| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BANK CERTIFICATE OF DEPOSIT #1 | FMV | 796,486 | 796,486 |
| FIRSTTRUST BANK CERTIFICATE OF DEPOSIT | FMV | 1,013,008 | 1,013,008 |
| NOTE RECEIVABLE - BBR VII | FMV | 16,412,235 | 16,412,235 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INVESTMENT IN OSAGE UNIVERSITY PARTNERS I | 342,250 | 299,054 | 299,054 |
| INVESTMENT IN OSAGE UNIVERSITY PARTNERS II | 220,820 | 346,742 | 346,742 |
| INVESTMENT IN RITTENHOUSE VENTURES II, LP | 193,858 | 209,806 | 209,806 |
| INVESTMENT IN OSAGE UNIVERSITY PARTNERS III | 40,000 | 40,000 | |
| INVESTMENT IN GLOBAL OPPORTUNITY PHILA FUND I | 50,000 | 50,000 | |
| VANGUARD FUNDS | 62,482,829 | 69,860,362 | 69,860,362 |
| RADCLIFFE ULTRA SHORT DURATION | 5,083,575 | 5,302,825 | 5,302,825 |
| HAVERFORD - EQUITY INVESTMENTS | 10,706,826 | 11,310,036 | 11,310,036 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 146,817 | 0 | 146,817 | |
| EXPENSES FROM K1 - OSAGE UNIVERSITY PARTNERS I | 5,124 | 5,124 | 0 | |
| EXPENSES FROM K1 - OSAGE UNIVERSITY PARTNERS II | 12,928 | 12,928 | 0 | |
| EXPENSES FROM K1 - RITTENHOUSE VENTURES II | 7,575 | 7,575 | 0 | |
| MANAGEMENT FEES | 26,747 | 26,747 | 0 | |
| DUES AND SUBSCRIPTIONS | 750 | 0 | 750 | |
| SUPPLIES EXPENSE | 293 | 0 | 293 | |
| ORDINARY LOSS FROM K1 - RITTENHOUSE VENTURES II | 10,239 | 10,239 | 0 | |
| ORDINARY LOSS FROM K1 - OSAGE UNIVERSITY PARTNERS II | 6 | 6 | 0 | |
| MISCELLANEOUS EXPENSE | 1,096 | 1,096 | 0 |
| Description | Amount |
|---|---|
| OTHER COMPREHENSIVE INCOME | 4,561,215 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 143,922 | 0 | 0 | |
| PA BCO | 15 | 0 | 15 | |
| FOREIGN TAXES | 177 | 177 | 0 |