Financial Information
2009 Financial Information
Statement of assets and fund balance as of December 31, 2009
|
| Investment in marketable securities |
$54,107,805 |
| Cash and cash equivalent |
$306,318 |
| Other assets |
$58,598 |
| Total assets and fund balance |
$54,472,721 |
| Income |
$1,487,188 |
Expenditures |
|
 Program |
|
| Grants |
|
Clinical and Community Health |
$665,839 |
Donaghue Investigator |
$566,275 |
Practical Benefit Initiatives |
$1,611,612 |
Program for Research Leadership |
$547,700 |
| Subtotal |
$3,391,426 |
Program Support and Foundation administered projects |
$381,888
|
| Management and General |
$414,671 |
| |
|
| Investment Management |
$122,391 |
| |
|
| Total Expenditures |
$4,310,375 |
| |
|
Note 1: In addition to these expenditures, an estimated amount of up to $2,980,432 has been earmarked for future spending in support of ongoing grants. The figures listed above are unaudited. Fair market values are approximate.
Note 2: In addtiion to this amount, the Foundation facilitated $97,879 in research grants for foundations or other philanthropic sources
