2009 Statement of Financial Position

	For The Years Ended December 31,
	2009	2008
ASSETS
Cash	$ 962,925	$ 529,280
Interest receivable and other current assets	34,875	30,303
Investment liquidation withdrawal receivable	2,378,459	--
Investments - at fair value	82,130,251	70,098,758
Furniture and equipment (net of accumulated depreciation of $115,708 in 2009 and $105,481 in 2008)	72,297	58,957
Total Assets	$85,578,807	$70,717,298

LIABILITIES AND UNRESTRICTED NET ASSETS
Liabilities
Grants payable	$ 2,504,960	$ 3,644,150
Accounts payable and accrued liabilities	18,111	41,907
Total Liabilities	$ 2,523,071	$ 3,686,057

Unrestricted Net Assets
Designated for grants	$1,564,912	$1,217,648
Designated for challenge endowment escrow	3,662,274	4,201,995
Designated for endowment	77,828,550	61,611,598
Total Unrestricted Net Assets	$83,055,736	$ 67,031,241

Total Liabilities And Unrestricted Net Assets	$82,578,807	$70,717,298

2009 Statement of Activities

	For The Years Ended December 31,
	2009	2008
CHANGES IN UNRESTRICTED NET ASSETS
Revenue and Support
Earnings on investments, net	$ 1,809,545	$ 1,975,905
Other	208,138	33,872
Total Revenue And Support	$ 2,017,683	$ 2,009,777


Expenses
Grants	3,034,792	3,892,079
Program Services	136,675	206,681
Administration	384,880	477,757
Total Expenses	$ 3,556,347	$ 4,576,517


Excess of Expenses Over Revenue and Support Before Net Appreciation In Fair Value of Investments	(1,538,664)	(2,566,740)

Net Appreciation In Fair Value of Investments	17,563,159	(35,435,325)

Increase In Unrestricted Net Assets	16,024,495	(38,002,065)

Unrestricted Net Assets - Beginning Of Year	$ 67,031,241	$ 105,033,306

Unrestricted Net Assets - End Of Year	$83,055,736	$67,031,241

A full copy of the Foundation's audit can be viewed at the Foundation office.