| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting fees | 13,600 | 0 | 10,200 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC 3.600% 5/14/25 | 15,950 | 15,950 |
| ANTHEM INC 3.650% 12/01/27 | 10,971 | 10,971 |
| AT&T INC 4.450% 4/01/24 | 16,011 | 16,011 |
| BANK OF AMERICA CORP 3.248% 10/21/27 | 21,288 | 21,288 |
| BANK OF MONTREAL 2.500% 6/28/24 | 15,469 | 15,469 |
| CAPITAL ONE FINANCIA 3.750% 3/09/27 | 16,239 | 16,239 |
| CHEVRON CORP 1.554% 5/11/25 | 15,127 | 15,127 |
| CITIGROUP INC 2.700% 10/27/22 | 10,157 | 10,157 |
| COMCAST CORP 4.150% 10/15/28 | 17,028 | 17,028 |
| CVS HEALTH CORP 1.300% 8/21/27 | 9,694 | 9,694 |
| DIGITAL REALTY TRUST 3.700% 8/15/27 | 16,255 | 16,255 |
| DOLLAR GENERAL CORP 3.250% 4/15/23 | 10,242 | 10,242 |
| EQUINIX INC 1.550% 3/15/28 | 9,619 | 9,619 |
| GOLDMAN SACHS GROUP 3.750% 5/22/25 | 16,008 | 16,008 |
| HALLIBURTON COMPANY 3.500% 8/01/23 | 2,065 | 2,065 |
| HP ENTERPRISE CO 1.450% 4/01/24 | 10,064 | 10,064 |
| JPMORGAN CHASE & CO 2.950% 10/01/26 | 21,113 | 21,113 |
| LOWE'S COS INC 1.700% 10/15/30 | 9,501 | 9,501 |
| METLIFE INC 3.600% 4/10/24 | 15,832 | 15,832 |
| MITSUBISHI UFJ FIN 3.761% 7/26/23 | 15,643 | 15,643 |
| MORGAN STANLEY 3.625% 1/20/27 | 16,262 | 16,262 |
| PNC FINANCIAL SERVIC 2.550% 1/22/30 | 15,420 | 15,420 |
| SUMITOMO MITSUI FINL 2.784% 7/12/22 | 15,185 | 15,185 |
| SUNTRUST BANKS INC 4.000% 5/01/25 | 16,185 | 16,185 |
| WALT DISNEY COMPANY/ 2.000% 9/01/29 | 14,921 | 14,921 |
| WESTPAC BANKING CORP 3.400% 1/25/28 | 21,728 | 21,728 |
| Accrued Income - Corporate Bonds | 2,933 | 2,933 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MATCH GROUP INC NEW | 12,168 | 12,168 |
| BROOKFIELD ASSET MANAGE-CL A | 15,032 | 15,032 |
| SBA COMMUNICATIONS CORP | 9,336 | 9,336 |
| VANGUARD REAL ESTATE ETF | 34,803 | 34,803 |
| ABBVIE INC | 12,186 | 12,186 |
| ABIOMED INC | 6,465 | 6,465 |
| ADOBE INC | 12,475 | 12,475 |
| AGILENT TECHNOLOGIES INC | 1,437 | 1,437 |
| AIR PRODS & CHEMS INC COM | 1,521 | 1,521 |
| ALIGN TECHNOLOGY INC | 7,886 | 7,886 |
| ALPHABET INC CL C | 43,404 | 43,404 |
| AMAZON COM INC COM | 13,337 | 13,337 |
| ANSYS INC | 5,215 | 5,215 |
| APPLE INC | 53,981 | 53,981 |
| ARES MANAGEMENT CORP-A | 1,463 | 1,463 |
| AUTODESK INC | 7,592 | 7,592 |
| BIOMARIN PHARMACEUTICAL INC | 9,012 | 9,012 |
| BLACK KNIGHT INC | 6,548 | 6,548 |
| BLACKROCK INC | 13,733 | 13,733 |
| BLACKSTONE INC | 12,939 | 12,939 |
| BLOCK INC | 1,131 | 1,131 |
| BLOCK INC | 5,814 | 5,814 |
| BLOOM ENERGY CORP | 2,785 | 2,785 |
| BOEING CO | 8,053 | 8,053 |
| BOOKING HOLDINGS INC | 9,597 | 9,597 |
| BOOKING HOLDINGS INC | 9,597 | 9,597 |
| BRIGHT HORIZONS FAMILY SOLUTIO | 1,259 | 1,259 |
| BROADCOM INC | 16,635 | 16,635 |
| BROWN & BROWN INC | 4,920 | 4,920 |
| BROWN FORMAN CORP CL B | 874 | 874 |
| CARMAX INC | 9,637 | 9,637 |
| CBRE GROUP INC | 4,991 | 4,991 |
| CELANESE CORP | 11,764 | 11,764 |
| CHEWY INC | 6,428 | 6,428 |
| CISCO SYSTEMS INC | 10,836 | 10,836 |
| CITIGROUP INC. | 13,588 | 13,588 |
| COGNEX CORP | 1,011 | 1,011 |
| COGNIZANT TECH SOLUTIONS CRP COM | 8,872 | 8,872 |
| COLFAX CORPORATION | 827 | 827 |
| COPART INC COM | 10,462 | 10,462 |
| COSTAR GROUP, INC | 10,195 | 10,195 |
| COSTAR GROUP, INC | 9,088 | 9,088 |
| COSTCO WHOLESALE CORP | 11,354 | 11,354 |
| COSTCO WHOLESALE CORP | 10,219 | 10,219 |
| CREDIT ACCEPTANCE CORPMICHIGAN | 3,438 | 3,438 |
| CROWDSTRIKE HOLDINGS INC | 4,505 | 4,505 |
| CVS HEALTH CORPORATION | 17,537 | 17,537 |
| DOCUSIGN INC | 6,092 | 6,092 |
| DOLLAR GENERAL CORP | 3,537 | 3,537 |
| DOMINOS PIZZA INC | 5,643 | 5,643 |
| EDWARDS LIFESCIENCES CORP | 7,125 | 7,125 |
| ELECTRONIC ARTS INC | 7,255 | 7,255 |
| ELI LILLY & CO COM | 13,811 | 13,811 |
| ELI LILLY & CO COM | 4,972 | 4,972 |
| ENPHASE ENERGY INC | 5,854 | 5,854 |
| ESTEE LAUDER COMPANIES INC | 7,034 | 7,034 |
| ETSY INC | 3,722 | 3,722 |
| EXACT SCIENCES CORP | 6,304 | 6,304 |
| FASTENAL CO | 4,869 | 4,869 |
| FIDELITY NATL INFORMATION SVCS INC | 7,095 | 7,095 |
| FIRST REPUBLIC BANK/SAN FRANCI | 2,478 | 2,478 |
| FNF GROUP | 678 | 678 |
| GARTNER INC | 3,678 | 3,678 |
| GUIDEWIRE SOFTWARE INC | 5,449 | 5,449 |
| HAIN CELESTIAL GROUP INC | 8,522 | 8,522 |
| HASBRO INC | 6,107 | 6,107 |
| HEICO CORP CL A | 5,783 | 5,783 |
| HILTON WORLDWIDE HOLDINGS IN | 9,359 | 9,359 |
| HOME DEPOT INC | 8,300 | 8,300 |
| HOWARD HUGHES CORP/THE | 2,341 | 2,341 |
| HYATT HOTELS CORP | 2,110 | 2,110 |
| IDEXX CORP | 3,951 | 3,951 |
| ILLUMINA INC | 6,848 | 6,848 |
| INTERPUBLIC GROUP COS INC | 7,433 | 7,433 |
| INTUIT COM | 13,508 | 13,508 |
| JOHNSON & JOHNSON | 5,987 | 5,987 |
| JPMORGAN CHASE & CO | 21,377 | 21,377 |
| KENNEDY-WILSON HOLDINGS INC | 1,075 | 1,075 |
| KKR & CO INC -A | 11,920 | 11,920 |
| LAM RESEARCH CORP COM | 17,979 | 17,979 |
| LAS VEGAS SANDS CORP | 4,705 | 4,705 |
| LENNAR CORPORATION CLASS A COMMON | 5,924 | 5,924 |
| LIBERTY BROADBAND CORP | 6,766 | 6,766 |
| LIBERTY BROADBAND CORP | 1,770 | 1,770 |
| LIBERTY FORMULA ONE COMMON STOCK | 237 | 237 |
| LIBERTY FORMULA ONE COMMON STOCK | 3,352 | 3,352 |
| LIVE NATION ENT INC | 7,062 | 7,062 |
| MARKEL HOLDINGS | 6,170 | 6,170 |
| MARTIN MARIETTA MATLS INC COM | 3,965 | 3,965 |
| MERCK & CO INC NEW | 10,730 | 10,730 |
| META PLATFORMS INC | 6,727 | 6,727 |
| META PLATFORMS INC | 13,790 | 13,790 |
| METTLER-TOLEDO INTL INC | 6,789 | 6,789 |
| MICROCHIP TECHNOLOGY INC COM | 5,224 | 5,224 |
| MICROSOFT CORP | 50,112 | 50,112 |
| MONDELEZ INTERNATIONAL INC | 8,289 | 8,289 |
| MOODYS CORP | 2,734 | 2,734 |
| MSCI INC | 3,063 | 3,063 |
| MSCI INC | 10,416 | 10,416 |
| NIKE INC CL B | 12,500 | 12,500 |
| NIKE INC CL B | 13,334 | 13,334 |
| NVIDIA CORP | 13,235 | 13,235 |
| O'REILLY AUTOMOTIVE INC | 9,181 | 9,181 |
| PAYPAL HOLDINGS INC | 10,183 | 10,183 |
| PROGRESSIVE CORP OHIO | 2,464 | 2,464 |
| QUALTRICS INTERNATIONAL INC | 319 | 319 |
| QUANTA SVCS INC COM | 4,586 | 4,586 |
| RAYTHEON TECHNOLOGIES CORP | 9,897 | 9,897 |
| RINGCENTRAL INC | 7,869 | 7,869 |
| ROPER TECHNOLOGIES INC | 7,378 | 7,378 |
| ROSS STORES INC | 1,600 | 1,600 |
| SALESFORCE INC | 9,149 | 9,149 |
| SAREPTA THERAPEUTICS INC | 2,972 | 2,972 |
| SERVICENOW INC | 13,631 | 13,631 |
| SUMMIT MATERIALS INC | 1,967 | 1,967 |
| SYSCO CORP | 9,033 | 9,033 |
| TARGET CORP | 18,515 | 18,515 |
| THERMO FISHER SCIENTIFIC INC | 10,009 | 10,009 |
| TRANSDIGM GROUP INC | 11,453 | 11,453 |
| TRANSUNION | 4,387 | 4,387 |
| TYLER TECHNOLOGIES INC | 9,683 | 9,683 |
| UBER TECHNOLOGIES INC | 8,386 | 8,386 |
| UNION PACIFIC CORP | 10,077 | 10,077 |
| UNITED PARCEL SERVICE-CL B | 15,004 | 15,004 |
| UNITEDHEALTH GROUP INC | 22,596 | 22,596 |
| VAIL RESORTS INC COM | 4,591 | 4,591 |
| VERISIGN INC COM | 5,584 | 5,584 |
| VERISK ANALYTICS INC | 3,660 | 3,660 |
| VISA INC-CLASS A SHRS | 6,501 | 6,501 |
| VISA INC-CLASS A SHRS | 13,219 | 13,219 |
| VULCAN MATERIALS COMPANY | 7,888 | 7,888 |
| WALMART INC | 8,681 | 8,681 |
| WALT DISNEY CO | 8,519 | 8,519 |
| WASTE MANAGEMENT INC | 10,014 | 10,014 |
| COHEN & STEERS PR SEC&INC-F #6639 | 40,248 | 40,248 |
| ISHARES CMBS ETF | 22,538 | 22,538 |
| ISHARES MBS ETF | 29,543 | 29,543 |
| ISHARES RUSSELL 2000 ETF | 103,217 | 103,217 |
| ISHARES RUSSELL MID-CAP ETF | 22,828 | 22,828 |
| T. ROWE PR SM-CAP STOCK I #525 | 41,087 | 41,087 |
| VANGUARD HIGH YIELD CORP-ADM #529 | 32,669 | 32,669 |
| VANGUARD INDEX FD ETF | 218,285 | 218,285 |
| AON PLC | 1,803 | 1,803 |
| ARCH CAPITAL GROUP LTD | 2,711 | 2,711 |
| BROOKFIELD INFRASTRUCTURE-A | 6,007 | 6,007 |
| BROOKFIELD RENEWABLE COR-A | 1,547 | 1,547 |
| DIAGEO PLC - ADR | 8,806 | 8,806 |
| EATON CORP PLC | 12,962 | 12,962 |
| FLEX LTD | 8,615 | 8,615 |
| GARMIN LTD | 8,826 | 8,826 |
| HIS Markit LTD | 665 | 665 |
| MANULIFE FINANCIAL CORP | 11,633 | 11,633 |
| MEDTRONIC PLC | 5,173 | 5,173 |
| PERIMETER SOLUTIONS SA | 1,222 | 1,222 |
| SUNCOR ENERGY INC NEW F | 9,011 | 9,011 |
| TE CONNECTIVITY LTD | 8,874 | 8,874 |
| TORONTO DOMINION BK ONT COM NEW | 11,119 | 11,119 |
| TOTALENERGIES SE -SPON ADR | 10,139 | 10,139 |
| TRANE TECHNOLOGIES PLC | 10,304 | 10,304 |
| UNILEVER PLC - ADR | 5,917 | 5,917 |
| WIX.COM LTD | 4,734 | 4,734 |
| ARTISAN INTERNATIONAL FD INS #662 | 37,141 | 37,141 |
| HARDING LOEVNER INTL EQTY PORT INSTL | 41,205 | 41,205 |
| INV OPP DEVELOP MRKTS-R6 #7038 | 120,068 | 120,068 |
| TCW EMRG MRKTS INC-PLAN #5721 | 24,780 | 24,780 |
| Accrued Income - Domestic Equities | 247 | 247 |
| Accrued Income - International Equities | 144 | 144 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Insurance | 739 | 0 | 554 | |
| IT Fees - Website Development | 4,133 | 0 | 3,100 | |
| Miscellaneous Expense | 4,513 | 0 | 3,385 | |
| Office Expense & Internet | 3,290 | 0 | 2,468 | |
| Postage | 606 | 0 | 455 | |
| Board Meetings | 486 | 0 | 365 | |
| Subscriptions | 235 | 0 | 176 | |
| State corporation fees | 70 | 0 | 23 |
| Description | Amount |
|---|---|
| Unrealized gain on investments | 171,629 |
| Prior Period Adjustment | 3,481 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment management fees | 27,278 | 21,822 | 2,728 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign taxes on investments | 782 | 782 | 0 |