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, 2016 to June 30, 2017 (FY 2017).

Audited Financial Statements and Tax Returns

FY 2017 Grants Paid

Total Grants Paid

$21,173,476

Endowment Value

FY 2013-2017

Consolidated Financial Statements

Modified Cash Basis

FY 2017 and 2016

Financial Position - Assets | Liabilities and Net Assets
Assets FY 2017 FY 2016
Total Assets$463,179,723$406,722,997
Investments
Money Market Fund$20,177,432$26,183,190
U.S. Government Treasury and Agency Obligations7,683,3177,711,868
Municipal obligations80,520-
Common stock245,552,720262,622,919
Corporate bonds22,458,40423,396,768
Foreign bonds5,098,2265,488,790
Mutual funds33,639,80332,030,470
Exchange traded funds79,658,0406,008,769
Notes, mortgages and derivative contracts79,801122,791
Alternative investments38,739,82633,735,984
Total investments453,168,089397,301,549
Other Assets9,487,3089,199,289
Federal Excise Taxes Receivable524,326222,159

 

Liabilities and Net Assets FY 2017 FY 2016
Total Liabilities and Net Assets$463,179,723$406,722,997
Liabilities
Grants and scholarships payable$20,544,547$17,265,056
Long-term grants and scholarships payable19,171,75025,028,045
Total Liabilities39,716,29742,293,101
Net Assets - Unrestricted
Net assets - unrestricted420,025,695360,737,506
Non-controlling interest in subsidiary3,437,7313,692,390
Total Net Assets423,463,426364,429,896
Activities
  FY 2017 FY 2016
Net Assets, End of Year$423,463,426$364,429,896
Revenues, Net Gains and (Losses) and Other Support
Interest$1,582,356$1,480,592
Dividends5,870,6897,012,988
Other2,655,969515,671
Net gains (losses) on investments51,443,845(15,110,523)
Contribution revenue21,929,662-
Total revenues, net gains and (losses) and other support83,482,521(6,101,272)
Expenses
Grants and scholarships19,539,84120,557,992
Management and general expenses4,456,9114,281,323
Provision for federal excise taxes477,23958,633
Total expenses24,473,99124,897,948
Excess/(Deficiency) of Revenues, Net Gains and (Losses) and Other Support Over/(Under) Expenses59,008,530(30,999,220)
Investment in Non-controlling Interest of Subsidiary25,0001,675,000
Change in Net Assets59,033,530(29,324,220)
Net Assets, Beginning of Year364,429,896393,754,116
Financial Position - Assets | Liabilities and Net Assets
AssetsFY 2017FY 2016
Investments
Money Market Fund$20,177,432$26,183,190
U.S. Government Treasury and Agency Obligations7,683,3177,711,868
Municipal obligations80,520-
Common stock245,552,720262,622,919
Corporate bonds22,458,40423,396,768
Foreign bonds5,098,2265,488,790
Mutual funds33,639,80332,030,470
Exchange traded funds79,658,0406,008,769
Notes, mortgages and derivative contracts79,801122,791
Alternative investments38,739,82633,735,984
Total investments453,168,089397,301,549
Other Assets9,487,3089,199,289
Federal Excise Taxes Receivable524,326222,159
Total Assets$463,179,723$406,722,997

 

Liabilities and Net AssetsFY 2017FY 2016
Liabilities
Grants and scholarships payable$20,544,547$17,265,056
Long-term grants and scholarships payable19,171,75025,028,045
Total Liabilities39,716,29742,293,101
Net Assets - Unrestricted
Net assets - unrestricted420,025,695360,737,506
Non-controlling interest in subsidiary3,437,7313,692,390
Total Net Assets423,463,426364,429,896
Total Liabilities and Net Assets$463,179,723$406,722,997
Activities
FY 2017FY 2016
Revenues, Net Gains and (Losses) and Other Support
Interest$1,582,356$1,480,592
Dividends5,870,6897,012,988
Other2,655,969515,671
Net gains (losses) on investments51,443,845(15,110,523)
Net gains (losses) on investments21,929,662-
Total revenues, net gains and (losses) and other support83,482,521(6,101,272)
Expenses
Grants and scholarships19,539,84120,557,992
Management and general expenses4,456,9114,281,323
Provision for federal excise taxes477,23958,633
Total expenses24,473,99124,897,948
Excess/(Deficiency) of Revenues, Net Gains and (Losses) and Other Support Over/(Under) Expenses59,008,530(30,999,220)
Investment in Non-controlling Interest of Subsidiary25,0001,675,000
Change in Net Assets59,033,530(29,324,220)
Net Assets, Beginning of Year364,429,896393,754,116
Net Assets, End of Year$423,463,426$364,429,896

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 2017 Audited Financial Statements above for the full presentation.