Financial Statements
Audit for 2010 
Form 990 for 2010 
Statement of Financial Position
As of 12/31/2010
| Investments at fair value |
$191,974,000
|
| Current assets, primarily cash and equivalents |
10,140,000
|
| Office equipment, net of depreciation |
19,000
|
| Total Assets |
$202,133,000
|
Liabilities and Net Assets
|
|
| Grants payable, current |
$ 200,000
|
| Grants payable, long-term |
0
|
| Other liabilities |
1,690,000
|
| Unrestricted Net Assets |
200,243,000
|
| Total Liabilities and Net Assets |
$202,133,000
|
Statement of Activities
Year ended 12/31/2010
Revenues
|
| Investment income |
$23,090,000
|
| Net capital gains (losses), realized and unrealized |
24,471,000
|
Total Revenues
|
$47,561,000
|
Expenses
|
| Grant |
$6,684,000
|
| Administrative |
552,000
|
| Investment |
657,000
|
| Federal excise tax (benefit) |
663,000
|
| Total Expenses |
$8,556,000
|
| Increase in Unrestricted Net Assets |
$39,005,000
|