2016-2017 Annual Report
2016-2017 Annual Report
For fiscal year 2016-2017, the FIU Foundation's investment returns totaled 12.4%. The FIU Foundation's endowment market value as of June 30, 2017 was $196.3 million. Four percent of the endowment market value, averaged over the 12 consecutive quarters ended December 31, 2016 was authorized by the Foundation board for spending in fiscal year 2017-2018.
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FLORIDA INTERNATIONAL UNIVERSITY
FOUNDATION, INC. AND SUBSIDIARIES (A Direct Support Organization) CONSOLIDATED STATEMENTS OF FINANCIAL POSITION JUNE 30, 2017 AND 2016 |
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| 2017 | 2016 | |||||||
| Assets: | ||||||||
| Cash and cash equivalents | 23,200,815 | 8,338,074 | ||||||
| Contributions receivable, net | 70,073,417 | 79,648,946 | ||||||
| Investments | 249,300,348 | 229,073,465 | ||||||
| Other assets | 431,802 | 1,305,344 | ||||||
| Fixed assets, net | 15,696,458 | 17,566,435 | ||||||
| Total Assets | $358,702,840 | $335,932,264 | ||||||
| Liabilities | ||||||||
| Accounts payable and other liabilities | 107,497 | 417,206 | ||||||
| Deferred revenue | 273,586 | 255,000 | ||||||
| Due to Florida International University | 2,206,451 | 2,539,417 | ||||||
| Due to FIU Athletics Finance Corporation | 95,000 | - | ||||||
| Split-interest obligations | 746,137 | 882,014 | ||||||
| Funds held for others | 3,622,400 | 1,962,240 | ||||||
| Note payable, net | 4,574,758 | 5,347,289 | ||||||
| Total Liabilities | $11,625,829 | $11,403,166 | ||||||
| Net Assets: | ||||||||
| Unrestricted | 32,466,034 | 27,009,655 | ||||||
| Temporarily restricted | 101,704,424 | 87,854,851 | ||||||
| Permanently restricted | 212,906,553 | 209,664,592 | ||||||
| Total Net Assets | $347,077,011 | $324,529,098 | ||||||
| Total Liabilities and Net Assets | $358,702,840 | $335,932,264 | ||||||