Financials

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