| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLEGHANY CORP DEL NOTE - 4.95 | 21,667 | 19,760 |
| ALLEGHANY CORP NOTE - 05.625% | 12,970 | 13,131 |
| BANK OF AMERICA SR NTS - 6.000 | 34,963 | 34,254 |
| BURLINGTON NORTH S FNOTE 05.75 | 28,970 | 28,502 |
| CARNIVAL CORP NOTE - 01.875% - | 33,939 | 34,774 |
| CATERPILLAR FINL SVCS - 2.6500 | 36,942 | 36,290 |
| CELGENE CORP - 2.450% - 10/15/ | 36,303 | 35,955 |
| CITIGROUP INC SR NT FLT - 0.00 | 26,084 | 26,037 |
| EASTMAN CHEM CO - 2.400% - 06/ | 36,185 | 35,375 |
| FMC TECHNOLOGIES - 2.000% - 10 | 40,504 | 39,662 |
| GOLDMAN SACHS GROUP INC - 1.46 | 30,002 | 30,354 |
| JPMORGAN CHASE & CO BOND - 01. | 30,146 | 30,300 |
| MEDCO HEALTH SOLUTIONS INC - 4 | 33,081 | 31,063 |
| MORGAN STANLEY-3.80%-04/29/201 | 24,563 | 26,446 |
| PROVIDENCE HEALTH & SVCS OBLIG | 30,000 | 29,819 |
| PUERTO RICO SALES TAX FING COR | 36,078 | 32,856 |
| ROPER INDS INC NEW SR NT - 2.0 | 29,359 | 29,155 |
| SUTTER HEALTH NOTE - 1.09% - 0 | 30,000 | 29,664 |
| VERIZON COMMUNICATIONS 3.650% | 31,924 | 31,757 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC. | 13,311 | 22,127 |
| ABERCROMBIE & FITCH | 35,439 | 26,328 |
| ACCENTURE PLC | 59,297 | 88,058 |
| ALTRIA GROUP INC | 29,365 | 42,306 |
| AMPHENOL CORPORATION | 44,591 | 71,701 |
| ANSYS INC. | 29,317 | 41,682 |
| APPLE INC. | 166,273 | 200,845 |
| AUTOMATIC DATA PROCESSING INC. | 21,927 | 35,148 |
| BROWN ADV SOMERSET EMERGING MK | 280,000 | 283,031 |
| BEST BUY INC. | 40,570 | 75,174 |
| BROWN ADVISORY MORTGAGE SECURI | 712,494 | 712,495 |
| BROWN ADVISORY SMALL-CAP FUNDA | 638,782 | 943,853 |
| BROWN ADVISORY STRATEGIC EUROP | 280,000 | 285,880 |
| BROWN ADVISORY TATICAL BOND AD | 449,999 | 437,400 |
| BROWN ADVS INTERM BD FD INSTIT | 399,152 | 372,469 |
| BROWNIA SMALL-CAP GROWTH FUND | 614,648 | 865,828 |
| CANADIAN NATURAL RESOURCES LTD | 49,340 | 55,058 |
| CHARLES SCHWAB CORP | 92,892 | 157,742 |
| CHECK POINT SOFTWARE TECHNOLOG | 21,122 | 30,315 |
| CINCINNATI FINANCIAL CORP | 11,209 | 20,005 |
| CISCO SYSTEMS INC | 62,947 | 63,589 |
| CITY NATL CP | 40,924 | 46,740 |
| COCA-COLA CO | 14,317 | 17,268 |
| COGNIZANT TECHNOLOGY SOLUTIONS | 29,654 | 46,148 |
| CORE LABRATORIES | 39,647 | 74,661 |
| COSTCO WHOLESALE CORP | 37,558 | 62,009 |
| COVANCE INC | 29,692 | 54,685 |
| DANAHER CORP | 54,378 | 84,148 |
| DAVITA INC | 48,923 | 63,053 |
| DOMINION RESOURCES INC | 10,837 | 14,491 |
| DU PONT DE NEMOURS | 20,535 | 26,313 |
| EATON CORP PLC | 15,746 | 19,030 |
| ECOLAB INC | 49,126 | 70,799 |
| ENSCO PLC | 48,687 | 46,316 |
| ERIE INDEMNITY CO | 17,552 | 19,450 |
| ESTEE LAUDER COMPANIES INC | 67,375 | 80,743 |
| EXPRESS SCRIPTS HOLDING CO. | 75,884 | 101,988 |
| FIRSTMERIT CORPORATION | 48,747 | 53,908 |
| FLUOR CORP | 105,544 | 145,405 |
| FMC TECHS INC | 52,250 | 64,009 |
| FOSSIL INC | 34,556 | 51,454 |
| FREEPORT-MCMORAN COPPER & GOLD | 40,362 | 49,439 |
| GAMESTOP CORP | 4,915 | 11,034 |
| GARMIN LTD | 49,665 | 59,724 |
| GENPACT LIMITED | 40,027 | 44,161 |
| GILEAD SCIENCES INC | 55,729 | 58,428 |
| GOOGLE INC | 62,432 | 115,433 |
| GUESS INC | 36,396 | 38,838 |
| HARTFORD FINANCIAL SVCS GROWTH | 36,880 | 53,439 |
| HEALTHCARE SVCS GROUP INC | 11,665 | 20,767 |
| HOLOGIC, INC | 39,979 | 43,918 |
| INTUITIVE SURGICAL, INC. | 94,480 | 81,041 |
| JOHNSON & JOHNSON | 17,644 | 25,279 |
| JP MORGAN CHASE & CO | 20,879 | 25,205 |
| KENNAMETAL INC | 45,700 | 59,204 |
| KINDER MORGAN INC | 37,301 | 43,776 |
| KRAFT FOODS GROUP, INC. | 12,602 | 14,771 |
| M&T BANK CORP | 60,597 | 78,933 |
| MCDONALD'S CORP | 18,567 | 20,861 |
| MEAD JOHNSON NUTRITI | 71,138 | 82,252 |
| MERCK & CO INC. | 47,233 | 59,159 |
| METLIFE INC. | 22,319 | 26,906 |
| MICROCHIP TECHNOLOGY INC. | 27,355 | 35,576 |
| MICROSOFT CORPORATION | 59,267 | 77,065 |
| MONDELEZ INTERNATIONAL INC | 9,155 | 12,390 |
| NATIONAL INSTRUMENTS CORP | 34,429 | 41,434 |
| NATL OILWELL VARCO | 42,282 | 49,468 |
| NETAPP, INC. | 85,036 | 99,353 |
| NORTHERN TRUST CORPORATION | 33,650 | 40,229 |
| NOVARTIS AG ADR | 57,484 | 76,843 |
| OAKMARK INTERNATIONAL SMALL | 201,109 | 264,507 |
| OCCIDENTAL PETROLEUM CORP | 57,444 | 66,190 |
| ONEBEACON INSURANCE GROUP | 12,999 | 14,997 |
| ORACLE CORP | 46,355 | 56,625 |
| PACCAR INC | 47,848 | 64,969 |
| PFIZER INC. | 14,184 | 22,084 |
| PHILIP MORRIS INTL | 24,195 | 25,965 |
| PLAINS GP HOLDINGS LP | 13,376 | 16,276 |
| PLUM CREEK TIMBER REIT | 26,247 | 30,278 |
| POTASH CORPORATION OF SASKATCH | 53,660 | 56,691 |
| PRAXAIR INC. | 10,364 | 13,393 |
| PUBLIC STORAGE 5.900% | 25,719 | 22,507 |
| PUBLIC STORAGE SBI O 6.875% | 13,223 | 12,618 |
| QUALCOMM INC | 135,134 | 187,184 |
| REDWOOD TR INC. | 14,958 | 16,406 |
| REGIONS FINANCIAL CORP | 45,901 | 57,402 |
| ROGERS COMM | 17,516 | 19,774 |
| ROPER INDUSTRIES | 37,672 | 68,508 |
| SALESFORCE.COM | 39,454 | 62,861 |
| SCHLUMBERGER LTD | 132,123 | 164,361 |
| STARBUCKS CORP | 52,150 | 86,229 |
| STERICYCLE INC | 51,342 | 70,283 |
| SUNTRUST BKS INC | 51,185 | 63,976 |
| T. ROWE PRICE ASSOCIATES | 14,040 | 22,450 |
| TEREX CORP | 23,875 | 35,272 |
| TIME WARNER CABLE INC | 4,365 | 6,098 |
| TOTAL FINA ELF S.A. | 25,518 | 31,554 |
| UNILEVER N V N Y | 23,590 | 27,517 |
| UNITED TECHNOLOGIES CORP | 17,893 | 26,629 |
| US BANCORP DEL | 21,679 | 28,280 |
| V F CORP | 18,302 | 32,666 |
| VISA INC | 88,023 | 110,672 |
| W. P. CAREY INC | 16,493 | 15,828 |
| WAL-MART STORES INC. | 16,697 | 21,876 |
| WASATCH EMERGING MARKETS SMALL | 163,044 | 169,399 |
| WHOLE FOODS MARKET, INC. | 61,363 | 72,866 |
| WINDSTREAM CORP | 13,093 | 9,664 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 47,040 | 47,040 | ||
| Bank Charges | 19 | 19 | ||
| Foundation Dues & Memberships | 3,250 | 3,250 | ||
| Office Supplies | 200 | 200 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 64,503 | 64,503 | ||
| PHILANTHROPIC CONSULTING - DCA | 77,344 | 77,344 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2013 | 8,400 | |||
| 990-PF EXTENSION FOR 2012 | 360 | |||
| FOREIGN TAX PAID | 1,431 | 1,431 |