| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 1,150 | 575 | 575 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AKRE FOCUS FD RETAIL | AT COST | 718 | 3,406 |
| SCHWAB INTERNATIONAL | AT COST | 11,522 | 15,096 |
| SCHWAB US LARGE CAP ETF | AT COST | 13,669 | 20,932 |
| SCHWAB US MC ETF | AT COST | 6,321 | 8,479 |
| VANGUARD SHORT TERM TREASURY | AT COST | 4,832 | 4,654 |
| JP MORGAN CORE PLUS BOND | AT COST | 12,168 | 12,116 |
| SPDR PORTFOLIO S&P 600 | AT COST | 9,720 | 12,039 |
| ISHARES MBS ETF | AT COST | 4,214 | 4,126 |
| ISHARES 0-5 YEAR INV GRD | AT COST | 12,550 | 12,485 |
| SPDR PORT INTERM TRM | AT COST | 7,671 | 7,555 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MICHIGAN ANNUAL REPORT | 25 | 12 | 13 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ASSET MANAGEMENT FEES | 611 | 305 | 306 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 38 | 19 | 19 |