| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUTING FEES | 30,150 | 15,075 | 15,075 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FEDERATED HERMES INSTL HIGH YLD BD IS (FIHBX) | 1,967,105 | 1,967,105 |
| VANGUARD CORE BOND FUND ADMIRAL (VCOBX) | 7,492,915 | 7,492,915 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AEP II | FMV | 312,686 | 312,686 |
| CONTRARIAN OPPORTUNITY FUND III, LP | FMV | 685,956 | 685,956 |
| E14 FUND 3 LP | FMV | 162,637 | 162,637 |
| EE II OFFSHORE/ MORGAN | FMV | 4,914 | 4,914 |
| GEF US CLIMATE SOLUTIONS FUND II LP | FMV | 479,005 | 479,005 |
| GS PRIVATE MIDDLE MARKET CREDIT FUND | FMV | 713,091 | 713,091 |
| HARPOON FUND IV | FMV | 118,931 | 118,931 |
| LINK VENTURES 3, LP | FMV | 225,301 | 225,301 |
| POST CLO EQUITY FUND | FMV | 989,688 | 989,688 |
| SANDS CAPITAL LSPF II | FMV | 285,753 | 285,753 |
| SANDS CAPITAL LSPF III | FMV | 289,154 | 289,154 |
| SECTION 32 FUND 4 | FMV | 536,320 | 536,320 |
| SECTION 32 FUND 5, LP | FMV | 144,758 | 144,758 |
| VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF (VTI) | FMV | 16,460,339 | 16,460,339 |
| VANGUARD SMALL-CAP INDEX FUND (VB) | FMV | 2,075,298 | 2,075,298 |
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND (VXUS) | FMV | 2,946,500 | 2,946,500 |
| VANGUARD S&P 500 GROWTH ETF (VOOG) | FMV | 1,830,300 | 1,830,300 |
| VANGUARD EXTENDED MARKETS INDEX FUND (VXF) | FMV | 1,899,800 | 1,899,800 |
| VANGUARD INDEX FDS VANGUARD VALUE (VTV) | FMV | 2,878,100 | 2,878,100 |
| ARENA SHORT DURATION HIGH YIELD FUND LP SERIES A | FMV | 1,049,334 | 1,049,334 |
| SANDS LIFE SCIENCES PULSE FUND 3 | FMV | 18,256 | 18,256 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ORGANIZATION COSTS | 3,799 | 3,799 | 3,799 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE | 4,368 | 0 | 4,368 | |
| INSURANCE | 1,625 | 813 | 812 | |
| DIRECT PROGRAM EXPENSE | 4,125 | 0 | 4,125 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LITIGATION INCOME | 697 | 697 | 697 |
| NET NON-UBI FROM PARTNERSHIP INVESTMENTS | 43,623 | 39,200 | 43,623 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS | 2,522,104 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 209,200 | 209,200 | 0 | |
| CONSULTANT MANAGEMENT FEES | 87,580 | 43,790 | 43,790 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 18,192 | 18,192 | 0 | |
| FEDERAL NET INVESTMENT INCOME TAX | 15,828 | 0 | 0 |