History 2015 Donations Applications
Donation Policy 2016 Donations Financial Info

 

 

Financial Information for 2016

 

 

 

The McLean Foundation Statement of Financial Position
as at December 31st, 2016

Assets

 

Cash and accounts receivable

   $ 2,280,767

Stocks and other Securities (at Market Value)

50,935,444

 

  $ 53,216,211

 

 

Liabilities

 

Accounts Payable

$ 82,398

 

 

Fund Balances

 

Capital Funds (at Market Value)

58,597,421

Operating Fund

(5,463,608)

 

  53,133,813

   
    $ 53,216,211

Summary of Revenue and Expenditure
for the Year Ending December 31st, 2016

Revenue

 

Dividends

447,050

Bond and Debenture Interest

152

Other Income

873,392

 

$ 1,320,594

 

 

Expenditure

 

Administrative Expenses

335,703

Income before charitable donations paid

984,891

Charitable donations paid

(2,334,022)

Net Loss for the year

(1,349,131)

 

 

Operating Fund, beginning of year

(4,114,477)

Operating Fund, end of year

$  (5,463,608)


 

 

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