| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,644 | 3,743 | 911 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CAPTRUST | 4,287,314 | 4,287,314 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ISTS ESCROW | 36,600 | 4,250 | 4,250 |
| PREPAID FEDERAL EXCISE TAX | 5,442 | 1,518 | 1,518 |
| PREPAID EXPENSES | 2,667 | 2,667 | 2,667 |
| DIVIDENDS RECEIVABLE | 4,936 | 4,927 | 4,927 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SCHOLARSHIP PROGRAM FEES | 16,300 | 0 | 16,300 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 269,164 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED INTEREST ON NOTES PAYABLE | 74,611 | 94,944 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 32,391 | 32,391 | 0 | |
| INVESTMENT CHARGE | 7 | 7 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 2,853 | 2,853 | 0 | |
| FEDERAL TAX | 3,924 | 0 | 0 |