The investment policy followed by the Foundation represents an attempt to maintain an asset mix designed to achieve the highest expected return with the least amount of risk.  The Foundation has a portfolio consisting of cash, fixed income, credit, equity, diversifying strategies, real assets and private equity to diversify the portfolio’s assets with an emphasis on capital preservation.

By this means, the Directors hope to provide substantial income available for current disbursement, with a reasonable prospect that income in future years may grow sufficiently to permit meaningful contributions in line with the increasing needs of recipient organizations.

The McLean Foundation Condensed Statement of Financial Position as at December 31, 2021

2021 2020
Cash and accounts receivable $3,228,222 $2,817,455
Stocks and other Securities (at Market Value) $62,010,178 $57,800,188
$65,238,400 $60,617,643


Accounts Payable $73,708 $70,139


Fund Balances
Capital Funds (at Market Value) $65,164,692 $60,547,504
$65,164,692 $60,547,504
$65,238,400 $60,617,643


The McLean Foundation Condensed Statement of Operations Year ended December 31, 2021

Bequest $500,000 $0
Dividends $389,358 $432,727
Bond and Debenture Interest $142 $6,524
Other Income $933,643 $907,413
Capital gain distributions from mutual funds $1,027,273 $786,361
Realized gain on investments sold $2,491,268 $1,146,601
Unrealized gain (loss) on investments $2,740,370 $2,092,094
$8,082,054 $5,371,720


Administrative Expenses $412,601 $348,721
Income before charitable donations paid $7,669,453 $5,022,999
Charitable donations paid ($3,055,210) ($2,787,900)
Foreign exchange gain (loss) $2,945 ($47,391)
Excess of revenue over expenditure $4,617,188 $2,187,708