| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX PREPARATION | 42,450 | 0 | 39,950 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 400 CAPITAL CREDIT OPP FUND, LTD | FMV | 1,289,410 | 1,289,410 |
| ALLIED INVENTORS FUND, LLC | FMV | 157,978 | 157,978 |
| ARGA EMERGING MARKETS EQUITY FUND | FMV | 4,413,032 | 4,413,032 |
| ARGONAUT PRIVATE EQUITY FUND IV | FMV | 1,651,497 | 1,651,497 |
| ARIEL INTERNATIONAL INST EQUITY FUND (AINIX) | FMV | 7,066,424 | 7,066,424 |
| ARTISAN HIGH INCOME FUND | FMV | 667,390 | 667,390 |
| BLUE SEA CAPITAL FUND II, LP | FMV | 1,562,700 | 1,562,700 |
| BRECKINRIDGE SUSTAINABLE CORE | FMV | 4,032,255 | 4,032,255 |
| CANAAN NATURAL GAS FUND X | FMV | 72,076 | 72,076 |
| CAPITAL TODAY CHINA GROWTH FUND, LP | FMV | 77,348 | 77,348 |
| CENTANA GROWTH PARTNERS II, LP | FMV | 600,816 | 600,816 |
| CEVIAN CAPITAL II, LTD | FMV | 1,395,278 | 1,395,278 |
| COHEN & STEERS INSTL REALTY SHARES (CSRIX) | FMV | 1,232,433 | 1,232,433 |
| DAVIDSON KEMPNER INT'L (BVI), LTD | FMV | 1,814,999 | 1,814,999 |
| DODGE COX INCOME FUND (DODIX) | FMV | 3,634,031 | 3,634,031 |
| DWS INVESTMENT MANAGEMENT | FMV | 21,026,332 | 21,026,332 |
| DWS RREEF REAL ASSETS FUND (AAASX) | FMV | 3,736,045 | 3,736,045 |
| FS EQUITY PARTNERS VIII, LP | FMV | 1,211,297 | 1,211,297 |
| GQG PARTNERS EMERGING MARKETS EQUITY FUND (GQGIX) | FMV | 3,382,225 | 3,382,225 |
| HARBOR MID CAP FUND INST (HMCLX) | FMV | 4,876,011 | 4,876,011 |
| HARDING LOEVNER INT'L EQUITY (HLMIX) | FMV | 7,045,131 | 7,045,131 |
| HBK MULTI-STRATEGY OFFSHORE FUND, LTD | FMV | 1,849,787 | 1,849,787 |
| JP MORGAN CORE BOND FUND I (WOBDX) | FMV | 3,503,317 | 3,503,317 |
| KINGSWOOD CAPITAL OPPORTUNITIES FUND I-A, LP | FMV | 3,194,954 | 3,194,954 |
| KINGSWOOD CAPITAL OPPORTUNITIES FUND II-A, LP | FMV | 365,696 | 365,696 |
| LITTLEJOHN FUND VI, LP | FMV | 1,494,720 | 1,494,720 |
| LUMINATE CAPITAL PARTNERS II, LP | FMV | 1,043,409 | 1,043,409 |
| LUMINATE CAPITAL PARTNERS III-A, LP | FMV | 901,548 | 901,548 |
| MEANINGFUL PARTNERS DC VEHICLE I, LP | FMV | 1,549,896 | 1,549,896 |
| MIDOCEAN CREDIT OPP OFFSHORE FUND, LTD | FMV | 1,001,103 | 1,001,103 |
| MW EUREKA FUND | FMV | 2,101,321 | 2,101,321 |
| P4G CAPITAL PARTNERS I-A, LP | FMV | 1,042,267 | 1,042,267 |
| PANGAEA TWO, LP | FMV | 2,351,968 | 2,351,968 |
| PGIM GLOBAL TOTAL RETURN (PGTQX) | FMV | 1,644,157 | 1,644,157 |
| PSAM WORLDARB FUND, LTD | FMV | 1,276,407 | 1,276,407 |
| QUESTA CAPITAL PARTNERS I, LP | FMV | 1,758,755 | 1,758,755 |
| QUESTA CAPITAL PARTNERS II, LP | FMV | 1,362,479 | 1,362,479 |
| RED ARTS CAPITAL OPPORTUNITY FUND I, LP | FMV | 1,449,061 | 1,449,061 |
| RESOURCE LAND VALUE IV, LLC | FMV | 466,926 | 466,926 |
| SEEDING & STRATEGIC CAPITAL FUND II, LP | FMV | 702,972 | 702,972 |
| SENATOR GLOBAL OPP OFFSHORE FUND, LTD | FMV | 1,696,382 | 1,696,382 |
| SER CAPITAL PARTNERS I-A, LP | FMV | 326,722 | 326,722 |
| SUVRETTA OFFSHORE FUND, LTD | FMV | 1,387,819 | 1,387,819 |
| TREND MACRO OFFSHORE, LTD | FMV | 1,577,710 | 1,577,710 |
| TRUEBRIDGE CAPITAL PARTNERS FUND VI (CAYMAN), LP | FMV | 1,150,320 | 1,150,320 |
| VALINOR CAPITAL PARTNERS OFFSHORE, LTD | FMV | 316,507 | 316,507 |
| VISTRIA FUND IV (FT), LP | FMV | 1,489,334 | 1,489,334 |
| WEISS MULTI-STRAT PARTNERS (CAYMAN), LTD | FMV | 1,726,751 | 1,726,751 |
| WELLINGTON SMALL CAP OPPORTUNITIES FUND | FMV | 1,876,188 | 1,876,188 |
| WOLVERINE FLAGSHIP FUND LTD | FMV | 1,667,368 | 1,667,368 |
| WOODLINE OFFSHORE FUND, LTD | FMV | 1,653,658 | 1,653,658 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE AND EQUIPMENT | 11,350 | 11,350 | 0 | |
| LEASEHOLD IMPROVEMENT | 646,325 | 269,302 | 377,023 | 377,023 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 4,288 | 0 | 3,738 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TAX DEPOSITS | 80,694 | 80,694 | 80,694 |
| INVESTMENT PROCEEDS RECEIVABLE | 112,548 | 1,791 | 1,791 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | 17,465,427 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 1,581 | 1,581 | 0 | |
| SOFTWARE LICENSING | 32,655 | 0 | 32,655 | |
| INSURANCE | 30,872 | 0 | 28,348 | |
| DUES AND SUBSCRIPTIONS | 55,598 | 0 | 52,508 | |
| OFFICE EQUIPMENT | 13,273 | 0 | 13,273 | |
| OFFICE EXPENSE | 26,114 | 0 | 26,311 | |
| PAYROLL PROCESSING FEES | 1,284 | 0 | 1,284 | |
| TELEPHONE AND INTERNET | 14,264 | 0 | 14,264 | |
| CAPACITY BUILDING | 7,366 | 0 | 7,366 | |
| PROFESSIONAL DEVELOPMENT | 5,440 | 0 | 10,440 | |
| OTHER PARTNERSHIP EXPENSES | 0 | 682,983 | 0 | |
| HONORARIUM | 2,350 | 0 | 2,350 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PARTNERSHIP | 0 | -82,517 | 0 |
| UBIT PARTNERSHIP GAIN THROUGH K-1 | 272,549 | 272,549 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PENSION PAYABLE | 122,895 | 136,504 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER CONSULTANTS | 19,420 | 0 | 19,420 | |
| OTHER CONSULTANTS | 60,584 | 0 | 60,584 | |
| INVESTMENT CONSULTANTS | 118,192 | 118,192 | 0 | |
| INVESTMENT ADVISORY FEES | 733,136 | 31,412 | 0 | |
| EXECUTIVE SEARCH FIRM | 3,500 | 0 | 3,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 107,637 | 107,732 | 0 | |
| FEDERAL EXCISE TAX | 150,000 | 0 | 0 |