“Having worked in the non-profit sector, I gained a real appreciation for the work of the Lyford Cay Foundations and their philanthropic commitment to the development of the country and the people of The Bahamas.”

Felicity Humblestone, Foundation scholar, Director of Development, The College of The Bahamas

Financials

For the year ended December 31,2008


SUPPORT AND REVENUE
LCF CLCF
US$ CAD$
Total Expenses 4,093,879 257,092
 
Change in Net Assets (8,975,872) (123,548)
 
Net Assets, Beginning of Year 26,401,380 2,430,712
 
Net Assets, End of Year $17,425,508 $2,307,164
 
General Contributions 1,449,879 168,019
Endowment Contributions 626,726 49,590
Investment and Other Income Net of Fees (6,958,634) (84,065)
 
Total Support and Revenue (4,881,993) 134,544
 
EXPENSES
 
Programmes
Gifts and Grants 2,322,784 -
Academic Scholarships 500,076 185,000
Technical Training and Vocational Scholarships 306,085 -
College of the Bahamas Scholarships 323,000 30,570
Other Programme Expenses 220,482 -
 
Total Programmes 3,672,427 215,570
 
Management and General Administration 327,182 41,522
Fundraising 94,270 -
 

Investment Income includes realized and unrealized gains net of fees

LCF includes Lyford Cay Foundation, Inc., Lyford Cay Members Foundation and Shirley Oakes Butler Trust

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