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2010 Financial Highights The Philadelphia Foundation Consolidated Statements of Financial Position ASSETS

Cash and Cash Equivalents

2010

2009

$17,094,037

Contributions Receivable Prepaid Expenses and Other Assets Total

$19,417,547

24,116,418

24,516,266

51,782

51.283

$41,262,237

$43,985,096

Non-Endowment Investments Equities

8,270,847

7,346,506

Fixed Income

6,340,435

5,616,007

Cash and Cash Equivalents

99,000

105,140

Total Non-Endowment Investments Endowment Investments Equities

14,710,282

13,067,653

123,519,871

123,487,223

67,571,405

68,284,231

Cash Surrender Value of Life Insurance

445,389

Fixed Income

Temporary Investments

Other

8,622,696 37,829,887

Total Endowment Investments Split-Interest Agreements

237,989,248

441,296 6,685,953 18,907,353 217,806,056

4,821,538

4,577,330

Property and Equipment 68,030 Total Assets 298,851,335

22,301

LIABILITIES AND NET ASSETS

2010

2009

Accounts Payable and Accrued Liabilities

$803,542

$993,572

Grants Payable

1,578,927

1,473,482

Liabilities Under Split-Interest Agreements

1,577,026

1,515,628

Liabilities Under Agency Accounts

5,907,410

4,939,500

268,098

285,017

LIABILITIES

Deferred Rent Total Liabilities

10,135,003

9,207,199

NET ASSETS Unrestricted For Grant Endowments For Grantmaking

224,816,024

206,949,730

28,275,069

26,843,406

For Administrative Endowment and Operations

3,918,634

4,255,750

Total Unrestricted

257,009,727

238,048,886

Temporarily Restricted

31,019,810

31,256,452

686,795

945,899

Permanently Restricted

Total Net Assets Total Liabilities and Net Assets

288,716,332

270,251.237

$298,851,335

$279,458,436

$279,458,436

INVESTMENT MANAGERS The endowment assets of TPF, Inc., are managed by: Eagle Capital Management, LLC Access Capital Strategies Forester Partners, LP American Funds Gryphon International Investment Corp. Armstrong Shaw Merrill Lynch William Blair & Co. Metropolitan Real Estate Equity Mgmt., LLC City of London Investment Mgmt. Perennial Capital Management, LLC Colchester Global Investors

Philadelphia International Advisors PIMCO Post Advisory Group The Investment Fund for Foundations (TIFF) Turner Investment Partners, Inc. The Vanguard Group

1234 Market Street I Suite 1800 I Philadelphia, PA 19107 I www.philafound.org I 215 563 6417


2010 Financial Highights The Philadelphia Foundation Consolidated Statements of Financial Activities Total for Year Ended Dec 31, 2010

REVENUE AND SUPPORT Gifts, Grants and Bequests

$8,672,106

7,069,231

Gain on Investments, Net

23,242,840

Investment Income

Total Revenue and Support 38,984,177

EXPENSES Grants

15,548,969

Investment Management and Trustee Fees

711,510

Grantmaking

631,654

Special Program Expenses

Development and Donor Services Financial Management

1,119,281

1,056,887

1,170,635

Marketing Total Expenses CHANGE IN NET ASSETS Net Assets - Beginning of Year

270,146 20,509,082 18,465,095 270,251,237

NET ASSETS - END OF YEAR $288,716,332

TRUSTEE INSTITUTIONS

INSTITUTIONAL PARTNERSHIPS

In establishing a fund, donors have the option of using TPF, Inc. as a trustee or one of seven trustee institutions:

American Funds Brown Brothers Harriman Merrill Lynch Community Charitable Fund

The Bryn Mawr Trust Company The Glenmede Trust Company BNY Mellon Pitcairn Trust Company PNC Bank, N.A. Wachovia/Wells Fargo Wilmington Trust of Pennsylvania

INDEPENDENT INVESTMENT CONSULTANT Colonial Consulting

The official registration and financial information of The Philadelphia Foundation may be obtained from the Pennsylvania Department of State by calling toll-free, within Pennsylvania, 1-800-732-0999. Registration does not imply endorsement. Information filed with the Attorney General concerning this charitable solicitation may be obtained from the Attorney General of the State of New Jersey by calling 973-504-6215. Registration with the Attorney General does not imply endorsement. This report presents only the highlights of our financial activities. The Foundation’s complete audited financial statements are available online at www. philafound.org. Select “About the Foundation” and then “Investment Management and Fund Information.” A public inspection copy of our Forms 990 and 990-T may be obtained during regular business hours.

1234 Market Street I Suite 1800 I Philadelphia, PA 19107 I www.philafound.org I 215 563 6417

2010 Financial Highights The Philadelphia Foundation  

2010 Financial Highights The Philadelphia Foundation

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