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14 <br /> THE BOTANICAL GARDEN FOUNDATION, INC. <br /> NOTES TO FINANCIAL STATEMENTS <br /> Page 8of13 <br /> UNRESTRICTED NET ASSETS <br /> The Foundation's unrestricted net assets at June 30, 2011 and 2010, consist of the following: <br /> 2011 2010 <br /> Unrestricted net assets: <br /> Designated by Board: <br /> Capital fund $ 134,518 $ 32,900 <br /> Conservation fund 264,020 147,667 <br /> 398,538 180,567 <br /> Undesignated (226,774) (524,405) <br /> Total unrestricted net assets $ 171,764 $ (343,838) <br /> TEMPORARILY RESTRICTED NET ASSETS <br /> Temporarily restricted net assets are restricted for the following purposes at June 30, 2011 and <br /> 2010: <br /> 2011 2010 <br /> Conservation $ 58,633 $ 155,898 <br /> Education 35,555 33,135 <br /> Garden operations and programs 357,195 344,361 <br /> Jenny Fitch lecture series 29,229 21,750 <br /> Master Plan Herbarium 1,485,959 1,362,580 <br /> Master Plan Visitor Education Center 8,509 100,477 <br /> Mercer Reeves Herb Garden 365,746 305,320 <br /> Natural areas 469,083 73,482 <br /> Research 24,565 84,970 <br /> Total temporarily restricted net assets $ 2,834,474 $ 2,481,973 <br />