| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 550 | 166 | 0 | 384 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PAR SYSTEMS, INC. | 182,249 | 182,249 |
| EXSULIN CORPORATION | 150,000 | 150,000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WELSH REAL ESTATE FUND IV, LLC | AT COST | 0 | 0 |
| Description | Amount |
|---|---|
| PAR SYSTEMS STOCK RE-VALUATION | 514,630 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| UNREALIZED APPREC ON SECURITIES | 64,564 | 0 |
| WELSH REAL ESTATE FUND IV, LLC | 0 | 5,177 |