Appalachian State University Foundation Inc


2006-07 Annual Report – Highlights

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Fiscal year ending June 30, 2007 (in millions)
Foundation net assets at beginning of year
$71.29
Income
Contributions
11.21
Net investment income
8.91
Other income
0.18
Total Income
20.30
University support and expenses
University program support
9.17
Scholarship grants
1.84
University advancement
0.47
Administrative expense
0.08
Total University support
11.56
Allowance for uncollectible receivables
(0.17)
Change in split interest obligations
0.14
Total University support and expenses
11.53
Foundation net assets at year-end
$80.06