Statements generated by CSuite, the AAACF's new financial system, includes more information than previous statments. The statement is split up into two main sections: The fund detail section appears at the top, followed by the financial position section.

Fund Detail

Following the name of the fund, this section includes these details:

• Fund ID: The four-digit code used by the system to identify the fund. If you ever have questions about your fund, reference the fund ID to help a AAACF staff member quickly find the fund in the system.
• Date established: The date that the fund was officially opened with the AAACF or one of its regional affiliate foundations.

Financial Position & Activities

This section may include the following details to show an overview of the activity throughout the reported periods:

• Contributions: Charitable gifts of cash or noncash (such as securities) received within the period noted in the statement.
• Investment Performance:
  • Realized Gains/(Losses): Upon selling an investment, the fund will experience a realized gain if the investment was sold above its cost basis. If the fund experiences a realized loss, an investment was sold below its cost basis.
  • Unrealized Gains/(Losses): Increase or decrease in the value of an investment that has yet to be sold.
  • Dividends/Interest: Dividends are distributions from a company’s earnings to its shareholders; Interest is the amount of money a bank pays for holding cash with the bank or for income derived from fixed-income bond instruments.
• Other Income: Can include (but is not limited to) rental income, tax credits, revenue for services and other nongift revenue incurred by the fund.
• Grants: Qualified grants or scholarships processed within the period.
• Administrative Fees: Supports operations and grantmaking programs of the AAACF
• Investment Management Fees: Professional money management/advisory fees incurred by the financial institutions based on the investment strategy for your fund.
• Other Expenses: Can include (but is not limited to) credit card merchant fees, stock gift liquidation fees, third-party fees and other nongrant expenses incurred by the fund.

Don’t see a category on your statement?

If there is no activity for a category in either of the reported periods, the category will not appear on the statement.