Investor Presentaiton
University of South Carolina Upstate Foundation and Supporting Organization
Consolidated Statements of Financial Position
June 30, 2022 and 2021
Assets
2022
2021
Cash and cash equivalents
$
Unconditional promises to give, net
161,169
1,350,500
966,713
62,500
Annuity receivable
209,986
Other receivables
301
Investments
15,071,006
16,523,929
Assets held in charitable remainder trust
281,264
325,661
Total assets
$
16,863,939
$
18,089,090
Liabilities and Net Assets
Liabilities:
Accounts payable
41,256
$
64,356
Deferred grant revenue
175,000
Liability under charitable remainder trusts
184,921
226,944
Annuity obligation
209,986
Total liabilities
401,177
501,286
Net assets:
Net assets without donor restrictions
849,868
1,452,826
Net assets with donor restrictions
15,612,894
16,134,978
Total net assets
16,462,762
17,587,804
Total liabilities and net assets
16,863,939
$
18,089,090
3
See accompanying notes.View entire presentation