Financial Information
2007 Financial Information
Statement of assets and fund balance as of December 31, 2007
|
| Investment in marketable securities |
$64,732,387 |
| Cash and cash equivalent |
$979,660 |
| Other assets |
$53,205 |
| Total assets and fund balance |
$65,765,252 |
| Income |
$2,274,532 |
Expenditures 1 |
|
 Program |
|
| Grants 2 |
|
Clinical and Community Health |
$1,351,047 |
Donaghue Investigator |
$1,032,084 |
Practical Benefit Initiatives |
$2,880,126 |
| Subtotal |
$5,263,257 |
| Program Support |
$270,942 |
| |
|
| Management and General |
$675,664 |
| |
|
| Investment Management |
$107,489 |
| |
|
| Total Expenditures |
$6,317,352 |
| |
|
Note 1: In addition to this amount, the Foundation facilitated $5,916,220 in
research grants for foundations or other philanthropic sources.
Note 2: In addition to these expenditures, an estimated amount of up to
$58,793 has been earmarked for future spending in support of ongoing
grants. The figures listed above are unaudited. Fair market values are
approximate.
