| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,050 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| JP MORGAN HIGH YIELD BOND FUND | 162,856 | 181,461 |
| BLACKROCK HIGH YIELD BOND FUND | 315,186 | 368,457 |
| DOUBLELINE TTL RTRN BND-I (23523.03 SHARES AT 12/31/2019) | 88,279 | 88,686 |
| ISHARES 20+ YEAR TREASURY BO (588 SHARES AT 12/31/2019) | 255,733 | 261,990 |
| ISHARES MBS ETF (2210 SHARES AT 12/31/2019) | 771,675 | 779,720 |
| PIMCO INCOME FD-IDS (6407.04 SHARES AT 12/31/2019) | 76,500 | 77,589 |
| PIMCO INVESTMENT GRADE CORP BOND FUND (30402.34 SHARES AT 12/31/2019) | 309,685 | 343,242 |
| PIMCO SHORT-TERM FD-INSTL (16683.73 SHARES AT 12/31/2019) | 82,127 | 82,631 |
| VANGUARD INT-TERM CORPORATE | 86,395 | 87,912 |
| VANGUARD TOTAL BOND MARKET INDEX FUND (182080.97 SHARES AT 12/31/2019) | 1,486,884 | 1,649,060 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 153,058 SHARES OF LAMAR ADVERTISING CO. STOCK | 4,295,325 | 13,195,197 |
| CONSUMER DISCRETIONARY SELT (664 SHARES AT 12/31/2019) | 147,792 | 182,807 |
| CONSUMER STAPLES SPDR (1338 SHARES AT 12/31/2019) | 80,768 | 90,248 |
| FIDELITY 500 INDEX FD-AI (32658.68 SHARES AT 12/31/2019) | 2,367,899 | 3,197,282 |
| FINANCIAL SELECT SECTOR SPDR (2891 SHARES AT 12/31/2019) | 236,653 | 289,523 |
| HEALTH CARE SELECT SECTOR (1786 SHARES AT 12/31/2019) | 313,638 | 370,382 |
| INDUSTRIAL SELECT SECT SPDR (1049 SHARES AT 12/31/2019) | 221,168 | 291,241 |
| VANGUARD COMMUNICATION SERVICES ETF (1821 SHARES AT 12/31/2019) | 215,976 | 288,841 |
| VANGUARD INFO TECH ETF (782 SHARES AT 12/31/2019) | 374,925 | 591,891 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| TROWE PRICE BALANCED FUND | FMV | 531,597 | 589,342 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INCOME | 0 | 0 | 8 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MEMBERSHIPS | 3,975 | 0 | 3,975 | |
| ADVERTISING | 7,800 | 0 | 7,800 | |
| MISCELLANEOUS | 15 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT | 32,144 | 32,144 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2019 TAXES | 8,000 | 0 | 0 | |
| 2020 TAXES | 8,000 | 0 | 0 |