As of 31 December 2016, our net assets were approximately $297 million, which is net of approximately $549 million already committed to grantees. At year-end, Atlantic’s endowment consisted of cash, short-term investments and government securities.*
* For accounting purposes, certain operating entities under United States generally accepted accounting principles (GAAP) must be recorded at cost. Atlantic, for investment purposes, re-values these entities at market value through an on-going monitoring process of its endowment assets.