Summary of Annual Report Disclosures

August 31, 2017 and 2016

The Kate B. Reynolds charitable Trust has more than $560 million in assets. In 2017, we awarded more than $21 million in grants to improve the health and quality of life of residents in Forsyth County and around the state of North Carolina.

8/31/2018 8/31/2017
Undistributed Income at Beginning of Year $   7,631,776 $  1,104,375
Income:
Dividends $  2,916,881 $  3,400,660
Interest $     532,432 $       52,175
Refunds of Prior Year Grants $       24,996 $     171,737
Total Income $  3,474,309 $  3,624,572
Other Receipts:
Transfer from Principal $ 86,239,565 $ 31,395,638
Total Income and Other Receipts $ 89,713,874 $ 35,020,210
Expenditures:
Administrative Expenses $  3,310,924 $  2,757,268
Trustee Fees/Expenses $  2,907,784 $  3,042,203
Federal Excise Tax $     528,286 $     402,255
Transfers from income to principal
Grant Disbursements:
— Health Care Division $ 15,311,320 $ 15,670,365
— Poor and Needy Division $   5,102,993 $   5,218,417
— Strategic Initiative Fund $   2,268,425 $   1,402,301
Total Expenditures $ 29,429,732 $ 28,492,809
Undistributed Income at End of Year $ 67,915,918 $   7,631,776
Undisbursed Grant Commitments $ 10,919,036 $ 14,473,333
8/31/2018
Market Value
8/31/2017
Market Value
Equities $301,471,697 $315,062,008
Fixed Income $111,128,076 $130,047,797
Alternatives/Tangible Assets $  96,493,459 $112,275,922
Cash/Cash Equivalents $  67,710,617 $    7,555,471
Total Assets $576,803,849 $564,941,198