For the Years Ended June 30, 2009 and 2008
(Dollars in thousands) |
| |
|
|
Assets |
Cash and cash equivalents |
$ |
6,948 |
|
|
$ |
1,136 |
Cash restricted for debt service |
|
905 |
|
|
|
893 |
Pledges receivable, net |
|
21,581 |
|
|
|
24,862 |
Prepaid expenses and other receivables |
|
227 |
|
|
|
381 |
Investments |
|
277,434 |
|
|
|
351,894 |
Funds held in trust by others |
|
8,900 |
|
|
|
11,243 |
Cash surrender value of life insurance |
|
170 |
|
|
|
186 |
Property and equipment, net |
|
5,009 |
|
|
|
5,182 |
Deferred bond issuance costs, net |
|
424 |
|
|
|
445 |
Research and Development Corporation |
|
544 |
|
|
|
580 |
|
Total assets |
$ |
322,142 |
|
|
$ |
396,802 |
| |
|
|
|
|
|
|
Liabilities and Net Assets |
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Accounts payable and accrued expenses |
$ |
6,872 |
|
|
$ |
6,613 |
Trusts and annuities payable |
|
2,736 |
|
|
|
2,821 |
Accrued debt service interest |
|
140 |
|
|
|
144 |
Bonds payable |
|
6,955 |
|
|
|
7,165 |
Research and Development Corporation |
|
47 |
|
|
|
58 |
 |
Total liabilities |
$ |
16,750 |
|
|
$ |
16,801 |
| |
|
|
|
|
|
|
| Net Assets |
|
|
|
|
|
|
Unrestricted |
| |
Research and Development Corporation |
|
497 |
 |
|
|
522 |
| |
Available for operations |
|
5,355 |
|
|
|
6,962 |
| |
Depreciation on underwater endowments |
|
(31,928) |
|
|
|
(1,286) |
| |
Funds functioning as endowments |
|
1,921 |
|
|
|
1,921 |
 |
| |
Total unrestricted |
($ |
24,155) |
|
|
$ |
8,119 |
Temporarily restricted |
| |
Available for University Support |
|
61,626 |
|
|
|
65,026 |
| |
Appreciation on endowments |
|
10,564 |
|
|
|
46,238 |
|
| |
Total temporarily restricted |
$ |
72,190 |
|
|
$ |
111,264 |
Permanently restricted |
|
257,358 |
|
|
|
260,618 |
|
| |
Total net assets
|
$ |
305,392 |
|
|
$ |
380,001 |
|
| |
Total liabilities and net assets |
$ |
322,142 |
|
|
$ |
396,802 |
| |
|
|
|
|
|
|
|
|
|
| Note: This data is summarized from the UConn Foundation’s financial statements. Complete audited financial statements are available upon request. |
|
 |
