Community Foundation of the Virginias 2023 Annual Report

STATEMENTS OFACTIVITIES

Community Foundation of the Virginias, Inc. STATEMENTS OF ACTIVITIES Years ended December 31, 2023 and 2022

2023

2022

Totals

Totals

REVENUES, GAINS AND OTHER SUPPORT Contributions

$ 405,163

$ 220,135

Rental Income

3,000

3,000

Interest and Dividend Income

339,527

331,064

Net realized and unrealized gains (losses) on investments

1,476,564

(2,341,964)

Total revenues, gains and other support

2,224,254

(1,787,765)

EXPENSES Management and general

94,467

69,969

Scholarships

454,536

437,049

Grants

638,328

426,009

Total Expenses

1,187,331

933,027

Change in net assets

1,036,923

(2,720,792)

NET ASSETS Beginning

$ 13,064,983

$ 15,785,775

Ending

$ 14,101,906

$ 13,064,983