| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Alphabet, Inc. | 106,676 | 341,649 |
| Amazon | 114,420 | 449,311 |
| Ansys, Inc. | 37,291 | 251,986 |
| Bio-Techne Corp. | 107,351 | 206,654 |
| CBRE Group, Inc. | 38,666 | 187,613 |
| CoStar Group | 37,354 | 136,665 |
| Danaher Corp. | 103,702 | 244,471 |
| Ecolab | 70,593 | 157,229 |
| Emerson Electric | 84,612 | 185,895 |
| Fastenal Co. | 27,349 | 93,555 |
| Intuitive Surgical | 12,096 | 151,890 |
| Johnson Johnson | 71,678 | 151,706 |
| Mastercard | 65,666 | 379,130 |
| Moodys | 67,963 | 222,957 |
| Procter Gamble | 51,480 | 134,120 |
| S P Global | 57,757 | 284,375 |
| Thermo Fisher Scientific | 84,585 | 201,329 |
| Veeva Systems | 185,129 | 213,614 |
| Visa, Inc. | 89,682 | 391,258 |
| Vulcan Materials Co. | 95,662 | 226,620 |
| Waste Connections | 75,770 | 195,258 |
| Atlassian Corp. | 48,310 | 82,019 |
| Guidewire Software | 68,352 | 187,124 |
| BP Plc | 149,925 | 162,580 |
| J P Morgan Chase Co. | 214,629 | 335,594 |
| M T Bank Corp. | 214,048 | 282,015 |
| Floor Decor Holdings, Inc. | 96,718 | 129,610 |
| Manhattan Associates, Inc. | 100,437 | 229,704 |
| Microsoft Corp. | 188,252 | 306,009 |
| Novanta, Inc. | 97,410 | 100,828 |
| Old Dominion Freight Line | 195,203 | 218,560 |
| Repligen Corp. | 94,210 | 80,606 |
| Siteone Landscape Supply, Inc. | 64,883 | 74,187 |
| West Pharmaceutical Services, Inc. | 187,617 | 209,966 |
| Abbvie, Inc. | 162,801 | 213,240 |
| International Business Machines | 213,450 | 329,745 |
| Union Pacific Corp. | 164,718 | 159,628 |
| Intuit, Inc. | 136,593 | 169,067 |
| Kinsale Capital Group, Inc. | 92,782 | 128,841 |
| Monolithic Power Systems, Inc. | 117,502 | 153,842 |
| Sherwin Williams Co. | 158,731 | 217,895 |
| Veralto Corp. | 135,792 | 193,209 |
| Zoetis, Inc. | 165,184 | 161,627 |
| HEICO Corporation | 98,374 | 258,093 |
| Amgen, Inc. | 121,789 | 104,256 |
| Chevron Corporation | 155,580 | 144,840 |
| Verizon Communications, Inc. | 154,080 | 159,960 |
| Asml Holdings Nv | 171,276 | 158,715 |
| Cadence Design Sys, Inc. | 128,025 | 151,732 |
| Copart, Inc. | 94,292 | 104,966 |
| Schlumberger Ltd | 164,700 | 153,360 |
| Servicenow, Inc. | 72,962 | 110,252 |
| Tyler Technologies, Inc. | 64,759 | 78,423 |
| Uber Technologies, Inc. | 143,030 | 130,894 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal Fees | 137 | 137 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|
| Description | Amount |
|---|---|
| Increase in Grants Payable | 115,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Management Fees | 72,000 | 72,000 | ||
| Miscellaneous | 88 | 88 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dent Fees | 82,214 | 82,214 | ||
| U.S. Trust Fees | 2,310 | 2,310 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Tax | 10,700 | |||
| Foreign Taxes | 488 | 488 |