| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTANT FEES | 7,895 | 0 | 7,895 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CAISSE D'AMORTISSEMENT DE LA D 5.375% 07/17/2012 SR LIEN | 272,500 | 273,134 |
| COUNCIL OF EUROPE DEVELOPMENT 4.25% 04/22/2013 USD | 261,238 | 274,244 |
| EIB 4.875% 01/17/2017 JJ SR LIEN | 262,895 | 284,162 |
| FFCB 4.875000% 12/16/2015 JD | 302,992 | 309,683 |
| FHLB 4.875% 06/13/2014 JD | 136,641 | 156,536 |
| FHLB 4.875% 11/18/2011 MN | 531,420 | 522,346 |
| FHLB 4.875% 12/13/2013 JD | 188,343 | 210,715 |
| FHLB 5.0% 11/17/2017 MN | 260,603 | 284,965 |
| FHLB 5.25% 09/13/2013 MS | 121,667 | 135,287 |
| FHLB 5.625% 03/14/2036 MS | 27,049 | 28,562 |
| FHLMC 1.75% 09/10/2015 MS | 109,685 | 108,716 |
| FHLMC 4.75% 11/17/2015 MN | 330,429 | 337,808 |
| FHLMC 5.5% 08/23/2017 FA | 140,550 | 153,204 |
| FHLMC MTN 4.875% 06/13/2018 JD | 326,109 | 336,233 |
| FNMA 4.625% 10/15/2014 AO SER BENCHMAR SR LIEN | 329,109 | 336,598 |
| FNMA GLOBAL 4.375000% 03/15/2013 MS | 407,411 | 408,901 |
| GOLDMAN SACHS HIGH YIELD INSTL MUTUAL FUND CLASS I | 207,387 | 237,096 |
| GS INVESTMENT GRADE CREDIT SEPARATE A/C INST MUTUAL FUND | 819,711 | 805,385 |
| GS MORTGAGES SEPARATE A/C INST MUTUAL FUND | 1,489,363 | 1,521,184 |
| KFW 5.125% 03/14/2016 MS | 241,313 | 257,317 |
| LANDWIRTSCHAFTLICHE RENTENBANK CPN 4.3750 01/15/2013 | 265,000 | 277,057 |
| THE GOLDMAN SACHS GROUP, INC. LINKED TO MSCI EAFE 0% COUPON DUE 12/31/2012 S | 850,000 | 839,633 |
| THE GOLDMAN SACHS GROUP, INC. LINKED TO S&P 500 0% COUPON DUE 01/14/2013 STR | 850,000 | 871,146 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADOBE SYSTEMS INC CMN | 22,725 | 24,839 |
| AFLAC INCORPORATED CMN | 33,480 | 44,354 |
| ALLSTATE CORPORATION COMMON STOCK | 17,398 | 18,427 |
| AMERICAN ELECTRIC POWER INC CMN | 35,273 | 38,283 |
| AMERICAN TOWER CORPORATION CMN CLASS A | 91,971 | 124,143 |
| APPLE, INC. CMN | 95,345 | 173,215 |
| ARCHER DANIELS MIDLAND CO CMN | 25,529 | 28,817 |
| AVON PRODUCTS INC. CMN | 62,868 | 63,322 |
| BANK OF AMERICA CORP CMN | 71,956 | 82,628 |
| BAXTER INTERNATIONAL INC CMN | 67,019 | 65,199 |
| BAXTER INTERNATIONAL INC CMN | 79,130 | 77,246 |
| BIOGEN IDEC INC. CMN | 39,335 | 55,115 |
| BMC SOFTWARE INC. CMN | 16,855 | 21,260 |
| BOEING COMPANY CMN | 37,526 | 44,377 |
| BROADCOM CORP CL-A CMN CLASS A | 32,949 | 49,647 |
| CB RICHARD ELLIS GROUP, INC. CMN CLASS A | 38,802 | 72,335 |
| CBS CORPORATION CMN CLASS B | 35,272 | 41,339 |
| CHARLES SCHWAB CORPORATION CMN | 45,940 | 42,467 |
| CISCO SYSTEMS, INC. CMN | 110,868 | 91,116 |
| CME GROUP INC. CMN CLASS A | 93,642 | 113,900 |
| COMCAST CORPORATION CMN CLASS A VOTING | 50,670 | 62,065 |
| COSTCO WHOLESALE CORPORATION CMN | 72,172 | 100,083 |
| CROWN CASTLE INTL CORP COMMON STOCK | 50,162 | 66,578 |
| CVS CAREMARK CORPORATION CMN | 37,947 | 38,977 |
| DISH NETWORK CORPORATION CMN CLASS A | 36,448 | 44,412 |
| DOW CHEMICAL CO CMN | 44,376 | 57,014 |
| EMC CORPORATION MASS CMN | 46,129 | 52,624 |
| EMERSON ELECTRIC CO. CMN | 15,678 | 20,867 |
| ENTERGY CORPORATION CMN | 51,684 | 40,161 |
| EQUINIX INC CMN | 40,804 | 46,968 |
| EVEREST RE GROUP LTD CMN | 34,537 | 37,745 |
| FORD MOTOR COMPANY CMN | 17,605 | 38,617 |
| FRANKLIN RESOURCES INC CMN | 23,255 | 34,030 |
| FREEPORT-MCMORAN COPPER & GOLD CMN | 24,713 | 31,343 |
| GENERAL ELECTRIC CO CMN | 100,226 | 110,764 |
| GENERAL MILLS INC CMN | 57,059 | 59,720 |
| GENERAL MOTORS COMPANY CMN | 25,231 | 26,171 |
| GILEAD SCIENCES CMN | 40,002 | 32,109 |
| GOLDMAN SACHS SMALL CAP VALUE CLASS I | 384,631 | 451,057 |
| GOLDMAN SACHS SMALL/MID CAP GROWTH FUND - INSTL SHARES | 365,666 | 456,886 |
| GOOGLE, INC. CMN CLASS A | 24,084 | 26,135 |
| HALLIBURTON COMPANY CMN | 54,095 | 76,475 |
| HARTFORD FINANCIAL SRVCS GROUP CMN | 29,851 | 30,596 |
| HONEYWELL INTL INC CMN | 45,651 | 64,696 |
| ILLINOIS TOOL WORKS CMN | 17,280 | 21,894 |
| INVESCO LTD. CMN | 31,121 | 34,911 |
| JOHNSON & JOHNSON CMN | 61,805 | 66,303 |
| JOHNSON CONTROLS INC CMN | 21,175 | 31,324 |
| JPMORGAN CHASE & CO CMN | 122,370 | 123,018 |
| KOHL'S CORP (WISCONSIN) CMN | 19,721 | 20,214 |
| LAZARD EMERGING MARKETS EQUITY PORTFOLIO INSTL SHARES | 339,092 | 355,809 |
| LOWES COMPANIES INC CMN | 83,189 | 103,530 |
| LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A | 21,184 | 25,834 |
| MARSH & MCLENNAN CO INC CMN | 15,854 | 18,619 |
| MASTERCARD INCORPORATED CMN CLASS A | 67,859 | 69,922 |
| MERCK & CO., INC. CMN | 72,996 | 72,008 |
| MICROSOFT CORPORATION CMN | 74,369 | 77,422 |
| NEWELL RUBBERMAID INC CMN | 22,976 | 26,925 |
| NEWFIELD EXPLORATION CO. CMN | 46,265 | 71,822 |
| NEXTERA ENERGY INC CMN | 18,779 | 17,625 |
| NIKE CLASS-B CMN CLASS B | 53,142 | 68,849 |
| NORTHERN TRUST CORP CMN | 48,624 | 52,085 |
| OCCIDENTAL PETROLEUM CORP CMN | 78,888 | 111,638 |
| OCCIDENTAL PETROLEUM CORP CMN | 34,451 | 43,066 |
| ORACLE CORPORATION CMN | 13,608 | 17,497 |
| ORACLE CORPORATION CMN | 62,535 | 95,590 |
| P G & E CORPORATION CMN | 51,865 | 53,676 |
| PEPSICO INC CMN | 45,042 | 47,299 |
| PEPSICO INC CMN | 92,420 | 97,015 |
| PNC FINANCIAL SERVICES GROUP CMN | 42,110 | 46,997 |
| POLO RALPH LAUREN CORPORATION CLASS A COMMON STOCK | 15,129 | 17,636 |
| PRAXAIR, INC CMN SERIES | 37,461 | 42,580 |
| PROCTER & GAMBLE COMPANY (THE) CMN | 23,184 | 24,638 |
| PROCTER & GAMBLE COMPANY (THE) CMN | 52,478 | 63,687 |
| PRUDENTIAL FINANCIAL INC CMN | 47,597 | 58,240 |
| QUALCOMM INC CMN | 117,821 | 140,651 |
| RANGE RESOURCES CORPORATION CMN | 20,870 | 20,511 |
| SCHLUMBERGER LTD CMN | 30,941 | 37,241 |
| SCHLUMBERGER LTD CMN | 106,118 | 156,312 |
| SLM CORPORATION CMN | 42,504 | 43,070 |
| SOUTHWESTERN ENERGY CO. CMN | 63,097 | 62,620 |
| SPRINT NEXTEL CORPORATION CMN | 59,054 | 42,672 |
| ST JUDE MEDICAL INC CMN | 70,913 | 84,602 |
| STAPLES, INC. CMN | 93,469 | 94,723 |
| STATE STREET CORPORATION (NEW) CMN | 27,149 | 31,326 |
| SUNTRUST BANKS INC $1.00 PAR CMN | 38,796 | 42,996 |
| TEVA PHARMACEUTICAL IND LTD ADS | 50,334 | 51,817 |
| TEVA PHARMACEUTICAL IND LTD ADS | 49,386 | 52,756 |
| TEXAS INSTRUMENTS INC. CMN | 17,179 | 23,205 |
| THE BANK OF NY MELLON CORP CMN | 18,583 | 20,415 |
| THE TRAVELERS COMPANIES, INC CMN | 27,691 | 36,936 |
| THERMO FISHER SCIENTIFIC INC CMN | 53,200 | 71,636 |
| U.S. BANCORP CMN | 63,274 | 70,554 |
| UNILEVER N.V. NY SHS (NEW) ADR CMN | 17,670 | 22,074 |
| WEATHERFORD INTERNATIONAL LTD CMN | 26,812 | 26,972 |
| WELLPOINT, INC. CMN | 54,358 | 51,401 |
| XILINX INCORPORATED CMN | 65,239 | 71,030 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| NON-US EQUITY MANAGERS: PORTFOLIO 1 OFFSHORE L.P. | AT COST | 2,375,000 | 1,730,787 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 10,136 | 0 | 10,136 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSE | 1,676 | 0 | 1,676 | |
| OTHER INVESTMENT EXPENSES | 2,736 | 2,736 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 83,229 | 83,229 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 203 | 203 | 0 | |
| FEDERAL ESTIMATE TAXES PAID | 5,700 | 0 | 0 |