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Ford Foundation - General »
Ford Foundation Annual Report 1971
Statement of
Income, Expenditures,
and Changes in
Fund Balance (ACCRUAL BASIS) FOR THE YEARS ENDED SEPTEMBER 30,
1971 AND 1970
|
1971 |
1970 |
|
|
(as restated) |
| Income |
|
|
| Dividends, including
$52,883,724 in fiscal 1971 and $60,557,165 in fiscal 1970 on Ford
Motor Company Class A stock |
$ 83,399,625 |
$ 89,251,478 |
| Interest |
55,479,054 |
52,999,089 |
|
138,878,679 |
142,250,567 |
| Realized gain (loss) on
disposition of investments (Note 1) |
|
|
| Ford Motor Company Class A
stock |
53,998,059 |
(401,198) |
| Other investments |
2,437,975 |
(34,935,322) |
|
195,314,713 |
106,914,047 |
| Less-Expenses incurred in
the production of income |
2,690,182 |
1,475,212 |
| Provision for federal
excise tax (Note 4) |
9,400,000 |
|
|
12,090,182 |
1,475,212 |
|
183,224,531 |
105,438,835 |
| Expenditures |
|
|
| Grants approved |
|
|
| To organizations |
178,458,706 |
192,475,943 |
| To individuals |
6,706,152 |
7,082,480 |
| Foundation managed
charitable activities |
10,247,437 |
10,349,569 |
| Program management (Note
3) |
18,343,043 |
17,650,146 |
| Provision for possible
losses on program related investments |
3,200,421 |
1,766,500 |
|
216,955,759 |
229,324,638 |
| General management (Note
3) |
8,140,063 |
7,443,643 |
|
225,095,822 |
236,768,281 |
| Excess of expenditures
over income |
(41,871,291) |
(131,329,446) |
| Unrealized appreciation
(depreciation) on investments |
|
|
| (Note 1) |
|
|
| Ford Motor Company Class A
stock |
300,140,419 |
204,375,456 |
| Other investments |
221,715,700 |
(88,211,472) |
|
521,856,119 |
116,163,984 |
| Increase (decrease) in
fund balance during the year |
479,984,828 |
(15,165,462) |
| Fund balance at
beginning of year (Note 1) |
2,556,023,292 |
2,571,188,754 |
| Fund balance at end of
year (Note 1) |
$3,036,008,120 |
$2,556,023,292 |
For notes
to financial statements, see page 99.