Statements of Revenues and Expenses (Unaudited)

For the year that ended December 31, 2015 ($ Millions)

Revenue	Non-Board Contributions*	Board Contributions**	Total
Contributions	108.5	72.0	180.5
Net Gains on Board-Donated Investments		0.1	0.1
Total Revenues	108.5	72.1	180.6
Expenses	Grants Paid with Non-Board Contributions*	Costs Covered By Board Members**	Total
Program
Grants and Initiative	82.2	48.4	130.7
Evaluations and Consulting Services for Grantees		1.5	1.5
Program Salaries and Overhead		7.6	7.6
Subtotal - Program	82.2	57.5	139.8
Fundraising and Public Information
Communications and Events Production	—	12.1	12.1
Development Salaries and Overhead	—	9.5	9.5
subtotal - fundraising and public information	0.0	21.6	21.6
Administration Salaries and Overhead		3.5	3.5
Total Expenses	82.2	82.6	164.9
Change in Net Assets	$26.2	$(10.5)	$15.7
Total Net Assets, Beginning of Year			361.9
Total Net Assets, End of Year			$377.6
Total Net Assets			$377.6
Less: Board Designated for 2016 program expenses			(119.8)
Less: Board and Donor Restricted by time and purpose			(214.5)
Less: Illiquid, restricted assets			(3.8)
Residual Spendable Net Assets at 12/31/15***			$39.5

*	100% of unrestricted Non-Board contributions pay for grants and initiatives within one year. 2015 unrestricted contributions will be used to pay for core grants in 2016.
**	100% of all overhead costs are covered by Board donations unless specifically funded by restricted donations.
***	Spendable net assets are net assets that remain after subtracting all liabilities, commitments and illiquid assets. This is Robin Hood's reserve fund. Because all non-board donations are designated solely and directly for program grants, this reserve fund is comprised exclusively of board-donated dollars.

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