SUMMARIZED FINANCIAL INFORMATION
STATEMENTS OF ACTIVITIES
| December 31, 2009 and 2008 |
(in thousands) |
|
2009 |
2008 |
| Revenues |
|
|
| Dividends and interest |
$ |
21,558 |
$ |
30,728 |
| Public donations |
|
14,009 |
|
22,058 |
| Realized gain/(loss) |
$ |
(37,983) |
$ |
(8,861) |
| Golf, park and museum operations |
|
6,365 |
|
6,513 |
| Other |
|
180 |
|
311 |
| Total revenues |
$ |
4,129 |
$ |
50,749 |
| Expenses |
|
|
|
|
| Grants approved |
$ |
42,506 |
$ |
57,808 |
| Operating expenses |
|
29,694 |
|
30,972 |
| Depreciation expense |
|
6,116 |
|
10,209 |
| Total expenses |
|
78,316 |
|
98,989 |
| Unrealized Gain (Loss) on Investments |
|
227,751 |
|
(209,596) |
| Change in Permanently Restricted Assets |
|
0 |
|
(4) |
| Change in net assets |
|
153,564 |
|
(257,840) |
| Beginning Net Assets |
|
1,108,208 |
|
1,366,048 |
| Ending Net Assets |
$ |
1,261,772 |
$ |
1,108,208 |