| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUTING FEES | 25,895 | 12,948 | 12,947 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FEDERATED HERMES INSTL HIGH YLD BD IS (FIHBX) | 2,204,667 | 2,204,667 |
| VANGUARD CORE BOND FUND ADMIRAL (VCOBX) | 10,845,278 | 10,845,278 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| JOHNSON CONTROLS INTERNATIONAL PLC (JCI) | 96,759 | 96,759 |
| MEDTRONIC PLC (MDT) | 57,208 | 57,208 |
| ALCON INC (ALC) | 72,484 | 72,484 |
| CHUBB LIMITED COM NPV (CB) | 49,294 | 49,294 |
| ADOBE SYSTEMS INCORPORATED COM (ADBE) | 116,247 | 116,247 |
| AMERIPRISE FINANCIAL INC COM (AMP) | 79,940 | 79,940 |
| AMGEN INC (AMGN) | 67,491 | 67,491 |
| ANSYS INC COM (ANSS) | 112,715 | 112,715 |
| COTERRA ENERGY INC COM (CTRA) | 53,390 | 53,390 |
| CAPITAL ONE FINANCIAL CORP COM | 90,246 | 90,246 |
| CINCINNATI FINANCIAL CORP COM (CINF) | 63,801 | 63,801 |
| COCA-COLA CO (KO) (COF) | 68,684 | 68,684 |
| COMMERCE BANCSHARES INC(CBSH) | 38,563 | 38,563 |
| CONSTELLATION BRANDS INC COM (STZ) | 55,966 | 55,966 |
| CORTEVA INC COM (CTVA) | 76,121 | 76,121 |
| CULLEN/FROST BANKERS INC(CFR) | 45,385 | 45,385 |
| DANAHER CORPORATION COM(DHR) | 143,447 | 143,447 |
| EAST WEST BANCORP INC(EWBC) | 28,561 | 28,561 |
| ECOLAB INC (ECL) | 76,711 | 76,711 |
| ELANCO ANIMAL HEALTH INC COM(ELAN) | 49,949 | 49,949 |
| GENERAL DYNAMICS CORP COM (GD) | 56,704 | 56,704 |
| HONEYWELL INTERNATIONAL INC COM (HON) | 66,515 | 66,515 |
| LENNAR CORP COM USD0.10 CLASS A(LEN) | 107,564 | 107,564 |
| MARTIN MARIETTA MATERIALS INC COM (MLM) | 93,831 | 93,831 |
| MICHELIN(CIE GLE DES ETABL.) UNSP ADR (MGDDY) | 63,965 | 63,965 |
| MICROSOFT CORP (MSFT) | 157,734 | 157,734 |
| MICROCHIP TECHNOLOGY INC. COM(MCHP) | 95,418 | 95,418 |
| MITSUBISHI UFJ FINANCIAL GROUP INC (MUFG) | 32,651 | 32,651 |
| PNC FINANCIAL SERVICES GROUP COM (PNC) | 68,578 | 68,578 |
| PARKER-HANNIFIN CORP COM(PH) | 78,576 | 78,576 |
| PAYPAL HLDGS INC COM(PYPL) | 44,316 | 44,316 |
| PHILLIPS 66 COM(PSX) | 32,679 | 32,679 |
| PROCTER AND GAMBLE CO COM(PG) | 72,957 | 72,957 |
| QUALCOMM INC (QCOM) | 98,018 | 98,018 |
| RPM INTERNATIONAL INC(RPM) | 71,508 | 71,508 |
| SONY GROUP CORPORATION SPON ADS | 91,387 | 91,387 |
| TWITTER INC COM (TWTR) | 43,868 | 43,868 |
| TYSON FOODS INC (TSN) | 52,035 | 52,035 |
| WALGREENS BOOTS ALLIANCE INC(WBA) | 31,609 | 31,609 |
| XYLEM INC COM (XYL) | 71,472 | 71,472 |
| INVESCO LTD (IVZ) | 61,463 | 61,463 |
| NOMAD FOODS LIMITED ORD NPV (DI) (NOMD) | 101,662 | 101,662 |
| AMERCO COM USD0.25 (UHAL) | 54,467 | 54,467 |
| DYCOM INDUSTRIES INC (DY) | 135,014 | 135,014 |
| HEIDRICK & STRUGGLES INTERNATIONAL INC (HSII) | 94,413 | 94,413 |
| IAC INTERACTIVECORP NEW COM NEW(IAC) | 145,350 | 145,350 |
| MATCH GROUP INC NEW COM(MTCH) | 43,246 | 43,246 |
| PETIQ INC COM CL A (PETQ) | 84,481 | 84,481 |
| TTEC HLDGS INC COM (TTEC) | 79,050 | 79,050 |
| UFP TECHNOLOGIES INC(UFPT) | 112,627 | 112,627 |
| FIERA CAPITAL GLOBAL EQUITY INSTL (FCGIX) | 4,023,727 | 4,023,727 |
| OAKMARK INTL FUND INSTL(OANIX) | 978,026 | 978,026 |
| MS ADVANTAGE CL IS (MADSX) | 699,275 | 699,275 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CROWN CASTLE INTL CORP NEW COM (CCI) | FMV | 87,044 | 87,044 |
| EQUITY LIFESTYLE PROPERTIES INC(ELS) | FMV | 37,694 | 37,694 |
| SUN COMMUNITIES INC (SUI) | FMV | 37,585 | 37,585 |
| GAMING & LEISURE P COM (GLPI) | FMV | 83,403 | 83,403 |
| SCHWAB STRATEGIC TR INTL SCEQT ETF | FMV | 1,350,690 | 1,350,690 |
| VANGUARD TAX-MANAGED INTL FD FTSE | FMV | 3,071,974 | 3,071,974 |
| VANGUARD INTL EQUITY INDEX FDS TT | FMV | 7,197,810 | 7,197,810 |
| VANGUARD INTL EQUITY INDEX FDS FTSE | FMV | 1,040,985 | 1,040,985 |
| VANGUARD SMALL-CAP INDEX FUND(VB) | FMV | 1,952,048 | 1,952,048 |
| VANGUARD IDX FUND(VTI) | FMV | 5,624,828 | 5,624,828 |
| GS PRIVATE MIDDLE MARKET CREDIT FUND | FMV | 987,866 | 987,866 |
| D. E. SHAW | FMV | 45,601 | 45,601 |
| POST CLO EQUITY FUND | FMV | 663,073 | 663,073 |
| SECTION 32 FUND 4 | FMV | 231,662 | 231,662 |
| SANDS CAPITAL EMGFF | FMV | 998,081 | 998,081 |
| SANDS CAPITAL LSPF II | FMV | 81,170 | 81,170 |
| SANDS CAPITAL LSPF III | FMV | 189,563 | 189,563 |
| EE II OFFSHORE | FMV | 6,822 | 6,822 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ORGANIZATION COSTS | 3,799 | 3,799 | 3,799 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS | 4,320,873 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE | 5,687 | 0 | 5,687 | |
| INSURANCE | 1,625 | 813 | 813 | |
| DIRECT PROGRAM EXPENSE | 6,000 | 0 | 6,000 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM PASSTHROUGH LLC | 2,703 | 2,703 | |
| NET NON-UBI FROM PARTNERSHIP INVESTMENTS | 28,344 | 28,344 | 28,344 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 109,694 | 109,694 | 0 | |
| INVESTMENT MANAGEMENT FEES | 75,127 | 37,564 | 37,563 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 9,352 | 9,352 | 0 | |
| FEDERAL NET INVESTMENT INCOME TAX | 139,000 | 0 | 0 |