Financials

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