| 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 Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABS | 1,540 | 1,752 |
| AIR PRODS & CHEM INC | 1,425 | 1,366 |
| ALEXANDRIA REAL ESTATE EQUITIE | 3,651 | 3,921 |
| ALPHABET INC CL A | 3,370 | 5,258 |
| AMAZON COM | 26,914 | 74,909 |
| AMERICAN TOWER REIT INC | 14,593 | 16,386 |
| ANTHEM INC | 1,424 | 1,605 |
| APPLE HOSPITALITY REIT INC | 1,274 | 1,833 |
| APPLE INC | 1,311 | 1,592 |
| ASML HOLDING NV NY REG SHS | 1,304 | 2,439 |
| ASTRAZENECA | 1,905 | 2,000 |
| AVALONBAY CMNTYS INC | 5,088 | 4,813 |
| BAKER HUGHES COMPANY | 1,261 | 1,209 |
| BLACKROCK INC | 2,206 | 3,608 |
| BOSTON PPTYS INC | 4,336 | 3,970 |
| BRIXMOR PPTY GROUP INC COM | 2,325 | 2,532 |
| BROADCOM INC | 6,675 | 10,508 |
| CAPITAL ONE FINANCIAL CORP | 2,343 | 2,669 |
| CATERPILLAR INC | 1,552 | 2,002 |
| CHEVRON CORP | 2,990 | 2,449 |
| CHUBB LIMITED | 2,531 | 2,924 |
| CIGNA CORPORATION | 1,478 | 1,665 |
| CITIGROUP INC | 1,744 | 1,788 |
| CME GROUP, INC | 3,809 | 3,823 |
| CMS ENERGY CP | 2,168 | 2,440 |
| COLUMBIA PROPERTY TRUST INC | 1,128 | 1,133 |
| COMCAST CORP | 6,300 | 8,698 |
| CONAGRA FOODS INC | 1,239 | 1,233 |
| CORESITE REALTY CORPORATION | 1,709 | 1,754 |
| COSTCO WHOLESALE CORPORATION | 1,086 | 1,884 |
| CROWN CASTLE INTL | 8,652 | 9,233 |
| CSX CORP | 2,341 | 2,904 |
| CUBESMART | 871 | 1,109 |
| CVS CAREMARK CORP | 2,244 | 2,459 |
| DIAMONDROCK HOSP CO | 1,444 | 1,444 |
| DIGITAL RLTY TR INC | 3,891 | 4,185 |
| DISCOVER FINL SVCS COM | 1,525 | 1,720 |
| DOW INC | 2,509 | 2,720 |
| DUKE REALTY CORPORATION | 4,233 | 4,637 |
| ENBRIDGE INC | 3,523 | 3,295 |
| EQUINIX, INC | 3,887 | 4,285 |
| EQUITY LIFESTYLE PRP | 633 | 634 |
| EQUITY RESIDENTIAL PPTYS TR | 2,687 | 2,253 |
| ESSENTIAL PROPERTIES REALTY TR | 1,081 | 1,314 |
| EXTRA SPACE STORAGE | 3,296 | 3,708 |
| FACEBOOK INC | 51,491 | 78,396 |
| GENERAL MOTORS | 2,019 | 2,249 |
| GILEAD SCIENCES INC | 2,365 | 1,864 |
| HIGHWOODS PRPTY INC | 1,364 | 1,387 |
| HILTON WORLDWIDE HOLDINGS, INC | 1,055 | 1,113 |
| HOME BANCSHARES INC | 63,536 | 77,764 |
| HOME DEPOT INC | 3,222 | 4,250 |
| HONEYWELL INTL | 2,686 | 4,041 |
| HORMEL FOODS CP | 1,107 | 1,212 |
| HOST HOTELS & RESORTS INC | 1,470 | 1,522 |
| HUMANA INC | 2,483 | 3,282 |
| INTEL CORP | 3,497 | 3,537 |
| INTERCONTINENTAL EXCHANGE, INC | 1,520 | 1,845 |
| INVITATION HOMES INC. | 4,519 | 5,346 |
| JBG SMITH PROPERTIES | 1,214 | 1,188 |
| JOHNSON & JOHNSON | 3,809 | 4,407 |
| JP MORGAN CHASE | 2,123 | 4,066 |
| KILROY REALTY CP | 1,158 | 1,033 |
| LIFE STORAGE, INC | 734 | 836 |
| LINDE PLC COM | 1,393 | 2,108 |
| LOCKHEED MARTIN CORP | 2,506 | 2,840 |
| LYONDELLBASELL INDUSTRIES NV | 1,497 | 2,200 |
| MARRIOTT INTERNATIONAL INC. CL | 1,128 | 1,187 |
| MARSH AND MCLENNAN COMPANIES I | 3,532 | 4,446 |
| MERCK & CO INC | 2,392 | 2,618 |
| MICROSOFT CORP | 5,372 | 10,676 |
| NATIONAL RETAIL PROPERTIES INC | 805 | 1,023 |
| NESTLE S.A | 2,737 | 3,534 |
| NETSTREIT | 324 | 351 |
| NORFOLK SOUTHERN CORP | 1,452 | 1,901 |
| NORTHROP GRUMMAN CORP | 3,848 | 3,961 |
| NUCOR CP | 1,108 | 1,277 |
| OMEGA HEALTHCARE INV | 2,250 | 2,688 |
| PFIZER INC | 3,396 | 3,828 |
| PIONEER NAT RES CO | 2,012 | 1,936 |
| PNC FINANCIAL GROUP INC | 3,902 | 4,470 |
| POTLATCH CORP | 684 | 750 |
| PROLOGIS | 6,667 | 6,877 |
| QTS REALTY TRUST | 1,458 | 1,547 |
| REALTY INCOME CORP | 1,199 | 1,181 |
| REGENCY CENTERS CORP | 2,049 | 2,371 |
| RETAIL OPPORTUNITY INVESTMENTS | 739 | 1,004 |
| REXFORD INDUSTRIAL REALTY INC | 3,615 | 3,831 |
| RLJ LODGING TRUST | 1,357 | 1,429 |
| SBA COMMUNICATIONS CORP | 4,393 | 4,232 |
| SEMPRA ENERGY COM | 1,558 | 1,656 |
| SITE CENTERS CORP | 862 | 840 |
| SPDR S&P 500 ETF TRUST | 199,359 | 202,268 |
| SUN COMMUNITIES INC | 1,787 | 1,975 |
| SUNSTONE HOTEL INVESTORS, INC | 1,382 | 1,462 |
| THE COCA-COLA CO | 1,900 | 2,303 |
| TRUIST FINANCIAL CORPORATION | 1,418 | 1,773 |
| UDR INC | 6,130 | 5,957 |
| UNION PACIFIC | 1,480 | 2,707 |
| UNITEDHEALTH GROUP INC | 5,050 | 6,663 |
| URBAN EDGE PROPERTIES | 890 | 828 |
| USD CYRUSONE INC | 2,177 | 2,268 |
| V F CORP | 1,144 | 1,196 |
| VENTAS INC | 3,062 | 3,090 |
| VEREIT INC COM | 1,814 | 1,474 |
| VERIZON COMMUNICATIONS | 2,715 | 3,114 |
| VICI PROPERTIES INC | 768 | 893 |
| VISA INC | 2,963 | 4,156 |
| VORNADO RLTY TR | 1,316 | 1,232 |
| WELLTOWER INC. | 3,732 | 3,683 |
| WEYERHAEUSER CO | 2,851 | 4,426 |
| XCEL ENERGY INC | 1,645 | 1,733 |
| XENIA HOTELS AND RESORTS INC | 864 | 882 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 5,000 | 5,000 | ||
| Bank Charges | 2 | 2 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 2,584 | 2,584 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2020 | 900 | |||
| 990-PF Excise Tax for 2019 | 116 | |||
| Foreign Tax Paid | 63 | 63 |