| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| STOCKS | 1,625,000 | 1,625,000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS | FMV | 276,188,974 | 258,303,213 |
| LIMITED PARTNERSHIPS | AT COST | 36,236,201 | 35,361,283 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NB CROSSROADS FUND XVIII | 8,161 | 8,161 | 8,161 |
| OTHER INCOME - MS AIP GLOBAL DIV FUND PRIVATE FUND | -1,707 | -1,707 | -1,707 |
| NONDIVIDEND DISTRIBUTIONS INCOME FROM STEPHENS | 20,170 | 0 | 20,170 |
| CHANGE IN INVESTMENTS | 29,571 | 0 | 29,571 |
| OTHER INCOME - STEPHENS | 127 | 127 | 127 |
| STERLING GROUP III BOOK TO TAX DIFFERENCES | -981,587 | -981,587 | |
| STERLING GROUP II BOOK TO TAX DIFFERENCES | 80 | 80 | |
| NB CROSSROADS BOOK TO TAX DIFFERENCES | -62,278 | -62,278 | |
| STERLING GROUP IV (PARALLEL) BOOK TO TAX DIFFERENCES | 4,702,405 | 4,702,405 | |
| STERLING GROUP CREDIT FUND (PARALLEL), LP BOOK TO TAX DIFFERENCES | -3,686 | -3,686 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES - UBS | 336,221 | 336,221 | 0 | |
| NB CROSSROADS FUND XVIII | 37,083 | 37,083 | 0 | |
| INVESTMENT MANAGEMENT FEES - U.S. TRUST | 257,547 | 257,547 | 0 | |
| INVESTMENT MANAGEMENT FEES - STEPHENS | 315,116 | 315,116 | 0 | |
| INVESTMENT MANAGEMENT FEES - MORGAN STANLEY | 500 | 500 | 0 | |
| INVESTMENT MANAGEMENT FEES - BESSEMER TRUST | 133,414 | 133,414 | 0 | |
| STERLING GROUP PARTNERS II ( PARALLEL), LP | 1,480 | 1,480 | 0 | |
| STERLING GROUP PARTNERS III ( PARALLEL), LP | 12,691 | 12,691 | 0 | |
| STERLING GROUP PARTNERS IV ( PARALLEL), LP | 1,068,931 | 1,068,931 | 0 | |
| STERLING GROUP CREDIT FUND ( PARALLEL), LP | 225,762 | 225,762 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 341,014 | 0 | 0 | |
| FOREIGN TAXES PAID | 134,322 | 134,322 | 0 | |
| FOREIGN TAXES PAID - CROSSROADS | 241 | 241 | 0 |