Financials

Statement of Financial Position
October 31, 2019

(in thousands)

ASSETS

Cash and Cash Equivalents $ 6,155
Interest and Dividends Receivable 52
Prepaid Federal Excise Taxes 1,109
Investments 1,219,199
Program-Related Investment 2,000
Land, Buildings and Equipment (Net) 2,768
Other Assets 1,021
TOTAL ASSETS $ 1,232,304

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses $ 1,026
Deferred Federal Excise Taxes 2,614
Grants Payable 22,551
TOTAL LIABILITIES 26,191

NET ASSETS

Net Assets Without Donor Restrictions 1,206,113
TOTAL LIABILITIES AND NET ASSETS $ 1,232,304

Statement of Activities
Year Ended October 31, 2019
(in thousands)

REVENUE

Investment Return (Net) $ 121,509

EXPENSES

Program Services 58,454
Management and General 3,042
TOTAL EXPENSES 61,496
   
CHANGE IN NET ASSETS 60,013
Net Assets – Beginning of Year 1,146,100
NET ASSETS – END OF YEAR $ 1,206,113