Statement of Assets, Liabilities, and Net Assets (Income Tax Basis)
June 30, 2022
| Assets | |
| Cash and temporary cash investments | $2,875,384 |
| Investments, at market value | |
| Real estate | $93,000,001 |
| Managed investments | $281,373,367 |
| Total investments | $374,373,368 |
| Prepaid expenses and other assets | $15,993 |
| Building, office furniture and equipment, net | $157,692 |
| Total Assets | $377,422,437 |
| Liabilities | |
| Security deposits and other liabilities | $5,349 |
| Total Liabilities | $5,349 |
| Net Assets | $377,417,082 |
| Total Liabilities & Net Assets | $377,422,437 |
Statement of Revenue, Expenses and Changes in Net Assets (Income Tax Basis)
Year Ended June 30, 2022
| Revenue | |
| Rental Income | $3,469,620 |
| Partnership Income | $1,980,555 |
| Interest & Dividends | $3,261,795 |
| Realized gain (losses) on equity investments | $18,463,786 |
| Other income/expenses, net | $-1,871,551 |
| Total Revenue | $25,304,207 |
| Expenses | |
| Grants paid | $19,355,007 |
| Operating and administrative expenses | $2,856,443 |
| Excise & income taxes | $744,017 |
| Total Expenses | $22,955,467 |
| Excess of Revenue over Expenses | $2,348,740 |
| Net assets at June 30, 2021 | $451,054,091 |
| Direct entries to net assets | $-75,986,553 |
| Net assets at June 30, 2021 | $377,417,088 |