| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| NOTE RECEIVABLE - BBR VII | FMV | 13,054,441 | 13,054,441 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CORPORATE/AGENCY BONDS | 9,157,550 | 8,745,711 | 8,745,711 |
| FULTON FINANCIAL CORP | 1,475,650 | 1,141,250 | 1,141,250 |
| HAVERFORD - EQUITY INVESTMENTS | 22,356,485 | 20,051,958 | 20,051,958 |
| INVESTMENT IN GLOBAL OPPORTUNITY PHILA FUND I | 586,884 | 554,142 | 554,142 |
| INVESTMENT IN OSAGE UNIVERSITY PARTNERS I | 305,510 | 195,656 | 195,656 |
| INVESTMENT IN OSAGE UNIVERSITY PARTNERS II | 398,194 | 242,614 | 242,614 |
| INVESTMENT IN OSAGE UNIVERSITY PARTNERS III | 200,210 | 307,469 | 307,469 |
| INVESTMENT IN OSAGE VENTURE PARTNERS V | 123,793 | 227,538 | 227,538 |
| INVESTMENT IN RITTENHOUSE VENTURES II, LP | 181,221 | -62,672 | -62,672 |
| ISRAEL BONDS | 2,000,000 | 2,000,000 | 2,000,000 |
| RADCLIFFE INTERNATIONAL SPAC | 4,888,980 | 4,761,139 | 4,761,139 |
| RADCLIFFE ULTRA SHORT DURATION | 11,313,053 | 10,896,417 | 10,896,417 |
| VANGUARD FUNDS | 95,513,210 | 81,470,841 | 81,470,841 |
| ARROWMARK GLOBAL | 52,414 | 1,947,607 | 1,947,607 |
| BRIGHTSTAR CAPITAL PARTNERS II | 304,631 | 730,518 | 730,518 |
| GOLUB CAPITAL PARTNERS 14 | 437,500 | 1,019,173 | 1,019,173 |
| HARBERT VII FUND | 592,535 | 973,040 | 973,040 |
| LIGHT STREET BEACON II | 442,000 | 430,840 | 430,840 |
| PRITZKER PRIVATE CAPITAL | 382,061 | 807,720 | 807,720 |
| RA CAPITAL HEALTHCARE | 2,000,000 | 1,407,774 | 1,407,774 |
| CMMTP-2, LP | 0 | 1,438,900 | 1,438,900 |
| 8VC IV | 0 | 394,758 | 394,758 |
| 8VC OPPORTUNITIES II | 0 | 698,924 | 698,924 |
| CONNECTONE BANCORP | 0 | 1,354,800 | 1,354,800 |
| MALTA OFFSHORE LTD | 0 | 4,732,865 | 4,732,865 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 19,635,409 |
| BOOK TO TAX DIFFERENCES | 510,226 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ORDINARY LOSS FROM K1 - RITTENHOUSE VENTURES II | 69 | 69 | 0 | |
| BANK SERVICE CHARGES | 200 | 0 | 200 | |
| MEALS & ENTERTAINMENT | 295 | 0 | 295 | |
| EXPENSES FROM K1 - OSAGE UNIVERSITY PARTNERS I | 437 | 437 | 0 | |
| EXPENSES FROM K1 - HARBERT US REAL ESTATE FUND VII FEEDER LP | 596 | 596 | 0 | |
| SUPPLIES EXPENSE | 631 | 0 | 631 | |
| MISCELLANEOUS EXPENSE | 861 | 0 | 861 | |
| EXPENSES FROM K1 - 8VC OPPORTUNITIES FUND II, LP | 1,076 | 1,076 | 0 | |
| COMPUTER EXPENSE | 1,944 | 0 | 1,944 | |
| TELEPHONE EXPENSE | 2,600 | 0 | 2,600 | |
| EQUIPMENT | 4,735 | 0 | 4,735 | |
| EXPENSES FROM K1 - 8VC FUND IV LP | 5,248 | 5,248 | 0 | |
| EXPENSES FROM K1 - RITTENHOUSE VENTURES II | 6,639 | 6,639 | 0 | |
| PAYROLL FEES | 8,471 | 0 | 8,980 | |
| EXPENSES FROM K1 - OSAGE UNIVERSITY PARTNERS II | 9,432 | 9,432 | 0 | |
| EXPENSES FROM K1 - LIGHT STREET BEACON II LP | 11,160 | 11,160 | 0 | |
| DUES AND SUBSCRIPTIONS | 11,528 | 0 | 11,528 | |
| EXPENSES FROM K1 - OSAGE UNIVERSITY PARTNERS III | 11,536 | 11,536 | 0 | |
| EXPENSES FROM K1 - OSAGE UNIVERSITY PARTNERS V | 13,518 | 13,518 | 0 | |
| CONSULTING FEES | 18,751 | 0 | 18,751 | |
| INSURANCE EXPENSE | 19,477 | 0 | 19,477 | |
| PROGRAM EXPENSES | 20,561 | 0 | 20,561 | |
| EXPENSES FROM K1 - PPC III-A LP | 28,821 | 28,821 | 0 | |
| EXPENSES FROM K1 - GLOBAL OPPORTUNITIES FUND | 34,763 | 34,763 | 0 | |
| PROFESSIONAL FEES | 45,580 | 0 | 45,580 | |
| EXPENSES FROM K1 - BRIGHTSTAR CAPITAL PARTNERS FUND II-A LP | 52,350 | 52,350 | 0 | |
| SEMINARS/RETREAT | 90,732 | 0 | 90,732 | |
| INVESTMENT MANAGEMENT FEES | 123,008 | 123,008 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| 401(K) REIMBURSEMENT | 5,035 | 5,035 | 5,035 |
| Description | Amount |
|---|---|
| ACCRUED INTEREST | 215,248 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 70,000 | 0 | 0 | |
| PA BCO | 15 | 0 | 15 | |
| PAYROLL TAXES | 44,186 | 0 | 44,186 |