       
  TOTAL ASSETS $456,162,807 $471,530,109
       
  Liabilities (19,549,024)  
       
  NET ASSETS $436,613,783  
       
       
CHANGES IN NET ASSETS    
       
  Balance, at January 1, 2010 $407,464,347  
       
  Contributions 3,316,427  
       
  Investment Activity    
  Interest and Dividends 11,255,460  
  Net Realized and Unrealized    
  Gains (Losses) on Investments 34,130,285  
  Other 201,794  
  Investment Expenses (1,730,520)  
  Provision for Excise Tax (647,683)  
       
  Program Activity    
  Grants Approved (Present Value) (10,212,262)  
  Community Stewardship Programs (4,998,791)  
       
  General and Administration (2,233,798)  
  Adjustment to adopt new pension and    
  retirement rules (FASB 158) 68,524  
       
  Balance, at December 31, 2010 $436,613,783  

 

Complete audited financial statements with accompanying notes are available. Kundinger, Corder and Engle, P.C. provides audit services to the Foundation.