FINANCIALS AS OF JUNE 30, 2023

STATEMENT OF FINANCIAL POSITION

AS OF JUNE 30, 2023

ASSETS
Cash	$37,061

Receivables
Pledges Receivable, Net	$6,078,744
Estate Receivable	$330,323
Charitable Trust Receivable	$59,065
Other Receivables	$199,014
Total Receivables	$6,667,146

Investments
Investments	$238,084,095
Assets Held Under Split-Interest Agreements	$2,858,460
Beneficial Interest in Perpetual Trust	$1,212,922
Investment in Real Estate	$396,000
Cash Surrender Value of Life Insurance	$658,315
Total investments	$243,209,792

Land, Property and Equipment, Net	$1,288,083
Other Assets	$444,783

TOTAL ASSETS

$251,646,865

LIABILITIES AND NET ASSETS

Liabilities
Accounts Payable and Other Liabilities	$150,251
Obligations Under Split-Interest Agreements	$1,221,593
Agency Funds Payable	$2,833,694
Deposits Held for Others	$6,074
Total Liabilities	$4,211,612

Net Assets
Without Donor Restrictions	$16,495,769
With Donor Restrictions	$230,939,484
Total Net Assets	$247,435,253

TOTAL LIABILITIES AND NET ASSETS

$251,646,865

STATEMENT OF ACTIVITIES

YEAR ENDED JUNE 30, 2023

SUPPORT AND REVENUE
Contributions and Grants, Net of Discount	$16,339,649
Change in Allowance for Uncollectible Receivables	($262,036)
Change in Value of Split-Interest Agreements	$40,645
Change in Value of Beneficial Interest in Perpetual Trusts	$45,313
Investment Return, Net	$18,525,251
Fundraising Service Income	$118,239
Other	$348,993
Total Support and Revenue	$35,156,054

EXPENSES
Program Services
Student Assistance	$6,089,591
University and Community Programs	$2,707,414
Academic and Research Support	$4,971,204
Total Program Services	$13,768,209

Support Services
Management and General	$6,053,285
Fundraising	$6,006,836
Total Support Services	$12,060,121

TOTAL EXPENSES

$25,828,330

Transfer From Affiliates
Support Service Revenue	$5,350,236

CHANGE IN NET ASSETS

$14,677,960

NET ASSETS - BEGINNING OF YEAR

$232,757,293

NET ASSETS - END OF YEAR

$247,435,253

FISCAL SNAPSHOT

TOTAL SIU FOUNDATION ASSETS

Since 2018, SIU Foundation assets have grown by

INCREASE

MARKET VALUE OF SIU FOUNDATION ENDOWMENTS

Since 2018, the market value of SIU Foundation endowments has grown by

INCREASE

SUMMARY OF CONTRIBUTIONS

The SIU Foundation accepts contributions in the form of cash, securities and real estate or personal property. Many corporations will match the contribution of employees, officers, directors and, in some instances, spouses and retirees. The SIU Foundation also accepts various types of planned gifts, whereby the donor makes a gift commitment during his or her lifetime that will benefit the university. Planned gifts are in the form of bequests, gift annuities, charitable remainder trusts, charitable lead trusts and life agreements.

The Foundation’s goal is to increase private support to enhance the University’s mission of being a comprehensive undergraduate and graduate research institution.

CASH CONTRIBUTIONS AND PLEDGES

GIFTS IN KIND

TOTAL

EXPENDITURES

Donors can designate their contributions for items such as scholarships, faculty support, research, facilities and equipment. Donors also contribute toward general support with an unrestricted gift. The SIU Foundation’s expenditures are represented as follows, with “other” including professional development and travel, equipment and expendable goods:

TEACHING & RESEARCH

GRANTS TO THE UNIVERSITY

SCHOLARSHIPS & AWARDS

OTHER

TOTAL

ENDOWMENT INVESTMENTS

The SIU Foundation receives endowment contributions and invests them into the endowment investment pool for perpetuity. An annual distribution of a portion of the revenue generated from the endowment accounts is transferred to corresponding current accounts and used according to the donors’ restrictions. Many of the contributions are designed for scholarships, research and the general support of colleges and departments. Please visit siuf.org for more information. The SIU Foundation endowment is invested as follows: