| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT AND TAX PREPARATION | 43,940 | 0 | 41,940 | |
| ACCOUNTING FEES | 430,647 | 0 | 430,647 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HOME DEPOT, INC. (THE) 2.7% 04/15/2025 SR LIEN | 56,957 | 56,957 |
| SYNCHRONY FINANCIAL 4.5% 07/23/2025 SR LIEN | 29,967 | 29,967 |
| DUKE ENERGY CORP 0.9% 09/15/2025 SR LIEN | 59,003 | 59,003 |
| HEWLETT PACKARD ENTERPRISE COM STEP 10/15/2025 SER WI SR LIEN | 20,015 | 20,015 |
| DOWDUPONT INC. 4.493% 11/15/2025 USD SR LIEN | 47,879 | 47,879 |
| THE BANK OF NOVA SCOTIA 4.5% 12/16/2025 USD SUB LIEN | 45,921 | 45,921 |
| AIR LEASE CORP MTN 2.875% 01/15/2026 USD SR LIEN | 18,726 | 18,726 |
| FEDERAL REALTY INVESTMENT 1.25% 02/15/2026 USD SR LIEN | 14,544 | 14,544 |
| CITIGROUP INC. 4.6% 03/09/2026 USD SUB LIEN | 13,987 | 13,987 |
| SUMITOMO MITSUI FINANCIAL GROU 3.784% 03/09/2026 USD SR LIEN | 44,718 | 44,718 |
| PRUDENTIAL FINANCIAL INC MTN 1.5% 03/10/2026 USD SR LIEN | 18,499 | 18,499 |
| TOTAL SYSTEM SERVICES IN 4.8% 04/01/2026 USD SR LIEN | 16,003 | 16,003 |
| WELLS FARGO & COMPANY HYBRID MTN 04/25/2026 USD SR LIEN CPN 04/25/22 3.908% | 18,988 | 18,988 |
| BP CAP MARKETS AMERICA 3.119% 05/04/2026 USD SER * SR LIEN | 39,446 | 39,446 |
| STARBUCKS CORP 2.45% 06/15/2026 USD SR LIEN | 24,423 | 24,423 |
| CAPITAL ONE FINANCIAL CORPORAT 3.75% 07/28/2026 USD SUB LIEN | 43,373 | 43,373 |
| MCKESSON CORPORATION 1.3% 08/15/2026 USD SR LIEN | 51,848 | 51,848 |
| 3M COMPANY MTN 2.25% 09/19/2026 USD SR LIEN | 23,258 | 23,258 |
| DELL INT LLC / EMC CORP 4.9% 10/01/2026 USD SR LIEN | 36,130 | 36,130 |
| U.S. BANCORP HYBRID 10/21/2026 USD SR LIEN CPN 10/21/22 5.727% | 19,109 | 19,109 |
| STATE STREET CORPORATION HYBRID 11/04/2026 USD SR LIEN CPN 11/04/22 5.751% | 23,153 | 23,153 |
| TORONTO-DOMINION BANK 5.264% 12/11/2026 USD SR LIEN | 26,343 | 26,343 |
| CBOE HOLDINGS INC 3.65% 01/12/2027 USD SR LIEN | 39,556 | 39,556 |
| GENERAL MOTORS FINANCIAL COMPA 4.35% 01/17/2027 USD SR LIEN | 12,877 | 12,877 |
| MITSUBISHI UFJ FINANCIAL GROUP 3.677% 02/22/2027 USD SR LIEN | 25,669 | 25,669 |
| ORACLE CORPORATION 2.8% 04/01/2027 USD SR LIEN | 32,918 | 32,918 |
| NXP B.V. 4.4% 06/01/2027 USD SR LIEN NXP FUNDING LLC / NXP USA INC | 23,927 | 23,927 |
| SIMON PROPERTY GROUP LP 3.375% 06/15/2027 USD SR LIEN | 48,925 | 48,925 |
| ROYALTY PHARMA PLC 1.75% 09/02/2027 USD SER WI SR LIEN | 14,929 | 14,929 |
| AIR LEASE CORPORATION 5.85% 12/15/2027 USD SR LIEN | 24,701 | 24,701 |
| CITIGROUP INC. HYBRID 01/10/2028 USD SR LIEN CPN 01/10/17 3.887% | 24,683 | 24,683 |
| REALTY INCOME CORP 3.4% 01/15/2028 USD SR LIEN | 14,551 | 14,551 |
| INTEL CORPORATION 4.875% 02/10/2028 USD SR LIEN | 26,122 | 26,122 |
| NEXTERA ENERGY CAPITAL HOLDING 4.9% 02/28/2028 USD SR LIEN | 48,418 | 48,418 |
| HUMANA INC. 5.75% 03/01/2028 USD SR LIEN | 22,600 | 22,600 |
| TRANSCANADA PIPELINES LIMITED 4.25% 05/15/2028 USD SER 10YR SR LIEN | 22,694 | 22,694 |
| SALESFORCE.COM, INC. 1.5% 07/15/2028 USD SR LIEN | 51,239 | 51,239 |
| HUNTINGTON BANCSHARES INCORPOR HYBRID 08/04/2028 USD SR LIEN CPN 08/04/22 4. | 35,746 | 35,746 |
| CANADIAN IMPERIAL BANK OF COMM 5.986% 10/03/2028 USD SR LIEN | 14,597 | 14,597 |
| THERMO FISHER SCIENTIFIC 1.75% 10/15/2028 USD SR LIEN | 14,645 | 14,645 |
| HONEYWELL INTERNATIONAL INC 4.25% 01/15/2029 USD SR LIEN | 48,701 | 48,701 |
| TRUIST FINANCIAL CORPORATION HYBRID MTN 01/26/2029 USD SR LIEN CPN 01/26/23 | 22,113 | 22,113 |
| THERMO FISHER SCIENTIFIC 5.0% 01/31/2029 USD SR LIEN | 28,599 | 28,599 |
| BANK OF NY MELLON CORP HYBRID 02/01/2029 USD SR LIEN CPN 01/31/23 4.543% | 55,064 | 55,064 |
| AIR PRODUCTS & CHEMICALS 4.6% 02/08/2029 USD SR LIEN | 36,264 | 36,264 |
| CUMMINS INC. 4.9% 02/20/2029 USD SR LIEN | 44,770 | 44,770 |
| AON NORTH AMERICA, INC. 5.15% 03/01/2029 USD SR LIEN | 16,270 | 16,270 |
| S&P GLOBAL INC 2.7% 03/01/2029 USD SER WI SR LIEN | 37,466 | 37,466 |
| ENBRIDGE INC 5.3% 04/05/2029 USD SR LIEN | 23,416 | 23,416 |
| MORGAN STANLEY HYBRID MTN 04/20/2029 USD SR LIEN CPN 04/21/23 5.164% | 16,207 | 16,207 |
| PNC FINANCIAL SERVICES HYBRID 06/12/2029 USD SR LIEN CPN 06/12/23 5.582% | 14,383 | 14,383 |
| MORGAN STANLEY HYBRID MTN 01/23/2030 USD SR LIEN CPN 01/23/19 4.431% | 33,539 | 33,539 |
| BANK OF AMERICA CORPORATION HYBRID MTN 02/07/2030 USD SER N SR LIEN CPN 02/0 | 48,605 | 48,605 |
| DEERE & COMPANY 3.1% 04/15/2030 USD SR LIEN | 44,057 | 44,057 |
| JPMORGAN CHASE & CO. HYBRID 05/06/2030 USD SR LIEN CPN 05/06/19 3.702% | 36,518 | 36,518 |
| BROADCOM INC 4.3% 11/15/2032 USD SER WI SR LIEN | 19,051 | 19,051 |
| AT&T INC. 2.55% 12/01/2033 USD SR LIEN | 25,369 | 25,369 |
| ALLY FINANCIAL INC 5.8% 05/01/2025 SR LIEN | 93,063 | 93,063 |
| AVALONBAY COMMUNITIES, INC. MTN 3.45% 06/01/2025 SR LIEN | 204,559 | 204,559 |
| SYNCHRONY FINANCIAL 4.5% 07/23/2025 SR LIEN | 129,856 | 129,856 |
| VISA INC. 3.15% 12/14/2025 USD SR LIEN | 32,744 | 32,744 |
| CROWN CASTLE INTERNATIONAL COR 4.45% 02/15/2026 USD SR LIEN | 99,697 | 99,697 |
| GENERAL MOTORS FINANCIAL COMPA 5.25% 03/01/2026 USD SR LIEN | 50,095 | 50,095 |
| EMERA US FINANCE LP 3.55% 06/15/2026 USD SER WI SR LIEN | 117,195 | 117,195 |
| AIR LEASE CORP 1.875% 08/15/2026 USD SR LIEN | 113,595 | 113,595 |
| CBOE HOLDINGS INC 3.65% 01/12/2027 USD SR LIEN | 89,002 | 89,002 |
| JOHN DEERE CAPITAL CORPORATION MTN 2.35% 03/08/2027 USD SR LIEN | 66,593 | 66,593 |
| WELLS FARGO & COMPANY HYBRID MTN 06/17/2027 USD SR LIEN CPN 06/17/19 3.196% | 141,643 | 141,643 |
| BANCO SANTANDER, S.A. HYBRID 09/14/2027 USD SR LIEN CPN 09/14/21 1.722% | 191,426 | 191,426 |
| SANTANDER UK GROUP HOLDINGS PL HYBRID 01/11/2028 USD SR LIEN CPN 01/11/22 2. | 198,877 | 198,877 |
| JOHN DEERE CAPITAL CORPORATION MTN 4.75% 01/20/2028 USD SR LIEN | 231,112 | 231,112 |
| ING GROEP N.V. HYBRID 03/28/2028 USD SR LIEN CPN 03/28/22 4.017% | 280,856 | 280,856 |
| SALESFORCE.COM INC 3.7% 04/11/2028 USD SR LIEN | 246,138 | 246,138 |
| PUBLIC STORAGE 1.85% 05/01/2028 USD SR LIEN | 111,224 | 111,224 |
| REPUBLIC SERVICES, INC. 3.95% 05/15/2028 USD SR LIEN | 98,561 | 98,561 |
| UNITEDHEALTH GROUP INCORPORATE 3.85% 06/15/2028 USD SR LIEN | 172,468 | 172,468 |
| DIGITAL REALTY TRUST, INC. 4.45% 07/15/2028 USD SR LIEN | 105,218 | 105,218 |
| SUMITOMO MITSUI FINL GRP 2.472% 01/14/2029 USD SR LIEN | 234,063 | 234,063 |
| PIEDMONT NATURAL GAS CO 3.5% 06/01/2029 USD SR LIEN | 119,624 | 119,624 |
| HOME DEPOT, INC (THE) 2.95% 06/15/2029 USD SR LIEN | 235,515 | 235,515 |
| PACIFICORP 3.5% 06/15/2029 USD SR LIEN | 167,148 | 167,148 |
| LABORATORY CORPORATION OF AMER 2.95% 12/01/2029 USD SR LIEN | 115,726 | 115,726 |
| SYSCO CORPORATION 2.4% 02/15/2030 USD SR LIEN | 97,904 | 97,904 |
| TARGET CORPORATION 2.35% 02/15/2030 USD SR LIEN | 227,178 | 227,178 |
| CHARLES SCHWAB CORPORATION (TH) 4.625% 03/22/2030 USD SR LIEN | 55,274 | 55,274 |
| BIOGEN INC. 2.25% 05/01/2030 USD SR LIEN | 229,060 | 229,060 |
| JPMORGAN CHASE & CO. HYBRID 05/06/2030 USD SR LIEN CPN 05/06/19 3.702% | 253,701 | 253,701 |
| MIZUHO FINANCIAL GROUP, INC. HYBRID 05/22/2030 USD SR LIEN CPN 02/22/22 3.26 | 233,281 | 233,281 |
| AUTONATION INC 4.75% 06/01/2030 USD SR LIEN | 77,461 | 77,461 |
| NETAPP, INC. 2.7% 06/22/2030 USD SR LIEN | 192,072 | 192,072 |
| MPLX LP 2.65% 08/15/2030 USD SR LIEN | 136,971 | 136,971 |
| BANK OF AMERICA CORPORATION HYBRID MTN 10/22/2030 USD SR LIEN CPN 10/22/19 2 | 243,964 | 243,964 |
| CITIGROUP INC. HYBRID 11/05/2030 USD SR LIEN CPN 11/05/19 2.976% | 225,346 | 225,346 |
| BANK OF AMERICA CORPORATION HYBRID MTN 02/13/2031 USD SR LIEN CPN 02/13/20 2 | 103,144 | 103,144 |
| ROPER TECHNOLOGIES INC 1.75% 02/15/2031 USD SR LIEN | 95,663 | 95,663 |
| AGILENT TECHNOLOGIES INC 2.3% 03/12/2031 USD SR LIEN | 176,135 | 176,135 |
| NXP B.V. 2.5% 05/11/2031 USD SER WI SR LIEN | 152,191 | 152,191 |
| BUNGE LIMITED FINANCE CORP. 2.75% 05/14/2031 USD SR LIEN | 159,282 | 159,282 |
| AMPHENOL CORP 2.2% 09/15/2031 USD SR LIEN | 207,358 | 207,358 |
| TORONTO-DOMINION BANK (THE) HYBRID 09/15/2031 USD SUB LIEN CPN 09/15/16 3.62 | 239,980 | 239,980 |
| WESTPAC BANKING CORPORATION HYBRID MTN 11/23/2031 USD SUB LIEN CPN 11/23/16 | 19,825 | 19,825 |
| AMGEN INC. 3.35% 02/22/2032 USD SR LIEN | 201,192 | 201,192 |
| HSBC HOLDINGS PLC HYBRID 05/24/2032 USD SR LIEN CPN 05/24/21 2.804% | 176,449 | 176,449 |
| CAPITAL ONE FINANCIAL CORPORAT HYBRID 07/29/2032 USD SUB LIEN CPN 07/29/21 2 | 92,584 | 92,584 |
| BANK OF MONTREAL HYBRID 12/15/2032 USD SUB LIEN CPN 12/12/17 3.803% | 217,258 | 217,258 |
| U.S. BANCORP HYBRID MTN 01/27/2033 USD SR LIEN CPN 01/27/22 2.677% | 96,862 | 96,862 |
| INTEL CORPORATION 5.2% 02/10/2033 USD SR LIEN | 140,884 | 140,884 |
| UNITEDHEALTH GROUP INC 5.35% 02/15/2033 USD SR LIEN | 92,012 | 92,012 |
| CENTERPOINT ENERGY RES 5.4% 03/01/2033 USD SR LIEN | 29,441 | 29,441 |
| ENBRIDGE INC 2.5% 08/01/2033 USD SR LIEN | 90,600 | 90,600 |
| VERIZON COMMUNICATIONS 4.5% 08/10/2033 USD SR LIEN | 135,050 | 135,050 |
| BP CAP MARKETS AMERICA 4.893% 09/11/2033 USD SR LIEN | 35,397 | 35,397 |
| PNC FINANCIAL SERVICES GROUP, HYBRID 01/24/2034 USD SR LIEN CPN 01/24/23 5.0 | 99,727 | 99,727 |
| AIR PRODUCTS & CHEMICALS 4.85% 02/08/2034 USD SR LIEN | 198,406 | 198,406 |
| TRANS-CANADA PIPELINES 4.625% 03/01/2034 USD SR LIEN | 89,369 | 89,369 |
| ORACLE CORPORATION 4.3% 07/08/2034 USD SR LIEN | 108,591 | 108,591 |
| DOW CHEMICAL CO/THE 4.25% 10/01/2034 USD SR LIEN | 184,903 | 184,903 |
| MEDTRONIC, INC. 4.375% 03/15/2035 USD SER WI SR LIEN | 162,036 | 162,036 |
| ABBVIE INC 4.5% 05/14/2035 USD SR LIEN | 117,722 | 117,722 |
| VIRGINIA ELECTRIC & POWER CO 6% 01/15/2036 SER B SR LIEN | 91,494 | 91,494 |
| WYETH LLC 6.0% 02/15/2036 SER B SR LIEN | 139,322 | 139,322 |
| ADVANCE AUTO PARTS, INC. 1.75% 10/01/2027 | 45,879 | 45,879 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| STATE STREET EMERGING MARKETS EQUITY INDEX FUND K CLASS | FMV | 1,336,716 | 1,336,716 |
| MULTI-MANAGER INTERNATIONAL EQUITY FUND P | FMV | 6,279,735 | 6,279,735 |
| STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND CLASS K | FMV | 6,443,807 | 6,443,807 |
| FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND INSTITUTIONAL SHARES | FMV | 5,493,946 | 5,493,946 |
| RBC BLUEBAY HIGH YIELD HIGH YIELD BOND FUND I | FMV | 5,476,906 | 5,476,906 |
| MULTI-MANAGER US SMALL CAP EQUITY FUND P | FMV | 3,713,058 | 3,713,058 |
| ISHARES S&P 500 INDEX FUND CLASS G | FMV | 50,040,136 | 50,040,136 |
| SEVEN BRIDGES ENERGY FUND | FMV | 703,521 | 703,521 |
| TPG TECH ADJACENCIES ACCESS OFFSHORE LP | FMV | 425,865 | 425,865 |
| DST OPPORTUNITIES II ACCESS OFFSHORE LP | FMV | 372,119 | 372,119 |
| VINTAGE VIII OFFSHORE SCSP | FMV | 2,561,419 | 2,561,419 |
| PRIVATE EQUITY MANAGERS (2018) OFFSHORE SCSP | FMV | 2,396,621 | 2,396,621 |
| PRIVATE EQUITY MANAGERS (2019) OFFSHORE SCSP | FMV | 3,273,112 | 3,273,112 |
| VINTAGE REAL ESTATE PARTNERS II (INTERNATIONAL) OFFSHORE SCSP | FMV | 457,558 | 457,558 |
| ARES SPECIAL OPPORTUNITIES ACCESS OFFSHORE LP | FMV | 613,898 | 613,898 |
| GOLDMAN SACHS PRIVATE MIDDLE MARKET CREDIT LLC | FMV | 758,767 | 758,767 |
| IMPRINT THEMATIC OPPORTUNITIES OFFSHORE SCSP | FMV | 956,488 | 956,488 |
| PRIVATE CREDIT MANAGERS III OFFSHORE LP | FMV | 3,144,487 | 3,144,487 |
| PRIVATE EQUITY MANAGERS (2020) OFFSHORE SCSP | FMV | 2,430,042 | 2,430,042 |
| TCV XI ACCESS OFFSHORE SCSP | FMV | 116,914 | 116,914 |
| BLACK EQUITY OPPORTUNITIES OFFSHORE LP | FMV | 205,071 | 205,071 |
| VINTAGE IX B OFFSHORE | FMV | 1,427,895 | 1,427,895 |
| PRIVATE CREDIT MANAGERS IV OFFSHORE | FMV | 1,013,431 | 1,013,431 |
| E&F PRIVATE EQUITY MANAGERS (2022) OFFSHORE LP | FMV | 914,421 | 914,421 |
| E&F PRIVATE EQUITY MANAGERS (2023) OFFSHORE LP | FMV | 92,676 | 92,676 |
| PRIVATE EQUITY MANAGERS (2023) OFFSHORE SCSP | FMV | 181,172 | 181,172 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL SERVICES | 14,455 | 0 | 14,455 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 25,183 | 0 | 25,183 | |
| SUBSCRIPTIONS | 31,588 | 0 | 31,588 | |
| OFFICE EXPENSES | 23,157 | 0 | 23,157 | |
| BOARD RELATED EXPENSES | 65,249 | 0 | 65,249 | |
| PAYROLL PROCESSING FEES | 14,827 | 0 | 14,827 | |
| HONORARIA | 32,900 | 0 | 32,900 | |
| OTHER PARTNERSHIP EXPENSES FROM SCHEDULE K-1'S | 0 | 54,368 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER PARTNERSHIP INCOME FROM K-1'S | 9,322 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | 2,345,864 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT AND CUSTODIAL FEES | 390,334 | 390,334 | 0 | |
| PROGRAM CONSULTING FEES | 407,890 | 0 | 407,890 | |
| STAFFING FEES | 96,699 | 0 | 96,699 | |
| IT SERVICES | 66,575 | 0 | 66,575 | |
| OTHER CONSULTING | 6,300 | 0 | 6,300 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 75,000 | 0 | 0 | |
| STATE TAXES | 5,000 | 0 | 5,000 | |
| FOREIGN TAXES | 0 | 74 | 0 |