Summary of the Treasurer’s Report on October 17, 2021

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Third Quarter 2021 Summary

• Giving was $1.96M
  Down $75K when compared to Q3 2020 giving
• Spending was $2.37M
  Up $44K when compared to Q3 2020 spending
• Spending exceeded giving by $413K
  In Q3 2020, spending exceeded giving by $294K

2021 Year-to-Date Summary

YTD Giving was $6.13M

• Down $305K when compared to 2020
• $867K below 2021 budgeted giving of $7.0M

YTD Spending was $7.06M

• Down $101K when compared to 2020 (normalized, no PPP)
• $471K below 2021 budgeted spending of $7.53M

YTD Spending exceeded Giving by $923K

• In 2020, YTD spending exceeded giving by $719K

Mortgages & Other Liabilities

Bethlehem Mortgage for North Campus

• $1.01M Principal balance as of 9/30/21
• Reduced by $369K YTD
• $140K of this reduction was from special designated gifts towards reducing our mortgage balances.

Bethlehem Mortgage for South Campus

• $6.50M principal balance as of 9/30/21
• Reduced by $136K YTD

See additional notes available in the PDF of the presentation.