| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO LTD | 16,500 | 8,250 | 8,250 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 2015-12-29 | 111,959 | 150DB | 15.000000000000 | 1,399 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIDUCIARY TRUST INVESTMENTS | AT COST | 46,961,438 | 44,908,840 |
| DSF CAPITAL PARTNERS IV, LP | AT COST | 178,874 | 237,981 |
| HEALTHPOINTCAPITAL PARTNERS III, LP | AT COST | 135,446 | 180,641 |
| IRONSIDES PARTNERSHIP FUND II, LP | AT COST | 123,442 | 170,216 |
| SIGULER GUFF DISTRESSED REAL ESTATE OPPORTUNITIES FUND LP | AT COST | 130,713 | 188,671 |
| SIGULER GUFF DISTRESSED REAL ESTATE OPPORTUNITIES FUND II LP | AT COST | 161,452 | 158,053 |
| GREENSPRING GLOBAL PARTNERS | AT COST | 179,082 | 219,510 |
| REALTY ASSOCIATES FUND I UTP, LP | AT COST | 353,685 | 435,053 |
| ACCOLADE PARTNERS V, LP | AT COST | 32,865 | 33,219 |
| BOREALIS GRANITE FUND, LP | AT COST | 360,000 | 360,000 |
| ACCOLADE PARTNERS IV, LP | AT COST | 242,036 | 298,939 |
| SIGULER GUFF SMALL BUYOUT OPPORTUNITIES FUND II(T), LP | AT COST | 229,604 | 287,628 |
| IMPACT PROJECTS LLC LOAN | AT COST | 2,091,667 | 2,091,667 |
| 319 VAUGHAN STREET LLC | AT COST | 2,162,770 | 2,162,770 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 111,959 | 1,399 | 110,560 | 110,560 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 98,279 | 0 | 98,279 |
| Item No. | 1 |
|---|---|
| Lender's Name | NORTH MILL REALTY TRUST |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1,075,000 |
| Balance Due | 727,250 |
| Date of Note | 2014-04 |
| Maturity Date | 2019-01 |
| Repayment Terms | 5 YRS |
| Interest Rate | 4.750000000000 |
| Security Provided by Borrower | CASH |
| Purpose of Loan | 319 VAUGHAN CENTER LLC PROPERTY |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TECHNOLOGY | 1,464 | 732 | 732 | |
| BOOKS, SUBSCRIPTIONS, REFERENCES | 2,400 | 0 | 2,400 | |
| STATE FILING FEE | 75 | 0 | 75 | |
| PARTNERSHIP EXPENSES | 46,669 | 46,669 | 0 | |
| OFFICE EXPENSE | 937 | 469 | 468 | |
| PAYROLL SERVICE FEES | 4,738 | 0 | 4,738 | |
| MEMBERSHIPS & DUES | 4,353 | 0 | 4,353 | |
| BANK CHARGES | 124 | 62 | 62 | |
| PROFESSIONAL DEVELOPMENT | 1,080 | 0 | 1,080 | |
| OTHER NON-DEDUCTIBLE EXP | 66 | 0 | 0 | |
| RENTAL EXPENSES - 319 VAUGHAN STREET CENTER LLC | 13,730 | 13,548 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST ON LOAN | 7,403 | 7,403 | 7,403 |
| INCOME FROM PARTNERSHIPS | 4,120 | 4,120 | 4,120 |
| INTEREST INCOME - RE TAXES | 1,058 | 1,058 | 1,058 |
| RENTAL INCOME - 319 VAUGHAN STREET CENTER LLC | 15,166 | 15,166 | 15,166 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING & INVESTMENT MANAGEMENT | 519,984 | 250,832 | 269,152 | |
| FIDUCIARY TRUST INVESTMENT MANAGEMENT | 222,282 | 222,282 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 1,848 | 1,848 | 0 | |
| FEDERAL TAXES PAID | 65,000 | 0 | 0 | |
| PAYROLL TAXES | 11,244 | 0 | 11,244 |