Financials

Statement of Financial Position
October 31, 2017

(in thousands)

ASSETS

Cash and Cash Equivalents $ 6,045
Interest and Dividends Receivable 66
Prepaid Federal Excise Taxes 409
Investments 1,195,263
Program-Related Investment 2,000
Land, Buildings and Equipment (Net) 3,004
Other Assets 851
TOTAL ASSETS $ 1,207,638

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses $ 860
Deferred Federal Excise Taxes 2,544
Grants Payable 17,165
TOTAL LIABILITIES 20,569

NET ASSETS

Unrestricted 1,187,069
TOTAL LIABILITIES AND NET ASSETS $ 1,207,638

Statement of Activities
Year Ended October 31, 2017
(in thousands)

REVENUE

Interest, Dividends and Other $ 22,963
Net Realized Gain on Investments 114,122
Change in Net Unrealized Gain on Investments 62,632
TOTAL REVENUE 199,717

EXPENSES AND GRANTS

Grants Approved (Net) 51,170
Investment Expenses 1,231
General and Administrative Expenses 3,551
Excise Tax Expense 2,021
TOTAL EXPENSES AND GRANTS 57,973
   
CHANGE IN UNRESTRICTED NET ASSETS 141,744
Unrestricted Net Assets – Beginning of Year 1,045,325
UNRESTRICTED NET ASSETS – END OF YEAR $ 1,187,069