WWW.MARSHALL.EDU/FOUNDATION Statements of Financial Position 6/30/15 6/30/14 Assets Cash and cash equivalents $ 13,551,670 $ 15,487,295 Unconditional promises to give, (less allowance for uncollectible promises of $859,741 and $758,011 in 2015 and 2014 respectively) 29,099,823 23,196,515 Contributions receivable from remainder trusts 647,855 874,687 Other receivables 48,372 57,156 Beneficial interest in perpetual trusts 9,423,213 9,792,769 Investments 120,630,237 119,945,069 Net investments in direct financing leases 938,041 1,514,067 Property & equipment, net 13,535,485 13,935,533 Cash surrender value 502,552 464,718 Prepaids 31,205 41,238 Other assets 15,500 15,500 Total assets $ 188,423,953 $ 185,324,547 Liabilities Current payables $ 277,645 $ 195,631 Bonds payable 8,579,881 9,562,787 Notes payable 300,000 300,000 Annuity payment liability 367,709 295,032 Deferred income 280,530 223,894 Fair value of interest rate swap 75,795 169,121 Total liabilities 9,881,560 10,746,465 Net assets Unrestricted 13,939,804 19,901,648 Temporarily restricted 65,036,186 62,127,699 Permanently restricted 99,566,403 92,548,735 Total net assets 178,542,393 174,578,082 Total liabilities and net assets $ 188,423,953 $ 185,324,547