| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE & EQUIPMENT | 2007-07-01 | 21,220 | 21,220 | 200DB | 7.000000000000 | 0 | |||
| 2 CHAIRS | 2011-01-13 | 1,139 | 1,139 | 200DB | 7.000000000000 | 0 | |||
| APPLE COMPUTER | 2016-07-01 | 2,648 | 2,648 | 200DB | 5.000000000000 | 0 | |||
| APPLE COMPUTER | 2020-12-23 | 3,603 | 3,395 | 200DB | 5.000000000000 | 208 | |||
| APPLE COMPUTER | 2020-12-23 | 3,602 | 3,395 | 200DB | 5.000000000000 | 207 | |||
| APPLE COMPUTER | 2023-12-07 | 1,397 | 726 | 200DB | 5.000000000000 | 268 | |||
| SOFTWARE | 2024-12-10 | 14,450 | 482 | SL | 15.000000000000 | 963 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| US BANK - SALE OF COVERED SHORT TERM SECURITIES | 2024-12 | Purchased | 2025-08 | 10,957,900 | 11,112,636 | Cost | -154,736 | |||
| US BANK - SALE OF COVERED LONG TERM SECURITIES | 2022-11 | Purchased | 2025-08 | 22,194,580 | 11,219,360 | Cost | 10,975,220 | |||
| FOLGER NOLAN - COVERED SHORT TERM SECURITIES | Purchased | 2025-12 | 1,202,429 | 1,202,429 | Cost | 0 | ||||
| FOLGER NOLAN - COVERED LONG TERM SECURITIES | 2023-09 | Purchased | 2025-10 | 275,000 | 275,000 | Cost | 0 | |||
| AVANOS MED INC | 2007-04 | Purchased | 2025-12 | 692 | 1,395 | Cost | -703 | |||
| DOW INC | 2009-08 | Purchased | 2025-01 | 1,682,745 | 1,426,868 | Cost | 255,877 | |||
| IROBOT CORP | 2013-08 | Purchased | 2025-12 | 0 | 907 | Cost | -907 | |||
| KYNDRYL HLDGS INC | 2010-10 | Purchased | 2025-12 | 791 | 879 | Cost | -88 | |||
| QNITY ELECTRONICS INC | 2006-11 | Purchased | 2025-11 | 49 | 29 | Cost | 20 | |||
| SOLVENTUM CORP | 2007-03 | Purchased | 2025-12 | 1,988 | 1,219 | Cost | 769 | |||
| VIATRIS INC | 2006-10 | Purchased | 2025-12 | 773 | 735 | Cost | 38 | |||
| WABTEC COM | 2019-02 | Purchased | 2025-12 | 1,279 | 468 | Cost | 811 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMPHENOL CORP | 191,170 | 189,872 |
| ASIAN DEVELOPMENT BANK | 121,932 | 125,472 |
| ATT INC | 190,219 | 191,819 |
| BROOKFIELD ASSET MGT LTD | 130,487 | 130,932 |
| CARMAX AUTO OWNER TRUST | 205,458 | 207,971 |
| CENTENE CORP DEL | 134,773 | 134,181 |
| DOMINION ENERGY INC | 133,454 | 133,180 |
| EASTMAN CHEM CO | 182,526 | 188,624 |
| EUROPEAN INVT BANK | 1,063,664 | 1,096,375 |
| FORD CR AUTO OWNER TR | 274,613 | 278,025 |
| FORD CREDIT AUTO | 25,095 | 25,109 |
| GOLDMAN SACHS GROUP INC | 133,224 | 133,199 |
| INTER AMERICAN DEVEL BK | 5,951 | 6,144 |
| JOHN DEERE OWNER | 9,124 | 9,128 |
| JOHN DEERE OWNER TRUST | 148,871 | 149,209 |
| KEYSIGHT TECHNOLOGIES INC | 124,854 | 125,901 |
| KREDITANSTALT FUR WIEDERAUFBAU SR | 236,611 | 244,569 |
| KROGER CO SR | 189,617 | 196,076 |
| LKQ CORP | 194,445 | 198,115 |
| MSCI INC SR NT | 131,063 | 130,859 |
| PERKINELMER INC | 201,935 | 198,110 |
| PNC FINL SVCS GROUP INC | 179,837 | 186,719 |
| PPG INDS INC | 129,762 | 129,844 |
| PROLOGIS LP | 194,671 | 198,604 |
| REGAL REXNORD CORPORATION | 120,742 | 121,884 |
| REGENERON PHARMACEUTICALS | 118,326 | 129,357 |
| SPRINT CAPITAL CORP | 167,625 | 175,357 |
| TOYOTA AUTO REC OWN | 5,052 | 5,052 |
| UNITED RENTALS NORTH AM | 67,375 | 67,857 |
| US BANCORP | 95,663 | 95,713 |
| US BANCORP FR | 87,985 | 89,619 |
| VERISIGN INC | 192,689 | 195,293 |
| VERIZON MA TR | 118,292 | 119,074 |
| VOLKSWAGEN AUTO LN ENCH | 2,021 | 2,021 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 26,534 | 64,040 |
| ALPHABET INC | 517,056 | 2,312,275 |
| AMAZON COM INC | 162,095 | 184,656 |
| AMBARELLA INC | 35,087 | 70,840 |
| APPLE INC | 292,325 | 4,009,934 |
| AT&T INC | 58,848 | 59,616 |
| AUTOMATIC DATA PROCESSING | 86,412 | 334,399 |
| AVANOS MED INC | 1,395 | 696 |
| CISCO SYSTEMS INC | 31,450 | 92,436 |
| CLOROX COMPANY | 91,524 | 105,871 |
| COCA-COLA COMPANY | 33,605 | 69,910 |
| CORTEVA INC | 730,662 | 3,043,095 |
| COSTCO WHSL CORP | 34,035 | 344,936 |
| DUPONT DE NEMOURS INC | 621,178 | 1,345,695 |
| ECOLAB INC | 25,391 | 137,823 |
| GENERAL MILLS INC | 14,159 | 23,250 |
| INTEL CORP | 32,451 | 51,660 |
| INTERNATIONAL BUSINESS MACHS CORP | 20,054 | 44,431 |
| INTL FLAVORS & FRAGRANCES INC | 582,625 | 576,926 |
| IROBOT CORP | 19,936 | 61 |
| JOHNSON & JOHNSON | 19,992 | 62,085 |
| KIMBERLY-CLARK CORP | 32,711 | 50,445 |
| KYNDRYL HLDGS INC | 879 | 797 |
| LULULEMON ATHLETICA INC | 20,610 | 103,905 |
| MICROSOFT CORP | 470,180 | 918,878 |
| NEW YORK TIMES | 14,420 | 41,652 |
| NVIDIA CORP | 449,143 | 699,375 |
| ORACLE CORPORATION | 17,810 | 97,455 |
| OWENS CORNING | 8,172 | 33,573 |
| PFIZER INC | 13,405 | 12,450 |
| PROCTOR & GAMBLE CO | 47,641 | 107,483 |
| QNITY ELECTRONICS INC | 890,086 | 1,366,576 |
| SEAGATE TECHNOLOGY HLDGS | 36,249 | 240,966 |
| SIEMENS | 39,160 | 97,965 |
| SOLVENTUM CORP | 4,875 | 7,924 |
| SYSCO CORPORATION | 31,578 | 66,321 |
| TARGET CORP | 23,339 | 39,100 |
| TOYOTA MTR CORP | 46,900 | 85,624 |
| VERIZON COMMUNICATIONS | 175,577 | 160,884 |
| VIATRIS INC | 735 | 772 |
| WABTEC | 468 | 1,281 |
| WARNER BROS DISCOVERY | 18,041 | 16,716 |
| WASTE MGMT INC | 34,836 | 197,739 |
| AIRBNB INC (3384) | 950,850 | 858,293 |
| AMAZON COM INC | 819,206 | 2,921,027 |
| ARES MANAGEMENT CORP | 767,002 | 863,588 |
| ARTHUR J GALLAGHER CO | 1,110,824 | 1,157,309 |
| BROADCOM INC | 1,520,042 | 1,413,126 |
| CADENCE DESIGN SYS INC | 430,835 | 979,313 |
| CARRIER GLOBAL CORPORATION COM | 1,171,004 | 939,601 |
| DANAHER CORP | 197,433 | 1,100,647 |
| DATADOG INC | 714,769 | 840,826 |
| DYNATRACE INC | 609,450 | 662,929 |
| ECOLAB INC | 350,142 | 847,152 |
| EQUIFAX INC | 988,802 | 879,637 |
| GE AEROSPACE | 528,532 | 919,470 |
| INTUIT INC | 278,718 | 1,507,668 |
| INTUITIVE SURGICAL INC | 931,497 | 1,110,066 |
| KKR CO INC | 917,780 | 1,293,667 |
| MARVEL TECHNOLOGY INC | 171,604 | 780,286 |
| MICROSOFT CORP | 1,253,910 | 3,683,734 |
| MONOLITHIC POWER SYSTEMS INC | 103,333 | 979,775 |
| NVIDIA CORP | 490,004 | 3,514,406 |
| PROGRESSIVE CORP | 894,775 | 1,004,473 |
| SAMSARA INC | 750,376 | 694,891 |
| SCHWAB CHARLES CORP | 1,110,283 | 1,342,291 |
| SERVICENOW INC | 277,646 | 783,567 |
| SNOWFLAKE INC | 703,539 | 707,875 |
| UBER TECHNOLOGIES INC | 538,498 | 880,262 |
| VERALTO CORP | 475,055 | 721,210 |
| VERISK ANALYTICS INC | 303,565 | 760,993 |
| VISA INC | 410,073 | 1,761,266 |
| WEST PHARMACEUTICAL SVCS INC | 522,784 | 981,149 |
| SHOPIFY INC | 429,234 | 656,275 |
| SPOTIFY TECHNOLOGY | 1,217,225 | 1,091,154 |
| TAIWAN SEMICONDUCTOR | 1,256,640 | 1,743,417 |
| ALPHABET INC (3395) | 1,706,932 | 6,546,901 |
| AMAZON COM INC | 1,595,202 | 4,151,529 |
| APPLE INC | 1,944,092 | 4,505,264 |
| MICROSOFT CORP | 2,370,892 | 4,606,480 |
| NVIDIA CORP | 414,052 | 5,197,942 |
| CORTEVA INC (3004) | 893,684 | 3,552,590 |
| DOW INC | 1,614,143 | 1,239,140 |
| DUPONT DE NEMOURS INC | 1,012,523 | 2,130,600 |
| QNITY ELECTRONICS INC | 1,450,893 | 2,163,725 |
| ISHARES CORE (3351) | 4,633,031 | 4,703,605 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS | 50,004 | 207,294 | |
| REIT PUBLIC STORAGE | 28,331 | 45,412 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE & EQUIPMENT | 48,059 | 34,651 | 13,408 |
| Description | Amount |
|---|---|
| FEDERAL TAX | 23,407 |
| DIFFERENCE IN COST & FMV | 125,847 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATIVE EXP | 50,065 | 50,065 | ||
| DUES & FEES | 22,429 | 22,429 | ||
| INSURANCE | 2,876 | 2,876 | ||
| MANAGEMENT FEES | 253,135 | 253,135 | ||
| OFFICE SUPPLIES | 4,292 | 4,292 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 2,256 | 2,256 | ||
| LICENSES | 87 | 87 |