Statement of Financial Position
October 31, 2021
(in thousands)
ASSETS
Cash and Cash Equivalents |
$ |
6,301 |
Interest and Dividends Receivable |
41 |
Prepaid Federal Excise Taxes |
764 |
Investments |
1,507,714 |
Program-Related Investment |
2,000 |
Land, Buildings and Equipment (Net) |
2,519 |
Other Assets |
1,517 |
TOTAL ASSETS |
$ |
1,520,856
|
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts Payable and Accrued Expenses |
$ |
1,826 |
Deferred Federal Excise Taxes |
6,894 |
Grants Payable |
27,439 |
TOTAL LIABILITIES |
36,159 |
NET ASSETS
Net Assets Without Donor Restrictions |
1,484,697 |
TOTAL LIABILITIES AND NET ASSETS |
$ |
1,520,856 |
Statement of Activities
Year Ended October 31, 2021
(in thousands)
REVENUE
Investment Return (Net) |
$ |
366,726 |
EXPENSES
Program Services |
68,872 |
Management and General |
7,054 |
TOTAL EXPENSES |
75,926 |
|
|
CHANGE IN NET ASSETS |
290,800 |
Net Assets – Beginning of Year |
1,193,897 |
NET ASSETS – END OF YEAR |
$ |
1,484,697 |