Financials
The Leona M. and Harry B. Helmsley Charitable Trust
Audited Statement of Financial Position*
March 31,2011 and 2010
(Amounts in thousands)
| ASSETS | 2011 | 2010 |
|---|---|---|
| Cash and cash equivalents | $ 14,599 |
$ 2,971 |
| Receivables | 14,008 |
7,721 |
| Due from broker | 24,665 |
56,870 |
| Prepaid federal excise tax | - |
643 |
| Investments | 3,658,661 |
2,732,134 |
| Other assets | 153 |
128 |
|
|
|
|
| 3,712,086 |
2,800,467 | |
| Property and Equipment, net | ||
| Land and building (Park Lane Hotel) | 431,359 |
575,297 |
| Furniture, fixtures and equipment |
436 |
281 |
|
|
|
|
| Total Property and Equipment, net | 431,795 |
575,578 |
| Total Assets | $4,143,881 | $3,376,045 |
|
|
|
|
| LIABILITIES AND NET ASSETS | ||
| Liabilities | ||
| Accounts payable and accrued expenses | $ 3,252 |
$ 3,357 |
| Grants payable | 168,419 |
121,967 |
| Due to broker | 9,800 |
34,948 |
| Federal excise tax deferred and payable |
14,967 |
- |
|
|
|
|
| Total Liabilities | 196,438 |
160,272 |
| Unrestricted net assets | 3,947,443 | 3,215,773 |
|
|
|
|
| Total Liabilities and Net Assets | $4,143,881 | $3,376,045 |
|
|
|
* The Statement of Net Assets is an extraction from the audited financial statements. The audited financial statements are available in their entirety upon request.