| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,750 | 4,750 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| QUEST DIAGNOSTICS INC 3.5 25 | 529,445 | 527,905 |
| SOUTHERN CO4.2 60 | 500,000 | 520,000 |
| MORGAN STANLEY 4.25% | 250,000 | 252,300 |
| JPMORGAN CHASE & CO VAR OCT 15 2030 | 552,689 | 514,235 |
| AID-ISRAEL 0 23 | 55,608 | 146,780 |
| ALLY FINANCIAL / GEN MOTORS 8 31 | 257,422 | 343,945 |
| WALMART 3.7 28 | 297,038 | 280,080 |
| JP MORGAN CHASE 4.625 | 500,000 | 522,200 |
| PEPSICO 3. 27 | 283,943 | 268,160 |
| CANADIAN PACIFIC 4.45 23 | 260,817 | 258,313 |
| GOLDMAN SACHS 3.8 30 | 295,563 | 275,465 |
| JP MORGAN CHASE 3.2 26 | 272,450 | 265,243 |
| BERKSHIRE HATHAWAY 3.125 26 | 280,475 | 0 |
| CIGNA 4.375 28 | 281,420 | 284,350 |
| WALT DISNEY 2.55 22 | 260,700 | 250,648 |
| ANHEUSER BUSCH 4 2028 | 284,100 | 278,283 |
| ANHEUSER BUSCH 4 .75 2029 | 309,733 | 291,220 |
| CAMPBELL SOUP 2.5 22 | 256,338 | 252,660 |
| ALTRIA GROUP 2.85 22 | 254,065 | 253,418 |
| ESTEE LAUDER 2.35 22 | 508,412 | 505,735 |
| PHILIP MORRIS 2.5 22 | 257,460 | 253,158 |
| UNION PACIFIC 2.95 23 | 266,992 | 254,368 |
| BANK OF NY MELLON 3 28 | 280,888 | 266,360 |
| BANK OF NY MELLON 3 4.625 49 | 1,053,755 | 1,045,000 |
| GENERAL MTRS FINCL CO INC | 965,095 | 1,070,000 |
| PETROBRAS GLOBAL FINANCE | 1,100,005 | 1,046,250 |
| CITIGROUP INC 4 80 | 2,815,318 | 2,770,625 |
| FIFTH THIRD BANCORP 3.349 49 | 2,691,623 | 2,739,672 |
| SCHWAB CHARLES CORP NEW | 2,312,218 | 2,232,100 |
| KIMBERLY-CLARK 2.4 22 | 258,675 | 250,875 |
| NORFOLK SOUTHERN 3 22 | 263,160 | 250,433 |
| MERCK 2.4 22 | 254,074 | 252,193 |
| INTEL 2.7 22 | 253,520 | 255,173 |
| BERKSHIRE HATHAWAY 3 23 | 250,378 | 256,380 |
| VERIZON COMMUNICATIONS 4.016 29 | 298,375 | 280,533 |
| APPLE 2.4 23 | 91,156 | 102,385 |
| VERIZON COMMUNICATIONS 6.4 33 | 111,180 | 136,070 |
| NORFOLK SOUTHERN 7.05 37 | 127,375 | 142,238 |
| BOEING 6.875 | 134,805 | 138,481 |
| APPLE 3.85 43 | 84,410 | 117,758 |
| JP MORGAN CHASE 4.6 50 | 6,866,335 | 7,312,031 |
| JP MORGAN CHASE 4.86 49 | 4,994,211 | 4,999,948 |
| JP MORGAN CHASE 4.86 49 | 1,896,032 | 2,007,425 |
| MORGAN STANLEY | 1,945,005 | 2,001,015 |
| GOLDMAN SACHS 3.25 22 | 253,925 | 250,173 |
| WELLS FARGO 3.45 23 | 251,070 | 257,233 |
| HALLIBURTON 3.5 23 | 256,900 | 258,120 |
| WELLS FARGO 4.48 24 | 264,725 | 265,550 |
| COLGATE PALMOLIVE 3.25 24 | 251,950 | 262,155 |
| VIACOM 3.875 24 | 259,387 | 263,273 |
| PFIZER 3 23 | 258,257 | 258,738 |
| PFIZER 3.45 29 | 296,165 | 275,353 |
| BRISTOL MYERS SQUIBB 3.25 23 | 263,197 | 260,910 |
| HONEYWELL INTL 3.35 23 | 268,440 | 261,240 |
| JOHNSON & JOHNSON 3.375 23 | 271,932 | 262,430 |
| JP MORGAN CHASE 3.875 24 | 267,275 | 264,700 |
| BANK OF NY MELLON 3.65 24 | 269,205 | 263,153 |
| WALMART 3.3 24 | 533,607 | 524,200 |
| MCDONALDS 3.25 24 | 263,703 | 262,740 |
| GOLDMAN SACHS 3.85 24 | 263,100 | 264,275 |
| AETNA 3.5 24 | 521,540 | 527,475 |
| CBS CORP 4.00 26 | 274,301 | 270,038 |
| CITIGROUP INC 4.4 25 | 267,726 | 272,350 |
| MCDONALDS 3.375 25 | 265,044 | 265,800 |
| MONSANTO CO 5.5 25 | 301,172 | 272,260 |
| MCKESSON CORP 3.796 24 | 272,350 | 262,470 |
| NEWELL RUBBERMAID 4 24 | 262,899 | 261,563 |
| ORACLE CORP 2.95 25 | 262,062 | 259,670 |
| VENTAS REALTY 3.5 25 | 257,591 | 263,625 |
| VISA INC 3.15 25 | 533,240 | 533,160 |
| SYSCO CORP 3.75 25 | 272,740 | 268,015 |
| SOUTHERN POWER CO 4.15 25 | 268,484 | 272,010 |
| 21ST CENTURY FOX AMERICA 3.7 25 | 273,880 | 263,503 |
| AMERICAN EXPRESS CO 3.625 24 | 516,476 | 534,350 |
| AT&T 4.125 26 | 271,915 | 272,815 |
| BERKSHIRE HATHAWAY 3.125 26 | 266,035 | 267,705 |
| INGERSOLL RAND 4.25 23 | 282,449 | 261,363 |
| COMCAST CORP 3.375 25 | 270,608 | 265,358 |
| GOLDMAN SACHS 3.5 25 | 261,904 | 263,528 |
| METLIFE 3.6 24 | 268,545 | 263,910 |
| THOMSON REUTERS 3.85 24 | 266,738 | 264,225 |
| VODAFONE GROUP INC 2.950 23 | 255,270 | 255,350 |
| AMERICAN INTL GROUP 3.9 26 | 273,955 | 271,085 |
| INTEL CORP 3.7 25 | 284,168 | 269,870 |
| LOCKHEED MARTIN 3.55 26 | 277,523 | 270,750 |
| MICROSOFT CORP 3.125 25 | 533,979 | 533,610 |
| PFIZER INC 3.4 24 | 280,408 | 264,840 |
| UNITED HEALTH GROUP INC 3.75 25 | 281,848 | 271,185 |
| WALT DISNEY COMPANY 3.0 26 | 529,813 | 529,180 |
| APPLE INC 3.25 26 | 260,397 | 267,368 |
| EXXON MOBIL CORPORATION 3.043 26 | 257,907 | 264,605 |
| WALGREENS BOOTS ALLIANCE 3.45 26 | 251,716 | 266,135 |
| SOUTHERN CO 3.25 26 | 249,516 | 264,598 |
| CITIGROUP INC 4.45 27 | 536,514 | 557,845 |
| TIME WARNER INC 3.875 26 | 261,600 | 266,705 |
| 3M COMPANY 3.00 25 | 264,110 | 264,763 |
| CONOCOPHILLIPS COMPANY 4.95 26 | 287,116 | 282,175 |
| THOMSON REUTERS 3.35 26 | 251,857 | 265,443 |
| PFIZER INC 3.00 26 | 257,555 | 268,873 |
| MICROSOFT CORP 3.300 27 | 263,578 | 272,603 |
| BRISTOL MYERS SQUIBB 3.25 27 | 529,863 | 538,320 |
| HUMANA INC 3.95 27 | 532,323 | 546,755 |
| MERCK & CO INC 2.75 25 | 257,015 | 261,888 |
| PEPSICO 2.85 26 | 257,724 | 263,498 |
| US BANCORP 3.10 26 | 513,907 | 528,635 |
| US BANCORP 3.75 26 | 500,000 | 479,200 |
| UNITEDHEALTH GROUP INC 3.45 27 | 267,602 | 272,205 |
| APPLE INC 3.35 27 | 264,429 | 271,488 |
| INTEL CORP 3.15 27 | 257,577 | 268,178 |
| MCDONALDS CORP 3.7 26 | 271,783 | 269,098 |
| WELLS FARGO & COMPANY 4.30 27 | 271,307 | 278,700 |
| STATE STREET CORP 3.30 24 | 254,880 | 266,183 |
| ALLSTATE CORP 3.28 26 | 269,375 | 268,658 |
| CATERPILLAR INC 2.6 29 | 257,280 | 261,688 |
| PNC BANK 3.25 28 | 268,745 | 268,810 |
| STARBUCKS CORP 3.5 28 | 271,945 | 270,580 |
| STARBUCKS CORP 3.5 29 | 293,698 | 273,293 |
| STARBUCKS CORP 3.5 28 | 276,175 | 270,580 |
| WALMART INC 3.25 29 | 273,425 | 274,993 |
| BANK OF NY MELLON CORP VAR% 28 | 269,750 | 268,390 |
| ANHEUSER-BUSCH 3.65 26 | 265,880 | 268,540 |
| AMAZON.COM INC 5.2 25 | 562,130 | 284,588 |
| HOME DEPOT INC 3.35 25 | 266,945 | 267,000 |
| CATERPILLAR INC 3.4 24 | 264,898 | 262,438 |
| COMCAST CORP 3.3 27 | 262,680 | 268,720 |
| METLIFE INC 3 25 | 259,528 | 262,945 |
| NORTHERN TRUST CORP 3.65 28 | 852,585 | 817,153 |
| VERIZON COMMUNICATIONS 3.376 25 | 263,525 | 266,038 |
| STATE STREET CORP 2.65 26 | 254,383 | 263,655 |
| TARGET CORP 2.65 30 | 572,622 | 524,635 |
| TARGET CORP 3.5 24 | 268,075 | 265,123 |
| WALMART INC 3.55 25 | 269,910 | 269,933 |
| BANK OF NY MELLON CORP 3.25 27 | 262,900 | 269,528 |
| PRUDENTIAL FINANCIAL INC 3.878 28 | 343,764 | 343,992 |
| AMAZON.COM INC 3.15 27 | 268,848 | 540,365 |
| MCKESSON CORP 3.95 28 | 267,420 | 274,688 |
| PEPSICO INC 3 27 | 268,188 | 268,160 |
| VENTAS REALTY LP 3.85 27 | 268,553 | 272,115 |
| ANTHEM INC 3.65 27 | 269,068 | 274,450 |
| ANTHEM INC 2.875 2029 | 269,117 | 261,903 |
| METLIFE INC 4.75 | 250,000 | 266,800 |
| CAPITAL ONE FINCL CO | 250,000 | 260,200 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC | 1,263,783 | 2,893,590 |
| AMAZON INC | 917,491 | 1,667,170 |
| MICROSOFT CORP | 572,567 | 1,681,600 |
| MICROSOFT CORP | 1,200,719 | 1,917,024 |
| LOWE'S COMPANIES INC | 165,840 | 2,843,280 |
| WALMART STORES | 697,368 | 1,446,900 |
| WALMART INC | 1,777,959 | 2,170,350 |
| VORNADO REALTY TRUST | 4,787,919 | 3,646,173 |
| JBG SMITH PROPERTIES | 184,544 | 200,970 |
| JBG SMITH PROPERTIES | 1,807,250 | 1,968,128 |
| AVALON BAY COMM REIT | 4,045,064 | 6,209,925 |
| ILLUMINA INC COM | 2,922,413 | 3,119,608 |
| ESSEX PROPERTY TRUST REIT | 196,680 | 1,056,690 |
| INTEL | 450,404 | 925,713 |
| APPLE INC | 366,460 | 4,616,820 |
| APPLE INC | 885,142 | 11,151,396 |
| CHEVRON | 146,881 | 199,495 |
| COCA COLA | 196,077 | 355,260 |
| ELI LILLY | 261,633 | 1,574,454 |
| MONDELEZ INTERNATIONAL | 129,572 | 391,229 |
| CITI GROUP SER J 7.125 PFD | 500,000 | 547,200 |
| VORNADO REALTY TRUST SER M 5.25 | 125,000 | 127,800 |
| WELLS FARGO 5.85 PFD | 500,000 | 535,800 |
| ARCHER DANIELS MIDLAND | 566,777 | 905,638 |
| BRISTOL MEYERS SQUIBB | 258,600 | 311,750 |
| NOVARTIS | 337,781 | 437,350 |
| ORACLE | 684,600 | 1,744,200 |
| WALT DISNEY CO | 48,518 | 150,243 |
| VERIZON COMMUNUCATIONS | 110,713 | 119,560 |
| GOLDMAN SACHS CAPITAL II | 1,897,505 | 1,960,000 |
| JP MORGAN CHASE & CO | 3,040,005 | 3,211,880 |
| CITIGROUP | 4,102,885 | 4,120,000 |
| ENERGY TRANSFER OPER LP | 7,812,947 | 8,739,150 |
| GOLDMAN SACHS CAPITAL II | 940,005 | 980,000 |
| PAYPAL | 589,504 | 565,740 |
| AMAZON INC | 1,430,159 | 6,335,246 |
| JP MORGAN CHASE & CO 4.55 | 250,000 | 261,100 |
| VERIZON COMMUNICATIONS COM | 146,413 | 129,900 |
| FIRST REPUBLIC BANK 5.125 PFD | 250,000 | 255,400 |
| FIRST REPUBLIC BANK 4.50 PFD | 400,000 | 416,000 |
| FIRST REPUBLIC BANK 4.7 PFD | 250,000 | 268,900 |
| VIACOMCBSINC | 152,094 | 301,800 |
| ADVERUM BIOTECHNOLOGIES INC | 576,786 | 88,000 |
| ADVERUM BIOTECHNOLOGIES | 2,432,564 | 344,779 |
| ILLUMINA INC | 714,658 | 760,880 |
| AT&T INC 5 PFD SERIES A | 500,000 | 536,000 |
| BANK OF AMERICA CORP 5.375 PFD | 250,000 | 268,200 |
| BANK OF AMERICA CORP 4.125 | 250,000 | 254,100 |
| BLACKROCK ESG CAP | 500,000 | 466,250 |
| IVERIC BIO INC | 526,980 | 1,337,600 |
| JOHNSON CONTROLS INTER | 695,500 | 1,626,200 |
| TESLA INC | 2,480,040 | 5,600,934 |
| MCDONALDS CORP | 147,509 | 187,649 |
| BX STRATEGIC PARTNERS | 20,000 | 20,000 |
| BX STRATEGIC PARTNERS | 95,000 | 95,000 |
| JOHNSON AND JOHNSON COM | 139,881 | 153,963 |
| PFIZER INC | 182,044 | 295,250 |
| ALEXANDRIA REAL ESTATE EQTS | 517,055 | 668,880 |
| DISNEY (WALT) CO COM STK | 143,034 | 123,912 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MERRIL LYNCH CMA FUND | AT COST | 3,294,676 | 3,294,676 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER INVESTMENT EXPENSES | 540 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME | 4,970 | 4,970 | 4,970 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 641,000 | 0 | 0 | |
| TAX WITHHOLDING | 2,306 | 0 | 0 |