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Consolidated Statements of Financial Position, December 31, 2012 and 2011 (in thousands)
ASSETS
ASSETS
2012
2011
Cash and cash equivalents
$
51,999
21,049
Investments
2,798,917
2,012,608
Contributions and grants receivable
7,773
6,903
Notes and other receivables, net
3,950
2,321
Beneficial interest in charitable remainder trusts
4,344
5,205
Property and equipment, net
33,805
33,674
Other assets
2,378
160
TOTAL ASSETS
$
2,903,166
2,081,920
LIABILITIES AND NET ASSETS
LIABILITIES
2012
2011
Grants payable
$
110,940
97,625
Accounts payable and accrued liabilities
3,892
2,104
Liabilities to beneficiaries from split interest agreements
34,046
32,034
Deposits held for others
93,105
84,200
TOTAL LIABILITIES
241,983
215,963
NET ASSETS
2012
2011
Unrestricted
$
2,517,947
1,730,303
Temporarily restricted
50,731
44,032
Permanently restricted
92,505
91,622
TOTAL NET ASSETS
$
2,661,183
1,865,957
TOTAL LIABILITIES AND NET ASSETS
$
2,903,166
2,081,920
Consolidated Statements of Activities, December 31, 2012 and 2011 (in thousands)
2012
2011
REVENUES AND SUPPORT
Unrestricted
Temporarily Restricted Permanently Restricted
TOTAL
TOTAL
Contributions
$
988,200
4,289
49
992,538
471,751
Investment income, net of investment fees of $7,684
and $9,246 in 2012 and 2011, respectively
18,735
-
-
18,735
18,727
Net realized gain on investments
35,977
-
-
35,977
51,619
Change in value of split interest agreements
-
(216)
612
396
94
Other income
4,982
-
-
4,982
3,812
Net assets released from restrictions
1,901
(2,123)
222
-
-
1,049,795
1,950
883
1,052,628
546,003
Unrealized gains (losses) on investments, net
66,087
4,749
-
70,836
(8,708)
TOTAL REVENUES AND SUPPORT
$
1,115,882
6,699
883
1,123,464
537,295
EXPENSES
Unrestricted
Temporarily Restricted Permanently Restricted
TOTAL
TOTAL
Grants awarded
$
293,996
-
-
293,996
238,199
OPERATING EXPENSES
Program
22,809
-
-
22,809
20,134
General and administrative
8,347
-
-
8,347
8,153
Development
3,086
-
-
3,086
2,714
TOTAL EXPENSES
$
328,238
-
-
328,238
269,200
CHANGE IN NET ASSETS
787,644
6,699
883
795,226
268,095
NET ASSETS, beginning of year
1,730,303
44,032
91,622
1,865,957
1,597,862
NET ASSETS, end of year
$
2,517,947
50,731
92,505
2,661,183
1,865,957
FINANCIAL STATEMENTS
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