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2019 2018 Total Assets1 $176,813,783 $172,755,033 Operating Expenses2 $2,861,820 $2,588,706 Operating Expenses $1.6% $1.5% Gross Contributions $12,732,888 $11,767,540 Distributions3 $9,479,746 $9,765,752
Includes trust assets owned by Bank of America for which the Community Foundation provides grantmaking services. Does not include investment management fees. Includes grants from trust assets owned by Bank of America for which the Community Foundation provides grantmaking services. ASSETS 2019 2018 Cash and money market funds $5,383,763 $4,829,928 Investments $140,990,956 $134,077,529 Assets held under charitable trusts $3,460,507 $3,269,077 All other assets $3,361,962 $3,951,293 Total Assets $153,197,188 $146,127,827
LIABILITIES 2019 2018 Accounts payable and accrued expenses $172,399 $233,306 Liability under unitrust agreements $1,783,449 $1,738,675 Agency funds $15,879,797 $10,095,315 Total Liabilities $17,835,645 $12,067,296
NET ASSETS 2019 2018 Without donor restrictions-undesignated $36,380,933 $35,775,917 Without donor restrictions-Board designated $1,354,253 $1,456,446 With donor restrictions $97,626,357 $96,828,168 Total Net Assets $135,361,543 $134,060,531
Total Liabilities and Net Assets $153,197,188 $146,127,827
