TREASURERS’ REPORT
The financial goals of Mount Auburn Cemetery( MAC) are to meet its perpetual care obligations and support its horticultural excellence and core business operations. The MAC fiscal year ended on March 31, 2025, with the endowment’ s market value at $ 263.5 million, up 5.8 percent over the previous year. Total net assets for FY25 will not be available until audit completion. On March 31, 2024, total net assets stood at $ 307.9 million compared to $ 287.9 million at the end of FY23. Total Support and Revenue during FY25 was $ 13.0 million, with the major components being Appropriated Endowment Spending for Current Operations($ 7.3 million, up 1.7 % PY), Earned Revenue including fees for cremation and interment services, and private and public events($ 3.4 million, down 14 % PY), and Net Interment Rights Sales($ 1.2 million, up 13 % PY). While Earned Revenue lagged behind budget by approximately $ 110k, Friends of Mount Auburn Cemetery( FOMAC) was successful in its fundraising efforts, raising $ 2.56 million in total support revenue, which exceeded the prior year by $ 544k, or 69 %. Created solely for charitable, scientific, and educational purposes to assist in the conservation of the natural beauty and historic integrity of Mount Auburn, FOMAC provided significant support in FY25 to projects including SOLSTICE, the Scots’ Charitable Society lot restoration, new Pedestrian Entrances, Digital Business Transformation, and an assessment of the Cemetery’ s waterbodies. FOMAC support reached an all-time high in FY25 with over 2,000 members and a 53.2 % increase in Annual Fund donors over the last two fiscal years.