| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 11,654 | 5,827 | 5,827 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BERKSHIER HATHAWAY INC 3.75% DUE 8/15/21 | 101,006 | 102,131 |
| COLGATE-PALMOLIVE CO 1.95% DUE 2/1/23 | 97,888 | 103,480 |
| IBM CORP UNSC 3.625% DUE 2/12/24 | 101,258 | 109,821 |
| JOHNSON & JOHNSON 2.45% DUE 3/1/26 | 47,982 | 54,394 |
| PROCTER & GAMBLE CO 2.3% DUE 2/6/22 | 100,195 | 102,315 |
| VANGUARD INTERMEDIATE TERM CORPORATE BOND ETF | 110,026 | 110,254 |
| NATIXIS LOOMIS SAY C/P BOND Y | 215,000 | 215,458 |
| PIMCO SHORT TERM FUND INSTL | 110,000 | 110,112 |
| VANGUARD MORTGAGE BACKED SECURITIES INDEX ADM SHS | 110,000 | 110,102 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SEAFEARER OVERSEAS GROWTH & INCOME | AT COST | 43 | 58 |
| PROSPECTOR OPPORTUNITY FUND | AT COST | 412 | 455 |
| BMW BANK NORTH AMERICA CD 1.7% DUE 2/26/21 | AT COST | 74,625 | 75,226 |
| DISCOVER BANK CD 2.05% DUE 3/2/23 | AT COST | 74,344 | 78,142 |
| SPDR S&P 500 ETF | AT COST | 150,183 | 152,169 |
| SPDR S&P DIVIDENDS ETF | AT COST | 137,507 | 258,257 |
| SPDR PORTFOLIO MID CAP ETF | AT COST | 717,672 | 1,075,044 |
| SPDR MIDCAP TRUST SERIES 1 | AT COST | 100,377 | 99,941 |
| VANGUARD HIGH DIVIDEND YIELD ETF | AT COST | 142,169 | 268,856 |
| VANGUARD INDEX FUND ETF | AT COST | 1,792,011 | 2,679,407 |
| VANGUARD SMALL CAP ETF | AT COST | 230,691 | 401,041 |
| KOPERNICK GLOBAL ALL CAP INSTL | AT COST | 266,523 | 319,681 |
| BNY MELLON INTERNATIONAL STOCK FUND | AT COST | 363,361 | 534,050 |
| BARON DISCOVERY FUND INST | AT COST | 212,092 | 446,319 |
| BROOKFIELD GLOBAL LISTED INFRASTRUCTURE FUND | AT COST | 224,708 | 223,826 |
| CENTERSTONE INTERNATIONAL | AT COST | 334,266 | 299,599 |
| SEAFEARER OVERSEAS GROWTH & INCOME | AT COST | 192,365 | 263,715 |
| VULCAN VALUE PARTNERS | AT COST | 50,000 | 87,746 |
| GRANDEUR PEAK US STALWARTS FUND | AT COST | 265,000 | 263,963 |
| WCM FOCUSED INTL GROWTH INS | AT COST | 379,326 | 643,667 |
| PROSPECTOR OPPORTUNITY FUND | AT COST | 177,724 | 199,697 |
| TOUCHSTONE SANDS EM GR | AT COST | 161,407 | 354,270 |
| VANGUARD ENERGY FUND | AT COST | 410,000 | 328,863 |
| PLEAIDES OFFSHORE FUND | AT COST | 600,000 | 1,020,101 |
| VITTORIA OFFSHORE FUND | AT COST | 1,930,307 | 2,400,355 |
| LONG POND OFFSHORE | AT COST | 224,989 | 259,595 |
| ARCHEAN OFFSHORE FUND II | AT COST | 177,974 | 178,243 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LIFE INSURANCE POLICY | 253,402 | 253,402 | 253,402 |
| Description | Amount |
|---|---|
| PRIOR YEAR ADJUSTMENTS | 51,590 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LIFE INSURANCE | 101,978 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 38,926 | 38,926 | 0 | |
| CONSULTING | 5,000 | 2,500 | 2,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 5,491 | 5,491 | 0 |