Changes in endowment net assets as of June 30, 2019 are as follows:
| Without Donor Restrictions | With Donor Restrictions | Total Net Endowment Assets | |
|---|---|---|---|
| Endowment net assets, beginning of year | $ 2,314,121 | $ 5,182,360 | $ 7,496,481 |
| Contributions | - | 110,573 | 110,573 |
| Interest and dividends | 102,971 | 93,907 | 196,878 |
| Realized and unrealized gains | 258,792 | 263,263 | 522,055 |
| Other, net of investment expense | - | (92,275) | (92,275) |
| Amounts appropriated for expenditure | (435,806) | (1,937) | (437,743) |
| Reclassifications | - | 3,715 | 3,715 |
| Endowment net assets, end of year | $ 2,240,078 | $ 5,559,606 | $ 7,799,684 |
The Foundation has a defined contribution profit sharing plan which covers all employees who meet certain requirements. Foundation contributions are discretionary. No contributions were made for the year ended June 30, 2019.
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