Financials Investment The Foundation’s investment committee is charged with the responsibility of overseeing and implementing the Board-approved investment policies for the Cambridge Endowment. The investment committee works closely with the two Trustees of the Foundation: Cambridge Trust and U.S. Trust/ Bank of America, who help the committee fulfill its fiduciary duty. Our investment objective is to generate a total return that will provide a sustainable funding source for the Foundation, while preserving the portfolio’s purchasing power over the long run, within a prudent level of risk. The long-term performance objective is to satisfy the Foundation’s distribution policy that supports current operations, grantmaking, and additional portfolio growth over time. 26 For the years ended June 30, 2018 and 2017 ASSETS FY18 FY17 Cash & Cash Equivalents $ 884,117 $ 501,096 Investments 39,590,310 36,611,673 Receivables 502,584 852,700 Other Assets 76,563 119,013 Total Assets $ 41,053,574 $ 38,084,482 LIABILITIES & NET ASSETS Accounts Payable & Accruals $ 76,351 $ 633,898 Fiscal Agent Liability 83,293 181,154 Split Interest Agreements 99,028 109,028 Agency Endowments 1,181,373 1,076,641 Total Liabilities 1,440,045 2,000,721 Net Assets 39,613,529 36,083,761 Total Liabilities & Net Assets $ 41,053,574 $ 38,084,482 REVENUES Contributions $ 1,323,028 $ 957,950 Net Investment Return 4,536,561 3,575,373 Other Income 183,118 284,565 Total Revenues $ 6,042,707 $ 4,817,888 GRANTS & EXPENSES Grants $ 1,342,374 $ 1,270,406 Program Support 443,990 736,287 Civic Leadership 275,258 220,584 Operating Expenses 451,318 460,423 Total Grants & Expenses $ 2,512,940 $ 2,687,700 Change in Net Assets $ 3,529,768 $ 2,130,187 Net Assets, Beginning of the Year $ 36,083,761 $ 33,953,574 Net Assets, End of Year $ 39,613,529 $ 36,083,761 Performance 1 year 13.19% 3 year 8.18% 5 year 9.26%