| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,925 | 5,962 | 5,963 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1,086,272.66 BCAP LLC TRUST SER 2009-RR3 CL 1A3;CUSIP#05531X-AC-8 | 0 | 0 |
| 1,180,051.68 CITIGROUP MORTGAGE LOAN TR.SER 2009-6 CL 16A2;CUSIP#17315J-BK-7 | 517,566 | 564,465 |
| 1,305,000 AMERIQUEST MORTGAGE SECURITIES INC.2005-R1 CL M4;CUSIP#03072S-YB-5 | 1,011,636 | 953,472 |
| 1,434,138.71 RESIDENTIAL ACCREDIT LOANS 2005-QA12 NB5;CUSIP#761118-NC-8 | 775,869 | 1,157,780 |
| 1,500,000 INDYMAC INDX MORTGAGE LOAN TR.2006-R1-A3;CUSIP#45662-J-AC-6 | 0 | 0 |
| 119,135.70 RESIDENTIAL ACCREDIT LOANS, INC SER 2006-QA10;CUSIP#74922N-AA-7 | 74,710 | 87,815 |
| 146,974.35 AMERIQUEST MORTGAGE SECURITIES INC SER 2004-R2;CUSIP#03072S-PJ-8 | 114,258 | 47,787 |
| 2,134,000 ACCREDITED MORTGAGE LOAN TRUST SER 2005-4 CL M1;CUSIP#004375-EK-3 | 1,342,286 | 1,288,893 |
| 272,977.45 MASTER ADJUSTABLE RATE MORTGAGE TR.SER 2007-R5;CUSIP#57645W-AA-8 | 210,516 | 174,555 |
| 300,000 GSAMP TRUST SER 2006-SEA1;CUSIP#36244L-AB-9 | 108,150 | 170,826 |
| 285,746.08 STRUCTURED ADJ.RATE MORTGAGE LOAN SER 2006-5;CUSIP#86360N-AG-7 | 237,302 | 238,006 |
| 360,456.03 AMERIQUEST MORTGAGE SECURITIES INC SER 2004-R2;CUSIP#03072S-PJ-8 | 391,183 | 305,450 |
| 437,178 CITIGROUP MORTGAGE LOAN TR.SER 2009-8 CL 2A2;CUSIP#17315N-AE-3 | 287,051 | 325,378 |
| 421,813.23 STRUCTURED ADJ.RATE MORTGAGE LOAN SER2005-21;CUSIP#863579-B2-3 | 295,607 | 326,277 |
| 523,228.26 JP MORGAN ALTERNATIVE LOAN TR.SER 2006-A3 2A1;CUSIP#46628U-AF-5 | 0 | 0 |
| 535,887.80 OPTION ONE MORTGAGE LOAN TRUST SER 2005-1 CL M1;CUSIP#68389F-GK-4 | 0 | 0 |
| 563,731.66 BANC OF AMERICA FUNDING CORP.SER 2009-R5 CL 5A3;CUSIP#05952B-AP-7 | 346,977 | 283,563 |
| 59,462.26 WACHOVIA MORTGAGE LOAN TRUST 2006 AMN1 CL A1;CUSIP#92978E-AA-2 | 21,501 | 33,772 |
| 63,796.31 WACHOVIA MORTGAGE LOAN TRUST 2006 ALT1- A1-C1;CUSIP#92978G-AA-7 | 25,871 | 44,968 |
| 700,000 RESIDENTIAL ASSET MORTGAGE PRODUCTS SER 2005-EFC5;CUSIP#76112B-H6-0 | 468,440 | 483,875 |
| 750,000 RESIDENTIAL ASSET MORTGAGE PRODUCTS SER 2005-RS7;CUSIP#76112B-WW-6 | 0 | 0 |
| 750,000 RESIDENTIAL ASSET SECURITY CORP.SER 2005-KS9;CUSIP#754058-AG-0 | 0 | 0 |
| 728,357.27 GSAA TRUST SER 2006-19 CL A1;CUSIP#362244-AA-3 | 250,688 | 353,545 |
| 800,000 PARK PLACE SECURITIES INC SER 2004-WWF1 CL-M4;CUSIP#70069F-DM-6 | 0 | 0 |
| 954,000 COUNTRYWIDE ALT LOAN TRUST SER 2005-J4 CL M2;CUSIP#12667G-NH-2 | 660,168 | 807,904 |
| 700,000 ASSET BACKED SECURITIES CORP SER 2005-HE8 M2;CUSIP#04541G-UP-5 | 590,310 | 575,463 |
| 1,294,000 BEAR STEARNS ALT-A TRUST 2005-1 CL M2;CUSIP#07386H-QJ-3 | 825,960 | 862,645 |
| 568,004.384 BEAR STEARNS ALT-A TRUST 2006-1 CL 21A2;CUSIP#07386H-B8-3 | 359,490 | 333,413 |
| 402,570.058 BOA FUNDING CORP SERIES 2005-F CL 2A1;CUSIP#05946XYV9 | 314,085 | 319,794 |
| 131,727.140 CITIGROUP MORT LOAN TRUST INC SER 09-6 CL 16A2;CUSIP#17315JBK7 | 58,368 | 71,748 |
| 384,553.570 CITIGROUP MORTGAGE LOAN TRUST SER 07-6 CL 1A1A;CUSIP#17312VAA6 | 267,611 | 252,836 |
| 3,000,000 CITIGROUP MORT LOAN TRUST SER 2007-WFH1 CL M1;CUSIP#17311C-AD-3 | 2,180,700 | 2,052,060 |
| 1,500,000 COUNTRYWIDE ASSET-BACKED CERTIFIC.2006-13 CL 3AV3;CUSIP#23242E-AK- | 808,200 | 785,340 |
| 482,129.640 CREDIT SUISSE MORTG.CAP. CERTIF.SER2006-6 CL2A1;CUSIP#22942JAM5 | 286,289 | 283,217 |
| 2,430,746.155 CWALT ALTERNATIVE LN SERIES 2005-J12 CL 2A1;CUSIP#12668A-SY2 | 1,641,726 | 1,627,530 |
| 513,543.399 GSAA HOME EQUITY TRUST 06-19 CL A3A;CUSIP#362244-AC-9 | 305,661 | 268,501 |
| 1,142,869.325 GSAMP TRUST SER 2005-AHL2;CUSIP#362341B99 | 774,751 | 794,968 |
| 1,332,359.330 INDYMAC MORT.LOAN TR.SERIES 2006-AR19 CL1A1;CUSIP#45660GAA8 | 869,897 | 847,074 |
| 610,000 MORGAN STANLEY CAPITAL INC. SER05-HE3;CUSIP#61744CSJ6 | 520,879 | 507,862 |
| 1,792,967.252 MORGAN STANLEY MORT LN TR SER07-5AX CL2A1;CUSIP#61751GAB3 | 979,139 | 921,460 |
| 185,815.47 RESIDENTIAL ACCREDIT LOAN INC 2206-QA10 A1;CUSIP#74922NAA7 | 149,736 | 136,965 |
| 1,383,209.73 RBSSP RESECURITIZATION TR.SER09-7 CL5A3;CUSIP#75524MAW0 | 693,265 | 207,481 |
| 603,273.828 RESID.ACCR.LN INC.206-QA2 CL 1A1;CUSIP#76118TN8 | 431,280 | 440,836 |
| 650,000 SECURITIZED ASSET BACKED RECEIVABLES 2005-FR2 CL M3;CUSIP#81375W-EG- | 415,480 | 408,285 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1,250,000 JPMORGAN CHASE & CO @7.9% PFD STK;CUSIP # 46625H-HA-1 | 0 | 0 |
| 200,000 OCEAN SHORE HOLDING CO.;CUSIP#67501R-10-3 | 2,894,000 | 2,732,000 |
| 30,000 COLONIAL FINANCIAL SERVICES INC;CUSIP#19566B-10-1 | 383,100 | 399,000 |
| 50,000 ORITANI FINANCIAL CORPORATION;CUSIP#68633D-10-3 | 743,000 | 802,500 |
| 293,791 INTREXON CORPORATION;CUSIP#XON | 6,610,298 | 6,992,226 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INV. IN THIRD POINT ULTRA LTD | AT COST | 5,574,580 | 5,574,580 |
| INV. IN ELLINGTON HOUSING INC. | AT COST | 2,000,000 | 2,000,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLES | 61,578 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NYS FILING FEE | 750 | 0 | 750 | |
| BANK CHARGES | 65 | 65 | 0 |
| Description | Amount |
|---|---|
| UNREALIZED APRECIATION ON SECURITIES DONATED | 2,253,395 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEES | 1,680 | 840 | 840 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 20,434 | 0 | 0 |