| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| WILLIAM BLAIR & CO ACG | FMV | 7,133,591 | 7,133,591 |
| ROBECO PREM EQUITY ACV | FMV | 7,289,049 | 7,289,049 |
| PIMCO | FMV | 2,514,320 | 2,514,320 |
| EARNEST FOREIGN | FMV | 5,198,438 | 5,198,438 |
| MLPA | FMV | 31,144,281 | 31,144,281 |
| INVESCO CORE REAL ESTATE USA LP | FMV | 5,082,430 | 5,082,430 |
| MFS | FMV | 4,735,081 | 4,735,081 |
| TRUST MANAGEMENT | FMV | 1,352,891 | 1,352,891 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 703 | 0 | 703 | |
| OTHER OFFICE ADMINISTRATION | 18,355 | 0 | 18,355 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET INCOME FROM OPEN-END FUNDS | 182,173 | 182,173 | 182,173 |
| RETURNED GRANTS | 185 | 185 |
| Description | Amount |
|---|---|
| NET UNREALIZED GAIN ON INVESTMENTS | 5,242,506 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED TAXES | 84,424 | 157,508 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 449,849 | 449,849 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 17,098 | 0 | 17,098 | |
| EXCISE TAX ON INVESTMENT INCOME | 99,274 | 0 | 10,000 |