| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX RETURN PREPARATION | 9,025 | 0 | 9,025 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| EQUIPMENT | 2013-06-28 | 26,208 | 26,208 | SL | 5.000000000000 | 0 | 0 | ||
| FURNITURE AND FIXTURES | 2015-03-01 | 53,668 | 53,668 | SL | 5.000000000000 | 0 | 0 | ||
| DELL OPTIPLEX 3020 COMPUTER | 2015-03-01 | 1,177 | 952 | SL | 5.000000000000 | 0 | 0 | ||
| DELL OPTIPLEX 3070 COMPUTER | 2020-01-31 | 1,005 | 740 | SL | 5.000000000000 | 201 | 0 | ||
| JULIA LOUISE REYNOLDS PORTRAIT | 2015-08-17 | 474 | 474 | SL | 5.000000000000 | 0 | 0 | ||
| SS LOUISE | 2015-09-03 | 3,472 | 3,472 | SL | 5.000000000000 | 0 | 0 | ||
| JOHN REYNOLDS PORTRAIT | 2018-12-31 | 1,883 | 1,883 | SL | 5.000000000000 | 0 | 0 | ||
| REYNOLDS ALUMINUM PIECE | 2021-03-01 | 1,000 | 600 | SL | 5.000000000000 | 200 | 0 | ||
| DELL LAPTOP | 2021-11-30 | 1,701 | 510 | SL | 5.000000000000 | 340 | 0 | ||
| SAMSUNG 85" TV | 2022-11-01 | 2,490 | 249 | SL | 5.000000000000 | 498 | 0 | ||
| CONFERENCING EQUIPMENT | 2023-11-30 | 4,523 | SL | 5.000000000000 | 452 | 0 | |||
| BROTHER LASER PRINTER | 2024-02-29 | 510 | SL | 5.000000000000 | 51 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| PASSTHROUGH K-1 CAPITAL GAIN UBI | PURCHASED | 128 | COST | 0 | -128 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| LEHMAN BRTH HLD ESC - 525ESCIB7 | 39,697 | 20 |
| CARRIER GLOBAL CORPORATION - 14448CAN4 | 63,816 | 63,621 |
| JB HUNT TRANSPRT SVCS - 445658CF2 | 35,122 | 34,208 |
| MEDIUM TERM NOTE - 61761J3R8 | 62,554 | 62,143 |
| CITIGROUP INC - 172967KY6 | 67,653 | 61,989 |
| WELLS FARGO COMPANY - 949746SH5 | 66,982 | 61,746 |
| HASBRO INC - 418056AY3 | 67,133 | 62,036 |
| CNH EQUIP TR - 12666DAB7 | 50,287 | 50,342 |
| KEYSIGHT TECHNOLOGIES - 49338LAE3 | 68,822 | 63,841 |
| AMERICAN EXPRESS CREDIT - 02582JJT8 | 124,972 | 122,763 |
| AMERICAN TOWER CORP - 03027XAR1 | 36,856 | 33,026 |
| VERIZON COMMUNICATIONS INC - 92343VGH1 | 65,066 | 58,456 |
| DOLLAR TREE INC - 256746AH1 | 71,171 | 62,390 |
| PERKINELMER INC - 714046AM1 | 34,975 | 30,618 |
| ANALOG DEVICES INC - 032654AU9 | 69,597 | 61,664 |
| MARVELL TECHNOLOGY INC - 573874AP9 | 59,866 | 61,258 |
| AIR LEASE CORP FR - 00914AAV4 | 64,360 | 64,314 |
| CLOROX CO - 189054AY5 | 64,783 | 63,242 |
| US BANCORP - 91159HJQ4 | 65,134 | 65,174 |
| COMCAST CORPORATION - 20030NDG3 | 35,788 | 32,176 |
| SYSCO CORP SR NT - 871829BL0 | 30,941 | 31,221 |
| CROWN CASTLE INTERNATIONAL CORP - 22822VAR2 | 34,782 | 31,192 |
| REGENERON PHARMACEUTICALS SR NT - 75886FAE7 | 65,582 | 65,889 |
| BIO RAD LABS INC - 090572AQ1 | 61,984 | 61,982 |
| TRIMBLE INC - 896239AE0 | 60,124 | 62,131 |
| JP MORGAN MORTGAGE TRUST - 466247AA1 | 393 | 370 |
| STRUCTURED ASSET SECURITIES CORP - 86359A5V1 | 1,039 | 1,021 |
| PNC FINL SVCS GROUP INC - 693475BU8 | 66,396 | 65,392 |
| MORGAN STANLEY MORTGAGE LOAN TRUST - 61748HMR9 | 12,433 | 4,082 |
| FORTIS INC - 349553AM9 | 36,290 | 33,210 |
| WASTE CONNECTIONS INC SR NT - 94106BAG6 | 103,777 | 102,634 |
| ABBVIE INC - 00287YBZ1 | 44,462 | 44,504 |
| CARRIER GLOBAL CORPORATION - 14448CAN4 | 44,117 | 44,045 |
| MORGAN STANLEY - 6174468R3 | 44,706 | 44,305 |
| JOHN DEERE OWNER - 47787CAB9 | 20,316 | 20,329 |
| FORD CREDIT AUTO - 344940AB7 | 18,833 | 18,833 |
| VERIZON MASTER - 92348KBC6 | 61,150 | 60,890 |
| CNH EQUIP TR - 12657WAE0 | 34,998 | 32,824 |
| AIR LEASE CORP FR - 00914AAV4 | 44,482 | 44,525 |
| AT T INC - 00206RHJ4 | 28,476 | 29,075 |
| US BANCORP - 91159HJM3 | 45,157 | 45,681 |
| MICRON TECHNOLOGY INC - 595112BV4 | 15,663 | 15,954 |
| EQUINIX INC - 29444UBE5 | 49,038 | 45,051 |
| AMPHENOL CORP - 032095AJ0 | 49,887 | 44,512 |
| CROWN CASTLE INTERNATIONAL CORP - 22822VAR2 | 29,853 | 26,736 |
| REGENERON PHARMACEUTICALS SR NT - 75886FAE7 | 28,694 | 28,826 |
| ROPER TECHONOLOGIES INC - 776743AL0 | 24,565 | 24,150 |
| MARVELL TEHNOLOGY INC - 573874AN4 | 43,631 | 43,128 |
| PERKINELMER INC - 714046AN9 | 51,397 | 45,003 |
| BIO RAD LABS INC - 090572AQ1 | 31,023 | 30,991 |
| SPRINT CORP - 85207UAJ4 | 41,616 | 42,098 |
| TRIMBLE INC - 896239AE0 | 45,424 | 46,598 |
| ASIAN DEVELOPMENT BANK ADB - 04517PBT8 | 164,360 | 164,088 |
| PNC FINL SVCS GROUP INC - 693475BU8 | 44,113 | 43,595 |
| INTER AMERICAN DEVEL BK - 4581X0DZ8 | 74,504 | 74,162 |
| ASIAN DEVELOPMENT BANK - 045167FM0 | 152,856 | 151,991 |
| FORTIS INC - 349553AM9 | 50,557 | 47,443 |
| TORONTO DOMINION BANK - 89115A2V3 | 30,113 | 29,990 |
| EUROPEAN INVT BK - 298785JR8 | 75,251 | 70,854 |
| KREDITANSTALT FUR WIEDERAUFBAU FLBL - 500769JG0 | 108,675 | 90,050 |
| INTER AMERICAN DEVEL BK - 4581X0DS4 | 62,025 | 56,755 |
| INTER AMERICAN DEV BK GLBL - 4581X0EJ3 | 47,189 | 46,441 |
| WASTE CONNECTIONS INC SR NT - 94106BAG6 | 44,476 | 43,986 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ARTISAN INTL VALUE FUND INS - APHKX | 653,700 | 948,655 |
| BA BEUTL GDMAN LRG CAP INST - BVALX | 3,267,368 | 4,853,399 |
| BROWN ADV MID CAP GRWTH INST - BAFMX | 240,757 | 276,821 |
| BROWN ADV STRAT EUR EQ INS - BAFHX | 661,383 | 899,762 |
| BROWN ADVISORY EMG MKTS INS - BAFQX | 1,005,141 | 1,265,697 |
| BROWN ADVISORY SUSTAINABLE GROWTH - BAFWX | 2,335,288 | 7,068,066 |
| LAZARD CI LIST INFRASTR INST - GLIFX | 1,080,000 | 1,125,063 |
| BROWN ADVISORY MORT SEC INS - BAFZX | 2,159,224 | 1,914,252 |
| ACCOLADE INC | 41,758 | 10,339 |
| APPLIED INDL TECHNOLOGIES INC | 21,241 | 21,534 |
| ARVINAS INC | 5,235 | 3,381 |
| AZEK CO INC CL A | 28,399 | 33,114 |
| BIO TECHNE CORP | 32,326 | 36,040 |
| BLACKLINE INC | 19,759 | 25,146 |
| BLUEPRINT MEDICINES CORP | 20,380 | 34,705 |
| BRIGHT HORIZONS FAMILY SOLUT | 68,590 | 124,500 |
| BRUKER CORPORATION | 50,831 | 65,788 |
| CACTUS INC A | 15,082 | 25,948 |
| CASELLA WASTE SYSTEMS INC A | 51,667 | 67,668 |
| CASEYS GEN STORES INC | 24,751 | 89,667 |
| CCC INTELLIGENT SOLUTIONS HLD COM | 60,687 | 62,338 |
| CHAMPIONX CORPORATION COM | 64,590 | 89,966 |
| CHURCHILL DOWNS INC | 8,544 | 13,402 |
| CLARUS CORPORATION | 24,602 | 14,544 |
| CLEAR SECURE INC COM CL A | 51,014 | 39,908 |
| CLEARWATER ANALYTICS HLDGS INC CL A | 11,074 | 11,297 |
| COGENT COMMUNICATIONS HOLDING | 34,613 | 36,742 |
| CURTISS WRIGHT CORP | 28,053 | 47,151 |
| CYTOKINETICS INC | 33,977 | 25,031 |
| DIGITALBRIDGE GROUP INC | 24,244 | 12,494 |
| DYNATRACE INC | 54,613 | 77,758 |
| EASTGROUP PROPERTIES INC | 32,374 | 52,901 |
| ENCOMPASS HEALTH CORPORATION | 45,730 | 74,037 |
| ENPRO INC | 36,194 | 36,247 |
| ENTEGRIS INC | 26,512 | 70,002 |
| ENVESTNET INC | 54,707 | 61,338 |
| FIRST WATCH RESTAURANT GROUP I COM | 10,247 | 10,237 |
| FLUOR CORP | 53,009 | 58,009 |
| FTI CONSULTING INC | 25,573 | 49,787 |
| FULLER H B CO | 54,436 | 63,415 |
| GUIDEWIRE SOFTWARE INC | 24,650 | 40,815 |
| HAEMONETICS CORP MASS COM | 18,196 | 16,215 |
| HEALTHEQUITY INC | 43,981 | 74,046 |
| HOULIHAN LOKEY INC | 20,824 | 29,265 |
| IDEX CORP | 19,044 | 31,991 |
| IMMUNOME INC COM | 6,540 | 3,957 |
| INARI MED INC | 48,419 | 42,950 |
| INFINERA CORP | 58,902 | 46,954 |
| JOHN BEAN TECHNOLOGIES CORP | 8,843 | 9,307 |
| KADANT INC | 27,774 | 29,672 |
| LATTICE SEMICONDUCTOR CORP | 15,364 | 24,530 |
| LIFESTANCE HEALTH GROUP INC COM | 25,235 | 17,131 |
| LITTELFUSE INC | 33,330 | 43,706 |
| MISTER CAR WASH INC COM | 71,881 | 53,585 |
| MSA SAFETY INC | 37,370 | 63,439 |
| MUELLER WTR PRODS INC | 23,388 | 31,396 |
| NEOGENOMICS INC | 62,631 | 66,382 |
| NEUROCRINE BIOSCIENCES INC | 36,098 | 77,784 |
| OCEANEERING INTERNATIONAL INC | 18,471 | 18,644 |
| ONTO INNOVAITON INC | 7,566 | 15,150 |
| ORTHOPEDIATRICS CORP | 29,196 | 22,318 |
| PHREESIA INC | 66,388 | 68,476 |
| PINTEREST INC CLASS A | 26,754 | 52,443 |
| POWER INTEGRATIONS INC | 40,087 | 34,253 |
| PROS HOLDINGS INC | 53,448 | 41,055 |
| PROSPERITY BANCSHARES INC | 77,700 | 80,093 |
| QUAKER CHEM CORP | 49,327 | 49,383 |
| SI BONE INC | 47,384 | 26,235 |
| SIMPLY GOODS FOODS COMPANY | 9,344 | 15,138 |
| SITEONE LANDSCAPE SUPPLY INC | 23,180 | 28,653 |
| SITIME CORP | 31,169 | 38,682 |
| SPX TECHNOLOGIES INC COM | 16,453 | 27,859 |
| TAKE-TWO INTERACTIVE SOFTWARE INC | 11,343 | 19,592 |
| TOPBUILD CORP | 2,939 | 25,043 |
| VALMONT INDS INC | 76,073 | 87,824 |
| VAXCYTE INC COM | 17,888 | 17,820 |
| VIZIO HLDG CORP CL A COM | 4,933 | 7,139 |
| WEX INC | 37,020 | 49,599 |
| WOODWARD INC | 19,547 | 53,535 |
| WORKIVA INC | 18,525 | 39,488 |
| ZURN ELKAY WATER SOLUTIONS | 46,009 | 40,278 |
| ASCENDIS PHARMA A S A D R | 28,180 | 32,868 |
| ESTABLISHMENT HOLDINGS | 24,517 | 56,936 |
| RENTOKIL INITIAL PLC SP A D R | 65,379 | 50,257 |
| WASTE CONNECTIONS INC | 41,963 | 148,881 |
| SPDR S&P BIOTECH | 66,332 | 76,671 |
| ALBANY INTL CORP CL A | 37,427 | 75,161 |
| AMALGAMATED FINL CORP | 40,062 | 48,361 |
| ASSURANT INC | 4,342 | 21,114 |
| AVANOS MEDICAL INC | 69,720 | 71,632 |
| BANCORP INC THE | 91,379 | 136,049 |
| BEL FUSE INC CL A | 23,746 | 30,746 |
| BRISTOW GROUP INC COM | 52,340 | 63,103 |
| CABLE ONCE INC | 122,425 | 61,950 |
| CRANE NXT CO | 52,391 | 73,765 |
| CTS CORP | 68,005 | 118,829 |
| CURTISS WRIGHT CORP | 35,779 | 107,579 |
| DIME COMMUNITY BANCSHARES INC COM | 51,596 | 29,988 |
| EAGLE MATERIALS INC | 43,829 | 139,174 |
| EASTERN BANKSHARES INC | 97,366 | 84,104 |
| ENPRO INDUSTRIES INC | 75,706 | 87,342 |
| EQUITY COMMONWEALTH | 114,277 | 109,804 |
| ESC GCI LIBERY INC SR | 1 | 0 |
| ESSENTIAL PROPERTIES REALTY | 35,520 | 82,825 |
| FEDERAL SIGNAL CORP | 2,874 | 16,148 |
| GETTY RITY CORP NEW | 41,094 | 45,162 |
| GLOBAL MEDICAL REIT INC | 41,895 | 26,486 |
| GLOBAL NET LEASE INC | 45,890 | 38,646 |
| HANOVER INS GROUP INC | 62,757 | 76,393 |
| HORACE MANN EDUCATORS CORP | 69,784 | 64,490 |
| IAC INC | 47,850 | 40,244 |
| INGEVITY CORP | 97,032 | 59,839 |
| KADANT INC | 6,088 | 71,682 |
| LA Z BOY INC | 54,590 | 65,911 |
| LADDER CAPITAL CORP REIT CL A | 74,828 | 84,731 |
| LEONARDO DRS INC | 41,923 | 80,994 |
| M G I C INVT CORP | 44,432 | 83,679 |
| MODINE MANUFACTURING CO | 32,620 | 142,470 |
| MONARCH CASINO RESORT INC | 43,016 | 44,080 |
| MONRO INC | 44,623 | 37,031 |
| MUELLER WTR PRODS INC | 27,206 | 46,108 |
| MURPHY USA INC W I | 7,224 | 67,133 |
| NCR ATLEOS LLC W I | 102,481 | 133,614 |
| NCR VOYIX CORPORATION | 106,855 | 91,995 |
| NEXSTAR MEDIA GROUP INC | 31,332 | 97,614 |
| OCEANEERING INTERNATIONL INC | 38,460 | 94,948 |
| OLD NATL BANCORP IND | 71,335 | 72,662 |
| PACIFIC PREMIER BANCORP INC | 77,457 | 72,907 |
| PATTERSON COMPANIES INC | 96,676 | 79,717 |
| PC CONNECTION INC | 11,617 | 18,875 |
| PEAPACK GLADSTONE FINL CORP | 26,719 | 24,281 |
| PEOPLES BANCORP INC | 45,999 | 49,620 |
| PORTLAND GENERAL ELECTRIC CO | 57,858 | 61,185 |
| REX AMERICAN RESOURCES CORP | 27,191 | 54,936 |
| SEACOAST BANKING CORP FL | 19,046 | 17,730 |
| SHUTTERSTOCK INC | 92,393 | 74,420 |
| SITE CENTERS CORP | 47,388 | 48,575 |
| SITIO ROYALTIES CORP CLASS A | 64,157 | 65,683 |
| STAR GROUP L P | 18,485 | 21,525 |
| TALEN ENERGY CORP COM | 106,092 | 125,786 |
| TENNANT CO | 94,386 | 95,093 |
| THERMON GROUP HOLDINGS INC | 41,990 | 66,288 |
| TREEHOUSE FOODS INC | 85,620 | 78,849 |
| VIRTUS INVESTMENT PARTNERS | 13,153 | 40,427 |
| VISTA OUTDOOR INC WI | 55,315 | 100,751 |
| WSFS FINL CORP | 78,933 | 72,568 |
| ASSURED CUARANTY LTD | 67,145 | 89,803 |
| CIVEO CORP CDA | 15,671 | 19,139 |
| ORION S.A | 120,976 | 109,042 |
| SENSATA TECHNOLOGIES HOLDING | 71,882 | 64,049 |
| SIGNET JEWELERS LTD | 87,627 | 107,586 |
| WHITE MTNS INS GROUP LTD | 69,081 | 78,150 |
| ADOBE INC | 15,292 | 91,109 |
| ALIGN TECHNOLOGY INC | 65,028 | 65,669 |
| ALPHABET INC CL C | 21,359 | 127,293 |
| AMAZON COM INC | 14,281 | 159,625 |
| ATLASSIAN CORPORATION CL A | 64,847 | 78,888 |
| AUTODESK INC | 53,236 | 97,495 |
| CADENCE DESIGN SYS INC | 72,885 | 75,399 |
| CINTAS CORP | 23,429 | 100,837 |
| COSTAR GROUP INC | 81,272 | 87,040 |
| COSTCO WHSL CORP | 8,358 | 150,448 |
| EDWARDS LIFESCIENCES CORP | 24,041 | 74,820 |
| GENERAC HOLDINGS INC | 56,695 | 69,019 |
| HILTON WORLDWIDE HLDGS WI | 113,713 | 124,592 |
| IDEX CORP | 14,030 | 14,688 |
| INTUIT INC | 22,583 | 128,156 |
| INTUITIVE SURGICAL INC | 12,283 | 133,010 |
| MARVELL TECHNOLOGY INC | 93,525 | 85,208 |
| MASTERCARD INC | 81,341 | 118,672 |
| MICROSOFT CORP COM | 39,701 | 156,433 |
| NVIDIA CORP | 24,756 | 154,425 |
| PROGRESSIVE CORP | 75,466 | 114,448 |
| S P GLOBAL INC | 88,305 | 108,378 |
| SERVICENOW INC | 79,581 | 134,521 |
| THERMO FISHER SCIENTIFIC INC | 19,443 | 71,337 |
| TRANSDIGM GROUP INC | 96,378 | 97,098 |
| UBER TECHNOLOGIES INC | 63,106 | 106,476 |
| VEEVA SYSTEMS INC CLASS A | 69,873 | 51,243 |
| VERALTO CORP COM SHS | 51,901 | 67,593 |
| WORKDAY INC | 76,648 | 66,844 |
| ZOETIS INC CL A | 49,403 | 109,564 |
| NXP SEMICONDUCTORS N V COM | 17,432 | 58,931 |
| ABBVIE INC | 62,248 | 192,617 |
| AMERIPRISE FINL INC | 36,064 | 164,041 |
| APPLE INC COM | 24,930 | 355,527 |
| AUTOMATIC DATA PROCESSING | 93,253 | 242,509 |
| BANK OF AMERICA CORP | 69,418 | 106,385 |
| BEST BUY CO INC | 15,741 | 80,328 |
| BLACKSTONE GROUP INC CLASS A | 50,647 | 152,645 |
| CITIGROUP INC | 94,171 | 95,127 |
| COGENT COMMUNICATIONS HOLDIN | 173,619 | 149,905 |
| COMCAST CORP CLASS A | 117,028 | 126,839 |
| CUMMINS INC COM | 104,464 | 120,465 |
| DOW INC | 48,038 | 63,289 |
| EASTGROUP PPTYS INC COM | 157,616 | 169,420 |
| GETTY RLTY CORP NEW | 91,653 | 89,471 |
| GILEAD SCIENCES INC | 182,628 | 179,690 |
| HOME DEPOT INC | 55,479 | 148,023 |
| J P MORGAN CHASE CO COM | 45,682 | 193,158 |
| KENVUE INC COM | 198,018 | 175,655 |
| KINDER MORGAN INC | 177,897 | 210,205 |
| LADDER CAPITAL CORP REIT CL A | 76,396 | 80,836 |
| MCDONALDS CORP COM | 49,619 | 146,278 |
| MERCK CO INC | 83,600 | 250,324 |
| MICROSOFT CORP COM | 28,931 | 509,076 |
| MORGAN STANLEY COM NEW | 176,452 | 199,142 |
| OTIS WORLDWIDE CORP | 41,530 | 75,949 |
| PEPSICO INC | 182,466 | 178,124 |
| PORTLAND GENERAL ELECTRIC CO | 70,309 | 73,854 |
| PROCTER GAMBLE CO | 196,706 | 230,723 |
| STARBUCKS CORP COM | 121,241 | 102,139 |
| T MOBILE US INC | 72,793 | 93,375 |
| TARGET CORP | 72,958 | 115,767 |
| UNITEDHEALTH GROUP INC COM | 53,852 | 130,371 |
| ACCENTURE PLC IRELAND SHS CLASS A | 20,031 | 106,800 |
| FERGUSON PLC NEW SHS | 57,224 | 59,451 |
| LINDE PLC SHS | 76,987 | 206,680 |
| MEDTRONIC PLC SHS | 100,382 | 102,166 |
| NOVARTIS AG A D R | 60,560 | 136,482 |
| UNILEVER PLC SPONSORED A D R | 154,555 | 204,178 |
| ADOBE INC | 114,228 | 186,106 |
| AGILENT TECHNOLOGIES INC | 95,001 | 129,500 |
| ALIGN TECHNOLOGY INC | 93,490 | 112,506 |
| ALPHABET INC CL A | 22,385 | 305,830 |
| ALPHABET INC CL C | 30,162 | 409,577 |
| AMAZON COM INC | 235,495 | 429,788 |
| AMERICAN INTERNATIONAL GROUP | 165,476 | 177,211 |
| AMERIPRISE FINL INC | 25,291 | 129,011 |
| ANALOG DEVICES INC | 62,668 | 157,956 |
| APPLE INC COM | 22,217 | 324,144 |
| AUTODESK INC | 145,483 | 163,812 |
| BAKER HUGHES COMPANY | 84,750 | 110,152 |
| BANK OF AMERICA CORP | 33,922 | 114,021 |
| BERKSHIRE HATHAWAY INC CL B | 82,538 | 402,325 |
| BLACKSTONE GROUP INC CLASS A | 25,705 | 89,631 |
| BOOKING HOLDINGS INC | 58,062 | 225,806 |
| BRIGHT HORIZONS FAMILY SOLUT | 99,690 | 95,109 |
| CARMAX INC | 39,757 | 105,023 |
| CARRIER GLOBAL CORPORATION COM | 71,384 | 151,266 |
| DANAHER CORP | 112,168 | 121,177 |
| EDWARDS LIFESCIENCES CORP | 36,909 | 227,969 |
| ELEVANCE HEALTH INC | 33,052 | 209,158 |
| FIRST CTZNS BANSHARES INC CL A | 81,080 | 205,400 |
| FISERV INC | 157,673 | 205,228 |
| GE AEROSPACE | 67,618 | 121,930 |
| INTUIT INC | 84,220 | 235,281 |
| KKR CO INC A | 112,094 | 398,860 |
| LOWES CO INC | 10,779 | 105,159 |
| MASTERCARD INC | 29,121 | 441,601 |
| MERCK CO INC | 20,476 | 92,850 |
| META PLATFORMS INC | 120,235 | 493,127 |
| MICROSOFT CORP COM | 46,468 | 784,844 |
| PROGRESSIVE CORP | 89,607 | 159,106 |
| SBA COMMUNICATIONS CORP | 75,388 | 83,624 |
| T MOBILE USA INC | 96,831 | 135,482 |
| TJX COMPANIES INC | 43,818 | 161,297 |
| UBER TECHNOLOGIES INC | 64,590 | 117,306 |
| UNITED RENTALS INC COM | 16,145 | 220,535 |
| UNITEDHEALTH GROUP INC COM | 168,090 | 344,769 |
| VISA INC COM CL A | 62,347 | 443,574 |
| AMER SPORTS INC COM | 104,000 | 96,173 |
| CANADIAN NATL RAILWAY CO | 60,118 | 122,501 |
| FERGUSON PLC NEW SHS | 137,503 | 165,958 |
| NOMAD FOODS LTD | 98,648 | 105,258 |
| SUNCOR ENERGY INC | 119,187 | 191,414 |
| TAIWAN SEMICONDUCTOR A D R | 118,649 | 368,999 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| RICRYN, LLC | FMV | 744,761 | 744,761 |
| BROWN CRC IV | AT COST | 132,439 | 238,046 |
| BROWN JMI X | AT COST | 211,847 | 264,684 |
| BROWN PEP 11 | AT COST | 21,686 | 21,784 |
| BROWN PRIVATE EQUITY 10 Q | AT COST | 77,174 | 95,588 |
| BROWN PRIVATE EQUITY TEI | AT COST | 128,500 | 216,318 |
| BROWN PRIVATE EQUITY TEIII | AT COST | 171,352 | 196,513 |
| BROWN PRIVATE EQUITY PEP V | AT COST | 154,447 | 292,606 |
| BROWN REAL ESTATE I (QP) | AT COST | 171,128 | 223,611 |
| PARK STREET PRIVATE EQUITY | AT COST | 115,538 | 285,302 |
| CERBERUS | AT COST | 5,942 | 6,026 |
| SHEPHERD SELECT | AT COST | 0 | 2,077 |
| SHEPHERD INVESTMENTS | AT COST | 635,807 | 635,807 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 39,721 | 34,276 | 5,445 | 5,445 |
| FURNITURE AND FIXTURES | 55,392 | 53,849 | 1,543 | 1,543 |
| ARTWORK | 6,829 | 6,429 | 400 | 400 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GENERAL GOVERNANCE | 5,007 | 0 | 5,007 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| A.D. REYNOLDS COLLECTION | 24,549 | 24,549 | 24,549 |
| REYNOLDS LITERATURE | 93,911 | 93,911 | 93,911 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ANNUAL FEES | 1,034 | 0 | 1,034 | |
| BANK CHARGES | 116 | 116 | 0 | |
| DUES, FEES, & SUBSCRIPTIONS | 2,510 | 0 | 2,510 | |
| INSURANCE | 2,309 | 0 | 2,309 | |
| K-1 EXPENSES | 38,365 | 36,897 | 1,419 | |
| OFFICE EXPENSE | 6,630 | 0 | 6,630 | |
| OTHER EXPENSES | 716 | 0 | 716 | |
| RENTAL PROPERTY EXPENSES | 6,540 | 6,540 | 0 | |
| SHIPPING & POSTAGE | 1,510 | 0 | 1,510 | |
| SOFTWARE | 12,627 | 0 | 12,627 | |
| STORAGE | 8,971 | 0 | 8,971 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM PASSTHROUGH ENTITIES | 23,550 | 22,653 | 23,550 |
| MISCELLANEOUS REVENUE | 7,309 | 7,309 | 7,309 |
| RETURN OF GRANT | 84,499 | 84,499 | |
| EXPENSE REIMBURSEMENT | 48,389 | 48,389 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 13,586 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER CONSULTING | 1,758 | 0 | 1,758 | |
| INVESTMENT FEES | 170,415 | 170,415 | 0 | |
| MAUSOLEUM MAINTENANCE | 3,290 | 0 | 3,290 | |
| OFFICE-RELATED SERVICES | 2,367 | 0 | 2,367 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUSINESS PROPERTY TAXES | 558 | 0 | 558 | |
| FOREIGN TAXES | 4,878 | 4,878 | 0 | |
| EXCISE TAX | 27,457 | 0 | 0 | |
| PAYROLL TAXES | 6,541 | 654 | 5,887 |