b'Statements of Financial Position Statements of ActivitiesDecember 31, 2022 (with comparative amounts as of December 31, 2021) Year ended December 31, 2022 (with summarized financial information for the year ended December 31, 2021)Without DonorWith Donor2022 2021 Assets20222021 Revenue, gains, and other support RestrictionsRestrictionsTotal Total Cash and cash equivalents$ 1,730,142 $ 2,626,410 Contributions, net$1,428,626 $ 17,857,223 $19,285,849 $25,253,915 Receivable from fund manager 2,724,549-Investment income:Accounts and trade receivable607,712336,063 Dividends and interest721,104 2,594,626 3,315,730 2,687,883 Contributions receivable20,000 42,000 Net realized and unrealized gain (loss) on investments(8,286,406) (21,799,253) (30,085,659) 21,025,512Pledges receivable, net1,784,205 2,341,615 Investment advisory fees1,253,259 -1,253,259 1,354,312 Beneficial interest in trusts held by others843,588 1,332,166 Other(190,238) 15,581 (174,657) 1,543,238 Investments171,429,054 205,939,533 Gain on uncollectible accounts -54,859Agency funds74,605,734 87,128,192 Change in value of split-interest agreements(477,875) 1,550,103 1,072,228 (96,658) Right of use asset949,455- Net assets released from restrictions19,877,994(19,877,994)- - Real estate held for investment531531Other assets 527,565 490,829Total revenue, gains, and other support14,326,464 (19,659,714) (5,333,250) 51,823,061 Total assets $ 255,222,535$ 300,237,339ExpensesLiabilities and net assets Grants 19,473,617 -19,473,617 21,514,028 Grants administration 462,927 -462,927 427,390Liabilities Annuity payments and distributions to beneficiaries285,644 -285,644 257,339 Accounts payable and accrued liabilities$885,600 $810,248Annuity payments and distributions administration 259,330 -259,330 247,968 Distributions payable67,33151,911Development2,109,364 -2,109,364 1,793,301 Grants payable2,656,922 3,371,450Management and general 3,248,006-3,248,0063,174,895 Liability to trust beneficiaries2,689,527 3,669,349 Agency funds74,605,734 87,128,192 Total expenses25,838,888- 25,838,88827,414,921Right of use liability 949,455 - Deferred revenue3,790,220 4,901,277Change in net assets(11,512,424) (19,659,714) (31,172,138) 24,408,140Annuities payable4,778,6314,333,659 Net assets at beginning of year 42,464,400153,506,853 195,971,253171,563,113Total liabilities90,423,420104,266,086Net assets at end of year$ 30,951,976$ 133,847,139$ 164,799,115$ 195,971,253Net assetsWithout donor restrictions30,951,976 42,464,400 With donor restrictions133,847,139153,506,853Total net assets164,799,115195,971,253Total liabilities and net assets$ 255,222,535$ 300,237,339To see a full copy of our audited financial statements, please visit www.catholicfoundation.com.To see a full copy of our audited financial statements, please visit www.catholicfoundation.com. 12 13'