Finances
ABSF historically has made grants far in excess of minimum legal requirements, while simultaneously managing our endowment for growth. Our board demands such fiscal responsibility, as well as the highest ethical conduct from staff and board alike.
| Grants | |||
|---|---|---|---|
| 2006 | 2007 | 2008 | |
| Social Microenterprise | $150,000 | $250,000 | $310,000 |
| Global Understanding | $66,000 | $73,000 | $56,000 |
| Disabled Mobility | $40,900 | $51,250 | $87,491 |
| Discretionary | $128,360 | $171,470 | $123,790 |
| Totals | $385,260 | $545,720 | $577,281 |
| Assets | |||
|---|---|---|---|
| 2006 | 2007 | 2008 | |
| Checking/Money Market | $121,802 | $125,347 | $90,756 |
| Fixed Income | $805,667 | $748,990 | $793,692 |
| Equities | $3,593,669 | $3,536,504 | $2,177,499 |
| Other Assets | $2,000,000 | $2,650,000 | $2,650,000 |
| Totals | $6,521,138 | $7,060,841 | $5,711,947 |
Note: Asset and grant totals shown in the above tables may differ slightly from financial statements and tax return due to differences in internal accounting classifications.
Financial Statements (PDF)
IRS 501(c)3 Determination Letter
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