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:
|
$1,347,914.66
|
|
1/3 Allocated to Endowment:
|
$47,259.21
|
4% Allocated to Funding:
|
(49.331.55) |
|
Current Balance:
|
$1,345,842.32
|
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:
|
$16,068.18 |
Direct Public Contributions:
|
$1,257.70 |
Interest Earned:
|
$45,042.70 |
Donated Securities :
Gain / (Loss)
|
|
|
Investment:
Gain / (Loss)
|
$2,156.10 |
|
Investment Program Fees:
|
($5,711.61) |
|
Operating Expenses:
|
$1,997.04
|
Program Funding:
|
$69,542.58 |