foundation financials

The Educational Foundation financials are provided in an effort to maintain transparency and are managed by an external accounting firm, Fortiviti, under regular review by The Educational Foundation Treasurer Ron Brohammer. It is also audited on an annual basis. The Educational Foundation financials are for the 2021 and 2022 fiscal years.

AGR’s Investment Management Process includes the Investment Committee (which implements the policy approved by the Board and makes investment decisions). The Investment Committee meets at least four times a year. They retain professional investment management expertise which they use to review performance, evaluate investment managers and evaluate alternative investment approaches.

As a nonprofit organization, The Educational Foundation’s balance sheet is known as the Statement of Financial Position, and the income statement is known as a Statement of Activities