The Financial information presented here is taken from the audited Financial Statements for the Years Ended December 31, 2007 and 2006.  The Ann Arbor Area Community Foundation's auditor, Plante & Moran, PLLC (formerly BKR Dupuis & Ryden), has issued an unqualified opinion on those statements.  Please contact AAACF at (734) 663-0401 if you would like a copy of the audited Financial Statements, the IRS 990 or any of the Foundation policies.  Our records, with the exception of specific donor gift information, are public.  We invite you to obtain any further information that may be useful to you.

Total Assets December 31, 2007 $53,232,188 Total Assets December 31, 2006 $45,580,787 29%  Unrestricted 23%  Field of Interest   5%  Scholarship 23%  Donor Advised 12%  Designated   1%  Charitable Remainder Trust   7%  Administrative

Revenues, Gains, and Support Gifts and Pledges $5,535,045 Investment Income $2,382,858 Net Appreciation on Investments Realized and Unrealized $1,483,531 Change in Value of Liability to Life Beneficiary $25,189 Administrative Support and Other Income $13,317 Total Revenues, Gains, and Support $9,439,940 Expenditures Grants and Scholarships $1,542,724 Investment Fees $163,275 Administrative Expenses $966,422 Total Expenditures $2,672,421 Change in Fund Balances $6,767,519

Accountability

We invite you to contact us to obtain any further information that may be useful to you. The Ann Arbor Area Community Foundation is fully accountable to the donors and citizens of this community. Our records, with the exception of specific donor gift information, are public and we are pleased to provide you with more detailed information regarding our operations. An independent audit is completed each year, currently by Plante & Moran, PLLC (formerly BKR Dupuis & Ryden), and the operations of AAACF are governed by a volunteer Board of Trustees composed of community members. In addition, the Ann Arbor Area Community Foundation willingly and successfully meets the Council on Foundations and Council of Michigan Foundations measures of Standards for Community Foundations.