| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING, TAX & RECORDKEEPING | 123,584 | 61,792 | 61,792 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIMM GOVERNMENT PORTFOLIO: CLASS I | 20,297,425 | 20,297,425 |
| FIMM TREASURY PORTFOLIO: INSTL CL | 113,350,070 | 113,350,070 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC | 127,922 | 728,570 |
| JOHNSON CONTROLS INTERNATIONAL PLC | 4,080,500 | 4,735,800 |
| JANUS HENDERSON GLOB TECH & INNOV I | 1,528,984 | 1,971,347 |
| ISHARES TR U.S. MED DVC ETF | 1,000,485 | 1,326,529 |
| HOOD RIVER SMALL CAP GROWTH FUND INSTL | 2,532,406 | 3,374,204 |
| HOME DEPOT INC | 1,000,760 | 1,562,184 |
| FIDELITY SELECT HEALTH CARE | 2,021,664 | 1,839,866 |
| GOLDMAN SACHS GROUP INC | 2,088,214 | 3,435,720 |
| JPMORGAN CHASE & CO | 3,753,207 | 7,143,358 |
| EXXON MOBIL CORP | 1,783,424 | 2,576,302 |
| ELI LILLY AND CO | 16,603 | 319,608 |
| DUKE ENERGY CORP NEW COM NEW | 1,001,196 | 1,264,544 |
| DISNEY WALT CO COM | 9,218,351 | 8,239,900 |
| HANNON ARMSTRONG SUSTAINABLE INFL COM | 812,028 | 1,153,690 |
| COCA COLA CO | 651,226 | 890,318 |
| MPLX LP COM UNIT REP LTD | 4,956,020 | 6,891,840 |
| OBERWEIS SMALL CAP OPPORTUNITIES INSTL | 2,639,381 | 3,017,996 |
| PROCTER AND GAMBLE CO COM | 644,330 | 1,190,315 |
| READY CAPITAL CORP | 5,511,471 | 1,841,407 |
| SONOCO PRODS CO | 249,600 | 405,455 |
| UNITED PARCEL SERVICE | 1,994,553 | 1,248,390 |
| UTILITIES SELECT SECTOR SPDR FUND | 1,000,201 | 1,289,606 |
| WASTE MANAGEMENT INC | 591,728 | 3,733,115 |
| MERCK & CO | 2,811,777 | 5,172,960 |
| CHEVRON CORP NEW COM | 3,822,967 | 5,275,797 |
| INVESCO EXCHANGE TRADED FD TR | 1,250,165 | 2,524,060 |
| ALPHABET INC CAP STK CL C | 1,598,866 | 5,507,525 |
| AMAZON.COM INC | 5,986,148 | 7,898,040 |
| BRISTOL MYERS SQUIBB | 1,233,448 | 2,092,720 |
| BLACKSTONE MORTGAGE TRU-CL A | 3,033,556 | 1,566,900 |
| BROOKFIELD ASSET MANAGEMENT LTD CLASS A | 693,981 | 2,557,009 |
| APPLE INC | 3,336,087 | 6,665,429 |
| BOEING CO COM | 2,293,141 | 2,407,200 |
| BANK OF AMERICA CORP | 1,253,861 | 1,997,528 |
| BROOKFIELD CORP CLASS A FMRLY ASSET MNGMT FUND | 2,878,830 | 10,769,290 |
| BOOK TAX APPRECIATION ON DONATIONS | 109,036,568 | 0 |
| AEGIS VALUE FUND INC | 2,690,830 | 2,538,224 |
| BRANDES INTL SMALL CAP EQUITY I | 2,507,693 | 2,525,986 |
| FMC CORP COM | 2,894,881 | 2,430,500 |
| GOLUB CAP BDC INC | 4,027,944 | 3,941,600 |
| ISHARES BITCOIN TRUST ETF | 3,862,553 | 6,094,915 |
| SCHLUMBERGER LIMITED COM | 3,674,996 | 3,074,868 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SK TITAN LP/ASCEND | AT COST | 42,448,863 | 0 |
| OSAGE UNIVERSITY PARTNERS III LP | AT COST | 1,718,677 | 4,144,114 |
| SK CAPITAL PARTNERS III | AT COST | 288,858 | 940,914 |
| SHRUG II LP (ANGELLIST) | AT COST | 70,488 | 100,000 |
| OSAGE VENTURE PARTNERS III LP | AT COST | 706,562 | 1,171,720 |
| POSITIVE DEVELOPMENT INC | AT COST | 99,999 | 99,999 |
| PLANET 9 STUDIOS | AT COST | 12,060,275 | 8,000,000 |
| PHIFUND LP | AT COST | 3,191,730 | 3,830,462 |
| SUPERGREAT (HUDDLE LABS, INC.) | AT COST | 25,000 | 50,000 |
| ARTWORK | AT COST | 1,630,208 | 1,630,208 |
| OSAGE UNIVERSITY PARTNERS IV LP | AT COST | 323,492 | 402,060 |
| OSAGE VENTURE PARTNERS V LP | AT COST | 2,626,677 | 2,773,608 |
| CERBERUS OFFSHORE LEVERAGED LOAN OPP FUND II | AT COST | 426,272 | 758,423 |
| TECHSTARS BOULDER 2015 | AT COST | 35,666 | 35,666 |
| ZIGG CAPITAL II LP | AT COST | 4,963,962 | 5,117,831 |
| ZIGG CAPITAL I LP | AT COST | 4,707,599 | 8,382,685 |
| AG CREDIT SOLUTIONS II LP | AT COST | 6,557,365 | 9,291,173 |
| WARANA SP OFFSHORE FUND SPC - 2021 (PACKABLE/HTPA) | AT COST | 7,500,000 | 7,500,000 |
| WARANA SP OFFSHORE FUND SPC - 2019 | AT COST | 7,519,900 | 2,768,056 |
| WARANA CO-INVESTMENT FUND III OFFSHORE LP | AT COST | 1,487,500 | 2,675,898 |
| WARANA CO-INVESTMENT FUND II OFFSHORE LP | AT COST | 2,055,900 | 2,249,779 |
| AG CS HOLDING FUND LP | AT COST | 4,898,579 | 3,701,173 |
| AG DIRECT LENDING FUND IV, LP | AT COST | 6,134,317 | 8,238,071 |
| AG NET LEASE REALTY FUND II | AT COST | 432,398 | 432,398 |
| AG REALTY FUND XI | AT COST | 3,480,507 | 4,080,344 |
| AG REALTY VALUE FUND X | AT COST | 5,910,342 | 5,681,681 |
| ALCOVA CAPITAL YIELD PREMIUM FUND LP | AT COST | 5,379,587 | 5,164,397 |
| ALCOVA EQUITY LLC TREVOSE PA SERIES | AT COST | 3,068,045 | 5,000,000 |
| TQ VENTURES III GROWTH LP | AT COST | 3,207,000 | 4,953,117 |
| TQ VENTURES III EARLY LP | AT COST | 1,070,523 | 1,575,495 |
| TOURBILLON GLOBAL EQUITIES, LTD | AT COST | 1,677,385 | 1,677,385 |
| OSAGE UNIVERSITY PARTNERS II LP | AT COST | 1,487,655 | 1,526,761 |
| TECHSTARS ACCELERATOR INVESTMENT | AT COST | 98,502 | 98,502 |
| OSAGE UNIVERSITY PARTNERS I LP | AT COST | 562,048 | 1,047,632 |
| MAVEN CLINIC (FKA BRIGHT PARENTING) | AT COST | 100,000 | 200,000 |
| NOTVC'S LP-1 | AT COST | 507,041 | 550,000 |
| BOWERY FARMING INC | AT COST | 9,999,996 | 9,999,996 |
| H SQUARED HOLDINGS PARTNERS | AT COST | 95,860,381 | 95,860,381 |
| GOLUB CAPITAL PARTNERS INTL ROLLOVER FUND 2 LP | AT COST | 3,197,607 | 13,125,000 |
| GOLUB CAPITAL PARTNERS INTERNATIONAL 14 LP | AT COST | 2,966,212 | 4,500,000 |
| GOLUB CAPITAL PARTNERS INTERNATIONAL 12 LP | AT COST | 5,531,604 | 9,000,000 |
| GOLUB CAPITAL PARTNERS INTERNATIONAL 11 LP | AT COST | 3,404,141 | 7,437,500 |
| GOALLY INC | AT COST | 1,262,924 | 600,000 |
| HPS OFFSHORE MEZZANINE PARTNERS 2019 LP | AT COST | 6,842,125 | 6,017,555 |
| GEMS FUND 5 INTERNATIONAL LP | AT COST | 2,891,878 | 3,160,254 |
| GARMARK SBIC FUND | AT COST | 11,581,738 | 4,965,773 |
| CASTLE PEAK FUND I | AT COST | 7,855,293 | 7,728,853 |
| CASTLE PEAK HOLDINGS LLC | AT COST | 50,950 | 50,000 |
| CASTLE PEAK HOLDINGS QOZ FUND LLC | AT COST | 1,624,579 | 1,493,720 |
| DIFFERENCE PARTNERS FUND I | AT COST | 13,968,228 | 21,525,588 |
| DAIVERGENT INC | AT COST | 500,000 | 500,000 |
| CASTLE PEAK TRAILBORN HOSPITALITY LLC | AT COST | 516,001 | 550,000 |
| GARMARK SBIC II FUND | AT COST | 5,144,575 | 4,194,474 |
| HPS STRATEGIC INVESTMENT PARTNERS V | AT COST | 6,011,738 | 7,098,827 |
| HUMAN VENTURES FUND I, LP | AT COST | 2,955,694 | 4,915,933 |
| ZIGG CAPITAL III LP | AT COST | 669,764 | 681,415 |
| MU VENTURES LP | AT COST | 397,217 | 425,000 |
| CERBERUS OFFSHORE LEVERAGED LOAN OPP FUND IV | AT COST | 1,363,964 | 4,817,579 |
| MAKENA CAPITAL SPLITTER X | AT COST | 7,959,423 | 5,573,321 |
| LINCOLNSHIRE EQUITY FUND V-A LP | AT COST | 3,311,296 | 5,174,573 |
| LCP IX (OFFSHORE), LP | AT COST | 5,604,081 | 9,829,095 |
| KG SPECIAL OPPORTUNITIES FUND LP | AT COST | 23,712 | 898 |
| KG EUROPEAN OPPORTUNITY FUND LP - SERIES A | AT COST | 4,813,332 | 4,729,148 |
| JUNIPER SOLUTIONS | AT COST | 100,000 | 100,000 |
| JOSHIN INC | AT COST | 250,000 | 250,000 |
| BLANKET, INC. | AT COST | 50,000 | 50,000 |
| BLOCKCHANGE VENTURES III LP | AT COST | 8,049,078 | 9,917,305 |
| JDS THERAPEUTICS. LLC | AT COST | 7,020,677 | 400,000 |
| JAYNE B COMPANY | AT COST | 349,999 | 349,999 |
| BAIN CAPITAL DSS - 19 | AT COST | 3,757,850 | 6,754,688 |
| ZIGG SPR OPPORTUNITY I, LP | AT COST | 324,017 | 183,758 |
| ALCOVA CAPITAL - ITHACA BREEZE (CORNELL STUDENT HOUSING) | AT COST | 3,194,951 | 4,000,000 |
| ALCOVA CAPITAL - ROYERSFORD JUNIOR LOAN 2 | AT COST | 2,000,000 | 2,000,000 |
| BLACKSTONE SECURED LENDING CF | AT COST | 0 | 5,815,800 |
| CULDESAC OPPORTUNITY FUND I, LP | AT COST | 5,086,801 | 7,433,234 |
| GEMS FUND 6 INTERNATIONAL LP | AT COST | 2,805,506 | 2,805,506 |
| KG EUROPEAN OPPORTUNITY FUND LP - SERIES B | AT COST | 0 | 2,720,844 |
| MAKENA ENDOWMENT FUND - CAPITAL BLOCKER Y | AT COST | 0 | 1,234,049 |
| TWELVE BELOW I, LP | AT COST | 7,702,804 | 10,443,027 |
| WARANA - WSS KINGS OFFSHORE LP | AT COST | 4,000,000 | 4,404,282 |
| WARANA 2023 OFFSHORE FUND LP | AT COST | 0 | 12,198,047 |
| WARANA SP OFFSHORE FUND SPC - 2021 | AT COST | 0 | 3,179,158 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 118,455 | 23,691 | 94,764 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| FUNDS IN TRANSIT | 27,152 | 846,608 | 846,608 |
| Description | Amount |
|---|---|
| UBTI FROM PARTNERSHIPS | 424,516 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AG CS HOLDING FUND K-1 | 5,758 | 5,758 | 0 | |
| AG REALTY VALUE FUND X, LP | 57,629 | 57,629 | 0 | |
| AG REALTY VALUE FUND XI, LP | 48,505 | 48,505 | 0 | |
| ALCOVA CAPITAL YIELD PREM FUND | 8,331 | 8,331 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 2) | 16,366 | 16,366 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 3) | 16,034 | 16,034 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 4) | 17,100 | 17,100 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 5) | 11,425 | 11,425 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 6) | 14,872 | 14,872 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 7) | 34,833 | 34,833 | 0 | |
| BLOCKCHANGE VENTURES III K-1 (SERIES 8) | 10,640 | 10,640 | 0 | |
| DUES / SUBSCRIPTIONS / COPIES /DUPLICATING | 588 | 294 | 294 | |
| CASTLE PEAK HOLDINGS QOZ | 951 | 951 | 0 | |
| FUND I MU VENTURES | 12,155 | 12,155 | 0 | |
| CULDESAC OPPORTUNITY FUND | 49 | 49 | 0 | |
| GARMARK SBIC II - K-1 | 144,369 | 144,369 | 0 | |
| GARMARK SBIC K-1 | 209,618 | 209,618 | 0 | |
| H SQUARED HOLDINGS PARTNERS LP | 2,140,002 | 2,140,002 | 0 | |
| HPS OFFSHORE MEZZANINE PARTNERS 2019 K-1 | 11,341 | 11,341 | 0 | |
| HPS OFFSHORE STRATEGIC INVESTMENT PTRS V K-1 | 9,087 | 9,087 | 0 | |
| HUMAN VENTURES FUND I K-1 | 22,740 | 22,740 | 0 | |
| INSURANCE | 18,141 | 9,070 | 9,071 | |
| KG EUROPEAN OPPORTUNITY FUND K1 | 57,202 | 57,202 | 0 | |
| KG SPECIAL OPPORTUNITIES FUND K1 | 3,908 | 3,908 | 0 | |
| LINCOLNSHIRE EQUITY FUND V-A K-1 | 49,853 | 49,853 | 0 | |
| MAKENA CAPITAL SPLITTER X LP K1 | 256,072 | 256,072 | 0 | |
| NON DEDUCTIBLE K-1 EXPENSES | 32,301 | 0 | 0 | |
| NOT VCS LP I | 22,175 | 22,175 | 0 | |
| OFFICE EXPENSE | 4,158 | 2,079 | 2,079 | |
| OSAGE UNIVERSITY PARTNERS I LP | 1,720 | 1,720 | 0 | |
| OSAGE UNIVERSITY PARTNERS II LP | 25,800 | 25,800 | 0 | |
| OSAGE UNIVERSITY PARTNERS III LP | 70,349 | 70,349 | 0 | |
| OSAGE UNIVERSITY PARTNERS IV LP | 58,701 | 58,701 | 0 | |
| OSAGE VENTURE PARTNERS III LP K1 | 13,286 | 13,286 | 0 | |
| OSAGE VENTURE PARTNERS V LP K1 | 110,228 | 110,228 | 0 | |
| PHIFUND LP | 109,636 | 109,636 | 0 | |
| POSTAGE AND DELIVERY 82700 | 2,416 | 1,208 | 1,208 | |
| SHRUG II K-1 | 188 | 188 | 0 | |
| SK CAPITAL PARTNERS III LP K1 | 8,695 | 8,695 | 0 | |
| SK TITAN K1 | 7,970 | 7,970 | 0 | |
| SKCP III ANGEL AIV LP K1 | 179 | 179 | 0 | |
| SKCP III BLUE AIV LP K-1 | 268 | 268 | 0 | |
| SKCP III GLADES AIV LP K1 | 258 | 258 | 0 | |
| SKCP III GROUNDHOG AIV K-1 | 297 | 297 | 0 | |
| TQ VENTURES III EARLY LP | 69,905 | 69,905 | 0 | |
| TQ VENTURES III GROWTH LP | 206,402 | 206,402 | 0 | |
| TRAILBORN HOSPITALITY LLC K-1 | 23,179 | 23,179 | 0 | |
| TWELVE BELOW I LP | 127,553 | 127,553 | 0 | |
| ZIGG CAPITAL I K1 | 84,952 | 84,952 | 0 | |
| ZIGG CAPITAL II K1 | 166,163 | 166,163 | 0 | |
| ZIGG CAPITAL III K1 | 130,347 | 130,347 | 0 | |
| ZIGG SPR OPPORTUNITY I LLC - K-1 | 2,713 | 2,713 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| AG CS HOLDING FUND LP | 600,754 | 600,754 | 600,754 |
| AG REALTY VALUE FUND X LP K-1 | 111,144 | 111,144 | 111,144 |
| AG REALTY VALUE FUND XI LP K-1 | 40,850 | 40,850 | 40,850 |
| GARMARK SBIC FUND II LP | 5,589 | 5,589 | 5,589 |
| GARMARK SBIC FUND LP | 192,535 | 192,535 | 192,535 |
| HPS OFFSHORE MEZZANINE PARTNERS 2019 LP K-1 | 180,613 | 180,613 | 180,613 |
| HPS OFFSHORE STRATEGIC INVESTMENT PARTNERS V LP | 52,979 | 52,979 | 52,979 |
| KG SPECIAL OPPORTUNITES FUND LLC - K1 | -5 | -5 | -5 |
| MAKENA CAPITAL SPLITTER - ROYALTIES | 15,860 | 15,860 | 15,860 |
| MAKENA CAPITAL SPLITTER X | 77,677 | 77,677 | 77,677 |
| PHI FUND | -35 | -35 | -35 |
| SHRUG II CAPITAL FUNDS | 1,884 | 1,884 | 1,884 |
| SKCP III GLADES AIV LP | 48 | 48 | 48 |
| ALCOVA 1099 | 40,000 | 40,000 | 40,000 |
| UBTI FROM PARTNERSHIPS | 424,516 | 424,516 |
| Description | Amount |
|---|---|
| DIFFERENCE TAX/BOOK COST OF SECURITIES DONATED / SOLD | 280,873 |
| NON-DIVIDEND DISTRIBUTIONS | 423,496 |
| GRANT TO DAF - SET ASIDE FUND | 2,000,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CALLS / PUTS | 778,928 | 0 |
| PARTNERSHIPS WITH NEGATIVE CAPITAL BALANCES | 2,049,157 | 2,535,677 |
| CREDIT CARDS PAYABLE | 31 | 13,645 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 4,956,039 | 2,973,623 | 1,982,416 | |
| IT SUPPORT 83400 | 2,491 | 1,246 | 1,245 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 91,905 | 91,905 | 0 | |
| EXCISE TAX PAYMENTS | 1,317,799 | 0 | 0 |