| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT AND TAX RETURN PREPARATION FEES | 35,456 | 0 | 35,456 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ABERDEEN INTERNATIONAL PARTNERS, L.P. | AT COST | 0 | 203,109 |
| ABERDEEN REAL ASSET PARTNERS, L.P. (FLAG) | AT COST | 0 | 10,861 |
| ABERDEEN U.S. PRIVATE EQUITY III, L.P. | AT COST | 0 | 243,448 |
| BLACKROCK STRATEGIC INCOME OPPORTUNITIES FUND | FMV | 5,791,503 | 5,310,039 |
| BROWN CAPITAL SMALL COMPANY GROWTH FUND | FMV | 288,222 | 672,546 |
| CBRE STRATEGIC PARTNERS U.S. VALUE 7, L.P. | FMV | 0 | 3,095 |
| GQG PARTNERS INTERNATIONAL OPPORTUNITIES FUND | FMV | 4,894,500 | 4,617,376 |
| GROSVENOR SPECTRUM MASTER FUND, LTD. | FMV | 7,218,799 | 8,414,831 |
| HARBOR SMALL CAP VALUE FUND | FMV | 748,152 | 843,435 |
| MONDRIAN EMERGING MARKETS EQUITY FUND | FMV | 1,077,092 | 961,635 |
| OAKTREE REAL ESTATE DEBT FUND II | FMV | 1,061,589 | 1,388,230 |
| OBVIOUS VENTURES III, L.P. | AT COST | 2,308,909 | 4,118,451 |
| PARNASSUS EQUITY INCOME FUND | AT COST | 3,082,735 | 3,435,325 |
| PRIVATE EQUITY CORE FUND II | FMV | 0 | 149,917 |
| PRIVATE EQUITY CORE FUND III | AT COST | 0 | 288,014 |
| RREEF AMERICA REIT II | AT COST | 4,246,768 | 7,278,530 |
| SSGA MSCI EAFE INDEX | FMV | 1,164,403 | 1,355,958 |
| SSGA S&P 500 INDEX FUND | FMV | 934,035 | 2,435,158 |
| SSGA U.S. TIPS INDEX FUND | FMV | 5,627,374 | 6,694,413 |
| TANGIBLE ASSET PROGRAM | FMV | 1,759,320 | 2,658,250 |
| TOUCHSTONE SANDS CAP. EMERG. MKTS. GROWTH FUND | FMV | 752,916 | 825,052 |
| WARBURG PINCUS GLOBAL GROWTH, L.P. | AT COST | 4,797,375 | 6,411,230 |
| WARBURG PINCUS PRIVATE EQUITY XII, L.P. | AT COST | 937,028 | 6,759,022 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 636 | 0 | 636 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER RELATED EXPENSES | 68,694 | 0 | 68,694 | |
| PROFESSIONAL DEVELOPMENT | 62,832 | 0 | 62,832 | |
| MISCELLANEOUS | 4,896 | 0 | 4,896 | |
| INSURANCE | 12,059 | 0 | 12,059 | |
| BOARD | 23,275 | 0 | 23,275 | |
| MEMBERSHIPS & SUBSCRIPTIONS | 13,970 | 0 | 13,970 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ABERDEEN REAL ASSETS PARTNERS, LP | 7,621 | ||
| ABERDEEN U.S. PRIVATE EQUITY III, LP | -247 | ||
| ABERDEEN INTERNATIONAL PARTNERS, LP | -4,934 | ||
| PRIVATE EQUITY CORE FUND (QP) II, LP | -3,731 | ||
| PRIVATE EQUITY CORE FUND (QP) III, LP | -5,409 | ||
| WARBURG PINCUS PRIVATE EQUITY XII, L.P. | 3,581 | ||
| WARBURG PINCUS PRIVATE EQUITY XII (INTERNATIONAL), LP | -96 | ||
| WARBURG PINCUS PRIVATE EQUITY (E&P) XII (B), L.P. | 26,868 | ||
| WARBURG PINCUS PRIVATE EQUITY (E&P) XII MAIN-2, L.P. | 26,968 | ||
| WARBURG PINCUS PRIVATE EQUITY XII (FT-2), L.P. | -120 | ||
| WARBURG PINCUS GLOBAL GROWTH, L.P. | -11,143 | ||
| WARBURG PINCUS GLOBAL GROWTH (E&P)-2, L.P. | 374 | ||
| MONDRIAN EMERGING MARKETS EQUITY FUND, L.P. | -10,796 | ||
| OAKTREE REAL ESTATE DEBT FUND II, LP | 201,927 | ||
| OBVIOUS VENTURES III, L.P. | -59,951 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 143,495 | 143,495 | 0 | |
| COMPUTER CONSULTANT FEES | 75,076 | 0 | 75,076 | |
| CONSULTANT FEES RELATED TO ADMINISTRATION | 70,556 | 0 | 70,556 | |
| PROFESSIONAL FEES: OUTSIDE SERVICES | 22,248 | 0 | 22,248 | |
| ANNUAL REPORT | 40,193 | 0 | 40,193 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 98,857 | 0 | 0 |