Board of Governors of the Federal Reserve System

Beginning 2006, year-end stocks outstanding are estimated as a proportion of SOI, Charities and Other Tax-Exempt Organizations, Table 3. Form 990 Returns of 501(c)(3)-(9) Organizations: Balance Sheet and Income Statement Items, by Code Section, line Investments in publicly-traded securities, sum of columns 1 through 7, adjusted to market value based on revaluations of private foundations' and charitable trusts' holdings of corporate bonds (FOF series FR163063013.a). For prior years, investments in publicly-traded securities are estimated as 75 percent of all investment in securities. The proportion allocated to corporate bonds is based on private foundations' and charitable trusts' share of corporate bonds in publicly-traded securities. Data are annual. Transactions are equal to the change in the market value stocks outstanding less estimated capital gains.