| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,000 | 0 | 10,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALCOA INC | 108,303 | 108,303 |
| AVON PRODUCTS INC NTS | 99,750 | 99,750 |
| CLIFFS NAT RESOURCES INC | 58,000 | 58,000 |
| GENL ELEC CAP CORP NTS | 41,634 | 41,634 |
| GENL ELEC CO | 57,684 | 57,684 |
| GLAXOSMITHKLINE CAP INC | 28,163 | 28,163 |
| MERCK & CO INC NEW COM | 63,434 | 63,434 |
| PEPSICO INC NTS | 42,017 | 42,017 |
| SAFEWAY INC NTS B/E | 102,323 | 102,323 |
| UNTD TECHNOLOGIES CORP | 26,680 | 26,680 |
| VERIZON COMMUNICATIONS | 82,817 | 82,817 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 29,606 | 29,606 |
| ABBOTT LABS | 74,013 | 74,013 |
| ACCENTURE PLC IRELAND CL | 99,849 | 99,849 |
| ACE LTD CHF | 39,404 | 39,404 |
| ADT CORP COM | 85,720 | 85,720 |
| AES CORP | 53,166 | 53,166 |
| ALLEGHENY TECHNOLOGY | 49,096 | 49,096 |
| ALLSTATE CORP | 55,076 | 55,076 |
| ALTRIA GROUP INC | 43,949 | 43,949 |
| AMER ELECTRIC POWER CO | 61,048 | 61,048 |
| AMERIPISE FINANCIAL INC | 100,775 | 100,775 |
| AMGEN INC | 80,760 | 80,760 |
| ANALOG DEVICES INC | 24,762 | 24,762 |
| ANTHEM INC | 73,014 | 73,014 |
| APPLE INC | 87,090 | 87,090 |
| APPLIED MATERIALS INC | 61,428 | 61,428 |
| AT&T INC | 40,308 | 40,308 |
| BAKER HUGHES INC | 49,566 | 49,566 |
| BB&T CORP | 57,946 | 57,946 |
| BED BATH AND BEYOND | 27,193 | 27,193 |
| BECTON DICKINSON & CO | 25,745 | 25,745 |
| BLACKROCK INC | 36,114 | 36,114 |
| BOEING COMPANY | 23,786 | 23,786 |
| BOSTON PROPERTIES INC | 12,483 | 12,483 |
| BROADCOM CORP CL A | 13,952 | 13,952 |
| BROOKDALE SENIOR LIVING, INC | 2,420 | 2,420 |
| BRUNSWICK CORP | 47,518 | 47,518 |
| CATAMARAN CORP | 52,526 | 52,526 |
| CAMDEN PPTY TR SBI | 7,384 | 7,384 |
| CAMPBELL SOUP CO B/E | 47,780 | 47,780 |
| CATERPILLAR INC | 45,124 | 45,124 |
| CBL & ASSOC PPTYS, INC | 641 | 641 |
| CELGENE CORP | 28,636 | 28,636 |
| CERNER CORP | 25,476 | 25,476 |
| CHEVRON CORP | 31,971 | 31,971 |
| CHESAPEAKE ENERGY CORP OKLA | 9,452 | 9,452 |
| CHURCH & DWIGHT CO INC | 46,104 | 46,104 |
| CIGNA CORP | 66,892 | 66,892 |
| CINTAS CORP | 23,532 | 23,532 |
| CISCO SYSTEMS INC | 57,827 | 57,827 |
| CITIGROUP INC | 97,939 | 97,939 |
| COCA-COLA ENTERPRISES INC NEW | 22,334 | 22,334 |
| COMCAST CORP NEW CL A | 58,601 | 58,601 |
| COMCAST CORP NEW SPECIAL CL A | 46,814 | 46,814 |
| CONOCOPHILLIPS | 110,496 | 110,496 |
| CORNING INC | 48,336 | 48,336 |
| CROWN HOLDINGS INC | 23,261 | 23,261 |
| CUBESMART SBI | 5,584 | 5,584 |
| CULLEN FROST BANKERS INC | 22,322 | 22,322 |
| CUMMINS INC | 25,518 | 25,518 |
| CVS HEALTH CORP | 45,940 | 45,940 |
| DANA HOLDING CORP | 68,894 | 68,894 |
| DANAHER CORP | 48,169 | 48,169 |
| DDR CORP REIT SBI | 5,802 | 5,802 |
| DELPHI AUTOMOTIVE PLC | 47,123 | 47,123 |
| DELTA AIR LINES INC DELA NEW | 58,487 | 58,487 |
| DEVON ENERGY CORP NEW | 17,628 | 17,628 |
| DIAGEO PLC NEW GB SPON ADR | 23,388 | 23,388 |
| DOVER CORP | 18,217 | 18,217 |
| DUKE REALTY CORP NEW REITS | 4,727 | 4,727 |
| DUPONT FABROS TECHNOLOGY INC | 3,025 | 3,025 |
| EATON CORP LLC | 34,999 | 34,999 |
| ECOLAB INC | 32,819 | 32,819 |
| EDG RESOURCES INC | 36,828 | 36,828 |
| EDUCATION REALTY TRUST INC | 2,598 | 2,598 |
| EMC CORP MASS | 47,049 | 47,049 |
| EMERSON ELECTRIC CO | 50,433 | 50,433 |
| ENLINK MIDSTREAM PARTNERS | 12,416 | 12,416 |
| ENSCO PLC CL A | 31,238 | 31,238 |
| EPR PROPERTIES REIT | 5,360 | 5,360 |
| EQUITY ONE INC SDI | 3,652 | 3,652 |
| EQUITY RESIDENTIAL SBI | 9,052 | 9,052 |
| ESSEX PROPERTY TRUST INC | 15,082 | 15,082 |
| EVERCORE PARTNERS INC CL A | 41,320 | 41,320 |
| EXPRESS CRIPTS HLDG CO | 42,928 | 42,928 |
| EXXON MOBIL CORP | 147,920 | 147,920 |
| FEDERAL RLTY INV TR | 6,139 | 6,139 |
| FIDELITY NATL INFORMATION SVCS | 45,033 | 45,033 |
| FIFTH THRID BANCORP | 20,375 | 20,375 |
| FIRST INDL REALTY TRUST INC | 7,936 | 7,936 |
| FLOUR CORP NEW | 45,230 | 45,230 |
| FRANKLIN RESOURCES INC | 56,976 | 56,976 |
| GAP INC | 73,693 | 73,693 |
| GENERAL GROWTH PPTYS INC NEW | 12,799 | 12,799 |
| GENL ELECTRIC CO | 104,643 | 104,643 |
| GENL MILLS INC | 55,570 | 55,570 |
| GILEAD SCIENCES INC | 22,811 | 22,811 |
| GEO GROUP INC NEW COM | 484 | 484 |
| GOLDMAN SACHS GROUP INC | 38,185 | 38,185 |
| GOOGLE INC CL C | 23,162 | 23,162 |
| HARTFORD FINCL SERVICES GROUP | 62,785 | 62,785 |
| HCP INC | 3,170 | 3,170 |
| HEALTH CARE REIT INC | 12,637 | 12,637 |
| HENRY JACK & ASSOC INC | 27,279 | 27,279 |
| HOME DEPOT INC | 95,103 | 95,103 |
| HONEYWELL INTL INC | 59,253 | 59,253 |
| HOST HOTELS & RESORTS INC | 13,121 | 13,121 |
| HUNTINGTON BANCSHARES | 47,877 | 47,877 |
| ILLINOIS TOOL WORKS INC | 42,426 | 42,426 |
| INTEL CORP | 63,762 | 63,762 |
| JOHNSON & JOHNSON COM | 63,369 | 63,369 |
| JONES LANE LASALLE INC | 4,048 | 4,048 |
| JPMORGAN CHASE & CO | 94,746 | 94,746 |
| KILROY REALTY CORP | 6,838 | 6,838 |
| KROGER COMPANY | 76,089 | 76,089 |
| LAM RESEARCH CORP | 20,549 | 20,549 |
| LAUDER ESTEE COS CL A | 36,958 | 36,958 |
| LENNAR CORP RECLASSIFICATION | 71,293 | 71,293 |
| LYONDELLBASELL | 35,011 | 35,011 |
| MARSH & MCLENNAN COS INC | 41,957 | 41,957 |
| MATADOR RES CO | 16,265 | 16,265 |
| MATTELL INC | 39,486 | 39,486 |
| MEDTRONIC INC | 51,984 | 51,984 |
| MERCK & CO INC NEW COM | 64,968 | 64,968 |
| METLIFE INC | 58,688 | 58,688 |
| MICROSOFT CORP | 59,456 | 59,456 |
| MONDELEZ INTL INC | 68,654 | 68,654 |
| MYLAN INC | 55,299 | 55,299 |
| NABORS INDUSTRIES LTD NEW | 23,325 | 23,325 |
| NASDAQ OMX GROUP | 38,896 | 38,896 |
| NATL FUEL GAS CO | 44,291 | 44,291 |
| NAVIENT CORP | 52,642 | 52,642 |
| NESTLE S A SPONSORED ADR | 44,718 | 44,718 |
| NETAPP INC | 22,424 | 22,424 |
| NOVARTIS AG SPON ADR | 43,921 | 43,921 |
| OCCIDENTAL PETROLEUM CRP | 27,246 | 27,246 |
| ONEOK INC NEW | 16,680 | 16,680 |
| ORACLE CORP | 31,209 | 31,209 |
| PALO ALTO NETWORKS INC | 66,801 | 66,801 |
| PARAMOUNT GROUP INC | 6,838 | 6,838 |
| PEBBLEBROOK HOTEL TR | 9,035 | 9,035 |
| PENNY J CO INC | 23,094 | 23,094 |
| PENTAIR LTD | 36,000 | 36,000 |
| PEPSICO INC | 48,902 | 48,902 |
| PFIZER INC | 73,857 | 73,857 |
| PHILIP MORRIS INTL INC | 77,948 | 77,948 |
| PHILLIPS 66 | 57,360 | 57,360 |
| PNC FINANCIAL SERVICES GROUP | 58,935 | 58,935 |
| PPG INDUSTRIES INC | 14,100 | 14,100 |
| PRAXAIR INC | 36,925 | 36,925 |
| PRICE T ROWE GROUP INC | 53,748 | 53,748 |
| PROLOGIS INC COM | 13,555 | 13,555 |
| PRUDENTIAL FINANCIAL INC | 26,505 | 26,505 |
| PUBLIC STORAGE REIT | 10,906 | 10,906 |
| QUALCOMM INC | 23,191 | 23,191 |
| ROPER INDS INC NEW | 25,954 | 25,954 |
| SAUL CENTERS INC | 3,889 | 3,889 |
| SCHLUMBERGER LTD NETHERLANDS | 35,616 | 35,616 |
| SEALED AIR CORP NEW | 76,162 | 76,162 |
| SIMON PPTY GROUP INC SBI | 35,511 | 35,511 |
| SL GREEN REALTY CORP | 13,330 | 13,330 |
| SLM CORP VTG | 38,590 | 38,590 |
| SMUCHKER J M CO NEW | 25,144 | 25,144 |
| ST JUDE MEDICAL INC | 22,678 | 22,678 |
| STORE CAP CORP REIT | 1,621 | 1,621 |
| STATE STREET CORP | 27,632 | 27,632 |
| STRATEGIC HOTEL CAPITAL INC | 4,617 | 4,617 |
| STRYKER CORP | 55,938 | 55,938 |
| SUN COMMUNITIES INC | 4,111 | 4,111 |
| SUNSTONE HOTEL INVESTORS INC | 5,052 | 5,052 |
| SYSCO CORP | 38,896 | 38,896 |
| TARGET CORP | 40,764 | 40,764 |
| TAUBMAN CENTERS INC | 4,891 | 4,891 |
| TEREX CORP DELA NEW | 47,061 | 47,061 |
| TEXAS INSTRUMENTS | 35,678 | 35,678 |
| TEXTRON INC | 102,748 | 102,748 |
| THERMO RISHER SCIENTIFIC INC | 36,710 | 36,710 |
| TIME WARNER INC NEW | 66,542 | 66,542 |
| TJX COS INC NEW | 44,303 | 44,303 |
| TRANSCANADA CORP | 23,421 | 23,421 |
| TRAVELERS COS INC/THE | 84,786 | 84,786 |
| TYCO INTL LTD | 55,264 | 55,264 |
| UNION PACIFIC CORP | 54,085 | 54,085 |
| UNITED PARCEL SERVICE INC CL B | 46,247 | 46,247 |
| UNTD TECHNOLOGIES CORP | 33,350 | 33,350 |
| US BANCORP DEL | 56,862 | 56,862 |
| VALERO ENERGY CORP NEW | 32,373 | 32,373 |
| VENTAS INS | 14,053 | 14,053 |
| VERIZON COMMUNICATIONS | 73,257 | 73,257 |
| VF CORP | 25,915 | 25,915 |
| VORNADO REALTY TRUST | 12,948 | 12,948 |
| W P CAREY INC REIT | 23,554 | 23,554 |
| WALT DISNEY CO | 61,129 | 61,129 |
| WELLS FARGO & CO NEW | 118,850 | 118,850 |
| WILLIAMS COS INC (DEL) | 40,446 | 40,446 |
| WASHINGTON PRIME GROUP INC COM | 1,670 | 1,670 |
| WSTN DIGITAL CORP | 78,044 | 78,044 |
| XILINX INC | 27,662 | 27,662 |
| YAHOO INC | 30,407 | 30,407 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ABBOTT LABS | AT COST | 57,896 | 57,896 |
| ACCENTURE PLC IRELAND CL | AT COST | 50,103 | 50,103 |
| ACCESS MIDSTREAM PARTNERS LP | AT COST | 5,745 | 5,745 |
| AMERIGAS PARTNERS LP | AT COST | 3,115 | 3,115 |
| AMGEN INC | AT COST | 28,991 | 28,991 |
| APPLE INC | AT COST | 90,401 | 90,401 |
| CHEVRON CORP | AT COST | 72,132 | 72,132 |
| CHURCH & DWIGHT CO INC | AT COST | 48,232 | 48,232 |
| CISCO SYSTEMS INC | AT COST | 85,809 | 85,809 |
| COMCAST CORP NEW CL A | AT COST | 119,095 | 119,095 |
| COMENITY BANK | AT COST | 110,249 | 110,249 |
| CVS CAREMARK CORP | AT COST | 71,655 | 71,655 |
| DISCOVER BANK | AT COST | 50,825 | 50,825 |
| ENBRIDGE ENERGY PARTNER LP | AT COST | 12,569 | 12,569 |
| ENERGY TRANSFER EQUITY LP UNITS LTD PARTNERSHIP MLP | AT COST | 42,174 | 42,174 |
| ENERGY TRANSFER PARTNER LP MLP | AT COST | 16,770 | 16,770 |
| ENTERPRISE PRODUCTS PARTNER LP MLP | AT COST | 67,906 | 67,906 |
| EQT MIDSTREAM PARTNER LP MLP | AT COST | 8,888 | 8,888 |
| EV ENERGY PARTNERS LP UNITS REPSTG TLD PARTNERS INTS MLP | AT COST | 1,638 | 1,638 |
| EXPRESS SCRIPTS HLDG CO | AT COST | 56,729 | 56,729 |
| FHLMC PL | AT COST | 6,585 | 6,585 |
| FL HURRICANE CATASTROPHE | AT COST | 106,708 | 106,708 |
| GENESIS ENERGY LP UNIT LTD PARTNERSHIP INT MLP | AT COST | 10,775 | 10,775 |
| GENL ELECTRIC CO | AT COST | 44,400 | 44,400 |
| GOLDMAN SACHS GROUP INC | AT COST | 53,570 | 53,570 |
| HOME DEPOT INC | AT COST | 41,253 | 41,253 |
| ILLINOIS TOOL WORKS INC | AT COST | 46,024 | 46,024 |
| JOHNSON & JOHNSON COM | AT COST | 54,481 | 54,481 |
| JPMORGAN CHASE & CO | AT COST | 47,874 | 47,874 |
| KAYNE ANDERSON MLP | AT COST | 50,178 | 50,178 |
| MAGELLAN MIDSTREAM PARTNERS LP | AT COST | 34,387 | 34,387 |
| MARKWEST ENERGY PARNERS LP | AT COST | 21,702 | 21,702 |
| MEDTRONIC INC | AT COST | 26,281 | 26,281 |
| MERCK & CO INC NEW COM | AT COST | 58,096 | 58,096 |
| MICROSOFT CORP | AT COST | 78,919 | 78,919 |
| MURPHY OIL CORP B/E | AT COST | 44,875 | 44,875 |
| OCCIDENTAL PETROLEUM CRP | AT COST | 54,654 | 54,654 |
| ONEOK PARTNERS LP | AT COST | 21,702 | 21,702 |
| PFIZER INC | AT COST | 55,198 | 55,198 |
| PHILIP MORRIS INTL INC | AT COST | 30,055 | 30,055 |
| PLAINS ALL AMER PIPELINE LP | AT COST | 24,172 | 24,172 |
| QUALCOMM INC | AT COST | 59,761 | 59,761 |
| REGENCY ENERGY PARTNERS LP | AT COST | 10,560 | 10,560 |
| SCHLUMBERGER LTD NETHERLANDS | AT COST | 22,890 | 22,890 |
| STATE STREET CORP | AT COST | 98,125 | 98,125 |
| TARGA RESOURCES PARTNERS LP | AT COST | 9,959 | 9,959 |
| TRAVELERS COS INC/THE | AT COST | 78,329 | 78,329 |
| UNTD TECHNOLOGIES CORP | AT COST | 66,700 | 66,700 |
| VARIOUS OTHER INVESTMENTS | AT COST | 1,457,275 | 1,457,275 |
| WALT DISNEY CO | AT COST | 51,051 | 51,051 |
| WILLIAMS PARTNERS LP UNIT LTD PARTNERSHIP INT | AT COST | 19,466 | 19,466 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 4,808 | 0 | 4,808 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PAINTINGS AND ART WORK | 7,000,000 | 6,990,000 | 6,990,000 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 9,712 | 0 | 9,712 | |
| DUES AND SUBSCRIPTIONS | 4,173 | 0 | 4,173 | |
| POSTAGE | 601 | 0 | 601 | |
| APPRAISAL | 2,000 | 0 | 2,000 | |
| OTHER | 2,572 | 0 | 2,572 | |
| LECTURE SERIES | 40,845 | 0 | 40,845 | |
| WAREHOUSE RENTAL | 6,309 | 0 | 6,309 | |
| OFFICE EXPENSE | 4,093 | 0 | 4,093 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 13,770 | 0 | 12,393 | |
| TAX DEPOSIT RE 990T | 1,375 | 0 | 0 |