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DISCLOSURE INFORMATION: As of the unaudited annual report of December 31, 2009, the Barrington Area Community Foundation had net assets of $2,527,603, approximately 19 times the total expenses and grants of $133,381 in the fiscal year. As an IRS approved foundation that grants 5% of net assets averaged over the trailing 12 quarters, net assets will normally be 15 to 20 times the amount granted plus expenses. Any other outcome would not protect the corpus, according to long-term research and practice in the field. The 2009 audited report will be completed and posted by July 1, 2010.
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