treasurer s report wk kellogg foundation 46 notes to combined financial statements as of and for the years ended august 31 2006 2005 1 summary significant accounting policies w k trust were established in 1930 1934 respectively private nonoperating foundations awards grants areas health food systems rural development youth education philanthropy volunteerism are concentrated united states america latin caribbean southern africa include which is sole beneficiary basis have been prepared on accrual net asset classifications temporarily restricted assets all until released consist contributions receivable from irrevocable trusts such received increased 974 857 715 576 represents change market value
