Statement of Assets, Liabilities, and Net Assets (Income Tax Basis)
June 30, 2021
| Assets | |
| Cash and temporary cash investments | $3,538,824 |
| Investments, at market value | |
| Real estate | $93,000,001 |
| Managed investments | $354,341,545 |
| Total investments | $447,341,546 |
| Prepaid expenses and other assets | $15,993 |
| Building, office furniture and equipment, net | $161,627 |
| Total Assets | $451,057,990 |
| Liabilities | |
| Security deposits and other liabilities | $3,089 |
| Total Liabilities | $3,089 |
| Net Assets | $451,054,901 |
| Total Liabilities & Net Assets | $451,057,990 |
Statement of Revenue, Expenses and Changes in Net Assets (Income Tax Basis)
Year Ended June 30, 2021
| Revenue | |
| Rental Income | $3,469,620 |
| Partnership Income | $291,498 |
| Interest & Dividends | $3,461,645 |
| Realized gain (losses) on equity investments | $8,698,368 |
| Other income/expenses, net | $-1,771,527 |
| Total Revenue | $13,566,608 |
| Expenses | |
| Grants paid | $19,695,301 |
| Operating and administrative expenses | $2,232,883 |
| Excise & income taxes | $582,398 |
| Total Expenses | $22,510,582 |
| Excess of Revenue over Expenses | $-8,943,974 |
| Net assets at June 30, 2021 | $415,145,664 |
| Direct entries to net assets | $44,853,211 |
| Net assets at June 30, 2021 | $451,054,901 |