| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BRIDGES & DUNN-RANKIN, LLP | 19,333 | 0 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FCM INTERNATIONAL, LLC | AT COST | 6,354,845 | 9,699,033 |
| FCM LARGE CAP II, LLC | AT COST | ||
| FCM SMALL CAP, LLC | AT COST | 3,245,639 | 4,598,416 |
| FCM EMERGING MARKETS, LLC | AT COST | 2,489,871 | 4,639,117 |
| FCM ALTERNATIVE II, LLC | AT COST | 9,976,543 | 11,622,016 |
| MONTAUK TRIGUARD FUND VII LP | AT COST | 424,858 | 486,594 |
| DARWIN VENTURE CAPITAL FUND OF FUNDS IV | AT COST | 689,609 | 767,406 |
| PORTFOLIO ADVISORS PRIVATE EQTY FD VIII | AT COST | 572,382 | 839,382 |
| FCM LARGE CAP, LLC | AT COST | ||
| SOF-XI VIP TE, L.P. | AT COST | 390,989 | 383,636 |
| LANDMARK EQUITY PARTNERS XVI LP | AT COST | 411,820 | 472,729 |
| APPIAN NATURAL RESOURCES FUND II LP | AT COST | 318,297 | 320,785 |
| DARWIN VENTURE CAPITAL FUND OF FUNDS V | AT COST | 316,864 | 335,778 |
| MONTAUK TRIGUARD FUND VIII LP | AT COST | 187,962 | 205,902 |
| PLATINUM EQUITY CAPITAL PARTNERS V, L.P. | AT COST | 31,054 | 37,621 |
| PLATINUM EQ. CAP PTRS INTERNATIONAL V | AT COST | 76,775 | 93,009 |
| VALAR FUND VI LP | AT COST | 411,746 | 414,146 |
| OAK STREET REAL ESTATE CAPITAL FD V, LP | AT COST | 251,507 | 251,799 |
| AMPERSAND 2020 LIMITED PARTNERSHIP | AT COST | 90,692 | 91,377 |
| SPDR S&P GLOBAL NAT. RESOURCES ETF (GNR) | AT COST | ||
| HARTFORD TOTAL RETURN BOND FUND | AT COST | 3,893,029 | 4,107,278 |
| SPDR GOLD SHARES (GLD) | AT COST | 1,256,149 | 1,792,518 |
| ANGEL OAK MULTI-STRATEGY INCOME INSTL | AT COST | 1,008,505 | 940,473 |
| ARTISAN PARTNERS FDS HIGH INCOME | AT COST | 1,020,318 | 1,068,709 |
| STONE RIDGE REINSURANCE RISK PREM | AT COST | 75,880 | 59,919 |
| VANGUARD INFLATION-PROTECTED SECS(VIPSX) | AT COST | 3,800,000 | 4,149,214 |
| TRANSAMERICA EMERG MKTS DEBT FD (EMTIX) | AT COST | ||
| PALMER SQUARE OPPORTUNISTIC INCOME FUND | AT COST | 2,000,000 | 2,010,959 |
| VANGUARD INSTITUTIONAL INDEX FUND(VINIX) | AT COST | 14,624,004 | 18,227,791 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DISTRIBUTIONS RECEIVABLE | 3,426 | 30,142 | 30,142 |
| DIVIDENDS RECEIVABLE | 21,802 | 15,613 | 15,613 |
| PREPAID OTHER | 2,134 | 28,245 | 28,245 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NONDEDUCTIBLE EXPS FROM K-1'S | 913 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other Investment Income | 62,346 | 62,346 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CUSTODIAL FEES | 11,062 | 11,062 | 0 | 0 |
| INVESTMENT MGMNT FEES | 327,976 | 327,976 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX (FORM 4720) | 16,577 | |||
| FEDERAL TAX EXPENSE | 34,889 | |||
| FOREIGN TAX PAID | 19,626 | 19,626 |