| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,802 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EQUITY INVESTMENTS | 27,589,509 | 36,534,636 |
| SOUTHERN BANKSHARES, INC. | 660,595 | 470,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 72 | 0 | 0 |
| Description | Amount |
|---|---|
| FEDERAL INCOME TAX | 11,104 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM SOUTHERN BANKSHARES K-1 | 87,559 | 87,559 | 87,559 |
| OTHER SYNOVUS INCOME | 216 | 216 | 216 |
| Description | Amount |
|---|---|
| BOOK TO MARKET DIFFERENCES | 71,248 |
| NONTAXABLE INCOME | 27,238 |
| PARTNERSHIP DISTRIBUTIONS | 35,250 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL TAX LIABILITIES | 36,331 | 612 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SYNOVUS INVESTMENT MANAGEMENT FEES | 66,666 | 66,666 | 0 | |
| MERRILL LYNCH INVESTMENT MANAGEMENT FEES | 66,640 | 66,640 | 0 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT FEES | 45,679 | 45,679 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 9,761 | 9,761 | 0 | |
| PAYROLL TAXES PAID | 11,475 | 3,825 | 0 | |
| AD VALOREM TAXES | 7,765 | 0 | 0 |