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 |
