| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 19,907 | 9,952 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AKRE FOCUS INSTL | AT COST | 55,691 | 154,598 |
| BERKSHIRE HATHAWAY INCORPORATED CLASS B | AT COST | 11,542 | 11,332 |
| FIRST EAGLE GLOBAL | AT COST | 111,944 | 128,252 |
| FPA CRESCENT | AT COST | 189,675 | 227,687 |
| GOLDMAN SACHS FIN SQUARE FED INSTRUMENTS FD INSTL CL M/M | AT COST | 45,353 | 45,353 |
| HIGHLANDS REIT | AT COST | 16,253 | 13,996 |
| INVESCO S&P 500 | AT COST | 9,043 | 8,762 |
| INVESTCO QQQ | AT COST | 12,313 | 12,781 |
| ISHARES TR RUS | AT COST | 9,468 | 10,039 |
| JPMORGAN US TREASURY PLUS MONEY MARKET PREMIER CL | AT COST | 446,212 | 446,212 |
| PRIME CAP ODYSSEY AGGRESSIVE GROWTH | AT COST | 51,398 | 55,413 |
| T ROWE PRICE CAP APPREC INVESTOR | AT COST | 178,965 | 224,167 |
| VANGUARD VALUE ETF (VTV) | AT COST | 8,802 | 8,464 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM AFFILIATE | 2,575 | 3,103 | 3,103 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUSINESS LICENSES | 176 | 0 | 0 | |
| INVESTMENT FEES | 11,688 | 11,688 | 0 | |
| OTHER EXPENSES | 157 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MADOFF RECOVERY FUND | 6,576 | 6,576 | 6,576 |
| UNREALIZED INVESTMENT APPREC./(DEPREC.) | -969 | -969 | -969 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 1,972 | 0 | 0 |