| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX AND AUDIT FEES | 22,112 | 0 | 0 | |
| IN-HOUSE ACCOUNTING | 22,255 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| TIFF MULTI ASSET FUND | AT COST | 6,355,472 | 6,177,345 |
| VANGUARD MUTUAL EQUITY FUND | AT COST | 67,490,634 | 77,522,574 |
| PIMCO TOTAL RETURN INST FUND | AT COST | 4,805,416 | 4,626,658 |
| MONDRIAN FIXED INCOME FUND | AT COST | 5,233,050 | 4,839,193 |
| ABSOLUTE RETURN CAYMAN | AT COST | 4,976,140 | 4,479,153 |
| MASON CAP | AT COST | 5,000,000 | 5,789,098 |
| CONVEXITY | AT COST | 5,000,000 | 4,893,896 |
| FPA CRESCENT PORTFOLIO | AT COST | 5,501,855 | 6,431,672 |
| DAVIDSON KEMPNER INSTITUTIONAL | AT COST | 5,000,000 | 5,723,868 |
| HIGHFIELDS CAPITAL | AT COST | 6,750,000 | 8,675,256 |
| RUTABAGA SMALL CAP | AT COST | 5,000,000 | 6,045,719 |
| PARAMETRICS | AT COST | 7,868,473 | 7,902,832 |
| SSGA REAL | AT COST | 4,000,000 | 3,819,843 |
| RS GLOBAL | AT COST | 2,068,997 | 1,954,221 |
| NYES LEDGE | AT COST | 2,000,000 | 2,000,000 |
| ADAMAS | AT COST | 4,000,000 | 4,000,000 |
| AETHER REAL | AT COST | 20,016 | 20,016 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 22,110 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 4,201 | 15,656 | 15,656 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE SUPPLIES | 6,811 | 0 | 4,654 | |
| COMPUTER SERVER WEB | 13,798 | 0 | 9,429 | |
| PAYROLL SERVICE FEES | 7,740 | 0 | 5,289 | |
| TELEPHONE | 10,186 | 0 | 6,960 | |
| MISCELLANEOUS | 1,802 | 0 | 1,606 | |
| POSTAGE & SHIPPING | 1,936 | 0 | 1,323 | |
| DUES & SUBSCRIPTIONS | 5,972 | 0 | 4,081 | |
| D&O INSURANCE | 4,143 | 0 | 2,831 | |
| CORPORATE FILING FEES | 275 | 0 | 188 | |
| GRAPHIC DESIGN | 10,029 | 0 | 6,766 | |
| MOVING EXPENSE | 3,000 | 0 | 2,700 | |
| DIRECT CHARITABLE ACTIVITIES, PART IX-A | 52,518 | 0 | 52,518 | |
| REIMBURSEMENTS OF PRIOR YEAR GRANTS | -952 | 0 | -952 | |
| OTHER CHARITABLE DISTRIBUTIONS | 1,047 | 0 | 1,047 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEE | 230,972 | 230,972 | 0 | |
| CONSULTING FEES | 29,310 | 0 | 20,029 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 47,389 | 0 | 0 |