| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX PREPARATION | 34,408 | 0 | 28,750 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GQG PARTNERS EMERGING MARKETS EQUITY FUND (GQGIX) 284,753.580 SHARES | FMV | 5,111,327 | 5,111,327 |
| FIDELITY REAL ESTATE INDEX FUND (FSRNX) 303,259.084 SHARES | FMV | 4,403,322 | 4,403,322 |
| HARDING LOEVNER INT'L EQUITY (HLMIX) 320,409.141 SHARES | FMV | 9,106,027 | 9,106,027 |
| OAKMARK INT'L FUND (OAKIX) 345,470.492 SHARES | FMV | 9,002,961 | 9,002,961 |
| PIMCO STOCKPLUS SMALL FUND (PSCSX) 401,342.369 SHARES | FMV | 4,438,847 | 4,438,847 |
| VANGUARD LARGE CAP INDEX INSTITUTIONAL FUND (VLISX) 61,356.215 SHARES | FMV | 22,421,402 | 22,421,402 |
| ARTISAN HIGH INCOME FUND 290,114.549 SHARES | FMV | 2,933,058 | 2,933,058 |
| DFA WORLD EX US GOV'T FXD INC I 129,749.460 SHARES | FMV | 1,389,616 | 1,389,616 |
| DODGE COX INCOME FUND (DODIX) 701,351.091 SHARES | FMV | 10,274,794 | 10,274,794 |
| EATON VANCE EMERGING MARKETS FUND (EEIIX) 300,851.674 SHARES | FMV | 1,621,591 | 1,621,591 |
| JP MORGAN CORE BOND FUND I (WOBDX) 833,488.933 SHARES | FMV | 10,235,244 | 10,235,244 |
| PIMCO INT'L BOND FUND (UNHEDGED) (PFUAX) 157,739.275 SHARES | FMV | 1,692,543 | 1,692,543 |
| VANGUARD INFLATION PROTECTED SECS FUND (VIPSX) 57,020.908 SHARES | FMV | 1,614,832 | 1,614,832 |
| 400 CAPITAL CREDIT OPP FUND, LTD | FMV | 1,203,103 | 1,203,103 |
| ALLIED INVENTORS FUND, LLC | FMV | 278,550 | 278,550 |
| ANCHOR BOLT OFFSHORE FUND, LTD | FMV | 580,938 | 580,938 |
| ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD | FMV | 32,123 | 32,123 |
| ARGA EMERGING MARKETS EQUITY FUND | FMV | 4,427,277 | 4,427,277 |
| ARGONAUT PRIVATE EQUITY FUND IV | FMV | 579,272 | 579,272 |
| Q-BLK PRIVATE CAPITAL II PARALLEL, LP | FMV | 1,282,261 | 1,282,261 |
| BLUE SEA CAPITAL FUND II, LP | FMV | 509,111 | 509,111 |
| CANAAN NATURAL GAS FUND IX | FMV | 25,833 | 25,833 |
| CANAAN NATURAL GAS FUND X | FMV | 72,076 | 72,076 |
| CAPITAL TODAY CHINA GROWTH FUND, LP | FMV | 602,424 | 602,424 |
| CAPULA GLOBAL RELATIVE VALUE FUND, LTD | FMV | 1,228,012 | 1,228,012 |
| CEVIAN CAPITAL II, LTD | FMV | 1,182,813 | 1,182,813 |
| DAVIDSON KEMPNER INT'L (BVI), LTD | FMV | 1,719,881 | 1,719,881 |
| FIELD STREET OFFSHORE FUND, LTD | FMV | 867,080 | 867,080 |
| FS EQUITY PARTNERS VIII, LP | FMV | 276,339 | 276,339 |
| GLOUSTON PRIVATE EQUITY OPPS II, LP | FMV | 432,203 | 432,203 |
| HARVEST MLP INCOME FUND III, LLC | FMV | 3,068,330 | 3,068,330 |
| HBK MULTI-STRATEGY OFFSHORE FUND, LTD | FMV | 1,167,529 | 1,167,529 |
| LITTLEJOHN FUND VI, LP | FMV | 649,323 | 649,323 |
| LUMINATE CAPITAL PARTNERS II, LP | FMV | 699,942 | 699,942 |
| MEANINGFUL PARTNERS DC VEHICLE I, LP | FMV | 508,315 | 508,315 |
| METROPOLITAN REAL ESTATE PARTNERS IV-A, LP | FMV | 415,319 | 415,319 |
| MIDOCEAN CREDIT OPP OFFSHORE FUND, LTD | FMV | 1,008,670 | 1,008,670 |
| MW EUREKA FUND | FMV | 1,841,490 | 1,841,490 |
| P4G CAPITAL PARTNERS I-A, LP | FMV | 198,336 | 198,336 |
| PANGAEA TWO, LP | FMV | 3,005,164 | 3,005,164 |
| PIMCO BRAVO FUND ONSHORE FEEDER I, LP | FMV | 21,235 | 21,235 |
| PSAM WORLDARB FUND, LTD | FMV | 1,308,873 | 1,308,873 |
| QUESTA CAPITAL PARTNERS I, LP | FMV | 1,425,712 | 1,425,712 |
| RESOURCE LAND VALUE IV, LLC | FMV | 820,760 | 820,760 |
| SCULPTOR OVERSEAS FUND II, LTD | FMV | 184 | 184 |
| SEEDING & STRATEGIC CAPITAL FUND II, LP | FMV | 272,177 | 272,177 |
| SENATOR GLOBAL OPP OFFSHORE FUND, LTD | FMV | 1,459,372 | 1,459,372 |
| SUVRETTA OFFSHORE FUND, LTD | FMV | 1,428,217 | 1,428,217 |
| TRUEBRIDGE CAPITAL PARTNERS FUND VI (CAYMAN), LP | FMV | 113,639 | 113,639 |
| VALINOR CAPITAL PARTNERS OFFSHORE, LTD | FMV | 1,837,423 | 1,837,423 |
| WEISS MULTI-STRAT PARTNERS (CAYMAN), LTD | FMV | 3,500,295 | 3,500,295 |
| WELLINGTON SMALL CAP OPPORTUNITIES FUND | FMV | 2,423,818 | 2,423,818 |
| QUESTA CAPITAL PARTNERS II, LP | FMV | 358,218 | 358,218 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE AND EQUIPMENT | 77,648 | 73,964 | 3,684 | 3,684 |
| LEASEHOLD IMPROVEMENT | 646,325 | 53,860 | 592,465 | 592,465 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 7,390 | 0 | 4,403 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TAX DEPOSITS | 23,384 | 78,738 | 78,738 |
| INVESTMENT PROCEEDS RECEIVABLE | 1,351,781 | 1,351,781 |
| Description | Amount |
|---|---|
| TO ADJUST BEGINNING NET ASSETS TO AGREE TO FINANCIAL STATEMENTS | 804,877 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 4 | 4 | 0 | |
| SOFTWARE LICENSING | 20,758 | 0 | 20,758 | |
| INSURANCE | 17,647 | 0 | 18,657 | |
| DUES AND SUBSCRIPTIONS | 59,164 | 0 | 59,164 | |
| OFFICE EQUIPMENT | 104,211 | 0 | 104,420 | |
| OFFICE EXPENSE | 25,541 | 0 | 25,039 | |
| PAYROLL PROCESSING FEES | 838 | 0 | 838 | |
| TELEPHONE AND INTERNET | 10,528 | 0 | 10,528 | |
| CAPACITY BUILDING | 38,166 | 0 | 38,166 | |
| PROFESSIONAL DEVELOPMENT | 1,872 | 0 | 1,872 | |
| OTHER PARTNERSHIP EXPENSES | 0 | 395,222 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PARTNERSHIP LOSS | 0 | -161,634 | 0 |
| LITIGATION PROCEEDS | 436 | 436 | 436 |
| UBIT PARTNERSHIP LOSS THROUGH K-1 | -252,593 | -252,593 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 11,475,818 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED INCOME TAX | 13,881 | 0 |
| PENSION PAYABLE | 0 | 89,359 |
| CAPITAL REQUIREMENTS | 0 | 28,677 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMMUNICATIONS AND SOCIAL MEDIA CONSULTANTS | 15,245 | 0 | 15,245 | |
| PROGRAM CONSULTANTS | 22,000 | 0 | 22,000 | |
| COMPUTER CONSULTANTS | 10,800 | 0 | 10,800 | |
| OTHER CONSULTANTS | 12,154 | 0 | 6,154 | |
| INVESTMENT CONSULTANTS | 118,691 | 118,691 | 0 | |
| INVESTMENT ADVISORY FEES | 665,614 | 206,361 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 7,215 | 7,300 | 0 |