| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX | 156,015 | 31,203 | 31,203 | 163,383 |
| AUDIT | 45,150 | 9,030 | 9,030 | 32,970 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HS MANAGEMENT | 4,916,374 | 4,916,374 |
| SMITH BARNEY - STOCKS | 200,032 | 200,032 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VESSEY STREET FUND III,L.P. | FMV | 37,403 | 37,403 |
| NEW ENTERPRISE ASSOCIATES 12 LP | FMV | 78,302 | 78,302 |
| THE COLCHESTER GLOBAL BOND FUND | FMV | 3,436,301 | 3,436,301 |
| WARBURG PINCUS 3285 | FMV | 22,238 | 22,238 |
| COMMONFUND PRIVATE EQUITY PARTNERS,LP | FMV | 8,878 | 8,878 |
| FARALLON INVESTMENTS | FMV | 13,236 | 13,236 |
| SILCHESTER TOBACCO FREE INT'L TRUST | FMV | 5,566,610 | 5,566,610 |
| WARBURG PINCUS 3640 | FMV | 884 | 884 |
| ABERDEEN | FMV | 561,117 | 561,117 |
| WESTWOOD CAPITAL | FMV | 3,477,716 | 3,477,716 |
| RCP FUND | FMV | 446,255 | 446,255 |
| ABRAMS | FMV | 859,960 | 859,960 |
| CANYON VALUE | FMV | 2,714,830 | 2,714,830 |
| NEW ENTERPRISE ASSOCIATES 14LP | FMV | 2,272,564 | 2,272,564 |
| WP XI PARTNERS | FMV | 751,736 | 751,736 |
| DEERFIELD | FMV | 757,464 | 757,464 |
| HIGHBROOK | FMV | 1,977,229 | 1,977,229 |
| TIGER GLOBAL VIII | FMV | 243,509 | 243,509 |
| TIGER GLOBAL IX | FMV | 730,575 | 730,575 |
| WP ENERGY | FMV | 632,266 | 632,266 |
| CEVIAN CAPITAL | FMV | 2,866,889 | 2,866,889 |
| FOUR RIVERS | FMV | 424,125 | 424,125 |
| NEA 15 | FMV | 919,945 | 919,945 |
| WP XII PARTNERS | FMV | 1,843,373 | 1,843,373 |
| BERKSHIRE | FMV | 1,170,363 | 1,170,363 |
| FOUR RIVERS IV | FMV | 2,874,492 | 2,874,492 |
| MARBLE RIDGE | FMV | 129,585 | 129,585 |
| NEA 16 | FMV | 820,938 | 820,938 |
| NIPPON | FMV | ||
| BAIN CAPITAL | FMV | 2,114,510 | 2,114,510 |
| VENROCK | FMV | 1,278,750 | 1,278,750 |
| BLS | FMV | ||
| GOBI | FMV | 3,309,429 | 3,309,429 |
| FOUR RIVERS VENTURE | FMV | 432,692 | 432,692 |
| HELLEMAN & FRIEDMAN | FMV | 1,857,057 | 1,857,057 |
| NEA 17 | FMV | 572,818 | 572,818 |
| NITORIUM | FMV | 2,846,108 | 2,846,108 |
| WP GLOBAL GROWTH | FMV | 1,742,501 | 1,742,501 |
| CORRE OPPORTUNITIES | FMV | 3,477,390 | 3,477,390 |
| CDR FUND IX | FMV | 2,130,602 | 2,130,602 |
| CDR FUND X | FMV | 2,496,269 | 2,496,269 |
| CDR FUND XI | FMV | 626,101 | 626,101 |
| CONSONANCE | FMV | 144,712 | 144,712 |
| FOSSE CAPITAL | FMV | 2,154,674 | 2,154,674 |
| AFR | FMV | 1,740,371 | 1,740,371 |
| BAIN CAPITAL 2021 | FMV | 725,787 | 725,787 |
| FPR PARTNERS | FMV | 1,685,640 | 1,685,640 |
| GENERAL ATLANTIC | FMV | 677,691 | 677,691 |
| HELLMAN & FRIEDMAN X | FMV | 792,654 | 792,654 |
| INSIGHT | FMV | 535,566 | 535,566 |
| ONE EQUITY PARTNERS | FMV | 1,027,435 | 1,027,435 |
| BAIN CAPITAL 2022 | FMV | 8,592 | 8,592 |
| CDR VALUE BUILDING PARTNERS | FMV | 676,868 | 676,868 |
| FORAGER FUND | FMV | 1,926,650 | 1,926,650 |
| FOUR RIVERS V | FMV | 283,013 | 283,013 |
| JACKSON SQUARE | FMV | 758,461 | 758,461 |
| WP GG14 | FMV | 193,916 | 193,916 |
| BBH FUNDS | FMV | ||
| BROWN CAPITAL MGMT | FMV | 706,404 | 706,404 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 128,550 | 122,586 | 5,964 | 5,964 |
| Improvements | 12,304 | 8,338 | 3,966 | 3,966 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal | 5,192 | 0 | 0 | 12,115 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ROU - LEASE ASSETS | 995,359 | 995,359 | |
| ROU - LEASE ASSETS - AMORT | -249,062 | -249,062 | |
| SECURITY DEPOSITS | 61,877 | 61,877 | 61,877 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES AND PROCESSING FEES | 1,284 | 1,284 | ||
| COPYWRIGHT & PERMISSIONS | 1,018 | 1,018 | ||
| DUES & SUBSCRIPTIONS | 110,733 | 110,298 | ||
| EQUIPMENT RENTAL AND MAINT. | 19,371 | 21,431 | ||
| FILING FEES | 1,500 | |||
| GIFTS | 26,502 | 26,502 | ||
| INSURANCE | 21,469 | 21,712 | ||
| INVESTMENT EXPENSE | 164,050 | 168,719 | 168,719 | |
| MEDICAL RESEARCH | 680,762 | 910,603 | ||
| MISCELLANEOUS | 40 | 40 | ||
| OFFICE SUPPLIES & OTHER EXP | 2,488 | 2,434 | ||
| PAYROLL PROCESSING FEES | 14,128 | 3,673 | 3,673 | 10,455 |
| POSTAGE & DELIVERY | 5,048 | 3,909 | ||
| PROGRAM EXPENSE | 156,000 | 154,532 | ||
| STORAGE | 5,064 | 5,064 | ||
| TELEPHONE | 12,360 | 122 | 122 | 12,116 |
| Website | 18,096 | 18,836 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other Investment Income | -372,178 | -190,249 | -190,249 |
| UBIT FROM K-1 INVESTMENTS | 542,561 | 542,561 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED EXCISE TAX | 410,000 | 222,189 |
| ROU LEASE LIABILITY | 804,196 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANTS - INVESTMENTS | 201,124 | 201,124 | 201,124 | 0 |
| CONSULTANTS - OTHER | 74,058 | 0 | 0 | 58,288 |
| CONSULTANTS - RETIREMENT | 1,750 | 0 | 0 | 1,750 |
| INVESTMENT ADVISORY FEES | 515,776 | 515,776 | 515,776 | 0 |
| PUBLIC RELATIONS | 121,257 | 0 | 0 | 121,257 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 180,615 | |||
| FOREIGN TAXES | 26,760 | 26,760 | 26,760 | |
| PAYROLL TAXES | 59,554 | 8,933 | 8,933 | 50,621 |