| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING & TAX SERVICES | 97,826 | 13,017 | 83,309 | |
| AUDIT FEES | 0 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GUGGENHEIM TOTAL RETURN BOND FD CL I | 2,188,967 | 2,266,512 |
| PERFORMANCE TRUST STRATEGIC BOND FUND | 2,269,191 | 2,252,478 |
| PIMCO INCOME FUND INSTITUTIONAL FUND | 2,226,480 | 2,246,919 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIDELITY GOVT CASH RESERVES | 217,840 | 217,840 |
| POTLATCH CORP NEW COM | 24,344 | 346,565 |
| WEYERHAEUSER CO | 173,146 | 961,018 |
| VANGUARD PRIMECAP CORE FD | 799,167 | 1,771,120 |
| BARON SMALL CAP FD INSTL CL | 1,284,735 | 1,629,008 |
| CLEARWATER SELECT EQUITY FUND | 2,085,764 | 2,880,097 |
| ROCK ISLAND COMPANY | 4,066 | 16,592 |
| THIRD AVENUE REAL ESTATE VALUE FUND | 927,310 | 1,276,346 |
| CLEARWATER INTERNATIONAL FUND | 4,399,262 | 5,392,657 |
| VANGUARD S&P 500 FUND | 1,580,336 | 2,195,511 |
| VANGUARD SELECTED VALUE FUND | 1,386,971 | 1,789,139 |
| VANGUARD EMERGING MKTS STK INDEX FUND | 983,780 | 1,076,977 |
| WCM FOCUSED EMERGING MARKETS FUND INSTL | 697,599 | 754,258 |
| VANGUARD REIT INDEX FUND ADM | 915,803 | 1,293,842 |
| AQR EMERGING MULTI STYLE FUND CL R6 | 885,840 | 1,210,346 |
| VANGUARD 500 INDEX FD ADM SHS | 273 | 2,649 |
| ROUNDING | 3 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MORGAN STANLEY PRIVATE MARKETS FUND VI LP (CAYMAN) | AT COST | 896,770 | 1,072,774 |
| SPELL CAPITAL MEZZANINE SBIC II LP | AT COST | 770,000 | 1,141,067 |
| SPELL CAPITAL MEZZANINE SBIC LP | AT COST | 0 | 634,043 |
| MORGAN STANLEY PRIVATE MARKETS FUND VII LP (CAYMAN) | AT COST | 804,102 | 1,150,405 |
| PORTFOLIO ADVISORS PRIVATE EQUITY FUND X (OFFSHORE), LP | AT COST | 556,773 | 730,619 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 332 | 0 | 332 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CRAFT3 - 1.5% NOTE DUE 12/30/21 | 192,650 | 0 | 0 |
| CRAFT3 - 1% NOTE DUE 12/30/22 | 0 | 191,300 | 191,300 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENTS | 35,614 |
| NON TAXABLE DIFFERENCE BETWEEN COST & FMV | 119,591 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BOARD OF TRUSTEES EXPENSES | 11,400 | 0 | 26,400 | |
| MEMBERSHIP FEES - | 1,500 | 0 | 1,500 | |
| MISCELLANEOUS EXPENSES | 8,200 | 0 | 8,200 | |
| PARTNERSHIP EXPENSES | 29,627 | 0 | 0 | |
| SPELL CAP MEZZANINE PARTNERS #37-1661465 | 0 | 0 | 0 | |
| SEC. 179 | 0 | 2,036 | 0 | |
| PORTFOLIO DEDUCTIONS | 0 | 698 | 0 | |
| SPELL CAP MEZZANINE PARTNERS II #35-2600658 | 0 | 0 | 0 | |
| SEC. 179 | 0 | 146 | 0 | |
| PORTFOLIO DEDUCTIONS | 0 | 8,581 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FEDERAL EXCISE TAX REFUND | 44,366 | 0 | 44,366 |
| FEDERAL UBTI TAX REFUND | 4,600 | 0 | 4,600 |
| PARTNERSHIP INCOME | 981,875 | 0 | 981,875 |
| SPELL CAPITAL MEZZANINE 37-1661465 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | 66,871 | 0 |
| LESS UBTI | 0 | -28,475 | 0 |
| INTEREST | 0 | 399 | 0 |
| DIVIDENDS | 0 | 371 | 0 |
| SPELL CAPITAL MEZZANINE II 35-2600658 | 0 | 0 | 0 |
| ORDINARY INCOME | 0 | 196,154 | 0 |
| INTEREST | 0 | 70 | 0 |
| OTHER INCOME | 0 | 1 | 0 |
| LESS UBTI | 0 | -23,327 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING EXPENSES | 0 | 0 | 0 | |
| CONSULTING FEES | 84,588 | 0 | 84,588 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 44,367 | 0 | 0 | |
| FEDERAL UBTI TAX | 4,600 | 0 | 0 | |
| FOREIGN TAXES | 0 | 20,674 | 0 |