| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,500 | 4,500 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADVERUM BIOTECHNOLOGIES INC | 277,882 | 216,800 |
| ALPHABET INC | 1,011,991 | 1,401,504 |
| AMAZON.COM | 2,332,142 | 4,885,395 |
| AMERICAN INTL GROUP INC | 25,000 | 28,180 |
| AT&T INC | 125,000 | 140,700 |
| AVALON BAY COMMUNITIES | 284,320 | 829,423 |
| AVALONBAY CMMUN INC | 2,572,104 | 2,085,590 |
| CAPITAL ONE FINANCIAL | 150,000 | 154,860 |
| CHARLES SCHWAB CORP | 863,161 | 868,313 |
| CITIGROUP INC | 1,059,586 | 1,062,169 |
| FIFTH THIRD BANCORP | 1,013,032 | 988,425 |
| GOLDMAN SACHS CAPITAL II | 940,005 | 982,500 |
| ILLUMINA INC | 760,765 | 1,110,000 |
| JPMORGAN CHASE & CO | 375,000 | 421,500 |
| LOWES COMPANIES | 59,438 | 642,040 |
| PFIZER | 97,125 | 110,430 |
| ROYAL BANK OF CANADA | 1,000,000 | 993,200 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BLACKROCK CORPORATE HIGH YIELD FUND | AT COST | 128,546 | 64,030 |
| BLACKROCK EURO FUND CLASS A | AT COST | 193,073 | 234,689 |
| MERRILL LYNCH CMA FUND | AT COST | 1,654,227 | 1,654,227 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER INVESTMENT EXPENSES | 360 | 360 | 0 |