2020 2019
Endowment net assets — Beginning of year $ 60,733 $ 58,502
Contributions 1,377 2,118
Investment income (606) 2,186
Appropriation of endowment assets for expenditure (2,540) (2,223)
Board-approved addition 225 150
Transfers for changes in donor intent 1,710 0
ENDOWMENT, END OF YEAR $ 60,899 $ 60,733
Changes in Endowment, excluding pledges
(Years Ended June 30, 2020 and 2019)
(Dollars in thousands)
F I N A N C I A L S
L AT I N S C H O O L O F C H I C AG O
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