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