| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ISDANER AND CO | 6,454 | 3,227 | 3,227 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF NEW YORK MELLON 3.95% DUE 11/18/25 | 80,156 | 87,248 |
| BERKSHIRE HATHAWAY 3.0% DUE 5/15/22 | 128,870 | 129,768 |
| COCA-COLA 3.2% DUE 11/1/23 | 107,653 | 108,423 |
| COLGATE-PALMOLIVE CO 3.25% DUE 3/15/24 | 125,156 | 136,299 |
| JOHNSON & JOHNSON 3.375% DUE 12/5/23 | 101,463 | 109,281 |
| PROCTER & GAMBLE CO 1.85% DUE 2/2/21 | 48,841 | 50,062 |
| PROCTER & GAMBLE CO 2.7% DUE 2/2/26 | 74,684 | 83,192 |
| STATE STREET CORP 4.375% DUE 3/7/21 | 77,268 | 75,536 |
| US BANCORP 3.7% DUE 1/30/24 | 78,711 | 82,219 |
| WAL-MART STORES INC. 5.8% DUE 2/15/18 | 126,146 | 141,545 |
| WELLS FARGO & COMPANY 3.5% DUE 3/8/22 | 77,729 | 77,757 |
| FEDERAL HOME LOAN BANK .7% DUE 5/28/25 | 135,000 | 135,035 |
| FEDERAL HOME LOAN BANK 2.625% DUE 12/12/25 | 74,732 | 83,135 |
| FEDERAL FARM CREDIT BANK 2.25% DUE 12/18/29 | 179,200 | 186,566 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC. | 39,839 | 34,800 |
| CATERPILLAR INC. | 39,838 | 76,448 |
| DISNEY, WALT CO | 40,127 | 166,686 |
| DOW INC. | 12,411 | 18,260 |
| DUPONT DE NEMOURS INC. | 18,941 | 23,395 |
| HOME DEPOT INC | 39,965 | 209,840 |
| INTEL CORP | 39,980 | 73,235 |
| MICROSOFT INC. | 39,838 | 291,370 |
| 3M COMPANY | 39,900 | 80,403 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PLEADIES OFFSHORE FUND | AT COST | 194,491 | 426,777 |
| VITTORIA OFFSHORE FUND | AT COST | 650,000 | 1,182,952 |
| MET LIFE INSURANCE POLICY | AT COST | 421,995 | 21,360 |
| ISHARES CORE S&P MIDCAP ETF | AT COST | 690,967 | 792,914 |
| ISHARES RUSSELL 1000 ETF | AT COST | 1,759,219 | 2,633,171 |
| ISHARE US REAL ESTATE ETF | AT COST | 201,772 | 229,114 |
| SPDR S&P DIVIDEND ETF | AT COST | 74,483 | 149,361 |
| SECTOR SPDR TR UTILITIES ETF | AT COST | 75,005 | 141,702 |
| BNY MELLON INTERNATIONAL STOCK FUND | AT COST | 374,110 | 482,245 |
| BARON DISCOVERY FUND | AT COST | 398,956 | 794,592 |
| GRANDEUR PEAK US STALWARTS FUND | AT COST | 150,000 | 167,700 |
| WCM FOCUSED INTL GROWTH | AT COST | 348,203 | 543,260 |
| GATEWAY FUND | AT COST | 500,000 | 523,070 |
| MERGER FUND | AT COST | 481,731 | 505,980 |
| AMERICAN EXPR CENTURION 2.4% DUE 4/19/22 | AT COST | 49,593 | 51,487 |
| CAPITAL ONE BANK USA 1.6% DUE 8/17/21 | AT COST | 74,385 | 75,669 |
| DISCOVER BANK 1.5% DUE 8/10/21 | AT COST | 74,438 | 75,672 |
| GOLDMAN SACHS BANK USA 1.55% DUE 8/3/21 | AT COST | 74,625 | 75,629 |
| SALLIE MAE BANK 3.0% DUE 8/23/21 | AT COST | 49,825 | 50,962 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UTILITIES | 3,154 | 0 | 3,154 | |
| DUES AND SUBSCRIPTIONS | 668 | 0 | 668 | |
| REGISTRATION FEE | 15 | 0 | 15 | |
| BANK FEES | 24 | 0 | 24 | |
| WEBSITE | 440 | 0 | 440 | |
| LIFE INSURANCE | 375,016 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MGT FEES | 10,297 | 10,297 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,062 | 1,062 | 0 | |
| EXCISE TAXES | 41,000 | 0 | 0 |