Financials

Statement of Financial Position
October 31, 2018

(in thousands)

ASSETS

Cash and Cash Equivalents $ 5,362
Interest and Dividends Receivable 65
Prepaid Federal Excise Taxes 215
Investments 1,158,132
Program-Related Investment 2,000
Land, Buildings and Equipment (Net) 2,870
Other Assets 912
TOTAL ASSETS $ 1,169,556

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses $ 921
Deferred Federal Excise Taxes 2,058
Grants Payable 20,477
TOTAL LIABILITIES 23,456

NET ASSETS

Unrestricted 1,146,100
TOTAL LIABILITIES AND NET ASSETS $ 1,169,556

Statement of Activities
Year Ended October 31, 2018
(in thousands)

REVENUE

Interest, Dividends and Other $ 24,325
Net Realized Gain on Investments 32,103
Change in Net Unrealized Gain on Investments (48,635)
TOTAL REVENUE 7,793

EXPENSES AND GRANTS

Grants Approved (Net) 43,307
Investment Expenses 946
General and Administrative Expenses 3,652
Excise Tax Expense 857
TOTAL EXPENSES AND GRANTS 48,762
   
CHANGE IN UNRESTRICTED NET ASSETS (40,969)
Unrestricted Net Assets – Beginning of Year 1,187,069
UNRESTRICTED NET ASSETS – END OF YEAR $ 1,146,100