| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 50,284 | 21,662 | 28,622 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| TIFF KEYSTONE FUND, L.P | FMV | 67,710,031 | 67,710,031 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,004 | 0 | 2,004 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EQUIPMENT | 1,400 | 27 | 1,373 | |
| TELEPHONE & INTERNET | 5,436 | 105 | 5,331 | |
| INFORMATION TECHNOLOGY | 38,627 | 0 | 38,627 | |
| OFFICE EXPENSES | 1,416 | 0 | 1,416 | |
| PARKING | 7,702 | 144 | 7,558 | |
| MEMBERSHIP DUES | 11,137 | 0 | 11,137 | |
| INSURANCE | 3,395 | 0 | 3,395 | |
| 401K ADMINISTRATION FEES | 1,850 | 0 | 1,850 | |
| PAYROLL PROCESSING & FSA FEES | 2,708 | 0 | 2,708 | |
| BANK SERVICE CHARGES | 257 | 0 | 257 | |
| AWARDS | 5,000 | 0 | 5,000 | |
| PORTFOLIO DEDUCTIONS FROM TIFF KEYSTONE FUND, LP | 0 | 981,750 | 0 | |
| MISCELLANEOUS EXPENSE | 12,302 | 0 | 12,302 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TIFF KEYSTONE FUND, LP | 0 | 2,056,367 | 0 |
| EXCISE TAX REFUND | 44,208 | 44,208 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 2,828,669 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING | 750 | 0 | 750 | |
| EXECUTIVE DIRECTOR SEARCH FEE | 49,950 | 0 | 49,950 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 19,549 | 379 | 19,170 | |
| FOREIGN TAXES | 0 | 21,052 | 0 | |
| FEDERAL EXCISE TAXES | 36,000 | 0 | 0 |