Financials
Statement of Financial Position
| 2011 (Unaudited) | 2010 (Audited) | |
| Assets | ||
| Cash | 771,481 | 993,477 |
| Investments at Market | 126,057,784 | 110,840,257 |
| Prepaid expenses | 102,602 | 154,019 |
| Equipment at Net Book Value | 25,682 | 42,589 |
| Total Assets | 126,957,549 | 112,030,342 |
| Liabilities and Net Assets | ||
| Liabilities | ||
| Program grants payable | 2,899,689 | 2,774,989 |
| Accrued Expenses and Deferred Taxes | 538,217 | 480,997 |
| Total Liabilities | 3,437,906 | 3,255,986 |
| Net assets | 123,519,643 | 108,774,356 |
| Total Liabilities and Net Assets | 126,957,549 | 112,030,342 |
Statement of Activities and Changes in Net Assets
| Revenue | ||
| Investment Income Net of Fees and Taxes | 20,766,585 | 14,800,052 |
| Trust Fund Income | 274,405 | 231,652 |
| Contributions | 193,047 | 7,087,188 |
| Total Revenue | 21,234,037 | 22,118,892 |
| Expense | ||
| Program grants | 5,452,210 | 3,207,976 |
| Direct Charitable Expense | 199,811 | 198,285 |
| Administrative Expense | 836,729 | 852,076 |
| Total Expenses | 6,488,750 | 4,258,337 |
| Increase in Net Assets | 14,745,287 | 17,860,555 |
| Net assets, beginning of year | 108,774,356 | 90,913,801 |
| Net assets, end of year | 123,519,643 | 108,774,356 |