At the end of 2017, the total market value of the Foundation’s investment portfolio was $307,389,913, which represented an increase of $22.1 million over the market value at the end of 2016. Grants made for the fiscal year ended 2017 were $12,354,588, which represented an 18.9% increase compared to 2016’s $10,387,899. The Foundation makes multi-year commitments to its grantees. At the end of 2017, the outstanding grant commitments totaled $8,858,925. These payments will be made during the course of the next five years.
This chart represents an 18 year history of the growth in both the Foundation’s assets and grants. The Foundation’s auditors, Sisterson & Company, have provided financial statements which conform to generally accepted accounting principles. Readers who have an interest in this material may request it from the Foundation’s office.