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Financial Statements
Balance Sheet
(As of June 30, 2001)
| Assets |
|
Cash and equivalents |
$ 17,606 |
|
Investments, at fair value (See Note 1) |
36,169,544
 |
Total Assets
|
$ 36,187,150
 |
Liabilities and Net Assets
|
Liabilities |
|
|
Grants Payable |
3,749,334 |
| |
Accrued Expenses & Other Liabilities |
29,728
|
| |
Total Liabilities |
3,779,062
|
| |
|
|
|
Total Net Assets |
32,408,088
|
| Total Liabilities and Net Assets |
$ 36,187,150
|
Statement of Activities
(For the year ended June 30, 2001)
Revenue
|
Contributions - Internet Giving Foundation |
$ 465,506 |
|
Interest and Dividend Income |
142,960 |
| |
Net Realized Gain (Loss) on Investments |
(19,403,977) |
| |
Net Unrealized Gain (Loss) on Investments |
(16,477,493)
|
|
Total Revenue |
(35,273,004)
|
Expenses
|
Grants Authorized (See Note 2) |
4,825,830 |
|
Grants Authorized - Internet Giving Foundation |
465,506 |
| |
CFSV Support Fee (See Note 3) |
430,243 |
| |
Administration |
711,271
|
|
Total Expenses |
6,432,849
|
| Change in Net Assets |
(41,705,854) |
| Beginning Net Assets |
74,113,941
|
| Ending Net Assets, June 30, 2001 |
$ 32,408,088
|
Note 1: This includes $628,755 in venture capital funds and an investment in LearnNow, Inc.
Note 2: This includes multi-year grants awarded but not yet fully disbursed.
Note 3: Fee to Community Foundation Silicon Valley as a supporting organization.
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