| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OWEN J. FLANAGAN & CO., CPA'S | 28,000 | 11,900 | 16,100 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| COMMONFUND CAPITAL INTERNATIONAL PARTNERS VI | FMV | 164,491 | 164,491 |
| COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS VII | FMV | 454,838 | 454,838 |
| COMMONFUND CAPITAL PRIVATE EQUITY PARTNERS VII | FMV | 398,870 | 398,870 |
| COMMONFUND CAPITAL VENTURE PARTNERS VIII | FMV | 841,282 | 841,282 |
| COMMONFUND GLOBAL DISTRESSED INVESTORS | FMV | 65,816 | 65,816 |
| MAKENA CAPITAL PRIVATE ENDOWMENT PRODUCT | FMV | 6,321,373 | 6,321,373 |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | FMV | 74,861,597 | 74,861,597 |
| VANGUARD INTERNATIONAL STOCK INDEX FUND | FMV | 51,024,744 | 51,024,744 |
| VANGUARD REIT INDEX FUND | FMV | 9,410,811 | 9,410,811 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND | FMV | 14,899,367 | 14,899,367 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND | FMV | 13,135,198 | 13,135,198 |
| VANGUARD BOND MARKET INDEX FUND | FMV | 14,848,411 | 14,848,411 |
| VANGUARD INTERNATIONAL BOND INDEX FUND | FMV | 10,113,162 | 10,113,162 |
| PROGRAM RELATED INVESTMENT | AT COST | 500,000 | 500,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PATTERSON BELKNAP WEBB & TYLER, LLP | 9,288 | 0 | 9,288 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM BROKERS | 762,763 | 2,128,940 | 2,128,940 |
| TRANSITCHEK INVENTORY | 0 | 270 | 270 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PHOTOCOPIER | 4,927 | 384 | 4,543 | |
| SUBSCRIPTIONS AND PUBLICATIONS | 2,094 | 0 | 2,055 | |
| NYS FILING FEE | 1,500 | 116 | 1,384 | |
| INFORMATION TECHNOLOGY | 49,799 | 3,884 | 50,044 | |
| OFFICE SUPPLIES | 11,389 | 888 | 10,436 | |
| INSURANCE | 15,642 | 1,043 | 14,769 | |
| POSTAGE AND DELIVERY | 3,727 | 223 | 3,504 | |
| DIRECT CHARITABLE | 5,836 | 0 | 5,836 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MAKENA CAPITAL PRIVATE ENDOWMENT PRODUCT | -89,675 | -89,675 | -89,675 |
| MAKENA CAPITAL PRIVATE ENDOWMENT PRODUCT - UBIT | -25,311 | ||
| MAKENA CAPITAL PRIVATE ENDOWMENT PRODUCT - ADJUSTMENT | 140,466 | ||
| COMMONFUND INVESTMENTS UBIT | 2,447 | ||
| COMMONFUND INVESTMENTS | 105,351 | 105,351 | 105,351 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED APPRECIATION NET OF DEFERRED EXCISE TAX | 15,401,033 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| RETIREE HEALTH BENEFIT LIABILITY | 905,976 | 904,513 |
| DEFERRED TAX LIABILITY | 500,153 | 717,245 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMMONFUND SECURITIES - INV ADVISORY | 42,523 | 42,523 | 0 | |
| MAKENA CAPITAL ASSOCIATES - INV ADVISORY | 123,236 | 198,578 | 0 | |
| ADMINISTRATIVE CONSULTANTS | 57,194 | 0 | 41,489 | |
| THE VANGUARD GROUP | 186,967 | 186,967 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX ON INVESTMENT INCOME | 125,524 | 0 | 0 |