| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VANGUARD EUROPEAN STOCK | AT COST | 668,326 | 614,294 |
| VANGUARD 500 INDEX FUND | AT COST | 555,723 | 749,659 |
| VANGUARD TOTAL STOCK MKT INDEX FUND | AT COST | 661,681 | 913,048 |
| RAI SPV2 NOTE | AT COST | 1,000,000 | 1,000,000 |
| EVOLVE NOTE | AT COST | 1,250,000 | 1,250,000 |
| VANGUARD HIGH YIELD | AT COST | 249,676 | 389,104 |
| VANGUARD MID-CAP INDEX FUND | AT COST | 298,879 | 504,629 |
| VANGUARD INTL STOCK | AT COST | 399,769 | 486,816 |
| VANGUARD DIVIDEND APPRECIATION | AT COST | 559,092 | 758,708 |
| VANGUARD HIGH YIELD ETF | AT COST | 1,090,398 | 1,613,982 |
| ISHARES DJ SELECT ETF | AT COST | 100,777 | 143,519 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 11,524 | 0 | 0 | 11,524 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS INCOME | 89 | 89 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 1,545 | 1,545 | 0 | 0 |
| FED EXCISE TAX | 9,261 | 9,261 | 0 | 0 |