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Ford Foundation Annual Report 1998
Statement of Activities
|
For the year ended
September 30 |
|
1998 |
1997 |
|
(in
thousands) |
| Income |
|
|
| Dividends |
$ 177,448 |
$ 118,515 |
| Interest |
163,880 |
138,046 |
| Realized appreciation on
investments, net |
745,641 |
748,279 |
| Unrealized (depreciation)
appreciation on investments, net |
(440,854) |
886,162 |
|
646,115 |
1,891,002 |
| Expenditures |
|
|
| Program activities: |
|
|
| Grants approved |
460,854 |
383,034 |
| Direct conduct of
charitable activities |
14,255 |
11,791 |
| Program support |
40,608 |
38,404 |
| Provision for possible
losses on program-related investments |
1,138 |
204 |
|
516,855 |
433,433 |
| General management |
21,138 |
20,425 |
| Expenses incurred in the
production of income |
22,822 |
22,790 |
| Provision (benefit) for
federal excise tax |
|
|
| Current |
10,100 |
9,500 |
| Deferred |
(4,409) |
8,862 |
| Depreciation |
5,419 |
4,984 |
|
571,925 |
499,994 |
| Change in unrestricted
fund balance |
74,190 |
1,391,008 |
| Unrestricted fund
balance at beginning of year |
9,352,047 |
7,961,039 |
| Unrestricted fund
balance at end of year |
$ 9,426,237 |
$
9,352,047 |
See
Notes to Financial Statements