Foundation Annual Reports

NATHAN CUMMINGS FOUNDATION

1926 Broadway, Suite 600

New York 10023

(212) 787-7300

World-Wide Web: http://www.ncf.org

Period covered: Year ending December 31, 1997.

Finances

(in millions) 1996 1997

Assets $356.4 $403.7

Interest & dividends 12.5 14.5

Net investment income 11.1 12.8

Net realized gain on sales of investments 24.3 36.2

Administrative & program expenses

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