The Cooper Institute Community Impact Report (2018-2019)

Page 20

“The most useful and influential people in America are those who take the deepest interest in institutions that exist for the purpose of making the world better.”

FY 2017

9,120,042 $

9,115,042 $

9,110,042

9,110,042

8,397,390

FY 2016

$

$

LEAVING A LASTING LEGACY

$

FINANCIAL HIGHLIGHTS

M I L L I O N S

$

$

17,166,181

18,964,691

20,967,991 $

$

$

22,073,116

23,727,175

NET ASSETS & PERMANENT ENDOWMENT FUND

FY 2015

TOTAL NET ASSETS

FY 2018

FY 2019

PERMANENT ENDOWMENT FUND

FUNCTIONAL EXPENSE MIX

- Booker T. Washington

The Cooper Institute endowment is more than just a symbol of stability and independence; it is a legacy investment that will perpetually sustain our research. Our generous donors recognize the importance of scientific research and its ability to change public policy and public health. The endowment consists of principal gifts totalling $12 million. Since the fund was created in 1976, over $5.9 million in earnings have funded preventive research that is changing lives and changing the face of healthcare. The spending policy is governed by the Board of Trustees, who ensure that the 5% spending rate is carefully allocated and properly restricted.

PROGRAMS

FUNDRAISING

ADMINISTRATIVE


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