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The McLean Foundation Balance Sheet
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Assets |
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Cash, short-term investments and accounts receivable |
$ 1,047,785 |
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Stocks and other Securities (at Market Value) |
25,967,193 |
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Bonds and Debentures (at Market Value) |
5,508,852 |
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$ 32,523,830 |
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Liabilities |
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Accounts Payable |
$ 51,974 |
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Fund Balances |
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Capital Funds (at Market Value) |
33,314,162 |
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Operating Fund |
(842,306) |
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$ 32,523,830 |
Summary of Revenue and Expenditure
for the Year Ending December 31st, 2008
Revenue |
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Dividends |
512,473 |
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Bond and Debenture Interest |
348,908 |
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Other Income |
496,376 |
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$ 1,357,757 |
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Expenditure |
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Administrative Expenses |
300,920 |
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Income before charitable donations paid |
1,056,837 |
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Charitable donations paid |
1,573,000 |
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Net Loss for the year |
(516,163) |
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Operating Fund, beginning of year |
(326,143) |
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Operating Fund, end of year |
$ (842,306) |
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© Copyright 2009 The McLean Foundation | Mr. McLean’s Photograph Copyright Karsh, Ottawa