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Ford Foundation - General »
Ford Foundation Annual Report 1990
Statement of Income, Expenditures, and
Changes in Fund Balance
|
For the year
ended |
|
September 30, |
|
1990 |
1989 |
|
(in thousands) |
| Income |
|
|
| Dividends |
$ 86,643 |
$ 67,044 |
| Interest |
227,780 |
239,845 |
|
314,423 |
306,889 |
| Expenditures |
|
|
| Program activities: |
|
|
| Grants
approved—organizations |
231,325 |
209,442 |
| Grants
approved—individuals |
4,664 |
5,294 |
| Direct conduct of
charitable activities |
6,780 |
6,836 |
| Program support |
24,260 |
21,614 |
| Provision for possible
losses on program-related investments |
4,029 |
1,913 |
|
271,058 |
245,099 |
| General management |
16,702 |
15,412 |
| Expenses incurred in the
production of income |
14,726 |
13,582 |
| Provision (benefit) for
federal excise tax: |
|
|
| Current |
4,375 |
4,640 |
| Deferred |
(5,338) |
5,395 |
|
301,523 |
284,128 |
|
12,900 |
22,761 |
| Appreciation
(depreciation) on investments |
|
|
| Realized |
140,224 |
163,405 |
| Unrealized |
(533,767) |
539,494 |
|
(393,543) |
702,899 |
| (Decrease increase in
fund balance for year |
(380,643) |
725,660 |
| Fund balance at
beginning of year |
5,581,663 |
4,856,003 |
| Fund balance at end of
year |
$5,201,020 |
$5,581,663 |
| (See Notes to Financial
Statements) |
|