| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,355 | 1,177 | 1,178 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| LOOMIS SAYLES BOND FUND | 0 | 0 |
| VANGUARD CONVERTIBLE SECURITIES FUND | 236,508 | 241,162 |
| VANGUARD INTERMED TERM INVEST GRADE BOND FUND | 218,740 | 252,794 |
| ISHARES TR BARCLAYS BOND | 259,956 | 268,800 |
| VANGUARD S/T INVESTMENT | 250,000 | 263,154 |
| DODGE & COX INCOME FUND | 250,040 | 246,828 |
| JANUS SHORT TERM BD | 250,000 | 250,000 |
| VANGUARD HIGH YIELD CORP | 100,040 | 97,770 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| VANGUARD ENERGY | 0 | 0 |
| VANGUARD INTERNATIONAL EQUITY | 0 | 0 |
| VANGUARD INFO TECHNOLOGY | 0 | 0 |
| VANGUARD HEALTH CARE | 0 | 0 |
| AMERICAN INTL GROUP | 119,259 | 14,405 |
| GENERAL ELECTRIC | 23,858 | 27,435 |
| SECTOR SPDR INDL SELECT | 0 | 0 |
| VANGUARD MATERIALS | 0 | 0 |
| LAZARD EMERGING MARKET | 50,000 | 78,912 |
| MATTHEWS ASIAN GROWTH AND INC FD | 150,000 | 170,389 |
| ISHARES OIL&GAS EXPL | 196,556 | 255,400 |
| AUTO DATA PROCESSING | 22,318 | 23,140 |
| BERKSHIRE HATHAWAY B NEW | 71,151 | 80,110 |
| CENTRAL FD CDA LTD CLA F | 82,479 | 103,650 |
| CHEVRON CORPORATION | 42,123 | 45,625 |
| CISCO SYSTEMS INC | 19,247 | 20,230 |
| CONOCOPHILLIPS | 24,249 | 27,240 |
| FIRST REPUBLIC BANK | 27,215 | 29,120 |
| INTEL CORP | 21,168 | 21,030 |
| JOHNSON & JOHNSON | 24,693 | 24,740 |
| MICROSOFT CORP | 25,378 | 27,910 |
| MONSANTO CO NEW DEL | 24,092 | 27,856 |
| NORTHERN TRUST CORP | 27,314 | 27,705 |
| PFIZER INCORPORATED | 24,652 | 26,265 |
| PROCTER & GAMBLE | 24,613 | 25,732 |
| US BANCORP DEL NEW | 23,968 | 26,970 |
| UNITED PARCEL SERVICE B | 21,099 | 21,774 |
| WEYERHAUSER CO | 34,692 | 37,860 |
| 3M COMPANY | 25,253 | 25,890 |
| PRIMECAP ODYSSEY GROWTH | 50,040 | 50,294 |
| VANGUARD DIVIDEND GROWTH | 200,080 | 203,989 |
| ISHARES MSCI CDA IDX FD | 90,429 | 93,000 |
| ISHARES S&P US PFD FUND | 99,259 | 97,000 |
| JP MORGAN EXCH TRADED NT | 109,599 | 109,050 |
| VANGUARD EMERGING MARKET | 97,985 | 96,292 |
| VANGUARD INFO TECHNOLOGY | 124,343 | 123,040 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| EXCELSIOR BUYOUT INVESTORS LLC | AT COST | 57,255 | 56,661 |
| MSB REIT V, INC | AT COST | 184,451 | 102,370 |
| SPDR GOLD TRUST | AT COST | 115,208 | 138,720 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INCOME TAXED NOT YET RECEIVED | 1,017 | 2,532 | 2,532 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 60 | 60 | 0 | |
| TRAVEL | 167 | 0 | 167 | |
| INSURANCE | 1,823 | 0 | 1,823 | |
| PORTFOLIO DEDUCTIONS - EXCELSIOR BUYOUT INVESTORS, LLC | 2,037 | 2,037 | 0 | |
| LICENSES AND PERMITS | 25 | 0 | 25 | |
| SEMINARS | 100 | 0 | 100 | |
| EXCELSIOR BUYOUT INVESTORS - N/D EXP | 2 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EXCELSIOR BUYOUT INVESTORS, LLC | 71 | 71 | 71 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FOREIGN TAX PAYABLE | 0 | 902 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 910 | 910 | 0 |