| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PKF-O'CONNOR DAVIES- AUDIT AND TAX PREPARATION | 32,150 | 0 | 32,150 | |
| OWEN J. FLANAGAN & COMPANY-BOOKKEEPING SERVICES | 39,000 | 19,500 | 19,500 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACTIVISION BLIZZARD 1.35% 09/15/2030 USD SR LIEN | 148,942 | 148,942 |
| BANK OF AMERICA CORPORATION HYBRID MTN 10/22/2030 USD SR LIEN CPN 10/22/19 2 | 272,245 | 272,245 |
| FHLB 2.125% 12/11/2026 | 617,210 | 617,210 |
| BOSTON SCIENTIFIC CORP 3.75% 03/01/2026 USD SER 7YR SR LIEN | 193,137 | 193,137 |
| CITIGROUP INC. HYBRID 11/05/2030 USD SR LIEN CPN 11/05/19 2.976% | 445,054 | 445,054 |
| ADVANCE AUTO PARTS, INC. 1.75% 10/01/2027 USD SR LIEN | 152,173 | 152,173 |
| COMCAST CORP 3.15% 03/01/2026 USD SR LIEN | 124,773 | 124,773 |
| VEREIT OPERATING PARTNERSHIP, 4.625% 11/01/2025 USD SR LIEN | 101,556 | 101,556 |
| HEWLETT PACKARD ENTERPRISE COM STEP 10/15/2025 SER WI SR LIEN M-W+45.00BP 4. | 91,197 | 91,197 |
| ALTRIA GROUP, INC. 4.4% 02/14/2026 USD SR LIEN | 87,926 | 87,926 |
| SYNCHRONY FINANCIAL 4.5% 07/23/2025 USD SR LIEN | 143,911 | 143,911 |
| DUKE ENERGY CORP 0.9% 09/15/2025 USD SR LIEN | 58,681 | 58,681 |
| WELLS FARGO & COMPANY HYBRID MTN 06/02/2028 USD SR LIEN CPN 06/02/20 2.393% | 276,607 | 276,607 |
| BANK OF AMERICA CORPORATION HYBRID MTN 02/13/2031 USD SR LIEN CPN 02/13/20 2 | 113,862 | 113,862 |
| BROADCOM INC. 4.7% 04/15/2025 USD SER WI SR LIEN | 101,406 | 101,406 |
| MITSUBISHI UFJ FINANCIAL GROUP 3.777% 03/02/2025 USD SR LIEN | 196,589 | 196,589 |
| SUMITOMO MITSUI FINANCIAL GROU 3.784% 03/09/2026 USD SR LIEN | 49,572 | 49,572 |
| XILINX INC 2.95% 06/01/2024 USD SR LIEN | 244,113 | 244,113 |
| B.A.T. INTERNATIONAL FINANCE P 1.668% 03/25/2026 USD SR LIEN | 19,789 | 19,789 |
| SUMITOMO MITSUI FINANCIAL GROU 2.348% 01/15/2025 USD SR LIEN | 285,340 | 285,340 |
| HEWLETT PACKARD ENTERPRISE COM STEP 10/15/2025 SER WI SR LIEN M-W+45.00BP 4. | 22,799 | 22,799 |
| PAYPAL HOLDINGS, INC. 2.4% 10/01/2024 USD SR LIEN | 36,730 | 36,730 |
| FEDERAL REALTY INVESTMEN 1.25% 02/15/2026 USD SR LIEN | 14,804 | 14,804 |
| SYNCHRONY FINANCIAL 4.5% 07/23/2025 USD SR LIEN | 33,210 | 33,210 |
| JPMORGAN CHASE & CO. HYBRID 05/06/2030 USD SR LIEN CPN 05/06/19 3.702% | 59,779 | 59,779 |
| SHELL INTERNATIONAL FIN 3.875% 11/13/2028 USD SR LIEN | 217,523 | 217,523 |
| AVALONBAY COMMUNITIES, INC. MTN 3.45% 06/01/2025 USD SR LIEN | 282,812 | 282,812 |
| JPMORGAN CHASE & CO. HYBRID 06/18/2022 SR LIEN CPN 06/18/18 3.514% | 110,726 | 110,726 |
| MITSUBISHI UFJ FINANCIAL GROUP 3.777% 03/02/2025 USD SR LIEN | 21,843 | 21,843 |
| BP CAP MARKETS AMERICA 3.119% 05/04/2026 USD SER * SR LIEN | 43,040 | 43,040 |
| FISERV, INC. 3.5% 10/01/2022 USD SR LIEN | 20,752 | 20,752 |
| NEXTERA ENERGY CAPITAL HOLDING 3.15% 04/01/2024 USD SR LIEN | 74,614 | 74,614 |
| AMERICAN TOWER CORPORATION 0.6% 01/15/2024 SR LIEN | 29,934 | 29,934 |
| VERIZON COMMUNICATIONS, INC. 0.75% 03/22/2024 SR LIEN | 15,015 | 15,015 |
| AT&T INC FRN 03/25/2024 SOFRRATE O/N +64.00BP SR LIEN CPN 03/23/21-06/24/21 | 15,018 | 15,018 |
| BANK OF MONTREAL MTN 3.1% 04/13/2021 SER D SR LIEN | 75,048 | 75,048 |
| VERIZON COMMUNICATIONS, INC. 0.75% 03/22/2024 SR LIEN | 70,071 | 70,071 |
| BANK OF MONTREAL MTN 3.1% 04/13/2021 SER D SR LIEN | 175,112 | 175,112 |
| AIR LEASE CORP 2.75% 01/15/2023 USD SR LIEN | 25,755 | 25,755 |
| ROYAL BK SCOTLND GRP PLC 6.0% 12/19/2023 USD SUB LIEN | 22,584 | 22,584 |
| FFCB 2.54% 04/05/2021 | 200,056 | 200,056 |
| EQUINIX, INC. 5.375% 05/15/2027 SR LIEN | 102,164 | 102,164 |
| CITIGROUP INC. HYBRID 01/29/2031 USD SR LIEN CPN 01/29/20 2.666% | 65,262 | 65,262 |
| KFW 2.625% 04/12/2021 SR LIEN | 150,074 | 150,074 |
| VEREIT OPERATING PARTNERSHIP, 4.625% 11/01/2025 USD SR LIEN | 33,852 | 33,852 |
| CVS HEALTH CORPORATION 3.7% 03/09/2023 USD SR LIEN | 9,551 | 9,551 |
| NOVARTIS CAPITAL CORPORATION 1.75% 02/14/2025 USD SR LIEN | 15,420 | 15,420 |
| KFW 2.625% 04/12/2021 SR LIEN | 300,147 | 300,147 |
| DUKE ENERGY CORPORATION 1.8% 09/01/2021 SR LIEN | 200,974 | 200,974 |
| SUNOCO LOGISTICS PARTNER 4.25% 04/01/2024 USD SR LIEN | 129,994 | 129,994 |
| UNITEDHEALTH GROUP INCORPORATE 3.85% 06/15/2028 USD SR LIEN | 196,347 | 196,347 |
| JOHNSON & JOHNSON 2.25% 03/03/2022 USD SR LIEN | 50,911 | 50,911 |
| FEDERAL HOME LOAN BANK SYSTEM 2.25% 06/11/2021 SER ZD-2021 SR LIEN | 251,063 | 251,063 |
| HONEYWELL INTERNATIONAL INC. 1.85% 11/01/2021 SR LIEN | 252,015 | 252,015 |
| GENERAL DYNAMICS CORP 3.0% 05/11/2021 SR LIEN | 175,485 | 175,485 |
| JPMORGAN CHASE & CO. HYBRID 04/01/2023 USD SR LIEN CPN 03/22/19 3.207% | 51,356 | 51,356 |
| ROPER INDUSTRIES, INC. 3.125% 11/15/2022 USD SR LIEN | 77,692 | 77,692 |
| TARGET CORPORATION 2.35% 02/15/2030 USD SR LIEN | 136,338 | 136,338 |
| ELI LILLY AND COMPANY 2.35% 05/15/2022 USD SR LIEN | 51,156 | 51,156 |
| AMGEN INC. 2.7% 05/01/2022 USD SR LIEN | 76,305 | 76,305 |
| BANK OF AMERICA CORPORATION HYBRID MTN 02/13/2026 USD SR LIEN CPN 02/13/20 2 | 76,791 | 76,791 |
| LLOYDS BANKING GROUP PLC HYBRID 06/15/2023 USD SR LIEN CPN 06/15/20 1.326% | 201,852 | 201,852 |
| ESTEE LAUDER COMPANIES INC. (T 2.0% 12/01/2024 USD SR LIEN | 52,052 | 52,052 |
| GENERAL DYNAMICS CORP 3.375% 05/15/2023 USD SR LIEN | 53,013 | 53,013 |
| BMW US CAPITAL LLC 3.45% 04/12/2023 USD PVT REGS SR LIEN | 52,738 | 52,738 |
| BIOGEN INC. 3.625% 09/15/2022 USD SR LIEN | 78,386 | 78,386 |
| WALMART INC. 3.4% 06/26/2023 USD SR LIEN | 53,327 | 53,327 |
| PEPSICO INC 2.25% 03/19/2025 USD SR LIEN | 68,425 | 68,425 |
| MORGAN STANLEY HYBRID MTN 07/22/2025 USD SR LIEN CPN 07/23/19 2.72% | 79,112 | 79,112 |
| BANK OF NEW YORK MELLON CORPOR MTN 2.1% 10/24/2024 USD SR LIEN | 78,900 | 78,900 |
| LABORATORY CORPORATION OF AMER 2.95% 12/01/2029 USD SR LIEN | 128,721 | 128,721 |
| BP CAP MARKETS AMERICA 3.245% 05/06/2022 USD SER * SR LIEN | 154,795 | 154,795 |
| HOME DEPOT, INC (THE) 2.95% 06/15/2029 USD SR LIEN | 264,887 | 264,887 |
| WELLS FARGO & COMPANY HYBRID MTN 02/11/2031 USD SR LIEN M-W+15.00BP CPN 02/1 | 241,829 | 241,829 |
| FEDERAL HOME LOAN BANK SYSTEM 2.5% 12/09/2022 SR LIEN | 155,843 | 155,843 |
| BANK OF NOVA SCOTIA (THE) 3.4% 02/11/2024 USD SR LIEN | 107,372 | 107,372 |
| CHARLES SCHWAB CORPORATION (TH 4.625% 03/22/2030 USD SR LIEN | 64,653 | 64,653 |
| ADOBE SYSTEMS INCORPORATED 3.25% 02/01/2025 USD SR LIEN | 216,232 | 216,232 |
| CBS CORPORATION 4.0% 01/15/2026 USD SR LIEN | 110,117 | 110,117 |
| JPMORGAN CHASE & CO. HYBRID 04/23/2024 USD SR LIEN CPN 04/23/18 3.559% | 211,930 | 211,930 |
| REPUBLIC SERVICES, INC. 3.95% 05/15/2028 USD SR LIEN | 111,550 | 111,550 |
| DIAGEO CAPITAL PLC 3.5% 09/18/2023 USD SR LIEN | 214,320 | 214,320 |
| CAPITAL ONE FINANCIAL CO 3.9% 01/29/2024 USD SR LIEN | 189,192 | 189,192 |
| INGERSOLL-RAND LUXEMBOURG FINA 3.55% 11/01/2024 USD SR LIEN | 189,207 | 189,207 |
| KINDER MORGAN ENERGY PARTNERS, 4.25% 09/01/2024 USD SR LIEN | 165,301 | 165,301 |
| FEDERAL HOME LOAN BANK SYSTEM 2.5% 12/09/2022 SR LIEN | 363,632 | 363,632 |
| PACIFICORP 3.5% 06/15/2029 USD SR LIEN | 190,717 | 190,717 |
| WAL-MART STORES INC 2.65% 12/15/2024 USD SR LIEN | 187,352 | 187,352 |
| LOCKHEED MARTIN CORPORATION 2.9% 03/01/2025 USD SR LIEN | 187,089 | 187,089 |
| GLAXOSMITHKLINE CAPITAL PLC 3.375% 05/15/2023 USD SER 5Y SR LIEN | 265,612 | 265,612 |
| AT&T INC 4.25% 03/01/2027 USD SR LIEN | 168,487 | 168,487 |
| FEDERAL HOME LOAN BANK 2.125% 09/14/2029 | 624,126 | 624,126 |
| VISA INC. 3.15% 12/14/2025 USD SR LIEN | 218,032 | 218,032 |
| SALESFORCE.COM INC 3.7% 04/11/2028 USD SR LIEN | 279,077 | 279,077 |
| FHLB 2.75% 12/13/2024 SR LIEN | 459,093 | 459,093 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| STATE STREET EMERGING MARKETS EQUITY INDEX FUND K CLASS | FMV | 3,855,098 | 3,855,098 |
| STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND CLASS K | FMV | 11,505,085 | 11,505,085 |
| MULTI-MANAGER INTERNATIONAL EQUITY FUND P | FMV | 11,064,601 | 11,064,601 |
| EATON VANCE GROUP EATON VANCE INCM FD OF BOSTON MUTUAL FUND CLASS I SHARES | FMV | 5,669,417 | 5,669,417 |
| FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND INSTITUTIONAL SHARES | FMV | 5,657,931 | 5,657,931 |
| MULTI-MANAGER US SMALL CAP EQUITY FUND P | FMV | 6,994,359 | 6,994,359 |
| ISHARES S&P 500 INDEX FUND CLASS G | FMV | 40,983,136 | 40,983,136 |
| TPG TECH ADJACENCIES ACCESS LLC | FMV | 451,044 | 451,044 |
| DST OPPORTUNITIES III ACCESS OFFSHORE LP | FMV | 439,463 | 439,463 |
| VINTAGE VIII OFFSHORE SCSP | FMV | 1,336,880 | 1,336,880 |
| PRIVATE CREDIT MANAGERS III OFFSHORE LP | FMV | 674,025 | 674,025 |
| PRIVATE EQUITY MANAGER (2018) | FMV | 996,666 | 996,666 |
| PRIVATE EQUITY MANAGERS (2019) | FMV | 800,758 | 800,758 |
| VINTAGE REAL ESTATE PARTNERS II LP | FMV | 138,517 | 138,517 |
| ARES SPECIAL OPPORTUNITIES ACCESS OFFSHORE LP | FMV | 706,144 | 706,144 |
| GOLDMAN SACHS PRIVATE MIDDLE MARKET CREDIT II LLC | FMV | 424,222 | 424,222 |
| PRIVATE EQUITY MANAGER (2020) | FMV | 80,820 | 80,820 |
| TCV XI ACCESS OFFSHORE SCSP | FMV | 862 | 862 |
| SEVEN BRIDGES ENERGY FUND | FMV | 1,460,288 | 1,460,288 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CARTER LEDYARD & MILBURN LLP-LEGAL FEES | 40,969 | 0 | 40,969 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CAPITAL EXPENDITURES | 258,835 | 0 | 258,835 | |
| BANK SERVICE CHARGES | 1,625 | 1,625 | 0 | |
| INSURANCE | 25,771 | 0 | 25,771 | |
| OFFICE SUPPLIES, REPAIRS AND MAINTENANCE | 11,997 | 0 | 11,997 | |
| PAYROLL PROCESSING SERVICES | 14,485 | 0 | 14,485 | |
| PROFESSIONAL DEVELOPMENT, MEMBERSHIPS AND SUBSCRIPTIONS | 8,321 | 0 | 8,321 | |
| PUBLICATIONS AND WEB HOSTING | 31,240 | 0 | 31,240 | |
| TECHNOLOGY | 82,268 | 0 | 82,268 | |
| TELECOMMUNICATIONS AND POSTAGE | 10,582 | 0 | 10,582 | |
| OTHER PARTNERSHIP EXPENSES THRU SCHEDULE K-1'S | 0 | 72,087 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER PARTNERSHIP LOSS THRU K-1'S NET OF UBI | 28,483 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 30,762,440 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT AND CUSTODIAL FEES | 311,547 | 311,547 | 0 | |
| CONSULTING FEES | 118,306 | 0 | 118,306 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 19,000 | 0 | 0 | |
| STATE TAXES | 649 | 0 | 649 |