| Revenue | |
| Individual + Corporate Donations |
$ 2,093,298 (41%) |
| Foundation Grants |
$ 1,456,000 (28%) |
| Government Grants |
$ 575,771 (11%) |
| Interest + Misc. |
$ 1,013,894 (20%) |
| Total |
$ 5,138,963 |
| Expenses | |
| Programs |
$ 3,280,239 (79%) |
| Management |
$ 509,633 (12%) |
| Fundraising |
$ 380,157 (9%) |
| Total |
$ 4,170,029 |
| Assets | |
| Cash |
$ 903,797 (9%) |
| Investments* |
$ 7,495,375 (79%) |
| Endowment |
$ 1,225,894 (11%) |
| Pledges + Grants Receivable |
$ 954,628 (9%) |
| Other Assets |
$ 105,114 (1%) |
| Total |
$ 10,684,808 |
Financial Highlights
Wallis Annenberg presented UFC with an incredible gift of $500,000 at the Brass Ring Awards Dinner in June, 2011. This launched our major gift initiative to help support the future expansion of our Housing and Education Programs.
* 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 program growth.
