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Condensed Statements of Financial Position
December 31, 2002 and 2001 |
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| Amounts in thousands |
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| ASSETS |
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2002
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2001
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| Cash and cash equivalents |
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$91,044
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$276,313
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Investments |
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23,667,914
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22,691,293
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| Interest and dividends receivable |
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288,239
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298,017
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| Federal excise tax refunds receivable |
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7,074
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4,555
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| Deferred excise taxes |
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|
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1,355
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| Property and equipment, net |
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27,782
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27,212
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| TOTAL ASSETS |
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$24,082,053
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$23,298,745
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| LIABILITIES & NET ASSETS |
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2002
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2001
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| Liabilities: |
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Accounts payable |
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$4,651
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$7,509
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Accrued and other liabilities |
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7,791
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3,663
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Deferred excise taxes |
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12,109
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Grants payable, net |
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1,495,255
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1,675,982
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Total Liabilities |
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1,519,806
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1,687,154
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| Net Assets: |
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Unrestricted net assets |
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22,562,247
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21,611,591
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| TOTAL LIABILITIES AND NET ASSETS |
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$24,082,053
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$23,298,745
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| Investments reflected at market value; all other assets shown at cost. |
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| For purposes of this presentation, the foundation has departed from the presentation required under accounting principles generally accepted in the United States of America by netting amounts loaned and payable under secured lending agreements and by netting investment sales receivable and investment purchases payable. Had these amounts not been netted, total assets for 2002 and 2001 would be $33,222,282 and $32,751,466, respectively; total liabilities for 2002 and 2001 would be $10,660,035 and $11,139,875, respectively; and total liabilities and net assets for 2002 and 2001 would be $33,222,282 and $32,751,466, respectively. |
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