2021 Annual Report - Finances

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Finances

FISCAL YEAR 2021 / JULY 1, 2020 – JUNE 30, 2021

Ploughshares Fund is proud to report another strong year of support from our donors. To ensure maximum impact, all annual contributions go directly toward grantmaking and programmatic activity, with nothing subtracted for administration or development (these are paid for by the Fund’s Board of Directors and a draw from our capital reserve). This year 77% of our total budget was spent on grantmaking and programmatic activity.

In fiscal year 2021, Ploughshares Fund’s long-term investments gained $7,562,677 compared to a loss of $325,789 in 2020. Of the 2021 total assets, $32,148,853 is held in our long-term capital reserves, which were established to ensure our ability to continue our mission to reduce and eliminate nuclear weapons in face of the challenges and opportunities that may arise. This portfolio is actively managed by an investment committee with the counsel of an investment manager.

Financial Report 1

FISCAL YEAR 2021 / JULY 1, 2020 – JUNE 30, 2021
SUPPORT AND REVENUE 2021 2020
Contributions 5,350,404 7,543,575
Investment return 7,562,677 -325,789
TOTAL SUPPORT AND REVENUE 12,913,081 7,217,786
EXPENSES 2021 2020
Program Services    
Grants from Ploughshares Fund 3,655,500 4,427,229
Grants from Cowles Fund 301,000 373,000
Program Activity 1,493,364 1,730,497
Supporting Services    
General administration 649,592 671,673
Development 1,016,823 1,002,973
TOTAL EXPENSES 7,116,279 8,205,372

 

ASSETS AND LIABILITIES 2021 2020
TOTAL ASSETS 2 35,002,936 28,889,354
TOTAL LIABILITIES 1,575,985 1,259,205
NET ASSETS    
Without donor restrictions 4,927,722 2,188,599
With donor restrictions 28,499,229 25,441,550
 
TOTAL LIABILITIES AND NET ASSETS 35,002,936 28,889,354

  1. Complete audited financial statements areavailable upon request. The abovenumbers havebeen audited.
  2. These assets include investments in Ploughshares Fund’s Pooled Income Fund.

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