| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 14,564 | 8,738 | 5,825 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
WILLARD G PIERCE AND JESSIE M PIERCE FOUNDATION |
701 W CLOVERDALE RD HASTINGS,MI490588360 |
2022-02-16 | 10,000 | SUPPORT FOR SUMMER UNDERGRADUATE RESEARCH PROGRAM FOR ARTISTS AND WRITERS | 10,000 | 2/3/23 | 2023-02-03 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MFO PRIN FDS INC DIVERSIFIED RAL AST FDINSTL CL | 2,500,000 | 2,346,916 |
| MFO BAIRD FDS INC AGGREGATE BD FD INSTL CL SHS | 3,850,484 | 3,277,388 |
| MFO LOOMIS SAYLES INVT TR FXD INC FD | 5,421,553 | 4,719,912 |
| CF FIAM TACTICAL BOND LP | 3,336,803 | 3,193,504 |
| MFO NUVEEN INVT FDS INC REAL ASSET | 3,013,433 | 2,680,124 |
| PVTPL COMMONWEALTH BK AUSTRALIA FLTG 6-15-2026 | 200,000 | 196,121 |
| WESTPAC BKG CORP 2.35% DUE 2-19-2025 | 518,946 | 474,758 |
| CANADIAN IMPERIAL BK COMM TORONTO BRH .45% 6-22-2023 | 996,200 | 979,067 |
| BNP PARIBAS SR NON VAR RT 2.819% DUE 11-19-2025 | 492,289 | 450,183 |
| PVTPL BMW US CAP LLC 1.25% DUE 8-12-2026 | 124,729 | 109,428 |
| MITSUBISHI UFJ .953% DUE 7-19-2025 | 200,000 | 185,911 |
| NOMURA HLDGS INC 1.653% DUE 7-14-2026 | 200,000 | 174,252 |
| RABOBANK NEDERLAND NEW YORK BRANCH FLTG RT DUE 1-12-2024 | 700,886 | 696,616 |
| PVTPL ROCHE HLDGS INC NT 144A 3% DUE 11-10-2025 | 848,467 | 765,182 |
| UBS AG LONDON BRH NT 144A .7% 8-9-2024 | 199,918 | 186,446 |
| NATWEST MKTS PLC SR NT 144A 1.6% 9-29-2026 | 499,880 | 434,720 |
| UNILEVER CAP CORP .626% DUE 8-12-2024 | 100,000 | 93,861 |
| AIR LEASE CORP MED .8% DUE 8-18-2024 | 49,663 | 46,065 |
| AMGEN INC 2.25% DUE 8-19-2023 | 508,520 | 491,429 |
| BANK AMER CORP SR NT FXD/FLTG .523% 6-14-2024 | 500,012 | 488,165 |
| BLACK HILLS CORP 1.037% DUE 8-23-2024 | 110,000 | 102,631 |
| COMCAST CORP NEW FLTG RT .87129% DUE 4-15-2024 | 503,237 | 501,387 |
| CONAGRA BRANDS INC .5% DUE 8-11-2023 | 59,887 | 58,294 |
| CUMMINS INC .75% DUE 9-1-2025 | 399,208 | 360,982 |
| DELTA AIR LINES INC DEL 2.9% DUE 10-28-2024 | 40,360 | 37,895 |
| FIFTH THIRD BANCORP 2.375% DUE 1-8-2025 | 310,806 | 284,508 |
| GA GLOBAL FDG TR VAR RT .549377% DUE 9-13-2024 | 200,000 | 194,288 |
| GENERAL MLS INC NT FLTG DUE 10-17-2023 | 302,266 | 300,649 |
| GENERAL MOTORS FINL CO BNDS 3.5% 11-7-2024 | 73,331 | 67,439 |
| KEYBANK NATL ASSN VAR RT .423% DUE 1-3-2024 | 600,180 | 599,875 |
| KIMBERLY-CLARK 3.05% DUE 8-15-2025 | 745,796 | 673,284 |
| MASSMUTUAL GLOBAL VAR RT .40875% DUE 4-12-2024 | 200,210 | 198,833 |
| MORGAN STANLEY 4% DUE 7-23-2025 | 564,550 | 508,446 |
| ORACLE CORP 2.4% DUE 9-15-2023 | 508,551 | 489,827 |
| PROCTER & GAMBLE 2.7% DUE 2-2-2026 | 548,549 | 488,701 |
| PVTPL BRIGHTHOUSE FINL GLOBAL FDG MEDIUMTERM .77% DUE 4-12-2024 | 236,048 | 232,716 |
| PVTPL NESTLE HLDGS INC .606% 9-14-2024 | 200,000 | 186,541 |
| REP SERVICES INC FIXED 2.5% DUE 8-15-2024 | 258,263 | 239,676 |
| ROPER TECHNOLOGIES FIXED 2.35% DUE 9-15-2024 | 515,091 | 477,609 |
| SYNCHRONY FINL 4.25 DUE 8-15-2024 | 180,454 | 166,168 |
| TEXAS INSTRS INC 1.125% 9-15-2026 | 70,000 | 61,875 |
| VMWARE INC .6% 8-15-2023 | 79,916 | 77,907 |
| WAL-MART STORES 3.3 DUE 4-22-2024 | 394,816 | 372,386 |
| WALMART INC 1.05% DUE 9-17-2026 | 39,924 | 35,466 |
| WASTE MGMT INC DEL .75% DUE 11-15-2025 | 646,081 | 581,697 |
| WESTERN UN CO 2.85% DUE 1-10-2025 | 626,619 | 571,658 |
| 3M CO 2.65% DUE 4-15-2025 | 522,806 | 478,035 |
| PVTPL GOLDEN CR CARD TR 21-1A CL A 1.14% DUE 8-15-2028 | 199,921 | 176,456 |
| CAPITAL ONE MULTI-ASSET EXECUTION TR 2021-A1 .55% DUE 7-15-2026 | 849,966 | 795,510 |
| CITIGROUP INC 3.352% 04-24-2025 | 77,374 | 77,512 |
| JPMORGAN CHASE & CO 2.083% DUE 4-22-2026 | 64,219 | 64,948 |
| MORGAN STANLEY 0.731% DUE 4-05-2024 | 78,115 | 78,858 |
| WELLS FARGO & COMPANY 2.164% 2-11-2026 | 64,715 | 65,233 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GLOBANT SA USD1.20 | 100,711 | 125,616 |
| RITCHIE BROS AUCTIONEERS INC COM | 94,349 | 115,140 |
| ITURAN LOCATION & CONTROL ILS0.333 | 21,725 | 19,355 |
| ADVANCE AUTO PTS INC COM | 143,977 | 126,887 |
| AIR TRANS SVCS GROUP INC COM STK | 180,236 | 187,394 |
| ALARM COM HLDGS INC COM | 71,170 | 65,907 |
| AMEDISYS INC COM | 134,959 | 68,670 |
| AMN HEALTHCARE SVCS INC COM | 26,546 | 40,100 |
| ANSYS INC COM | 108,494 | 115,722 |
| ARGAN INC COM | 75,591 | 69,261 |
| ARMSTRONG WORLD INDS INC NEW COM STK | 98,847 | 88,961 |
| ASPEN TECHNOLOGY INC COM | 28,681 | 32,248 |
| ATKORE INTL GROUP INC COM | 64,619 | 123,628 |
| AXIS CAPITAL HOLDINGS LTD COM | 79,203 | 82,880 |
| BIO-TECHNE CORP COM | 95,478 | 119,347 |
| BJS WHSL CLUB HLDGS INC COM | 48,469 | 110,752 |
| BLACKLINE INC COM | 53,077 | 62,359 |
| CANNAE HLDGS INC COM | 135,662 | 110,478 |
| COGNEX CORP COM | 72,052 | 60,159 |
| COMFORT SYS USA INC COM | 22,521 | 67,092 |
| COMPUTER PROGRAMS & SYS INC COM | 38,255 | 35,549 |
| COSTAR GROUP INC COM | 99,457 | 141,036 |
| DXC TECHNOLOGY CO COM | 48,753 | 39,035 |
| EXPONENT INC COM STK | 59,321 | 72,534 |
| FASTENAL CO COM | 107,050 | 128,805 |
| FIVE BELOW INC COM USD0.01 | 105,941 | 158,652 |
| GODADDY INC CL A CL A | 64,141 | 76,391 |
| GRAND CANYON ED INC COM STK | 92,530 | 109,147 |
| GUIDEWIRE SOFTWARE INC COM USD0.0001 | 81,884 | 53,301 |
| HEICO CORP NEW COM | 93,598 | 147,033 |
| INGLES MKTS INC CL A | 40,576 | 75,046 |
| LIBERTY LATIN AMERICA LTD COM USD0.01 CLASS A | 34,424 | 14,804 |
| LIBERTY LATIN AMERICA LTD COM UDS0.01 CLASS C | 34,275 | 16,781 |
| LKQ CORP COM LKQ CORP | 126,301 | 187,469 |
| MURPHY USA INC COM | 27,429 | 76,035 |
| NATIONAL INSTRS CORP COM | 62,688 | 51,328 |
| NCR CORP COM | 115,380 | 76,574 |
| NEOGEN CORP COM | 57,961 | 28,480 |
| NEWMARK GROUP INC CL A CL A | 51,938 | 33,060 |
| ORTHOPEDIATRICS CORP COM | 41,747 | 35,638 |
| PAYCOM SOFTWARE INC COM | 66,310 | 97,748 |
| PAYLOCITY HLDG CORP COM | 88,252 | 110,340 |
| PEGASYSTEMS INC COM | 82,583 | 35,849 |
| PREMIER INC CL A CL A | 135,888 | 140,585 |
| ROLLINS INC COM | 70,025 | 96,167 |
| TYLER TECHNOLOGIES INC COM STK | 108,895 | 116,068 |
| UNIFIRST CORP MASS COM | 129,098 | 146,093 |
| VERISK ANALYTICS INC | 59,688 | 76,743 |
| VIAD CORP COM NEW | 41,847 | 29,878 |
| WATSCO INC COM | 46,548 | 52,374 |
| WEST PHARMACEUTICAL SVCS INC COM | 78,922 | 91,787 |
| WHITE MOUNTAINS INSURANCE CROUP COM STOCK | 113,164 | 181,035 |
| WORLD FUEL SERVICE COM STK USD0.01 | 37,323 | 35,338 |
| MFO BROWN ADVISORY FDS ADVISORY GROWTH EQTY FD INV SHS | 2,199,332 | 1,786,341 |
| ERSTE GROUP BANK AG NPV | 97,884 | 101,221 |
| BROOKFIELD ASSET LIMITED VTG SHARES CLASS A | 43,500 | 36,397 |
| CAMECO CORP COM NPV | 97,367 | 117,238 |
| MAGNA INTL INC COM NPV | 147,247 | 142,976 |
| AMUNDI EUR2.5 | 133,981 | 101,250 |
| DASSAULT SYSTEMES EUR0.50 | 212,072 | 172,196 |
| LVMH MOET HENNESSY LOUIS VUITTON SE EUR0.30 | 149,184 | 179,955 |
| MICHELIN (CGDE) EUR2 | 162,073 | 133,449 |
| SAFRAN SA EUR0.20 | 127,348 | 132,519 |
| SYMRISE AG NPV (BR) | 149,198 | 123,999 |
| AIA GROUP LTD NPV | 144,279 | 153,472 |
| KORNIT DIGITAL LTD COMMON STOCK | 62,075 | 24,394 |
| FANUC CORP NPV | 151,134 | 123,269 |
| KDDI CORP NPV | 149,291 | 147,878 |
| KUBOTA CORP NPV | 117,904 | 88,134 |
| NIDEC CORPORATION NPV | 125,591 | 78,785 |
| OTSUKA HOLDINGS CO LTD | 111,752 | 91,356 |
| SONY CORP NPV | 238,739 | 197,741 |
| AKZO NOBEL NV EUR0.50 (POST REV SPLIT) | 155,163 | 108,897 |
| HEINEKEN NV EUR1.6 | 146,807 | 146,125 |
| COCA-COLA EUROPEAN PARTNERS PLC ORD | 125,315 | 153,347 |
| CREDICORP LTD COM STK | 163,286 | 153,296 |
| DBS GROUP HLDGS NPV | 139,773 | 171,977 |
| ASSA ABLOY SER'V'NPV (POST SPLIT) | 121,145 | 103,311 |
| ALCON INC | 152,813 | 153,511 |
| NOVARTIS AG CHF0.50 (REGD) | 123,347 | 127,571 |
| UNILEVER PLC ORD | 132,722 | 125,706 |
| ASHTEAD GROUP ORD GBP0.10 | 173,179 | 197,186 |
| EXPERIAN ORD USD0.10 | 152,325 | 133,083 |
| RENTOKIL INITIAL ORD GVP0.01 | 166,444 | 142,258 |
| ACCENTURE PLC SHS CL A NEW | 266,468 | 249,495 |
| ACI WORLDWIDE INC COM STK | 105,725 | 76,360 |
| AMERICAN EQUITY INVT LIFE HLDG CO COM | 54,368 | 91,742 |
| AXALTA COATING SYSTEMS LTD COM | 48,068 | 52,494 |
| CNA FNCL CORP COM | 52,656 | 53,864 |
| EPLUS INC COM | 82,002 | 82,228 |
| IAC/INTERACTIVECORP NEW COM NPV | 44,143 | 19,980 |
| JACK HENRY & ASSOC INC COM | 48,921 | 47,401 |
| MOLSON COORS BEVERAGE COMPANY COM USD0.01 CLASS B | 74,435 | 81,453 |
| SP PLUS CORP COM | 48,383 | 63,225 |
| TRIMAS CORP COM NEW COM NEW | 27,328 | 28,905 |
| WORKIVA INC COM CL A COM CL A | 87,526 | 94,214 |
| CF GLOBAL EQUITY LONG-ONLY FUND, LP | 8,232,891 | 7,873,347 |
| MFO UBS FDS EMERGING MKTS EQUITY OPPTY FD CL P2 | 7,722,017 | 5,812,231 |
| CF LINDSELL TRAIN GLOBAL EQUITY LLC | 7,093,751 | 6,796,383 |
| CF SSGA 3-10 YEAR U.S. TREASURY INDEX NL CTF (CM2RNON) | 8,945,620 | 8,113,767 |
| CF SSGAMSCI EAFE 100 PERCENT HEDGED TO USD INDEX NL CTF (ZVDQ) | 4,045,824 | 4,779,535 |
| MFOFIDELITY 500 INDEX-INST PREM | 13,656,359 | 14,565,290 |
| MFC ISHARES INC MSCI SOUTH KOREA ETF | 148,099 | 122,223 |
| TOTALENERGIES SE | 118,820 | 166,814 |
| NEMETSCHEK SE ORD NPV | 192,439 | 116,911 |
| PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 169,820 | 174,756 |
| ALIGHT INC CL A | 79,337 | 66,964 |
| CERTARA INC COM | 67,429 | 36,768 |
| CHARLES RIV LABORATORIES INTL INC COM | 94,664 | 78,008 |
| CHESAPEAKE ENERGY CORP | 17,722 | 26,235 |
| CORECIVIC INC COM | 72,764 | 97,613 |
| DUN & BRADSTREET HLDGS INC COM | 105,858 | 70,005 |
| ENSIGN GROUP INC COM STK | 68,390 | 70,674 |
| FIVE9 INC COM | 66,881 | 33,523 |
| FS KKR CAP CORP COM NEW | 59,058 | 46,953 |
| GENWORTH FINL INC COM CL A | 60,618 | 89,988 |
| GRID DYNAMICS HOLDINGS INC COM | 63,830 | 32,112 |
| MCGRATH RENTCORP COM | 51,117 | 63,885 |
| PATTERSON COS INC COM | 49,237 | 44,736 |
| SM ENERGY CO COM | 51,013 | 50,329 |
| UNIVAR SOLUTIONS INC | 63,745 | 78,959 |
| VISTRA CORP COM | 73,753 | 82,778 |
| GSK PLC ORD GBP0.3125 | 141,672 | 120,566 |
| HALEON PLC ORD GBP0.01 | 160,422 | 166,293 |
| IAA SPINCO INC RITCHIE BRO AUCTIONEERS | 60,645 | 70,600 |
| OAK STR CASH MERGER | 64,559 | 27,361 |
| ALIGN TECHNOLOGY INC COM | 50,354 | 43,867 |
| ASBURY AUTOMOTIVE GROUP | 61,232 | 66,681 |
| BROOKFIELD CORP CLASS A LTD SHARES | 186,447 | 159,924 |
| KONINKLIJKE DSM NV EUR1.5 | 135,112 | 137,601 |
| MUENCHENER RUECKVE NPV | 159,521 | 203,102 |
| BAUSCH AND LOMB CORP | 36,412 | 36,743 |
| CABLE ONE INC COM | 23,332 | 23,491 |
| DEFINITIVE HEALTHCARE CORP CL A COM | 42,249 | 18,353 |
| ENTEGRIS INC COM | 55,948 | 36,534 |
| ESAB CORPORATION COM | 22,040 | 23,882 |
| EVERCORE INC | 13,846 | 16,580 |
| EVERTEC INC COM | 62,302 | 60,810 |
| FLOOR & DECOR HLDGS INC CL A | 40,207 | 30,289 |
| FRESHPET INC COM | 44,886 | 26,068 |
| HF SINCLAIR CORPORATION COM USD0.01 | 18,632 | 41,356 |
| ICU MED INC COM | 46,397 | 45,827 |
| LESLIES INC COM | 63,784 | 58,181 |
| MDU RES GROUP INC COM | 71,021 | 82,980 |
| MEDPACE HLDGS INC COM | 33,546 | 50,766 |
| NMI HLDGS INC CL A CL A | 40,661 | 41,925 |
| OVINTIVE INC COM USD0.01 | 19,961 | 23,935 |
| PEDIATRIX MEDICAL GROUP INC | 55,495 | 35,501 |
| PERMIAN RES CORP CL A | 61,521 | 77,494 |
| POLARIS INC | 73,976 | 67,367 |
| PROGYNY INC COM | 45,732 | 29,811 |
| RADIAN GROUP INC COM | 47,035 | 44,014 |
| SLEEP NUMBER CORP COM | 35,852 | 15,302 |
| SOUTHWEST GAS HLDGS INC COM | 49,777 | 45,606 |
| SPS COMM INC COM | 51,967 | 54,197 |
| SQUARESPACE INC CL A CL A | 45,521 | 35,472 |
| TD SYNNEX CORPORATION COM USD0.001 | 140,391 | 132,878 |
| VERRA MOBILITY CORP | 8,737 | 8,865 |
| VONTIER CORP COM USD0.0001 | 76,916 | 60,754 |
| WEX INC COM | 75,720 | 78,552 |
| YELP INC COM | 67,796 | 54,735 |
| ZOOMINFO TECHNOLOGIES INC COM USD0.01 | 42,955 | 36,945 |
| MFO FIDELITY SALEM STREET TRUST LRG CP IDX INS | 6,369,633 | 6,040,595 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 32,265 | 4,840 | 27,425 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUALS | -1,162 | -2,993,499 | -2,993,499 |
| K-1: MERRIWELL FUND L.P. | 1 | 0 | 0 |
| K-1: GA PRISM SPE, LLC | 1,914 | 0 | 0 |
| K-1: GA CERFTIFIED SPE LLC | 15,150 | 0 | 0 |
| K-1: GRAND ANGELS CO-INVESTMENT | 15,000 | 15,000 | 15,000 |
| K-1: GA CHANGE DYNAMIX SPE, LLC | 15,150 | 15,150 | 15,150 |
| K-1: ABLATIVE SOLUTIONS INC | 20,000 | 20,000 | 20,956 |
| K-1: MICHIGAN CAPITAL NETWORK VENTURE FD IV | 0 | 125,000 | 125,000 |
| K-1: NEW COMMUNITY TRANSFORMATION FUND | 125,000 | 125,000 | 125,000 |
| K-1: GRAND ANGELS VENTURES | 235,258 | 183,917 | 80,903 |
| K-1: PLYMOUTH GROWTH PARTNERS C (QP) LP | 0 | 250,000 | 269,598 |
| K-1: PLYMOUTH VENTURE PARTNERS | 512,676 | 384,659 | 593,418 |
| K-1: GRAND ANGELS VENTURE FUND III LLC | 375,000 | 410,000 | 387,113 |
| K-1: PERENNIAL REAL ESTATE FUN | 496,412 | 482,412 | 49,794 |
| K-1: GPEO III FTE, LTD | 942,701 | 942,701 | 16,950 |
| PORTFOLIO ADVISORS SECONDARY FUND | 1,250,739 | 1,209,432 | 181,893 |
| K-1: BDT CAPITAL PARTNERS I-A | 2,260,404 | 1,523,044 | 4,059,638 |
| K-1: HOPEN LIFE SCIENCE FUND | 1,920,000 | 1,927,000 | 820,960 |
| K-1: CF POLUNIN EMERGING MARKETS SMALL CAP FUND | 1,256,738 | 2,713,116 | 2,932,859 |
| K-1: BDT CAPITAL PARTNERS II | 5,407,272 | 4,782,926 | 7,110,133 |
| K-1: HARDMAN JOHNSTON INTERNATIONAL EQUITY FUND II, LP | 2,750,000 | 5,350,000 | 5,311,271 |
| K-1: GQG PARTNERS GLOBAL EQUITY FUND | 0 | 6,000,000 | 6,000,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SOFTWARE AND TECHNOLOGY | 15,469 | 0 | 15,469 | |
| INSURANCE | 10,381 | 0 | 10,381 | |
| SECTION 988 TRANSACTION LOSS | 17,449 | 17,449 | 0 | |
| BANK FEES | 12,920 | 0 | 12,920 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FROM K-1: HOPEN LIFE SCIENCE FUND II | 0 | -10,147 | 0 |
| FROM K-1: GA VENTURE FUND II, LLC | 0 | -3,585 | 0 |
| FROM K-1: GA CERTIFIED SPE, LLC | 42,298 | 0 | 42,298 |
| FROM K-1: PLYMOUTH GROWTH PARTNERS V (QP) LP | 0 | -34,473 | 0 |
| FROM K-1: PLYMOUTH VENTURE PARTNERS III, LP | 126 | 105,247 | 126 |
| FROM K-1: BDT CAPITAL PARTNERS FUND I-A | 40,915 | -106,410 | 40,915 |
| FROM K-1: BDT CAPITAL PARTNERS FUND II | 0 | -177,436 | 0 |
| FROM K-1: PERENNIAL REAL ESTATE FUND, LP | 0 | -12,631 | 0 |
| FROM K-1: GA VENTURE FUND III, LLC | 0 | -16,267 | 0 |
| FROM K-1: HARDMAN JOHNSTON INTERNATIONAL EQUITY FUND II LP | 0 | -30,314 | 0 |
| FROM K-1: FIAM TACTICAL BOND FUND, LP | 0 | 9,430 | 0 |
| FROM K-1: POLUNIN EMERGING MARKETS SMALL CAP FUND, LLC | 0 | -234,984 | 0 |
| FROM K-1: NEW COMMUNITY TRANSFORMATION FUND | 0 | -16,491 | 0 |
| FROM K-1: STATE STREET 3-10 YEAR US TREASURY INDEX | 0 | -1,368 | 0 |
| FROM K-1: STATE STREET MSCI 100% HEDGED TO USD INDEX | 0 | 590,078 | 0 |
| FROM K-1: STATE STREET US TREASURY INFLATION PROTECTED SECURITIES | 0 | -586 | 0 |
| FROM K-1: MICHIGAN CAPITAL NETWORK VENTURE FUND I | 0 | -9,372 | 0 |
| FROM K-1: GQG PARTNERS GLOBAL EQUITY FUND | 0 | -402 | 0 |
| OTHER INCOME - MADOFF VICTIM | 94,134 | 94,134 | 94,134 |
| OTHER INCOME - NORTHERN TRUST | 1,816 | 1,816 | 1,816 |
| Description | Amount |
|---|---|
| BOOK TO TAX ADJUSTMENT | 1,365,141 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 774,909 | 774,909 | 0 | |
| CONSULTING FEES | 52,500 | 27,500 | 25,000 | |
| PROGRAM MANAGEMENT FEES | 251,000 | 0 | 251,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 52,870 | 52,870 | 0 | |
| FROM K-1'S: FOREIGN TAXES PAID | 0 | 53,192 | 0 |