| 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 |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC COM | 99,377 | 99,377 |
| ALCOA INC | 102,140 | 102,140 |
| APPLE INC | 98,348 | 98,348 |
| BLACKROCK INC | 51,042 | 51,042 |
| BMO HARRIS BANK NA IL US | 203,314 | 203,314 |
| CAMPBELL SOUP CO BE | 47,874 | 47,874 |
| EBAY INC NTS BE | 49,444 | 49,444 |
| FEDERAL RLTY INV TR | 51,565 | 51,565 |
| FHLMC PL | 1,838 | 1,838 |
| GENERAL ELEC CAP CORP | 96,549 | 96,549 |
| GENL ELEC CAP CORP NTS | 37,441 | 37,441 |
| GENL MOTORS FINL CO INC | 49,848 | 49,848 |
| GOLDMAN SACHS GROUP INC | 49,648 | 49,648 |
| JOHNSON & JOHNSON COM | 102,135 | 102,135 |
| JPMORGAN CHASE & CO | 51,988 | 51,988 |
| JPMORGAN CHASE & CO | 101,871 | 101,871 |
| KINDER MORGAN ENER PART | 98,304 | 98,304 |
| MURPHY OIL CORP BE | 47,261 | 47,261 |
| NEWELL BRANDS INC | 100,497 | 100,497 |
| NEXTERA ENERGY INC COM | 91,600 | 91,600 |
| SOUTHERN POWER CO BE | 99,441 | 99,441 |
| SYMANTEC CORP BE | 96,347 | 96,347 |
| VERIZON COMMUNICATIONS | 80,964 | 80,964 |
| WELLS FARGO & CO NTS BE | 65,812 | 65,812 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 50,112 | 50,112 |
| ABBOTT LABS | 64,735 | 64,735 |
| ABBVIE INC COM | 54,945 | 54,945 |
| ACCENTURE PLC IRELAND CL | 109,988 | 109,988 |
| AIR PROD & CHEMICAL | 53,137 | 53,137 |
| ALEXANDRIA REAL ESTATE | 12,792 | 12,792 |
| ALLSTATE CORP | 55,693 | 55,693 |
| ALLY FINANCIAL INC | 44,844 | 44,844 |
| ALPHABET INC CL C | 20,712 | 20,712 |
| ALTRIA GROUP INC | 100,163 | 100,163 |
| AMAZON.COM INC | 36,047 | 36,047 |
| AMDOCS LTD | 9,021 | 9,021 |
| AMERICAN AIRLS GROUP INC | 28,128 | 28,128 |
| AMERICAN HOMES 4 RENT CL A | 5,201 | 5,201 |
| AMERICAN INTL GROUP INC COM | 12,887 | 12,887 |
| AMERICAN TOWER CORP REIT | 28,474 | 28,474 |
| AMERIPISE FINANCIAL INC | 103,848 | 103,848 |
| AMGEN INC | 139,384 | 139,384 |
| ANADARKO PETROLEUM CORP | 82,814 | 82,814 |
| AON PLC | 55,091 | 55,091 |
| APARTMENT INVT & MGMT CO CLA | 10,049 | 10,049 |
| APPLE INC | 123,826 | 123,826 |
| AVALONBAY COMMUNITIES INC SBI | 18,449 | 18,449 |
| BANK OF AMERICA | 52,902 | 52,902 |
| BAXTER INTL INC | 47,588 | 47,588 |
| BB&T CORP | 116,877 | 116,877 |
| BECTON DICKINSON & CO | 34,023 | 34,023 |
| BEST BUY CO INC | 39,349 | 39,349 |
| BLACKROCK INC | 56,566 | 56,566 |
| BOEING COMPANY | 40,635 | 40,635 |
| BOSTON PROPERTIES INC | 5,177 | 5,177 |
| BP PLC SPON ADR | 40,688 | 40,688 |
| BROADCOM LTD | 51,365 | 51,365 |
| BROADRIDGE FINANCIAL SOLUTIONS | 72,861 | 72,861 |
| CARDINAL HEALTH INC | 4,371 | 4,371 |
| CDK GLOBAL INC COM | 24,132 | 24,132 |
| CDW CORP | 47,252 | 47,252 |
| CHARTER COMMUNICATIONS INC NEW | 15,103 | 15,103 |
| CHENIERE ENERGY INC | 54,573 | 54,573 |
| CHEVRON CORP | 16,645 | 16,645 |
| CHUBB LTD CHF | 56,710 | 56,710 |
| CIGNA CORP | 39,124 | 39,124 |
| CINTAS CORP | 56,781 | 56,781 |
| CISCO SYSTEMS INC | 218,383 | 218,383 |
| CITIGROUP INC | 148,475 | 148,475 |
| CITRIX SYSTEMS INC | 90,267 | 90,267 |
| COMCAST CORP NEW CL A | 130,582 | 130,582 |
| COMERICA INC | 12,982 | 12,982 |
| CONAGRA BRANDS,INC | 50,965 | 50,965 |
| CONOCOPHILLIPS | 51,127 | 51,127 |
| CONSTELLATION BRANDS INC CL A | 35,380 | 35,380 |
| CONSUMERS STAPLES SELECT SECTO | 41,792 | 41,792 |
| CORNING INC | 55,466 | 55,466 |
| CORPORATE OFFICE PPTYS NEW SBI | 1,388 | 1,388 |
| CROWN CASTLE INTL CORP REIT | 25,854 | 25,854 |
| CSX CORPORATION | 10,438 | 10,438 |
| CUBESMART SBI | 4,648 | 4,648 |
| DANAHER CORP | 42,485 | 42,485 |
| DAVITA INC | 12,350 | 12,350 |
| DELTA AIR LINES INC DELA NEW | 25,898 | 25,898 |
| DIAGEO PLC NEW GB SPON ADR | 22,121 | 22,121 |
| DISCOVER BANK | 9,142 | 9,142 |
| DOVER CORP | 16,744 | 16,744 |
| DOWDUPONT INC | 46,742 | 46,742 |
| DUKE ENERGY CORP NEW | 64,294 | 64,294 |
| DUKE REALTY CORP NEW REITS | 4,558 | 4,558 |
| DXC TECHNOLOGY CO | 19,301 | 19,301 |
| EATON CORP LLC | 83,903 | 83,903 |
| EDWARDS LIFESCIENCES CORP | 49,933 | 49,933 |
| EOG RESOURCES INC | 59,041 | 59,041 |
| EPR PROPERTIES REIT | 6,595 | 6,595 |
| EQUINIX INC REIT | 19,743 | 19,743 |
| EQUITY LIFESTYLE PROPERTIES | 4,857 | 4,857 |
| EQUITY RESIDENTIAL SBI | 3,763 | 3,763 |
| ESSEX PROPERTY TRUST INC | 14,467 | 14,467 |
| EXTENDED STAY AMER INC | 3,348 | 3,348 |
| EXTRA SPACE STORAGE INC REIT | 10,586 | 10,586 |
| EXXON MOBIL CORP | 19,434 | 19,434 |
| FIDELITY NATL INFORMATION SVCS | 52,711 | 52,711 |
| FIFTH THRID BANCORP | 88,190 | 88,190 |
| FIRST INDL REALTY TRUST INC | 2,482 | 2,482 |
| FISERV INC | 43,580 | 43,580 |
| FRANKLIN RESOURCES INC | 20,851 | 20,851 |
| GENL MILLS INC | 30,062 | 30,062 |
| GILEAD SCIENCES INC | 17,952 | 17,952 |
| GOLDMAN SACHS GROUP INC | 59,971 | 59,971 |
| HARTFORD FINCL SERVICES GROUP | 22,136 | 22,136 |
| HCP INC | 3,268 | 3,268 |
| HD SUPPLY HLDGS INC | 35,982 | 35,982 |
| HEALTH CARE SELECT SECTOR | 108,657 | 108,657 |
| HEALTHCARE TR AMER INC NEW | 8,378 | 8,378 |
| HILTON GRAND VACATIONS INC | 2,903 | 2,903 |
| HILTON WORLDWIDE HOLDINGS INC | 7,180 | 7,180 |
| HOME DEPOT INC | 127,147 | 127,147 |
| HONEYWELL INTL INC | 127,628 | 127,628 |
| HUDSON OAC PPTYS INC COM | 3,574 | 3,574 |
| HUNTINGTON BANCSHARES | 36,380 | 36,380 |
| ILLINOIS TOOL WORKS INC | 51,436 | 51,436 |
| INGERSOLL-RAND PLC | 44,703 | 44,703 |
| INTERXION HOLDINGS NV EUR | 5,633 | 5,633 |
| INTL BUSINESS MACH | 19,779 | 19,779 |
| INVITATION HOMES INC REIT | 12,068 | 12,068 |
| JOHNSON & JOHNSON COM | 31,101 | 31,101 |
| JOHNSON & JOHNSON COM | 96,529 | 96,529 |
| JOHNSON CTLS INTL PLC | 41,184 | 41,184 |
| JPMORGAN CHASE & CO | 245,905 | 245,905 |
| JUNIPER NETWORKS INC | 64,530 | 64,530 |
| KILROY REALTY CORP | 6,225 | 6,225 |
| KIMBERLY CLARK CORP | 41,246 | 41,246 |
| KOHLS CORP | 34,231 | 34,231 |
| KROGER COMPANY | 55,413 | 55,413 |
| LAUDER ESTEE COS CL A | 64,660 | 64,660 |
| LEAR CORP COM NEW | 22,238 | 22,238 |
| LIBERTY PROPERTY TRUST | 3,434 | 3,434 |
| LILLY ELI & CO | 14,812 | 14,812 |
| LOCKHEED MARTIN CORP | 142,441 | 142,441 |
| MARATHON PETROLEUM CO | 101,143 | 101,143 |
| MARKETAXESS HOLDING INC | 48,601 | 48,601 |
| MARRIOTT INTL INC NEW | 35,065 | 35,065 |
| MARSH & MCLENNAN COS INC | 64,598 | 64,598 |
| MC CORMICK & CO NV | 29,380 | 29,380 |
| MCKESSON CORP | 22,646 | 22,646 |
| MEDTRONIC INC | 158,634 | 158,634 |
| MERCK & CO INC NEW COM | 72,055 | 72,055 |
| METLIFE INC | 126,136 | 126,136 |
| MICROSOFT CORP | 160,582 | 160,582 |
| MONDELEZ INTL INC | 11,889 | 11,889 |
| MOODYS CORP | 10,923 | 10,923 |
| NASDAQ INC | 31,486 | 31,486 |
| NESTLE S A SPONSORED ADR | 49,952 | 49,952 |
| NEXTERA ENERGY INC COM | 98,556 | 98,556 |
| NORTHGROUP GRUMMAN CORP | 56,327 | 56,327 |
| NVIDIA CORP | 12,549 | 12,549 |
| PARK HOTELS & RESORTS INC REIT | 38,710 | 38,710 |
| PAYPAL HOLDINGS INC | 22,536 | 22,536 |
| PEPSICO INC | 102,084 | 102,084 |
| PFIZER INC | 73,070 | 73,070 |
| PHILIP MORRIS INTL INC | 66,960 | 66,960 |
| PHILLIPS 66 | 69,006 | 69,006 |
| PHYSICIANS REALTY TRUST | 2,869 | 2,869 |
| PNC FINANCIAL SERVICES GROUP | 103,699 | 103,699 |
| PPG INDUSTRIES INC | 68,494 | 68,494 |
| PROCTOR AND GAMBLE CO | 75,374 | 75,374 |
| PROLOGIS INC COM | 21,257 | 21,257 |
| PUBLIC STORAGE REIT | 5,465 | 5,465 |
| PULTE GROUP INC | 31,708 | 31,708 |
| QUALCOMM INC | 5,919 | 5,919 |
| RED HAT INC | 25,995 | 25,995 |
| REGENCY CENTERS CORP | 10,093 | 10,093 |
| REGIONS FINANCIAL CORP | 38,815 | 38,815 |
| ROCHE HLDG LTD SPONS ADR | 25,672 | 25,672 |
| SALESFORCE.COM INC | 45,885 | 45,885 |
| SAUL CENTERS INC | 1,275 | 1,275 |
| SCHLUMBERGER LTD NETHERLANDS | 30,560 | 30,560 |
| SEAGATE TECHNOLOGY PLC | 45,613 | 45,613 |
| SEALED AIR CORP NEW | 52,016 | 52,016 |
| SEMPRA ENERGY | 32,241 | 32,241 |
| SIMON PPTY GROUP INC SBI | 17,639 | 17,639 |
| SPIRIT AEROSYSTEMS HOLDINGS | 40,154 | 40,154 |
| SPIRIT RLTY CAP INC | 5,217 | 5,217 |
| STARBUCKS CORP | 110,768 | 110,768 |
| STATE STREET CORP | 47,176 | 47,176 |
| STORE CAP CORP REIT | 8,691 | 8,691 |
| STRYKER CORP | 26,177 | 26,177 |
| SUN COMMUNITIES INC | 8,239 | 8,239 |
| SUNSTONE HOTEL INVESTORS INC | 5,074 | 5,074 |
| SYNCHRONY FINL | 28,809 | 28,809 |
| SYSCO CORP | 32,019 | 32,019 |
| TANGER FACTORY OUTLET | 1,982 | 1,982 |
| TARGA RESOURCES PARTNERS LP | 33,319 | 33,319 |
| TAUBMAN CENTERS INC | 2,229 | 2,229 |
| TECHNOLOGY SELECT SECTOR SPDR | 60,802 | 60,802 |
| TERRENO RLTY CORP | 2,286 | 2,286 |
| TEXAS INSTRUMENTS | 139,482 | 139,482 |
| TEXTRON INC | 20,696 | 20,696 |
| THERMO RISHER SCIENTIFIC INC | 28,869 | 28,869 |
| TRAVELERS COS INC/THE | 42,990 | 42,990 |
| UNION PACIFIC CORP | 101,461 | 101,461 |
| UNITED CONTL HLDGS | 40,107 | 40,107 |
| UNITEDHEALTH GROUP INC | 56,301 | 56,301 |
| US BANCORP DEL | 56,531 | 56,531 |
| VALERO ENERGY CORP NEW | 36,061 | 36,061 |
| VERISK ANALYTICS INC | 21,590 | 21,590 |
| VICI PROPERTIES INC REIT | 1,690 | 1,690 |
| VISA INC A | 22,430 | 22,430 |
| VORNADO REALTY TRUST | 2,419 | 2,419 |
| VOYA FINL INC COM | 65,990 | 65,990 |
| WALGREENS BOOTS ALLIANCE | 31,022 | 31,022 |
| WALT DISNEY CO | 87,939 | 87,939 |
| WELLS FARGO & CO NEW | 76,539 | 76,539 |
| WELLTOWER INC REIT | 14,923 | 14,923 |
| WESTERN UNION CO | 51,248 | 51,248 |
| WEYERHAEUSER CO | 1,793 | 1,793 |
| XCEL ENERGY INC | 44,491 | 44,491 |
| YUM BRANDS INC | 69,675 | 69,675 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| paintings and art work | 6,700,300 | 5,790,217 | 5,790,217 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| insurance | 10,378 | 10,378 | ||
| appraisal | 8,000 | 8,000 | ||
| office expense | 7,580 | 7,580 | ||
| ADP Fees | 1,359 | 136 | 1,223 | |
| WAREHOUSE | 10,100 | 10,100 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/(LOSS) ON SECURITIES | -1,636,566 |
| INCREASE/(DECREASE) IN VALUE OF ARTWORK | -965,083 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 140,477 | 140,477 | ||
| OTHER PROFESSIONAL FEES | 52,307 | 52,307 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| New York State Corporate Tax | 1,000 | |||
| Payroll taxes | 15,300 | 1,530 | 13,770 |