About

Financial Report


The Foundation’s investment portfolio had appreciated to approximately $560 million at the end of 2014. Spending for grants, administrative expenses, and taxes totaled $24 million. Total return on the investments, income plus realized and unrealized capital gains, was about 6 percent. Audited financial statements were not completed in time for this printing, but will be available on the Foundation’s website.

The Foundation’s investment objective continues to be securing maximum long-term total return on its investment portfolio in order to maintain a strong grants program, while assuring consistent growth of its assets at a level greater than the rate of inflation. We are pleased that the Foundation was able to preserve and enhance the real value of its endowment over the past 27 years.

For the full finance report please see our 2014 Annual Report.