FINANCIAL INFORMATION 2008
STATEMENT OF ASSETS AND LIABILITIES
Year Ended December 31, 2008
Cash and Short-term Cash Investments
$16,384,386
Accounts and Other Receivables
$2,860,990
Marketable Securities at fair value
$86,168,649
Hedge Funds at fair value
$97,971,702
Mineral Interests at fair value
$15,414,760
Real Estate at fair value
Other Assets at fair value
$20,883,000
$104,837,529
$344,521,016

At December 31, 2008, the Foundation owed $9,018,000 on balance of unpaid grants.

Other liabilities totaled $1,916,972 including accounts payable.

Net income was $6,426,826 after payment of federal excise taxes of $93,617.

The distributable amount for grants is based on the market value of investment assets.