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2013 Annual Financial Statements

Assets
Cash equivalents: $ 18,074
Investments in securities: $165,958,679
Dividends and interest receivable: $ 337,695
Other assets: $ 26,902
Total Assets: $ 166,341,350
Liabilities and Net Assets
Grants approved for future payment: $4,979,150
Accounts payable and accrued expenses: $188,139
Deferred excise taxes: $368,378
Total liabilities: $5,535,667
Net assets: $160,805,683
Total Liabilities and Net Assets $166,341,350
Statements of Activities
Gain (loss) from investments: $30,631,837
Investment related and other expenses: $(1,172,966)
Net gain(loss) from investments: $29,458,871
Grants approved: $6,797,967
Grant support: $1,157,182
Total grants approved / related expenses: $7,955,149
Net Gain (Loss) for the period $21,503,722