Statement of Financial Position
October 31, 2020
(in thousands)
ASSETS
Cash and Cash Equivalents |
$ |
6,539 |
Interest and Dividends Receivable |
32 |
Prepaid Federal Excise Taxes |
827 |
Investments |
1,206,886 |
Program-Related Investment |
2,000 |
Land, Buildings and Equipment (Net) |
2,644 |
Other Assets |
1,120 |
TOTAL ASSETS |
$ |
1,220,048
|
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts Payable and Accrued Expenses |
$ |
1,335 |
Deferred Federal Excise Taxes |
3,588 |
Grants Payable |
21,228 |
TOTAL LIABILITIES |
26,151 |
NET ASSETS
Net Assets Without Donor Restrictions |
1,193,897 |
TOTAL LIABILITIES AND NET ASSETS |
$ |
1,220,048 |
Statement of Activities
Year Ended October 31, 2020
(in thousands)
REVENUE
Investment Revenue and Gains |
$ |
51,061 |
EXPENSES
Grants Approved |
57,105 |
Investment Expenses |
690 |
Administrative Expenses |
3,876 |
Provision for Federal Excise Tax |
1,606 |
TOTAL EXPENSES |
63,277 |
|
|
CHANGE IN NET ASSETS |
(12,216) |
Net Assets – Beginning of Year |
1,206,113 |
NET ASSETS – END OF YEAR |
$ |
1,193,897 |