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 |
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Summary of Financial Activities for the Year Ended
December 31, 2009
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| Changes in unrestricted net assets |
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| Revenues |
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Interest
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|
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|
453,772
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|
Dividends
|
|
|
|
764,721
|
|
Gain on investments
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|
|
|
11,951,672
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|
|
|
|
|
|
|
|
|
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$ |
13,170,165
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|
|
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| Expenses |
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Grants
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$
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1,847,950
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Investment
|
|
|
|
247,238
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|
General and administrative
|
|
|
781,162
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|
|
|
|
|
|
|
|
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$
|
2,876,350
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|
|
|
|
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| Increase in unrestricted net assets |
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|
10,293,815
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|
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| Unrestricted net assets, beginning of year |
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59,116,168
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|
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|
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| Unrestricted net assets, end of year |
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$
|
69,409,983
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Statement of Assets at December 31, 2009
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| Assets |
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Cash and cash equivalents
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$
|
4,699,576
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Investments
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|
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|
64,871,321
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Other
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|
|
|
35,057
|
|
|
|
|
|
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| Total assets |
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|
|
69,605,954
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|
|
|
|
|
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| Liabilities - Accrued expenses |
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|
195,971
|
| Unrestricted net assets |
|
$
|
69,409,983
|
|
|
|
|
|
|
| Total Liabilities and net assets |
|
$
|
69,605,954
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