| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 30,580 | 15,290 | 15,290 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| ROYALTY | PURCHASED | COST | 0 | 5,368 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ACCOLADE PARTNERS VII-A LP | AT COST | 2,620,500 | 2,876,581 |
| ADAMAS PARTNERS, LP | AT COST | 164,214 | 624,551 |
| AETHER REAL ASSETS FD III-CCA | AT COST | 1,639,453 | 1,487,905 |
| AMERICAN SECURITIES PARTNER VII LP | AT COST | 3,898,006 | 3,061,599 |
| AMERICAN SECURITIES PARTNER VIII LP | AT COST | 1,118,827 | 742,725 |
| ANCHORAGE CAPITAL PARTNERS OFFSHORE | AT COST | 4,000,000 | 4,576,888 |
| AUDAX PRIVATE EQUITY FUND VI-A LP | AT COST | 441,417 | 631,006 |
| DAVIDSON KEMPNER INST PTNRS - CLIENT | AT COST | 5,000,000 | 7,749,330 |
| EQT INFRA IV (NO. 2) USD SCSP. | AT COST | 1,763,561 | 1,818,751 |
| ETON PARK OVERSEES FUND, LTD. | AT COST | 2,896 | 5,456 |
| FIDELITY INTERMEDIATE TREASURY BOND | AT COST | 7,353,176 | 8,156,168 |
| FPA CRESCENT PORTFOLIO CI I | AT COST | 6,657,539 | 8,141,161 |
| GENERATION LM ASIA FUND LP | AT COST | 2,000,000 | 2,032,938 |
| GENERATION LM GLOBAL EQUITY FUND LLC | AT COST | 4,000,000 | 4,083,776 |
| HIGHFIELDS CAPITAL LTD-CCA | AT COST | 142,836 | 123,232 |
| IFP GLOBAL EQUITY LP | AT COST | 5,000,000 | 7,017,585 |
| LEGACY VENTURE IX, LLC | AT COST | 1,025,000 | 1,001,492 |
| LEGACY VENTURE VII, LLC | AT COST | 1,851,688 | 4,649,702 |
| LEGACY VENTURE VIII, LLC | AT COST | 2,013,056 | 2,630,007 |
| LEGACY VENTURE X, LLC | AT COST | 75,000 | 75,000 |
| NEWBURY EQ PARTNERS III-CCA | AT COST | 237,234 | 1,354,214 |
| POLUNIN DEV COUNTRIES FUND US | AT COST | 7,581,868 | 11,251,734 |
| RENAISSANCE INSTITUTIONAL EQUITIES | AT COST | 5,000,000 | 4,664,180 |
| SANDERSON INTERNATIONAL VALUE FUND | AT COST | 7,290,396 | 7,384,835 |
| SUMMIT PARTNERS GROWTH EQUITY IX-A | AT COST | 3,811,085 | 5,964,927 |
| SUMMIT PARTNERS GROWTH EQUITY X-A | AT COST | 1,150,499 | 1,150,499 |
| TA XIII-B LP | AT COST | 1,650,000 | 1,731,894 |
| VANGUARD EMERGING MKTS STOCK IDX ADM | AT COST | 4,284,343 | 5,037,381 |
| VANGUARD FTSE ALL WORLD INSTL | AT COST | 29,169,423 | 37,159,258 |
| VANGUARD SMALL CAP INDEX FUND ETF | AT COST | 4,303,815 | 5,512,364 |
| VANGUARD TTL STK MKT IND #855 | AT COST | 11,804,658 | 27,838,715 |
| VARDE FUND XIII (B) (FEEDER) LP | AT COST | 1,251,336 | 1,417,097 |
| VARDE INVESTMENT PARTNERS OFFSHORE | AT COST | 4,000,000 | 5,285,471 |
| WELLINGTON US RESEARCH EQ EXTEND | AT COST | 7,000,000 | 9,526,720 |
| WHEELOCK STREET REAL ESTATE FD V LP | AT COST | 1,630,435 | 1,726,203 |
| WHEELOCK STREET REAL ESTATE FD VI LP | AT COST | 47,118 | 2,355 |
| WHI REAL ESTATE PARTNERS IV-TE LP | AT COST | 1,449,069 | 1,980,446 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 13,889 | 0 | 13,889 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 13,156 | 13,156 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| D&O INSURANCE | 4,546 | 0 | 4,546 | |
| CORPORATE FILING FEES | 2,047 | 0 | 2,047 | |
| DIRECT CHARITABLE ACTIVITIES | 156,873 | 0 | 156,873 | |
| DUES AND SUBSCRIPTIONS | 37,636 | 0 | 37,636 | |
| EDUCATION & PROFESSIONAL DEVELOPMENT | 84,944 | 2,548 | 82,396 | |
| INFORMATION TECHNOLOGY | 101,126 | 0 | 101,126 | |
| ACCOUNTING SERVICES | 40,744 | 12,223 | 28,521 | |
| MISCELLANEOUS | 5,090 | 0 | 5,090 | |
| OFFICE EXPENSES | 93,909 | 0 | 93,909 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEES | 1,811,330 | 0 | 1,811,330 | |
| INVESTMENT MANAGEMENT FEES | 391,311 | 391,311 | 0 | |
| PAYROLL SERVICE FEES | 24,990 | 0 | 24,990 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 90,549 | 0 | 0 |