WWW.MARSHALL.EDU/FOUNDATION Statement of Financial Position 6/30/18 6/30/17 Assets Cash and cash equivalents 15,151,619 15,491,176 Receivables 12,925,224 16,303,877 Investments 208,815,449 202,130,933 Property & equipment, net 12,399,504 12,771,262 Net investments in direct financing leases — 158,376 Other assets 11,545,178 11,412,129 260,836,974 258,267,753 Liabilities Current payables 517,752 364,634 Bonds payable — 6,938,376 Notes payable 300,000 300,000 Other liabilities and deferrals 799,452 631,969 Total liabilities 1,617,204 8,234,979 Net assets Unrestricted 8,682,549 11,339,231 Temporarily restricted 65,323,115 61,192,115 Permanently restricted 114,202,559 110,698,947 Total net assets 188,208,223 183,230,293 Total liabilities and net assets 189,825,427 191,465,272