Concord University Alumni Magazine - Fall 2025

YEAR IN REVIEW

June 30, 2024 and June 30, 2025

3.7%

270+ Funds Managed Totaling $49,233,744

Alumni Giving Rate

$66,825,574 Net Assets

These condensed financial statements are derived from audited financial statements of the Foundation. BrownEdwards Certified Public Accountants issued an unmodified opinion on the Foundations financial statements as of June 30, 2025. FINANCIAL POSITION

Assets

2025 517,743 196,656 26,539

2024

Cash

573,785 225,000

Contributions Receivable

Dividends and interest receivable

30,903

Other receivable

3,033

Cash restricted for long-term investment & by agency relationships

814,705

338,555

Investments

64,354,064

54,908,469

Inventory

2,432

2,458

Prepaid expenses Property & equipment, net Funds held in trust by others

195

910,402

841,143

Total assets

$66,825,574 $56,920,508

Liabilities

2025 112,889

2024 41,853

Accounts Payable

Amounts held on behalf of others

6,864,943

6,674,287

Annuity obligations Total Liabilities

28,679

$6,977,832

$6,744,819

Net Assets

2025

2024

Without donor restrictions With donor restrictions

938,627

844,963

58,909,115 59,847,742

49,330,726 50,175,689

Total net assets

Total Liabilities and Net Assets

$66,825,574

$56,920,508

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CONCORD UNIVERSITY MAGAZINE