Current Financials

2016(1) 2015(1)
Assets
Cash and Cash Equivalents 2,232,499 1,245,658
Common and Preferred Stock, Government and Corporate Bonds 137,849,244 106,535,155
TOTAL CURRENT ASSETS 140,081,743 107,780,813
Property and Equipment  (2)
Net Property and Equipment for Office and Charitable Purposes 3,826,541 3,886,026
Other 21,101 30,601
TOTAL ASSETS 143,929,385 111,697,440
LIABLITIES AND NET ASSETS
Current Liabilities 5,672 3,500
Net Assets – Unrestricted 143,923,713 111,693,940
TOTAL LIABILITIES AND NET ASSETS 143,929,385 111,697,440
REVENUES
Net Investment Income 39,767,117 (9,970,891)
Miscellaneous 63,312 93,811
TOTAL REVENUES 39,830,429 (9,877,080)
EXPENSES
Grants and Grant-related Expenses Paid 6,458,255 5,668,733
Administrative Expense 1,032,401 1,126,092
Tax 110,000 185,000
TOTAL EXPENSES 7,600,656 6,979,825
CHANGE IN NET ASSETS 32,229,773 (16,856,906)
NET ASSETS, BEGINNING 111,693,940 128,550,846
NET ASSETS, ENDING 143,923,713 111,693,940
(1) These Condensed financial statements were derived from the full financial statements for the years ended December 31, 2016 and December 31, 2015 respectively. They were prepared on a modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles and  were audited in accordance with generally accepted auditing standards.
(2) The Foundation is the owner of buildings and properties currently being occupied by various non-profit organizations as lessees.  These properties are used for educational and charitable purposes.