Statement of Accountability for Investments - Illinois Mathematics and Science Academy

Statement of Accountability for Investments

The IMSA Fund for Advancement of Education is a non-profit 501(c) 3 corporation organized under the laws of the State of Illinois.  The IMSA Fund is governed by a self-sustaining Board of Directors.  The IMSA Fund is comprised of three funds:  an unrestricted fund for which the Board approves the annual budget; a restricted fund whose funds are spent according to restrictions placed by the donors; and an endowment fund(s) which is governed by the purpose and terms of the endowment(s) and decisions of the IMSA Fund Board of Directors.  The IMSA Fund maintains bank deposits which are insured by the Federal Deposit Insurance Corporation; balances in excess of the insured amounts are collateralized and swept into a money market deposit fund.  Investment of the other assets of the IMSA Fund is governed by the written investment policy of the IMSA Fund for Advancement of Education and managed by investment advisors selected by the Board of Directors.

The information included in this document, which is updated monthly, is prepared solely to comply with Public Act 93-0499 and is not intended to be used for any other purpose.  The information presented has not been subjected to an audit and is not intended to be a presentation in conformity with generally accepted accounting principles.  Monthly investment yield includes realized and unrealized gain/loss, interest and dividends.

Amount of Funds on the Last day of Preceding Month by Asset Class

Asset Class Balance as of 9/30/18
Monthly Investment Gain/Loss Annualized Yield
Non-interest bearing checking    $        89,199
Investments
US Equity    $   2,237,212
Non-US Equity    $   2,318,028
Fixed Income    $   1,835,429
Absolute Return    $      870,227
Cash    $      551,265
  Subtotal Investments    $   7,812,161
$ (5,717)
(.0007%)
     TOTAL    $   7,901,360
$ (5,717)
(.0007%)

Depository Institutions, commercial paper issuers, and broker-dealers approved to do business with the IMSA Fund:
Old Second National Bank of Aurora
The Northern Trust Company
Mercer Investment Consulting LLC
Charles Schwab & Co., Inc.