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Ford Foundation Annual Report 1971
Statement of Changes in
Financial Position FOR THE YEARS ENDED SEPTEMBER 30, 1971 AND
1970
|
1971 |
1970 |
|
|
(as restated) |
| Sources of
cash |
|
|
| Dividends and
interest |
$ 134,253,759 |
$ 140,946,890 |
| Less-Expenses incurred in
the production of income |
2,605,456 |
1,475,212 |
|
131,648,303 |
139,471,678 |
| Uses of cash |
|
|
| Payments related to
program activities |
|
|
| Grant payments |
232,970,506 |
246,699,617 |
| Foundation managed
charitable activities |
10,122,311 |
9,996,614 |
| Program management
expenses |
17,719,147 |
17,626,338 |
| General management
expenses |
7,472,519 |
6,877,903 |
| Program related
investments |
4,951,801 |
3,710,580 |
| Securities acquired under
purchase-resale agreements |
26,500,000 |
2,005,431 |
| Increase (decrease) in
cash balances |
2,364,003 |
(2,671,256) |
| Other (net) |
3,081,299 |
4,089,111 |
|
305,181,586 |
288,334,338 |
| Net disposition of
securities to meet cash requirements |
$ 173,533,283 |
$
148,862,660 |
| Consisting of |
|
|
| Proceeds on disposition of
Ford Motor Company Class A stock |
$ 348,385,038 |
$ 144,199,256 |
| Proceeds on the
disposition of other investments |
1,369,886,140 |
481,083,958 |
|
1,718,271,178 |
625,283,214 |
| Purchase of
investments |
1,544,737,895 |
476,420,554 |
|
$ 173,533,283 |
$
148,862,660 |
For notes
to financial statements, see page 99.