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 Statements 1 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.
