Marshall University FoundationMarshall University Foundation

Annual Report 2010-2011 | it's what WE ARE Annual Report 2010-2011 | it's what WE ARE

The Marshall University Foundation Statement of Financial Position as of June 30, 2011 and June 30, 2010

We Areā€¦ Financially Strong

 

 

Assets 2011 2010
Cash and cash equivalents 8,992,272 7,308,174
Notes receivable -- --
Unconditional promises to give
(less allowance for uncollectible promises of
$82,288 and $145,785 in 2009 and 2008 respectively)
9,765,271 5,119,855
Contributions receivable from remainder trusts 978,911 478,743
Other receivables 48,571 25,658
Beneficial interest in perpetual trusts 8,889,783 6,415,960
Investments 90,406,465 76,060,291
Net investments in direct financing leases 3,101,508 3,587,018
Property & equipment, net 12,876,755 13,298,035
Cash surrender value 394,645 337,017
Prepaids 19,500  
Other assets 629,400 629,400
Total assets $ 136,103,081 $ 113,260,151
Liabilities
Current payables 177,455 601,282
Bonds payable 12,322,179 3,606,758
Notes payable -- 8,735,452
Annuity payment liability 628,641 690,241
Deferred income 270,765 236,578
Fair value of interest rate swap 140,726  
Total liabilities $ 13,539,766 $ 13,870,311
Net assets
Unrestricted 16,976,026 10,357,717
Temporarily restricted 25,384,186 20,696,013
Permanently restricted 80,203,103 68,336,110
Total net assets $ 122,563,315 $ 99,389,840
TOTAL LIABILITIES AND NET ASSETS $ 136,103,081 $ 113,260,151

 

Public support and revenues 2011 2010
Gifts, contributions and other 17,106,764 7,536,070
Contributions from Marshall University    
Graduate College Foundation -- --
Investment income (loss) 15,488,658 6,902,483
Total Public Support and Revenues 32,595,422 14,438,553
Expenses
Program Services    
Academic assistance 4,853,944 5,164,396
Student assistance 1,774,096 1,740,952
Total Program services 6,628,040 6,905,348
Total Program Services 6,628,040 6,905,348
Total Expenses 9,421,947 9,541,916
Change in Net Assets 23,173,475 4,896,637
Net Assets Beginning of Year 99,389,840 94,493,203
NET ASSETS END OF YEAR $ 122,563,315 $ 99,389,840
 
TOTAL LIABILITIES AND NET ASSETS $ 136,103,081 $ 113,260,151

Source of Gifts & Pledges

Source of Gifts & Pledges

2011 Expenses

2011 Expenses

 

Growth in Total Assets

Growth in Total Assets