“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 31,2007


SUPPORT AND REVENUE
LCF CLCF
US$ CAD$
Total Expenses 1,999,518 233,458
 
Change in Net Assets 1,691,598 168,433
 
Net Assets, Beginning of Year 24,935,734 2,262,279
 
Net Assets, End of Year $26,627,332 $2,430,712
 
General Contributions 1,363,049 73,561
Endowment Contributions 600,248 297,983
Investment and Other Income Net of Fees 1,727,819 30,347
 
Total Support and Revenue 3,691,116 401,891
 
EXPENSES
 
Programmes
Gifts and Grants 579,913 -
Academic Scholarships 485,974 142,789
Technical Training and Vocational Scholarships 272,905 -
College of the Bahamas Scholarships 225,000 25,000
Other Programme Expenses 266,432 -
 
Total Programmes 1,830,224 167,789
 
Management and General Administration 123,846 65,669
Fundraising 45,448 -
 
Gifts and Grants
Source of Funds
Programme Expenses
Use of Funds

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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