F
I
N
A
N
C
I
A
L
S
2021 2020
Endowment net assets — Beginning of year $ 60,899 $ 60,733
Contributions 1,400 1,377
Investment income (loss) 17,207 (606)
Appropriation of endowment assets for expenditure (2,704) (2,540)
Board-approved addition - 225
Transfers for changes in donor intent 23 -
Transfers to create board-designated endowment funds - 1,710
Endowment Net Assets, End of Year $ 76,825 $ 60,899
Changes in Endowment, excluding pledges
(Years Ended June 30, 2021 and 2020)
(Dollars in thousands)
L AT I N S C H O O L O F C H I C AG O 6
