| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,900 | 0 | 1,900 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AM ELEC POWER | 47,019 | 211,340 |
| AMERICAN CAMPUS COMMUNITIES | 33,795 | 36,654 |
| AMGEN INCORPORATED | 34,816 | 47,823 |
| APPLE COMPUTER, INC | 15,002 | 129,505 |
| BLACKROCK INC | 24,196 | 58,445 |
| CHEVRON CORPORATION | 51,965 | 45,856 |
| CISCO SYSTEMS | 22,632 | 46,898 |
| COCA-COLA CO | 35,532 | 46,395 |
| CVS | 43,624 | 40,297 |
| DISNEY WALT CO | 37,230 | 67,218 |
| DUKE ENERGY | 48,258 | 79,291 |
| EATON CORP PLC | 20,260 | 36,883 |
| ENBRIDGE INC | 37,512 | 40,915 |
| HOME DEPOT, INC. | 18,706 | 37,452 |
| HONEYWELL INTERNATIONAL INC | 41,489 | 60,832 |
| JOHNSON & JOHNSON INC | 26,897 | 52,880 |
| JP MORGAN CHASE & CO | 34,338 | 85,264 |
| KLA-TENCOR CORP | 16,603 | 40,131 |
| LOCKHEED MARTIN CORP | 17,788 | 43,663 |
| MCDONALDS CORP | 22,700 | 41,843 |
| MDU RESOURCES | 38,867 | 122,191 |
| MERCK & CO INC | 36,207 | 58,405 |
| MICROSOFT | 16,051 | 131,673 |
| MONDELEZ INTL INC | 33,895 | 47,653 |
| NATIONAL FUEL GAS | 36,276 | 123,390 |
| NIKE CLASS B | 20,604 | 51,071 |
| NOVARTIS AG | 24,892 | 38,527 |
| PEPSICO INC | 23,005 | 45,083 |
| PUBLIC SERVICE ENTERPRISES | 40,078 | 174,900 |
| STARBUCKS CORP | 29,720 | 57,769 |
| VERIZON COMMUNICATIONS | 26,392 | 30,726 |
| XCEL ENERGY | 49,436 | 180,009 |
| BLACKSTONE GROUP INC COM CL A | 41,767 | 51,589 |
| BROADCOM INC COM | 47,834 | 65,678 |
| CAMDEN PROPERTY TRUST | 15,150 | 16,787 |
| INVITATION HOMES INC | 15,136 | 15,860 |
| MEDTRONIC PLC | 26,756 | 38,539 |
| STORE CAPITAL CORPORATION | 29,073 | 39,485 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| DODGE & COX INTERNATIONAL STOCK FUND | AT COST | 192,916 | 237,408 |
| FINANCIAL SQUARE TRUST FUND GOV.PORTFOLIO | AT COST | 76,232 | 76,232 |
| VANGUARD INTERNATIONAL VALUE FUND-IV | AT COST | 75,000 | 99,892 |
| VANGUARD INTERNATIONAL GRWOTH FUND AD | AT COST | 75,000 | 132,384 |
| VANGUARD TOTAL BOND MARKET INDEX FUND ADM | AT COST | 115,000 | 115,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 8,414 | 8,414 | 0 | |
| POSTAGE | 33 | 0 | 33 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 2,076 | 2,076 | 0 | |
| EXCISE TAXES PAID | 4,454 | 0 | 0 |