|
For the year ending December 31, |
2011 |
2010 |
|||
|
Revenue: |
|
|
|
||
|
Investment Returns |
|
$413,189 |
$3,533,608 |
||
|
Contributions |
|
$2,000,000 |
- |
||
|
|
|
$2,413,189 |
$3,533,608 |
||
|
Expenses: |
|
|
|
||
|
Scholarships |
|
$1,000,500 |
$637,500 |
||
|
Operations |
|
$464,518 |
$452,258 |
||
|
|
$1,465,018 |
$1,089,758 |
|||
|
Excess of revenue over expenses for the year |
$948,171 |
$2,443,850 |
|||
|
NET ASSETS, beginning of year |
|
$39,642,115 |
$37,198,265 |
||
|
Excess of revenues over expenses |
$948,171 |
$2,443,850 |
|||
|
NET ASSETS, end of year |
|
$40,590,286 |
$39,642,115 |
||
Note: Download full copy of the Society's 2011 audited financial statements, including the Auditor's Report to members.
| Scholarship program | Original Endowment | Scholarships Funded | Funds Distributed | |
|---|---|---|---|---|
| 2011 | 2011 | To Date | ||
|
Ike Barber Transfer |
$15,000,000 |
94 |
$470,000 |
$2,135,000 |
|
International |
$13,000,000 |
139 |
232,000 |
957,000 |
|
Aboriginal |
$10,000,000 |
110 |
298,500 |
760,500 |
|
Total |
$38,000,000 |
343 |
$1,000,500 |
$3,852,500 |