the  m p w c Foundation,  inc. 

endowment
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2014 NOTE - with changes caused by the Andy Blair tragedy (see Shocker) as well as SMA grantees' resultant reduced compliance with our Transparency and Continuity requirements, it now appears that we will NOT be making perpetual distributions to SMA grantees that require any future reporting.  Instead we expect to issue one-time cash grants in accordance with the explanations on our allocations webpage.   As a result, some of the below information may now be no longer applicable.

Use the below ENDOWMENT TEMPLATE for your annual report of beginning of year Endowment assets (use previous year's "end of year" information as a starting "beginning" point), enter all of the year's transactions that reconcile the individual beginning valuations with the ending valuations that occurred during the year, and then create the mathematically-proved (AND consistent with actual physical presence in the Endowment account labeled appropriately) listing of end of year assets.   Refer to the webpage how to do it for examples of how to both do this AND handle mergers, splits, purchases, sales, etc.  

Preparation notes:  If necessary, additional blank lines may be added or unnecessary lines deleted.  The below table is only a TEMPLATE which should be used for COPYING and then filled in and sent.

The below statements form the "Report of the Endowment Assets" for the (insert name of San Miguel organization) for the 12-months ended ____/____/20__)  It should probably best be prepared on a spreadsheet whose format can be re-used when copied from year to year.

We certify that these assets are kept physically segregated from all other assets and are kept in a completely separate brokerage account at _______________(insert name, address) _____________ (the brokerage statements for all of the year's transactions as well as the end of year statement are also attached).   This statement has been prepared by _________insert name, position)____________ and was completed on ____date____.  Both the physical presence and the mathematical accuracy of the below information was verified by _____(name, position)______.  The reconciliation of the beginning valuation to the ending valuation is at the bottom.

 ----Beginning of year information----

 This is "EXAMP-20xx- Endowment Assets" 

---END of year information--------

company name# shares$ per sharevaluationDescription of transactions this year (sales, purchases, splits, dividends paid in extra shares. merger changes, etc.)company name s# shares$ per sharevaluation

income received this year

_____________________
xxxxxxxxxxxxxxxxxx$Totalsxxxxxxxxxxxxxxxxxxx$$

Reconciliation of the beginning VALUATION to the ending VALUATION follows:

Beginning valuation, which must be EXACTLY the same as last year's ending valuation    
Add sales proceeds, net of commissions, as listed above    
Add income received this year, as shown above    
Add all other receipts (and explain details)    

Subtotal of Additions to cash

   
Subtract costs of purchases, including commissions, as listed above    
Subtract distributions of cash to our mission's beneficiaries    
Subtract all other cash paid out (other than for the above, and explain why this cash was paid out in a note (#1, #2, #3, etc))    

Subtotal of Subtractions from cash

   
Subtotal of above prior to recording this year's gain or (loss) on valuation due to market fluctuation - this accounts for the net changes in cash    
Ending valuation, which agrees with the above listing of ending values    

Excess (or deficiency) of changes in valuation due solely to this past year's market fluctuations

   
Cumulative Excess (or deficiency) of changes in valuation as computed last year and shown on last year's Endowment Assets Report..    
CUMULATIVE EXCESS (OR DEFICIENCY) since original receipt of the MPWCF's dissolution distribution     

Reconciliation of the beginning CASH to the ending CASH follows:

Cash at beginning of the year, same as ending cash for last year   $
Add dividends and other income as shown above    $  
Add proceeds of sales of securities sold this year as shown above    $  
Add any other items (and explain) $ $
Subtract purchases of new shares as shown above $  
Subtract monies paid out in support of our organization's mission $  
other subtractions (explain) $  
Cash at end of year, agreeing with bank statement and is mathematically in agreement with the above   $

Notes supporting the above Statements regarding our Endowment from the MPWCFoundation:

#1

#2 

#3 

 

Signed by _________________________________________ Chief Executive of your organization

 

Signed by _________________________________________ Chief Financial Executive of your organization

 

Signed by _________________________________________ person who prepares the annual input for the MPWCF for your organization

 

Signed by _________________________________________ person who checks all of the annual input for the MPWCF for your organization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“Underpromise and Overdeliver”

Some, but not all, pages on this web-site were selectively modified as recently as the date shown at the bottom of the MPWCFoundation home web-page. This entire web-site is copyrighted © 2000-2016 by The Michael Paul Wein Charitable Foundation, Inc  

QUESTIONS OR COMMENTS about this web-site? E-mail us at mpwcfoundation@gmail.com. SPECIFY EXACTLY (using copy and paste) (and include the page name, i.e., the URL link) what your question or comment refers to.