| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,074 | 0 | 0 | 11,074 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| WELSH FIXED INCOME | 250,000 | 250,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AIA GROUP LTD | 2,850 | 2,850 |
| ALIABABA GROUP HOLDING LTD SPONS ADS | 4,422 | 4,422 |
| BANCO BRADESCO S A SPON | 936 | 936 |
| BEIERSDORF AG | 1,243 | 1,243 |
| BOOKING HOLDINGS INC | 2,227 | 2,227 |
| BRITISH AMERN TOBACCO | 937 | 937 |
| BROADCOM INC | 3,941 | 3,941 |
| CGI INC | 3,966 | 3,966 |
| CSL LTD | 991 | 991 |
| CANADIAN NATIONAL RAILWAY CO | 3,076 | 3,076 |
| CARLSBERG AS SPONSORED | 1,446 | 1,446 |
| CHINA MENGNIU DAIRY COMPANY | 1,824 | 1,824 |
| CRITEO SA | 1,067 | 1,067 |
| DEUTSCHE BOERSE AG | 2,755 | 2,755 |
| FANUC CORP | 1,531 | 1,531 |
| FLUTTER ENTERTAINMENT | 3,338 | 3,338 |
| GRUPO AEROPORTUARIO DEL PACIFICO | 1,781 | 1,781 |
| HDFC BANK LTD | 3,758 | 3,758 |
| HEINEKEN NV | 1,452 | 1,452 |
| HOYA CORP | 2,221 | 2,221 |
| JD.COM | 3,164 | 3,164 |
| KNORR BREMSE AG | 2,128 | 2,128 |
| KOITO MANUFACTURING CO | 2,321 | 2,321 |
| KOMATSU LTD | 2,713 | 2,713 |
| KUEHNE & NAGEL INTL AG | 2,502 | 2,502 |
| LVMH MOET HENNESSY LOUIS VUITTON | 1,497 | 1,497 |
| MONDELEZ INTERNATIONAL | 2,280 | 2,280 |
| NESTLE S A | 3,063 | 3,063 |
| NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP | 1,486 | 1,486 |
| NIDEC CORP | 1,173 | 1,173 |
| NOVARTIS AG | 1,039 | 1,039 |
| NOVO NORDISK AS | 1,537 | 1,537 |
| OLYMPUS CORP | 2,751 | 2,751 |
| OPEN TEXT CORP | 1,637 | 1,637 |
| PERNOD RICARD S A | 1,457 | 1,457 |
| PHILIP MORRIS INTL INC | 3,063 | 3,063 |
| PROSUS N V | 2,408 | 2,408 |
| ROCHE HOLDING LIMITED | 2,893 | 2,893 |
| SMC CORP JAPAN | 1,500 | 1,500 |
| SANDS CHINA LTD | 2,574 | 2,574 |
| SANDVIK AB ADR | 3,713 | 3,713 |
| SANOFI | 1,409 | 1,409 |
| SCHNEIDER ELECTRIC SE | 2,982 | 2,982 |
| SONY CORP | 3,033 | 3,033 |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 3,925 | 3,925 |
| TENCENT HOLDINGS LTD | 3,307 | 3,307 |
| UNITED OVERSEAS BK LTD | 1,025 | 1,025 |
| WAL-MART DE MEXICO S AB | 3,686 | 3,686 |
| WOLTERS KLUWER N V | 3,274 | 3,274 |
| YUM CHINA HOLDINGS INC | 2,626 | 2,626 |
| AMCOR PLC | 1,177 | 1,177 |
| ICON PLC | 1,950 | 1,950 |
| LINDE PLC | 1,581 | 1,581 |
| ALCON INC | 1,518 | 1,518 |
| LOGITECH INTL SA | 1,069 | 1,069 |
| ASML HOLDING NV | 1,463 | 1,463 |
| ACCELERON PHARMA INC | 3,071 | 3,071 |
| ACI WORLDWIDE INC | 2,191 | 2,191 |
| ADVANCED ENERGY INDUSTRIES INC | 1,648 | 1,648 |
| ARGENX SE | 1,765 | 1,765 |
| ARISTA NETWORKS INC | 2,615 | 2,615 |
| ARROWHEAD PHARMACEUTICALS INC | 4,911 | 4,911 |
| ATRICURE INC | 2,171 | 2,171 |
| BAUSCH HEALTH COMPANIES | 3,661 | 3,661 |
| BEIGENE LTD | 2,326 | 2,326 |
| BERRY GLOBAL GROUP INC | 3,428 | 3,428 |
| BIOMARIN PHARMACEUTICAL INC | 3,332 | 3,332 |
| BLACKLINE INC | 1,734 | 1,734 |
| BLUEBIRD BIO INC | 952 | 952 |
| CARDINAL HEALTH INC | 1,393 | 1,393 |
| CARMAX INC | 2,456 | 2,456 |
| CHAMPIONX CORP | 2,402 | 2,402 |
| CHURCHILL DOWNS INC | 1,948 | 1,948 |
| CITIZENS FINANCIAL GROUP INC | 3,862 | 3,862 |
| COGNEX CORP | 2,649 | 2,649 |
| DICKS SPORTING GOODS INC | 2,248 | 2,248 |
| DOLBY LABORATORIES INC | 3,497 | 3,497 |
| EMCOR GROUP INC | 2,652 | 2,652 |
| ENTEGRIS INC | 4,132 | 4,132 |
| ENESTNET INC | 2,057 | 2,057 |
| ETSY INC | 7,828 | 7,828 |
| EVERBRIDGE INC | 1,789 | 1,789 |
| EXACT SCIENCES INC | 1,987 | 1,987 |
| EXELIXIS INC | 2,629 | 2,629 |
| FIBROGEN INC | 1,187 | 1,187 |
| FORTINET INC | 3,416 | 3,416 |
| FORTUNE BRANDS HOME & SECURITY INC | 1,372 | 1,372 |
| GODADDY INC | 3,484 | 3,484 |
| GRACO INC | 2,315 | 2,315 |
| GUARDANT HEALTH INC | 2,062 | 2,062 |
| GUIDEWIRE SOFTWARE INC | 2,060 | 2,060 |
| JACK HENRY & ASSOCIATES | 2,106 | 2,106 |
| HYATT HOTELS CORP | 3,119 | 3,119 |
| IRHYTHM TECHNOLOGIES INC | 4,507 | 4,507 |
| INARI MEDICAL INC | 1,920 | 1,920 |
| INSPERITY INC | 1,873 | 1,873 |
| LITHIA MOTORS INC CL A | 1,463 | 1,463 |
| LIVE NATION ENTERTAINMENT INC | 2,278 | 2,278 |
| MOHAWK INDUSTRIES INC | 2,819 | 2,819 |
| MOLINA HEALTHCARE INC | 2,978 | 2,978 |
| MOSAIC COMPANY NEW | 2,830 | 2,830 |
| NEUROCRINE BIOSCNCS INC | 2,205 | 2,205 |
| NEW YORK TIMES | 3,106 | 3,106 |
| NORDSON CORP | 2,813 | 2,813 |
| OKTA INC | 3,560 | 3,560 |
| PVH CORP | 3,192 | 3,192 |
| PAYCOM SOFTWARE INC | 2,714 | 2,714 |
| PERFORMANCE FOOD GROUP | 1,524 | 1,524 |
| POWER INTEGRATIONS INC | 2,456 | 2,456 |
| QUALYS INC | 3,047 | 3,047 |
| REINSURANCE GROUP AMERICA INC | 2,318 | 2,318 |
| REVOLVE GROUP INC | 1,964 | 1,964 |
| RITCHIE BROTHERS AUCTIONEERS INC | 1,252 | 1,252 |
| SEAWORLD ENTERTAINMENT INC | 2,306 | 2,306 |
| SEMTECH CORP | 2,019 | 2,019 |
| SHOCKWAVE MEDICAL INC | 1,867 | 1,867 |
| A O SMITH | 2,631 | 2,631 |
| SYNCHRONY FINANCIAL | 4,096 | 4,096 |
| TOPBUILD CORP | 1,841 | 1,841 |
| TRACTOR SUPPLY CO | 3,233 | 3,233 |
| UNIVERSAL DISPLAY CORP | 2,298 | 2,298 |
| VERACYTE INC | 1,811 | 1,811 |
| VIKING THERAPEUTICS INC | 338 | 338 |
| WPX ENERGY INC | 1,377 | 1,377 |
| ZENDESK INC | 2,147 | 2,147 |
| ZYNGA INC | 2,625 | 2,625 |
| NOVOCURE LTD | 3,461 | 3,461 |
| AT&T INC | 6,759 | 6,759 |
| ANHEUSER BUSCH INBEV | 10,137 | 10,137 |
| ARCHER DANIELS MIDLAND COMPANY | 6,553 | 6,553 |
| CISCO SYSTEMS INC | 7,608 | 7,608 |
| COCA-COLA COMPANY | 4,332 | 4,332 |
| DIGITAL REALTY TRUST INC | 6,976 | 6,976 |
| DOW INC | 12,044 | 12,044 |
| GENERAL MILLS INC | 7,056 | 7,056 |
| GILEAD SCIENCES INC | 2,563 | 2,563 |
| HANESBRANDS INC | 11,591 | 11,591 |
| INTL BUSINESS MACHINES CORP | 3,902 | 3,902 |
| JOHNSON & JOHNSON | 7,554 | 7,554 |
| KIMBERLY CLARK CORP | 6,876 | 6,876 |
| KINDER MORHAN INC DE | 6,521 | 6,521 |
| MGM GROWTH PROPERTIES | 9,797 | 9,797 |
| MCDONALDS CORP | 8,583 | 8,583 |
| MERCK & COMPANY INC NEW | 4,172 | 4,172 |
| MICROSOFT CORP | 9,119 | 9,119 |
| NUTRIEN LTD | 9,776 | 9,776 |
| PFIZER INC | 7,252 | 7,252 |
| PROCTER & GAMBLE CO | 8,070 | 8,070 |
| SOUTHERN COMPANY | 7,802 | 7,802 |
| UNITED PARCEL SERVICE INC | 11,956 | 11,956 |
| VERIZON COMMUNICATIONS INC | 7,285 | 7,285 |
| WELLS FARGO & CO | 8,903 | 8,903 |
| ABBOTT LABORATORIES | 65,694 | 65,694 |
| BRISTOL MYERS SQUIBB | 12,406 | 12,406 |
| COCA-COLA COMPANY | 23,307 | 23,307 |
| MERCK & COMPANY INC NEW | 8,180 | 8,180 |
| NOVARTIS AG | 14,165 | 14,165 |
| PEPSICO INC | 29,660 | 29,660 |
| PROCTER & GAMBLE CO | 111,312 | 111,312 |
| SPDR S&P 500 ETF | 5,234 | 5,234 |
| FIRST TRUST VALUE LINE | 65,756 | 65,756 |
| SPDR S&P 500 ETF | 5,608 | 5,608 |
| ALPHABET INC | 3,505 | 3,505 |
| AMAZON.COM INC | 6,514 | 6,514 |
| AMEDISYS INC | 5,573 | 5,573 |
| ANALOG DEVICES INC | 5,171 | 5,171 |
| ANSYS INC | 6,548 | 6,548 |
| BLACKLINE INC | 6,536 | 6,536 |
| CHEMED CORP NEW | 4,793 | 4,793 |
| COSTAR GROUP INC | 10,167 | 10,167 |
| DANAHER CORP | 5,554 | 5,554 |
| ECOLAB INC | 5,625 | 5,625 |
| FASTENAL CO | 5,567 | 5,567 |
| FIVE BELOW INC | 5,599 | 5,599 |
| GENTEX CORP | 2,850 | 2,850 |
| GRAND CANYON EDUCATION INC | 4,190 | 4,190 |
| GUIDEWIRE SOFTWARE INC | 2,832 | 2,832 |
| HEALTHCARE SCVS GROUP | 3,372 | 3,372 |
| HEICO CORP NEW | 6,752 | 6,752 |
| JACK HENRY & ASSOCIATES | 3,078 | 3,078 |
| IAC INTERACTIVE CORP | 4,544 | 4,544 |
| IDEXX LABORATORIES INC | 4,999 | 4,999 |
| MICROSOFT CORP | 10,899 | 10,899 |
| NATIONAL INSTRUMENTS CORP | 2,900 | 2,900 |
| NEOGEN CORP | 1,824 | 1,824 |
| NETFLIX CORP | 3,244 | 3,244 |
| NVIDIA CORP | 4,178 | 4,178 |
| PAYCOM SOFTWARE INC | 8,593 | 8,593 |
| PLURALSIGHT INC | 1,614 | 1,614 |
| PROTO LABS INC | 4,755 | 4,755 |
| RITCHIE BROTHERS AUCTIONEERS INC | 7,233 | 7,233 |
| ROCHE HOLDING LIMITED | 2,411 | 2,411 |
| ROLLINS INC | 5,782 | 5,782 |
| SERVICENOW INC | 4,403 | 4,403 |
| A O SMITH | 1,590 | 1,590 |
| STARBUCKS CORP | 5,563 | 5,563 |
| TELADOC HEALTH INC | 4,199 | 4,199 |
| 2U INC | 1,360 | 1,360 |
| TYLER TECHNOLOGIES INC | 7,857 | 7,857 |
| UNITEDHEALTH GROUP INC | 4,559 | 4,559 |
| VEEVA SYSTEMS INC | 7,079 | 7,079 |
| VERISK ANALYTICS INC | 6,228 | 6,228 |
| VISA INC | 3,718 | 3,718 |
| WEST PHARMACEUTICAL SERVICES INC | 6,233 | 6,233 |
| IHS MARKIT LTD | 4,671 | 4,671 |
| LINDE PLC | 2,635 | 2,635 |
| GLOBANT S A | 8,269 | 8,269 |
| ABBOTT LABORATORIES | 1,971 | 1,971 |
| ADOBE INC | 2,501 | 2,501 |
| ADVANCED MICRO DEVICES INC | 1,467 | 1,467 |
| ALPHABET INC | 5,258 | 5,258 |
| AMAZON.COM INC | 9,771 | 9,771 |
| AMERICAN TOWER CORP NEW | 1,571 | 1,571 |
| ANTHEM INC | 1,605 | 1,605 |
| APPLE INC | 14,331 | 14,331 |
| BANK OF AMERICA CORP | 6,183 | 6,183 |
| CHARTER COMMUNICATIONS INC | 3,308 | 3,308 |
| CITIGROUP INC | 2,035 | 2,035 |
| COCA-COLA COMPANY | 1,645 | 1,645 |
| CONOCOPHILLIPS | 1,360 | 1,360 |
| CUMMINS INC | 3,861 | 3,861 |
| DEERE & CO | 2,421 | 2,421 |
| DELTA AIRLINES INC | 1,649 | 1,649 |
| WALT DISNEY CO | 5,617 | 5,617 |
| DISCOVER FINANCIAL SERVICES | 4,889 | 4,889 |
| DOLLAR GENL CORP | 1,682 | 1,682 |
| EOG RESOURCES INC | 798 | 798 |
| FACEBOOK INC | 4,917 | 4,917 |
| HOME DEPOT INC | 2,391 | 2,391 |
| HONEYWELL INTL INC | 5,105 | 5,105 |
| JPMORGAN CHASE & CO | 3,431 | 3,431 |
| JOHNSON & JOHNSON | 3,777 | 3,777 |
| ELI LILLY & CO | 3,377 | 3,377 |
| LULULEMON ATHLETICA INC | 2,784 | 2,784 |
| MICROSOFT CORP | 11,788 | 11,788 |
| MICRON TECHNOLOGY INC | 1,880 | 1,880 |
| MORGAN STANLEY | 4,249 | 4,249 |
| NEXTERA ENERGY INC | 2,777 | 2,777 |
| NIKE INC | 3,254 | 3,254 |
| NORFOLK SOUTHERN CORP | 5,465 | 5,465 |
| NVIDIA CORP | 3,655 | 3,655 |
| PNC FINANCIAL SERVICES | 1,937 | 1,937 |
| PALO ALTO NETWORKS INC | 1,422 | 1,422 |
| PAYPAL HOLDINGS INC | 3,513 | 3,513 |
| PEPSICO INC | 1,335 | 1,335 |
| PROCTER & GAMBLE CO | 1,670 | 1,670 |
| QUALCOMM INC | 3,199 | 3,199 |
| ROCKWELL AUTOMATION INC | 2,508 | 2,508 |
| SALESFORCE.COM INC | 2,225 | 2,225 |
| SCHLUMBERGER LTD | 1,921 | 1,921 |
| STANLEY BLACK & DECKER INC | 1,786 | 1,786 |
| TARGET CORP | 2,471 | 2,471 |
| UNION PACIFIC CORP | 2,707 | 2,707 |
| UNITEDHEALTH GROUP INC | 3,857 | 3,857 |
| VISA INC | 5,906 | 5,906 |
| WALMART INC | 1,586 | 1,586 |
| ZOETIS INC | 1,655 | 1,655 |
| LINDE PLC | 2,899 | 2,899 |
| MEDTRONIC PLC | 3,514 | 3,514 |
| 10X GENOMICS INC | 7,222 | 7,222 |
| ADAPTIVE BIOTECHNOLOGIES CORP | 8,988 | 8,988 |
| ADOBE INC | 31,508 | 31,508 |
| ALPHABET INC CLASS A | 52,579 | 52,579 |
| ALPHABET INC CLASS C | 29,782 | 29,782 |
| AMAZON.COM INC | 78,166 | 78,166 |
| AMERICAN WELL CORP | 5,167 | 5,167 |
| AMPHENOL CORP | 12,713 | 12,713 |
| APPLE INC | 123,534 | 123,534 |
| APTIV PLC | 9,120 | 9,120 |
| BIOMARIN PHARMACEUTICAL INC | 5,700 | 5,700 |
| BOEING COMPANY | 7,920 | 7,920 |
| BOSTON SCIENTIFIC CORP | 13,481 | 13,481 |
| BRISTOL MYERS SQUIBB | 11,692 | 11,692 |
| CHARLES SCHWAB CORP | 12,305 | 12,305 |
| CHEGG INC | 7,226 | 7,226 |
| COCA-COLA COMPANY | 13,216 | 13,216 |
| CSX CORPORATION | 4,810 | 4,810 |
| DANAHER CORP | 12,895 | 12,895 |
| DEERE & CO | 9,983 | 9,983 |
| ECOLAB INC | 7,590 | 7,590 |
| ELI LILLY & CO | 17,897 | 17,897 |
| ESTEE LAUDER COS INC | 13,576 | 13,576 |
| ETSY INC | 9,251 | 9,251 |
| FACEBOOK INC | 59,549 | 59,549 |
| FIDELITY NATL INFO SVCS | 16,692 | 16,692 |
| GUARDANT HEALTH INC | 9,279 | 9,279 |
| HUBSPOT INC | 10,704 | 10,704 |
| HUMANA INC | 13,149 | 13,149 |
| ILLUMINA INC | 12,210 | 12,210 |
| INSULET CORP | 8,436 | 8,436 |
| INTERCONTINENTAL EXCHANGE INC | 7,840 | 7,840 |
| INTUITIVE SURGICAL INC | 12,272 | 12,272 |
| LAS VEGAS SANDS CORP | 5,841 | 5,841 |
| LIVE NATION ENTERTAINMENT INC | 8,156 | 8,156 |
| LULULEMON ATHLETICA INC | 8,353 | 8,353 |
| MARTIN MARIETTA MATERIALS INC | 4,544 | 4,544 |
| MARVELL TECHNOLOGY GROUP | 8,949 | 8,949 |
| MASTERCARD INC | 30,340 | 30,340 |
| MCDONALDS CORP | 13,733 | 13,733 |
| MCCORMICK & CO | 5,948 | 5,948 |
| MICROSOFT CORP | 91,859 | 91,859 |
| MONDELEZ INTERNATIONAL | 6,937 | 6,937 |
| MONSTER BEVERAGE CORP | 9,248 | 9,248 |
| NETFLIX CORP | 27,577 | 27,577 |
| NIKE INC | 24,191 | 24,191 |
| NVIDIA CORP | 36,032 | 36,032 |
| PAYPAL HOLDINGS INC | 31,383 | 31,383 |
| PVH CORP | 5,915 | 5,915 |
| QUALCOMM INC | 37,780 | 37,780 |
| ROSS STORES INC | 14,737 | 14,737 |
| SALESFORCE.COM INC | 9,124 | 9,124 |
| SAREPTA THERAPEUTICS | 8,184 | 8,184 |
| SEAGAN INC | 11,209 | 11,209 |
| SERVICENOW INC | 19,815 | 19,815 |
| SHERWIN-WILLIAMS CO | 7,349 | 7,349 |
| SNAP INC | 5,558 | 5,558 |
| SNOWFLAKE INC | 6,191 | 6,191 |
| SPLUNK INC | 14,101 | 14,101 |
| TESLA INC | 37,401 | 37,401 |
| ULTA BEAUTY INC | 11,486 | 11,486 |
| UNION PACIFIC CORP | 12,910 | 12,910 |
| VEEVA SYSTEMS INC | 7,895 | 7,895 |
| VERISK ANALYTICS INC | 9,757 | 9,757 |
| VISA INC | 48,777 | 48,777 |
| WALMART INC | 10,852 | 10,852 |
| WEST PHARMACEUTICAL SERVICES INC | 10,766 | 10,766 |
| WORKDAY INC | 27,076 | 27,076 |
| AMERICAN TOWER CORP | 10,832 | 10,832 |
| EQUINIX INC | 9,284 | 9,284 |
| ASTRAZENECA PLC | 6,649 | 6,649 |
| ATLASSIAN CORP | 8,419 | 8,419 |
| GENMAB A/S SPONSORED | 7,278 | 7,278 |
| LINDE PLC | 7,378 | 7,378 |
| NXP SEMICONDUCTORS | 14,021 | 14,021 |
| GS US EQUITY DIVIDEND & PREMIUM | 1,114,308 | 1,114,308 |
| SPDR S&P 500 ETF TRUST | 22,142 | 22,142 |
| ISHARES RUSSELL 2000 ETF | 318,009 | 318,009 |
| GS INTERNATIONAL EQUITY INSIGHTS FUND CLASS P | 895,753 | 895,753 |
| SALESFORCE.COM INC | 6,676 | 6,676 |
| GOLDMAN SACHS BANK US DEPOSIT | 26,496 | 26,496 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| STIFEL MUTUAL FUNDS | FMV | 352,743 | 352,743 |
| GRANITE EQUITY ALTERNATIVE INVESTMENTS | FMV | 1,982,896 | 1,982,896 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE AND EQUIPMENT | 48,723 | 43,158 | 5,565 | 5,565 |
| LEASEHOLD IMPROVEMENTS | 38,746 | 25,314 | 13,432 | 13,432 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTED LABOR | 329,296 | 0 | 35,420 | 355,953 |
| ADVERTISING | 11,821 | 0 | 0 | 13,766 |
| SUPPLIES | 1,495 | 0 | 0 | 1,088 |
| PROGRAM EXPENSES | 14,101 | 0 | 0 | 107,621 |
| TELEPHONE | 3,065 | 0 | 0 | 0 |
| POSTAGE AND SHIPPING | 190 | 0 | 0 | 437 |
| DUES | 789 | 0 | 0 | 789 |
| INSURANCE | 4,587 | 0 | 0 | 4,587 |
| SUBSCRIPTIONS | 2,077 | 0 | 0 | 1,711 |
| SPECIAL EVENTS | 702 | 0 | 0 | 0 |
| MISCELLANEOUS | 2,870 | 0 | 0 | 4,548 |
| GRANITE EQUITY K-1 EXPENSES | 0 | 2,995 | 0 | 0 |
| WELSH/REGENCY HOSPITALITY FUND, LLC K-1 EXPENSES | 0 | 4,984 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| WELSH/REGENCY HOSPITALITY FUND, LLC K-1 | 0 | -44,261 | 0 |
| CLASSES AND EDUCATIONAL EVENTS | 22,772 | 22,772 |
| Description | Amount |
|---|---|
| NET UNREALIZED GAIN ON INVESTMENTS | 926,601 |
| PARTNERSHIP DISTRIBUTIONS | 40,757 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FISCAL AGENT LIABILITY | 11,023 | 17,886 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 35,971 | 26,504 | 0 | 0 |
| CONSULTING FEES | 5,125 | 0 | 0 | 5,000 |