| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING - AUDIT & TAX | 27,273 | 13,637 | 8,538 | |
| ACCOUNTING - BOOKKEEPING | 10,275 | 7,706 | 2,569 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| DODGE & COX INCOME FD COM | 5,253,452 | 5,253,452 |
| DOUBLELINE FDS TR TTL RTN BD I | 4,030,243 | 4,030,243 |
| FIDELTY L/T TRSRY BD-INS PRM | 398,353 | 398,353 |
| METROPOLITAN WEST FDS TOTAL RET CL I | 3,390,480 | 3,390,480 |
| NEUBERGER BERMAN INCOME FDS NE | 1,819,172 | 1,819,172 |
| STRG INCM INSTLPRUDENTIAL TOTAL RETRN BND-Z | 3,917,898 | 3,917,898 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC-CL A | 65,387 | 65,387 |
| ALPHABET INC-CL C | 72,493 | 72,493 |
| FACEBOOK INC-A | 120,865 | 120,865 |
| TWITTER INC | 44,260 | 44,260 |
| AMAZON COM INC COM | 157,707 | 157,707 |
| CARNIVAL PLC ADR | 35,963 | 35,963 |
| HOME DEPOT INC COM | 57,044 | 57,044 |
| LENNAR CORP-A | 42,399 | 42,399 |
| LENNAR CORP - B SHS | 815 | 815 |
| SONY CORP ADR NEW | 55,570 | 55,570 |
| STARBUCKS CORP COM | 76,765 | 76,765 |
| YUM CHINA HOLDINGS INC | 29,238 | 29,238 |
| YUM! BRANDS INC | 48,442 | 48,442 |
| BRITISH AMERN TOB PLC SPONSORED ADR | 70,889 | 70,889 |
| COCA COLA CO COM | 132,154 | 132,154 |
| COLGATE PALMOLIVE CO COM | 47,080 | 47,080 |
| FOMENTO ECONOMICO MEXICANO SABSPON ADR UNITS | 23,147 | 23,147 |
| KROGER CO COM | 43,313 | 43,313 |
| MONDELEZ INTL INC | 41,711 | 41,711 |
| MONSTER BEVERAGE CORP | 78,998 | 78,998 |
| PROCTER & GAMBLE CO COM | 73,904 | 73,904 |
| WALGREENS BOOTS ALLIANCE INC | 40,725 | 40,725 |
| HALLIBURTON CO COM | 31,152 | 31,152 |
| PHILLIPS 66 COM | 60,908 | 60,908 |
| PIONEER NAT RES CO COM | 33,801 | 33,801 |
| SCHLUMBERGER LTD | 63,501 | 63,501 |
| AMERICAN EXPRESS CO | 27,833 | 27,833 |
| AMERIPRISE FINL INC COM | 46,340 | 46,340 |
| BANK OF AMERICA CORPORATION COM | 66,725 | 66,725 |
| BOK FINL CORP COM NEW | 30,505 | 30,505 |
| CAPITAL ONE FINL CORP COM | 46,412 | 46,412 |
| CHUBB LTD | 45,471 | 45,471 |
| CULLEN FROST BANKERS INC COM | 33,681 | 33,681 |
| EAST WEST BANCORP INC | 40,265 | 40,265 |
| FACTSET RESEARCH SYSTEMS INC CT | 43,228 | 43,228 |
| HDFC BANK LTD ADR REPS 3 SHS | 28,384 | 28,384 |
| JPMORGAN CHASE & CO COM | 43,636 | 43,636 |
| MANULIFE FINL CORP COM | 60,407 | 60,407 |
| SEI INVESTMENTS CO COM | 51,836 | 51,836 |
| ABBVIE INC COM | 38,996 | 38,996 |
| ACADIA HEALTHCARE CO INC | 29,412 | 29,412 |
| AMGEN INC COM | 118,554 | 118,554 |
| CERNER CORP COM | 46,619 | 46,619 |
| DANAHER CORP | 71,772 | 71,772 |
| MERCK & CO INC NEW COM | 32,398 | 32,398 |
| REGENERON PHARMACEUTICALS COM | 84,785 | 84,785 |
| VARIAN MED SYS INC COM | 44,418 | 44,418 |
| DEERE & CO COM | 69,662 | 69,662 |
| EXPEDITORS INTL WASH INC COM | 73,401 | 73,401 |
| GENERAL DYNAMICS CORP COM | 49,050 | 49,050 |
| OSHKOSH CORP | 49,661 | 49,661 |
| PARKER HANNIFIN CORP COM | 53,243 | 53,243 |
| UNITED PARCEL SERVICE INC CL B | 23,602 | 23,602 |
| ADOBE INC | 100,451 | 100,451 |
| ANSYS INC PA | 59,463 | 59,463 |
| AUTODESK INC COM | 98,901 | 98,901 |
| AUTOMATIC DATA PROCESSING INC COM | 23,470 | 23,470 |
| CHECK POINT SOFTWARE TECH LTD ORD | 66,825 | 66,825 |
| CISCO SYS INC COM | 72,101 | 72,101 |
| MICROCHIP TECHNOLOGY INC COM | 56,385 | 56,385 |
| MICROSOFT CORP WA | 170,942 | 170,942 |
| ORACLE CORP COM | 120,054 | 120,054 |
| PAYPAL HOLDINGS INC | 66,936 | 66,936 |
| QUALCOMM INC COM | 69,544 | 69,544 |
| VISA INC COM CL A | 154,238 | 154,238 |
| MARTIN MARIETTA MATLS INC COM | 46,577 | 46,577 |
| PPG INDS INC COM | 56,533 | 56,533 |
| EQUITY LIFESTYLE PPTYS INC COM | 32,053 | 32,053 |
| NATIONAL FUEL GAS COMPANY | 42,377 | 42,377 |
| BAIDU INC SPON ADR REP A | 122,756 | 122,756 |
| CHINA MOBILE LIMITED SPONSORED ADR | 75,264 | 75,264 |
| KDDI CORP ADR | 63,606 | 63,606 |
| NASPERS LTD-N SHS SPON ADR | 55,614 | 55,614 |
| SK TELECOM LTD SPONSORED ADR | 65,151 | 65,151 |
| VODAFONE GROUP PLC-SP ADR | 38,386 | 38,386 |
| WEIBO CORP-SPON ADR | 35,818 | 35,818 |
| YANDEX NV-A | 22,290 | 22,290 |
| ADIDAS AG ADR | 22,415 | 22,415 |
| ALIBABA GROUP HOLDING-SP ADR | 122,952 | 122,952 |
| BAYERISCHE MOTOREN-SPON ADR | 25,836 | 25,836 |
| COMPAGNIE FIN RICHEMONTAG SWI ADR | 45,802 | 45,802 |
| GILDAN ACTIVEWEAR INC COM | 35,612 | 35,612 |
| JOHNSON CONTROLS INTL PLC | 45,661 | 45,661 |
| LVMH MOET HENNESSY LOUIS VUITTON | 40,496 | 40,496 |
| ADRVOLKSWAGEN A G-UNSPON ADR | 106,983 | 106,983 |
| AMBEV SA-ADR | 21,325 | 21,325 |
| DANONE SPONSORED ADR | 68,965 | 68,965 |
| L OREAL CO ADR | 61,916 | 61,916 |
| NESTLE SA-SPONS ADR | 89,044 | 89,044 |
| UNILEVER N V N Y SHS NEW | 50,249 | 50,249 |
| UNILEVER PLC-SPONSORED ADR | 42,688 | 42,688 |
| BP PLC SPONSORED ADR | 57,600 | 57,600 |
| ENCANA CORP COM | 30,137 | 30,137 |
| ROYAL DUTCH SHELL PLC SPON ADR B | 142,537 | 142,537 |
| SASOL LTD SPONSORED ADR | 20,796 | 20,796 |
| TENARIS S A SPONSORED ADR | 12,174 | 12,174 |
| AIA GROUP LTD SPONSORED ADR | 110,385 | 110,385 |
| AKBANK TURK ANONM SIRK ADR | 7,175 | 7,175 |
| ALLIANZ SE SP ADR 1/10 SH | 78,362 | 78,362 |
| AVIVA PLC - SPON ADR | 45,327 | 45,327 |
| BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR | 84,180 | 84,180 |
| BARCLAYS PLC ADR | 69,451 | 69,451 |
| BNP PARIBAS SPONSORED ADR | 48,736 | 48,736 |
| CAIXABANK- UNSPON ADR | 24,995 | 24,995 |
| CANADIAN IMPRL BK COMM COM | 18,188 | 18,188 |
| DBS GROUP HLDGS LTD SPONSORED ADR | 66,812 | 66,812 |
| GRUPO FIN BANORTE-SPON ADR | 24,989 | 24,989 |
| HSBC HLDGS PLC SPON ADR NEW | 28,859 | 28,859 |
| ICICI BK LTD ADR | 32,815 | 32,815 |
| ING GROEP N V SPONSORED ADR | 24,092 | 24,092 |
| ITAU UNIBANCO HLDG SA SPON ADR REP PFD | 45,517 | 45,517 |
| LLOYDS BANKING GROUP PLC SPONSORED ADR | 28,652 | 28,652 |
| MITSUBISHI UFJ FINL-SPON ADR | 26,702 | 26,702 |
| PRUDENTIAL PLC ADR | 78,663 | 78,663 |
| SUMITOMO MITSUI FINL GROUP INC SPONSORED ADR | 29,588 | 29,588 |
| UNICREDIT SPA-ADR | 76,242 | 76,242 |
| ASPEN PHARMACARE HL-UNSP ADR | 13,693 | 13,693 |
| ASTRAZENECA PLC SPONSORED ADR | 58,375 | 58,375 |
| BAYER A G SPONSORED ADR | 63,102 | 63,102 |
| FRESENIUS MEDICAL CARE-ADR | 37,702 | 37,702 |
| GLAXOSMITHKLINE PLC SPONSORED ADR | 25,066 | 25,066 |
| GRIFOLS S A SP ADR REP B NVT | 22,344 | 22,344 |
| LONZA GROUP AG ADR | 43,768 | 43,768 |
| MEDTRONIC PLC | 60,397 | 60,397 |
| NOVARTIS AG-SPONSORED ADR | 146,049 | 146,049 |
| NOVO-NORDISK A S ADR | 70,948 | 70,948 |
| ROCHE HLDG LTD SPONSORED ADR | 123,669 | 123,669 |
| SONOVA HLDG AG ADR | 29,129 | 29,129 |
| SYSMEX CORP ADR | 24,236 | 24,236 |
| TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADR | 74,311 | 74,311 |
| ABB LTD SPONSORED ADR | 74,082 | 74,082 |
| ALFA LAVAL AB-UNSPON ADR | 29,755 | 29,755 |
| ATLAS COPCO AB SP ADR A NEW | 22,271 | 22,271 |
| CANADIAN NATL RY CO COM | 55,434 | 55,434 |
| CANADIAN PAC RY LTD COM | 8,703 | 8,703 |
| DEUTSCHE POST AG SPONSORED ADR | 36,762 | 36,762 |
| EAST JAPAN RAILWAY CO ADR | 50,127 | 50,127 |
| FANUC CORPORATION ADR | 99,778 | 99,778 |
| JAPAN AIRLINES CO-UNP ADR | 43,692 | 43,692 |
| JGC CORP ADR | 21,066 | 21,066 |
| KOMATSU LTD SPON ADR NEW | 19,577 | 19,577 |
| KUBOTA CORP-SPONS ADR | 21,562 | 21,562 |
| MONOTARO CO LTD ADR | 42,660 | 42,660 |
| PARK24 CO LTD-SPN ADR | 20,476 | 20,476 |
| ROLLS ROYCE HOLDINGS PLC SPONSORED ADR | 48,213 | 48,213 |
| DASSAULT SYSTEMS | 52,396 | 52,396 |
| INFINEON TECHNOLOGIES AG SPONSORED ADR | 32,793 | 32,793 |
| MICRO FOCUS INTL-SPN ADR | 32,527 | 32,527 |
| SAP SE SPON ADR | 121,949 | 121,949 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR | 94,637 | 94,637 |
| TEMENOS AG-SP ADR | 27,627 | 27,627 |
| AIR LIQUIDE ADR | 61,913 | 61,913 |
| AKZO NOBEL NV SPONSORED ADR | 62,692 | 62,692 |
| BASF SE SPONSORED ADR | 71,273 | 71,273 |
| BHP GROUP PLC-ADR | 20,903 | 20,903 |
| FUCHS PETROLUB SE-PREF ADR | 25,316 | 25,316 |
| GIVAUDAN UNSPON ADR | 24,288 | 24,288 |
| LINDE PLC | 41,351 | 41,351 |
| NOVOZYMES A/S-UNSPONS ADR | 22,816 | 22,816 |
| SYMRISE AG-UNSPON ADR | 31,097 | 31,097 |
| ENGIE-SPON ADR | 18,613 | 18,613 |
| SSE PLC-SPN ADR | 54,903 | 54,903 |
| SUN COMMUNITIES INC COM | 31,530 | 31,530 |
| FEDERATED MDT SM CAP GR-R6 | 336,638 | 336,638 |
| TOUCHSTONE FDS GROUP TR MDCAP VALINST | 1,482,391 | 1,482,391 |
| TOUCHSTONE MID CAP GROW-INST | 1,446,003 | 1,446,003 |
| VIRTUS QUALITY SMALL-CAP-I | 1,106,479 | 1,106,479 |
| GS-INTERNAT SC INSIGHTS-IS | 1,386,111 | 1,386,111 |
| LAZARD FDS INC EMERG MKT INST | 1,546,853 | 1,546,853 |
| MSIF-GLOBAL OPPORTUNITY-I | 1,187,346 | 1,187,346 |
| OPPENHEIMER DEVELOPING MKT-I | 1,548,386 | 1,548,386 |
| VANGUARD S&P 500 ETF | 4,724,434 | 4,724,434 |
| VANGUARD FTSE DEVELOPED ETF | 1,505,592 | 1,505,592 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 64,879 | 23 | 64,856 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| REFUNDABLE DEPOSITS | 456 | 456 | 456 |
| FEDERAL NET INVESTMENT EXCISE TAX RECEIVABLE | 0 | 1,780 | 1,780 |
| DEFERRED FEDERAL NII EXCISE TAX BENEFIT | 0 | 10,527 | 10,527 |
| Description | Amount |
|---|---|
| UNREALIZED DEPRECIATION IN THE INVESTMENT PORTFOLIO | 5,179,304 |
| ROUNDING | 1 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE SUPPLIES & EXPENSE | 5,483 | 548 | 6,037 | |
| INFORMATION TECHNOLOGY | 18,859 | 1,886 | 16,784 | |
| INSURANCE | 8,294 | 829 | 7,465 | |
| COMMUCATIONS & PUBLIC RELATIONS | 314 | 0 | 314 | |
| COMMUNITY DEVELOPMENT & PUBLIC RELATIONS | 16,749 | 0 | 19,749 | |
| DUES & SUBSCRIPTIONS | 547 | 55 | 492 | |
| HONORARIUMS, GIFTS & AWARDS | 7,500 | 0 | 7,500 | |
| MISC/OTHER | 763 | 76 | 687 | |
| NFP ASSOCIATION/ORGANIZATION DUES & MEMBERSHIPS | 13,845 | 15 | 13,830 | |
| POSTAGE & DELIVERY | 252 | 25 | 227 | |
| SPONSORSHIPS & SPONSORED EVENTS | 8,000 | 0 | 8,000 | |
| TRAINING & DEVELOPMENT | 3,948 | 395 | 3,752 |
| Description | Amount |
|---|---|
| TAX ADJUSTMENT - RECOVERED GRANT | 39,752 |
| DEFERRED FEDERAL NII EXCISE TAX | 103,586 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL NII EXCISE TAX PAYABLE | 7,253 | 0 |
| DEFERRED FEDRAL NII EXCISE TAX | 93,059 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT CUSTODIAN/CONSULTING/MANAGEMENT | 163,457 | 151,039 | 12,418 | |
| TECHNOLOGY SERVICES | 3,576 | 358 | 3,218 | |
| PAYROLL & RETIREMENT SERVICES | 1,162 | 116 | 1,046 | |
| INVESTMENT SERVICES | 3,000 | 3,000 | 0 | |
| OTHER CONSULTING SERVICES | 4,313 | 0 | 4,313 |
| Name | Address |
|---|---|
| WAKE FOREST UNIVERSITY BAPTIST MEDI |
MEDICAL CENTER BOULEVARD WINSTONSALEM,NC27157 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 17,604 | 1,760 | 15,844 | |
| FOREIGN INVESTMENT TAXES | 24,153 | 24,153 | 0 | |
| FEDERAL NII EXCISE TAX | 18,575 | 0 | 0 |