| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 20,500 | 0 | 0 | 20,500 |
| Category | Amount |
|---|---|
| NONE | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ISHARES IBOXX HIGH YIELD | 3,910,995 | 4,021,352 |
| ABBOTT LABORATORIES CALLABLE | 950,070 | 1,070,130 |
| AERCAP IRELAND CAPITAL DAC | 1,109,562 | 1,102,449 |
| AGILENT TECHNOLOGIES INC | 733,267 | 774,787 |
| AMERICAN TOWER CORP | 933,939 | 1,003,689 |
| APPLE INC CALLABLE | 951,950 | 1,090,730 |
| BANCO SANTANDER SA | 233,892 | 227,496 |
| BANCO SANTANDER SA NOTES FIXED | 383,660 | 380,572 |
| BANK OF AMERICA CORP | 780,820 | 853,484 |
| BP CAPITAL MARKETS AMERICA INC | 525,000 | 569,483 |
| CVS HEALTH CORP | 121,807 | 130,531 |
| CONSOLIDATED EDISON CO OF NY INC | 224,834 | 251,820 |
| DUKE ENERGY CAROLINAS LLC | 747,233 | 843,450 |
| FEDERAL HOME LOAN BANKS | 1,051,038 | 1,185,747 |
| FEDERAL HOME LOAN BANKS | 794,483 | 807,402 |
| FEDERAL HOME LOAN BANKS | 891,045 | 1,012,383 |
| FEDERAL HOME LOAN BANKS | 1,513,575 | 1,613,295 |
| FISERV INC. | 996,260 | 1,075,020 |
| INTERNATIONAL BANK FOR RECONST. | 921,605 | 947,267 |
| INTERNATIONAL BANK FOR RECONST. | 994,460 | 1,102,204 |
| JP MORGAN CHASE & CO | 212,915 | 213,009 |
| LANDWIRTSCHAFTLICHE RENTENBANK | 970,622 | 1,044,186 |
| NATIONAL RURAL UTILITIES COOP | 999,340 | 1,115,790 |
| ORACLE CORP | 912,038 | 1,013,422 |
| CHARLES SCHWAB CORP | 995,970 | 1,128,660 |
| SPIRIT REALTY LP | 304,703 | 305,741 |
| STATOIL ASA | 961,460 | 1,037,280 |
| SYNCHRONY BANK | 955,370 | 1,027,270 |
| RAYTHEON TECHNOLOGIES CORP | 33,704 | 36,371 |
| VODAFONE GROUP PLC | 1,057,940 | 1,201,872 |
| WALMART INC | 623,369 | 666,588 |
| WELLS FARGO BANK NA | 874,904 | 888,659 |
| XILINX INC | 735,793 | 822,554 |
| JPM CORE BD FD | 249,739 | 264,161 |
| JPM MTGE BACKED SEC FD | 197,820 | 207,972 |
| VANGUARD TOT BK MKT | 118,177 | 133,818 |
| VANGUARD INTERN BND | 254,665 | 298,677 |
| VANGUARD I/T INVEST | 253,189 | 261,826 |
| JPM TOTAL RETURN FD | 26,436 | 26,338 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABIOMED INC COMMON STOCK | 8,034,642 | 10,357,769 |
| CAESARS ENTERTAINMENT INC | 11,068,063 | 17,490,000 |
| EBIX INC | 10,899,673 | 6,910,985 |
| EHEALTH INC. | 10,946,974 | 12,718,368 |
| EURONET WORLDWIDE INC. | 8,092,692 | 12,607,567 |
| FIRST HAWAIIAN INC | 8,584,587 | 8,529,067 |
| KEARNY FINANCIAL CORP. | 6,401,288 | 6,702,322 |
| LIGAND PHARMACEUTICALS INC. | 5,038,716 | 8,309,287 |
| ON SEMICONDUCTOR CORP | 4,886,693 | 10,779,071 |
| OPEN LENDING CORP | 4,522,632 | 4,612,392 |
| PALOMAR HOLDINGS INC. | 11,277,954 | 8,371,821 |
| PAYA HOLDINGS INC. | 4,796,490 | 4,368,327 |
| POOL CORP | 697,776 | 11,143,311 |
| PROGRESSIVE CORP. | 5,696,511 | 9,527,058 |
| RESROUCE BANKSHARES INC. | 2,195,000 | 10,292,000 |
| ROPER TECHNOLOGIES INC. | 6,912,061 | 10,789,345 |
| STRYKER CORP | 7,179,294 | 10,372,854 |
| TELEFLEX INC. | 7,027,298 | 12,060,804 |
| TTEC HOLDINGS INC. | 3,178,142 | 8,201,441 |
| VIACOMCBS INC. | 9,480,021 | 9,407,184 |
| VISA INC | 1,049,977 | 12,576,762 |
| STERIS PLC | 3,148,458 | 8,933,512 |
| COMPANIA AZUCARERA CHUMBAGUA SA | 685 | 0 |
| ADVANCED MICRO DEVICES INC. | 865,256 | 1,413,000 |
| AIR PRODUCTS AND CHEMICALS INC. | 2,207,615 | 3,938,760 |
| ALLEGHANY CORP | 1,086,789 | 2,192,015 |
| ALPHABET INC. | 1,906,764 | 6,205,890 |
| AMAZON.COM INC. | 2,595,793 | 6,806,976 |
| APPLE INC. | 1,607,278 | 3,664,500 |
| ARCHER-DANIELS-MIDLAND CO. | 1,270,030 | 1,710,000 |
| BANK OF AMERICA CORP | 2,393,595 | 3,288,650 |
| BARRICK GOLD CORP | 889,327 | 792,000 |
| BELL ALIANT REGIONAL COMM INC. | 10,864 | 0 |
| BERKSHIRE HATHAWAY INC. | 1,950,490 | 12,773,500 |
| BLACKSTONE GROUP INC. | 926,829 | 1,863,250 |
| CVS HEALTH CORP | 1,736,067 | 1,880,750 |
| CISCO SYSTEMS INC. | 941,722 | 1,034,200 |
| COCO-COLA CO. | 2,650,497 | 3,162,600 |
| COMCAST CORP | 1,496,842 | 2,705,500 |
| CORNING INC. | 1,480,599 | 2,175,500 |
| COSTCO WHOLESALE CORP | 2,140,484 | 2,643,600 |
| WALT DISNEY CO. | 211,290 | 922,600 |
| DOMINION ENERGY INC. | 335,550 | 1,139,400 |
| DUPONT DE NEMOURS INC. | 1,890,589 | 2,704,800 |
| ECOLAB INC. | 1,266,978 | 1,712,560 |
| GENERAL MOTORS CO. | 931,135 | 1,264,120 |
| HERSHEY CO. | 490,697 | 1,581,600 |
| HOME DEPOT INC. | 971,505 | 2,747,250 |
| JPMORGAN CHASE & CO. | 1,827,148 | 3,044,600 |
| JOHNSON & JOHNSON | 836,932 | 2,465,250 |
| ELI LILLY & CO. | 2,011,047 | 2,428,660 |
| MASTERCARD INC. | 1,593,262 | 2,848,400 |
| MERCK & CO. INC. | 2,207,401 | 2,312,700 |
| METLIFE INC. | 1,230,193 | 1,823,700 |
| MICROSOFT CORP | 3,625,834 | 8,251,950 |
| MONDELEZ INTERNATIONAL INC. | 2,566,983 | 2,926,500 |
| NATIONAL GRID PLC ADR USD | 283,731 | 296,200 |
| NESTLE SA ADR USD | 2,451,909 | 3,345,300 |
| NETFLIX INC. | 287,992 | 260,830 |
| NEXTERA ENERGY INC. | 1,881,030 | 2,419,520 |
| ORACLE CORP | 639,460 | 701,700 |
| PPG INDUSTRIES INC. | 514,051 | 2,253,900 |
| PEPSICO INC. | 1,532,408 | 1,980,300 |
| PFIZER INC. | 1,133,063 | 1,449,200 |
| PHILLIPS 66 | 1,696,929 | 1,630,800 |
| PROCTER & GAMBLE CO. | 968,986 | 3,385,750 |
| RAYTHEON TECHNOLOGIES CORP | 1,081,537 | 1,699,940 |
| REYNOLDS COMSUMER PRODUCTS INC. | 1,651,312 | 1,637,900 |
| SEMPRA ENERGY | 754,949 | 795,480 |
| SOUTHERN CO. | 172,423 | 310,800 |
| TEXAS INSTRUMENTS INC. | 1,620,356 | 3,401,820 |
| 3M CO. | 780,279 | 1,926,800 |
| TRAVELERS COS. INC. | 801,025 | 1,504,000 |
| UNION PACIFIC CORP | 1,499,952 | 1,542,870 |
| UNITEDHEALTH GROUP INC. | 904,894 | 1,302,245 |
| VERIZON COMMUNICATIONS INC. | 2,365,505 | 2,907,500 |
| VIATRIS INC. | 204,423 | 209,550 |
| VISA INC. | 1,931,142 | 2,752,490 |
| WEC ENERGY GROUP INC. | 222,460 | 655,130 |
| WALMART INC. | 2,154,165 | 3,395,750 |
| WASTE MANAGEMENT INC. | 934,138 | 2,580,400 |
| ZOETIS INC. | 572,744 | 1,574,800 |
| BROOKFIELD INFRASTRUCTURE PART. | 568,098 | 798,750 |
| LINDE PLC | 1,667,461 | 2,521,260 |
| CHUBB LTD | 3,059,586 | 3,475,340 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OTHER INVESTMENTS | AT COST | 10,454,399 | 14,377,669 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 33,966 | 0 | 0 | 33,966 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MINERAL INTEREST | 423,165 | 423,165 | 1,139,795 |
| ART, BOOKS & MANUSCRIPTS | 41,713,993 | 42,864,916 | 44,659,625 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES FROM PASS-THROUGH ENTITIES | 473,079 | 473,079 | 473,079 | 0 |
| SPECIAL EVENTS REFUNDS ISSUED DUE TO CANCELLATION | 80,973 | 0 | 80,973 | 0 |
| INSURANCE PREMIUMS | 712,637 | 0 | 0 | 712,637 |
| MEMBERSHIPS | 49,482 | 0 | 0 | 49,482 |
| SUBSCRIPTIONS | 31,432 | 0 | 432 | 31,000 |
| POSTAGE & FREIGHT | 48,000 | 0 | 7,796 | 40,205 |
| MOVING/STORAGE | 14,402 | 0 | 0 | 14,402 |
| REPAIRS | 176,666 | 0 | 0 | 176,666 |
| TELEPHONE | 86,898 | 0 | 0 | 86,898 |
| UTILITIES | 437,073 | 0 | 2,526 | 434,548 |
| VAN | 4,368 | 0 | 0 | 4,368 |
| COURTYARD/GROUNDS | 14,714 | 0 | 0 | 14,714 |
| SERVICE/MAINTENANCE CONTRACTS | 342,205 | 0 | 5,901 | 336,304 |
| EXHIBITIONS/RECEPTIONS | 169,123 | 0 | 0 | 169,123 |
| SOFTWARE/MICROFILM | 64,856 | 0 | 0 | 64,856 |
| CONSERVATION | 64,192 | 0 | 0 | 64,192 |
| ADVERTISING | 181,098 | 0 | 0 | 181,098 |
| PUBLIC RELATIONS/MEETINGS | 57,121 | 0 | 65 | 57,056 |
| DEPARTMENT OPERATING EXPENSES | 168,579 | 0 | 0 | 168,579 |
| ACQUISITIONS EXPENSES | 5,968 | 0 | 0 | 5,968 |
| APPRAISALS | 20,570 | 0 | 0 | 20,570 |
| OFFICE EQUIPMENT/FURNISHINGS | 446,428 | 0 | 2,501 | 443,927 |
| COLLECTION PROCESSING/DEV | 52,563 | 0 | 0 | 52,563 |
| CONSULTING SERVICES | 144,425 | 0 | 0 | 144,425 |
| EDUCATION OUTREACH/SEMINARS | -19,356 | 0 | 0 | -19,356 |
| MAJOR REPAIRS | 181,712 | 0 | 0 | 181,712 |
| DONATIONS | 2,000 | 0 | 2,000 | 0 |
| HUMAN RESOURCES | 31,358 | 0 | 0 | 31,358 |
| ANNUITY PAYMENTS | 550 | 550 | 550 | 0 |
| EXPENSES/WILLIAMS PRIZE | 317 | 0 | 0 | 317 |
| INSURANCE | 22,385 | 22,385 | 22,385 | 0 |
| REPAIRS | 589 | 589 | 589 | 0 |
| INSURANCE | 1,797 | 1,797 | 1,797 | 0 |
| General Operating Expenses | 0 | 0 | 0 | 0 |
| INSURANCE | 9,242 | 9,242 | 9,242 | 0 |
| General Operating Expenses | 1,680 | 1,680 | 1,680 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL & GAS ROYALTIES | 161,823 | 161,823 | 161,823 |
| INCOME FROM PASS-THROUGH ENTITIES | 158,255 | 158,255 | 158,255 |
| BOOK SALES/PRODUCT ROY | 13,869 | 13,869 | |
| DUPLICATION FEES | 20,132 | 20,132 | |
| GAINS FROM DEACCESSIONS | 219 | 219 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK TRUSTEE | 248,447 | 173,913 | 180,862 | 67,585 |
| INVESTMENT ADVISOR | 904,774 | 904,774 | 904,774 | 0 |
| ROYALTY VERIFICATION | 5,625 | 5,625 | 5,625 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 581,907 | 0 | 0 | 581,907 |
| FEDERAL EXCISE TAX PAID | 306,519 | 0 | 0 | 306,519 |
| REAL ESTATE TAX | 10,878 | 10,878 | 10,878 | 0 |
| REAL ESTATE TAX | 1,257 | 1,257 | 1,257 | 0 |
| REAL ESTATE TAX | 6,841 | 6,841 | 6,841 | 0 |
| REAL ESTATE TAX | 14,355 | 14,355 | 14,355 | 0 |