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TREASURER'S REPORT
Sources of Funds
The NRF accepts both restricted and
unrestricted/designated gifts from our donors.
It is our policy to use the unrestricted annual gifts, gifts
to the National Team, and endowment distribution to support
our National Teams. Gifts that are restricted are used in the manner
designated by the donor.

Our 2016 audited results show total contributions and endowment
distribution of $2,028,202. Gifts totaled $1,825,651 of which $80,079
was designated by our donors for addition to our endowment. In 2016,
our endowment funds distribution added $202,551 of additional funds.

Uses of Funds
The NRF’s 2016 breakdown of our grants and expenses, totaling
$1,975,064 are as follo ws:

Senior National Team Grants are paid to USRowing or directly to
vendors of the National Team for the direct expenses related to National
Team development, training and competition. Grants to the Senior
National Team are made from the combination of unrestricted donations
to the NRF, designated donations specifically earmarked for the
Senior National Team and donations designated to particular National
Team Boats. Total grants to support the Senior National Team were
$1,358,000 in 2016.

Junior National Team Grants re paid to USRowing or directly to
vendors of the National Team for the direct expenses related to National
Team development, training and competition. Expenses of the Junior

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