| Revenue | |
|---|---|
| Individual + Corporate Donations | $ 3,294,591 (55%) |
| Foundation Grants | $ 1,147,690 (19%) |
| Government Grants | $ 805,846 (14%) |
| Interest + Misc. | $ 728,530 (12%) |
| Total | $ 5,976,657 |
| Expenses | |
|---|---|
| Programs | $ 2,930,738 (79%) |
| Management | $ 424,248 (11%) |
| Fundraising | $ 352,794 (10%) |
| Total | $ 3,707,780 |
| Assets | |
|---|---|
| Cash | $ 569,413 (6%) |
| *Investments | $ 7,672,626 (79%) |
| Endowment | $ 1,030,808 (11%) |
| Pledges + Grants Receivable | $ 322,736 (3%) |
| Other Assets | $ 92,875 (1%) |
| Total | $ 9,688,458 |
In October, 2009, UFC established a fund in honor of our late Founder, Nancy M. Daly. Supporters have generously donated over $1.4 million to help carry forward Nancy’s legacy of positive change for foster youth.
UFC received an extraordinary gift of $600,000 from the Bea Arthur Estate. We set up the Bea Arthur College Fund in honor of our long-time supporter and friend. Bea's life-changing gift will allow UFC to continue to expand its programs and serve more foster youth than ever.
* Investing in the Future:
Donors often ask about the amount of UFC’s cash reserves. The Board of Directors instituted an investment policy to support strategic growth while planning for the future. Pursuant to the policy, one year’s operating capital will be maintained at all times. In November 2010, UFC invested $3 million in mutual funds with a 15 to 20 year time horizon. The remainder of cash reserves is invested in short term bonds, $2 million of which the organization anticipates using over the next three years to support growth.
