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Ford Foundation Annual Report 1959
Principal Fund Statement
For the Year Ended September 30, 1959
| Principal Fund Balance at
September 30, 1958 |
|
$937,271,395 |
| Excess of net proceeds of
sale of 2,058,500 shares of Ford Motor Company stock over the
carrying value at September 30, 1958 |
$94,097,376 |
|
| Excess of net proceeds of
sales over carrying value of stock of Ford Motor Company, Ltd.
(England) |
1,407,480 |
|
| Excess of carrying value
over net proceeds of sales of other securities |
(1,006,811) |
|
| Excess of appraised value
over the carrying value and closing expenses of real estate
conveyed as a grant |
1,129,297 |
|
| Increase arising from
adjustment authorized by the Board of Trustees in the carrying
value as of September 30, 1959, of 34,073,739 shares of Ford Motor
Company Class A stock from $9 to $39 per share representing the
approximate stockholders' equity per share as indicated by the
December 31, 1958, financial statements of the Company |
1,022,212,170 |
1,117,839,512 |
| Principal Fund Balance at
September 30, 1959 |
|
$2,055,110,907 |
| Summary of Fund
Balances |
|
|
| Principal Fund, as
above |
|
$2,055,110,907 |
| Excess of grants,
projects, and expenses over income from inception to September 30,
1959 (page 100) |
|
(352,884,250) |
|
|
1,702,226,657 |
| Appropriated for future
grants and projects |
|
(51,625,180) |
| Balances at September 30,
1959 |
|
$1,650,601,477 |