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Financial
Information:
April 1, 2008–March 31, 2009
Pride Foundation was able to increase its funding of scholarships,
grants and Leadership Development programs during fiscal year
2008/09 by 13% over last year despite a recessionary economic
climate that has challenged funders, donors and recipients alike.
Funding from sources like the Bill and Melinda Gates Foundation
and increased management fee revenues are allowing us to direct
more dollars than ever to our core programs. Our endowment also
enjoyed additional contributions and, while it suffered investment
losses of 18%, it significantly outperformed the benchmark* against
which we compare our performance. This can be attributed to Pride
Foundation’s investment strategy and its focus on quality and
stability. During these difficult times, we are pleased to be
able to welcome nearly 700 first-time contributors and ever grateful
that nearly 90% of our donors continued their generous support
throughout the fiscal year.
*Pride Foundation Benchmark consists of
42% S&P 500, 6% Russell
2000, 12% MSCI EAFE, 35% Barclays Capital U.S. Aggregate and
5% Three-Month U.S. Treasury Bills. For FY 08/09, the Benchmark
reflected a 24% loss.
REVENUE |
|
| Individual Contributions Workplace Contributions Corporate/Foundation Bequests Other Total Revenue |
$732,727 124,611 315,964 790,376 463,011 $2,426,689 |
|
|
| Scholarships Grants Leadership Development* Fundraising Investment Losses Management & General Total Expenses |
$259,838 525,014 1,030,247 303,259 (4,296,438) 293,614 $(1,884,466) |
|
4,159,319 (122,402) |
ASSETS |
|
| Cash & Cash Equivalents Endowment Portfolio Donor Designated Portfolio Trusts Property & Equipment Promises to Give Other Assets Total Assets |
190,735 |
LIABILITIES & NET ASSETS |
|
Accounts Payable NET ASSETSUnrestrictedTemporarily Restricted Permanently Restricted Total Liabilities & Net Assets |
$29,805
(4,188,497) |
DOWNLOAD OUR FULLY AUDITED FINANCIAL STATEMENTS
(PDF)