The McLean Foundation Statement of Financial Position as at December 31, 2017

 

Assets
Cash and accounts receivable $1,392,175
Stocks and other Securities (at Market Value) $54,739,386
$56,131,561
Liabilities
Accounts Payable $113,907
Fund Balances
Capital Funds (at Market Value) $62,560,510
Operating Fund ($6,542,856)
$56,017,654
$56,131,561

 

Summary of Revenue and Expenditure for the Year Ending December 31, 2017

 

Revenue
Dividends $445,353
Bond and Debenture Interest $8,562
Other Income $893,481
$1,347,369
Expenditure
Administrative Expenses $351,562
Income before charitable donations paid $995,834
Charitable donations paid ($2,075,852)
Net Loss for the year ($1,079,248)
Operating Fund, beginning of year ($5,463,608)
Operating Fund, end of year ($6,542,856)