History 2013 Donations Applications
Donation Policy 2014 Donations Financial Info

 

 

Financial Information for 2014

 

 

 

The McLean Foundation Statement of Financial Position
as at December 31st, 2014

Assets

 

Cash and accounts receivable

   $ 1,872,610

Stocks and other Securities (at Market Value)

48,968,950

 

  $ 50,841,560

 

 

Liabilities

 

Accounts Payable

$ 127,660

 

 

Fund Balances

 

Capital Funds (at Market Value)

54,151,919

Operating Fund

(3,438,019)

 

  50,713,900

   
    $ 50,841,560

Summary of Revenue and Expenditure
for the Year Ending December 31st, 2014

Revenue

 

Dividends

425,365

Bond and Debenture Interest

2,437

Other Income

857,868

 

$ 1,285,670

 

 

Expenditure

 

Administrative Expenses

315,094

Income before charitable donations paid

970,576

Charitable donations paid

(1,552,600)

Net Loss for the year

(582,024)

 

 

Operating Fund, beginning of year

(2,855,995)

Operating Fund, end of year

$  3,438,019)


 

 

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