Walter and Elise Haas Fund

Statements of Financial Position

December 31,					2008			2007
Assets
Cash					$	2,874,842		$	7,639,400
Receivables:
	Investments in transit					12,336,737			16,282,462
	Interest and dividends					150,373			572,222
Notes Receivable						565,767			445,333
Investments, at fair value						167,652,985			252,301,121
Property and Equipment, net						337,060			392,093
Other Assets						137,006			27,477
		Total assets			$	184,054,770		$	277,660,108
Liabilities and Net Assets
Liabilities:
	Creative Work Fund				$	0		$	2,480
	Accounts payable and accrued expenses					211,059			556,995
	Grants payable					2,341,500			2,605,000
	Deferred taxes					0			905,000
		Total liabilities				2,552,559			4,069,475
Unrestricted Net Assets						181,502,211			273,590,633
		Total liabilities and net assets			$	184,054,770		$	277,660,108