59 2019 + 2020 Annual Report The Michael J . Fox Foundation for Parkinson ’ s Research Consolidated Statements of Activities As of December 31 Public Support and Revenue Contributions Special events ( net of direct benefits to donors of $ 206,331 and $ 1,139,197 in 2020 and 2019 , respectively ) Investment income , net Increase in value of split-interest agreements Rental income Returned grant Net ( losses ) gains on foreign translation Miscellaneous income ( net cost of goods sold of $ 16,134 and $ 14,014 in 2020 and 2019 , respectively Total public support and revenue before release of restrictions Net assets released from restrictions Total public support and revenue Expenses Program Services Supporting services : Management and general Fundraising Total supporting services Total expenses Change in net assets Net assets , beginning of year Net assets , end of year $ 176,572,673 5,065,698 1,670,879 – 2,168,822 1,080,000 ( 65,273 ) 3,802 $ 186,496,601 24,740,057 $ 211,236,658 149,899,180 8,158,844 13,881,513 $ 22,040,357 $ 171,939,537 $ 39,297,121 47,282,619 $ 86,579,740 $ 18,022,600 – – 149,961 – – – – $ 18,172,561 ( 24,740,057 ) ( 6,567,496 ) ( 6,567,496 ) 26,641,981 $ 20,074,485 $ 194,595,273 5,065,698 1,670,879 149,961 2,168,822 1,080,000 ( 65,273 ) 3,802 $ 204,669,162 – $ 204,669,162 149,899,180 8,158,844 13,881,513 $ 22,040,357 $ 171,939,537 $ 32,729,625 73,924,600 $ 106,654,225 $ 116,669,409 2,512,200 1,858,085 – 2,093,810 – 25,442 34,501 $ 123,193,447 36,898,537 160,091,984 118,604,210 6,426,946 14,121,150 $ 20,548,096 $ 139,152,306 20,939,678 26,342,941 $ 47,282,619 $ 36,867,763 2,862,883 – 173,919 – – – – $ 39,904,565 ( 36,898,537 ) 3,006,028 3,006,028 23,635,953 $ 26,641,981 $ 153,537,172 5,375,083 1,858,085 173,919 2,093,810 – - 25,442 34,501 $ 163,098,012 – $ 163,098,012 118,604,210 6,426,946 14,121,1 50 $ 20,548,096 $ 139,152,306 $ 23,945,706 49,978,894 $ 73,924,600 Without Donor Restrictions With Donor Restrictions Total Without Donor Restrictions With Donor Restrictions Total 2019 2020