COMBINED STATEMENTS OF ASSETS, LIABILITIES AND NET ASSETS (MODIFIED CASH BASIS) DECEMBER 31, 2005 AND 2004 CHANGES IN NET ASSETS
2005
2004
$52,410,181
$20,593,437
4,972,851
3,448,918
Fees assessed on agency deposits
87,846
79,881
Other receipts
58,968
39,539
57,529,846
24,161,775
20,356,664
17,335,387
1,962,414
1,803,498
394,050
363,523
RECEIPTS: Donations and bequests Interest, dividends, and other investment income
Total receipts DISBURSEMENTS: Grants Executive office operations Trustee banks’ and investment management fees Brokerage fees Other disbursements Total disbursements RECEIPTS OVER DISBURSEMENTS BEFORE NET REALIZED AND UNREALIZED GAINS NET REALIZED AND UNREALIZED GAINS INCREASE IN NET ASSETS
72,009
83,997
143,721
187,772
22,928,858
19,774,177
34,600,988
4,387,598
5,785,878
9,529,083
40,386,866
13,916,681
NET ASSETS:
BEGINNING OF YEAR END OF YEAR
174,611,561
160,694,880
$214,998,427
$174,611,561
These numbers do not include the consolidation of two supporting organizations, The Millennium Fund and The Partners for Homeownership, Inc. If you would like a complete copy of the 2005 audited financial statements, please contact J. Todd Slate, Vice President, Finance and Administration at (336) 725-2382, or e-mail your request to todd.slate@wsfoundation.org, or visit our web site at www.wsfoundation.org.
THE WINSTON-SALEM FOUNDATION O V E RV I E W [ 1 4 – 1 5 ]