The McLean Foundation Statement of Financial Position as at December 31, 2018

Assets
2018 2017
Cash and accounts receivable $324,966 $1,392,175
Stocks and other Securities (at Market Value) $53,151,406 $54,739,386
$53,476,372 $56,131,561

 

Liabilities
Accounts Payable $137,891 $113,907

 

Fund Balances
Capital Funds (at Market Value) $61,118,745 $62,560,510
Operating Fund ($7,780,264) ($6,542,856)
$53,338,481 $56,017,654
$53,476,372 $56,131,561

 

Revenue
 Dividends $423,454 $445,354
Bond and Debenture Interest $29,522 $8,562
Other Income $974,888 $893,481
$1,427,864 $1,347,396

 

Expenditure
Administrative Expenses $342,872 $351,562
Income before charitable donations paid $1,084,992 $995,834
Charitable donations paid ($2,322,400) ($2,075,852)
Net Loss for the year ($1,237,408) ($1,079,248)
Operating Fund, beginning of year ($6,542,856) ($5,463,608)
Operating Fund, end of year ($7,780,264) ($6,542,856)