| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 69,969 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF AMERICA JR SUBORDINATED 6.1% | 53,305 | 49,422 |
| BANK OF AMERICA JR SUBORDINATED 6.5% | 52,984 | 49,767 |
| BANK OF AMERICA CORP 6% | 497,500 | 501,080 |
| BANK OF AMERICA CORP DEP SHS REP 1/25TH NON-CUM SER TT | 150,938 | 148,475 |
| GOLDMAN SACHS 4.25% | 100,028 | 98,167 |
| GOLDMAN SACHS 5% | 298,950 | 299,280 |
| GOLDMAN SACHS 6.125% | 496,250 | 491,715 |
| JP MORGAN CHASE FINL SER R PERPETUAL NOTE 6.0% | 50,506 | 50,438 |
| JP MORGAN CHASE 5.1% | 249,975 | 242,263 |
| JP MORGAN CHASE 6% | 198,600 | 200,744 |
| MORGAN STANLEY 6.5% | 203,758 | 209,360 |
| CITIGROUP 5% | 199,000 | 196,206 |
| CITIGROUP 7.375% | 101,000 | 101,213 |
| WELLS FARGO 5.875% | 158,733 | 148,581 |
| WELLS FARGO 6% | 495,000 | 504,205 |
| BANK OF AMERICA SUBORDINATED 4.0% | 99,893 | 98,660 |
| GOLDMAN SACHS GROUP INC 4.25& | 100,300 | 98,167 |
| BANK OF AMERICA 1/25TH 6.125% | 150,938 | 148,475 |
| GS FINANCE CORP BAR-MLN-SPX | 531,368 | 558,900 |
| GS FINANCE CORP MLN COMMODITY BASKET | 639,887 | 575,640 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC | 67,793 | 188,582 |
| AMAZON.COM INC | 159,104 | 197,522 |
| APPLE, INC | 176,477 | 385,060 |
| BERKSHIRE HATHAWAY INC DEL CL B | 213,287 | 249,662 |
| COCA COLA | 246,778 | 247,860 |
| CONSTELLATION BRANDS INC | 178,343 | 207,422 |
| DEERE& CO | 239,481 | 263,514 |
| GOLDMAN SACHS ETF TRUST | 336,581 | 388,561 |
| HOME DEPOT | 235,170 | 304,964 |
| INVESCO SP500 EQUAL WEIGHT ETF | 226,950 | 236,700 |
| IQVIA HOLDINGS INC | 116,466 | 138,134 |
| MASTERCARD | 233,110 | 281,497 |
| MICROSOFT | 242,138 | 526,456 |
| SALESFORCE | 136,212 | 202,618 |
| T ROWE PRICE DIVIDEND GROWTH FUND INC | 223,431 | 284,291 |
| UNITEDHEALTH GROUP INC | 178,395 | 194,794 |
| VANGUARD DIVIDEND GROWTH | 261,109 | 326,500 |
| VANGUARD GROWTH ETF | 372,690 | 509,843 |
| VANGUARD INDEX TOTAL STOCK MARKET ETF | 553,084 | 830,270 |
| VANGUARD VALUE ETF | 175,820 | 183,287 |
| WALT DISNEY CO | 183,416 | 153,493 |
| WALMART INC | 140,630 | 157,650 |
| VISA | 272,297 | 390,525 |
| CISCO SYSTEMS INC | 124,566 | 136,404 |
| ISHARES RUSSELL 1000 GROWTH ETF | 396,315 | 505,688 |
| ISHARES CORE DIVIDEND GROWTH ETF | 397,172 | 430,560 |
| ISHARES CORE S&P 500 ETF | 1,094,854 | 1,385,127 |
| ISHARES CORE S&P U.S. VALUE ETF | 232,366 | 272,470 |
| ISHARES MSCI USA QUALITY FACTOR ETF | 452,619 | 514,990 |
| ISHARES MSCI EMERGING MARKETS EX CHINA ETF | 205,817 | 221,640 |
| MCDONALD'S CORP | 245,769 | 298,289 |
| MERCK & CO INC | 136,323 | 141,726 |
| PEPSI INC | 93,845 | 106,150 |
| PFIZER INC | 123,170 | 82,714 |
| VANGUARD DIVIDEND APPRECIATION ETF | 325,403 | 367,382 |
| VANGUARD STAR FUND | 337,274 | 347,760 |
| ABBVIE INC | 33,215 | 47,266 |
| APPLE INC | 37,537 | 52,946 |
| BERKSHIRE HATHAWAY INC DEL CL B | 42,920 | 42,799 |
| CISCO SYSTEMS INC | 36,665 | 35,364 |
| COCA COLA COMPANY | 37,758 | 41,251 |
| CONSTELLATION BRANDS INC CLA | 24,907 | 25,142 |
| GOLDMAN SACHS ETF TRUST | 101,693 | 112,572 |
| ISHARES CORE S&P 500 ETF | 156,938 | 191,052 |
| ISHARES RUSSELL 1000 ETF | 111,993 | 118,017 |
| ISHARES CORE DIVIDEND GROWTH ETF | 99,198 | 107,640 |
| MCDONALDS CORP | 31,065 | 38,546 |
| MICROSOFT CORP | 41,943 | 58,286 |
| UNION PACIFIC CORP | 24,539 | 27,018 |
| VANGUARD INDEX FUNDS VANGUARD VALUE ETF | 110,397 | 119,600 |
| VISA INC CL A COMMON STOCK | 38,942 | 44,260 |
| VANGUARD DIVIDEND GROWTH | 107,873 | 103,244 |
| GS FINANCE CORP BA-GEARS SPX 4/28/28 | 500,000 | 531,500 |
| GS FINANCE CORP BA-GEARS INTL BASKET 4/28/28 | 500,000 | 521,500 |
| GS FINANCE CORP TA-GEARS RTY | 500,000 | 520,500 |
| CANADIAN IMPERIAL BANK CA-GEARS SPY | 500,000 | 599,215 |
| CANADIAN IMPERIAL BANK L/O TC-CYN RTY SPX SX5E | 500,000 | 499,100 |
| BARCLAYS BANK PLC | 500,000 | 502,500 |
| MORGAN STANLEY FINANCE T-SS INTL BASKET | 500,000 | 583,250 |
| MORGAN STANLEY FINANCE T-SS SPX 8/18/27 | 500,000 | 541,750 |
| MORGAN STANLEY FINANCE TAR-SS MXEF 8/18/27 | 500,000 | 495,800 |
| MORGAN STANLEY FINANCE TSS SPX 9/30/27 | 250,000 | 313,375 |
| MORGAN STANLEY FINANCE TAR-SS INTL BASKET | 250,000 | 291,625 |
| MORGAN STANLEY FINANCE TAR-SS MXEF 9/30/27 | 250,000 | 286,075 |
| MORGAN STANLEY FINANCE TAR-SS MXEF 2/29/28 | 500,000 | 515,500 |
| MORGAN STANLEY FINANCE T-GEARS INTL BASKET 06/30/2032 | 500,000 | 546,500 |
| MORGAN STANLEY FINANCE TA-GEARS SPX 05/05/28 | 500,000 | 531,750 |
| MORGAN STANLEY FINANCE TA-GEARS SPX 05/16/2030 | 500,000 | 531,750 |
| JPMORGAN CHASE FINANCIAL C-GEARS SPX | 500,000 | 567,500 |
| JPMORGAN CHASE FINANCIAL TA-GEARS INTL BASKET 6/21/28 | 750,000 | 746,250 |
| UBS AG C-GEARS RTY 4/30/24 | 500,000 | 546,500 |
| UBS AG C-GEARS INTL BASKET | 500,000 | 571,000 |
| UBS AG C-GEARS RTY 8/30/24 | 550,000 | 587,950 |
| BOFA FINANCE LLC L/O TC-CYN RTY SPX SX5E 5/16/25 | 500,000 | 501,500 |
| BOFA FINANCE LLC L/O TC-CYN RTY SPX SX5E 9/9/26 | 500,000 | 498,000 |
| BOFA FINANCE LLC L/O TC-CYN RTY SPX SX5E 10/25/28 | 1,000,000 | 1,034,000 |
| BNP PARIBAS BA-GEARS SPX | 500,000 | 495,900 |
| BNP PARIBAS BA-GEARS RTY 12/31/26 | 500,000 | 496,550 |
| BNP PARIBAS BA-GEARS RTY 07/20/28 | 1,000,000 | 1,039,000 |
| BNP PARIBAS TA-GEARS INTL BASKET | 1,000,000 | 993,000 |
| BOFA FINANCE LLC L/O TC-CYN RTY SPX SX5E 2/12/27 | 1,000,000 | 998,000 |
| BARCLAYS BANK PLC TAR-SS INTL BASKET 2/29/28 | 500,000 | 524,000 |
| ROYAL BANK OF CANADA GEARS NKY | 750,000 | 818,250 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| JP MORGAN EXCHANGE TRADE FUND TRUST JP MORGAN EQUITY | AT COST | 485,100 | 488,827 |
| PROLOGIS INC | AT COST | 116,278 | 131,567 |
| JP MORGAN EXCHANGE TRADE FUND TRUST JP MORGAN EQUITY PREMIUM ETF | AT COST | 148,228 | 148,446 |
| BREVAN HOWARD ALPHA STRATEGIES FD LP | AT COST | 1,022,752 | 1,018,520 |
| ARES PRIVATE MARKETS FUND INVESTED | AT COST | 2,980,568 | 2,950,568 |
| ICAPITAL APOLLO ALIGNED ALTS ACCESS FD | AT COST | 1,004,952 | 1,033,850 |
| KKR PRIVATE EQUITY CONGLOMERATE LLC | AT COST | 1,006,693 | 1,029,320 |
| CIBUS ANNA FUND II LP | AT COST | 179,005 | 179,005 |
| ICAPITAL-BREP X OFFSHORE ACCESS FD LP | AT COST | 66,024 | 66,024 |
| PORTFOLIO ADVISORS PVT EQUITYFUND 2022 | AT COST | 1,150,315 | 1,150,315 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 20,760 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSES | 325,880 | 197,514 | 0 | |
| INVESTMENT INTEREST | 10,982 | 885 | 0 | |
| BANK FEES | 68,118 | 68,118 | 0 | |
| OFFICE EXPENSE | 193 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INVESTMENT INCOME - UBS | 282,725 | 282,725 | 282,725 |
| OTHER INVESTMENT INCOME - ALTERNATIVE INVESTMENTS | 18,439 | 18,439 | 18,439 |
| OTHER INVESTMENT INCOME - ALTERNATIVE INVESTMENTS - UBTI | 26,600 | 0 | 26,600 |
| Description | Amount |
|---|---|
| BOOK / TAX ADJUSTMENT | 34,318 |
| PRIOR PERIOD ADJUSTMENT | 2,549 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEES | 101,500 | 0 | 101,500 |
| Name | Address |
|---|---|
|
THE WHITING-TURNER CONTRACTING COMPANY |
300 E JOPPA ROAD 8TH FLOOR TOWSON,MD21286 |
|
LILLIAN HACKERMAN CHARITABLE LEAD TRUST |
300 E JOPPA ROAD 8TH FLOOR TOWSON,MD21286 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,292 | 0 | 0 | |
| UBIT | 15,158 | 0 | 0 |