| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO LTD | 16,200 | 8,100 | 8,100 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 2015-12-29 | 111,959 | 22,414 | 150DB | 15.000000000000 | 8,957 | 0 | ||
| LEASEHOLD IMPROVEMENTS | 2016-12-21 | 121,205 | 13,490 | 150DB | 15.000000000000 | 10,775 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIDUCIARY TRUST INVESTMENTS | AT COST | 70,519,952 | 70,296,651 |
| DSF CAPITAL PARTNERS IV, LP | AT COST | 1,067 | 86,983 |
| HEALTHPOINTCAPITAL PARTNERS III, LP | AT COST | 66,954 | 82,624 |
| IRONSIDES PARTNERSHIP FUND II, LP | AT COST | 69,061 | 100,492 |
| IRONSIDES PARTNERSHIP FUND IV, LP | AT COST | 51,189 | 61,495 |
| IRONSIDES DIRECT INVESTMENT FUND IV, LP | AT COST | 137,422 | 154,833 |
| SIGULER GUFF DISTRESSED REAL ESTATE OPPORTUNITIES FUND LP | AT COST | 73,409 | 126,063 |
| SIGULER GUFF DISTRESSED REAL ESTATE OPPORTUNITIES FUND II LP | AT COST | 158,902 | 234,130 |
| GREENSPRING GLOBAL PARTNERS | AT COST | 279,478 | 478,421 |
| GREENSPRING MICRO II | AT COST | 38,876 | 44,000 |
| REALTY ASSOCIATES FUND I UTP, LP | AT COST | 152,205 | 260,633 |
| ACCOLADE PARTNERS V, LP | AT COST | 215,975 | 306,957 |
| BOREALIS GRANITE FUND, LP | AT COST | 204,212 | 810,331 |
| ACCOLADE PARTNERS IV, LP | AT COST | 333,172 | 568,690 |
| SIGULER GUFF SMALL BUYOUT OPPORTUNITIES FUND II(T), LP | AT COST | 242,766 | 390,540 |
| SIGULER GUFF DREOF II CO-INVESTMENT FUND, LP | AT COST | 69,917 | 84,905 |
| IMPACT PROJECTS LLC LOAN | AT COST | 2,053,764 | 2,053,764 |
| 319 VAUGHAN STREET LLC | AT COST | 2,203,678 | 2,203,678 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 111,959 | 31,371 | 80,588 | |
| LEASEHOLD IMPROVEMENTS | 121,205 | 24,265 | 96,940 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 20,070 | 0 | 20,070 | |
| LEGAL FEES | 1,360 | 1,360 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | NORTH MILL REALTY TRUST |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 1,075,000 |
| Balance Due | 0 |
| Date of Note | 2014-04 |
| Maturity Date | 2019-01 |
| Repayment Terms | 5 YRS |
| Interest Rate | 4.750000000000 |
| Security Provided by Borrower | CASH |
| Purpose of Loan | 319 VAUGHAN CENTER LLC PROPERTY |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 350 | 0 | 350 | |
| BOOKS, SUBSCRIPTIONS, REFERENCES | 12,850 | 0 | 12,850 | |
| MEMBERSHIPS & DUES | 95 | 0 | 95 | |
| OFFICE EXPENSE | 869 | 0 | 869 | |
| OTHER NON-DEDUCTIBLE EXP | 126 | 0 | 0 | |
| PARTNERSHIP EXPENSES | 88,808 | 88,808 | 0 | |
| STATE FILING FEE | 75 | 0 | 75 | |
| INSURANCE | 736 | 0 | 736 | |
| INSURANCE | 24,625 | 24,625 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST INCOME ON LOANS | 13,000 | 13,000 | 13,000 |
| INCOME FROM PARTNERSHIPS | 30,639 | 30,639 | 30,639 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING & INVESTMENT MANAGEMENT | 500,000 | 250,000 | 250,000 | |
| FIDUCIARY TRUST INVESTMENT MANAGEMENT | 359,366 | 359,366 | 0 | |
| CONSULTING | 10,309 | 10,309 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 9,266 | 9,266 | 0 | |
| FEDERAL TAXES PAID | 19,958 | 0 | 0 | |
| PAYROLL TAXES | 42 | 0 | 42 | |
| REAL ESTATE TAXES | 10,027 | 10,027 | 0 |