Page 6 - January Report 2025

Page 4 January Report
PROGRAM NOTES
CORE PROGRAMS
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Distributions as of January 17, 2025 - $ 0
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Gallaudet University
The fall report is attached.
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State University System of Florida
The fall report is attached. The new application and renewal application are in our website and active.
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Children of UPS employees
The new application and renewal application are in our website and active.
INDIGENOUS PEOPLES PROGRAMS
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Distributions as of January 17, 2025 - $ 0
DISCRETIONARY PROGRAMS
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Distributions as of January 17, 2025 - $ 25,000
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Site visits
Bobby, David and Lisa traveled to Ohio and Missouri for site visits with two potential grantees. Watch
for their reports in the February Monthly Report.
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Grant agreement letters
Grant agreement letters are being drafted for both Cristo Rey Boston and Nativity School of Worcester
using the timing of their choices for their matching donations requirements.
CFO NOTES
During the month of December, we had a decline in our net equity of $6,191,672. This decline was the
result of a decline in the stock market, along with overhead expenses of $536,972 and grant distributions
of $2,142,770 during the month. Despite this decline, we ended the year with a positive increase in our
net equity of $15,214,980, which exceeded our budget by $8,938,658. According to Prime Buchholz, our
investments returned 11.3% for the year, which also exceeded our annual policy of 7.5% (our policy is
5% plus 2.5% estimated inflation rate).
Our actual overhead expenses for 2024 were $3,226,724, which included $236,634 of Federal and State
taxes that were not included in our budget. Our overhead expenses were under budget by $267,994
when you back out the unbudgeted Federal and State taxes.
Our grant expenditures of $9,607,583 were slightly higher than our budgeted amount of $9,520,912.
Lastly, our reported revenues for 2024 were significantly higher than what we budgeted early last year.
Please keep in mind, these revenue numbers will continue to adjust until we receive the final valuation
amounts from our private equity investments, which typically does not occur until sometime in June.