Annual Report 2005
Financial Statements
Fund Assets

Unrestricted Net Assets, December 2005 $230,305,506
Unrestricted Net Assets, December 2004 $218,762,504
Change in Unrestricted Net Assets $11,543,002
(5.3%)
 
Statement of Financial Position
December 31, 2005 2004
Assets (Restated)
Cash $ 4,161,201 $ 526,765
Investments, at fair value 226,071,014 219,078,120
Receivables 348,055 330,486
Note Receivables 396,644 374,334
Property & Equipment, net 152,057 166,569
Other Assets 3,189 3,189
        Total Assets $231,132,160 $220,479,463
Liabilities & Net Assets
Liabilities:
        Creative Work Fund
        Accounts payable and accrued expenses
        Grants payable
        Deferred taxes		 $54,161
110,493
250,000
412,000		 $262,839
20,120
1,000,000
434,000
             Total liabilities 826,654 1,716,959
Unrestricted Net Assets 230,305,506 218,762,504
             Total liabilities and net assets $231,132,160 $220,479,463