Financial Position
The Foundation received gifts and grants (including pledges) totaling $939,276. The Foundation paid out grants and qualified disbursements totaling $123,322 during 2006. This summarized information has been audited. Full financial information is available by contacting the Mackinac Island Community Foundation Office at 906-847-3701 or jbloswick@micf.org.
| Balance Sheet Fiscal Year 2006 | |
|---|---|
| Assets |
|
| Cash and Investments | $46,709 |
| Investments, at fair market value | $4,344,370 |
| Pledges to give | $287,798 |
| Other Assets | |
| Promises to give (net of current portion) | $337,016 |
| Conservation Easement | $377,778 |
| Liabilities and Net Assets | |
| Current Liabilities | 0 |
| Total Net Worth | $5,393,671 |
