Changes in endowment net assets as of June 30, 2013 are as follows:
| Unrestricted | Temporarily Restricted | Permanently Restricted | Total Net Endowment Assets | |
|---|---|---|---|---|
| Endowment net assets, beginning of year | $ - | $ - | $ 6,695,773 | $ 6,695,773 |
| Contributions | - | - | 82,224 | 82,224 |
| Interest and dividends | - | 192,093 | - | 192,093 |
| Realized and unrealized gains | - | 637,668 | - | 637,668 |
| Amounts appropriated for expenditure | - | (215,070) | - | (215,070) |
| Reclassifications | - | 3,550,211 | (3,550,211) | - |
| Endowment net assets, end of year | $ - | $ 4,164,902 | $ 3,227,786 | $ 7,392,688 |