| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 6,830 | 2,277 | 0 | 4,553 |
| Category | Amount |
|---|---|
| NONE | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| VALUATION METHOD OF OTHER INVESTMENT | STATEMENT 8 | IN ORDER TO DETERMINE THE BOOK VALUE OF THE OTHERINVESTMENTS, THE FOLLOWING FORMULA WAS USED: BEGINNING BOOK VALUE PLUS: CAPITAL CONTRIBUTIONS MADE FROM 10/1/20 - 9/30/21 PLUS/LESS: NET INCOME/LOSS ON K-1 FROM 1/1/20 - 12/31/20 LESS: DISTRIBUTIONS RECEIVED FROM 10/1/20 - 9/30/21 EQUALS ENDING BOOK VALUE |
| BOOK VALUE ADJUSTMENT | PART II, LINE 10 B | AN ADJUSTMENT OF $155,836 HAS BEEN MADE TO DECREASE THE BEGINNING BOOK VALUE OF OTHER INVESTMENTS, SPECIFICALLY THE VARIOUS PARTNERSHIP INVESTMENTS, ON PART II, LINE 13. THE CAPITAL ACCOUNT ON THE K-1S FROM THE PARTNERSHIPS HAS BEEN REVISED TO REFLECT THE FOUNDATION'S CAPITAL ACCOUNT ON TAX BASIS. THE ADJUSTMENT MADE TO THE BEGINNING BOOK VALUE WAS MADE IN ORDER TO MATCH THE BOOK VALUE TO THE TAX BASIS. |
| BALANCE SHEET ADJUSTMENT | PART II, LINE 15 | AN ADJUSTMENT OF $150,000 HAS BEEN MADE TO INCREASE RETAINED EARNINGS IN 2020 FOR RECLASSIFYING PAYMENTS MADE TO PRIME IMPACT FUND I FROM GRANTS & CONTRIBUTIONS REPORTED ON PART I , LINE 25 TO OTHER INVESTMENTS REPORTED ON PART II, LINE 15. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| INVESTMENTS - KAHN BROTHERS | 15,103,859 | 20,735,524 |
| INVESTMENTS - FIDELITY | 2,748 | 4,100 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT - VCFA VENTURE V | FMV | 16,685 | 118,559 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 4,000 | 0 | 0 | 4,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ISRAEL PROPERTY | 35,000 | 35,000 | 35,000 |
| PRIME IMPACT LOAN FUND I LLC | 200,000 | 200,000 |
| Description | Amount |
|---|---|
| ADJ TO BOOK VALUE- STATEMENT 14 | 155,836 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 105,225 | 105,225 | 0 | 0 |
| ADMINISTRATIVE EXPENSES | 290 | 0 | 0 | 290 |
| PORTFOLIO DEDUCTIONS SUBJECT TO 2% AGI FROM FLOW-THROUGH ENTITIES | 11,833 | 11,833 | 0 | 0 |
| DELAWARE CORP TAX | 25 | 25 | 0 | 0 |
| VCFA VENTURE PARTNERS V LP- OTHER INCOME | 2 | 2 | 0 | 0 |
| Description | Amount |
|---|---|
| PRIME IMPACT LOAN FUND I LLC ADJUSTMENT- STATEMENT 16 | 150,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| EXCHANGE- VCFA V | 0 | 136,320 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX PAYMENT | 1,367 | 1,367 | 0 | 0 |
| FOREIGN TAXES PAID | 2 | 2 | 0 | 0 |