Surdna Foundation, Inc.
Financial Statements
and Supplemental Material
Years Ended June 30, 2010 and 2009
The report accompanying these financial statements was issued by
BDO USA, LLP, a Delaware limited liability partnership and the U.S. member
of BDO International Limited, a UK company limited by guarantee.
Surdna Foundation, Inc.
Financial Statements
and Supplemental Material
Years Ended June 30, 2010 and 2009
Surdna Foundation, Inc.
Contents
Independent Auditors’ Report
3
Financial Statements:
Statements of Financial Position as of June 30, 2010 and 2009
4
Statements of Activities for the Years Ended June 30, 2010 and 2009
5
Statements of Functional Expenses for the Years Ended June 30, 2010 and
2009
6
Statements of Cash Flows for the Years Ended June 30, 2010 and 2009
7
Notes to Financial Statements
8-20
Independent Auditors’ Report on Supplemental Material
21
Supplemental Material:
Investments at Market or Fair Value at June 30, 2010
22-31
Grants at June 30, 2010
32-50
Budgetary Reconciliation of the Cash Basis to the Accrual Basis at June 30,
2010
2
51
Tel: +212 885-8000
Fax: +212 697-1299
www.bdo.com
100 Park Avenue
New York, NY 10017
Independent Auditors’ Report
Board of Directors
Surdna Foundation, Inc.
New York, New York
We have audited the accompanying statements of financial position of Surdna Foundation, Inc.
(the “Foundation”) as of June 30, 2010 and 2009, and the related statements of activities,
functional expenses and cash flows for the years then ended. These financial statements are the
responsibility of the Foundation’s management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the
United States of America. Those standards require that we plan and perform the audits to
obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes consideration of internal control over financial reporting as a
basis for designing audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the Foundation’s internal control over
financial reporting. Accordingly, we express no such opinion. An audit also includes examining,
on a test basis, evidence supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the financial position of Surdna Foundation, Inc. at June 30, 2010 and 2009 and
changes in net assets and cash flows for the years then ended, in conformity with accounting
principles generally accepted in the United States of America.
February 10, 2011
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part
of the international BDO network of independent member firms.
BDO is the brand name for the BDO network and for each of the BDO Member Firms.
3
Surdna Foundation, Inc.
Statements of Financial Position
June 30,
Assets
Cash and cash equivalents (Note 2)
Investments at market or fair value (Notes 2 and 3)
Investments in limited partnerships and hedge funds
(Notes 2 and 3)
Accrued interest, dividends and other assets
Excise tax receivable (Notes 2 and 6)
Collateral received under securities lending agreements
(Note 3)
Fixed assets, net of accumulated depreciation and
amortization of $403,228 and $941,881 (Notes 2 and 4)
Total Assets
Liabilities and Net Assets
Liabilities:
Grants payable (Note 5)
Due to brokers (Note 11)
Collateral payable under securities lending agreements
(Note 3)
Accrued expenses payable
Total Liabilities
Commitments and Contingencies (Notes 8, 9, 11 and 12)
Net Assets:
Unrestricted:
Activities
Unrealized loss on investments
Total Net Assets
Total Liabilities and Net Assets
2010
$
129,699
189,221,098
2009
$
212,763
174,639,272
546,438,934
203,174
1,030,000
513,009,355
73,788
400,000
16,718,568
3,819,359
1,245,052
1,360,766
$754,986,525
$693,515,303
$ 16,041,500
161,254
$ 16,722,000
96,925
16,718,568
1,230,502
3,819,359
642,423
34,151,824
21,280,707
735,068,934
(14,234,233)
732,561,509
(60,326,913)
720,834,701
672,234,596
$754,986,525
$693,515,303
See accompanying notes to financial statements.
4
Surdna Foundation, Inc.
Statements of Activities
(Unrestricted)
Year ended June 30,
Revenues:
Distributions from John E. Andrus Trusts (Note 7)
Investment income:
Net realized loss on sale of investments
Net change in unrealized gain (loss) on investments
Interest
Dividends
Equity in net income (loss) of investments in partnerships
and companies
2010
$ 1,736,768
2009
$
1,592,713
(6,672,730)
25,197,973
3,769,500
8,886,013
(12,888,498)
(65,872,652)
4,517,144
13,843,717
58,185,727
(122,059,248)
Total Investment Income (Loss)
89,366,483
(182,459,537)
Total Revenues
Expenses:
Program expenses:
Grants
Operating and administrative expenses
91,103,251
(180,866,824)
33,353,492
6,379,614
38,678,619
6,569,463
39,733,106
45,248,082
2,431,003
163,122
175,915
2,115,943
385,717
135,620
2,770,040
2,637,280
42,503,146
47,885,362
48,600,105
672,234,596
(228,752,186)
900,986,782
Total Program Expenses
Other expenses:
Investment management fees (Note 11)
Federal excise tax (Notes 2 and 6)
Depreciation and amortization
Total Other Expenses
Total Expenses
Change in Net Assets
Net Assets, Beginning of Year
Net Assets, End of Year
$720,834,701
$ 672,234,596
See accompanying notes to financial statements.
5
Surdna Foundation, Inc.
Statements of Functional Expenses
(Operating and Administrative Expenses)
Year ended June 30,
Staff salaries
Fringe benefits
Payroll taxes and unemployment
Per diem salaries/bookkeeper
Rent (Note 9)
Staff expenses
Directors’ expense - quarterly travel
Directors’ expense - grant related
Consultants – general/program
Consultants – Arts program
Memberships
Legal fees
Office supplies
Stationery/printing/annual report
Audit and tax review fees
Internet/software
Conference/registration
Telephone
Insurance
Service contracts
Books and subscriptions
Postage
Executive search
Tuition reimbursement
Miscellaneous
Total Operating and Administrative Expenses
2010
$2,745,139
568,421
206,316
52,954
879,131
279,101
104,969
17,583
415,230
319,144
97,098
135,551
102,006
34,410
79,000
46,286
16,141
73,311
50,693
7,836
10,489
66,076
17,946
54,783
2009
$2,744,473
578,361
202,080
63,272
877,567
350,234
153,028
39,562
502,081
129,974
113,779
244,941
110,854
56,753
107,000
52,431
17,394
62,243
42,712
3,000
39,529
24,883
497
52,815
$6,379,614
$6,569,463
See accompanying notes to financial statements.
6
Surdna Foundation, Inc.
Statements of Cash Flows
Year ended June 30,
Cash Flows From Operating Activities:
Change in net assets
Adjustments to reconcile change in net assets to net cash
used in operating activities:
Depreciation and amortization
Net realized losses on sales of investments
Net unrealized (gains) losses on investments
(Income) losses from partnerships
Decrease (increase) in:
Accrued interest, dividends and other assets
Excise tax receivable
Increase (decrease) in:
Grants payable
Due to broker
Excise tax payable
Accrued expenses payable
Net Cash Used in Operating Activities
Cash Flows From Investing Activities:
Proceeds from sale of investments
Purchases of investments
(Increase) decrease in collateral received under securities
lending
Decrease (increase) in collateral payable from securities
lending
Purchases of fixed assets
2010
$ 48,600,105
2009
$(228,752,186)
175,915
6,672,730
(46,092,680)
(37,291,020)
135,620
12,888,498
65,872,652
122,059,248
(129,386)
(630,000)
374,140
(400,000)
(680,500)
64,329
588,079
1,462,930
(20,094,409)
(150,000)
142,006
(28,722,428)
(46,461,501)
138,818,343
(110,118,778)
248,539,920
(201,278,260)
(12,899,209)
23,707,812
Net Cash Provided By Investing Activities
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents, Beginning of Year
12,899,209
(60,201)
(23,707,812)
(676,801)
28,639,364
46,584,859
(83,064)
212,763
123,358
89,405
Cash and Cash Equivalents, End of Year
$
129,699
$
212,763
Supplemental Disclosure of Cash Flow Information:
Cash paid for Federal excise tax
$
830,000
$
600,000
See accompanying notes to financial statements.
7
Surdna Foundation, Inc.
Notes to Financial Statements
1. Description of the Organization
The Surdna Foundation, Inc. (the “Foundation”) is a family foundation established in 1917 by John
E. Andrus and incorporated under the Not-for-Profit Corporation Law of the State of New York.
The Foundation seeks to foster just and sustainable communities in the United States –
communities guided by principles of social justice and distinguished by healthy environments,
strong local economies, and thriving cultures.
Location:
330 Madison Avenue
30th Floor
New York, New York 10017-5001
www.surdna.org
Directors:
John E. Andrus, III
Elizabeth H. Andrus
David Grant
Lawrence S.C. Griffith
John F. Hawkins
Josephine B. Lowman
Nadya K. Shmavonian
Edith D. Thorpe
Kelly D. Nowlin
Bruce Abernethy
Jocelyn Downie
Peter B. Benedict, II
Michael S. Spensley
Thomas H. Castro
-
Director, Chairman Emeritus
Director
Director
Director
Director
Director and Chairperson of the Board
Director
Director
Director
Director
Director
Director
Director
Director
2. Summary of Significant Accounting Policies
(a)
Basis of Presentation
The financial statements have been prepared on an accrual basis. In the statement of financial
position, assets are presented in order of liquidity or conversion to cash and liabilities are
reflected in order of their maturity resulting in the use of cash.
(b)
Financial Statement Presentation
The classification of the Foundation’s net assets and its support, revenue and expenses is based on
the existence or absence of donor-imposed restrictions. It requires that the amounts for each of
three classes of net assets, permanently restricted, temporarily restricted, and unrestricted, be
displayed in a statement of financial position and that the amounts of change in each of those
classes of net assets be displayed in a statement of activities.
8
Surdna Foundation, Inc.
Notes to Financial Statements
These classes are defined as follows:
Permanently Restricted – Net assets resulting from contributions and other inflows of assets
whose use by the Foundation is limited by donor-imposed stipulations that neither expire by
passage of time nor can be fulfilled or otherwise removed by actions of the Foundation.
Temporarily Restricted – Net assets resulting from contributions and other inflows of assets
whose use by the Foundation is limited by donor-imposed stipulations that either expire by
passage of time or can be fulfilled and removed by actions of the Foundation pursuant to those
stipulations.
Unrestricted – The part of net assets that is neither permanently nor temporarily restricted by
donor-imposed stipulations.
(c)
Cash and Cash Equivalents
The Foundation considers all cash and highly liquid debt instruments purchased with an original
maturity of three months or less at time of purchase to be cash equivalents.
(d)
Investments at Market or Fair Value
Financial instruments are carried at fair value. The Foundation adopted Accounting Standards
Codification (“ASC”) 820, “Fair Value Measurements” (prior authoritative literature Statement of
Financial Accounting Standards (“SFAS”) No. 157). This statement defines fair value, establishes a
framework for measuring fair value and expands the disclosures about fair value measurements.
ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the measurement date in a
principal or most advantageous market. Fair value is a market-based measurement that is
determined based on inputs, which refer broadly to assumptions that market participants use in
pricing assets or liabilities. These inputs can be readily observable, market corroborated, or
unobservable. ASC 820 established a fair value hierarchy, which prioritizes the inputs to valuation
techniques used to measure fair value in three broad levels. The standard requires that assets and
liabilities be classified in their entirety based on the level of input that is significant to the fair
value measurement. Assessing the significance of a particular input may require judgment
considering factors specific to the asset or liability, and may affect the valuation of the asset or
liability and their placement within the fair value hierarchy. The Foundation classifies fair value
balances based on the fair value hierarchy defined by ASC 820 as follows:
Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or
liabilities. An active market for the asset or liability is a market in which transactions for the asset
or liability occur with sufficient frequency and volume to provide pricing information on an
ongoing basis. Valuation adjustments and block discounts are not applied to Level 1 instruments.
Level 2 - Valuations based on quoted prices in markets that are not active or for which all
significant inputs are observable, either directly or indirectly.
Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value
measurement.
9
Surdna Foundation, Inc.
Notes to Financial Statements
Investments in equity securities with readily determinable market values and investments in debt
securities are valued at their fair values in the statements of financial position. Income from
investments, including unrealized gains and losses, are reported in the statement of activities as
change in unrestricted net assets unless the use of the income is limited by donor-imposed
restrictions.
(e)
Securities Transactions and Portfolio Valuations
Securities transactions and related income and expenses are recorded on a trade date basis. The
Foundation’s investments in securities are valued at market value on the financial statement date
based upon the last reported sales price on the largest recognized exchange on which they are
traded or, if no trading took place on that date, at the last quoted “bid” price for investments in
securities owned. The resulting unrealized gains and losses are included in the statements of
activities.
(f)
Investments in Investment Partnerships and Investment Companies
The Foundation’s investments in investment partnerships and investment companies are
accounted for under the equity method. These investments are stated at fair value based upon
the Foundation’s equity interest reported by the investment entities.
(g)
Investment Impairment
The Foundation’s investments consist of money market funds, equities, fixed income, hedge fund
of funds and limited partnerships. At June 30, 2010, the Foundation has deemed that all
securities, which were in an unrealized loss position, were temporarily impaired. Positive
evidence considered in reaching the Foundation’s conclusion that the unrealized loss for equity
securities is not other-than-temporary consisted of:
a.
the ability and intent to retain the investment for a sufficient amount of time to allow an
anticipated recovery in value; and
b.
determining that the changes in market value were reasonable in relation to overall
fluctuations in market conditions.
The Foundation considered the following evidence in reaching the conclusion that the unrealized
loss on fixed income instruments was not other-than-temporary:
a.
whether or not it intended to sell its investments before the full recovery of cost basis; and
b.
whether or not it will be required to sell its investments before the full recovery of cost
basis.
10
Surdna Foundation, Inc.
Notes to Financial Statements
(h)
Fixed Assets
Fixed assets are stated at cost or at their fair market value at the time of their donation. The
Foundation capitalizes additions in excess of $500 that are purchased and donated if the
estimated useful life is greater than one year. Depreciation is computed over the estimated useful
lives of the assets by the straight-line method for financial reporting as follows:
Furniture, fixtures and equipment
Leasehold improvements
(i)
5 years
11 years
Income Taxes
The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal
Revenue Code and has been classified as a “private foundation”. Provisions have been made for
Federal excise tax on net investment income.
The Internal Revenue Code provides that each year the Foundation must make certain minimum
qualifying distributions equal to approximately 5% of the average fair market value of its assets.
The minimum distribution requirements for the fiscal year ended June 30, 2010 has been satisfied.
(j)
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could differ from those estimates.
(k)
Net Asset Classifications
The Foundation adopted ASC 980-205, formerly known as Financial Accounting Standards Board
(“FASB”) Staff Position No. 117-1 (“FSP No. 117-1”), “Endowments of Not-for-Profit Organizations:
Net Asset Classification of Funds Subject to Enacted Version of Uniform Prudent Management of
Institutional Funds Act (“UPMIFA”), and Enhanced Disclosures for all Endowment Funds” during
2009. This statement provides guidance on classifying the net assets (equity) associated with
donor-restricted endowment funds held by organizations that are subject to an enacted version of
UPMIFA, which serves as a model act for states to modernize their laws governing donor-restricted
endowment funds.
11
Surdna Foundation, Inc.
Notes to Financial Statements
(l)
Recently Issued Accounting Pronouncement
New York Prudent Management of Institutional Funds Act
On September 17, 2010, New York State enacted the New York Prudent Management of
Institutional Funds Act (“NYPMIFA”). This law, which is a modified version of the Uniform Prudent
Management of Institutional Funds Act, makes significant changes to the rules governing how New
York not-for-profit organizations may manage, invest and spend their endowment funds. The new
law is designed to allow organizations to cope more easily with fluctuations in the value of their
endowments and to afford them greater access to funds needed to support their programs and
services in difficult financial times. This should provide some relief to organizations that, due to
the recent economic downturn, have found themselves with underwater endowments. It also
expands the options available to organizations seeking relief from donor restrictions on funds that
have become obsolete, impracticable or wasteful. NYPMIFA applies to New York not-for-profit,
education and religious corporations, associations organized and operated exclusively for
charitable purposes, and certain trusts.
Management does not believe that NYPMIFA will have a material effect on the Foundation’s net
assets.
(m)
Accounting for Uncertainty in Income Taxes
The Foundation adopted the provisions of ASC 740, “Income Taxes” (relevant portions of which
were previously addressed in FASB Interpretation No. 48, “Accounting for Uncertainty in Income
Taxes”), and Accounting Standards Update (“ASU”) 2009-06, “Implementation Guidance on
Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities”,
on July 1, 2009. Under ASC 740, an organization must recognize the tax benefit associated with
tax positions taken for tax return purposes when it is more likely than not the position will be
sustained upon examination by a taxing authority. The Foundation does not believe it has taken
any material uncertain tax positions and, accordingly, it has not recorded any liability for
unrecognized tax benefits. The Foundation has filed for and received income tax exemptions in
the jurisdictions where it is required to do so. Additionally, the Foundation has filed Internal
Revenue Service (“IRS”) Form 990-PF information returns, as required, and all other applicable
returns in jurisdictions where so required. No interest or penalties were accrued as a result of
adopting ASC 740. For the year ended June 30, 2010, there was no interest or penalties recorded
or included in the statement of activities.
3. Investments at Market or Fair Value
(a)
Investments at market or fair value categorized by investment type are as follows:
June 30,
Money market funds
Fixed income
Equity Investments
Total
2010
Market or
Fair Value
Cost
$ 15,344,011 $ 15,344,011
56,587,376
52,332,141
117,289,711
111,769,024
2009
Market or
Fair Value
Cost
$ 8,864,980
$ 8,864,980
60,938,977
59,572,660
104,835,315
121,623,683
$189,221,098
$174,639,272
12
$179,445,176
$190,061,323
Surdna Foundation, Inc.
Notes to Financial Statements
Investments at market or fair value categorized by manager style are as follows:
June 30,
2010
Management style
Domestic Large Cap
Domestic Small Cap
International/Global
Allocation Equity
Fixed Income
Real Asset Inflation Hedge
% of Total
Market or
Fair Value
17.6%
6.8
29.1
38.0
8.5
100.0%
2009
Market or
Fair Value
$ 33,352,600
12,946,070
Cost
$ 32,544,539
10,763,276
55,130,996
71,931,391
15,860,041
54,720,897
67,676,156
13,740,308
$189,221,098
$179,445,176
% of Total
Market or
Fair Value
19.6%
6.5
28.2
40.0
5.7
100.0%
Market or
Fair Value
$ 34,269,235
11,271,028
Cost
$ 36,682,753
10,070,747
49,310,954
69,803,956
9,984,099
61,011,896
68,432,011
13,863,916
$174,639,272
$190,061,323
The Foundation’s assets and liabilities recorded at fair value have been categorized based upon a
fair value hierarchy in accordance with ASC 820. See Note 2 for a discussion of the Foundation’s
policies regarding this hierarchy.
A description of the valuation techniques applied to the Foundation’s major categories of assets
and liabilities measured at fair value are as follows:
Equities
For its investments with asset managers that hold public common and preferred stocks, the
Foundation has position-level transparency into individual holdings. These investments are priced
by the Foundation’s custodian using nationally recognized pricing services based on observable
market data and are classified as Level 1.
Fixed Income
The Foundation has investments in fixed income securities. The Foundation’s custodian prices
these investments using nationally recognized pricing services. The Foundation’s fixed income
investments include U.S. government and agency securities and corporate bonds. Since fixed
income securities other than U.S. Treasury securities generally do not trade on a daily basis, the
pricing services prepare estimates of fair value measurements for these securities using their
proprietary pricing applications which include available relevant market information, benchmark
curves, benchmarking of similar securities, sector groupings and matrix pricing. These investments
are classified as Level 2. U.S. Treasury securities are valued using quoted market prices and are
categorized as Level 1 of the fair value hierarchy.
Commingled Funds
The Foundation invests with several commingled fund managers. For these investments, the
Foundation has ownership interest in the commingled fund but not to the individual positions of
each manager. A significant amount of the Foundation’s commingled investments consists of
liquid, publicly-traded securities. These assets are classified as Level 2 because the Foundation
does not have position-level transparency into the underlying managers. The Foundation also
invests in real estate managers. These assets are classified as Level 3 because the Foundation does
not have position-level transparency into the underlying managers.
13
Surdna Foundation, Inc.
Notes to Financial Statements
The fair value of these investments is determined by each manager using either an in-house
valuation team or a third-party administrative service. The Foundation performs periodic due
diligence procedures on each manager. The financial statements of the investees are audited
annually by independent auditors.
Fund of Funds and Hedge Funds
The Foundation invests with several fund of funds and hedge funds managers. For these
investments, the Foundation has access to underlying managers but not to the individual positions
of each manager. A significant amount of the Foundation’s investments consists of liquid, publiclytraded securities. The fair value of these investments is determined by each manager using either
an in-house valuation team or a third-party administrative service. The Foundation performs
periodic due diligence procedures on each manager. The financial statements of the investees are
audited annually by independent auditors. These assets are classified as Level 3 because the Fund
does not have position-level transparency into the underlying managers.
Limited Partnerships
The Foundation invests in several limited partnerships. For these investments, the Foundation
owns a share of the companies but not individual positions. A significant amount of the
Foundation’s investments consists of equity, fixed income, real estate, and private equity fund
managers. These investments are long-term investments, which require a commitment of capital
for several years and do not have readily observable fair values. Valuation is based on an
assessment of each underlying investment, incorporating valuations that consider the evaluation
of financing and sale transactions with third parties, expected cash flows and market-based
information, performance multiples and changes in market outlook, among other factors. The fair
value of these investments is determined by each manager using either an in-house valuation team
or a third-party administrative service. The Foundation performs period due diligence procedures
on each manager. The financial statements of the investees are audited annually by independent
auditors. These nonpublic investments are included in Level 3 of the fair value hierarchy because
they trade infrequently, and, therefore, the fair value is unobservable.
14
Surdna Foundation, Inc.
Notes to Financial Statements
The following tables present the level within the fair value hierarchy at which the Foundation’s
financial assets and financial liabilities are measured on a recurring basis at June 30, 2010 and
2009:
Money market funds
Fixed income
Equities:
Large capital
Small capital
International
Real assets
Limited partnerships and hedge funds:
Large capital
International
Real assets
Absolute return
Venture capital
Securities received as collateral
Money market funds
Fixed income
Equities:
Large capital
Small capital
International
Real assets
Limited partnerships and hedge funds:
Large capital
International
Real assets
Absolute return
Venture capital
Securities received as collateral
Total at
June 30, 2010
$ 15,344,011
56,587,376
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
$15,344,011
-
Significant
Other
Observable
Inputs (Level 2)
$
56,587,376
Significant
Unobservable
Inputs (Level 3)
$
-
33,352,600
12,946,075
55,130,992
15,860,044
6,524,646
12,946,075
15,860,044
26,827,954
55,130,992
-
-
22,624,676
94,527,226
103,120,533
205,465,973
120,700,526
16,718,568
16,718,568
-
22,624,676
94,527,226
103,120,533
205,465,973
120,700,526
-
$752,378,600
$67,393,344
$138,546,322
$546,438,934
Total at
June 30, 2009
$ 8,864,980
60,938,977
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
$ 8,864,980
-
Significant
Other
Observable
Inputs (Level 2)
$
24,494,404
Significant
Unobservable
Inputs (Level 3)
$
36,444,573
34,274,569
11,218,712
49,310,954
10,032,324
7,828,056
11,218,712
-
26,446,513
49,310,954
10,032,324
-
23,532,350
111,932,377
76,729,366
200,884,730
99,929,288
3,819,359
$691,467,986
3,819,359
$31,731,107
23,532,350
$133,816,545
111,932,377
76,729,366
200,884,730
99,929,288
$525,920,334
15
Surdna Foundation, Inc.
Notes to Financial Statements
The table listed below provides a reconciliation of the beginning and ending net balances for
assets measured at fair value and classified as Level 3 in the fair value hierarchy:
Beginning
Balance at
July 1, 2009
Invested assets:
Fixed income
Limited partnerships and hedge
funds:
Large capital
International
Real assets
Absolute return
Venture capital
$ 36,444,573
111,932,377
76,729,366
200,884,730
99,929,288
$525,920,334
Total Realized
Gain or
(Loss)
$
649,590
(3,121,265)
(3,515,031)
4,517,330
6,360,738
$ 4,891,362
Total
Unrealized
Gain or
(Loss)
Relating to
Instruments
Still Held at
End of
Reporting
Period
Purchases
(Sales),
Other
Settlements
and
Issuances,
Net
$ 2,421,023
$ (3,471,628)
$(36,043,558) $
Ending
Balance at
June 30,
2010
-
5,000,000
(29,000,030)
20,727,094
(19,817,216)
6,629,867
23,532,350
-
22,624,676
94,527,226
103,120,533
205,465,973
120,700,526
$(19,931,913)
$(12,511,208)
$546,438,934
(5,907,674)
14,716,144
9,179,104
19,881,129
7,780,633
$48,070,359
Transfers (To)
From
Level 2
In accordance with ASU 2009-12,the Foundation expanded its disclosures to include the category,
fair value, redemption frequency, and redemption notice period for those assets whose fair value
is estimated using the NAV per share or its equivalent for which the fair value is not readily
determinable:
Investments
SCP Atlantic Fund
Davidson Kempner Institutional
Partners
Indus Asia Pacific Fund
HHR Atlas
Baupost Value Partners
Contrarian Fund I Offshore Limited
Highfields Capital IV LP
Viking Global Equities
Mason Capital
Taconic Offshore Fund
Brookside Cayman
Sirios Overseas Fund
Bennett Offshore Restructuring Fund
Private equity and hedge funds
(b)
Fair Value Estimated Using NAV Per Share at June 30, 2010
Unfunded
Redemption
Redemption
Fair Value
Commitments
Frequency
Notice Period
$ 10,650,010
$
Monthly
60 days
13,181,204
6,610,445
8,389,098
27,428,985
9,777,376
13,370,368
10,697,401
13,479,657
12,625,456
15,845,767
10,957,257
10,863,892
234,626,694
116,500,000
$398,503,610
$116,500,000
Quarterly
Quarterly
Quarterly
Annually
Annually
Annually
Monthly
Annually
Annually
Quarterly
Annually
Quarterly
(b)
65 days
30 days
30 days
180 days
90 days
60 days
45 days
45 days
60 days
60 days
60 days
45 days
(b)
Investments in Investment Partnerships and Investment Companies
The investment entities, which comprise a portion of the Foundation’s investments, invest in
various domestic and international types of securities and derivative financial instruments.
16
Surdna Foundation, Inc.
Notes to Financial Statements
Redemptions of the Foundation’s investments in these investment entities vary, but are primarily
available at month-end, quarter-end, or year-end with appropriate notice. Management fees and
incentive fees are charged by these investment entities at an annual rate ranging from .5% to 2.0%
plus an incentive allocation, usually 20% of profits. These fees are included in the equity in net
income of investments in investment partnerships and investment companies in the accompanying
statements of activities.
(c)
Securities Lending Agreement
The Foundation’s agreement with its Investment Custodian, indicates that it may lend its
securities to certain borrowers as deemed appropriate by the Custodian. The loans are
collateralized at all times with cash or cash equivalents with a market value at least equal to 102%
of the market value of the securities on loan. Any deficiencies of collateral must be delivered or
transferred by the member firms no later than the close of business on the next business day. The
Foundation receives compensation, net of related expenses, for lending its securities which is
included in the statements of activities. At June 30, 2010 and 2009, the Foundation loaned
securities having a total market value of $16,220,660 and $3,705,983 and received related
collateral of $16,718,568 and $3,819,354, respectively. The collateral consisted of cash and cash
equivalents.
4. Fixed Assets, Net
Major classes of fixed assets, net consist of the following:
June 30,
Furniture and fixtures
Equipment
Leasehold improvements
Art work/photographs
2010
89,701
142,350
1,331,829
84,400
$
Total fixed assets
Less: Accumulated depreciation and amortization
Fixed assets, net
1,648,280
(403,228)
$1,245,052
2009
$ 223,612
610,481
1,393,004
75,550
2,302,647
(941,881)
$1,360,766
As of June 30, 2010 and 2009, depreciation and amortization expense was $175,915 and $135,620,
respectively.
5. Grants Payable
Of the grants approved by the Board of Directors through June 30, 2010 and 2009, $16,041,500
and $16,722,000, respectively, are payable to grantees and are subject to satisfaction of certain
conditions by the grantees before payment is made. Any noncompliance with the grant
requirements will result in the return of funds by the grantees.
17
Surdna Foundation, Inc.
Notes to Financial Statements
6. Federal Excise Tax
Under the Internal Revenue Code (“IRC”), the Foundation is assessed a 2% excise tax on net
investment income. Net investment income does not include the increase or decrease in
unrealized gains. The excise tax is reduced by 1% if the Foundation meets certain distribution
requirements under Section 4940(e) of the IRC. The Foundation incurred $163,122 and $385,717
excise taxes during the years ended June 30, 2010 and 2009, respectively. The Foundation
recorded an excise tax receivable of $1,030,000 and $400,000, respectively, as of June 30, 2010
and 2009.
7. John E. Andrus Trust
The Foundation is a 45% income beneficiary of, and remainderman beneficiary in, Trust u/w John
E. Andrus. The expiration term of this trust is determined on the measuring lives of specific
beneficiaries, as specified in the trust instrument.
The Foundation is also an income beneficiary of Trust u/a dated December 21, 1925 made by John
E. Andrus. Income from the trust is received provided that the total principal of the trust exceeds
a specified amount, and that there exists excess income after payments are made for certain
purposes indicated in the trust agreement.
8. Pension Plan
The Foundation has a defined contribution pension plan and funds tax deferred annuity policies
for substantially all employees after six months of service on June 30 or December 31 each year.
Contributions under the pension plan and the deferred tax annuity policies are 9% and 3%,
respectively, of the participant’s salaries. The cost recognized during the years ended June 30,
2010 and 2009 for the pension plan and annuity policies was $282,528 and $261,924, respectively.
9. Commitments
(a) The Foundation is subject to a noncancellable operating lease for 9,260 square feet of office
space that requires minimum annual rent of $389,550 per annum through July 2015. Effective
July 1, 2007, the Foundation amended the lease agreement to occupy an additional 4,800 square
feet that requires minimum annual rent of $384,160 per annum. The lease requires payment of
escalations in utilities, real estate taxes and other expenses. Minimum lease commitments are
summarized as follows:
Fiscal year
2011
2012
2013
2014
2015
Thereafter
Net Leases
$ 786,800
786,800
798,805
810,810
810,810
2,738,347
Net commitment
$6,732,372
18
Surdna Foundation, Inc.
Notes to Financial Statements
Rent expense, including lease payments, utility escalations and other charges for the years ended
June 30, 2010 and 2009 was $879,131 and $773,707, respectively.
(b) The Foundation has agreements with various investment advisory firms. Under the
agreements, the investment managers are authorized to trade the Foundation’s portfolio at their
discretion within investment guidelines established by the Foundation. Fees for services are based
on the market value of portfolio assets under management. Fees incurred for the years ended
June 30, 2010 and 2009 were $2,431,003 and $2,115,993, respectively.
(c)
As of June 30, 2010, the Foundation is a limited partner under the terms of various
partnership agreements. Under the agreements with various investment management firms, the
Foundation was committed to contribute capital of approximately $116 million of additional
investment to certain limited partnerships based on the term of the investment period as defined
in each partnership agreement. While not every partnership draws down all committed capital
and in the same period some partnerships may return income distributions and capital, the
Foundation estimates it may need to fund additional investments totaling approximately $36
million in 2011, $37 million in 2012, $25 million in 2013, $12 million in 2014, and $6 million in
2015. As of June 30, 2010 all capital committed to hedge funds has been called and invested.
10. Related Parties
Some of the Foundation’s directors also serve as directors on the boards of the John E. Andrus
Memorial, Inc., Julia Dyckman Andrus Memorial, Inc. and the Helen A. Benedict Foundation, Inc.
Transactions between the Foundation and John E. Andrus Memorial, Inc. and Julie Dyckman
Andrus Memorial, Inc. consist of paid grants totaling $899,297 and $1,020,927 for the years ended
June 30, 2010 and 2009, respectively.
11. Broker Agreements
The Foundation has agreements with several investment managers to carry its accounts. The
managers have discretion over these assets and, from time to time, cash balances may be due.
Some securities and cash positions serve as collateral for any amounts due to brokers as well as
collateral for securities sold, not yet purchased or purchased on margin.
The Foundation is subject to credit risk if the investment managers are unable to repay balances
due or deliver securities in their custody.
12. Endowments – Net Asset Classifications
The Foundation’s endowments consist of investments that are unrestricted. Under FSP SFAS 117-1,
the following applies to unrestricted endowment funds:
19
Surdna Foundation, Inc.
Notes to Financial Statements
Interpretation of relevant law - the spending of endowment funds by a not-for-profit corporation
in the State of New York is currently governed by the Uniform Management of Institutional Funds
Act (“UMIFA”), as enacted in 1978 in the New York Not-For-Profit Corporation Law. The
Foundation has interpreted UMIFA as requiring the preservation of the historical dollar value, or
principal, of an endowment fund unless the donor provides otherwise by specifying in their written
gift instruments that the not-for-profit corporation’s spending-rate policy be applied to the
endowment funds.
Investment and spending policies - the Foundation has adopted investment and spending policies
for endowment assets that attempt to provide a stream of returns that would be utilized to fund
various activities while seeking to maintain the purchasing power of the endowment assets.
Endowment assets include those assets of donor-restricted funds that the Foundation must hold in
perpetuity, and as directed by the donors and the Board of Directors. The endowment funds are
invested in conservative vehicles such as money market funds and mutual funds.
The Foundation considers the following factors in making a determination to appropriate or
accumulate donor-restricted endowment funds:

the duration and preservation of the funds;

the purposes of the Foundation and the donor-restricted endowment funds;

general economic conditions;

the possible effect of inflation and deflation;

the expected total return from income and the appreciation/depreciation of investments;

other resources of the Foundation; and

the investment policy of the Foundation.
13. Subsequent Events
The Foundation has evaluated subsequent events through February 10, 2011, which is the date
these financial statements were available to be issued. No events arose during the period which
required additional disclosures.
20
Independent Auditors’ Report
on Supplemental Material
Our audits of the basic financial statements included in the preceding section of this report
were made for the purpose of forming an opinion on those statements taken as a whole. The
supplemental material presented in the following section of this report is for purposes of
additional analysis and is not a required part of the basic financial statements. Such information
has been subjected to the auditing procedures applied in the audits of the basic financial
statements and, in our opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
Certified Public Accountants
New York, New York
February 10, 2011
21
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
Description
Money Market Funds:
MFB NI TREASURY MONEY MARKET FUND
3,209,225
908,767
505,000
500,000
355,000
570,000
1,420,000
1,430,000
1,165,000
1,060,000
1,170,000
1,075,000
730,000
485,000
1,816,000
1,715,000
250,000
660,970
1,800,000
800,000
700,000
250,000
186,457
Fixed Income:
MFO PIMCO FDS PAC INVT MGMT SER TOTAL RETURN FD
INSTL CL
SMALL BUSINESS 3.88000011444% DUE 03-01-2019
SMALL BUSINESS 5.07000017166% DUE 01-01-2019
US CENTRAL FEDERAL CRED 1.9 DUE 10-19-2012
WESTN CORP FED CR 1.75% DUE 11-02-2012
UNITED STATES TREAS BDS 8 3/4% 15/5/2017USD1000
8.75% DUE 05-15-2017 REG
UNITED STATES TREAS NTS 4% NTS 15/08/18 USD1000 4%
DUE 08-15-2018 REG
UNITED STATES TREAS NTS DTD 00084 4% DUE02-15-2015
REG
UNITED STATES TREAS NTS DTD 00231 3.125% DUE 05-152019 REG
UNITED STATES TREAS NTS DTD 00250 2.375% DUE 08-312014 REG
UNITED STATES TREAS NTS DTD 11/15/2009 3.375% DUE
11-15-2019 REG
UNITED STATES TREAS NTS NT 2.625% DUE 06-30-2014
REG
UNITED STATES TREAS NTS NT 3.25% DUE 07-31-2016 REG
UNITED STATES TREAS NTS NT 3.5% DUE 05-31-2013 REG
UNITED STATES TREAS NTS UNITED STATES TREAS NOTES
2.5% DUE 03-31-2013 REG
US OF AMER TREAS NOTES 1.75 DUE 01-31-2014 REG
US TREAS NTS 3.125 NTS 31/08/2013 USD1000 3.125 DUE
08-31-2013 REG
US TREAS NTS DTD 00224 .875 DUE 03-31-2011 REG
SMALL BUSINESS ADMIN GTD DEV PARTN CTF 6.22% DUE
12-01-2028 REG
BK OF AMER 3.125 DUE 06-15-2012 FDIC GTD
JPMORGAN CHASE & 3.125% DUE 12-01-2011
MORGAN STANLEY FDIC GTD TLGP NT 3.25 DUE12-012011
WELLS FARGO & CO 3% DUE 12-09-2011
Total Fixed Income
22
Market or Fair
Value
Cost Basis
$ 15,344,011
$ 15,344,011
36,043,560
223,848
986,584
515,418
508,332
32,551,302
212,492
908,767
504,677
499,375
499,607
490,733
626,956
584,030
1,567,214
1,533,040
1,459,828
1,384,899
1,204,410
1,169,418
1,097,845
1,057,079
1,223,107
1,139,584
784,465
1,188,548
1,093,775
773,917
506,976
1,845,227
494,853
1,787,900
1,825,403
251,055
1,788,898
248,780
736,777
1,879,794
827,611
660,970
1,799,622
799,504
725,280
108,495
699,762
99,800
56,587,376
52,332,141
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
1,700
3,800
1,600
3,050
687
1,352
5,300
1,800
1,400
5,200
1,600
900
1,500
400
3,100
800
3,200
5,600
2,200
1,500
500
3,000
900
1,300
2,200
2,300
4,000
2,900
1,400
3,600
900
3,778
1,300
3,200
1,500
2,500
2,000
1,000
400
2,000
1,200
1,400
2,500
900
400
1,900
1,600
1,200
Market or Fair
Value
Description
Equity Investments:
ABAXIS INC COM
$
ADR ICON PUB LTD CO
AG GROWTH INTERNATIONAL INC COMM STOCK
ALBERTO-CULVER CO NEW COM STK
ALLIANT TECHSYSTEMS INC COM
ALPHA NAT RES INC COM STK
AMERN MED SYS HLDGS INC COM STK
AMERN STS WTR CO COM
AMSURG CORP COM
APTARGROUP INC COM
ASTEC INDS INC COM
BADGER METER INC COM
BALCHEM CORP COM
BK HAW CORP COM
BLACKBAUD INC COM
BOSTON BEER INC CL A CL A
BRIGHAM EXPL CO COM
BROOKLINE BANCORP INC DEL COM BROOKLINE BANCORP
INC +
BROWN & BROWN INC COM
BUCYRUS INTL INC NEW COM CL A
CAPELLA ED CO COM
CARBO CERAMICS INC COM
CARRIZO OIL & GAS INC COM
CHARLES RIV LABORATORIES INTL INC COM
CHART INDS INC COM PAR $0.01 COM PAR $0.01
CHURCH & DWIGHT INC COM
CLARCOR INC COM
COMPASS MINERALS INTL INC COM
COMSTOCK RES INC COM NEW COM NEW
CONCHO RES INC COM STK
CULLEN / FROST BANKERS INC COM
DENBURY RES INC HLDG CO COM NEW
DENTSPLY INTL INC NEW COM
DIME CMNTY BANCSHARES INC COM
DIONEX CORP COM
DONALDSON INC COM
EXPONENT INC COM STK
FACTSET RESH SYS INC COM STK
FIRST FINL BANKSHARES INC COM
FLOWERS FOODS INC COM
FORRESTER RESH INC COM
FORWARD AIR CORP COM
GENTEX CORP COM
GRACO INC COM
GREENHILL & CO INC COM
HAEMONETICS CORP MASS COM
HANOVER INS GROUP INC COM
HARLEYSVILLE GROUP INC COM
23
36,431
109,782
53,647
82,625
42,635
45,792
117,236
59,652
24,948
196,664
44,368
34,821
37,500
19,340
67,487
53,965
49,216
49,728
42,108
71,175
40,675
216,570
13,977
44,473
34,276
144,233
142,080
203,812
38,808
199,188
46,260
55,310
38,883
39,456
111,690
106,625
65,440
66,990
19,236
48,860
36,312
38,150
44,950
25,371
24,452
101,688
69,600
37,236
Cost Basis
$
36,635
53,725
56,512
45,542
13,137
25,542
92,906
66,114
33,215
83,181
55,004
38,809
36,007
14,616
61,013
35,120
52,618
64,381
16,169
37,113
40,220
127,156
25,077
36,459
52,584
50,952
116,499
74,071
54,353
85,630
21,938
18,826
14,833
38,577
69,090
44,738
48,042
33,495
21,152
44,887
34,972
39,065
30,771
19,164
24,173
98,664
55,820
38,879
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
2,950
1,200
1,800
1,200
1,900
2,450
2,500
900
1,050
700
600
1,700
400
1,000
1,200
1,500
2,300
2,100
3,100
3,600
1,600
1,500
1,500
1,400
400
2,000
2,600
1,900
3,200
880
2,100
600
700
700
900
1,600
3,000
2,900
1,000
1,500
1,800
3,850
3,500
1,000
4,750
1,600
2,000
1,600
3,500
Market or Fair
Value
Description
Equity Investments (Continued):
HEALTHCARE SVCS GROUP INC COM
HENRY JACK & ASSOC INC COM
HIBBETT SPORTS INC COM STK
HILLENBRAND INC COM STK
IDEXX LABS INC
IMMUCOR INC COM STK
INTREPID POTASH INC COM
J & J SNACK FOODS CORP COM STK NPV
JOY GLOBAL INC COM
LANCASTER COLONY CORP COM
LANDAUER INC COM
LAYNE CHRISTENSEN CO COM
LINCOLN ELEC HLDGS INC COM
LINDSAY CORPORATION COM
LUFKIN INDS INC COM
MAJOR DRILLING GROUP INTL INC COM
MANTECH INTL CORP CL A CL A
MATTHEWS INTL CORP CL A
MERIDIAN BIOSCIENCE INC COM
MICROS SYS INC COM
MWI VETERINARY SUPPLY INC COM STK
NCI INC CL A CL A
NJ RES CORP COM
NORDSON CORP COM
NORTHWEST NAT GAS CO COM
OCEANEERING INTL INC COM
PATTERSON COS INC COM
PETMED EXPRESS INC COM STK
PETROBANK ENERGY & RES LTD COM
PETROHAWK ENERGY CORP COM
PHARMACEUTICAL PROD DEV INC COM
PICO HLDGS INC COM NEW STK
POLARIS INDS INC COM
PSS WORLD MED INC COM
QUALITY SYS INC COM STK
RAVEN INDS INC COM STK
RESOLUTE ENERGY CORP COM
RITCHIE BROS AUCTIONEERS INC COM
RLI CORP COM
ROBBINS & MYERS INC COM
ROFIN SINAR TECHNOLOGIES INC COM
ROLLINS INC COM
RUDDICK CORP COM
SAFETY INS GROUP INC COM
SALLY BEAUTY HLDGS INC COM STK
SCHEIN HENRY INC COM
SIRONA DENTAL SYS INC COM STK
SM ENERGY CO COM
SOLERA HLDGS INC COM
24
$
55,903
28,656
43,128
25,668
115,710
46,673
48,925
37,890
52,595
37,352
36,528
41,259
20,396
31,690
46,788
30,855
97,911
61,488
52,700
114,732
80,416
33,870
52,800
78,512
17,428
89,800
74,178
33,820
113,248
14,934
53,361
17,982
38,234
14,805
52,191
53,936
36,720
52,838
52,510
32,610
37,476
79,657
108,465
37,020
38,950
87,840
69,680
64,256
126,700
Cost Basis
$
56,787
25,138
49,762
27,207
39,688
46,717
62,334
33,116
12,823
38,790
35,881
65,328
18,618
83,868
45,364
36,747
70,156
58,408
53,336
41,059
50,471
26,559
49,368
66,548
16,696
16,731
33,464
35,730
71,135
11,164
27,319
21,646
38,469
15,404
53,295
53,841
37,185
24,367
54,945
42,940
55,904
54,430
105,713
32,315
45,383
28,397
55,851
24,132
77,875
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
1,000
200
1,500
400
700
800
1,200
1,400
1,600
800
800
2,300
700
1,900
4,600
1,800
2,525
5,000
3,800
2,300
4,100
500
3,800
4,200
5,700
750
1,600
5,600
2,400
1,100
4,400
6,800
8,300
3,300
11,500
4,900
4,600
11,100
7,600
7,700
3,700
5,200
1,853
47,200
28,500
25,931
7,961
14,950
Market or Fair
Value
Description
Equity Investments (Continued):
SOUTH JERSEY INDS INC COM
STRAYER ED INC COM
SURMODICS INC COM
TECHNE CORP COM
TELEDYNE TECHNOLOGIES INC COM
TORO CO COM
TRACTOR SUPPLY CO COM
TRIMBLE NAV LTD COM
VALIDUS HOLDING LTD COM STK USD0.175
VALMONT INDS INC COM
VCA ANTECH INC COM STK
WABTEC CORP COM
WEST PHARMACEUTICAL SVCS INC COM
WESTAMERICA BANCORPORATION COM
WESTFIELD FINL INC NEW COM STK
WRIGHT MED GROUP INC COM
ZEBRA TECHNOLOGIES CORP CL A
ALLERGAN INC COM
AMAZON COM INC COM
APPLE INC COM STK
BROADCOM CORP CL A
CME GROUP INC COM STK
FLIR SYS INC COM
FMC TECHNOLOGIES INC COM
GENZYME CORP COM
GOOGLE INC CL A CL A
GRAINGER W W INC COM
ILLUMINA INC COM
INTERCONTINENTALEXCHANGE INC COM
INTUITIVE SURGICAL INC COM NEW STK
IRON MTN INC COM STK
LAS VEGAS SANDS CORP COM STK
NATIONAL OILWELL VARCO COM STK
NIKE INC CL B
QUALCOMM INC COM
SALESFORCE COM INC COM STK
SCHLUMBERGER LTD COM COM
SCHWAB CHARLES CORP COM NEW
STAPLES INC COM
STARBUCKS CORP COM
VARIAN MEDICAL SYSTEMS INC
VISA INC COM CL A STK
VMWARE INC CL A COM CL A COM
PPTYS REV SPLT CMNWLTH
REIT&CMNWLTH REIT
2061792&2061798 7/1/10
AMB PPTY CORP REIT
APARTMENT INVT & MGMT CO CL A
AVALONBAY CMNTYS REIT
BSTN PPTYS INC
25
$
42,960
41,578
24,615
22,980
27,006
39,296
73,164
39,200
39,072
58,128
19,808
91,747
25,543
99,788
38,318
29,898
64,059
291,300
415,188
578,519
135,177
140,775
110,542
221,172
289,389
333,713
159,120
243,768
271,272
347,182
98,824
150,552
274,481
222,915
377,660
420,518
254,564
157,398
144,780
187,110
193,436
367,900
137,391
293,112
675,735
502,283
743,319
1,066,533
Cost Basis
$
39,161
21,889
42,605
21,571
35,435
30,963
43,954
22,233
34,226
58,829
18,595
83,388
28,484
92,199
47,483
38,487
51,374
230,383
252,932
147,869
122,063
170,838
102,619
171,351
367,943
238,412
162,668
202,265
133,770
85,260
111,434
37,400
341,900
180,230
439,023
224,003
280,689
209,580
177,873
195,501
182,557
267,853
76,855
317,034
573,728
261,714
617,392
1,144,937
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
11,200
18,600
29,950
8,400
10,000
36,450
13,100
54,724
18,582
22,950
19,000
15,338
6,300
20,700
16,832
5,200
37,755
10,950
12,250
4,995
1,944
3,593
1,447
3,495
3,355
3,809
3,270
1,371
1,109
965
1,576
1,149
3,714
3,106
3,421
3,505
6,296
383
1,776
5,060
90
2,208
1,532
662
7,670
3,982
491
496
Market or Fair
Value
Description
Equity Investments (Continued):
CORP OFFICE PPTYS TR COM
$
DOUGLAS EMMETT INC COM REIT
EQTY RESDNTL EFF 5/15/02
ESSEX PPTY TR REIT
FEDERAL RLTY INVT TR SH BEN INT NEW SH BEN INT NEW
HCP INC COM REIT
HEALTHCARE RLTY TR
HOST HOTELS & RESORTS INC REIT
MACERICH CO COM
MACK CALI RLTY CORP COM REIT
PROLOGIS SH BEN INT SH BEN INT
PUB STORAGE COM
REGENCY CTRS CORP COM
SENIOR HSG PPTYS TR SH BEN INT SH BEN INT
SIMON PROPERTY GROUP INC COM
SL GREEN RLTY CORP COM STK
SUNSTONE HOTEL INVS INC NEW COM
TAUBMAN CTRS INC COM
VENTAS INC REIT
VORNADO RLTY TR COM
#REORG/ARCSIGHT INC STK CASH MERGER
10-22-2010
#REORG/NETEZZA CORP COM CASH MERGER
11-102010
ABOVENET INC COM STK
ACTUANT CORP CL A NEW
ADR ICON PUB LTD CO
ADR NICE SYS LTD SPONSORED ADR
ADTRAN INC COM
ADVANCED ENERGY INDS INC COM
ADVENT SOFTWARE INC COM STK
AFFILIATED MANAGERS GROUP INC COM STK
ALPHA NAT RES INC COM STK
AMERICAN SUPERCONDUCTOR CORP SHS
AMERN MED SYS HLDGS INC COM STK
ANSYS INC COM
ARUBA NETWORKS INC COM
BEACON ROOFING SUPPLY INC COM
BROOKS AUTOMATION INC COM
CAPELLA ED CO COM
CATALYST HEALTH SOLUTIONS INC COM STK
CEPHEID INC COM
COMPUTER LEARNING CTRS INC COM
CONCUR TECHNOLOGIES INC COM
CONSTANT CONTACT INC COM STK
CORE LABORATORIES NV NLG0.03
CROCS INC COM
DICKS SPORTING GOODS INC OC-COM
DIODES INC COM
DRIL-QUIP INC COM
26
422,912
264,492
1,247,118
819,336
702,700
1,175,513
287,807
737,680
693,480
682,304
192,470
1,348,364
216,720
416,277
1,359,184
286,208
374,907
412,049
575,138
364,403
43,526
49,152
68,269
65,811
96,926
97,091
89,173
16,850
52,079
58,643
53,379
30,667
82,154
126,010
48,715
63,160
48,668
31,157
61,272
81,061
94,237
32,678
97,718
81,149
99,112
7,792
21,834
Cost Basis
$
365,173
174,572
956,594
595,572
696,553
993,635
317,387
459,687
554,418
770,172
228,165
1,198,995
245,971
416,184
900,870
340,861
370,540
404,037
507,812
328,306
53,758
48,407
72,498
67,966
81,746
102,009
84,422
21,976
52,784
41,846
36,257
33,481
81,113
83,088
29,543
70,735
58,118
31,002
65,022
75,971
62
85,279
30,950
43,997
80,240
70,037
7,229
26,560
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
197
606
912
2,492
3,672
266
2,489
1,131
2,006
665
2,142
3,151
1,563
2,619
4,422
110
1,738
2,988
2,239
1,454
14,205
2,664
2,866
1,375
2,119
1,674
2,225
3,289
873
3,870
3,523
5,144
1,484
2,014
3,541
2,164
2,279
1,791
3,110
966
3,021
3,338
4,367
2,669
2,125
4,348
4,550
2,112
Market or Fair
Value
Description
Equity Investments (Continued):
EMP SOLUTIONS INC
EQUINIX INC COM NEW COM NEW
EVERCORE PARTNERS INC CL A CL A
FIRST INTERSTATE BANCSYS/MT
FOSTER WHEELER LTD (BM) COM STK
FRANKLIN ELEC INC COM
GENESEE & WYO INC CL A CL A
GLOBAL PMTS INC COM
GRAND CANYON ED INC COM STK
GREENHILL & CO INC COM
GSI COMM INC COM STK
HARBIN ELEC INC COM STK
HAYNES INTL INC COM NEW COM NEW
HEALTHCARE SVCS GROUP INC COM
HEALTHSOUTH CORP COM NEW STK
HEICO CORP NEW COM
HEIDRICK & STRUGGLES INTL INC COM ISIN
#954228191023
HELIX ENERGY SOLUTIONS GROUP INC COM STK
HIBBETT SPORTS INC COM STK
HITTITE MICROWAVE CORP COM STK
HLTH MGMT ASSOC INC NEW CL A COM
HMS HLDGS CORP COM
HORSEHEAD HLDG CORP COM STK
IDEXX LABS INC
II-VI INC COM
ILLUMINA INC COM
INTERSIL CORP
INTL RECTIFIER CORP COM
IPC THE HOSPITALIST CO INC STK
KBR INC COM
KNIGHT TRANSN INC COM
KORN / FERRY INTL COM NEW
LAM RESH CORP COM
LHC GROUP INC COM
LKQ CORP COM LKQ CORP
LMI AEROSPACE INC COM
MASIMO CORP COM STK
MCDERMOTT INTL INC COM STK $1 PAR
MEDASSETS INC COM STK
MEDNAX INC COM
MELLANOX TECHNOLOGIES LTD
MICROS SYS INC COM
MICROSEMI CORP COM
MONOLITHIC PWR SYS INC COM
NALCO HLDG CO COM
NATUS MED INC DEL COM
OFFICEMAX INC DEL COM
OMNIVISION TECHNOLOGIES INC COM
27
$
49,219
21,295
39,199
77,332
7,666
92,865
41,327
47,001
40,651
61,690
52,464
48,187
49,630
82,736
3,951
39,661
32,181
53,646
65,052
110,373
144,442
21,667
83,738
62,786
72,869
26,945
61,208
21,912
78,716
71,306
71,502
56,481
55,889
68,270
34,126
54,263
38,793
71,779
53,719
66,160
106,382
63,889
47,668
43,478
70,829
59,423
45,281
Cost Basis
$
43
37,014
30,090
36,398
78,365
8,735
76,021
35,534
52,463
55,171
36,727
56,538
47,187
44,658
82,285
3,962
43,845
41,455
61,818
44,255
101,526
64,537
23,100
47,034
60,988
25,315
25,193
64,672
27,929
89,960
62,870
84,730
34,328
65,379
38,713
20,921
51,902
20,038
63,780
41,629
53,626
68,490
73,300
60,941
32,883
62,425
65,572
19,090
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
Market or Fair
Value
Description
Equity Investments (Continued):
ORIENT-EXPRESS HOTELS COM
ORION MARINE GROUP INC COM STK
P F CHANGS CHINA BISTRO INC COM STK
PATTERSON COS INC COM
POWER ONE INC NEW COM USD0.001
QLOGIC CORP COM
RED ROBIN GOURMET BURGERS INC COM
ROGERS CORP COM
SALIX PHARMACEUTICALS LTD COM DE
SBA COMMUNICATIONS CORP CL A COM
SIMS METAL MGMT LTD
SIRONA DENTAL SYS INC COM STK
SOLARWINDS INC COM
STEEL DYNAMICS INC COM
STR HLDGS INC COM
SUCCESSFACTORS INC COM STK
TALEO CORP COM CL A COM CL A
TEKELEC COM
TEMPUR-PEDIC INTL INC COM
TESCO CORP COM
TETRA TECH INC NEW COM
THOMPSON CREEK METALS CO INC COM STK
THOR INDS INC COM STK
ULTRATECH INC EFF 06-10-03
URS CORP NEW COM
VARIAN SEMICONDUCTOR EQUIPTMENT ASSOCS INC COM
VCA ANTECH INC COM STK
VERIFONE SYSTEMS INC COM
VERIGY LTD ORD SHS
VERINT SYS INC COM
VOLCANO CORP COM STK
VOLTERRA SEMICONDUCTOR CORP COM
WABTEC CORP COM
WARNACO GROUP INC COM NEW COM NEW
WATSCO INC COM
WMS INDS INC COM STK
WOODWARD GOVERNOR CO COM
CF GRYPHON INTL EAFE GROWTH FD
MFO DFA EMERGING MARKETS VALUE
MFO QUALITY FD III
MFO GMO INTL SMALL CO III
MFO MORGAN STANLEY INSTL FD INC INTL EQTY
PORTFOLIO CL I
40,572
MFB NTGI COM DAILY S&P500 EQTYINDEX-LENDING
10,243
MFB NTGI-QM COM DAILY S&P500 TX EXMP FD-NON
LENDING
591,229
MFO PRIMECAP ODYSSEY FDS GROWTH FD
7,729
2,652
1,903
2,913
6,312
2,695
1,119
1,139
1,387
2,961
2,656
1,911
4,204
607
2,518
4,180
2,360
2,980
2,372
3,858
2,535
4,801
767
3,483
1,093
1,643
1,938
3,157
2,714
1,333
2,238
1,296
1,321
1,570
1,032
1,262
1,677
668,411
312,596
574,853
842,160
909,885
28
$
57,195
37,658
75,454
83,108
42,606
44,791
19,202
31,630
54,135
100,704
37,609
66,579
67,432
8,006
47,338
86,902
57,324
39,455
72,939
47,376
49,711
41,673
18,216
56,668
43,010
47,088
47,985
59,762
23,585
30,766
48,833
29,886
52,695
56,740
59,773
49,532
42,814
8,517,271
9,155,951
9,887,468
5,162,440
Cost Basis
$
92,974
44,433
84,479
64,156
35,449
39,528
27,663
25,083
52,999
68,424
35,502
54,029
77,867
7,830
50,670
44,932
48,789
53,758
63,527
53,928
60,024
51,491
18,628
50,756
35,344
35,421
50,506
43,615
29,582
36,824
51,585
29,891
49,069
66,737
51,669
59,830
40,037
9,427,827
6,031,494
10,024,044
5,802,966
10,418,179
336,823
15,822,492
402,014
3,926,700
7,514,523
4,318,606
6,883,634
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
174,959
1,458,765
Description
Equity Investments (Continued):
CF SILCHESTER INTL VALUE EQTY TR FD
MFO GMO EMERGING MARKETS FD- II
Total Equity Investments
Total Investments at Market or Fair Value
Fund of Funds and Hedge Funds:
BROOKSIDE CAYMAN, LTD
CF GMO FLEXIBLE EQUITIES III IN USD FD
GMO MULTI-STRATEGY (OFFSHORE) FUND C, LP
MFO GMO INTL INSTRINSIC VALUE III FD
MFO GMO TR INTL GROWTH EQUITY FD CL III
MFO GMO TR U S CORE EQUITY FD CL III
MFO GMO EMERGING MARKETS FD- II
MFO GMO TR U S SMALL/MID CAP GROWTH FD CL III
MFO GMO TR U S SMALL/MID CAP VALUE FD CLIII
MFO QUALITY FD III
CF MASON CAPITAL LTD - F INITIAL SERIES SPECIAL SALE
RIGHTS (SURDNA) FD
12,500,000
PROSPECT HARBOR CREDIT PARTNERS, LP
3,000,000
SANKATY CREDIT OPPORTUNITIES (OFFSHORE) IV, LP
12,500,000
SANKATY CREDIT OPPORTUNITIES II, LP
15,000,000
95,021
13,189,280
759,982
753,880
648,679
1,034,927
81,856
139,260
1,650,590
7,846
Total Fund of Funds and Hedge Funds
5,884,427
54,600,000
1,680,000
20,650,000
6,225,000
4,790,000
20,000,000
26,505
1,922,193
2,593,682
391,726
3,134,250
4,166,472
5,127,850
1,720,000
8,085,000
2,612,000
1,821,840
7,608,000
9,814,923
252,719
40,882
3,388
Limited Partnerships:
ARCLIGHT ENERGY PARTNERS FUND IV, LP
ADAGE CAPITAL PARTNERS, LP
BAIN CAPITAL ASIA FUND, LP
BAIN CAPITAL FUND IX, LP
BAIN CAPITAL FUND X LP
BAIN CAPITAL IX COINVESTMENT FUND, LP
BAUPOST VALUE PARTNERS IV, LP
CF BENNETT OFFSHORE RESTRUCTURING FD
BERKSHIRE MULTIFAMILY VALUE FUND II, LP
BPG INVESTMENT PARTNERSHIP VIII A, L.P.
CHARLESBANK EQUITY FUND VII
COMMONFD CAPITAL INTL PARTNERS V LP
COMMONFUND CAP PRIVATE EQUITY PTRS V, LP
COMMONFUND CAP PRIVATE EQUITY PTRS VI LP
COMMONFUND CAPITAL INTL PARTNERS IV, LP
COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS
VI, LP
COMMONFUND CAPITAL VENTRUE PTRS VII, LP
COMMONFUND CAPITAL VENTURE PTRS VI, LP
ENDOWMENT PRIVATE EQUITY PARTNERS IV, LP
ENDOWMENT VENTURE PARTNERS V, LP
CF CITY OF LONDON INVESTABLE EMERGING MARKETS
FUND
CF CONTRARIAN C1A CL A SER 1 FD
CF CONTRARIAN C1A CL B SER 1 FD
29
Market or Fair
Value
Cost Basis
$ 10,438,853
16,600,738
$ 10,360,844
13,078,237
117,289,711
111,769,027
$189,221,098
$179,445,179
$ 15,845,767
1,690,422
5,586,374
13,611,271
13,833,704
6,298,678
11,777,472
885,682
864,805
28,390,150
13,479,657
8,217,463
3,389,679
9,891,474
133,762,598
4,964,331
22,624,676
1,482,873
14,005,785
4,285,192
2,791,761
27,428,985
10,863,892
962,666
1,465,210
332,371
2,688,727
4,244,974
4,356,279
1,552,264
7,105,069
2,535,790
1,562,963
4,614,158
5,345,071
11,588,668
8,501,054
392,345
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
489
98
1,186
841
3,077
444
14
15,000,000
1,475,000
3,967,595
2,410,656
4,378,827
31,795,373
5,704,627
3,752,625
4,466,082
4,300,061
12,057,927
15,000,000
285,000
6,000,000
600,000
1,488,881
3,282,367
784,427
300,000
9,584,835
14,502,642
10,973,490
2,750,699
502,818
4,944,232
4,350,000
750,000
5,000,000
10,800,000
5,500,000
35,874,766
3,537,500
15,542,944
450,000
1,757,043
10,000,000
Market or Fair
Value
Description
Limited Partnerships (Continued):
CF CONTRARIAN C1A CL B2 SER 1 FD
$
CF CONTRARIAN FD CIA CL B SER 7FD
CF CONTRARIAN FD I OFFSHORE CL A SER 7 FD
CF CONTRARIAN FUND I OFFSHORE LTD CLASS A SERIES 9
FD
CF CONTRARIAN I OFFSHORE LTD RETIRED INVESTORS CL B
R SER 7 FD
CF CONTRARIAN I OFFSHORE LTD RETIRED INVESTORS CL
B2 R SER 7 FD
CF CONTRARIAN OFFSHORE NEW C1A CL B2 SER7 FD
DAVIDSON KEMPNER INST PTRS
DOVER STREET VII CAYMAN FUND, LP
ENCAP ENERGY CAPITAL FUND VI-B, LP
ENCAP ENERGY CAPITAL FUND VII-B, LP
ENERVEST ENERGY INSTITUTIONAL FUND XI-B, LP
FARALLON CAPITAL INSTITUTIONAL
FARALLON FCIP, LTD
FORTRESS INVESTMENT FUND V (COINVESTMENT FUND B),
LP
FORTRESS INVESTMENT FUND V B, LP
GREENFIELD ACQUISITION PARTNERS V, LP
HBK OFFSHORE SLV
HIGHFIELDS CAPITAL IV, LP
HIGHLAND CAPITAL PARTNERS VIII
INDUS ASIA PACIFIC FUND LTD
INTERWEST PARTNERS X, LP
HSH CAYMAN PARTNERS LP
JC FLOWERS II, LP
JCF HRE II AIV TE TRUST
KAYNE ANDERSON ENERGY FUND V (QP)
LONE STAR FUND IV (US), LP
LONE STAR FUND V (US), LP
LONE STAR FUND VI (US), LP
LONE STAR REAL ESTATE FUND (US), LP
MADISON DEARBORN CAPITAL PARTNERS V-B LP
MADISON DEARBORN CAPITAL PTRS V-A LP LP
MADISON INTERNATIONAL REAL ESTATE LIQUIDITY FUND
III, LP
MORGENTHALER VENTURE PARTNERS IX, LP
NCD PARTNERS V, LP
NORTHGATE PRIVATE EQUITY PARTNERS III, LP
NORTHGATE VENTURE PARTNERS III, L.P.
OZ OVERSEAS FUND, LTD
PARK STREET CAPITAL NATURAL RESOURCE UND III
PERRY PARTNERS INTERNATIONAL, INC
PHOENIX ASIA REAL ESTATE INVESTMENTS IV (A)
RIVERSIDE CAPITAL APPRECIATION FUND V, LP
RMS OPPORTUNITY FUND I LP
30
51,790
11,211
247,123
174,218
351,727
46,429
1,481
13,181,204
1,545,880
3,799,751
2,136,127
3,643,264
8,707,047
49,782
1,816,715
2,342,573
3,705,559
2,512,478
13,370,368
257,592
6,610,445
489,823
58,326
1,220,220
5,534
188,531
6,019,601
9,911,556
10,023,794
2,645,740
465,633
2,849,687
3,625,854
639,579
5,107,330
8,901,229
4,788,064
7,843,775
3,556,818
977,361
364,679
1,184,866
13,043,940
Cost Basis
Surdna Foundation, Inc.
Investments
At Market or Fair Value
June 30, 2010
Face Value or
Shares
7,207
4,175
2,272,089
10,575
8,923,531
11,431,520
4,982,808
2,240,949
172,085
9,125
59,866
18,742
33,322
14,880
730,000
858,762
945,585
17,604
24,040
83,873
21
2,760
374,237
762,612
60,964
2,352,565
92,536
6,673
Market or Fair
Value
Description
Limited Partnerships (Continued):
CF SCP ATLANTIC LTD SER BBU SUB SER 1 JAN 1 2007 VOTING FD
CF SIRIOS OVERSEAS FD A/1E
SHORENSTEIN REALTY INVESTORS NINE (REIT), LP
CF TACONIC OFFSHORE 1.5 LTD CLA-NR-SER 12 FD
TIFF PARTNERS III, LLC
TIFF PARTNERS I
TPG ENDOWMENT FUND V, L.P.
TPG ENDOWMENT FUND VI, LP
CF WELLINGTON SPINDRIFT CL S SER 1I FD
CF WELLINGTON SPINDRIFT CL S SER 2I FD
CF WELLINGTON SPINDRIFT CL S SER 3I FD
CF WELLINGTON SPINDRIFT CL S SER 4I FD
CF WELLINGTON SPINDRIFT CL S SER 5I FD
CF WELLINGTON SPINDRIFT CL S SER 6I FD
BAIN CAP EUROPE FD LTDPART
EUROPA FUND III
PATRON CAPITAL LP III
SEC CAP EUROPEAN RLTY COM
GENERAL MOTORS CORP CONT NOTE
GUANGDONG INVT LTD COM
INTERPUBLIC GROUP COMPANIES INC COM
GH WATER SUPPLY LTD ORDINARY SHARES
CF CASH AWAITING EQTY INVT
MFO E I I RLTY SECS TR INTL PPTY FD INSTL SHS
CF HHR ATLAS LTD CL C SER 1 FD
CF WTC CTF STRAT REAL AST FD
WTC-CTF ENERGY POOL FUND
CF VIKING GLOBAL EQ III LTD CL H/1E
Total Limited Partnerships
$ 10,650,009
10,957,257
854,828
12,625,456
3,173,080
353,969
2,958,348
809,042
2,820,461
92,335
569,987
156,384
482,294
520,540
753,799
1,124,032
891,664
271,102
78,495
38,582
149
28
348,878
10,829,095
8,389,099
27,480,586
10,579,632
10,697,397
412,676,336
Total Investments in Limited Partnerships and
Hedge Funds
31
$546,438,934
Cost Basis
Surdna Foundation, Inc.
Grants
Grantee
1Sky Education Fund
52nd Street Project
52nd Street Project
Abyssinian Development
Corporation
Abyssinian Development
Corporation
Acadiana Center for the Arts
Advocates for Human Rights
Advocates for Human Rights
African Development Center of
Minnesota
Alaska Marine Conservation
Council
Alliance for Affordable Energy
Alliance for California Traditional
Arts
Alliance for Global Justice/United
Students Against Sweatshops
Alliance For Justice
Alonzo King’s LINES Ballet
American Architectural
Foundation/Mayors’ Institute on
City Design
American Jewish World Service
American Red Cross
American Society For The
Prevention Of Cruelty To
Animals
American University - School of
Communication
American Veterinary Medical
Foundation
Americans for Campaign Reform
Amnesty International USA
Antioch University
Armory Center for the Arts
Artemis Center for Alternatives to
Domestic Violence
Artists Collective, Inc.
Arts Engine
Arts Teachers Fellowship Program
Arts Teachers Fellowship Program
Asian Community Mental Health
Services
Aspen Institute
Aspiranet
Aspiranet
Associated Black Charities, Inc.
Approval
Year/Qtr.
Balance
6/30/09
Authorized
(Rescinded)
Paid Thru
6/30/10
30,000
$100,000
100
-
$100,000
100
30,000
10.4
-
15,000
15,000
-
10.4
10.4
09.4
10.1
125,000
-
100,000
15,000
6,900
100,000
15,000
100,000
6,900
25,000
-
10.4
-
15,000
15,000
-
08.4
09.4
150,000
100,000
(150,000)
-
100,000
-
10.4
-
150,000
-
150,000
10.1
08.1
10.4
50,000
-
60,000
75,000
60,000
50,000
75,000
-
08.4
10.3
10.3
50,000
-
500
500
500
500
50,000
-
10.3
-
150
150
-
09.3
75,000
-
-
75,000
10.3
10.1
10.3
10.2
10.4
-
5,000
5,000
100
5,000
150,000
5,000
5,000
100
5,000
75,000
75,000
10.2
10.1
10.1
09.4
10.4
34,500
-
2,500
150,000
100,000
99,450
2,500
75,000
100,000
34,500
71,450
75,000
28,000
09.3
10.1
09.4
10.1
10.4
75,000
149,000
-
100,000
6,000
100,000
100,000
70,000
6,000
100,000
75,000
79,000
-
10.1
10.3
09.1
$
32
Balance
6/30/10
$
-
Surdna Foundation, Inc.
Grants
Grantee
Association of Baltimore Area
Grantmakers/Baltimore
Neighborhood Collaborative
Atlanta-Fulton County Zoo
Augsburg College - Center for
Democracy and Citizenship
Ballet Hispanico of New York, Inc.
Baltimore Community Foundation
Baltimore Community Foundation
Baylor College of Medicine
Bayview Citizens for Social
Justice, Inc.
BBB Wise Giving Alliance
Beloved Community Center of
Greensboro
Bend Science Station
Bipartisan Policy Center
Blocks Together
Blue Green Alliance Foundation
Blue Green Alliance Foundation
Board of Regents of the University
of Wisconsin System-Center on
Wisconsin Strategy
BoardSource
Boston Arts Academy Foundation
Brennan Center for Justice at NYU
School of Law
Brennan Center for Justice at NYU
School of Law
Brevard Music Center
Brookings Institution
Brookings Institution
Brooklyn Academy of Music
Brooklyn Academy of Music
Brooklyn Youth Chorus Academy
Buffalo Bayou Partnership
California Nurses FoundationRNRN/NNU
California State Summer School
Arts Foundation
California State University, Office
of the Chancellor
Californians for Justice Education
Fund
Calvert Foundation
Campanile Foundation
Cape Cod Commercial Hook
Fishermen’s Association
Approval
Year/Qtr.
10.1
10.1
Balance
6/30/09
$
-
Authorized
(Rescinded)
$
200,000
40,000
Paid Thru
6/30/10
$
200,000
40,000
Balance
6/30/10
$
-
10.3
10.4
10.3
10.4
10.1
-
83,288
15,000
100,000
100,000
2,500
83,288
15,000
100,000
100,000
2,500
-
10.4
08.1
25,000
30,000
-
25,000
30,000
-
10.1
10.3
10.1
10.1
10.4
09.3
150,000
4,600
1,250
150,000
50,000
10,000
-
4,600
1,250
150,000
50,000
10,000
150,000
-
09.4
09.3
10.4
200,000
25,000
-
50,000
25,000
50,000
200,000
-
09.4
40,000
-
40,000
-
10.4
09.1
08.3
10.3
09.3
10.3
10.1
10.1
100,000
250,000
70,000
-
25,000
1,550,000
100
150,000
1,000
25,000
50,000
250,000
550,000
35,000
100
75,000
1,000
50,000
1,000,000
35,000
75,000
-
10.3
-
1,000
1,000
-
09.4
60,000
-
-
60,000
07.3
66,000
-
66,000
-
10.1
10.1
08.3
86,000
100,000
5,000
-
100,000
5,000
86,000
-
10.1
-
75,000
75,000
-
33
Surdna Foundation, Inc.
Grants
Grantee
Cape Cod Commercial Hook
Fishermen’s Association
Cape Cod Commercial Hook
Fishermen’s Association
Cape Cod Commercial Hook
Fishermen’s Association
Capitol Region Education Council
Carnegie Institute/Andy Warhol
Museum
Carolina Youth Development
Center
Carolina Youth Development
Center
Catholic Relief Services
Center for American Progress
Center for Clean Air Policy
Center for Community Progress
Center for Effective Philanthropy
Center for Effective Philanthropy
Center for Housing Policy
Center for Independent
Documentary
Center for Labor and Community
Research
Center for Lobbying in the Public
Interest
Center for Public Integrity/The
Lens
Center for Third World Organizing
Ceres, Inc.
Chicago Children’s Choir
Chicago Workforce Investment
Council
Children’s Medical Center of
Dayton
Chinese Progressive Association Common Roots
Chittenden Community Television
Chittenden Community Television
Circle de Luz
Citizens Planning and Housing
Association, Inc.
Cities at Peace, Inc.
City Harvest
Citymeals On Wheels
Civic Consulting Alliance
Climate Solutions
Clinton Bush Haiti Fund
Approval
Year/Qtr.
08.1
Balance
6/30/09
$
60,000
Authorized
(Rescinded)
$
-
Paid Thru
6/30/10
$
60,000
Balance
6/30/10
$
-
10.1
-
15,000
15,000
-
10.4
08.3
50,000
150,000
-
150,000
50,000
-
10.1
-
180,000
60,000
120,000
10.1
-
6,000
6,000
-
09.3
10.3
10.3
09.3
10.3
10.2
08.1
10.4
215,000
150,000
100,000
-
1,000
30,000
300,000
5,000
15,000
142,500
1,000
30,000
150,000
5,000
50,000
-
72,500
300,000
50,000
15,000
10.4
-
100,000
100,000
-
10.4
-
15,000
15,000
-
10.3
-
25,000
25,000
-
10.4
09.4
10.1
09.1
100,000
75,000
100,000
150,000
-
100,000
150,000
75,000
100,000
-
10.4
-
300,000
100,000
200,000
10.2
-
2,500
2,500
-
09.3
10.3
10.1
10.3
75,000
-
25,000
15,000
300
75,000
25,000
15,000
300
-
10.1
09.1
10.3
10.3
10.1
10.1
10.3
240,000
-
100,000
200
250
175,000
340,000
500
100,000
120,000
200
250
100,000
225,000
500
120,000
75,000
115,000
-
34
Surdna Foundation, Inc.
Grants
Grantee
Coalition for Humane Immigrant
Rights of Los Angeles
Coalition to Restore Coastal
Louisiana
Coleman Advocates for Children
and Youth
Columbia University - Graduate
School of Journalism
Committee Against Anti-Asian
Violence
Committee Against Anti-Asian
Violence
Committee Against Anti-Asian
Violence
Common Cause Education Fund
Common Counsel Foundation
Common Hope
Common Impact
Community Coalition for
Substance Abuse Prevention and
Treatment
Community Design Center of
Pittsburgh
Community Initiatives Fund of the
San Francisco Foundation-Active
Voice
Community Initiatives Fund of the
San Francisco Foundation-Active
Voice
Community Initiatives Fund of the
San Francisco Foundation-Active
Voice
Community Labor United
Community Law Center
Community Networking
Resources/Southwest Network
for Environmental and Economic
Justice
Community Networking
Resources/Southwest Network
for Environmental and Economic
Justice
Community Partners/InnerCity
Struggle
Community Partners/InnerCity
Struggle
Community Resources for Justice
COMPAS
Approval
Year/Qtr.
Balance
6/30/09
Authorized
(Rescinded)
Paid Thru
6/30/10
-
$ 75,000
10.4
-
200,000
-
200,000
10.1
-
100,000
100,000
-
10.1
-
50,000
50,000
-
09.4
125,000
-
75,000
50,000
10.3
-
75,000
75,000
-
10.3
10.1
10.4
10.3
10.1
-
15,000
2,500
15,000
1,000
50,000
15,000
2,500
15,000
1,000
50,000
-
09.3
200,000
-
100,000
100,000
10.3
-
75,000
75,000
-
10.1
-
1,000
1,000
-
09.3
49,000
-
49,000
-
10.1
10.4
10.1
-
15,000
200,000
50,000
15,000
50,000
200,000
-
10.4
-
50,000
50,000
-
10.1
-
90,000
90,000
-
08.1
100,000
-
100,000
-
10.1
09.1
08.3
80,000
30,000
10,000
-
10,000
80,000
30,000
-
10.3
$
35
$
75,000
Balance
6/30/10
$
-
Surdna Foundation, Inc.
Grants
Grantee
Connecticut Sports Foundation
Conservation Law Foundation
Consultative Group on Biological
Diversity
Cooper Union for the
Advancement of Science & Art
Corporation for Enterprise
Development
Corporation for Enterprise
Development
Corporation for Enterprise
Development
Culver Educational Foundation
Cypress Hills Local Development
Corporation
Dance Institute of Washington
Dancewave, Inc.
DARE Direct Action for Rights and
Equality
DARE Direct Action for Rights and
Equality
DataCenter
Democracia USA
Democracy Now! Productions
DemocracyInAction
Demos
Demos
Demos/New Economy Network
Demos
Detroit Symphony Orchestra
Discovery Green Conservancy
Doctors Without Borders
Dorchester Bay Economic
Development
Corp./Fairmount/Indigo Line
CDC Collaborative
Downtown Community Television
Center
Drum Major Institute for Public
Policy
Duchesne Academy
Duke University - Office of
Research Support
Duke University - Office of
Research Support
Earth Island Institute/Energy
Action Coalition
Approval
Year/Qtr.
10.3
10.4
Balance
6/30/09
$
-
Authorized
(Rescinded)
$
5,000
15,000
Paid Thru
6/30/10
$
5,000
15,000
Balance
6/30/10
$
-
09.4
35,000
-
35,000
-
09.3
100,000
-
50,000
50,000
10.1
-
8,000
8,000
-
10.3
-
200,000
100,000
100,000
10.4
10.1
-
4,500
12,500
4,500
12,500
-
10.3
10.1
09.1
30,000
75,000
100,000
-
75,000
50,000
30,000
50,000
-
10.4
-
75,000
75,000
-
08.4
10.1
10.2
10.3
10.1
10.3
10.2
10.4
10.4
10.1
10.1
10.4
75,000
-
180,000
5,000
50,000
100,000
5,000
5,000
5,000
5,000
225,000
10,000
750
75,000
90,000
5,000
50,000
100,000
5,000
5,000
5,000
5,000
75,000
10,000
750
90,000
150,000
-
10.1
-
200,000
200,000
-
10.3
-
100,000
50,000
50,000
10.1
10.2
-
8,000
2,500
8,000
2,500
-
09.3
54,000
-
54,000
-
10.1
-
3,500
3,500
-
09.4
150,000
-
150,000
-
36
Surdna Foundation, Inc.
Grants
Grantee
Earth Island Institute/Energy
Action Coalition
East Bay Community Foundation
East Michigan Environmental
Action Council
ecoAmerica
Ecotrust
Ecotrust
Edmund Muskie School of Public
Service
Educate Tomorrow, Corp.
Educational Broadcasting
Corporation/Thirteen/WNET
New York
Educational Resources - The
Miami Valley School
Edwin Gould Academy
Emergency FoodShelf Network,
Inc.
Energy Foundation
Energy Programs Consortium
Enterprise Community Partners
Enterprise Community
Partners/Emerald Cities
Partnership
Enterprise Community PartnersDenver
Environment America Research
and Policy Center
Environmental Defense Fund
Environmental Grantmakers
Association
Environmental Law and Policy
Center of the Midwest
Ethical Culture Fieldston
School/Young Dancemakers
Company
Everglades Foundation
Fairfax Renaissance Development
Corporation
Families for Freedom
Families United for Racial and
Economic Equality (FUREE)
Families United for Racial and
Economic Equality (FUREE)
Family & Children’s Service
FIERCE
FIERCE
FIERCE
Approval
Year/Qtr.
Balance
6/30/09
Authorized
(Rescinded)
Paid Thru
6/30/10
-
$ 150,000
400,000
$ 150,000
200,000
10.4
10.3
10.4
10.1
-
15,000
190,000
150,000
75,000
125,000
150,000
75,000
15,000
65,000
-
10.1
10.4
-
90,500
45,000
90,500
10,000
35,000
09.4
125,000
-
125,000
-
10.2
10.4
-
30,000
92,000
30,000
30,000
62,000
5,000
15,000
15,000
200,000
-
10.4
10.3
$
Balance
6/30/10
$
200,000
10.1
09.4
10.4
09.4
200,000
5,000
15,000
-
10.3
-
500,000
250,000
250,000
10.1
-
50,000
50,000
-
10.1
10.4
-
300,000
100,000
200,000
100,000
100,000
-
10.3
-
13,000
13,000
-
10.4
-
200,000
100,000
100,000
10.4
10.3
-
20,000
2,000
20,000
2,000
-
08.4
10.3
175,000
-
10,000
175,000
10,000
-
10.3
-
15,000
15,000
-
10.3
10.4
10.4
10.4
08.4
90,000
85,000
1,000
150
100,000
-
85,000
1,000
150
100,000
90,000
-
15,000
37
Surdna Foundation, Inc.
Grants
Grantee
First Congregational Church
First Place for Youth
First Place for Youth
Foster Care Alumni of America
Foundation Center
Foundation for National
Progress/Mother Jones
Foundation for National
Progress/Mother Jones
Free Press
Friedreichs Ataxia Research
Alliance FARA
Friends of Bronx Preparatory
Charter School
Friends of the High Line
Front Range Economic Strategy
Center
Front Range Economic Strategy
Center
Fund for Our Economic Future
Fund for the City of New York Reel Works Teen Filmmaking
Fund for the City of New
York/Radio Rootz - People’s
Production House
Funders’ Network for Smart
Growth and Livable
Communities
Fusion Partnerships, Inc./New
Lens
Fusion Partnerships, Inc./New
Lens
Future Leaders of America, Inc.
Future of Music Coalition
Gamaliel
Foundation/Transportation
Equity Network
Garrison Institute
George Washington University Institute of Public Policy
German Marshall Fund of the
United States
Germantown Friends School
Global Action Project, Inc.
Global Green USA
Global Green USA
Global Philanthropy Partnership
Good Jobs First
Approval
Year/Qtr.
10.4
10.1
09.3
10.1
08.1
Balance
6/30/09
$
150,000
50,000
Authorized
(Rescinded)
$
1,200
5,000
3,000
-
Paid Thru
6/30/10
$
1,200
5,000
90,000
3,000
50,000
Balance
6/30/10
$
60,000
-
10.1
-
150,000
150,000
-
10.1
10.1
-
100,000
100,000
100,000
100,000
-
10.1
-
375
375
-
10.3
10.3
-
150
15,000
150
15,000
-
09.1
75,000
-
75,000
-
10.3
10.4
-
5,000
500,000
5,000
100,000
400,000
09.1
80,000
-
40,000
40,000
10.1
-
130,000
100,000
30,000
10.4
-
415,000
-
415,000
10.1
-
5,000
5,000
-
09.4
10.3
10.1
70,000
-
140,000
75,000
70,000
28,000
75,000
112,000
-
10.1
10.4
-
375,000
150,000
250,000
75,000
125,000
75,000
10.3
-
125,000
125,000
-
10.4
10.2
10.1
10.4
07.4
09.3
10.4
90,000
75,000
-
300,000
5,000
130,000
100,000
200,000
100,000
5,000
65,000
100,000
90,000
75,000
100,000
200,000
65,000
100,000
38
Surdna Foundation, Inc.
Grants
Grantee
Grantmakers for Effective
Organizations
Grantmakers for Effective
Organizations
Grantmakers in Film + Electronic
Media
Grassroots Leadership
Grassroots Leadership
Grassroots Leadership
Greater New Orleans Foundation
Greater Ohio Policy Center
Green Building Alliance
Green For All
Green For All
Green Needham Foundation
Grist Magazine
Groundwire
Guidestar USA
Habitat for Humanity
International
Harlem School of the Arts, Inc.
High Road for Human Rights
Education Project
Highpoint Center for Printmaking
Highpoint Center for Printmaking
Homeboy Industires
HOPE Community, Inc.
Hopkinton Education Foundation
Hopkinton Parent Teacher
Association
Housing Preservation Project
Houston Grand Opera
Humane Society of Central Oregon
ICLEI - Local Governments for
Sustainability
Impact Online, d.b.a.
VolunteerMatch
Independent Sector
Indigenous Environmental
Network
Initiative for a Competitive Inner
City
Initiative for a Competitive Inner
City
Initiative for a Competitive Inner
City
Innovative Services NW
Approval
Year/Qtr.
Balance
6/30/09
Authorized
(Rescinded)
Paid Thru
6/30/10
-
$ 100,000
$ 100,000
10.1
-
50,000
50,000
-
10.1
10.4
10.1
09.4
09.1
09.1
10.3
10.3
10.4
10.4
10.4
10.3
10.3
61,000
750,000
100,000
-
25,000
122,000
6,000
75,000
15,000
500,000
7,500
15,000
50,000
25,000
25,000
45,000
6,000
61,000
250,000
100,000
75,000
15,000
250,000
7,500
50,000
25,000
77,000
500,000
250,000
15,000
-
10.4
09.3
75,000
500
-
500
75,000
-
10.4
10.3
10.1
10.2
10.4
10.4
-
15,000
1,000
5,000
1,000
5,000
10,000
1,000
5,000
1,000
5,000
10,000
15,000
-
10.4
10.4
08.4
10.3
20,000
-
10,000
120,000
500
10,000
120,000
20,000
500
-
10.1
-
250,000
250,000
-
08.3
10.1
175,000
-
100,000
175,000
100,000
-
10.4
-
10,000
-
10,000
10.4
-
1,000
1,000
-
10.1
-
1,500
1,500
-
10.1
10.1
-
300,000
5,000
100,000
5,000
200,000
-
10.3
$
39
Balance
6/30/10
$
-
Surdna Foundation, Inc.
Grants
Grantee
Innovative Services NW
Institute for Sustainable
Communities
Institute of Contemporary Art
International Center for
Transitional Justice
International Center of
Photography
International Humanities
Center/Collateral Repair Project
International Rescue
Committee/Women’s Refugee
Commission
International Rescue
Committee/Women’s Refugee
Commission
Interreligious Foundation for
Community
Organization/Haitian Women for
Haitian Refugees
Isidore Newman School
Jacob Burns Film Center
Jazz at Lincoln Center
Jewish Funds for Justice
Jewish Funds for Justice - Social
Justice Leadership
Jewish Funds for Justice Funders’ Collaborative On Youth
Organizing
Jewish Funds for Justice/Funders’
Collaborative On Youth
Organizing
Jobs with Justice Education
Fund/Inter-Alliance Dialogue
Johns Hopkins University - Center
for Refugee and Disaster
Response
Johns Hopkins University - Center
for Refugee and Disaster
Response
Johns Hopkins University Department of Gynecology and
Obstetrics
Joy Outdoor Education Center
Foundation
Judson Memorial Church
Approval
Year/Qtr.
09.1
Balance
6/30/09
$
200,000
Authorized
(Rescinded)
$
-
Paid Thru
6/30/10
$
100,000 $
Balance
6/30/10
100,000
10.3
08.3
50,000
15,000
-
15,000
50,000
-
09.3
145,000
-
145,000
-
09.3
150,000
-
75,000
75,000
10.4
-
1,500
1,500
-
10.3
-
2,000
2,000
-
10.2
-
2,500
2,500
-
10.4
10.3
10.3
10.3
10.3
-
2,500
25,000
150
300,000
15,000
2,500
25,000
150
100,000
15,000
200,000
-
09.1
100,000
-
100,000
-
09.4
250,000
-
-
250,000
10.4
-
15,000
15,000
-
10.4
-
100,000
100,000
-
10.3
-
2,000
2,000
-
10.1
-
10,000
10,000
-
10.2
-
40,000
40,000
-
5,000
-
5,000
85,000
-
10.2
09.1
85,000
40
Surdna Foundation, Inc.
Grants
Grantee
Julia Dyckman Andrus Memorial
Julia Dyckman Andrus Memorial
JumpStart Inc.
Just Cause Oakland
Just Communities Central Coast
JustGive
Justice Alliance Education Fund IAF Northwest
Justice Committee
Juvenile Justice Project of
Louisiana
Konbit Pou Ayiti, Inc.
KUNM-FM - University of New
Mexico
Labor/Community Strategy Center
League of Conservation Voters
Education Fund
Leukemia & Lymphoma Society
NYC Chapter
Leukemia & Lymphoma Society,
Maryland Chapter
Leveraging Investments in
Creativity
Link Media
Living Cities
Living Cities
Living Cities
Local Government Commission
Local Initiatives Support
Corporation National
Headquarters
Local Initiatives Support
Corporation New York City
Louisiana Disaster Recovery
Foundation
Loyola High School of Los Angeles
Make the Road New York
Make the Road New York
Make the Road New York/Urban
Youth Collaborative
Make the Road New York - Urban
Youth Collaborative
Marine Conservation Biology
Institute
Marine Conservation Biology
Institute
Marine Fish Conservation Network
Marwen Foundation
Approval
Year/Qtr.
10.1
10.4
10.3
10.1
10.1
09.4
Balance
6/30/09
$
15,000
Authorized
(Rescinded)
$
896,797
2,500
500,000
10,000
2,200
-
Paid Thru
6/30/10
$
896,797
2,500
200,000
10,000
2,200
15,000
Balance
6/30/10
$
300,000
-
10.3
09.4
500
100,000
-
100,000
500
-
10.4
10.4
-
150,000
500
150,000
500
-
10.3
09.1
100,000
65,000
-
65,000
100,000
-
10.1
-
225,000
150,000
75,000
10.3
-
2,200
2,200
-
10.4
-
200
200
-
10.4
08.3
10.1
09.4
10.4
10.3
200,000
250,000
-
35,000
15,000
130,000
15,000
200,000
15,000
250,000
130,000
15,000
35,000
-
10.4
-
450,000
150,000
300,000
10.1
-
86,000
86,000
-
10.4
10.2
10.4
09.1
61,500
100,000
1,000
100,000
-
1,000
100,000
61,500
100,000
-
10.4
-
7,000
7,000
-
09.4
200,000
-
-
200,000
10.4
-
115,000
115,000
-
07.3
10.4
09.1
150,000
160,000
75,000
-
150,000
75,000
80,000
80,000
41
Surdna Foundation, Inc.
Grants
Grantee
Maryland Institute College of Art
Mattress Factory
Metropolitan Development
Foundation of Central New York
Miami City Ballet
Michigan Roundtable for Diversity
and Inclusion
Michigan Roundtable for Diversity
and Inclusion
Midtown Greenway Coalition
Mikva Challenge Grant Foundation
Mill Street Loft
Minneapolis Institute of Arts
Minnesota Council of
Nonprofits/Nonprofit Voter
Engagement Network
Minnesota Council of
Nonprofits/Nonprofit Voter
Engagement Network
Minnesota Land Trust
Minnesota Medical Foundation
Minnesota Public Radio/American
Public Media
Montclair Fund for Educational
Excellence
Monterey Jazz Festival
Morris Animal Foundation
Mountain School of Milton
Academy
Movement Strategy
Center/Alliance for Education
Justice
Movement Strategy
Center/Movement Generation
Justice and Ecology Project
Movement Strategy Center
Movement Strategy Center
Music for the Earth
Music National Service Initiative
National Coalition for Asian
Pacific American Community
Development
National Committee for
Responsive Philanthropy
National Council Of La Raza
National Council Of La Raza
National Council of Nonprofits
Approval
Year/Qtr.
09.4
10.1
Balance
6/30/09
$
170,000
-
Authorized
(Rescinded)
$
70,000
Paid Thru
6/30/10
$
85,000 $
35,000
Balance
6/30/10
85,000
35,000
10.4
08.3
75,000
300,000
-
100,000
75,000
200,000
-
10.1
-
85,000
85,000
-
10.1
10.4
10.1
10.4
10.3
-
5,000
50,000
75,000
120,000
5,000
5,000
50,000
75,000
40,000
5,000
80,000
-
09.4
50,000
-
50,000
-
10.3
10.1
10.2
-
50,000
5,000
15,000
50,000
5,000
15,000
-
10.1
-
100,000
100,000
-
10.1
08.3
10.1
75,000
-
35,000
3,500
35,000
75,000
3,500
-
10.4
-
5,000
5,000
-
10.4
-
125,000
125,000
-
10.3
10.4
09.3
10.2
10.4
400,000
-
15,000
15,000
5,000
10,000
15,000
15,000
200,000
5,000
10,000
200,000
-
10.4
-
15,000
15,000
-
10.1
10.1
10.1
10.1
-
25,000
2,500
6,000
25,000
25,000
2,500
6,000
25,000
-
42
Surdna Foundation, Inc.
Grants
Grantee
National Governors Association
Center for Best Practices
National Hispanic Cultural Center
National Housing Trust
National Immigration Law
Center/New Orleans Workers’
Center for Racial Justice
National Organization On
Disability
National Skills Coalition
Natural Capital Institute - Green
For All
Natural Resources Defense
Council
NCB Capital Impact
Neighborhood Progress, Inc.
Neighborhoods Planning &
Community Development
Network
Net Impact
Network For Good
New America Foundation
New Hampshire Charitable
Foundation
New Jersey Performing Arts
Center
New Life Family Services
New Orleans Ballet Association
New World Foundation
New York Civil Liberties Union
New York Civil Liberties Union
New York Community Trust
New York University - Robert
Wagner Graduate School of
Public Service
New York University-Tisch School
of the Arts
New York Youth Symphony
Nonprofit Coordinating Committee
of New York
Nonprofit Finance Fund
Nonprofit Housing Association of
Northern California
Nonprofit Knowledge Works
Nonprofit Technology Enterprise
Network/MobileActive
Nontraditional Employment for
Women
Approval
Year/Qtr.
Balance
6/30/09
Authorized
(Rescinded)
Paid Thru
6/30/10
-
$ 100,000
100,000
150,000
$ 100,000
50,000
75,000
10.3
-
150,000
150,000
-
10.3
10.4
-
5,000
300,000
5,000
100,000
200,000
09.1
100,000
-
100,000
-
09.3
10.1
10.4
150,000
-
80,000
200,000
150,000
80,000
200,000
-
10.4
10.1
10.1
10.3
-
100,000
75,000
100,000
50,000
100,000
75,000
100,000
50,000
-
10.1
-
5,000
5,000
-
10.1
10.3
08.3
10.4
09.3
10.1
10.1
75,000
222,000
-
225,000
500
85,000
3,250
300,000
75,000
500
75,000
85,000
148,000
3,250
300,000
150,000
74,000
-
10.3
-
3,000
3,000
-
10.3
08.1
80,000
240,000
-
80,000
80,000
160,000
-
10.1
10.4
-
25,000
75,000
25,000
75,000
-
10.3
10.4
-
50,000
100,000
50,000
-
100,000
10.1
-
50,000
50,000
-
10.4
-
7,500
7,500
-
10.3
10.3
10.3
$
43
Balance
6/30/10
$
50,000
75,000
Surdna Foundation, Inc.
Grants
Grantee
North Carolina Dance Theatre
Northcoast Regional Land Trust
Northern Forest Center
Northwest Atlantic Marine
Alliance
Northwest Atlantic Marine
Alliance
Northwest Atlantic Marine
Alliance
Northwest Bronx Community &
Clergy Coalition
Northwestern University National High School Institute
Oakland Kids First
Oasis Center
OMB Watch/Focus Project, Inc.
On The Move
On The Move
On The Move
On The Move
On The Move
On The Move
Orange County High School of the
Arts
OSLC Community Programs
Otis Art Institute
Padres Unidos Inc
Participatory Culture Foundation
Partners in Health
Partners in Health
Partners in Health
Partners in Health
Partnership for Working Families
Partners-In-Service/Michael
Carter Lisnow Respite Center
Peabody Institute of the Johns
Hopkins University
Peace and Justice Center/Gross
National Happiness American
Project
Penumbra Theatre Company
People Animals Love
People Organized to Win
Employment Rights
PERI Support Fund, Inc./Political
Economy Research Institute
Perseverance Theatre
Philadelphia Dance Company
Philadelphia Mural Arts Advocates
Approval
Year/Qtr.
10.4
10.1
10.1
Balance
6/30/09
$
-
Authorized
(Rescinded)
$
50,000
30,000
2,500
Paid Thru
6/30/10
$
50,000
30,000
2,500
Balance
6/30/10
$
-
09.3
55,000
-
55,000
-
10.1
-
3,000
3,000
-
10.3
-
93,000
93,000
-
10.3
-
85,000
85,000
-
10.1
10.1
09.4
10.3
10.1
09.1
09.4
10.4
10.1
10.1
50,000
120,000
100,000
-
30,000
80,000
50,000
2,000
123,000
65,000
15,000
30,000
80,000
50,000
50,000
2,000
120,000
100,000
50,000
65,000
15,000
73,000
-
09.3
10.4
08.3
10.4
10.1
10.1
10.3
10.3
10.4
10.3
50,000
50,000
-
66,000
100,000
200,000
20,000
11,500
40,000
1,250
450,000
50,000
20,000
50,000
200,000
20,000
11,500
40,000
1,250
150,000
46,000
100,000
300,000
10.4
-
10,000
10,000
-
10.4
-
30,000
30,000
-
50,000
-
5,000
5,000
5,000
50,000
5,000
-
10.3
-
75,000
75,000
-
09.4
10.1
10.3
09.1
115,000
160,000
50,000
50,000
-
50,000
50,000
80,000
115,000
80,000
10.04
08.4
10.3
44
Surdna Foundation, Inc.
Grants
Grantee
Philadelphia Student Union
Philanthropy New York
Pittsburgh Ballet Theatre
Pittsburgh Partnership for
Neighborhood Development
Planned Parenthood of MinnesotaSouth Dakota
Planned Parenthood of MinnesotaSouth Dakota
Policy Consensus Initiative
Policy Consensus Initiative
Pontchartrain Park Community
Development Corporation
Pop Tech Institute
Porchlight Theatre Company
Porchlight Theatre Company
Portland State University
Foundation
Portland State University
Foundation
Pound Puppy Rescue
Pound Puppy Rescue
Pratt Institute
Praxis Project
President & Fellows of Harvard
College
President and Trustees of Bates
College - Bates Dance Festival
President’s Committee on the Arts
and the Humanities
Progressive America Fund/Center
for Working Families
Prometheus Radio Project
Public Health Foundation
Enterprises/Just Communities
Central Coast
Public Radio Capital
Puente Movement
Pundit Productions Inc.
Radio For Milwaukee/88Nine
Radio Milwaukee
Raw Art Works
Reconnecting America Transportation for America
Reconnecting America
Rectors and Visitors of the
University of Virginia
Regeneration Project
Approval
Year/Qtr.
09.3
10.1
10.1
Balance
6/30/09
$
60,000
-
Authorized
(Rescinded)
$
25,000
65,000
Paid Thru
6/30/10
$
25,000
65,000
Balance
6/30/10
$
60,000
-
10.4
-
300,000
-
300,000
10.4
-
10,000
10,000
-
10.1
10.1
09.3
62,000
5,000
3,500
-
5,000
3,500
62,000
-
10.1
10.3
10.3
10.4
-
50,000
50,000
1,000
1,000
50,000
50,000
1,000
1,000
-
09.3
208,000
-
208,000
-
10.1
10.4
10.3
10.3
10.4
-
4,000
1,000
200
15,000
125,000
4,000
1,000
200
15,000
125,000
-
10.2
-
10,000
10,000
-
09.4
150,000
-
75,000
75,000
10.4
-
15,000
15,000
-
10.3
10.1
-
200,000
75,000
100,000
75,000
100,000
-
10.3
10.1
10.4
10.1
-
20,000
200,000
5,000
200,000
20,000
200,000
200,000
5,000
-
10.1
10.3
-
50,000
70,000
50,000
35,000
35,000
09.4
10.3
500,000
-
650,000
500,000
300,000
350,000
10.1
10.1
-
5,400
100,000
5,400
100,000
-
45
Surdna Foundation, Inc.
Grants
Grantee
Regents of the University of
California - Berkeley/University
of California, Berkeley - Young
Musicians Program
Regents of the University of
California - University of
California, Davis/University of
California, Davis - Institute of
Transportation Studies
Regents of the University of
California - University of
California, Davis
Regents of the University of
California Los
Angeles/University of California
Institute for Democracy,
Education, and Access
Regents of the University of
California Los Angeles University of California Institute
for Democracy, Education, and
Access
Regents of the University of
Michigan
Regional Plan Association - Empire
State Future
Regis School of the Sacred Heart
Research Foundation of
CUNY/Institute for Participatory
Action Research and Design
Restaurant Opportunities Center
of New York (ROC-NY)
Rhode Island School of Design
Right to the City Alliance
Rockefeller Philanthropy
Advisors/Sustainable
Endowments Institute
Rockefeller Philanthropy
Advisors/Gulf Coast Fund for
Community Renewal and
Ecological Health
Rockland Institute for Special
Education
RSF Social Finance
Rubicon National Social
Innovations
Rutgers University Foundation
Saint Joseph Ballet Company/The
Wooden Floor
Approval
Year/Qtr.
10.1
Balance
6/30/09
$
-
Authorized
(Rescinded)
$
120,000
Paid Thru
6/30/10
$
60,000 $
Balance
6/30/10
60,000
10.1
-
10,000
10,000
-
09.4
100,000
-
100,000
-
10.3
-
75,000
75,000
-
09.3
100,000
-
100,000
-
10.4
-
150
150
-
09.3
10.2
75,000
-
1,000
75,000
1,000
-
10.1
-
150,000
75,000
75,000
10.1
08.1
10.3
80,000
-
5,000
150,000
5,000
80,000
150,000
-
10.1
-
50,000
50,000
-
10.4
-
150,000
150,000
-
10.1
10.4
-
7,500
2,500
7,500
2,500
-
10.1
10.4
-
100,000
5,000
100,000
5,000
-
09.4
80,000
-
80,000
-
46
Surdna Foundation, Inc.
Grants
Grantee
Saint Paul Chamber Orchestra
Society
Saint Paul Foundation
Saint Stephens Episcopal Church
San Francisco Art Institute
San Francisco Ballet Association
San Francisco Jazz Organization
San Francisco Symphony
School of the Arts Foundation Dreyfoos School of the Arts
School of Unity and Liberation
Schott Foundation for Public
Education
Self Help Graphics & Arts, Inc.
Shadhika Project
Shadhika Project
Shorebank Enterprise Group
Smart Growth America
Smart Growth America
Smart Growth America/Smart
Growth Leadership Institute
Smithsonian Institution
Smithsonian Latino Center
Social Enterprise Alliance
Society of Environmental
Journalists
South Carolina Governor’s School
for the Arts Foundation
South Middlesex Opportunity
Council
Southeast Alaska Conservation
Council
Southern California Foster Family
and Adoption Agency
SouthWest Organizing Project
SouthWest Organizing Project
Spells Writing Center
Sphinx Organization
Sphinx Organization
Spy Hop Productions
St. Mary’s R.C. Church
St. Mary’s R.C. Church
Stanford Jazz Workshop
Stoneleigh-Burnham School
Summer Stages Dance at Concord
Academy
Susan G Komen Breast Cancer
Foundation
Approval
Year/Qtr.
10.3
08.3
10.2
08.3
10.3
09.4
09.1
Balance
6/30/09
$
100,000
50,000
25,000
50,000
Authorized
(Rescinded)
$
25,000 $
15,000
75,000
-
Paid Thru
6/30/10
25,000
100,000
15,000
50,000
75,000
25,000
50,000
Balance
6/30/10
$
-
09.3
10.1
120,000
-
100,000
60,000
100,000
60,000
-
10.3
10.2
10.4
10.3
10.4
10.3
08.1
300,000
5,000
2,500
1,000
1,000
300,000
200,000
-
5,000
2,500
1,000
1,000
100,000
200,000
300,000
200,000
-
10.4
10.1
10.1
10.1
-
75,000
10,000
5,000
100,000
75,000
10,000
5,000
100,000
-
09.1
100,000
-
100,000
-
09.3
40,000
-
-
40,000
10.4
-
2,500
2,500
-
08.1
50,000
-
50,000
-
10.3
09.4
10.4
10.3
10.4
08.3
08.4
10.3
10.4
10.4
10.4
100,000
50,000
40,000
-
10,000
125,000
1,000
15,000
3,750
3,000
35,000
5,000
10,000
100,000
1,000
15,000
50,000
40,000
3,750
3,000
35,000
5,000
125,000
-
10.4
-
65,000
65,000
-
10.3
-
150
150
-
47
Surdna Foundation, Inc.
Grants
Grantee
Sustainable Northwest
Sweet Home New Orleans
Teach for America
Techsoup/Compumentor Project
Techsoup/Compumentor Project
The Attic Youth Center
The Communications Network
The Land Institute
The New School
The Urban Institute
Thelonious Monk Institute of Jazz
Third Sector New England/Boston
Area Youth Organizing Project
Third Sector New England/Design
Studio for Social Intervention
Third Sector New England/Design
Studio for Social Intervention
Tides Center/Honor the Earth
Tides Center/New Policy Institute
Tides Center - Apollo Alliance
Tides Center
Tides Center/Open Media and
Information Companies Initiative
Tides Center/Great Lakes Urban
Exchange
Tides Center/Apollo Alliance
Tides Foundation/California Fund
for Youth Organizing
TransForm
Transnational Institute for
Grassroots Research and Action
Trevor Project
Trustees of Indiana University
Tubman
Turn 2 Foundation
Twin Pines Housing Trust
UBW, Inc.
Union Gospel Mission Twin Cities
Union of Minority Neighborhoods
United States Student Association
Foundation
University of Maine System Edmund S. Muskie School of
Public Service - New England
Environmental Finance Center
University of Massachusetts
Amherst Foundation - New
World Theater
Approval
Year/Qtr.
10.4
10.4
10.1
10.3
08.3
10.1
10.1
09.3
09.1
10.1
09.1
Balance
6/30/09
$
200,000
75,000
100,000
150,000
Authorized
(Rescinded)
$
100,000
100,000
10,000
75,000
5,000
25,000
200,000
-
Paid Thru
6/30/10
$
100,000
100,000
10,000
75,000
200,000
5,000
25,000
75,000
50,000
200,000
75,000
Balance
6/30/10
$
50,000
75,000
09.1
75,000
-
75,000
-
10.1
-
10,000
10,000
-
10.4
10.4
10.1
09.4
10.1
150,000
-
10,000
15,000
10,000
300
10,000
15,000
10,000
150,000
300
-
10.1
-
75,000
75,000
-
10.3
10.3
-
15,000
450,000
15,000
250,000
200,000
10.4
10.3
-
50,000
125,000
50,000
125,000
-
10.4
10.1
08.3
10.4
10.3
10.1
10.4
10.3
10.4
1,500,000
-
50,000
20,000
2,500
6,000
5,000
150,000
500
84,000
50,000
20,000
2,500
6,000
5,000
150,000
500
25,000
1,500,000
59,000
10.1
-
100,000
100,000
-
10.4
-
115,000
30,000
85,000
09.4
50,000
-
-
48
(50,000)
Surdna Foundation, Inc.
Grants
Grantee
University of Mississippi
Foundation
University of Mississippi
Foundation
University of North Carolina at
Greensboro
University of the Arts
University of the Sciences in
Philadelphia
University of Virginia - Institute
for Environmental Negotiation
Upper Valley Land Trust
Urban Agenda
Urban Habitat
Urban Justice Center
Urban Justice Center
Urban Strategies Council
Van Bakeren Foundation
Vanderbilt University-North
Nashville Community Outreach
Partnership Center
Vassar College
Vermont Community Foundation
Vermont Land Trust
Vermont Law School
Village of Arts and Humanities
Villanova University
Vital Communities
Walden Family Services
Foundation Inc.
Walker Art Center
Walker Art Center
Washington University in St. Louis
- George Warren Brown School
of Social Work
Wayne County Humane Society,
Inc.
WBEZ Alliance, Inc.
Wesleyan University
Westside Industrial Retention and
Expansion Network
What Kids Can Do
WITNESS
WNYC Radio, Inc.
WNYC Radio, Inc.
Women’s Foundation of Minnesota
World Resources Institute
Approval
Year/Qtr.
10.1
Balance
6/30/09
$
-
Authorized
(Rescinded)
$
3,000
Paid Thru
6/30/10
$
3,000
Balance
6/30/10
$
-
09.3
75,000
-
75,000
-
10.4
08.4
75,000
7,500
-
7,500
75,000
-
10.2
-
2,500
2,500
-
09.2
10.1
10.4
10.1
09.4
09.3
10.3
10.1
254,000
91,500
100,000
-
5,000
200,000
300,000
150,000
3,000
143,000
5,000
100,000
200,000
63,500
100,000
75,000
3,000
111,000
100,000
100,000
28,000
10.1
10.4
10.1
10.1
10.2
10.4
10.4
10.1
-
61,000
5,000
2,500
5,000
5,000
50,000
15,000
2,500
61,000
5,000
2,500
5,000
5,000
50,000
2,500
15,000
-
10.1
10.1
08.1
80,000
107,000
6,000
-
57,000
6,000
80,000
50,000
-
10.1
-
20,000
20,000
-
10.3
10.3
10.2
-
750
50,000
5,000
750
50,000
5,000
-
10.4
10.1
10.3
10.1
10.1
10.4
09.4
15,000
200,000
65,000
25,000
200,000
10,000
2,500
-
200,000
65,000
25,000
200,000
10,000
2,500
15,000
-
49
75,000
-
Surdna Foundation, Inc.
Grants
Grantee
Yale University
Yele Haiti
YMCA of Metropolitan Minneapolis
Young People’s Chorus of New
York City
Youth Business Initiative
Youth Business Initiative
Youth Business Initiative
Youth Communication New York
Center
Youth In Action
Youth In Focus
Youth Justice Coalition
Youth Ministries for Peace and
Justice
Youth Rights Media
Youth Speaks
Youth Together
Youth United For Change
Youth United for Community
Action
YouthBuild, U.S.A. / Youth on
board
Zaccho Dance Theatre
Returned Grant Fund(previous
years)
Approval
Year/Qtr.
08.3
10.3
09.1
Balance
6/30/09
$
25,000
300,000
Authorized
(Rescinded)
$
2,500
-
Paid Thru
6/30/10
$
25,000
2,500
150,000
Balance
6/30/10
$
150,000
10.4
09.3
10.1
10.4
88,000
-
100,000
2,500
85,000
50,000
88,000
2,500
30,000
50,000
55,000
10.1
10.1
10.1
08.3
70,000
15,000
160,000
160,000
-
15,000
80,000
80,000
70,000
80,000
80,000
-
10.4
10.3
10.4
09.3
09.4
90,000
75,000
75,000
100,000
75,000
-
75,000
50,000
75,000
90,000
75,000
50,000
-
10.4
-
90,000
90,000
-
10.4
10.3
-
75,000
40,000
75,000
40,000
-
Total Grants
(152,067)
(152,067)
$16,722,000 $33,353,493 $34,033,993 $16,041,500
50
Surdna Foundation, Inc.
Budgetary Reconciliation of the Cash Basis to the Accrual Basis
Operating Expenses:
Staff salaries
Fringe benefits
Payroll taxes and
unemployment
Surdna non-FTE per
diem
Rent
Staff expenses
Consultants
Directors’ expensesquarterly meetings
Directors’ expensesgrant activities
Memberships
Legal fees
Audit/tax professional
fees
Office
supplies/maintenance
Telephone
Insurance
Messenger/postage
Conference registration
Internet costs/software
Stationery/printing
Books and subscriptions
Employee search fees
Tuition reimbursement
program
Miscellaneous
Fiscal Year
2010
Approved
Budget
Fiscal Year
2010 Cash
Activity
$2,758,590
697,887
$2,745,139
568,421
189,486
Net Accrual
Adjustments
Over (Under)
Budget
100%
81
$2,745,139
568,421
206,316
-
206,316
16,830
109
65,000
800,000
229,500
777,681
52,954
775,669
279,101
734,374
103,462
-
52,954
879,131
279,101
734,374
(12,046)
79,131
49,601
(43,307)
81
110
122
94
187,000
104,969
-
104,969
(82,031)
56
109,000
100,000
102,000
17,583
97,098
169,456
(33,905)
17,583
97,098
135,551
(91,417)
(2,902)
33,551
16
97
133
75,000
82,000
(3,000)
79,000
4,000
105
92,020
64,000
40,000
15,000
32,000
31,000
65,000
9,000
-
102,006
73,311
50,693
10,489
16,141
46,286
34,410
7,836
66,076
102,006
73,311
50,693
10,489
16,141
46,286
34,410
7,836
66,076
9,986
9,311
10,693
(4,511)
(15,859)
15,286
(30,590)
(1,164)
66,076
111
115
127
70
50
149
53
87
n/a
5,000
30,000
17,946
97,159
17,946
54,783
12,946
24,783
359
183
6,474,164
6,355,433
24,181
6,379,614
(94,550)
27,000
-
-
-
(27,000)
-
75,525
55,000
2,500
20,750
26,912
33,290
-
-
26,912
33,290
-
(75,525)
(28,088)
30,790
(20,750)
49
1,332
-
180,775
60,202
-
60,202
(120,573)
Total Operating
and Capital
Expenses
$6,654,939
$6,415,635
$ 24,181
$6,439,816
$(215,123)
(42,376)
51
$ (13,451)
(129,466)
% of Budget
-
Capital Expenses:
Equipment/computer
Office reconfiguration29th Floor(1)
Office art project
Miscellaneous
Furniture and fixtures
$
Fiscal Year
2010 Accrual
Activity