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.
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Starting Balance:
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$1,347,914.66
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1/3 Allocated to Endowment:
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$54,723.76
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4% Allocated to Funding:
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(49.331.55) |
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Current Balance:
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$1,353,306.87
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Revenue/Expense Information
Our operating expenses are kept to a minimum due to the dedicated support of the 24 member all-volunteer board.
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Fundraiser Profits:
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$18,161.50 |
Direct Public Contributions:
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$12,000.61 |
Interest Earned:
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$47,012.74 |
Donated Securities :
Gain / (Loss)
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|
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Investment:
Gain / (Loss)
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$2,156.10 |
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Investment Program Fees:
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($7,768.87) |
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Operating Expenses:
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$1,997.04
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Program Funding:
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$82,121.98 |