| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING EXPENSE | 19,500 | 0 | 19,500 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SSGA PASSIVE BOND MKT CTF | 4,080,438 | 4,080,438 |
| COLCHESTER GLOBAL BOND FUND | 3,838,693 | 3,838,693 |
| VOYA (F/K/A ING) GLOBAL REAL ESTATE | 4,695,174 | 4,695,174 |
| VANGUARD | 6,020,484 | 6,020,484 |
| TAP FUND LTD | 2,838,019 | 2,838,019 |
| VAN ECK HARD ASSETS CLASS I MUTUAL FUND | 3,244,180 | 3,244,180 |
| FPA CRESCENT FUND | 5,353,139 | 5,353,139 |
| PARAMETRIC EMERGING MKTS FUND INST | 2,909,322 | 2,909,322 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| RUSSELL 3000 INDEX NON-LENDING STRATEGY | 17,065,897 | 17,065,897 |
| SSGA MSCI ACWI EX USA INDEX NON-LENDING QP STRATEGY | 8,597,405 | 8,597,405 |
| TAMRO SMALL CAP TAMRO CAPITAL PARTNERS FUND | 3,159,048 | 3,159,048 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WEATHERLOW OFFSHORE FUND | FMV | 2,802,940 | 2,802,940 |
| TIFF PRIVATE EQUITY PARTNERS | FMV | 971,841 | 971,841 |
| DRAKE CAPITAL OFFSHORE PARTNERS LP | FMV | 3,775,806 | 3,775,806 |
| FLAG GLOBAL PARTNERS LP | FMV | 840,332 | 840,332 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 28,545 | 0 | 28,545 | |
| SUBSCRIPTIONS AND DUES | 56,636 | 0 | 56,636 | |
| TELEPHONE | 12,250 | 0 | 12,250 | |
| PUBLIC RELATIONS | 31,121 | 0 | 31,121 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PROGRAM DUES | 43,600 | 43,600 | |
| PASSTHROUGH INCOME FROM VARIOUS K-1'S | 836,302 | 836,302 | 836,302 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING EXPENSE | 2,564,822 | 0 | 2,564,822 | |
| INVESTMENT MANAGEMENT FEES | 248,586 | 340,786 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 7,500 | 0 | 0 |