| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WELCH & FORBES LLC, PREPARATION OF PRIVATE FOUNDATION TAX RETURNS | 2,845 | 2,845 | 0 |
| Category | Amount |
|---|---|
| NONE | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND - 174 PORTLAND STREET, BOSTON, MA | 1982-04-01 | 288,750 | L | 0 | 0 | ||||
| BUILDING - 174 PORTLAND STREET, BOSTON, MA | 1982-04-01 | 550,960 | 407,103 | SL | 45.000000000000 | 12,244 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1982-12-01 | 123,430 | 89,145 | SL | 45.000000000000 | 2,743 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1984-06-01 | 36,860 | 25,391 | SL | 45.000000000000 | 819 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1991-07-01 | 197,380 | 105,267 | SL | 45.000000000000 | 4,386 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1992-07-01 | 215,781 | 110,287 | SL | 45.000000000000 | 4,795 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1996-06-01 | 569,117 | 252,940 | SL | 45.000000000000 | 12,647 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1996-04-01 | 12,841 | 12,841 | 200DB | 5.000000000000 | 0 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1997-01-01 | 164,234 | 69,347 | SL | 45.000000000000 | 3,650 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 1999-05-01 | 221,758 | 83,776 | SL | 45.000000000000 | 4,928 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2000-03-01 | 77,577 | 31,027 | ADS | 40.000000000000 | 1,939 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2001-06-01 | 37,302 | 13,526 | ADS | 40.000000000000 | 933 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2002-06-01 | 391,131 | 127,115 | ADS | 40.000000000000 | 9,778 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2003-06-01 | 248,168 | 77,550 | ADS | 40.000000000000 | 6,204 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2004-06-01 | 12,151 | 4,256 | ADS | 40.000000000000 | 304 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2005-06-01 | 36,770 | 36,770 | ADS | 5.000000000000 | 0 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2006-06-01 | 10,379 | 10,379 | ADS | 5.000000000000 | 0 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2006-02-22 | 14,500 | 3,407 | ADS | 40.000000000000 | 363 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2008-12-23 | 25,440 | 4,161 | ADS | 40.000000000000 | 636 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2011-12-06 | 16,080 | 1,424 | ADS | 40.000000000000 | 402 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2012-09-30 | 6,241 | 436 | ADS | 40.000000000000 | 156 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2012-10-18 | 30,988 | 2,099 | ADS | 40.000000000000 | 775 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2013-12-31 | 47,572 | 1,833 | ADS | 40.000000000000 | 1,189 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2014-12-31 | 34,955 | 473 | ADS | 40.000000000000 | 874 | 0 | ||
| IMPROVEMENTS & ADDITIONS | 2015-12-31 | 97,350 | ADS | 40.000000000000 | 1,318 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 100,000 SHS GOLDMAN SACHS GROUP INC SERIES NOTE DTD 8/13/09 4.6% | 100,000 | 100,223 |
| 50,000 MURPHY OIL CORP MTN DTD 5/18/2015 4% | 42,412 | 44,352 |
| 50,000 SHS COMPUTER SCIENCES CORP SR NT DTD 9/18/12 | 49,138 | 53,304 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1,000 SHS APPLE INC | 97,850 | 95,600 |
| 1,000 SHS CHEVRON CORP | 93,830 | 104,830 |
| 1,000 SHS LINCOLN ELECTRIC HOLDINGS, INC | 58,940 | 59,080 |
| 1,000 SHS NOVARTIS AG | 75,099 | 82,510 |
| 1,000 SHS OMNICOM GROUP INC | 74,345 | 81,490 |
| 1,000 SHS PERRIGO | 97,770 | 90,670 |
| 1,500 SHS PEPSICO INC | 96,990 | 158,910 |
| 1,500 SHS STANLEY BLACK & DECKER INC | 83,629 | 166,830 |
| 1,600 SHS 3M CO | 111,688 | 280,192 |
| 100 SHS PRICELINE GRP INC COM | 100,794 | 124,841 |
| 2,000 SHS MCDONALDS CORP | 111,895 | 240,680 |
| 2,000 SHS MORNINGSTAR INC | 136,918 | 163,560 |
| 2,400 SHS TORONTO DOMINION BANK ONTARIO NEW | 90,672 | 103,032 |
| 2,500 SHS CONOCOPHILLIPS | 150,463 | 109,000 |
| 2,500 SHS QUALCOMM INC | 99,325 | 133,925 |
| 2,500 SHS RATHEON CO NEW | 105,337 | 339,875 |
| 2,500 SHS STRYKER CORP | 103,225 | 299,575 |
| 2,500 SHS UNITED PARCEL SERVICE CLASS B | 130,356 | 269,300 |
| 2,600 SHS UNITED TECHNOLOGIES CORP | 43,859 | 266,630 |
| 3,500 SHS JOHNSON & JOHNSON | 184,345 | 424,550 |
| 4,000 SHS ABBOTT LABORATORIES | 73,609 | 157,240 |
| 4,000 SHS ABBVIE INC COM | 79,823 | 247,640 |
| 4,000 SHS AFLAC INC | 127,501 | 288,640 |
| 4,000 SHS CENOVUS ENERGY INC | 55,364 | 55,280 |
| 4,000 SHS ELI LILLY & CO | 131,260 | 315,000 |
| 4,000 SHS GENERAL ELECTRIC CO | 106,621 | 125,920 |
| 4,000 SHS HOSPITALITY PROPERTIES TRUST | 42,555 | 115,200 |
| 4,000 SHS NOBLE CORP PLC SHS | 70,979 | 32,960 |
| 4,000 SHS PAYCHEX INC | 105,880 | 238,000 |
| 4,289 SHS IRON MOUNTAIN INC | 110,743 | 170,831 |
| 4,500 SHS PROCTER & GAMBLE CO | 7,675 | 381,015 |
| 5,000 SHS ABB LTD SPONSERED ADR | 79,050 | 99,150 |
| 5,000 SHS AT&T INC | 180,630 | 216,050 |
| 5,000 SHS BP PLC SPONSERED ADR | 182,817 | 177,550 |
| 5,000 SHS GOLDMAN SACHS GROUP INC SERIES B PRFD | 112,833 | 132,050 |
| 5,000 SHS JOHNSON CONTROLS INC | 98,531 | 221,300 |
| 5,000 SHS JPMORGAN CHASE & CO PFD 5.45% | 122,949 | 130,650 |
| 5,000 SHS NEWELL BRANDS INC | 44,788 | 242,850 |
| 5,000 SHS ROYAL BANK SCOTLAND GROUP | 119,850 | 123,950 |
| 5,000 SHS SYSCO CORP | 150,748 | 253,700 |
| 5,000 SHS VERIZON COMMUNICATIONS INC | 151,715 | 279,200 |
| 5,000 SHS WELLS FARGO & CO NEW PFD 5.2% | 99,452 | 129,850 |
| 6,000 SHS MICROSOFT CORP | 163,140 | 307,020 |
| 600 SHS ALLERGAN PLC | 165,348 | 138,654 |
| 8,000 SHS INTEL CORP | 157,920 | 262,400 |
| 8,000 SHS PFIZER INC | 148,347 | 281,680 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 2,500 SHS FIRST TRUST NORTH AMERN ENERGY | AT COST | 53,125 | 61,700 |
| 4,000 SHS FIRST TRUST SHORT DURATION HIGH INC | AT COST | 82,200 | 78,640 |
| 4,000 SHS KAYNE ANDERSON MLP INVESTMENT CO | AT COST | 100,360 | 81,400 |
| 5,000 SHS ISHARES GOLD TRUST | AT COST | 61,800 | 63,800 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND - 174 PORTLAND STREET, BOSTON, MA | 288,750 | 0 | 288,750 | |
| BUILDING - 174 PORTLAND STREET, BOSTON, MA | 550,960 | 419,347 | 131,613 | |
| IMPROVEMENTS & ADDITIONS | 123,430 | 91,888 | 31,542 | |
| IMPROVEMENTS & ADDITIONS | 36,860 | 26,210 | 10,650 | |
| IMPROVEMENTS & ADDITIONS | 197,380 | 109,653 | 87,727 | |
| IMPROVEMENTS & ADDITIONS | 215,781 | 115,082 | 100,699 | |
| IMPROVEMENTS & ADDITIONS | 569,117 | 265,587 | 303,530 | |
| IMPROVEMENTS & ADDITIONS | 12,841 | 12,841 | 0 | |
| IMPROVEMENTS & ADDITIONS | 164,234 | 72,997 | 91,237 | |
| IMPROVEMENTS & ADDITIONS | 221,758 | 88,704 | 133,054 | |
| IMPROVEMENTS & ADDITIONS | 77,577 | 32,966 | 44,611 | |
| IMPROVEMENTS & ADDITIONS | 37,302 | 14,459 | 22,843 | |
| IMPROVEMENTS & ADDITIONS | 391,131 | 136,893 | 254,238 | |
| IMPROVEMENTS & ADDITIONS | 248,168 | 83,754 | 164,414 | |
| IMPROVEMENTS & ADDITIONS | 12,151 | 4,560 | 7,591 | |
| IMPROVEMENTS & ADDITIONS | 36,770 | 36,770 | 0 | |
| IMPROVEMENTS & ADDITIONS | 10,379 | 10,379 | 0 | |
| IMPROVEMENTS & ADDITIONS | 14,500 | 3,770 | 10,730 | |
| IMPROVEMENTS & ADDITIONS | 25,440 | 4,797 | 20,643 | |
| IMPROVEMENTS & ADDITIONS | 16,080 | 1,826 | 14,254 | |
| IMPROVEMENTS & ADDITIONS | 6,241 | 592 | 5,649 | |
| IMPROVEMENTS & ADDITIONS | 30,988 | 2,874 | 28,114 | |
| IMPROVEMENTS & ADDITIONS | 47,572 | 3,022 | 44,550 | |
| IMPROVEMENTS & ADDITIONS | 34,955 | 1,347 | 33,608 | |
| IMPROVEMENTS & ADDITIONS | 97,350 | 1,318 | 96,032 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| COMMUNITY WORKS SERVICES PROM NOTE 1/1/13 3% 1/1/17 | 99,154 | 43,157 | 43,157 |
| Description | Amount |
|---|---|
| RETURN OF CAPITAL ADJUSTMENT | 4,749 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 22,202 | 22,202 | 0 | |
| MASS FORM PC FILING FEE | 125 | 125 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WELCH & FORBES LLC, INVESTMENT ADVISER | 54,839 | 54,839 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 901 | 901 | 0 | |
| 6/30/2015 EXCISE TAX | 1,799 | 0 | 0 | |
| 6/30/2016 EXCISE TAX | 8,544 | 0 | 0 |