| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,560 | 5,280 | 5,280 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC | 13,335,450 | 28,186,000 |
| AMAZON INC | 7,370,980 | 12,155,200 |
| AT & T INC | 18,446,762 | 13,340,100 |
| BANK OF AMERICA CORP | 1,157,800 | 1,178,450 |
| BLACKSTONE GROUP INC | 19,252,497 | 58,914,000 |
| CISCO SYSTEMS INC | 78,732 | 101,040 |
| EXXON MOBIL CORP | 1,521,900 | 1,999,600 |
| JP MORGAN CHASE & CO. | 11,372,686 | 17,147,101 |
| MERCK & COMPANY INC | 577,180 | 1,090,200 |
| MORGAN STANLEY | 1,194,850 | 2,331,250 |
| VERIZON COMMUNICATION | 1,413,401 | 1,131,000 |
| PARAMOUNT | 17,078,490 | 6,004,740 |
| WELLS FARGO | 14,141,465 | 18,457,500 |
| TRUIST FINL CORP | 5,546,019 | 3,692,000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OUTFRONT MEDIA INC | AT COST | 1,636,433 | 1,396,000 |
| ORION OFFICE REIT | AT COST | 140,487 | 40,326 |
| REALTY INCM CORP | AT COST | 3,509,114 | 4,048,110 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 43,992 | 43,992 | 43,992 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCES RELATED TO EXPENSES | 606,340 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 51,500 | 0 | 0 |