Financials

Statement of Financial Position
October 31, 2019

(in thousands)

ASSETS

Cash and Cash Equivalents $ 6,155
Interest and Dividends Receivable 52
Prepaid Federal Excise Taxes 1,109
Investments 1,219,199
Program-Related Investment 2,000
Land, Buildings and Equipment (Net) 2,768
Other Assets 1,021
TOTAL ASSETS $ 1,232,304

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses $ 1,026
Deferred Federal Excise Taxes 2,614
Grants Payable 22,551
TOTAL LIABILITIES 26,191

NET ASSETS

Unrestricted 1,206,113
TOTAL LIABILITIES AND NET ASSETS $ 1,232,304

Statement of Activities
Year Ended October 31, 2019
(in thousands)

REVENUE

Interest, Dividends and Other $ 26,868
Net Realized Gain on Investments 39,904
Change in Net Unrealized Gain on Investments 55,626
TOTAL REVENUE 122,398

EXPENSES AND GRANTS

Grants Approved (Net) 56,481
Investment Expenses 732
General and Administrative Expenses 3,810
Excise Tax Expense 1,363
TOTAL EXPENSES AND GRANTS 62,386
   
CHANGE IN UNRESTRICTED NET ASSETS 60,013
Unrestricted Net Assets – Beginning of Year 1,146,100
UNRESTRICTED NET ASSETS – END OF YEAR $ 1,206,113