| Revenues, gains and other support: | Temporarily Unrestricted | Permanently Restricted | Total | ||
|---|---|---|---|---|---|
| Contributions | $ 30,000 | $ 877,796 | $ 237,571 | $ 1,145,367 | |
| Investment income: | |||||
| Interest and dividends | 5,328 | 222,225 | - | 227,553 | |
| Realized and unrealized gains | 20,155 | 849,814 | - | 869,969 | |
| Total investment income | 25,483 | 1,072,039 | - | 1,097,522 | |
| Releases from restrictions | 1,097,278 | (1,097,278) | - | - | |
| Total revenues, gains and other support | 1,152,761 | 852,557 | 237,571 | 2,242,889 | |
| Expenses: | |||||
| Scholarships | 538,908 | - | - | 538,908 | |
| Operating expenses | 138,360 | - | - | 138,360 | |
| Personal services | 83,895 | - | - | 83,895 | |
| University support | 203,637 | - | - | 203,637 | |
| Student support | 68,527 | - | - | 68,527 | |
| Travel and promotion | 57,918 | - | - | 57,918 | |
| Total expenses | 1,091,245 | - | - | 1,091,245 | |
| Change in net assets | 61,516 | 852,557 | 237,571 | 1,151,644 | |
| Net assets, beginning of year | 315,740 | 6,433,260 | 3,227,786 | 9,976,786 | |
| Net assets, end of year | $ 377,256 | $ 7,285,817 | $ 3,465,357 | $ 11,128,430 | |
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