| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,663 | 0 | 3,663 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SALIENT PARTNERSHIP INVESTMENT | AT COST | 201,986 | 172,294 |
| SEER OFFSHORE FUND - FOREIGN | AT COST | 250,000 | 248,468 |
| BHR OFFSHORE FUND - FOREIGN | AT COST | 250,000 | 202,432 |
| BEL AIR ACCOUNTS | AT COST | 8,221,292 | 7,985,830 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 34,758 | 0 | 34,758 |
| Description | Amount |
|---|---|
| BOOK TO TAX DIFFERENCE | 364,391 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE - LIABILITY | 1,022 | 0 | 511 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSE | 22,356 | 22,356 | 0 | |
| INVESTMENT EXPENSE FROM K-1S | 2,189 | 2,189 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAXES - LICENSES & PERMITS | 200 | 0 | 0 | |
| TAXES - FEDERAL | 78,500 | 0 | 0 |