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Our 2014 Audited Financial Statements include $46.9 million of non-grant expenses.

This accrual figure includes noncash expenses such as depreciation.

This $71.7 million includes payments on grants pledged prior to 2014 and on grants pledged during 2014.

In addition to the $71.7 million of grant payments during 2014, the Foundation paid out $42.4 million (cash basis) to support our direct charitable activities and $11.9 million (cash basis) to purchase assets used for charitable purposes.

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