Financials

Statement of Financial Position
October 31, 2016

ASSETS

Cash and Cash Equivalents $ 4,831,000
Interest and Dividends Receivable 94,000
Prepaid Federal Excise Taxes 703,000
Investments 1,057,480,000
Land, Buildings and Equipment (Net) 3,139,000
Other Assets 721,000
TOTAL ASSETS $ 1,066,968,000

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses $ 830,000
Deferred Federal Excise Taxes 1,918,000
Grants Payable 18,895,000
TOTAL LIABILITIES 21,643,000

NET ASSETS

Unrestricted 1,045,325,000
TOTAL LIABILITIES AND NET ASSETS $ 1,066,968,000

Statement of Activities
Year Ended October 31, 2016

REVENUE

Interest, Dividends and Other $ 21,922,000
Net Realized Gain on Investments 31,719,000
Change in Net Unrealized Gain on Investments (13,628,000)
TOTAL REVENUE 40,013,000

EXPENSES AND GRANTS

Grants Approved (Net) 45,406,000
Investment Expenses 1,258,000
General and Administrative Expenses 3,338,000
Excise Tax Expense 466,000
TOTAL EXPENSES AND GRANTS 50,468,000
   
CHANGE IN UNRESTRICTED NET ASSETS (10,455,000)
Unrestricted Net Assets – Beginning of Year 1,055,780,000
UNRESTRICTED NET ASSETS – END OF YEAR $ 1,045,325,000