| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,850 | 0 | 1,850 | |
| ADMINISTRATIVE EXPENSE | 19,640 | 8,462 | 11,178 | |
| MANAGEMENT FEES | 2,876 | 2,876 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MEDTRONIC PLC | 33,452 | 41,819 |
| CORNING INCORPORATED | 5,053 | 7,200 |
| MICROSOFT CORPORATION | 3,274 | 14,235 |
| LILLY ELI & COMPANY | 7,209 | 17,391 |
| CONOCOPHILLIPS | 23,760 | 20,475 |
| GENERAL DYNAMICS CORP | 25,583 | 22,472 |
| WALGREENS BOOT ALLIANCE | 38,724 | 23,370 |
| TRAVELERS COMPANIES INCORPORATED | 17,134 | 23,723 |
| ALTRIA GROUP INCORPORATED | 24,398 | 23,821 |
| HEALTHPEAK (HCP) | 27,977 | 25,303 |
| MASTERCARD INC | 23,934 | 25,700 |
| CITIGROUP INC | 33,404 | 26,945 |
| LOWES CO INC | 14,890 | 27,608 |
| NEUROCRINE BIOSCIENCES | 28,770 | 27,892 |
| DIAGEO PLC SPON ADR | 19,635 | 27,951 |
| ROYAL DUTCH SHELL PLC SPON ADR B | 27,403 | 28,628 |
| RAYTHEON COMPANY COM | 15,691 | 28,676 |
| FORTINET INC | 23,104 | 28,815 |
| DOW INCORPORATED | 27,443 | 28,860 |
| BOSTON SCIENTIFIC CORP | 30,022 | 29,263 |
| DUKE ENERGY SCHAFFER CULLEN | 27,725 | 29,482 |
| EXXON MOBIL | 56,278 | 29,802 |
| INTEL CORPORATION | 24,854 | 30,041 |
| KIMBERLY CLARK CORPORATION | 19,868 | 30,606 |
| WELLTOWER INCORPORATED | 29,180 | 31,018 |
| GENUINE PARTS COMPANY | 25,365 | 32,539 |
| 3M COMPANY | 22,214 | 34,259 |
| MERCK & COMPANY | 23,451 | 34,356 |
| AT&T INCORPORATED | 42,665 | 35,346 |
| BROADCOM INC | 28,254 | 36,342 |
| CISCO SYSTEMS | 20,760 | 36,516 |
| UNILEVER N V N Y SHS | 25,511 | 36,578 |
| PFIZER INCORPORATED | 30,639 | 36,957 |
| GODADDY INC | 36,966 | 39,235 |
| TRUIST FINL CORP - SUNTRUST BANK | 43,060 | 39,542 |
| BANK OF AMERICA CORP | 38,319 | 39,888 |
| PHILIP MORRIS INTERNATIONAL | 42,290 | 40,650 |
| CHEVRON CORPORATION | 53,276 | 41,296 |
| MONSTER BEVERAGE CORPORATION | 30,819 | 41,524 |
| BCE INCORPORATED COM | 41,929 | 41,532 |
| NOVARTIS A G SPONSORED | 29,903 | 41,549 |
| ZOETIS INCORPORATED CLASS A | 32,872 | 42,699 |
| UNITEDHEALTH GROUP | 36,162 | 43,134 |
| AON PLC SHS | 38,761 | 43,310 |
| SIEMENS A G SPONSORED ADR | 37,908 | 43,353 |
| GLOBAL PMTS INCORPORATED | 37,043 | 43,515 |
| CHUBB LIMITED | 32,124 | 44,021 |
| TARGET | 21,083 | 47,310 |
| MORGAN STANLEY COM NEW | 27,554 | 47,354 |
| JOHNSON CONTROLS | 43,219 | 48,640 |
| AUTOMATIC DATA PROCESSING | 48,317 | 49,160 |
| JOHNSON & JOHNSON | 26,982 | 49,260 |
| BURLINGTON STORES | 38,813 | 50,741 |
| NEXTERA ENERGY INCORPORATED | 13,471 | 52,771 |
| JPMORGAN CHASE & COMPANY | 27,332 | 53,115 |
| SIRIUS XM | 62,204 | 60,490 |
| EPAM SYSTEMS INCORPORATED | 40,113 | 66,653 |
| INTUIT | 54,684 | 76,730 |
| VISA INCORPORATED COM CLASS A | 86,287 | 102,147 |
| GREENSPRING SECONDARY FUND | 106,000 | 118,136 |
| ALIBABA GRP | 103,228 | 127,303 |
| TENCENT HLDGS | 84,684 | 138,857 |
| AMAZON | 81,048 | 143,305 |
| ADOBE INC | 94,028 | 149,536 |
| PAYPAL HLDGS INCORPORATED | 70,868 | 151,293 |
| FACEBOOK INCORPORATED | 117,793 | 151,877 |
| ALPHBET INC | 128,086 | 170,006 |
| MICROSOFT CORPORATION | 133,938 | 199,733 |
| P2 CAPITAL FUND | 250,000 | 234,258 |
| GOLDMAN SACHS MIDDLE MKT | 192,695 | 281,306 |
| THIRD POINT OFFSHORE | 250,000 | 300,319 |
| DB PRIVATE EQ GLOBAL FUND VII | 322,600 | 372,171 |
| WEYERHAEUSER | 9,207 | 481,960 |
| DUKE ENERGY | 53,997 | 498,636 |
| ISHARES TR MSCI EMERGING | 397,862 | 601,956 |
| MARSHALL WACE EUREKA FUND PLC | 500,000 | 703,604 |
| PIMCO TOTAL RETURN FND INST'L | 1,000,000 | 1,039,216 |
| BLACKROCK STRATEGIC INCOME OPP | 971,596 | 1,049,515 |
| THORNBURG LTD TERM INCOME INST. | 998,773 | 1,054,635 |
| IVA INTERNATIONAL FUND CLASSONE | 1,230,168 | 1,362,868 |
| ISHARES TR CORE MSCI EAFE | 1,322,823 | 1,519,980 |
| VANGARD INTNT'L GROWTH | 1,418,642 | 2,031,938 |
| ISHARES CR CORE MSCI | 1,613,464 | 2,055,260 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MED PROPERTIES PARTNERSHIP INVESTMENT II | AT COST | 92,414 | 206,508 |
| AZALEA CAPITAL PARTNERS | AT COST | 151,537 | 56,786 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID TAXES | 2,137 | 3,269 | 3,269 |
| STATE TAX REFUND RECEIVABLE | 685 | 685 | 685 |
| STATE TAX WITHHELD | 0 | 740 | 740 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WEB HOSTING FEE | 719 | 0 | 719 | |
| POSTAGE | 322 | 0 | 322 | |
| OFFICE SUPPLIES | 175 | 105 | 70 | |
| SUBSCRIPTION - GRANT MANAGEMENT | 6,661 | 0 | 6,661 | |
| DUES & SUBSCRIPTIONS - OTHER | 750 | 0 | 750 | |
| INVESTMENT EXPENSES FROM K-1S | 9,366 | 9,366 | 0 | |
| BOARD BOOK SUPPLIES | 135 | 135 | 0 | |
| INVESTMENT INTEREST EXPENSE | 343 | 343 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PIONEER NATURAL RESRC PROPERTY ROYALTIES | 41 | 41 | 41 |
| Description | Amount |
|---|---|
| PRIOR PERIOD TAX ACCRUALS | 48 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ESTIMATED TAX PAYMENT DUE | 7,205 | 7,100 |
| UNCLEARED CHECKS TO REISSUE | 0 | 500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GRANT MANAGEMENT FEES | 19,020 | 0 | 19,020 | |
| INVESTMENT FEES | 44,799 | 44,799 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 8,713 | 0 | 0 | |
| FOREIGN TAX | 1,159 | 1,159 | 0 | |
| TAX EXPENSE | 1,444 | 0 | 0 |