| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,000 | 750 | 2,250 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN NET VENTURE | AT COST | 376,104 | 373,851 |
| INVESTMENT IN GAR 76 | AT COST | 2,329,556 | 3,437,019 |
| INVESTMENT IN FALCON FUND | AT COST | 2,155,659 | 3,335,404 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PORTFOLIO EXPENSES - FALCON FUND | 8,438 | 8,438 | 0 | |
| PORTFOLIO EXPENSES - GAR 76 | 8,150 | 8,150 | 0 | |
| PORTFOLIO EXPENSES - NET VENTURE | 1,026 | 1,026 | 0 | |
| INVESTMENT INTEREST EXP - GAR 76 | 152 | 152 | 0 | |
| INVESTMENT INTEREST EXP - NET VENTURE | 23 | 23 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 517 | 517 | 0 | |
| FEDERAL EXCISE TAX FOR PRIOR YEAR | 4,592 | 0 | 0 | |
| FEDERAL EXCISE TAX CURRENT YEAR | 7,200 | 0 | 0 |