2012 Annual Report

Condensed Statement of Activity

 

 

REVENUES, GAINS AND OTHER SUPPORT

Year ended
June 30, 2012
Year ended
June 30, 2011

Contributions

$13,747,813

$8,354,387

Market Returns

(1,486,944)

24,104,648

Other Support

2,693,252

2,536,173

Total revenues, gains and other support

14,954,121

34,995,208

 

 

EXPENSES

 

University support

9,470,846

11,670,698

Fundraising and administrative services

4,902,301

5,179,539

Beneficiary payments and liability changes

368,881

339,151

Total operating expenses

14,742,028

17,189,388

Change in net assets

212,093

17,805,820

 

 

NET ASSETS

 

Beginning of year

147,294,250

129,488,430

 

 

END OF YEAR

$147,506,343

$147,294,250

Notes:
The Foundation was audited by Anderson ZurMuehlen and Co. P.C., and received an unqualified opinion on its financial statements. Investments are reported at market value as of June 30, 2012 and June 30, 2011. 

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