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 |
