Summary of Annual Report Disclosures
August 31, 2019 and 2018
The Kate B. Reynolds charitable Trust has more than $560 million in assets. In 2019, we awarded more than $23 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 | 8/31/2019 | |
---|---|---|
Undistributed Income at Beginning of Year | $ 7,631,776 | $ 67,915,918 |
Income: | ||
Dividends | $ 2,916,881 | $ 22,875,330 |
Interest | $ 532,432 | $ 869,893 |
Refunds of Prior Year Grants | $ 24,996 | – |
Total Income | $ 3,474,309 | $ 23,745,223 |
Other Receipts: | ||
Transfer from Principal | $ 86,239,565 | – |
Total Income and Other Receipts | $ 89,713,874 | $ 23,745,223 |
Expenditures: | ||
Administrative Expenses | $ 3,310,924 | $ 2,930,050 |
Trustee Fees/Expenses | $ 2,907,784 | $ 2,823,156 |
Federal Excise Tax | $ 528,286 | $ 171,047 |
Transfers from income to principal | – | – |
Grant Disbursements: | ||
— Health Care Division | $ 15,311,320 | $ 16,022,096 |
— Local Impact Division | $ 5,102,993 | $ 5,287,870 |
— Strategic Initiative Fund | $ 2,268,425 | $ 2,580,433 |
Total Expenditures | $ 29,429,732 | $ 29,815,462 |
Undistributed Income at End of Year | $ 67,915,918 | $ 11,626,706 |
Undisbursed Grant Commitments | $ 10,919,036 | $ 9,795,575 |
8/31/2018 Market Value |
8/31/2019 Market Value |
|
Equities | $301,471,697 | $310,275,587 |
Fixed Income | $111,128,076 | $112,382,173 |
Alternatives/Tangible Assets | $ 96,493,459 | $129,883,928 |
Cash/Cash Equivalents | $ 67,710,617 | $ 11,046,332 |
Total Assets | $576,803,849 | $563,588,020 |