OUR FINANCIALS

Peter Kiewit Foundation is a private independent foundation continually inspired by Mr. Kiewit’s belief in the importance of hard work, individual opportunity and building community. In the interest of transparency, the foundation’s audited financial statements and tax returns from the previous three fiscal years as well as key financial information from the most recent fiscal year are provided below. Please note the foundation’s fiscal year begins July 1st and ends June 30th of the following year. For example, the most recent fiscal year is July 1, 2017 to June 30, 2018 (FY 2018).

Audited Financial Statements and Tax Returns

FY 2018 Grants Paid

Total Grants Paid

$20,051,995

Endowment Value

FY 2014-2018

Consolidated Financial Statements

Modified Cash Basis

FY 2018 and 2017

Financial Position - Assets | Liabilities and Net Assets
Assets FY 2018 FY 2017
Total Assets$482,635,809$463,179,723
Investments
Money Market Fund$27,138,281$20,177,432
U.S. Government Treasury and Agency Obligations13,191,2317,683,317
Municipal obligations84,40580,520
Common stock242,836,928245,552,720
Corporate bonds33,463,93522,458,404
Foreign bonds8,187,5215,098,226
Mutual funds32,623,71233,639,803
Exchange traded funds75,549,67179,658,040
Notes, mortgages and derivative contracts82,00179,801
Alternative investments39,815,56938,739,826
Total investments472,973,254453,168,089
Other Assets9,662,5559,487,308
Federal Excise Taxes Receivable-524,326

 

Liabilities and Net Assets FY 2018 FY 2017
Total Liabilities and Net Assets$482,635,809$463,179,723
Liabilities
Grants and scholarships payable$27,847,980$20,544,547
Long-term grants and scholarships payable15,060,57719,171,750
Federal excise taxes payable15,395-
Total Liabilities42,923,95239,716,297
Net Assets - Unrestricted
Net assets - unrestricted436,055,272420,025,695
Non-controlling interest in subsidiary3,656,5853,437,731
Total Net Assets439,711,857423,463,426
Activities
  FY 2018 FY 2017
Net Assets, End of Year$439,711,857$423,463,426
Revenues, Net Gains and (Losses) and Other Support
Interest$1,801,661$1,582,356
Dividends6,701,5825,870,689
Other3,770,0482,655,969
Net gains (losses) on investments33,013,01451,443,845
Contribution revenue-21,929,662
Total revenues, net gains and (losses) and other support45,286,30583,482,521
Expenses
Grants and scholarships23,665,97519,539,841
Management and general expenses5,160,7284,456,911
Provision for federal excise taxes525,121477,239
Total expenses29,351,82424,473,991
Excess/(Deficiency) of Revenues, Net Gains and (Losses) and Other Support Over/(Under) Expenses15,934,48159,008,530
Investment in Non-controlling Interest of Subsidiary313,95025,000
Change in Net Assets16,248,43159,033,530
Net Assets, Beginning of Year423,463,426364,429,896
Financial Position - Assets | Liabilities and Net Assets
AssetsFY 2018FY 2017
Investments
Money Market Fund$27,138,281$20,177,432
U.S. Government Treasury and Agency Obligations13,191,2317,683,317
Municipal obligations84,40580,520
Common stock242,836,928245,552,720
Corporate bonds33,463,93522,458,404
Foreign bonds8,187,5215,098,226
Mutual funds32,623,71233,639,803
Exchange traded funds75,549,67179,658,040
Notes, mortgages and derivative contracts82,00179,801
Alternative investments39,815,56938,739,826
Total investments472,973,254453,168,089
Other Assets9,662,5559,487,308
Federal Excise Taxes Receivable-524,326
Total Assets$482,635,809$463,179,723

 

Liabilities and Net AssetsFY 2018FY 2018
Liabilities
Grants and scholarships payable$27,847,980$20,544,547
Long-term grants and scholarships payable15,060,57719,171,750
Federal excise taxes payable15,395-
Total Liabilities42,923,95239,716,297
Net Assets - Unrestricted
Net assets - unrestricted436,055,272420,025,695
Non-controlling interest in subsidiary3,656,5853,437,731
Total Net Assets439,711,857423,463,426
Total Liabilities and Net Assets$482,635,809$463,179,723
Activities
FY 2018FY 2017
Revenues, Net Gains and (Losses) and Other Support
Interest$1,801,661$1,582,356
Dividends6,701,5825,870,689
Other3,770,0482,655,969
Net gains (losses) on investments33,013,01451,443,845
Net gains (losses) on investments-21,929,662
Total revenues, net gains and (losses) and other support45,286,30583,482,521
Expenses
Grants and scholarships23,665,97519,539,841
Management and general expenses5,160,7284,456,911
Provision for federal excise taxes525,121477,239
Total expenses29,351,82424,473,991
Excess/(Deficiency) of Revenues, Net Gains and (Losses) and Other Support Over/(Under) Expenses15,934,48159,008,530
Investment in Non-controlling Interest of Subsidiary313,95025,000
Change in Net Assets16,248,43159,033,530
Net Assets, Beginning of Year423,463,426364,429,896
Net Assets, End of Year$439,711,857$423,463,426

NOTE: The Statement of Cash Flows and Notes to Financial Statements are an integral part of the consolidated statements. See the link to the FY 2018 Audited Financial Statements above for the full presentation.