This article walks through each section of content contained in our quarterly fund statements.
Statement Period
Fund statements are released four times each year, with each fund statement covering three months of activity. The dates covered by the statement are listed on the Statement Period line near the top of each page.
Summary of Activities
This section shows summarized fund activities for the entire period covered by the statement. It also shows a year-to-date summary of the same information, starting from January 1 of the calendar year of the report period. If there is no value presented for a specific type of activity, then the fund did not have any activity of that type during the statement period.
Beginning Balance
The balance of the fund at the opening of the first day of the statement period.
Contributions
The total contributions of all types into the fund that have been received during the statement period. Transaction details can be found in the “Contributions” section of the statement.
Transfers In/Out
The net change to the fund by all fund-to-fund transfers during the statement period. Transaction details can be found in the “Transfers” section of the statement.
Net Investment Performance
The net change to the fund from investments during the statement period, including activity such as dividend and interest income, realized gains and losses, investment management expenses, and market value fluctuations associated with the fund’s underlying investments.
Grants Paid
The total grants from the fund that have been paid during the statement period. Transaction details can be found in the “Grants” section of the statement.
Administrative Fees
The total administrative fees paid during the statement period. The vendor for our online platform includes this line because administrative fees on the balance of a fund are a reality for most DAF sponsor organizations. The Signatry does not charge an administrative fee on the balance of a donor advised fund, so this line will not have a value.
Other Revenue
The Signatry does not make use of this line at this time.
Other Expenses
The total expenses charged to the fund during the statement period. This may include:
third-party processing fees for contributions received via credit or debit card or a bank account linked to the fund
special grant processing fees
investment option fees
origination fees for alternative investments
tax payments associated with nonliquid holdings within the fund
Transaction details can be found in the “Other Expenses” section of the statement.
Ending Balance
The balance of the fund at the close of the last day of the statement period.
Statement of Financial Position
This section shows the distribution of the balance of the fund across different asset types at the close of the statement period, based on transactions that have been completed. The total of these assets is listed on the line Total Assets.
If there are transactions that have been initiated during the statement period but not cleared by the close of the statement period, they will be listed below Total Assets in the “to be Cleared” lines.
The sum of Total Assets and the “to be Cleared” assets will be listed as Net Assets. This amount should be the same as the Ending Balance in the Summary of Activities.
Note that due to rounding of investment transactions that exceed two decimal places, there may be a difference of $0.01 between these two numbers.
Investment Asset Summary
The Investment Asset Summary table provides a detailed breakdown of fund balances by financial account as of the end of the statement period, excluding cash in transit and accrual balances. The asset class reflects the dominant asset class of the financial account and is not intended to indicate a full asset class breakout of all holdings.
The Total amount listed under Investment Asset Summary should be the same as the Ending Balance in the Summary of Activities.
Note that due to rounding of investment transactions that exceed two decimal places, there may be a difference of $0.01 between these two numbers.
Your Generosity & Impact
This section displays the amount that has been granted from the fund since 2023, including the total amount for that period and a bar graph illustrating annual totals.
Your Causes
This section uses a pie chart to illustrate the top five causes associated with the recipients of the grants made from this fund since 2023.
Contributions
This section shows each individual contribution to the fund during the statement period. If the fund received no contributions during the statement period, this section will not be present on the statement.
Grants
This section displays each individual grant that was paid from the fund during the statement period. It will not show grants that were denied or are still in process. If no grants were paid out of the fund during the statement period, this section will not be present on the statement.
Transfers
This section displays each individual transfer in from another fund at The Signatry and/or transfer out to another fund at The Signatry. If the fund had no transfers during the statement period, this section will not be present on the statement.
Other Expenses
This section displays each individual expense charged to the fund during the statement period. If the fund had no expenses during the statement period, this section will not be present on the statement.
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