|
|
| For the years ended December
31, 2001 and 2000 (in thousands) |
2001
|
2000
|
|
| Investment income: |
$ 148,356
|
$ 152,047
|
| Less: Federal and state
tax |
1,244
|
1,893
|
| Investment
expense |
25,719
|
27,626
|
| |
|
| |
121,393
|
122,528
|
| Contribution income |
1,133
|
2,310
|
| |
|
| |
122,526
|
124,838
|
| |
|
| Program costs and administrative
expenses: |
|
|
| Grants, net |
487,692
|
298,978
|
| Program contracts and
related activities |
54,771
|
42,494
|
| Program development and
evaluation |
24,709
|
22,543
|
| General administration |
22,491
|
19,332
|
| |
|
| |
589,663
|
383,347
|
| |
|
| Excess of program costs and
expenses over income |
(467,137)
|
(258,509)
|
| |
|
|
| Other changes to net assets, net
of related federal and state tax: |
|
|
| Realized gains on sale
of securities |
345,279
|
804,746
|
| Unrealized appreciation
(depreciation) on investments |
14,354
|
(331,058)
|
| |
|
| |
359,633
|
473,688
|
| |
|
|
Change in net assets—unrestricted
|
(107,504)
|
215,179
|
| Net assets, beginning of year—unrestricted |
8,264,453
|
8,049,274
|
| |
|
| Net assets, end of year—unrestricted |
$ 8,156,949
|
$ 8,264,453
|
| |
See notes to financial statements.
© Copyright 2002 The Robert Wood Johnson Foundation.
Click to read our Web Policies
|
|
