| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT FEES | 100,044 | 75,033 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC | 1,477,814 | 1,581,784 |
| ANTHEM INC | 1,797,646 | 2,148,971 |
| BERKSHIRE HATHAWAY INC | 1,179,650 | 1,270,750 |
| BLACKROCK EMERGING FUND | 25,222,819 | 27,393,090 |
| CITIGROUP INC | 1,402,278 | 1,192,944 |
| MICROSOFT CORP | 541,157 | 633,963 |
| RBC BLUEBAY | 13,379,289 | 13,082,987 |
| CTF EMERGING | 5,771,810 | 5,624,121 |
| MARATHAN | 3,600,000 | 3,600,000 |
| PACIFIC ASSET MANAGEMENT BANK LOAN FUND LP | 7,194,450 | 7,265,510 |
| SSGA LONG | 15,900,000 | 16,390,237 |
| ABCAM PLC | 367,816 | 422,953 |
| ADOBE INC | 566,797 | 551,182 |
| ADVANCE AUTO PARTS INC | 486,580 | 546,926 |
| ADYEN NV | 512,136 | 457,383 |
| AIA GROUP LTD | 338,272 | 290,353 |
| ALCON INC | 440,700 | 475,588 |
| ALIBABA GROUP HOLDING LTD | 1,229,511 | 995,985 |
| AMERICAN EXPRESS CO | 1,153,536 | 1,100,537 |
| AMERICAN WATER WORKS CO INC | 330,823 | 364,878 |
| APPLE INC | 496,368 | 612,617 |
| APTIV PLC | 440,706 | 478,520 |
| BAE SYSTEMS PLC | 927,141 | 892,033 |
| BANK OF NEW YORK MELLON | 1,389,392 | 1,524,600 |
| BECTON DICKINSON AND CO | 363,785 | 363,389 |
| BIO-RAD LABORATORIES INC | 592,757 | 589,345 |
| BLOCK INC | 362,959 | 246,787 |
| BOOKING HOLDINGS INC | 365,132 | 369,481 |
| BRUKER CORP | 446,682 | 467,714 |
| BYD CO LTD | 326,208 | 359,055 |
| CALIX INC | 455,058 | 732,285 |
| CHR HANSEN HOLDING | 332,063 | 312,065 |
| CIE FINANCIERE | 961,951 | 1,358,603 |
| COINBASE GLOBAL INC | 236,736 | 260,193 |
| COMPASS GROUP PLC | 1,361,099 | 1,446,081 |
| DANAHER CORP | 688,539 | 733,034 |
| DANONE SA | 1,857,326 | 1,670,442 |
| DASSAULT SYST | 555,592 | 619,735 |
| DEERE & CO | 336,055 | 327,460 |
| DENTSPLY SIRONA INC | 782,976 | 743,681 |
| ERSTE GROUP BANK | 677,965 | 722,230 |
| EXPEDIA GROUP INC | 1,038,732 | 1,135,283 |
| FLEX LTD | 617,426 | 626,135 |
| GERRESHEIMER | 357,332 | 346,562 |
| GLAXOSMITHKLINE PLC | 358,917 | 376,741 |
| GROUPE BRUXELLES LAMBERT | 671,143 | 677,468 |
| HDFC BANK LTD | 652,148 | 577,171 |
| HEIDELBERGCEMENT | 1,365,992 | 1,222,344 |
| HEXCEL CORP | 425,072 | 367,314 |
| IMPERIAL OIL LTD | 509,969 | 590,750 |
| INFINEON TECHNOLOGIES | 496,208 | 555,254 |
| ING GROEP | 635,023 | 596,151 |
| KONINKLIJKE DSM | 518,374 | 575,523 |
| KONINKLIJKE PHILIPS | 1,756,989 | 1,494,289 |
| LABORATORY CORP OF AMERICA HOL | 686,481 | 748,448 |
| LLOYDS BANKING GROUP | 654,110 | 669,220 |
| LUMENTUM HOLDINGS INC | 605,946 | 753,929 |
| MARSH & MCLENNAN COS INC | 857,222 | 963,832 |
| MERCADOLIBRE INC | 225,834 | 183,382 |
| META PLATFORMS INC | 1,647,864 | 1,622,552 |
| MOTOROLA SOLUTIONS INC | 611,710 | 699,899 |
| MSCI INC | 720,379 | 712,559 |
| NETWORK INTERNATIONAL HOLDINGS | 174,535 | 140,950 |
| NEXTERA ENERGY INC | 433,616 | 512,173 |
| NIKE INC | 536,723 | 610,179 |
| NINTENDO CO LTD | 990,239 | 978,377 |
| NOVARTIS | 1,738,645 | 1,838,118 |
| NXP SEMICONDUCTORS | 480,377 | 545,761 |
| ORSTED | 318,232 | 295,118 |
| PARTNERS GROUP HOLDING | 587,013 | 612,536 |
| PROCTER & GAMBLE CO | 299,680 | 343,682 |
| PROGRESSIVE CORP | 772,856 | 863,594 |
| RECRUIT HOLDINGS CO LTD | 460,095 | 454,084 |
| ROCKWELL AUTOMATION INC | 582,371 | 676,769 |
| SAMSUNG ELECTRONICS CO LTD | 1,926,879 | 2,043,111 |
| SCHNEIDER ELECTRIC | 425,025 | 485,989 |
| SHELL PLC | 557,496 | 548,969 |
| SMC CORP | 442,694 | 471,651 |
| SODEXO | 304,498 | 294,971 |
| SOUTHWEST AIRLINES CO | 833,948 | 705,660 |
| STERIS PLC | 497,404 | 574,691 |
| SVB FINANCIAL GROUP | 834,981 | 850,513 |
| TAIWAN SEMICONDUCTOR | 356,331 | 380,180 |
| TELEFONAKTIEBOLAGET | 378,056 | 372,119 |
| TELEFONICA BRASIL | 470,897 | 523,360 |
| TETRA TECH INC | 375,542 | 417,878 |
| TOMRA SYSTEMS | 441,086 | 547,401 |
| TOPBUILD CORP | 509,436 | 657,494 |
| TREX CO INC | 465,858 | 595,752 |
| UBS GROUP | 1,306,211 | 1,450,435 |
| VESTAS WIND SYSTEMS | 533,896 | 390,658 |
| VISA INC | 388,654 | 370,791 |
| WASTE MANAGEMENT INC | 692,193 | 758,227 |
| WOLFSPEED INC | 278,305 | 380,465 |
| XYLEM INC | 408,581 | 382,425 |
| ACADIAN INTERNATIONAL SMALL CAP FUND | 8,600,000 | 8,889,867 |
| OWNERSHIP CAPITAL GLOBAL EQUITY (USD) FUND L.P. | 27,481,745 | 28,077,597 |
| BGF POSITIVE CHGE EQTS-INST | 4,514,372 | 3,947,048 |
| BOSTON TR WALDEN SM CAP | 14,686,996 | 14,522,911 |
| ISHARES CORE S&P 500 ETF | 30,302,728 | 33,531,920 |
| ISHARES MSCI EAFE ETF | 13,886,277 | 13,598,894 |
| NINETY ONE GLBL ENVIRON-INST | 4,220,957 | 4,478,351 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ALPHADYNE INTERNATIONAL FUND | FMV | 1,359,625 | 1,703,569 |
| APTITUDE ALTERNATIVE EQUITY | FMV | 3,000,000 | 3,063,603 |
| ARISTEIA INTERNATIONAL LIMITED | FMV | 0 | 97,479 |
| AURELIUS CAPITAL MANAGEMENT | FMV | 0 | 43,233 |
| GOLDEN TREE HIGH YIELD FUND | FMV | 0 | 37,825 |
| LUXOR CAPITAL PARTNERS | FMV | 1,000,000 | 2,015,983 |
| OZ MASTER FUND | FMV | 0 | 4,495 |
| PALMETTO FUND LTD | FMV | 323,299 | 266,652 |
| SILVER POINT CAP OFFSHORE FD | FMV | 0 | 922,505 |
| STEADFAST | FMV | 1,000,000 | 2,273,841 |
| VALUEACT CAP PARTNERS | FMV | 1,500,000 | 2,443,012 |
| VIKING GLOBAL EQUITIES III LTD | FMV | 911,164 | 3,181,930 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES & EQUIPMENT | 21,203 | 10,602 | 0 | 0 |
| MISCELLANANEOUS EXPENSE | 13,404 | 6,702 | 0 | 0 |
| OTHER EXPENSE | 0 | 48,815 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PARTNERSHIP INCOME | 0 | 77,975 | 0 |
| MISCELLANEOUS INCOME | 1,221 | 1,221 | 0 |
| Description | Amount |
|---|---|
| IN-KIND AND SERVICE CONTRIBUTIONS | 258,557 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED TAX LIABILITY | 910,002 | 1,127,290 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EAGLE MANAGEMENT | 159,345 | 159,345 | 0 | 0 |
| PROFESSIONAL SERVICES | 311,344 | 52,723 | 0 | 0 |
| RUSSELL 1000 EQUITY INDEX FUND | 7,036 | 7,036 | 0 | 0 |
| BLACKROCK EMERGING FUND | 24,196 | 24,196 | 0 | 0 |
| SPRUCEGROVE INVESTMENT | 55,536 | 55,536 | 0 | 0 |
| WELLINGTON TRUST CO | 129,496 | 129,496 | 0 | 0 |
| PACIFIC ASSET MANAGEMENT | 3,712 | 3,712 | 0 | 0 |
| OWNERSHIP CAPITAL | 17,943 | 17,943 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX EXPENSE | 375,287 | 0 | 0 | 0 |
| FOREIGN TAXES PAID | 0 | 76,657 | 0 | 0 |