For the Eleven Years ending 2017:Total Contributions: $2,419,513Total Grants: $2,004,745Non-Grant Expenses: $279,412
Summary of 2017 Fund Activity
Cycle Eleven: 1/1/2017 through 12/31/2017
Opening Balance (1/1/2017)
$130,917
Add - Revenue:
PRW Partner pledge contributions MBA80 (note 1)
$234,253
PRW Contributions (note 2)
$1,600
Total Contributions
$225,853
Other Revenue (note 3)
$9,233
Total Revenue
$235,086
Less - Disbursements:
Grants disbursed (note 4)
$195,250
Program-related Expenses (note 5)
$8,780
Administrative and Grantmaking Services (Tides, note 6)
$7,454
Credit Card Donation Processing (Tides, note 7)
$3,377
Total Disbursements
$214,861
Ending Balance 12/31/2017
$151,142
Less - Commitments:
Program-related (website, mailing, contingency)
$5,460
Grant commitments - Current year outstanding (note 8)
$0
Total Commitments
$5,460
Funds Available 12/31/2017 (note 9)
$145,682
Notes on Financial Statements1 Contributions received from Stanford GSB MBA80 class members.2 Contributions received from other donors.3 Return of unexpended funds from a prior-year grant ($9289) less loss on sale of contributed securities ($53) and prior year adjustment ($3).4 Grant support provided for 8 projects in 2017 Grant Cycle.5 Software and mailings to classmates, annual meeting, Africa Forum meeting, and Stanford Magazine ad placement.6 Fiscal sponsorship functions, including contribution receipt & acknowledgement, accounting, vetting of grant applications.7 On-line donation processing through Click & Pledge.8 All Cycle 11 grants were awarded during 2017.9 Twelfth Grant Cycle is planned for Summer 2018.
Project Redwood is organized as a Collective Action Fund of Tides Foundation. Tides Foundation provides us with invaluable support in consulting; in final vetting of grant applications; and, under their umbrella 501c3 designation, in receiving tax deductible donations and operating as a grant-making organization. For more information about Tides Foundation, go to https://www.tides.org.
