 |
2008 Financial Statement:
|
2008 |
2007 |
| Net Assets as of December 31 |
$ 25,483,424 |
$ 25,791,361 |
Total Revenues, net
|
$ 11,862,219 |
$ 20,064,751 |
Grant Expenditures: |
|
|
| Grants paid (see below) |
$ 7,314,039 |
$ 19,183,359 |
| Change in grants accrued for future payment (1) |
(1,189,187) |
(4,591,702) |
| Grants revoked |
0 |
0 |
| Total Grant Expenditures, net |
$ 6,124,852 |
$ 14,591,657 |
Expenses |
|
|
| Operating expenses |
$ 1,993,435 |
$ 2,327,132 |
| Depreciation |
$ 42,035 |
$ 53,696 |
| Federal excise tax expense (benefit) |
$ 31,325 |
$ 67,239 |
| Total Expenses, net |
$ 2,067,065 |
$ 2,448,067 |
Detail of Grants Paid |
|
|
| Grants paid through The Arthur M. Blank Family Foundation |
$ 5,052,014 |
$ 16,204,450 |
| Grants paid through Direct Charitable Activities |
$ 130,724 |
$ 128,881 |
| Grants paid through Atlanta Falcons Youth Foundation (AFYF) |
$ 1,714,364 |
$ 2,153,347 |
| Grants paid through AFYF Direct Charitable Activities |
$ 98,083 |
$ 73,395 |
| Grants paid through AFYF Events and Direct Charitable Activities |
0 |
$ 283,674 |
| Grants paid through Mountain Sky Guest Ranch (MSGR) Fund |
$ 256,685 |
$ 276,288 |
| Grants paid through MSGR Fund Direct Charitable Activities |
$ 3,913 |
$ 9,854 |
| Grants paid through Philanthropic Memberships |
$ 58,255 |
$ 53,470 |
Total Grants Paid |
$ 7,314,039 |
$ 19,183,359 |
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(1) Amount represents the change in the grant commitment liability from the prior year. As of 12/31/08, the grant commitment liability was $17.2M versus $18.4M 12/31/07.
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