| 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 |
|---|---|---|
| 3M CO | 16,000 | 15,064 |
| ASTRAZENECA | 13,430 | 13,580 |
| AT&T, INC | 9,800 | 13,764 |
| BAXTER INTERNATIONAL INC | 7,235 | 7,630 |
| BRISTOL-MYERS SQUIBB CO | 31,583 | 103,185 |
| CISCO SYSTEMS INC | 15,878 | 27,155 |
| DENBURY RESOURCES INC | 16,900 | 8,080 |
| EXCO RESOURCES INC | 16,560 | 7,440 |
| GABELLI GLOBAL GOLD, NATURAL R | 17,090 | 14,250 |
| GENERAL ELECTRIC CO | 34,000 | 62,300 |
| GLAXOSMITHKLINE PLC | 17,300 | 16,140 |
| HELMERICH PAYNE | 13,200 | 10,710 |
| INTERSIL CORPORATION | 24,600 | 38,280 |
| ITRON INC | 11,500 | 10,854 |
| MARKEL CORP | 177,049 | 353,340 |
| NEWMONT MINING CORP | 37,780 | 25,186 |
| OTTER TAIL CORP | 7,840 | 10,652 |
| STMICROELECTRONICS | 24,930 | 19,980 |
| VSE CORPORATION | 165,329 | 354,426 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 7,500 | 7,500 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2015 | 200 | |||
| 990-PF Excise Tax for 2014 | 497 |