 |
|
|
Condensed Statements of Activities for the Years Ended December 31, 2002 and 2001 |
|
|
|
|
|
|
|
Amounts in thousands |
|
|
|
|
|
|
|
|
|
|
|
CHANGES IN NET ASSETS |
|
2002
|
|
2001
|
|
Revenues and gains: |
|
|
|
|
|
Contributions |
|
$82,479
|
|
$2,203,305
|
|
Investment income, net |
|
1,965,411
|
|
1,182,049
|
|
|
|
 |
|
|
|
|
|
2,047,890
|
|
3,385,354
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
Grants |
|
977,977
|
|
709,045
|
|
Direct charitable expenses |
|
29,198
|
|
23,510
|
|
Program and administrative expenses |
|
45,958
|
|
33,400
|
|
Federal excise tax |
|
44,101
|
|
29,410
|
|
|
|
|
|
|
|
|
|
1,097,234
|
|
795,365
|
|
|
|
|
|
|
|
Increase in net assets |
|
950,656
|
|
2,589,989
|
|
|
|
|
|
|
|
Unrestricted net assets, beginning of year |
|
21,611,591
|
|
19,021,602
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrestricted net assets, end of year |
|
$22,562,247
|
|
$21,611,591
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
