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.

8/31/2017 8/31/2016
Undistributed Income at Beginning of Year $1,104,375 $5,785,435
Income:
Dividends $3,400,660 $2,210,348
Interest $52,175 $28,164
Refunds of Prior Year Grants $171,737 $134,091
Total Income $3,624,572 $2,372,603
Other Receipts:
Transfer from Principal $31,395,638 $22,837,501
Total Income and Other Receipts $35,020,210 $25,210,104
Expenditures:
Administrative Expenses $2,757,268 $2,436,681
Trustee Fees/Expenses $3,042,203 $2,148,225
Federal Excise Tax $402,255 $86,664
Transfers from income to principal
Grant Disbursements:
— Health Care Division $15,670,365 $18,279,245
— Poor and Needy Division $5,218,417 $6,169,394
— Strategic Initiative Fund $1,402,301 $770,955
Total Expenditures $28,492,809 $29,891,164
Undistributed Income at End of Year $7,631,776 $1,104,375
Undisbursed Grant Commitments $14,473,333 $20,571,254
8/31/2017
Market Value
8/31/2016
Market Value
Equities $315,062,008 $270,700,529
Fixed Income $130,047,797 $141,157,292
Alternatives/Tangible Assets $112,275,922 $119,257,664
Cash/Cash Equivalents $7,555,471 $786,945
Total Assets $564,941,198 $531,902,430