| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 39,600 | 9,924 | 0 | 19,776 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BLACKROCK HIGH YIELD BOND | 1,656,872 | 1,537,032 |
| DOUBLELINE CORE BOND | 4,941,000 | 4,172,952 |
| LOOMIS SAYLES INVESTMENT BOND | 4,553,746 | 3,905,605 |
| PIMCO FLEXIBLE CREDIT INCOME | 2,694,912 | 2,081,200 |
| THORNBURG STRATEGIC INCOME | 2,500,051 | 2,535,263 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| DFA EMERGING MARKETS CORE EQUITY | 1,682,429 | 2,015,114 |
| DFA INTERNATIONAL SMALL | 1,920,369 | 2,075,042 |
| VANGUARD 500 INDEX FUND | 9,364,082 | 15,402,939 |
| VANGUARD DIV GROWTH FUND | 1,720,577 | 1,923,697 |
| VANGUARD EXPLORER FUND | 1,640,134 | 1,816,897 |
| VANGUARD FTSE ALL WORLD EX US | 2,359,148 | 3,308,569 |
| VANGUARD INTL GROWTH | 3,948,721 | 3,805,654 |
| VERSUS CAP REAL ASSETS FUND | 96,489 | 101,590 |
| BLACKSTONE REAL ESTATE | 1,565,167 | 1,469,047 |
| DISTILLATE US FUND M | 3,363,705 | 4,397,474 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| COMMONFUND CAP GLOBAL PE II | AT COST | 317,072 | 659,355 |
| COMMONFUND CAP VENTURE XII &VII | AT COST | 349,282 | 641,953 |
| COMMONFUND NATURAL RES. VIII | AT COST | 36,373 | 58,229 |
| TRUMBULL PROPERTY FUND | AT COST | 2,348,526 | 2,037,841 |
| TIFF PRIVATE EQUITY 2016 FUND | AT COST | 380,457 | 1,187,032 |
| AMG PANTHEON FUND | AT COST | 1,000,000 | 1,448,257 |
| IRONWOOD INSTITUTE MULTI | AT COST | 2,700,000 | 2,552,673 |
| PARTNERS GROUP PRIVATE EQUITY | AT COST | 1,000,000 | 1,131,083 |
| BLACKSTONE PRIVATE CRED | AT COST | 2,025,000 | 2,052,193 |
| BROOKFIELD INFRASTRUCTURE INCOME FUND | AT COST | 1,600,000 | 1,613,913 |
| DFA US TARGETED VALUE FUND | AT COST | 1,981,660 | 1,902,972 |
| TIFF PRIVATE EQUITY 2007 FUND | AT COST | 0 | 101,256 |
| TIFF PRIVATE EQUITY 2008 FUND | AT COST | 0 | 153,181 |
| TIFF PRIVATE EQUITY 2009 FUND | AT COST | 0 | 32,631 |
| TIFF PRIVATE EQUITY 2011 FUND | AT COST | 0 | 304,756 |
| TIFF PRIVATE EQUITY 2014 FUND | AT COST | 0 | 688,292 |
| COMMONFUND CAP IV | AT COST | 0 | 40,415 |
| COMMONFUND CAP VII | AT COST | 0 | 36,458 |
| COMMONFUND CAP VIII | AT COST | 0 | 507,467 |
| COMMONFUND INTERNATIONAL VII | AT COST | 0 | 301,549 |
| COMMONFUND CAP GLOBAL 2014 | AT COST | 0 | 932,573 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 1,426 | 357 | 0 | 1,069 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MINING AND GAS INTERESTS | 939,057 | 939,057 | 783,247 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 5,520 | 1,383 | 0 | 4,137 |
| TELEPHONE/INTERNET | 10,014 | 2,510 | 0 | 7,505 |
| SUPPLIES | 1,971 | 494 | 0 | 1,477 |
| EQUIPMENT | 47,552 | 11,917 | 0 | 35,635 |
| MISCELLANEOUS | 7,404 | 1,856 | 0 | 5,549 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MINING INTERESTS | 41,549 | 41,549 | 0 |
| MISCELLANEOUS INCOME | 60 | 60 | 0 |
| K-1 PARTNERSHIP INCOME | 0 | -55,546 | 0 |
| Description | Amount |
|---|---|
| COST BASIS ADJUSTMENT ON K-1 | 577,587 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER FEES | 24,405 | 1,159 | 0 | 23,246 |
| INVESTMENT EXPENSES | 56,502 | 56,502 | 0 | 0 |
| MEDIA RELATIONS | 177,595 | 0 | 0 | 177,595 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 58,042 | 0 | 0 | 0 |