| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,850 | 2,425 | 2,425 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALPHABET INC | 10,001,588 | 28,566,000 |
| AMAZON INC | 5,067,549 | 12,066,450 |
| AT & T INC | 17,883,688 | 17,646,750 |
| BANK OF AMERICA CORP | 1,157,800 | 1,538,250 |
| BLACKSTONE GROUP INC | 15,383,856 | 56,898,600 |
| CISCO SYSTEMS INC | 78,732 | 118,400 |
| EXXON MOBIL CORP | 3,663,000 | 4,302,800 |
| JP MORGAN CHASE & CO. | 17,984,599 | 28,958,406 |
| MERCK & COMPANY INC | 577,180 | 994,800 |
| MORGAN STANLEY | 955,954 | 2,514,400 |
| VERIZON COMMUNICATION | 1,413,401 | 1,199,700 |
| WELLS FARGO | 8,651,489 | 19,316,000 |
| TRUIST FINL CORP | 5,546,019 | 4,338,000 |
| APPLE | 2,509,800 | 2,504,200 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OUTFRONT MEDIA INC | AT COST | 1,672,617 | 1,809,782 |
| ORION OFFICE REIT | AT COST | 137,667 | 26,156 |
| REALTY INCM CORP | AT COST | 3,442,172 | 3,765,405 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLE | 43,992 | 43,992 | 43,992 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCES RELATED TO EXPENSES | 147,450 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 280,000 | 0 | 0 |