| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 975 | 475 | 500 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AMERICAN GROWTH FUND | AT COST | 37,185 | 47,690 |
| AMERICAN EUROPACIFIC GROWTH CLASS | AT COST | 23,866 | 24,345 |
| OAKMARK INTERNATIONAL CL I | AT COST | 25,832 | 23,525 |
| CONGRESS MID CAP GROWTH RETAIL | AT COST | 32,995 | 41,462 |
| WASATCH SMALL CAP GROWTH | AT COST | 29,135 | 33,240 |
| OPPENHEIMER DEV MARKETS CLASS I | AT COST | 5,082 | 6,172 |
| HARDING LOEVNER INST EMERGING | AT COST | 20,244 | 16,701 |
| FIDELITY 500 INDEX | AT COST | 40,854 | 37,480 |
| PNC INTERNATIONAL EQUITY FD INSTL | AT COST | 20,507 | 17,280 |
| JACKSON SQUARE SMID CAP GROWTH | AT COST | 16,683 | 14,032 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 2,663 | 2,663 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE OF MN FILING FEE | 25 | 0 | 25 | |
| FEDERAL EXCISE TAX | 604 | 0 | 0 | |
| FOREIGN TAX | 358 | 358 | 0 |