The Cannon Fall Education Foundation continues to have a conservative investment strategy for the operating fund and endowment fund. One-third of new funds raised are added to the endowment. Each year 4% of our endowment is designated to pay for creative and innovative programs within our schools.
| Starting Balance: |
$1,355,013.40 |
| 1/3 Allocated to Endowment: |
$58,779.45 |
| 4% Allocated to Funding: |
|
| Current Balance: |
$1,413,792.85 |
Revenue/Expense Information
Our operating expenses are kept to a minimum due to the dedicated support of the 24 member all-volunteer board.
|
Fundraiser Profits:
|
$17,799.73 |
Direct Public Contributions:
|
$2,008.01 |
Interest Earned:
|
$7,864.71 |
Donated Securities : Gain / (Loss)
|
|
|
Investment: Gain / (Loss)
|
|
|
Investment Program Fees:
|
($6,552.89) |
|
Operating Expenses:
|
$1,687.75
|
Program Funding:
|
$16,285.43 |