| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 1,690 | 0 | 1,690 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| GOLDMAN SACHS 0043 | FMV | 3 | 3 |
| GOLDMAN SACHS 9961 | FMV | 10,005,064 | 10,158,426 |
| INVESTMENTS - PARTNERSHIPS | FMV | 35,546,519 | 32,172,236 |
| MORGAN STANLEY 0400 | FMV | 1,053,602 | 1,533,232 |
| UBS 3914 | FMV | 24,071 | 24,068 |
| UBS 9382 | FMV | 12,955,394 | 12,955,395 |
| US TRUST 9190 | FMV | 25,519,756 | 44,435,829 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INTEREST/DIVIDENDS | 450 | 381 | 381 |
| COLLABORATION CENTER (M1163) | 2,460,000 | 2,350,000 | 2,350,000 |
| DUE FROM ESCROW | 0 | 252 | 252 |
| ESTMATED TAX PAYMENTS | 301,939 | 175,537 | 175,537 |
| SWITCH SHARES RECEIVABLE | 3,114,638 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEE | 10,000 | 0 | 0 | |
| LICENSES, PERMITS & FILING FEES | 561 | 0 | 561 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| VARDE INVESTMENT PARTNERS (OFFSHORE), LTD. | 2,839,490 | 2,839,490 | 2,839,490 |
| THE VARDE EUROPE FUND (OFFSHORE), LP | 204,492 | 204,492 | 204,492 |
| UNREALIZED GAIN/LOSS | -4,541 | 0 | -4,541 |
| Description | Amount |
|---|---|
| PRIOR YEAR ADJUSTMENT FOR DONATED SECURITIES | 3,407,223 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OPTION DEPOSIT | 0 | 56,250 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEE - US TRUST 9190 | 187,018 | 187,018 | 0 | |
| MANAGEMENT FEE - STREAMLINED | 7,611 | 7,611 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 6,374 | 6,374 | 0 | |
| FEDERAL INCOME TAX | 161,723 | 161,723 | 0 |