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 |
