| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX | 132,015 | 34,754 | 34,754 | 21,494 |
| AUDIT | 41,750 | 0 | 0 | 41,750 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HS MANAGEMENT | 6,333,020 | 6,333,020 |
| SMITH BARNEY |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VESSEY STREET FUND III,L.P. | FMV | 67,827 | 67,827 |
| NEW ENTERPRISE ASSOCIATES 12 LP | FMV | 123,522 | 123,522 |
| THE COLCHESTER GLOBAL BOND FUND | FMV | 4,396,699 | 4,396,699 |
| WARBURG PINCUS 3285 | FMV | 114,564 | 114,564 |
| COMMONFUND PRIVATE EQUITY PARTNERS,LP | FMV | 16,062 | 16,062 |
| FARALLON INVESTMENTS | FMV | 29,273 | 29,273 |
| SILCHESTER TOBACCO FREE INT'L TRUST | FMV | 7,141,073 | 7,141,073 |
| WARBURG PINCUS 3640 | FMV | 34,015 | 34,015 |
| REGIMENT | FMV | ||
| ABERDEEN | FMV | 1,008,593 | 1,008,593 |
| WESTWOOD CAPITAL | FMV | 3,651,391 | 3,651,391 |
| RCP FUND | FMV | 720,305 | 720,305 |
| ABRAMS | FMV | 3,105,197 | 3,105,197 |
| CANYON VALUE | FMV | 3,449,525 | 3,449,525 |
| NEW ENTERPRISE ASSOCIATES 14LP | FMV | 2,123,667 | 2,123,667 |
| WP XI PARTNERS | FMV | 1,262,483 | 1,262,483 |
| CLAYTON DUBLIER | FMV | ||
| LANDSDOWNE | FMV | ||
| DEERFIELD | FMV | 987,582 | 987,582 |
| HIGHBROOK | FMV | 2,128,721 | 2,128,721 |
| TIGER GLOBAL VIII | FMV | 807,450 | 807,450 |
| TIGER GLOBAL IX | FMV | 1,221,762 | 1,221,762 |
| WP ENERGY | FMV | 452,842 | 452,842 |
| AURELIUS CAPITAL | FMV | ||
| CEVIAN CAPITAL | FMV | 4,138,914 | 4,138,914 |
| FOUR RIVERS | FMV | 544,891 | 544,891 |
| NEA 15 | FMV | 1,884,782 | 1,884,782 |
| WP XII PARTNERS | FMV | 1,902,830 | 1,902,830 |
| BERKSHIRE | FMV | 853,243 | 853,243 |
| FOUR RIVERS IV | FMV | 795,273 | 795,273 |
| MARBLE RIDGE | FMV | 501,837 | 501,837 |
| NEA 16 | FMV | 831,222 | 831,222 |
| NIPPON | FMV | 1,011,334 | 1,011,334 |
| BAIN CAPITAL | FMV | 1,043,812 | 1,043,812 |
| VENROCK | FMV | 1,772,994 | 1,772,994 |
| BLS | FMV | 2,741,361 | 2,741,361 |
| GOBI | FMV | 4,130,223 | 4,130,223 |
| FOUR RIVERS VENTURE | FMV | 151,032 | 151,032 |
| HELLEMAN & FRIEDMAN | FMV | 755,350 | 755,350 |
| NEA 17 | FMV | 313,913 | 313,913 |
| NITORIUM | FMV | 3,563,314 | 3,563,314 |
| WP GLOBAL GROWTH | FMV | 703,925 | 703,925 |
| CORRE OPPORTUNITIES | FMV | 3,253,343 | 3,253,343 |
| CDR FUND IX | FMV | 2,215,078 | 2,215,078 |
| CDR FUND X | FMV | 1,639,869 | 1,639,869 |
| CDR FUND XI | FMV | 4,725 | 4,725 |
| CONSONANCE | FMV | 2,528 | 2,528 |
| FOSSE CAPITAL | FMV | 2,000,000 | 2,000,000 |
| BBH FUNDS | FMV | 4,090,784 | 4,090,784 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 119,746 | 112,599 | 7,147 | 7,147 |
| Improvements | 10,829 | 5,820 | 5,009 | 5,009 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATION | 1,819 | 0 | 0 | 1,819 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SECURITY DEPOSITS | 61,877 | 61,877 | 61,877 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 106,674 | 106,538 | ||
| EQUIPMENT RENTAL AND MAINT. | 22,332 | 21,819 | ||
| FILING FEES | 1,525 | 1,525 | ||
| INSURANCE | 20,694 | 20,536 | ||
| INVESTMENT EXPENSE | 114,759 | 114,759 | 114,759 | |
| MEDICAL RESEARCH | 216,021 | 435,400 | ||
| Miscellaneous | 16,937 | 17,001 | ||
| OFFICE SUPPLIES & OTHER EXP | 4,228 | 5,232 | ||
| PAYROLL PROCESSING FEES | 9,702 | 2,536 | 2,636 | 7,166 |
| POSTAGE & DELIVERY | 10,095 | 11,888 | ||
| PROGRAM EXPENSE | 34,500 | 37,500 | ||
| STORAGE | 2,899 | 2,899 | ||
| TELEPHONE | 11,919 | 179 | 179 | 11,916 |
| Website | 39,692 | 43,268 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 INVESTMENTS UBIT | -2,157 | -2,157 | -2,157 |
| Other Investment Income | 890,153 | 1,038,218 | 1,038,218 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED EXCISE TAX | 240,000 | 300,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANTS - INVESTMENTS | 148,138 | 148,138 | 148,138 | 0 |
| CONSULTANTS - OTHER | 60,864 | 0 | 0 | 88,378 |
| CONSULTANTS - RETIREMENT | 750 | 0 | 0 | 750 |
| EMPLOYMENT AGENCY | 80,066 | 0 | 0 | 80,066 |
| INVESTMENT ADVISORY FEES | 551,371 | 551,371 | 551,371 | 0 |
| PUBLIC RELATIONS | 113,966 | 0 | 0 | 113,966 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 94,702 | |||
| FOREIGN TAXES | 46,292 | 46,292 | 46,292 | |
| PAYROLL TAXES | 53,546 | 7,879 | 7,879 | 45,667 |