| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIRST EAGLE FUNDS GLOBAL | 140,558 | 155,765 |
| FPA FDS CRESCENT PORTFOLIO | 207,680 | 252,490 |
| IVA FICUCIARY TRUST | 228,428 | 250,860 |
| LONGLEAF PARTNERS | 93,354 | 109,147 |
| SEQUOIA FUND INC. | 107,261 | 147,587 |
| THIRD AVE. INTL VALUE | 45,676 | 52,801 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDEND RECEIVABLE | 7,574 | 0 | 0 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON ASSETS CONTRIBUTED TO FOUNDATION | 69,196 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 25 | 0 | 0 | 25 |
| MANAGEMENT FEES | 5,317 | 5,317 | 0 | 0 |
| NON DEDUCTIBLE CONTRIBUTIONS | 1,880 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 400 | 400 | 0 | 0 |
| FEDERAL TAXES | 2,428 | 0 | 0 | 0 |