Statement of Financial Position

Year Ended December 31

Assets 2014 2013
Cash and cash equivalents $188,835,022 $173,968,891
Income and redemption receivables 12,096,229 14,447,265
Prepaid expenses 1,554,015 974,503
Pledges receivable, net 66,646,407 63,667,411
Investments 2,987,366,133 2,818,891,585
Property and equipment, net 17,437,128 12,642,559
Real estate 4,150,549 3,116,026
Notes receivable 1,169,804 1,327,613
Other assets 4,894,108 12,386,675
Total Assets $3,284,149,395 $3,101,422,528
Liabilities
Accounts payable $3,120,861 $2,664,842
Pending investment purchases payable 1,202,177 24,779,840
Accrued expenses and other payables 4,487,927 3,216,596
Deferred revenue 978,035
Deferred compensation 2,261,553 1,536,139
Notes payable 532,731
Liability under split-interest agreements 47,334,577 44,850,036
Funds due to other organizations 315,706,715 311,283,174
Total Liabilities $375,091,845 $388,863,358
Net Assets
Unrestricted $234,784,150 $191,273,037
Temporarily restricted 1,408,238,674 1,324,837,275
Permanently restricted 1,266,034,726 1,196,448,858
Total Net Assets $2,909,057,550 $2,712,559,170
Total Liabilities and Net Assets $3,284,149,395 $3,101,422,528