Statement of Assets, Liabilities, and Net Assets (Income Tax Basis)
June 30, 2023
| Assets | |
| Cash and temporary cash investments | $2,845,894 |
| Investments, at market value | |
| Real estate | $93,000,001 |
| Managed investments | $299,976,281 |
| Total investments | $392,976,282 |
| Prepaid expenses and other assets | $15,993 |
| Building, office furniture and equipment, net | $158,206 |
| Total Assets | $395,996,375 |
| Liabilities | |
| Security deposits and other liabilities | $11,235 |
| Total Liabilities | $11,235 |
| Net Assets | $395,985,140 |
| Total Liabilities & Net Assets | $395,996,375 |
Statement of Revenue, Expenses and Changes in Net Assets (Income Tax Basis)
Year Ended June 30, 2023
| Revenue | |
| Rental Income | $3,859,923 |
| Partnership Income | $4,158,149 |
| Interest & Dividends | $3,752,074 |
| Realized gain (losses) on equity investments | $5,650,414 |
| Other income/expenses, net | $-1,706,358 |
| Total Revenue | $15,714,202 |
| Expenses | |
| Grants paid | $19,088,139 |
| Operating and administrative expenses | $3,882,943 |
| Excise & income taxes | $1,768,319 |
| Total Expenses | $24,739,401 |
| Excess of Revenue over Expenses | $-9,025,199 |
| Net assets at June 30, 2022 | $377,417,088 |
| Direct entries to net assets | $27,593,251 |
| Net assets at June 30, 2023 | $395,985,140 |