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Treasurer's Report

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

View a PDF of the presentation.

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.