| |
| | Ford Foundation: Ford Foundation Annual Report 1977 - 65 |
 | | Market values for investments purchased through direct negotiation, and thus with limited marketability, amounted to $129,185,000 at September 30, 1977 and $123,475,000 at September 30, 1976 (see Note 1). |
 | | Depreciation on investments in 1977 comprised unrealized depreciation of $125,158,000 less realized gains of $15,521,000 on dispositions. |
 | | Unrealized (depreciation) appreciation is net of provisions for deferred federal excise tax of $3,472,000 in 1977 and $7,170,000 in 1976. |
| www.fordfound.org /eLibrary/documents/1977/080.cfm (436 words) |
|