| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MORGAN STANLEY ACCT. | 799,016 | 1,509,087 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CARLYLE GROUP PRIVATE INVESTMENT | AT COST | 4,477,372 | 6,833,413 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 312,450 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CARLYLE K-1 - ROYALTY INCOME DEDUCTIONS | 602 | 602 | 0 | 0 |
| CARLYLE K-1 - SECTION 59(E)(2) EXPENDITURES | 10,398 | 10,398 | 0 | 0 |
| CARLYLE K-1 - EXCESS BUSINESS INTEREST EXPENSE | 4 | 4 | 0 | 0 |
| CARLYLE K-1 - OTHER DEDUCTIONS | 19,368 | 19,368 | 0 | 0 |
| CARLYLE K-1 - PORTFOLIO EXPENSES | 43,533 | 43,533 | 0 | 0 |
| CARLYLE K-1 - SECTION 743(B) NEGATIVE ADJUSTMENT | 25 | 25 | 0 | 0 |
| CARLYLE K-1 - CHARITY | 80 | 0 | 0 | 0 |
| CARLYLE K-1 - OTHER PORTFOLIO DEDUCTIONS | 354 | 354 | 0 | 0 |
| CARLYLE K-1 - COST DEPLETION | 5,881 | 5,881 | 0 | 0 |
| CARLYLE K-1 - 179 DEDUCTION | 29 | 29 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CARLYLE K-1 - ORD BUSINESS INCOME | 38,329 | 38,329 | 0 |
| CARLYLE K-1 - NET RENTAL INCOME | -8,599 | -8,599 | 0 |
| CARLYLE K-1 - OTHER NET RENTAL INCOME | -1,418 | -1,418 | 0 |
| CARLYLE K-1 - ROYALTIES | 1,833 | 1,833 | 0 |
| CARLYLE K-1 - SECTION 1231 GAIN | 58,425 | 58,425 | 0 |
| CARLYLE K-1 - OTHER INCOME | 130,425 | 130,425 | 0 |
| CARLYLE K-1 - GUARANTEED PAYMENTS | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 15,280 | 15,280 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX PAID | 11,000 | 0 | 0 | 0 |
| CARLYLE K-1 - FOREIGN TAX PAID | 3,153 | 3,153 | 0 | 0 |
| CARLYLE K-1 - STATE TAXES PAID | 21,804 | 21,804 | 0 | 0 |