|
| Years ended June 30, |
2007 |
2006 |
Unrestricted revenue
|
| Dividend income |
$ 734,030 |
$ 715,161 |
| Realized gains on investments |
2,643,122 |
1,219,152 |
| Unrealized gains on investments |
2,027,687 |
1,939,717 |
| Other income |
292 |
90,186 |
| Contributed goods |
— |
98,786 |
| Total unrestricted revenue |
5,405,131 |
4,063,002 |
Unrestricted expenses
|
| Grants to charitable organizations |
1,989,234 |
11,588,424 |
| Program services |
367,311 |
473,175 |
| Administrative and general |
471,166 |
710,838 |
| Total unrestricted expenses |
2,827,711 |
12,772,437 |
| Net increase (decrease) in unrestricted net assets |
2,577,420 |
(8,709,435) |
| Unrestricted net assets at beginning of year |
24,884,248 |
33,593,683 |
| Unrestricted net assets at end of year |
$ 27,461,668 |
$ 24,884,248 |
|