New Israel Fund and Truth to Power Foundation
COMBINED FINANCIAL STATEMENTS NEW ISRAEL FUND AND TRUTH TO POWER FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2018 WITH SUMMARIZED FINANCIAL INFORMATION FOR 2017 NEW ISRAEL FUND AND TRUTH TO POWER FOUNDATION CONTENTS PAGE NO. INDEPENDENT AUDITOR'S REPORT 2 - 3 EXHIBIT A - Combined Statement of Financial Position, as of December 31, 2018, with Summarized Financial Information for 2017 4 - 5 EXHIBIT B - Combined Statement of Activities and Change in Net Assets, for the Year Ended December 31, 2018, with Summarized Financial Information for 2017 6 EXHIBIT C - Combined Statement of Functional Expenses, for the Year Ended December 31, 2018, with Summarized Financial Information for 2017 7 EXHIBIT D - Combined Statement of Cash Flows, for the Year Ended December 31, 2018, with Summarized Financial Information for 2017 8 NOTES TO COMBINED FINANCIAL STATEMENTS 9 - 21 SUPPLEMENTAL INFORMATION SCHEDULE 1 - Combining Schedule of Financial Position, as of December 31, 2018 22 - 23 SCHEDULE 2 - Combining Schedule of Activities, for the Year Ended December 31, 2018 24 SCHEDULE 3 - Combining Schedule of Change in Net Assets, for the Year Ended December 31, 2018 25 SCHEDULE 4 - Schedule of Grants, for the Year Ended December 31, 2018 26 - 33 1 INDEPENDENT AUDITOR'S REPORT To the Board of Directors New Israel Fund and Truth to Power Foundation San Francisco, California We have audited the accompanying combined financial statements of New Israel Fund (NIF) and Truth to Power Foundation (the Foundation), collectively the Organizations, which comprise the combined statement of financial position as of December 31, 2018, and the related combined statements of activities and change in net assets, functional expenses and cash flows for the year then ended, and the related notes to the combined financial statements.
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