October 8, 1998
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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