Financials

Statement of Financial Position
As of 12/31/2019

Assets
Investments at fair value $444,730,000
Current assets, primarily cash and equivalents
$2,795,000
Office equipment, net of depreciation
$21,000
.
Total Assets
$447,546,000
Liabilities and Net Assets
Grants payable, current
$2,000,000
Grants payable, long-term $4,768,000
Other liabilities
$3,852,000
Net assets without donor restrictions
$436,926,000
.
Total Liabilities and Net Assets
$447,546,000

Statement of Activities
Year ended 12/31/2019

Net investment income
$75,796,000
Expenses
Grants paid to nonprofit organizations
$20,069,000
Grant processing expenses
     $619,000
General and administrative
   $259,000
Total Expenses
 
$20,947,000
 
Net assets without donor restrictions
 
Net increase during the year

$54,849,000

Beginning of year $382,077,000
End of year $436,926,000

Audited Statements & Financials

2019 Audited Financial Statement
2018 Form 990
2018 Audited Financial Statement
2017 Form 990