Bill & Melinda Gates Foundation Financial Statement Gates Learning Foundation Financial Statement Bill & Melinda Gates Statement of Activities Gates Learning Foundation Statement of Activities

Gates Learning Foundation Statement of Activities For the Twelve Month Period Ending December 31, 1999 (in Millions) Net Investment Income $ 26.8 Contributions 1,137.5 Total Income & Contributions 1,164.3 Grants Awarded 111.3 Direct Charitable Expenses 14.7 Program & Administrative Expenses 6.6 Federal Excise Taxes 23.6 Total Expenses 156.1 Increase in Unrestricted Net Assets $ 1,008.3