| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,650 | 1,325 | 1,325 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MORGAN STANLEY | 438,319 | 424,190 |
| STIFEL | 420,388 | 347,549 |
| RAYMOND JAMES | 122,222 | 142,841 |
| LPL FINANCIAL | 1,107,347 | 1,020,181 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FS INVESTMENT | AT COST | 100,000 | 78,381 |
| GRIFFIN CAPITAL ESSENTIAL ASSET REIT | AT COST | 50,000 | 48,881 |
| ARC BUSINESS DEVELOPMENT CORP | AT COST | 50,000 | 36,607 |
| ARC HOSPITALTY TRUST | AT COST | 100,000 | 58,573 |
| CION | AT COST | 50,000 | 42,153 |
| NORTHSTAR | AT COST | 50,000 | 34,804 |
| STEADFAST | AT COST | 50,000 | 50,600 |
| AMERICAN FINANCE TRUST | AT COST | 90,000 | 51,275 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEAGL FEES | 39,889 | 19,944 | 19,945 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ANNUAL REPORT | 61 | 0 | 0 | |
| BANK CHARGES | 190 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RAYMOND JAMES - MISC INCOME | 6,015 | 6,015 | 6,015 |
| Description | Amount |
|---|---|
| BOOK ADJUSTMENT | 72,398 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYABLE TO TARR FOUNDATION | 0 | 1,607 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSES | 7,041 | 4,041 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 34 | 34 | 0 | |
| FEDERAL TAXES | 1,660 | 0 | 0 |