| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 16,100 | 16,100 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION EXPENSE | 2,991 | 11,876 | 11,876 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BED BATH & BEYOND INC. | 20,947 | 20,947 |
| COMCAST | 43,508 | 43,508 |
| LIBERTY INTERACTIVE | 18,182 | 18,182 |
| TARGET CORP | 18,978 | 18,978 |
| DIAGEO PLC-SPONSORED ADR | 17,114 | 17,114 |
| NESTLE S A SPONS ADR | 36,475 | 36,475 |
| PEPSICO INC. | ||
| UNILEVER N V-NY SHARES | 10,736 | 10,736 |
| WAL-MART STORES INC. | 10,735 | 10,735 |
| CALIFORNIA RESOURCES CORP COM STK | 441 | 441 |
| EOG RESOURCES INC. | 23,018 | 23,018 |
| OCCIDENTAL PETROLEUM CORP. | 16,122 | 16,122 |
| SCHLUMBERGER LTD | 19,217 | 19,217 |
| SOUTHWESTERN ENERGY CO | 13,645 | 13,645 |
| BERKSHIRE HATHAWAY INC CL B | 48,799 | 48,799 |
| CHUBB CORP | 38,801 | 38,801 |
| PROGRESSIVE CORP OHIO | 26,990 | 26,990 |
| US BANCORP | 47,198 | 47,198 |
| WELLS FARGO & CO | 38,374 | 38,374 |
| BAXTER INTL INCL | 27,777 | 27,777 |
| DENTSPLY INTL INC | 6,179 | 6,179 |
| JOHNSON & JOHNSON | ||
| NOVARTIS AG-ADR | 32,431 | 32,431 |
| HENRY SCHEIN INC | 10,211 | 10,211 |
| ZOETIS INC COM STK | 25,302 | 25,302 |
| WASTE MANAGEMENT INC | 14,626 | 14,626 |
| AUTOMATIC DATA PROCESSING INC | ||
| EBAY INC | 9,428 | 9,428 |
| GOOGLE INC CL A | 16,981 | 16,981 |
| GOOGLE INC CL C | 16,845 | 16,845 |
| MICROSOFT CORP | 32,515 | 32,515 |
| ORACLE CORP | 25,858 | 25,858 |
| QUALCOMM | 24,157 | 24,157 |
| CELANESE CORP SERIES A | 12,951 | 12,951 |
| PRAXAIR INC | 16,195 | 16,195 |
| LONGLEAF PARTNERS SMALL CAP FD | 73,075 | 73,075 |
| BBH INTERNATIONAL EQUITY FUND C1 N | 68,169 | 68,169 |
| AIT GLOBAL EMERG MARKETS OPPORT | 54,172 | 54,172 |
| T ROWE PRICE NEW ASIA FUND | 58,730 | 58,730 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| T ROWE PRICE INST HIGH YIELD | FMV | ||
| BBH LIMITED DURATION FUND | FMV | 345,786 | 345,786 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| MACHINERY AND EQUIPMENT | 137,445 | 137,029 | 416 | 416 |
| BUILDINGS | 404,963 | 385,159 | 19,804 | 19,804 |
| LAND | 95,764 | 95,764 | 95,764 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| BENEFICIAL INTST IRREVOCABLE TRUST | 2,983,515 | 3,629,712 | 3,629,712 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| MISCELLANEOUS EXPENSE | 4,231 | 2,153 | 2,078 | |
| INVESTMENT FEES | 8,862 | 8,862 | ||
| INSURANCE | 25,000 | 2,500 | 22,500 | |
| POSTAGE | 5,575 | 557 | 5,018 | |
| REPAIRS AND MAINTENANCE | 21,542 | 2,154 | 19,388 | |
| PUBLIC RELATIONS | 7,487 | 749 | 6,738 | |
| FOOD FOR CAMPERS | 45,646 | 45,646 | ||
| SUPPLIES | 32,529 | 3,253 | 29,276 | |
| GRANT TO AFFILIATE | 20,000 | 20,000 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CAMP FEES | 57,372 | 57,372 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEE | 100,000 | 100,000 | ||
| LICENSES | 455 | 455 |