CLAUDE WORTHINGTON BENEDUM FOUNDATION
Annual Report 2011
2011 Financial Information
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The Foundation’s fiscal year corresponds to the calendar year. At the end of 2011, the market value of the Foundation’s investments, including cash, was $320,871,945. Grants authorized during the year totaled $15,102,393. The Foundation makes multi-year commitments, with payments scheduled over as many as five years. At year-end 2011, outstanding grant commitments totaled $2,649,500. The following indicates invested assets, and authorizations and payments of grants and program-related investments over the last five years.
Year
Investments Including Cash
Grants Authorized and Program-Related Investments*
Grant and Program-Related Investment Payments
2007 2008 2009
$ 443,810,770 $ 288,825,313 $ 340,177,241
$ 18,719,950 $ 21,458,369 $ 9,642,700
$ 20,068,200 $ 18,862,619 $ 13,724,700
2010 2011
$ 364,946,789 $ 320,871,945
$ 15,636,550 $ 15,102,393
$ 15,222,050 $ 15,710,050
*includes contingent grants
The Foundation maintains a diverse portfolio. The following table summarizes the cost and fair value of the Foundation’s investments as of December 31, 2011. In its audited financial statements and for the federal tax return, the Foundation reports investments at fair value: 2011
Cost
Fair Value
Short-term investments $ 507,830 $ 507,830 Domestic 34,416,070 37,600,962 International 43,222,855 50,188,233 Tactical asset allocation 10,993,967 10,859,214 Fixed income 30,308,442 32,051,897 Hedge funds 61,941,637 65,689,693 Real assets 46,196,356 45,208,028 Private limited partnerships
66,285,569
67,398,621
293,872,726 309,504,478 Program-related investments 4,072,745 4,072,745 297,945,471 313,577,223 Cash 7,294,722 7,294,722
$ 305,240,193
$ 320,871,945