AR 2001 Layout_Final - Royal Ontario Museum

The Endowment Fund consists of the following:
2002 2001
Externally endowed with income available
for the following purposes
Endowed chairs 4,673 5,360
Acquisitions and research 424 475
Exhibitions and programs 140 145
Gallery development 186 174
Unrestricted 1,432 1,522
6,855 7,676
Internally endowed 1,870 2,135
8,725 9,811
6. TRANSACTIONS WITH THE ROYAL ONTARIO MUSEUM
The Museum provides space and certain administrative costs to the Foundation at no cost.
7. INCOME BENEFICIARY
During 1998, the Foundation became the income beneficiary of an externally administered trust with an approximate
market value of $49,238,625 as at June 30, 2002 [2001–$52,349,000]. Income received from this fund is to be
used for publications about the Museum and acquisitions of artifacts. During the year, $2,154,352
[2001–$1,790,745] has been received and recorded as donations revenue in the Restricted Fund. This distribution
from the trust represents dividends and interest earned during the year.
8. STATEMENT OF CASH FLOWS
A separate statement of cash flows has not been presented since cash flows from operating, investing and financing
activities are readily apparent from the other financial statements.
ROM FOUNDATION ANNUAL
CONTRIBUTIONS TO THE MUSEUM
ALLOCATION OF FOUNDATION
GRANT TO MUSEUM
GROWTH IN FUNDS UNDER
ROM FOUNDATION MANAGEMENT
30000
7000
5%
4%
5000
8%
6%
27%
20000
3000
9%
10000
1000
0
23%
18%
0
96/97 97/98 98/99 99/00 00/01 01/02 96/97 97/98 98/99 99/00 00/01 01/02
contribution $000’s
grant $000’s
Unresricted 6%
Galleries & Capital Development 9%
Curatorial Positions 5%
Research & Acquisitions 23%
Programs 4%
Exhibitions 18%
Publications 8%
Renaissance ROM 27%
fund balance $000’s
59