Financials

The Herzstein Foundation prepares its financial statements in accordance with generally accepted accounting principles. Audited summary financial information is presented below.

Grants Paid in 2016

//www.herzsteinfoundation.org/annual2016/wp-content/uploads/2016/07/grants_paid_2016.jpg

Statement of Financial Position

Dec. 31, 2016 Dec. 31, 2015
Assets
Cash and Cash Equivalents $ 1,653,000 1,891,000
Accounts Receivable and Other Assets 788,000 940,000
Marketable Securities 40,565,000 38,450,000
Real Estate 53,575,000 40,335,000
Other 6,008,000 5,653,000
Total Assets 102,588,000 87,269,000
Liabilities and Net Assets
Accrued Liabilities and Other Payables 0 11,000
Net Assets 102,588,000 87,258,000
Total Liabilities and Net Assets $ 102,588,000 87,269,000

Statement of Activities

Dec. 31, 2016 Dec. 31, 2015
Revenue, Gains (Losses) and Other Income
Interest $ 5,000 5,000
Dividends 1,538,000 1,533,000
Income from Investment in Real Estate 2,233,000 2,449,000
Realized Gain (Loss) on Sale of Investments 1,060,000 1,687,000
Unrealized Gain (Loss) on Investments 14,558,000 (9,024,000)
Income (Loss) from Other 993,000 (1,712,000)
Total Revenue, Gains (Losses) and Other Income 20,387,000 (5,062,000)
Expenses
Administrative and Federal Excise Tax 990,000 1,011,000
Grants Paid 4,067,000 4,327,000
Total Expenses and Grants Paid 5,057,000 5,338,000
Increase (Decrease) in Net Assets 15,330,000 (10,400,000)
Net Assets at the Beginning of the Year 87,258,000 97,658,000
Net Assets at the End of the Year $ 102,588,000 87,258,000

Total Charitable Giving Since 1965: $75 million

//www.herzsteinfoundation.org/annual2016/wp-content/uploads/2016/07/total_charitable_giving_2016.jpg