Grant Distribution
Statement of Financial Position
| Dec. 31, 2021 | Dec. 31, 2020 | ||
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | $ | 422,000 | 655,000 |
| Accounts Receivable and Other Assets | 2,214,000 | 1,313,000 | |
| Marketable Securities | 34,706,000 | 31,049,000 | |
| Real Estate | 71,235,000 | 56,514,000 | |
| Other | 12,142,000 | 10,308,000 | |
| Total Assets | 120,719,000 | 99,839,000 | |
| Liabilities and Net Assets | |||
| Accrued Liabilities and Other Payables | 1,000 | 103,000 | |
| Net Assets | 120,718,000 | 99,736,000 | |
| Total Liabilities and Net Assets | $ | 120,719,000 | 99,839,000 |
Statement of Activities
| Dec. 31, 2021 | Dec. 31, 2020 | ||
|---|---|---|---|
| Revenue, Gains (Losses) and Other Income | |||
| Interest | $ | 6,000 | 7,000 |
| Dividends | 3,260,000 | 3,158,000 | |
| Income from Investment in Real Estate | 2,982,000 | 1,365,000 | |
| Realized Gain (Loss) on Sale of Investments | 834,000 | 657,000 | |
| Unrealized Gain (Loss) on Investments | 19,159,000 | (1,447,000) | |
| Income (Loss) from Other | 72,000 | 116,000 | |
| Total Revenue, Gains (Losses) and Other Income | 26,313,000 | 3,856,000 | |
| Expenses and Grants Paid | |||
| Administrative and Federal Excise Tax | 1,163,000 | 1,443,000 | |
| Grants Paid | 4,167,000 | 3,974,000 | |
| Total Expenses and Grants Paid | 5,330,000 | 5,417,000 | |
| Increase (Decrease) in Net Assets | 20,983,000 | (1,561,000) | |
| Net Assets at the Beginning of the Year | 99,736,000 | 101,297,000 | |
| Net Assets at the End of the Year | $ | 120,719,000 | 99,736,000 |