Financials

Statement of Financial Position
As of 12/31/2018

Assets
Investments at fair value $386,631,000
Current assets, primarily cash and equivalents
4,813,000
Office equipment, net of depreciation
17,000
.
Total Assets
$391,461,000
Liabilities and Net Assets
Grants payable, current
$425,000
Grants payable, long-term 4,617,000
Other liabilities
4,342,000
Net assets without donor restrictions
382,077,000
Total Liabilities and Net Assets
$391,461,000

Statement of Activities
Year ended 12/31/2018

Net investment income
$50,287,000
Expenses
Grants paid to nonprofit organizations
$14,177,000
Grant processing expenses
     607,000
General and administrative
   223,000
      
Total Expenses
 
$15,007,000
 
Net assets without donor restrictions
 
 
Net increase during the year

35,280,000
Beginning of year 346,797,000
End of year 382,077,000

Audited Statements & Financials

2018 Audited Financial Statement
2017 Form 990