As of December 31, 2019
Number of active funds 298
Number of donors served in 2019 960
Since inception in 1985
Cumulative contributions $31,439,881
Cumulative grants & scholarships $16,051,747
Cumulative number of donors served 7,757
Average annual returns, MGP net 8.57%
STATEMENT OF FINANCIAL POSITION ON DECEMBER 31, 2019
ASSETS
Cash and Cash Equivalents $790,076
Pledges and Other Receivables $12,283
Prepaid Expenses $16,139
Investments (Fair Market Value) $34,399,731
Property and Equipment, Net $435,255
Property Held for Sale $2,720
Beneficial Interest in Charitable-Remainder Trusts $129,503
Beneficial Interest in Life Insurance $170,534
Total Assets $35,956,241
LIABILITIES
Accounts Payable $2,553
Accrued Wages $22,174
Gift Annuities Payable $58,347
Long-Term Debt $112,252
Deferred Revenue $42,283
Total Liabilities $237,609
FINANCIAL ACTIVITY DURING THE YEAR ENDING December 31, 2019
SUPPORT AND REVENUE
Contributions, pledges, sponsorships, grants $1,417,512
Investment Returns $5,968,989
Building and other income $32,781
CRT and gift annuity change in value ($2,274)
Total support and revenue $7,417,008
EXPENSES
Grants, scholarships, projects (paid) $1,011,382
Program related expenses $213,606
Administrative expenses $235,412
Fundraising expenses $99,103
Investment fees $100,295
Total expenses $1,659,798
Beginning of the Year Total Assets: $30,682,584
End of the Year Total Assets: $35,956,241