| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX | 123,171 | 12,847 | 12,847 | 108,897 |
| AUDIT | 40,000 | 0 | 0 | 33,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SMITH BARNEY | 1,986,535 | 1,986,535 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HS MANAGEMENT | 5,210,461 | 5,210,461 |
| SMITH BARNEY |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VESSEY STREET FUND III,L.P. | FMV | 120,423 | 120,423 |
| NEW ENTERPRISE ASSOCIATES 12 LP | FMV | 146,861 | 146,861 |
| THE COLCHESTER GLOBAL BOND FUND | FMV | 3,692,208 | 3,692,208 |
| WARBURG PINCUS 3285 | FMV | 393,877 | 393,877 |
| COMMONFUND PRIVATE EQUITY PARTNERS,LP | FMV | 30,501 | 30,501 |
| COMMONFUND VENTURE PARTNERS, LP | FMV | 25,476 | 25,476 |
| FARALLON INVESTMENTS | FMV | 71,221 | 71,221 |
| SILCHESTER TOBACCO FREE INT'L TRUST | FMV | 7,041,745 | 7,041,745 |
| WARBURG PINCUS 3640 | FMV | 60,494 | 60,494 |
| REGIMENT | FMV | 35,400 | 35,400 |
| ABERDEEN | FMV | 1,073,487 | 1,073,487 |
| WESTWOOD CAPITAL | FMV | 4,617,084 | 4,617,084 |
| RCP FUND | FMV | 984,291 | 984,291 |
| LONE CASCADE | FMV | 2,749,993 | 2,749,993 |
| ABRAMS | FMV | 3,295,870 | 3,295,870 |
| CANYON VALUE | FMV | 3,171,405 | 3,171,405 |
| NEW ENTERPRISE ASSOCIATES 14LP | FMV | 1,877,819 | 1,877,819 |
| WP XI PARTNERS | FMV | 1,879,753 | 1,879,753 |
| CLAYTON DUBLIER | FMV | 2,492,958 | 2,492,958 |
| LANDSDOWNE | FMV | 2,839,364 | 2,839,364 |
| LONE SAVIN | FMV | 1,178,896 | 1,178,896 |
| DEERFIELD | FMV | 849,952 | 849,952 |
| HIGHBROOK | FMV | 1,576,035 | 1,576,035 |
| LANDSDOWNE LONG | FMV | 1,016,592 | 1,016,592 |
| TIGER GLOBAL VII | FMV | 1,077,516 | 1,077,516 |
| TIGER GLOBAL IX | FMV | 1,291,611 | 1,291,611 |
| WP ENERGY | FMV | 712,368 | 712,368 |
| AURELIUS CAPITAL | FMV | 2,111,280 | 2,111,280 |
| CEVIAN CAPITAL | FMV | 3,259,750 | 3,259,750 |
| FOUR RIVERS | FMV | 601,825 | 601,825 |
| NEA 15 | FMV | 1,216,711 | 1,216,711 |
| PERMIAN FUND | FMV | ||
| WP XII PARTNERS | FMV | 1,177,820 | 1,177,820 |
| BERKSHIRE | FMV | 389,681 | 389,681 |
| FOUR RIVERS IV | FMV | 388,430 | 388,430 |
| MARBLE RIDGE | FMV | 3,032,131 | 3,032,131 |
| NEA 16 | FMV | 297,357 | 297,357 |
| NIPPON | FMV | 1,702,587 | 1,702,587 |
| BAIN CAPITAL | FMV | 1,499 | 1,499 |
| VENROCK | FMV | 483,978 | 483,978 |
| BBH FUNDS | FMV | 3,214,538 | 3,214,538 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 52,204 | 50,010 | 2,194 | 2,194 |
| Machinery and Equipment | 83,311 | 81,557 | 1,754 | 1,754 |
| Improvements | 20,401 | 13,226 | 7,175 | 7,175 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GENERAL & ADMINISTRATIVE | 8,526 | 0 | 0 | 11,022 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Security Deposit | 61,877 | 61,877 | 61,877 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | 6,507,976 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 120,931 | 66 | 66 | 120,914 |
| EQUIPMENT RENTAL AND MAINT. | 20,426 | 2,173 | 2,173 | 21,344 |
| INSURANCE | 24,786 | 20,991 | ||
| K1 INVESTMENT EXPENSES | 786,815 | 717,619 | 717,619 | |
| MEDICAL RESEARCH | 510,123 | 516,577 | ||
| Miscellaneous | 43,308 | 132 | 132 | 43,527 |
| OFFICE SUPPLIES & OTHER EXP | 3,558 | 790 | 790 | 4,093 |
| POSTAGE & DELIVERY | 18,509 | 93 | 93 | 24,315 |
| PROGRAM EXPENSE | 96,040 | 82,793 | ||
| STORAGE | 8,001 | 883 | 883 | 5,495 |
| TELEPHONE | 14,942 | 1,617 | 1,617 | 13,849 |
| Website | 7,785 | 8,685 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 INVESTMENTS UBIT | 25,566 | ||
| Other Investment Income | 840,899 | 861,658 | 861,658 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED EXCISE TAX | 350,000 | 220,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 254,177 | 254,177 | 254,177 | 0 |
| OTHER PROGRAMS | 120,139 | 0 | 0 | 128,562 |
| PUBLIC RELATIONS | 112,957 | 0 | 0 | 112,957 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 97,155 | |||
| FOREIGN TAXES | 7,048 | 7,048 | 7,048 | |
| PAYROLL TAXES | 57,387 | 7,512 | 7,512 | 49,875 |