Assets
Cash equivalents:
$ 16,966
Investments in securities:
$ 154,654,068
Dividends and interest receivable:
$ 536,779
Other assets:
$ 30,027
Total Assets = $ 155,237,840
Liabilities and Net Assets
Grants approved for future payment:
$ 7,084,805
Accounts payable and accrued expenses:
$ 120,773
Deferred excise taxes:
$ 160,783
Total liabilities:
$ 7,366,361
Net assets:
$ 147,871,479
Total Liabilities and Net Assets = $ 155,237,840
Statements of Activities
Gain (loss) from investments:
$ 11,218,740
Investment related and other expenses:
$ (712,062)
Net gain (loss) from investments:
$ 10,506,678
Grants approved:
$ 7,924,850
Grant support:
$ 856,092
Total grants approved / related expenses:
$ 8,780,942
Net Gain (Loss) for the period = $ 1,725,736