| Assets | 2021 |
|---|---|
| Cash and Cash Equivalents | $13,948,707 |
| Investments | 294,356,096 |
| Investment Sales Receivable | 394,001 |
| Prepaid Expenses and Other Assets | 72,153 |
| Beneficial Interest in Charitable Remainder Trusts | 8,042,035 |
| Total Assets | 316,812,992 |
| Liabilities and Net Assets | |
| Liabilities: | |
| Accounts Payable and Accrued Expenses | $76,918 |
| Grants Payable | 13,297,140 |
| Total Liabilities | 13,374,058 |
| Net Assets: | |
| Without Donor Restrictions | 292,286,348 |
| With Donor Restrictions | 11,152,586 |
| Total Net Assets | 303,438,934 |
| Total Liabilities and Net Assets | $316,812,992 |
| Revenues and Gains (Losses) | 2021 |
|---|---|
| Net Assets – Beginning of Year: | $261,269,126 |
| Net Assets – End of Year: | $303,438,934 |
| Investment Return (Net) | $50,291,608 |
| Change in Value of Beneficial Interest in Charitable Remainder Trusts | 467,617 |
| Other Income | 270,644 |
| Total Revenues and Gains (Losses) | 51,029,869 |
| Expenses | |
| Program Services | 8,085,796 |
| Management and General | 774,265 |
| Total Expenses | 8,860,061 |
| Change in Net Assets | 42,169,808 |
| Assets | 2020 |
|---|---|
| Cash and Cash Equivalents | $12,435,280 |
| Investments | 260,295,666 |
| Program Related Investments | 600,000 |
| Prepaid Expenses and Other Assets | 24,497 |
| Beneficial Interest in Charitable Remainder Trusts | 7,574,418 |
| Total Assets | 280,929,861 |
| Liabilities and Net Assets | |
| Liabilities: | |
| Accounts Payable and Accrued Expenses | $44,750 |
| Grants Payable | 19,615,985 |
| Total Liabilities | 19,660,735 |
| Net Assets: | |
| Without Donor Restrictions | 253,694,708 |
| With Donor Restrictions | 7,574,418 |
| Total Net Assets | 261,269,126 |
| Total Liabilities and Net Assets | $280,929,861 |
| Revenues and Gains (Losses) | 2020 |
|---|---|
| Net Assets – Beginning of Year: | $223,773,454 |
| Net Assets – End of Year: | $261,269,126 |
| Investment Return (Net) | $40,982,350 |
| Change in Value of Beneficial Interest in Charitable Remainder Trusts | 894,344 |
| Other Income | 35,892 |
| Total Revenues and Gains (Losses) | 41,912,586 |
| Expenses | |
| Program Services | 3,841,387 |
| Management and General | 575,527 |
| Total Expenses | 4,416,914 |
| Change in Net Assets | 37,495,672 |