Pebble Beach Company Foundation Annual Report 2018

2018 Financial Statements Pebble Beach Company Foundation is committed to providing a stable source of funding to the region’s best youth-focused nonprofits. We are structured in a manner that allows for minimal general and administrative cost, which maximizes dollars available for grants and scholarships. To date, the Foundation has given $8.8 million to improve education opportunities for youth in Monterey County. 40+ years $6.6M 2009—2018 $1.4M 1999—2008 $485K 1989—1998 $275K 1979—1988 12 STATEMENT OF FINANCIAL POSITION AUDITED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDING DECEMBER 31, 2018 STATEMENT OF ACTIVITIES PEBBLE BEACH COMPANY FOUNDATION ASSETS $ 1,006,726 Cash and cash equivalents 12,777,842 Investments at fair value $ 13,784,568 Total assets LIABILITIES $ 0 NET ASSETS $ 13,784,568 REVENUE AND SUPPORT $ 2,401,732 Net contribution and fundraising revenues (767,227) Net investment loss $ 1,634,505 Total net revenues and support EXPENSES $ 1,036,817 Grants and scholarships 140,738 General and administrative $ 1,177,555 Total expenses INCREASE IN NET ASSETS $ 456,950