KEAN UNIVERSITY FoUNdATIoN
KEAN UNIVERSITY FoUNdATIoN
KEAN UNIVERSITY FoUNdATIoN
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Kean University Foundation, Inc.<br />
Statements of Activities<br />
Year Ending June 30, 2008<br />
REVENUE AND SUPPORT 2008 2007<br />
Contributions, grants and Bequests $4,239,140 $5,499,848<br />
In-Kind Services $279,830 $100,838<br />
TOTAL FUNDRAISING REVENUE $4,518,970 $5,600,686<br />
Contributed Services $576,542 $689,722<br />
Interest and dividend Income $910,469 $655,119<br />
other Income $66,312 $168,759<br />
Increase in Cash Surrender Value life Insurance policy $202,692<br />
Change in value split interest agreements Net ($45,416) ($32,995)<br />
Realized and Unrealized gains, Net ($1,219,453) $1,121,169<br />
Administrative fee income $100,777 $69,474<br />
Net Asset released from restrictions $0 $0<br />
TOTAL REVENUE AND SUPPORT $5,110,893 $8,271,934<br />
EXPENSES<br />
PROGRAM SERVICES<br />
Scholarships $1,028,054 $786,855<br />
projects and programs $695,287 $912,105<br />
grants to Kean University $139,833 $166,367<br />
Total Program Services $1,863,174 $1,865,327<br />
SUPPORTING SERVICES<br />
Fundraising $833,358 $994,856<br />
Management and general $1,455,029 $1,514,986<br />
TOTAL SUPPORTING SERVICES $2,288,387 $2,509,842<br />
CHANGES IN NET ASSETS $959,332 $3,896,765<br />
TRANSFERS BETWEEN FUNDS $0 $0<br />
NET ASSETS - Beginning of Year $16,815,358 $12,918,593<br />
NET ASSETS - End of Year $17,774,690 $16,815,358
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