THE WESTFIELD FOUNDATION

STATEMENT OF FINANCIAL POSITION (Audited)

December 31, 2004 and 2003


   Assets

Assets                                                                  2004                      2003
  Cash and cash equivalents                       $     232,531        $      234,281
  Investment income receivable                             4,348                    4,312
  Investments                                                 8,807,036             8,079,590
  Office Equipment - net of depreciation                                             1,905
 

    Total assets                                       $    9,043,915          $ 8,320,088

                                                         Liabilities and Net Assets

Liabilities
  Grants payable                                          $    37,971            $      12,625
  Managed funds                                           2,266,793               2,086,699

    Total liabilities                                           2,304,764               2,099,324

Net Assets, as restated
  Unrestricted                                               3,621,631                3,361,828
  Temporarily restricted                                1,356,509                1,108,265
  Permanently restricted                                1,761,011                1,750,671

    Total net assets                                        6,739,151                6,220,764

    Total net assets and liabilities           $ 9,043,915             $ 8,320,088



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