| Community Foundation of Ottawa |
|
|
|
|
| Summarized Statement of Operations and Changes in Fund Balances |
| For the year ended December 31 (in thousands of dollars) |
|
|
|
|
|
|
2011 |
|
2010 |
| Revenue |
|
|
|
|
| Donations |
$ |
8,479 |
$ |
7,995 |
| Investment earnings (losses) |
|
(243) |
|
4,964 |
| Other earnings |
|
14 |
|
18 |
|
|
8,250 |
|
12,977 |
| Expenses |
|
|
|
|
| Grants and programs |
|
5,587 |
|
6,307 |
| Investment fees |
|
595 |
|
421 |
| Operating expenses |
|
1,199 |
|
1,211 |
|
|
7,381 |
|
7,939 |
|
|
|
|
|
| Excess (deficiency) of revenue over expenses |
|
869 |
|
5,038 |
|
|
|
|
|
| Fund balances, beginning of year |
|
89,418 |
|
84,380 |
| Fund balances, end of year |
$ |
90,287 |
$ |
89,418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summarized Balance Sheet |
|
|
|
|
| December 31 (in thousands of dollars) |
|
|
|
|
|
|
2011 |
|
2010 |
| Assets |
|
|
|
|
| Cash, receivables and short-term deposits |
$ |
491 |
$ |
333 |
| Investments |
|
90,693 |
|
90,011 |
| Real estate |
|
300 |
|
300 |
| Capital assets |
|
7 |
|
8 |
|
$ |
91,491 |
$ |
90,652 |
| Liabilities and Fund Balances |
|
|
|
|
| Liabilities |
|
|
|
|
| Grants payable and accrued liabilities |
$ |
37 |
$ |
47 |
| Managed Funds |
|
1,167 |
|
1,187 |
|
|
1,204 |
|
1,234 |
| Fund balances |
|
|
|
|
| Endowment funds |
|
|
|
|
| Contributed capital |
|
91,075 |
|
88,651 |
| Increase (decrease) in capital |
|
(8,375) |
|
(3,487) |
| Funds for charitable distribution |
|
7,079 |
|
3,796 |
| Operating fund |
|
508 |
|
458 |
|
|
90,287 |
|
89,418 |
|
$ |
91,491 |
$ |
90,652 |
