| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIRST REPUBLIC | 15,074,102 | 15,074,102 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SHEPHERD SELECT ASSET LTD | FMV | 5,897 | 5,897 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 690 | 0 | 690 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM RELATED PARTY | 10,100 | 10,100 | 10,100 |
| PREPAID FEDERAL TAXES | 20,822 | 16,949 | 16,949 |
| Description | Amount |
|---|---|
| NON DEDUCTIBLE LP EXPENSES | 141 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OUTSIDE SERVICES | 255,000 | 0 | 255,000 | |
| WEBSITE DEVELOPMENT | 1,800 | 0 | 1,800 | |
| UTILITIES | 204 | 0 | 204 | |
| FILING FEE | 50 | 50 | 0 | |
| TELEPHONE | 1,865 | 0 | 1,865 | |
| OFFICE SUPPLIES | 14,614 | 0 | 14,614 | |
| INVESTMENT EXPENSES - LIMITED PARTNERSHIP | 5,111 | 5,111 | 0 | |
| INVESTMENT EXPENSES | 114 | 114 | 0 |
| Description | Amount |
|---|---|
| NET UNREALIZED GAINS RECORDED UNDER "SFAS 124" | 2,093,181 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL TAXES PAYABLE | 18,287 | 0 |
| STATE TAXES PAYABLE | 12,374 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CUSTODIAL AND ADVISORY FEES | 140,406 | 140,406 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 8,493 | 8,493 | 0 | |
| PAYROLL TAXES | 2,550 | 0 | 2,550 | |
| FEDERAL TAXES | 3,873 | 0 | 0 |