| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 19,422 | 14,172 | 5,250 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE | 2020-06-30 | 14,395 | SL | 7.000000000000 | 1,028 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GOLDMAN SACHS BANK USA DEPOSIT (BDA) | 25,149 | 25,149 |
| KINDER MORGAN ENERGY PART 5.8% 03/01/2021 | 50,407 | 50,407 |
| UNITEDHEALTH GROUP INCORPORATE 2.125% 03/15/2021 | 75,280 | 75,280 |
| XILINX, INC. 3.0% 03/15/2021 | 50,252 | 50,252 |
| SANOFI-AVENTIS 4.0% 03/29/2021 | 75,659 | 75,659 |
| DOMINION ENERGY, INC. STEP 04/01/2021 | 25,222 | 25,222 |
| MORGAN STANLEY MTN 2.5% 04/21/2021 | 50,310 | 50,310 |
| APPLE INC. 2.85% 05/06/2021 | 50,407 | 50,407 |
| WALMART INC. 3.125% 06/23/2021 | 76,028 | 76,028 |
| TOYOTA MOTOR CREDIT CORP MTN 1.8% 10/07/2021 | 50,553 | 50,553 |
| MONDELEZ INTERNATIONAL, INC. 0.625% 07/01/2022 | 50,217 | 50,217 |
| HONEYWELL INTERNATIONAL INC. 0.483% 08/19/2022 | 50,080 | 50,080 |
| CIGNA CORPORATION 3.75% 07/15/2023 | 48,648 | 48,648 |
| INTERCONTINENTALEXCHANGE GROUP 4.0% 10/15/2023 | 27,426 | 27,426 |
| XCEL ENERGY INC 0.5% 10/15/2023 | 20,057 | 20,057 |
| HP ENTERPRISE CO 1.45% 04/01/2024 | 51,376 | 51,376 |
| FISERV, INC. 2.75% 07/01/2024 | 53,690 | 53,690 |
| B.A.T. CAPITAL CORPORATION 3.222% 08/15/2024 | 37,892 | 37,892 |
| REPUBLIC SERVICES INC 2.5% 08/15/2024 | 48,055 | 48,055 |
| SYNCHRONY FINANCIAL 4.25% 08/15/2024 | 22,098 | 22,098 |
| ROPER TECHNOLOGIES INC 2.35% 09/15/2024 | 42,687 | 42,687 |
| PAYPAL HOLDINGS, INC. 2.4% 10/01/2024 | 42,745 | 42,745 |
| JPMORGAN CHASE & CO. HYBRID 12/05/2024 | 38,557 | 38,557 |
| AIR LEASE CORPORATION MTN 2.3% 02/01/2025 | 36,233 | 36,233 |
| LABORATORY CORPORATION OF AMER 3.6% 02/01/2025 | 38,674 | 38,674 |
| PACCAR FINANCIAL CORP MTN 1.8% 02/06/2025 | 41,908 | 41,908 |
| DOMINION ENERGY INC 3.3% 03/15/2025 | 49,548 | 49,548 |
| EXXON MOBIL CORPORATION 2.992% 03/19/2025 | 38,308 | 38,308 |
| CHARLES SCHWAB CORPORATION (TH 4.2% 03/24/2025 | 28,662 | 28,662 |
| MOODY'S CORPORATION 3.75% 03/24/2025 | 28,075 | 28,075 |
| THERMO FISHER SCIENTIFIC 4.133% 03/25/2025 | 28,426 | 28,426 |
| FLORIDA POWER & LIGHT CO 2.85% 04/01/2025 | 27,206 | 27,206 |
| SYSCO CORPORATION 5.65% 04/01/2025 | 23,780 | 23,780 |
| UNITED PARCEL SERVICE 3.9% 04/01/2025 | 28,245 | 28,245 |
| AMERIPRISE FINANCIAL, INC. 3.0% 04/02/2025 | 43,546 | 43,546 |
| 3M COMPANY 2.65% 04/15/2025 | 21,722 | 21,722 |
| LOWE'S COS INC 4.0% 04/15/2025 | 17,043 | 17,043 |
| ROSS STORES INC 4.6% 04/15/2025 | 28,840 | 28,840 |
| CITIGROUP INC. HYBRID 04/24/2025 | 27,180 | 27,180 |
| NEXTERA ENERGY CAPITAL 2.75% 05/01/2025 | 37,864 | 37,864 |
| PHILIP MORRIS INTERNATIONAL IN 1.5% 05/01/2025 | 25,895 | 25,895 |
| ALTRIA GROUP, INC. 2.35% 05/06/2025 | 26,562 | 26,562 |
| CATERPILLAR FINL SERVICE MTN 1.45% 05/15/2025 | 41,549 | 41,549 |
| ENERGY TRANSFER OPERATNG 2.9% 05/15/2025 | 21,159 | 21,159 |
| HERSHEY COMPANY 0.9% 06/01/2025 | 40,620 | 40,620 |
| STEEL DYNAMICS, INC. 2.4% 06/15/2025 | 31,886 | 31,886 |
| MCDONALD'S CORPORATION MTN 1.45% 09/01/2025 | 20,740 | 20,740 |
| AUTOMATIC DATA PROCESSING, INC 3.375% 09/15/2025 | 16,836 | 16,836 |
| DUKE ENERGY CORP 0.9% 09/15/2025 | 15,036 | 15,036 |
| ZIMMER BIOMET HOLDINGS 3.05% 01/15/2026 | 27,566 | 27,566 |
| BANK OF AMERICA CORPORATION HYBRID MTN 02/13/2026 | 52,402 | 52,402 |
| CITIGROUP INC. HYBRID 04/08/2026 | 10,926 | 10,926 |
| VEREIT OPERATING PARTNER 4.875% 06/01/2026 | 35,174 | 35,174 |
| WELLS FARGO & COMPANY MTN 4.1% 06/03/2026 | 28,661 | 28,661 |
| CROWN CASTLE INTERNATIONAL COR 3.7% 06/15/2026 | 16,903 | 16,903 |
| BUNGE LIMITED FINANCE CORP. 3.25% 08/15/2026 | 16,672 | 16,672 |
| SPECTRA ENERGY PARTNERS 3.375% 10/15/2026 | 28,028 | 28,028 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BROOKFIELD PROPERTY PARTNERS | 28,752 | 28,752 |
| BLACKSTONE GROUP INC/THE-A | 129,620 | 129,620 |
| GENERAL ELECTRIC CO | 108,000 | 108,000 |
| PJT PARTNERS INC - A | 18,812 | 18,812 |
| FIDELITY 500 INDEX-INST PRM | 278,594 | 278,594 |
| ISHARES CORE S&P 500 ETF | 170,052 | 170,052 |
| SIX CIRCLES US UNCONSTR EQ | 158,982 | 158,982 |
| FIDELITY INTL INDX-INST PRM | 12,687 | 12,687 |
| JPMORGAN BETABUILDERS CANADA | 22,001 | 22,001 |
| SIX CIRCLES INTL UNCON EQ | 87,201 | 87,201 |
| JPMORGAN BETABUILDERS EUROPE ETF | 24,553 | 24,553 |
| JPMORGAN BETABUILDERS JAPAN ETF | 50,624 | 50,624 |
| ISHARES CORE MSCI EMERGING | 24,257 | 24,257 |
| AEROJET ROCKETDYNE HOLDINGS | 36,995 | 36,995 |
| AES CORP | 70,500 | 70,500 |
| BANK OF AMERICA CORP | 54,558 | 54,558 |
| BANK OF NEW YORK MELLON CORP | 148,540 | 148,540 |
| CADENCE BANCORP | 9,852 | 9,852 |
| CRANE CO | 46,596 | 46,596 |
| DANA INC | 39,040 | 39,040 |
| ENERGIZER HOLDINGS INC | 63,270 | 63,270 |
| FLOWSERVE CORP | 81,070 | 81,070 |
| FOX CORP - CLASS B | 28,880 | 28,880 |
| GATX CORP | 66,544 | 66,544 |
| GENERAL ELECTRIC CO | 41,040 | 41,040 |
| HEWLETT PACKARD ENTERPRISE | 11,850 | 11,850 |
| JOHNSON & JOHNSON | 47,214 | 47,214 |
| KRAFT HEINZ CO/THE | 48,524 | 48,524 |
| MADISON SQUARE GARDEN SPORTS C | 36,820 | 36,820 |
| MADISON SQUARE GARDEN ENTERTAINMENT | 21,008 | 21,008 |
| MGM RESORTS INTERNATIONAL | 31,510 | 31,510 |
| MUELLER INDUSTRIES INC | 122,885 | 122,885 |
| NATIONAL FUEL GAS CO | 61,695 | 61,695 |
| NAVISTAR INTERNATIONAL CORP | 52,752 | 52,752 |
| PATTERSON COS INC | 53,334 | 53,334 |
| PNC FINANCIAL SERVICES GROUP | 29,800 | 29,800 |
| SIRIUS XM HOLDINGS INC | 13,759 | 13,759 |
| ST JOE CO/THE | 148,575 | 148,575 |
| SYNOVUS FINANCIAL CORP | 77,688 | 77,688 |
| TELADOC HEALTH INC | 79,984 | 79,984 |
| TEXTRON INC | 140,157 | 140,157 |
| TRINITY INDUSTRIES INC | 65,975 | 65,975 |
| VIACOMCBS INC | 18,630 | 18,630 |
| WELLS FARGO & CO | 48,288 | 48,288 |
| AMPCO-PITTSBURGH CORP | 64,094 | 64,094 |
| ARMSTRONG FLOORING INC | 61,120 | 61,120 |
| ASTEC INDUSTRIES INC | 144,700 | 144,700 |
| ATLANTIC CAPITAL BANCSHARES | 55,720 | 55,720 |
| AZZ INC | 61,672 | 61,672 |
| CANTERBURY PARK HOLDING CORP | 5,950 | 5,950 |
| COMMERCIAL VEHICLE GROUP INC | 8,650 | 8,650 |
| COMMUNICATIONS SYSTEMS INC | 27,420 | 27,420 |
| CTS CORP | 34,330 | 34,330 |
| CUTERA INC | 24,110 | 24,110 |
| DIEBOLD NIXDORF INC | 42,640 | 42,640 |
| DRIL-QUIP INC | 14,810 | 14,810 |
| EDGEWELL PERSONAL CARE CO | 48,412 | 48,412 |
| ENPRO INDUSTRIES INC | 75,520 | 75,520 |
| FLUSHING FINANCIAL CORP | 33,280 | 33,280 |
| FULL HOUSE RESORTS INC | 23,580 | 23,580 |
| GARRETT MOTION INC | 17,720 | 17,720 |
| GCP APPLIED TECHNOLOGIES | 118,250 | 118,250 |
| GENCOR INDUSTRIES INC | 12,300 | 12,300 |
| GRIFFON CORP | 36,684 | 36,684 |
| HERC HOLDINGS INC | 106,256 | 106,256 |
| HYSTER-VALE MATERIALS | 59,550 | 59,550 |
| KAMAN CORP | 34,278 | 34,278 |
| LANDEC CORP | 10,850 | 10,850 |
| LIBERTY MEDIA CORP-BRAVES A | 49,740 | 49,740 |
| LORAL SPACE & COMMUNICATIONS | 62,970 | 62,970 |
| MODINE MANUFACTURING CO | 6,280 | 6,280 |
| MOOG INC-CLASS B | 25,432 | 25,432 |
| MUELLER WATER PRODUCTS INC-A | 80,470 | 80,470 |
| MYERS INDUSTRIES INC | 29,092 | 29,092 |
| STEEL PARTNERS HOLDINGS LP | 26,875 | 26,875 |
| TEJON RANCH CO | 17,340 | 17,340 |
| TWIN DISC INC | 43,175 | 43,175 |
| US CELLULAR CORP | 42,966 | 42,966 |
| VIACOMCBS INC - CLASS A | 75,640 | 75,640 |
| WTS AMPCO-PITTSBURGH CORP -CW25 | 13,200 | 13,200 |
| BAUSCH HEALTH COMPANIES INC | 29,120 | 29,120 |
| BUNGE LTD | 104,928 | 104,928 |
| CNH INDUSTRIAL NV | 109,140 | 109,140 |
| GAN LTD | 24,336 | 24,336 |
| IBERDROLA SA ISIN | 42,947 | 42,947 |
| IDORSIA LTD | 5,781 | 5,781 |
| SONY CORP-SPONSORED ADR | 131,430 | 131,430 |
| SWEDISH MATCH AB | 62,335 | 62,335 |
| GRUPO TELEVISA SA-SPON ADR | 70,040 | 70,040 |
| THE GABELLI GROWTH FUND-I | 157,798 | 157,798 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MSIF ULTRA-SHORT INCOME A (MUAIX) | FMV | 972,592 | 972,592 |
| PIMCO INCOME A (PONAX) | FMV | 1,001,097 | 1,001,097 |
| OPTIMA STAR FUND - LONG-ONLY - CLASS H | FMV | 816,607 | 816,607 |
| ISHARES 20+ YEAR TREASURY BO | FMV | 64,827 | 64,827 |
| MNSTY MCKY H/Y CORP BND-R6 | FMV | 88,396 | 88,396 |
| PIMCOINV GRD CRD BND-INST | FMV | 43,381 | 43,381 |
| PIMCO INCOME FUND-INS | FMV | 22,095 | 22,095 |
| SIX CIRCLES ULTRA SHRT DUR | FMV | 20,221 | 20,221 |
| VANGUARD TOT BD MKT IDX-ADM | FMV | 290,035 | 290,035 |
| VANGUARD MORTGAGE-BACKED SEC | FMV | 21,520 | 21,520 |
| FED HER OPP HIGH YIELD BD-R6 | FMV | 44,474 | 44,474 |
| VANGUARD TOTAL INTL BOND ETF | FMV | 306,041 | 306,041 |
| VANGUARD TTL INTL BND-ADM | FMV | 230,193 | 230,193 |
| SIX CIRCLES GLOBAL BOND | FMV | 258,193 | 258,193 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE | 14,395 | 1,028 | 13,367 |
| Item No. | 1 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 65,000 |
| Balance Due | 65,000 |
| Date of Note | 2019-11 |
| Maturity Date | 2023-11 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 15,000 |
| Balance Due | 15,000 |
| Date of Note | 2019-11 |
| Maturity Date | 2023-11 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 60,000 |
| Balance Due | 60,000 |
| Date of Note | 2019-12 |
| Maturity Date | 2023-11 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 4 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 250,000 |
| Balance Due | 250,000 |
| Date of Note | 2020-01 |
| Maturity Date | 2022-01 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 5 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 100,000 |
| Balance Due | 100,000 |
| Date of Note | 2020-05 |
| Maturity Date | 2022-05 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 6 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 180,000 |
| Balance Due | 180,000 |
| Date of Note | 2020-07 |
| Maturity Date | 2022-07 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 7 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 250,000 |
| Balance Due | 250,000 |
| Date of Note | 2020-10 |
| Maturity Date | 2022-10 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 8 |
|---|---|
| Lender's Name | ACP GROUP HOLDINGS |
| Lender's Title | |
| Relationship to Insider | PRESIDENT OF THE BOARD SERVES AS A BOARD MEMBER OF ACP GROUP HOLDINGS |
| Original Amount of Loan | 30,000 |
| Balance Due | 30,000 |
| Date of Note | 2020-12 |
| Maturity Date | 2022-12 |
| Repayment Terms | PRINCIPAL DUE ON MATURITY |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | N/A |
| Purpose of Loan | SUPPORT GRANTMAKING |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Description | Amount |
|---|---|
| DEFERRED FEDERAL EXCISE TAX | 4,771 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEES | 1,257 | 0 | 0 | |
| MISCELLANEOUS | 1,850 | 0 | 1,850 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS INCOME | 4,369 | 4,369 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 626,262 |
| FOREIGN EXCHANGE GAIN | 8,034 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL EXCISE TAX PAYABLE | 17,900 | 17,671 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT AND CUSTODY FEES | 65,622 | 65,622 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 76 | 0 | 0 |