2018 2017
Endowment Net Assets, Beginning of Year $ 53,037,199 $ 43,805,531
Contributions $ 2,965,010 $ 4,191,797
Total Investment Return $ 4,120,782 $ 6,391,773
Appropriation of Endowment
Assets for Expenditure
$ (1,971,227) $ (1,737,398)
Board-designated Addition $ 350,000 $ 325,000
Transfer In - $ 60,496
ENDOWMENT NET ASSETS, END OF YEAR $ 58,501,764 $ 53,037,199
Asset Allocation (as of June 30, 2018)
6%
12%
9%
10%
19%
5%
13%
26%
Large
Cap
Equity
Small Cap
Equity
Emerging
Markets
Hedged
Equity
Absolute
Return
Fixed
Income
Real
Assets
International
Developed
Changes in Endowment Net Assets
(Years ended June 30, 2018 and 2017), excludes pledges
F I N A N C I A L S
Annual Report 2017–2018 9
