| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING EXPENSE | 17,833 | 0 | 17,833 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SSGA PASSIVE BOND MKT CTF | 3,855,142 | 3,855,142 |
| COLCHESTER GLOBAL BOND FUND | 3,851,411 | 3,851,411 |
| ING GLOBAL REAL ESTATE | 4,120,164 | 4,120,164 |
| VANGUARD | 5,765,579 | 5,765,579 |
| TAP FUND LTD | 3,429,174 | 3,429,174 |
| VAN ECK HARD ASSETS CLASS I MUTUAL FUND | 4,011,035 | 4,011,035 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| RUSSELL 3000 INDEX NON-LENDING STRATEGY | 19,691,834 | 19,691,834 |
| SSGA MSCI ACWI EX USA INDEX NON-LENDING QP STRATEGY | 13,547,474 | 13,547,474 |
| TAMRO SMALL CAP TAMRO CAPITAL PARTNERS FUND | 3,091,256 | 3,091,256 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WEATHERLOW OFFSHORE FUND | FMV | 2,667,587 | 2,667,587 |
| TIFF ABSOLUTE RETURN POOL II | FMV | 2,737,088 | 2,737,088 |
| TIFF PRIVATE EQUITY PARTNERS | FMV | 727,862 | 727,862 |
| DRAKE CAPITAL OFFSHORE PARTNERS LP | FMV | 3,591,647 | 3,591,647 |
| FLAG GLOBAL PARTNERS LP | FMV | 349,818 | 349,818 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 731 | 0 | 731 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM AFFILIATE | 326,248 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 30,330 | 0 | 30,330 | |
| SUBSCRIPTIONS AND DUES | 26,120 | 0 | 26,120 | |
| TELEPHONE | 7,280 | 0 | 7,280 | |
| PUBLIC RELATIONS | 25,028 | 0 | 25,028 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM DUES | 101,668 | 101,668 | |
| PASSTHROUGH INCOME FROM VARIOUS K-1'S | 938,855 | 938,855 | 938,855 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS ON INVESTMENTS | 5,744,108 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING EXPENSE | 1,653,354 | 0 | 1,653,354 | |
| INVESTMENT MANAGEMENT FEES | 263,481 | 263,481 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 92,298 | 0 | 0 |