| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 171,582 | 85,791 | 85,791 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MFC VANGUARD TOTAL BOND MARKET ETF | 8,986,089 | 8,986,089 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CF ARROWSTREET ACWI EX US ALPHA EXTENSION TRUST FUND U CLASS C 2023 | 3,048,044 | 3,048,044 |
| CF EQUITY FUND APL | 2,500,000 | 2,500,000 |
| CHURCHILL DOWNS INC COM | 57,835,829 | 57,835,829 |
| MFC VANGUARD INDEX FUNDS S&P 500 ETF SHSNEW | 19,052,322 | 19,052,322 |
| MFC VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF | 2,004,833 | 2,004,833 |
| MFO ARTISAN FDS INC INTL VALUE FD INSTL | 4,876,425 | 4,876,425 |
| VANGUARD FTSE DEVELOPED MARKETS ETF SEDOL | 4,573,170 | 4,573,170 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FORTRESS LENDING FUND IV (A) LP | FMV | 2,787,796 | 2,787,796 |
| CF DAVIDSON KEMPNER INTL (BVI) LTD CL C TRANCHE 3 01MAY23 | FMV | 2,856,983 | 2,856,983 |
| CF GRAHAM GLOBAL INVESTMENT FUND II SPC LTD GGIF II PMX SP | FMV | 2,090,594 | 2,090,594 |
| CF REDWOOD OFFSHORE FUND LTD CLS AII_NR 1 5/20 AII/586 | FMV | 1,283,221 | 1,283,221 |
| FORTRESS LENDING FUND IV (A) LP | FMV | 971,670 | 971,670 |
| GQG PARTNERS EMERGING MARKETS EQUITY FUND | FMV | 1,254,509 | 1,254,509 |
| PARAMETRIC GLOBAL DEFENSIVE EQUITY FUND LLC | FMV | 1,270,277 | 1,270,277 |
| TWO SIGMA ACTIVE EXTENSION U.S. ALL CAP EQUITY CAYMAN FUND, LTD | FMV | 8,819,366 | 8,819,366 |
| US RESEARCH EQUITY EXTENDED FUND LP | FMV | 5,122,369 | 5,122,369 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 465,201 |
| PRIOR PERIOD ADJUSTMENT | 17,197 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE - LIABILITY | 8,650 | 0 | 20,826 | |
| SUBSCRIPTIONS | 6,377 | 0 | 6,377 | |
| RECRUITING FEES | 35,973 | 0 | 14,925 | |
| REGISTRATION FEES | 2,676 | 0 | 2,676 | |
| PUBLIC RELATIONS | 3,946 | 0 | 3,946 | |
| BANK FEES | 255 | 255 | 0 | |
| SUPPLIES | 2,449 | 0 | 2,449 | |
| MEMBERSHIPS | 27,059 | 0 | 27,059 | |
| OTHER OPERATING EXPENSES | 1,103 | 0 | 1,103 | |
| K-1 - PASSTHROUGH DEDUCTIONS | 0 | 82,789 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| BOOK GAIN | 151,478 | 0 | 151,478 |
| K-1 INCOME | 0 | 381,176 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OTHER LIABILITIES | 0 | 19,302 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 219,204 | 219,204 | 0 | |
| IT SERVICES | 22,236 | 0 | 22,236 | |
| STRATEGY CONSULTING - JH PHILANTHROPY | 100,000 | 0 | 100,000 | |
| WEBSITE AND SOFTWARE | 111,795 | 0 | 68,919 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 19,886 | 0 | 0 | |
| K-1 - FOREIGN TAX | 0 | 8,430 | 0 |