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Ford Foundation Annual Report 1966







Income Fund Statement for the year ended September 30, 1966

Income
Dividends, including $89,361,502 on Ford Motor Company Class A Stock $102,891,586
Interest 54,937,377
$157,828,963
Less—Investment expenses 388,227
Total—Income $157,440,736
Grants, Projects, and Expenses
Grants and Project Expenditures
Grants approved (pages 68-114) $341,627,172
Project expenditures (pages 115-117) 12,379,358 $354,006,530
Administrative Expenses
Program administration $4,379,465
General administration 3,771,108 8,150,573
Total—Grants, projects, and expenses $362,157,103
Excess of grants, projects, and expenses over income
Current year $(204,716,367)
Prior years (847,535,598)
Cumulative excess of grants, projects, and expenses over income from establishment (1936) to September 30, 1966 ($1,052,251,965)