| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 1,750 | 875 | 875 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T Inc | 73,496 | 103,230 |
| Verizon Communications | 106,955 | 138,660 |
| Kinder Morgan Inc | 138,068 | 49,818 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Energy Transfer Partners | AT COST | 32,405 | 50,595 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Energy Transfer Partners, LP | 3,896 | 3,896 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2014 Tax Liability | 1,446 | 1,446 | 0 | |
| 2015 Estimated Tax Payment | 500 | 500 | 0 |