Financial Resources as of December 31, 2010
Deferred gifts $775,650
Available for grants $108,000
Current total property assets are $645,000
Liabilities of $238,000
The Foundation also is beneficiary of deferred gifts of life insurance policies, gift annuities and charitable remainder unitrusts totaling $800,000. Figures above do not include equity in real estate acquired by the Foundation, which is handled through separate accounts. Current Total Property Account assets are $650,000 with liabilities of $348,000.
Note: The Foundation's Finance and Investment Committee, with the guidance of professional investment advisors, manages Foundation assets and ensures adherence to the Foundation's investment policies.
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The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.