Grant Distribution
Statement of Financial Position
| Dec. 31, 2024 | Dec. 31, 2023 | ||
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | $ | 3,000,000 | 1,583,000 |
| Accounts Receivable and Other Assets | 6,326,000 | 1,282,000 | |
| Marketable Securities | 44,183,000 | 36,325,000 | |
| Real Estate | 65,625,000 | 71,625,000 | |
| Other | 13,120,000 | 15,714,000 | |
| Total Assets | 132,254,000 | 126,529,000 | |
| Liabilities and Net Assets | |||
| Accrued Liabilities and Other Payables | 32,000 | 8,000 | |
| Net Assets | 132,222,000 | 126,521,000 | |
| Total Liabilities and Net Assets | $ | 132,254,000 | 126,529,000 |
Statement of Activities
| Dec. 31, 2024 | Dec. 31, 2023 | ||
|---|---|---|---|
| Revenue, Gains (Losses) and Other Income | |||
| Interest | $ | 8,000 | 4,000 |
| Dividends | 1,945,000 | 2,273,000 | |
| Realized Gain (Loss) on Sale of Investments | 9,736,000 | 2,927,000 | |
| Income from Investment in Real Estate | 7,409,000 | 3,502,000 | |
| Unrealized Gain (Loss) on Investments | (7,263,000) | (2,700,000) | |
| Income (Loss) from Other | 821,000 | 1,083,000 | |
| Total Revenue, Gains (Losses) and Other Income | 12,656,000 | 7,089,000 | |
| Expenses and Grants Paid | |||
| Administrative and Federal Excise Tax | 1,075,000 | 1,075,000 | |
| Grants Paid | 5,876,000 | 5,089,000 | |
| Total Expenses and Grants Paid | 6,955,000 | 6,164,000 | |
| Increase (Decrease) in Net Assets | 5,701,000 | 925,000 | |
| Net Assets at the Beginning of the Year | 126,521,000 | 125,596,000 | |
| Net Assets at the End of the Year | $ | 132,222,000 | 126,521,000 |