2020 ANNUAL REPORT
FINANCIAL OVERVIEW

At the end of 2019, Chambers Fund changed its accounting period to a calendar year, with 2020 being the foundation’s first full year on this new schedule. All previous annual reports were based on a FYE of November 30.

Assets and Net Assets – Income Tax Basis
For the Year Ended December 31, 2020

ASSETS
Cash and Cash Equivalents	$5,238,688
Investments at Cost	$29,619,497
Museum Building and Land (net of $2,226,106 in accumulated depreciation)	$31,688,786
TOTAL ASSETS		$66,546,971
UNRESTRICTED NET ASSETS		$66,546,971
FAIR MARKET VALUE OF ASSETS		$79,384,422

Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended December 31, 2020

REVENUES		$3,645,845
EXPENSES
Grants Paid	$3,365,730
Other Program or Administrative	$41,287
Museum Building Depreciation	$861,719
Investment	$61,211
Excise Taxes	$44,500
TOTAL EXPENSES		$4,374,447
EXCESS (DEFICIT) OF REVENUES OVER EXPENSES		($728,602)