Assets
Cash equivalents:
$ 70,645
Investments in securities:
$ 159,975,585
Dividends and interest receivable:
$ 676,897
Other assets:
$ 126,388
Total Assets = $ 160,849,515
Liabilities and Net Assets
Grants approved for future payment:
$ 11,264,032
Accounts payable and accrued expenses:
$ 103,418
Deferred excise taxes:
$ 175,571
Total liabilities:
$ 11,543,021
Net assets:
$ 149,306,494
Total Liabilities and Net Assets = $ 160,849,515
Statements of Activities
Gain (loss) from investments:
$ 13,247,924
Investment related and other expenses:
$ (889,368)
Net gain (loss) from investments:
$ 12,358,556
Grants approved:
$ 10,949,495
Grant support:
$ 900,772
Total grants approved / related expenses:
$ 11,850,267
Net Gain (Loss) for the period = $ 508,289