| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATION | 155,940 | 31,188 | 31,188 | 135,902 |
| AUDIT | 57,112 | 11,422 | 11,422 | 37,778 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HS MANAGEMENT | 3,116,858 | 3,116,858 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VESSEY STREET FUND III,L.P./BLKRK | FMV | 8,586 | 8,586 |
| NEA 12 | FMV | 25,812 | 25,812 |
| THE COLCHESTER GLOBAL BOND FUND | FMV | 3,324,018 | 3,324,018 |
| WARBURG PINCUS X | FMV | 20,665 | 20,665 |
| FARALLON INVESTMENTS | FMV | 8,611 | 8,611 |
| SILCHESTER TOBACCO FREE INT'L TRUST | FMV | 5,696,702 | 5,696,702 |
| WARBURG PINCUS IX | FMV | 1,280 | 1,280 |
| ABERDEEN/HIGHVISTA | FMV | 361,216 | 361,216 |
| WESTWOOD CAPITAL | FMV | 3,828,815 | 3,828,815 |
| RCP FUND | FMV | 4,145 | 4,145 |
| ABRAMS | FMV | 1,072,631 | 1,072,631 |
| CANYON VALUE | FMV | 1,493,734 | 1,493,734 |
| NEA 14 | FMV | 2,422,839 | 2,422,839 |
| WP XI PARTNERS | FMV | 460,424 | 460,424 |
| DEERFIELD | FMV | 606,773 | 606,773 |
| HIGHBROOK | FMV | 2,494,156 | 2,494,156 |
| TIGER GLOBAL VIII | FMV | 98,660 | 98,660 |
| TIGER GLOBAL IX | FMV | 527,397 | 527,397 |
| WP ENERGY | FMV | 380,114 | 380,114 |
| CEVIAN CAPITAL | FMV | 3,718,399 | 3,718,399 |
| FOUR RIVERS III | FMV | 477,540 | 477,540 |
| NEA 15 | FMV | 694,188 | 694,188 |
| WP XII PARTNERS | FMV | 1,095,576 | 1,095,576 |
| BERKSHIRE | FMV | 1,172,012 | 1,172,012 |
| FOUR RIVERS IV | FMV | 2,860,212 | 2,860,212 |
| NEA 16 | FMV | 772,397 | 772,397 |
| BAIN CAPITAL 19 | FMV | 1,443,905 | 1,443,905 |
| VENROCK | FMV | 1,518,036 | 1,518,036 |
| GOBI | FMV | 4,866,346 | 4,866,346 |
| FOUR RIVERS VENTURE LP | FMV | 511,162 | 511,162 |
| HELLMAN & FRIEDMAN IX | FMV | 2,268,625 | 2,268,625 |
| NEA 17 | FMV | 666,526 | 666,526 |
| NITORUM | FMV | 3,525,743 | 3,525,743 |
| WP GLOBAL GROWTH | FMV | 1,831,903 | 1,831,903 |
| CORRE OPPORTUNITIES | FMV | 2,722,619 | 2,722,619 |
| CDR FUND IX | FMV | 1,144,122 | 1,144,122 |
| CDR FUND X | FMV | 1,786,930 | 1,786,930 |
| CDR FUND XI | FMV | 926,848 | 926,848 |
| CONSONANCE | FMV | 798,237 | 798,237 |
| FOSSE CAPITAL | FMV | 2,657,751 | 2,657,751 |
| AFR | FMV | 1,990,815 | 1,990,815 |
| BAIN CAPITAL 2021 | FMV | 924,340 | 924,340 |
| FPR PARTNERS | FMV | 1,782,192 | 1,782,192 |
| GENERAL ATLANTIC | FMV | 1,860,235 | 1,860,235 |
| HELLMAN & FRIEDMAN X | FMV | 1,289,342 | 1,289,342 |
| INSIGHT | FMV | 874,609 | 874,609 |
| ONE EQUITY PARTNERS | FMV | 2,159,447 | 2,159,447 |
| BAIN CAPITAL 2022 | FMV | 464,278 | 464,278 |
| CDR VALUE BUILDING PARTNERS | FMV | 719,260 | 719,260 |
| FORAGER FUND | FMV | 2,279,596 | 2,279,596 |
| FOUR RIVERS V | FMV | 545,896 | 545,896 |
| WP GG14 | FMV | 655,038 | 655,038 |
| LUX VENTURES VIII | FMV | 477,676 | 477,676 |
| P2 NEXXT OFFSHORE FUND LP | FMV | 1,017,703 | 1,017,703 |
| VANGUARD | FMV | 1,407,699 | 1,407,699 |
| FOUR RIVERS II | FMV | 73,725 | 73,725 |
| BROWN CAPITAL MGMT | FMV | 921,629 | 921,629 |
| JACKSON SQUARE | FMV | 866,018 | 866,018 |
| CDR XII | FMV | 528,193 | 528,193 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 147,892 | 133,688 | 14,204 | 14,204 |
| Improvements | 12,304 | 11,290 | 1,014 | 1,014 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 3,342 | 0 | 0 | 2,337 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ROU - LEASE ASSETS | 493,752 | 235,898 | 235,898 |
| SECURITY DEPOSITS | 61,877 | 61,877 | 61,877 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES AND PROCESSING FEES | 1,022 | 1,022 | ||
| COPYRIGHT & PERMISSIONS | 1,085 | 1,085 | ||
| DUES & SUBSCRIPTIONS | 110,796 | 110,616 | ||
| EQUIPMENT RENTAL AND MAINT. | 27,375 | 24,423 | ||
| FILING FEES | 1,729 | |||
| GIFTS | 14,639 | 14,639 | ||
| INSURANCE | 21,745 | 22,442 | ||
| INVESTMENT EXPENSE | 262,171 | 278,030 | 278,030 | |
| MEDICAL RESEARCH | 658,276 | 658,276 | ||
| MISCELLANEOUS | 1,181 | 1,097 | ||
| OFFICE SUPPLIES & OTHER EXP | 3,627 | 3,293 | ||
| PAYROLL PROCESSING FEES | 24,629 | 3,395 | 3,395 | 21,234 |
| POSTAGE & DELIVERY | 13,652 | 10,899 | ||
| PROGRAM EXPENSE | 38,777 | 38,777 | ||
| STORAGE | 9,535 | 9,535 | ||
| TELEPHONE | 11,994 | 120 | 120 | 11,823 |
| WEBSITE | 10,802 | 12,002 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other Investment Income | 438,195 | 254,272 | 417,022 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED EXCISE TAX | 300,000 | 280,482 |
| ROU LEASE LIABILITY | 531,800 | 254,094 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANTS - INVESTMENTS | 215,788 | 215,788 | 215,788 | 0 |
| CONSULTANTS - OTHER | 137,190 | 0 | 0 | 142,409 |
| CONSULTANTS - RETIREMENT | 1,450 | 0 | 0 | 1,450 |
| INVESTMENT ADVISORY FEES | 530,714 | 530,714 | 530,714 | 0 |
| PUBLIC RELATIONS | 128,659 | 0 | 0 | 128,659 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 71,838 | |||
| FOREIGN TAXES | 76,841 | 76,841 | 76,841 | |
| PAYROLL TAXES | 76,549 | 10,673 | 10,673 | 65,876 |
| UBIT TAX | 42,719 | 42,719 | 42,719 |