2014 Project Redwood Financial Report


Looking Back Five Years:
Contributions, Non-Grant Expenses, and Grants
financial bar chart 2014 AR v3


Cumulative through 2014:

Contributions: $1,640,407
Non-Grant Expenses: $189,870
Grants: $1,295,224

Summary of 2014 Fund Activity


Cycle Eight: 1/1/2014 through 12/31/2014


Opening Balance (1/1/2013) $199,941
Add - Revenue:
Charter Partner pledge contributions (note 1) $138,933
Additional contributions (note 2) $137,939
Total Contributions $276,872
Earnings (loss) on invested funds (RPA, note 3) $731
Total Revenue$277,601

Less - Disbursements:
Grants disbursed (note 4) $252,600
Program-related Expenses (note 5) $4,447
Administrative and Grantmaking Services (RPA, note 6) $33,317
Basis Point Fun Management Assessment (RPA, note 7) $418
Total Disbursements $290,782

Ending Balance 12/31/2014$186,762
Less - Commitments:
Program-related (website, mailing, annual meeting) $3,320
Grant commitments - Current year outstanding (note 8) $25,000
Total Commitments $28,320
Funds Available 12/31/2014 (note 9) $158,442

Notes on Financial Statements
1 Contributions received from 66 partners.
2 Contributions beyond charter partner pledges received.
3 Contributed funds pooled and invested by RPA. Sum of monthly blended returns.
4 Grant support provided for 12 projects in Grant Cycle 8 and core support provided for Design for Extreme Affordability projects.
5 Software and mailings for classmates.
6 Contributions receipt and acknowledgement, accounting, vetting of grant applications. Includes one-time assessment to move from "grants made" to "contributions received" basis.
7 Management of invested funds.
8 EDEA and one remaining Cycle 8 grant.
9 Ninth Grant Cycle is planned for fall 2015.

Project Redwood is organized as a special project fund of Rockefeller Philanthropy Advisors (RPA). RPA provides us with invaluable support in consulting, in final vetting of grant applications, and under their umbrella 501(c)(3) designation, in receiving tax deductible donations and operating as a grant-making organization. For more information, go to rockpa.org.