Ann Arbor Area Community Foundation

Year-end Financial Statements

Financial information presented here reflects the audited
Financial Statements for the fiscal years ended December 31, 2010
and December 31, 2009.


In 2010 AAACF's Investment portfolio realized a 13.6% gain.  

ASSETS
Total Assets December 31, 2010                               $ 58,669,132
Total Assets December 31, 2009                                 $ 47,799,053


REVENUES, GAINS, AND SUPPORT
Gifts and Pledges                                                                  $ 8,237,548
Investment Income                                                                 $    665,726
Net Appreciation on Investments - Realized and Unrealized       $ 4,734,958
Change in Value of Liability to Life Beneficiary                          $     43,055
Other Income                                                                         $       7,211

Total Revenues, Gains, and Other Support                       $  13,688,498

EXPENDITURES
Grants and Scholarships                                                      $   1,696,600
Investment Fees                                                                  $      149,789
Administrative Expenses                                                      $      899,089

Total Expenditures                                                              $ 2,745,478

CHANGE IN FUND BALANCES                                             $10,943,020

 

The Community Foundation's auditor, Plante & Moran, PLLC has issued an unqualified opinion on these statements.

If you would like further information, please contact AAACF's COO
Neel Hajra or call us at (734) 663-0401.