| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ERNST & YOUNG LLP | 3,400 | 1,700 | 0 | 1,700 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| ORGANIZATION COST | 2006-01-01 | 10,842 |
| 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 |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALTERA CORP. | ||
| AMERICAN INT'L GROUP, INC. | 49,302 | 66,595 |
| BANK OF AMERICA CORP. | 52,291 | 88,359 |
| BOEING COMPANY | 39,056 | 50,172 |
| CBS CORPORATION | 68,227 | 67,183 |
| CISCO SYSTEMS, INC. | 34,856 | 38,635 |
| CITIGROUP INC. | ||
| CONAGRA INC. | 55,715 | 66,501 |
| DEVON ENERGY CORP. | 54,666 | 56,803 |
| EASTMAN CHEM CO. | ||
| ELI LILLY & CO. | ||
| EBAY INC. | 38,667 | 40,463 |
| EMC CORPORATION MASS | 66,456 | 80,982 |
| EXXON MOBIL CORP. | ||
| FIRSTENERGY CORP. | 49,952 | 60,980 |
| GAP INC. | 72,394 | 74,071 |
| GENERAL ELECTRIC CO. | 71,061 | 91,806 |
| GENERAL MOTORS COMPANY | 49,612 | 52,156 |
| GOOGLE INC. | 49,423 | 48,821 |
| HALLIBURTON COMPANY | ||
| HARTFORD FINANICAL SRVCS GROUP | 23,486 | 32,935 |
| HERTZ GLOBAL HOLDINGS, INC. | 23,543 | 24,691 |
| JP MORGAN CHASE & CO. | 59,372 | 87,299 |
| MEDTRONIC INC | 69,258 | 77,471 |
| MERCK & CO. INC. | ||
| MGM RESORTS INTERNATIONAL | ||
| MORGAN STANLEY | 39,621 | 50,130 |
| MYLAN INC. | 60,788 | 70,913 |
| PFIZER INC. | 76,503 | 80,585 |
| PRUDENTIAL FINANCIAL INC. | 38,422 | 62,598 |
| SOUTHWESTERN ENERGY CO. | 86,677 | 63,313 |
| SUNTRUST BANKS INC. | 28,833 | 46,844 |
| UNITEDHEALTH GROUP INC. | ||
| VERIZON COMMUNICATIONS INC. | 60,615 | 59,457 |
| VERTEX PHARMACEUTICALS INC. | ||
| GS HIGH YIELD FUND INST SHARES | 1,783,638 | 1,609,035 |
| TIME INC. | 821 | 145,962 |
| TIME WARNER INC. | 19,449 | 4,053,435 |
| TIME WARNER CABLE INC. | 5,992 | 1,520,600 |
| EXPEDIA INC. | ||
| HARTFORD FINANCIAL SERVICES | ||
| L BRANDS INC. | ||
| LIBERTY GLOBAL | 48,401 | 57,151 |
| MICROSOFT CORP. | ||
| QUALCOMM | ||
| TEXTRON INC. | ||
| TOLL BROTHERS INC. | ||
| WALMART STORES | ||
| ANHEUSER-BUSCH INBEV | ||
| BP PLC |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GS HEDGE FUND OPPORTUNITIES | FMV | 1,000,000 | 1,457,043 |
| GS DIRECT STRATEGIES 2006 FUND | 11,725 | 16,104 | |
| GS PROPRIETARY ACCESS FUND | 1,481,494 | 1,684,629 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| ORGANIZATION COST | 10,842 | 10,842 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SAUL EWING | 7,120 | 3,560 | 0 | 3,560 |
| Description | Amount |
|---|---|
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| nontaxable dividend |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GOLDMAN SACHS MANAGEMENT FEES | 13,395 | 13,395 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX ON INVESTMENT INC | 2,300 |