| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUTING FEES | 28,150 | 14,075 | 14,075 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FEDERATED HERMES INSTL HIGH YLD BD IS (FIHBX) | 1,962,664 | 1,962,664 |
| VANGUARD CORE BOND FUND ADMIRAL (VCOBX) | 9,295,953 | 9,295,953 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADOBE SYSTEMS INCORPORATED COM (ADBE) | 122,303 | 122,303 |
| ALCON INC (ALC) | 64,996 | 64,996 |
| AMERIPRISE FINANCIAL INC COM USD0.01 (AMP) | 100,655 | 100,655 |
| AMGEN INC (AMGN) | 86,406 | 86,406 |
| ANSYS INC COM USD0.01 (ANSS) | 101,969 | 101,969 |
| ATMOS ENERGY CORP COM NPV (ATO) | 69,308 | 69,308 |
| AUTODESK INC (ADSK) | 75,966 | 75,966 |
| BLACKSTONE INC (BX) | 80,647 | 80,647 |
| CAPITAL ONE FINANCIAL CORP COM USD0.01 (COF) | 81,557 | 81,557 |
| COCA-COLA CO (KO) | 68,359 | 68,359 |
| COMMERCE BANCSHARES INC (CBSH) | 33,007 | 33,007 |
| CONSTELLATION BRANDS INC COM USD0.01 CLASS A (STZ) | 53,910 | 53,910 |
| CORTEVA INC COM (CTVA) | 77,151 | 77,151 |
| COTERRA ENERGY INC COM (CTRA) | 71,711 | 71,711 |
| CULLEN/FROST BANKERS INC (CFR) | 39,056 | 39,056 |
| DANAHER CORPORATION COM (DHR) | 72,641 | 72,641 |
| DYCOM INDUSTRIES INC (DY) | 69,745 | 69,745 |
| ECOLAB INC (ECL) | 64,860 | 64,860 |
| FIGS INC CL A (FIGS) | 68,555 | 68,555 |
| GENERAL DYNAMICS CORP COM USD1.00 (GD) | 70,630 | 70,630 |
| HEIDRICK & STRUGGLES INTERNATIONAL INC (HSII) | 68,775 | 68,775 |
| HONEYWELL INTERNATIONAL INC COM USD1 (HON) | 66,897 | 66,897 |
| IAC INC COM NEW (IAC) | 103,555 | 103,555 |
| LENNAR CORP COM USD0.10 CLASS A (LEN) | 109,992 | 109,992 |
| MARTIN MARIETTA MATERIALS INC COM USD0.01 (MLM) | 106,268 | 106,268 |
| MATCH GROUP INC NEW COM (MTCH) | 49,604 | 49,604 |
| MEDTRONIC PLC (MDT) | 45,556 | 45,556 |
| MERCK &CO. INC COM (MRK) | 72,280 | 72,280 |
| MICHELIN(CIE GLE DES ETABL.) UNSP ADS (MGDDY) | 56,053 | 56,053 |
| MICROCHIP TECHNOLOGY INC. COM (MCHP) | 98,837 | 98,837 |
| MICROSOFT CORP (MSFT) | 139,511 | 139,511 |
| MITSUBISHI UFJ FINANCIAL GROUP INC (MUFG) | 51,488 | 51,488 |
| MS ADVANTAGE CL R6 (MADSX) | 699,326 | 699,326 |
| NOMAD FOODS LIMITED ORD NPV (DI) (NOMD) | 67,597 | 67,597 |
| OAKMARK INTL FUND INSTL (OANIX) | 933,729 | 933,729 |
| OSHKOSH CORP (OSK) | 46,942 | 46,942 |
| PARKER-HANNIFIN CORP COM (PH) | 113,793 | 113,793 |
| PETIQ INC COM CL A (PETQ) | 64,879 | 64,879 |
| PNC FINANCIAL SERVICES GROUP COM (PNC) | 52,959 | 52,959 |
| PROCTER AND GAMBLE CO COM (PG) | 65,357 | 65,357 |
| QUALCOMM INC (QCOM) | 77,522 | 77,522 |
| RPM INTERNATIONAL INC (RPM) | 79,034 | 79,034 |
| SONY GROUP CORPORATION SPON ADS (SONY) | 68,461 | 68,461 |
| SYSCO CORP (SYY) | 49,948 | 49,948 |
| TTEC HLDGS INC COM (TTEC) | 50,318 | 50,318 |
| U HAUL HOLDING COMPANY COM (UHAL) | 23,838 | 23,838 |
| UFP TECHNOLOGIES INC (UFPT) | 56,085 | 56,085 |
| XCEL ENERGY INC COM USD2.5 (XEL) | 62,158 | 62,158 |
| XYLEM INC COM USD0.01 (XYL) | 68,159 | 68,159 |
| PETCO HEALTH AND WELLNESS CO INC COM (WOOF) | 3,738 | 3,738 |
| LOWES COMPANIES INC COM (LOW) | 59,198 | 59,198 |
| TELEDYNE TECHNOLOGIES INC (TDY) | 64,266 | 64,266 |
| US BANCORP (USB) | 73,749 | 73,749 |
| VERALTO CORP COM SHS (VLTO) | 8,555 | 8,555 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CONTRARIAN OPPORTUNITY FUND III, LP | FMV | 403,543 | 403,543 |
| CROWN CASTLE INC COM (CCI) | FMV | 48,034 | 48,034 |
| E14 FUND 3 LP | FMV | 75,297 | 75,297 |
| EE II OFFSHORE/ MORGAN | FMV | 5,330 | 5,330 |
| EQUITY LIFESTYLE PROPERTIES INC(ELS) | FMV | 54,104 | 54,104 |
| GAMING & LEISURE P COM USD0.01 (GLPI) | FMV | 78,812 | 78,812 |
| GEF US CLIMATE SOLUTIONS FUND II LP | FMV | 783,207 | 783,207 |
| GS PRIVATE MIDDLE MARKET CREDIT FUND | FMV | 5,430 | 5,430 |
| HARPOON FUND IV | FMV | 41,600 | 41,600 |
| LINK VENTURES 3, LP | FMV | 61,620 | 61,620 |
| PINESTONE GLOBAL EQUITY | FMV | 5,035,217 | 5,035,217 |
| POST CLO EQUITY FUND | FMV | 801,458 | 801,458 |
| SANDS CAPITAL EMGFF | FMV | 570,873 | 570,873 |
| SANDS CAPITAL LSPF II | FMV | 196,712 | 196,712 |
| SANDS CAPITAL LSPF III | FMV | 221,354 | 221,354 |
| SCHWAB STRATEGIC TR INTL SCEQT ETF (SCHC) | FMV | 1,151,370 | 1,151,370 |
| SECTION 32 FUND 4 | FMV | 485,614 | 485,614 |
| SECTION 32 FUND 5, LP | FMV | 69,920 | 69,920 |
| VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF (VTI) | FMV | 5,526,514 | 5,526,514 |
| VANGUARD INTL EQUITY INDEX FDS FTSE EMR MKT ETF (VWO) | FMV | 865,032 | 865,032 |
| VANGUARD INTL EQUITY INDEX FDS TT WRLD ST ETF (VT) | FMV | 5,781,856 | 5,781,856 |
| VANGUARD SMALL-CAP INDEX FUND (VB) | FMV | 1,842,531 | 1,842,531 |
| VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF (VEA) | FMV | 2,881,856 | 2,881,856 |
| AEP II | FMV | 179,618 | 179,618 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ORGANIZATION COSTS | 3,799 | 3,799 | 3,799 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE | 4,378 | 0 | 4,378 | |
| INSURANCE | 1,625 | 813 | 813 | |
| DIRECT PROGRAM EXPENSE | 11,668 | 0 | 11,668 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET NON-UBI FROM PARTNERSHIP INVESTMENTS | 692,927 | 696,368 | 692,927 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS | 4,173,942 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 274,687 | 274,687 | 0 | |
| CONSULTANT MANAGEMENT FEES | 83,176 | 41,588 | 41,588 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 19,387 | 19,387 | 0 | |
| FEDERAL NET INVESTMENT INCOME TAX | 8,043 | 0 | 0 |