Statement of Financial Position

June 30, 2007 and 2006

2007

2006

Assets

Cash and cash equivalents	$	60,226	$	104,061
Receivables		1,728,626		1,247,385
Investments		47,435,919		38,736,235
Split interest agreements		3,132,253		2,387,949
Prepaid expenses		1,875		775
Total Assets	$	52,358,899	$	42,476,405

Liabilities and Net Assets

Liabilities

Grants payable	$	688,838	$	723,059
Accounts payable and accrued expenses		61,716		27,414
Present value of annuity payments		1,771,814		1,441,216
Agency fund endowments		20,372,936		17,564,152
Other liabilities		14,871		-
Total liabilities	$	22,910,175	$	19,755,841

Net Assets
Unrestricted:

	Board Designated		1,093,700		1,090,700
	Undesignated		20,062,291		14,474,832

Temporarily restricted		2,529,287		1,750,859
Permanently restricted		5,763,446		5,404,173
Total net assets		29,448,724		22,720,564
Total liabilities and net assets	$	52,358,899	$	42,476,405

This financial report represents the activity for the Catholic Community Foundation for the fiscal years July 1, 2005 – June 30, 2006, and July 1, 2006 – June 30, 2007, as approved and accepted by its Board of Directors. For a full copy of the audited financial statements, contact the Foundation office at 602-354-2400.