| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONDON OMEARA MCGINTY & DONNELLY LLP - TAX SERVICES | 6,500 | 1,625 | 4,875 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| VERIZON COMMUNICATIONS | 54,546 | 55,253 |
| INTERNATIONAL BK FOR RECON&DEV BOND | 73,192 | 73,881 |
| INTERNATIONAL BK FOR RECON SER 11529 | 51,705 | 53,574 |
| INTER-AMERICAN DEV BK NOTE | 177,939 | 178,587 |
| INTERNATIONAL BK FOR RECON SER 100225 | 141,441 | 135,947 |
| INTERNATIONAL BK FOR RECON | 174,181 | 178,726 |
| INTERNATIONAL BK | 171,660 | 155,632 |
| INTER-AMERICAN DEV BK SER | 140,440 | 142,253 |
| INTER-AMERICAN DEVELOPMENT | 151,918 | 140,188 |
| INTERNATIONAL BK FOR RECON SER 101234 | 93,724 | 96,765 |
| VANGUARD SHORT TERM FEDERAL ADMIRAL | 717,258 | 725,864 |
| DISNEY WALT CO | 54,733 | 55,313 |
| BRISTOL-MYERS SQUIBB CO | 54,792 | 55,288 |
| EUROPEAN INVT | 91,364 | 91,329 |
| BANK NEW YORK MELLON CORP | 25,146 | 25,886 |
| GILEAD SCIENCES INC NOTE CALL MAKE WHOLE | 52,288 | 55,947 |
| ORACLE CORP | 53,656 | 55,049 |
| CALVERT IMPACT CAPITAL | 100,000 | 100,000 |
| CCM COMMUNITY IMPACT BOND FUND | 624,389 | 557,738 |
| SALESFORCE INC NOTE CALL | 51,644 | 54,367 |
| CIGNA GROUP | 56,491 | 55,206 |
| TRUIS FINL | 52,647 | 54,624 |
| STATE STR | 54,372 | 54,615 |
| AMGEN INC NOTE | 56,594 | 55,137 |
| HUNTINGTON BANSHARES INC | 53,074 | 54,565 |
| INTERNATIONAL BK FORRECON&DEVNOTE | 134,869 | 129,720 |
| INTERNATIONAL BK FOR RECON&DEV BOND | 182,873 | 181,886 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| NVIDIA CORP | 13,451 | 392,763 |
| NOVO NORDISK | 16,722 | 45,484 |
| NORSK HYDRO | 15,513 | 42,625 |
| NORDEA BK | 7,900 | 22,992 |
| ORACLE | 15,001 | 71,273 |
| OREILLY AUTOMOTIVE | 8,078 | 40,559 |
| PEARSON ADR | 8,702 | 21,872 |
| ORSTED AS UNSP | 5,623 | 4,699 |
| QUALCOMM INC | 1,672 | 4,141 |
| QBE INSURNACE GROUP | 7,249 | 23,033 |
| PUBLICIS GROUPE | 6,317 | 36,248 |
| PRYSMIAN SPA UNSP | 1,514 | 6,377 |
| PRUDENTIAL FINANCIAL | 9,730 | 23,744 |
| PROSUS NV SPON | 10 | 22 |
| PROGRESSIVE CORP | 1,537 | 5,871 |
| PRIMO WATER CORP | 6,284 | 14,158 |
| PNC FINANCIAL | 2,516 | 5,965 |
| PAYCHEX INC | 15,490 | 42,183 |
| PACCAR INC | 10,037 | 26,902 |
| ORMAT TECH | 29,459 | 35,849 |
| 3L GROUP UNSP ADR | 884 | 4,094 |
| NEXTRACKER INC | 7,236 | 7,068 |
| NINTENDO | 13,956 | 37,952 |
| MAIN STR CAP CORP | 10,397 | 31,855 |
| LUCID GROUP INC | 7,465 | 5,944 |
| LOWES COMPANIES | 12,363 | 39,049 |
| LOEWS CORP | 27,341 | 75,894 |
| LLOYDS BANKING GROUP | 7,131 | 20,630 |
| LINDE PLC COM | 4,347 | 11,260 |
| KONINKLIJKE PHILIPS | 5,431 | 10,623 |
| KNIFE RIVER CORP | 2,850 | 9,797 |
| KINROSS GOLD CORP | 5,533 | 26,086 |
| JULIUS BAER GRUPPE | 7,179 | 17,027 |
| JPMORGAN CHASE | 25,399 | 151,043 |
| JAMES HARDIE INDUSTRIES | 6,278 | 15,623 |
| IQVIA HLDGS | 11,770 | 19,699 |
| INTUITIVE SURGICAL | 14,413 | 57,058 |
| MARRIOTT INTERNATIONAL | 11,947 | 41,801 |
| MARSH MCLENNAN COMPANIES | 23,318 | 61,656 |
| MARTIN MARIETTA MATERIALS | 7,911 | 27,448 |
| NEWS CORP | 6,492 | 21,250 |
| NATIONAL AUSTRALIA BANK | 14,596 | 40,524 |
| MOSAIC | 7,167 | 23,821 |
| MORGAN STNALEY | 9,248 | 42,962 |
| NITTO DENKO | 10,388 | 20,309 |
| MICROSOFT | 30,042 | 477,016 |
| MICHELIN | 1,077 | 2,007 |
| META PALTFORMS INC | 35,964 | 183,046 |
| MDU RESOURCES | 1,678 | 3,917 |
| MCKESSON | 7,859 | 44,700 |
| MCDONALDS | 5,484 | 10,226 |
| MASTERCARD INC | 17,016 | 43,831 |
| RB GLOBAL | 5,502 | 11,256 |
| INTUIT INC | 14,918 | 56,709 |
| UNICREDIT SPA | 5,949 | 44,783 |
| UBS GROUP AG | 8,672 | 43,865 |
| TRAVELERS COMPANIES | 11,938 | 34,780 |
| TOWER SEMICONDUCTOR | 95 | 217 |
| TOKYO ELETRON UNSPON | 9,373 | 34,030 |
| UNION PAC CORP | 25,774 | 73,626 |
| TOKIO MARINE HLDGS | 5,475 | 16,524 |
| TJX COMPANIES | 11,390 | 35,318 |
| THERMO FISHER SCIENTIFIC | 24,437 | 35,275 |
| THE CIGNA GROUP INC | 999 | 2,314 |
| TETRA TECH INC | 7,155 | 18,340 |
| TESLA INC COM | 10,493 | 113,722 |
| TELENOR ASA | 9,520 | 17,013 |
| TELEFONICA SA | 6,951 | 10,962 |
| TELECOM ITALIA | 7,224 | 19,345 |
| TMOBILE US INC | 7,117 | 22,396 |
| TECHTRONIC INSUTRIES | 6,306 | 11,334 |
| UNITEDHEALTH | 20,448 | 54,283 |
| YUM BRANDS INC | 8,883 | 21,634 |
| WPP PLC AMERICAN DEPOSITORY | 3,387 | 4,131 |
| WOLTERS KLUWERS SPON ADR | 5,211 | 14,183 |
| WIX.COM | 2,249 | 6,021 |
| WELLS FARGO CO | 7,151 | 21,793 |
| WEIS MARKETS INC | 1,300 | 2,465 |
| WASTE CONNECTIONS | 7,476 | 17,552 |
| UNITED UTILITIES GROUP | 7,391 | 12,002 |
| WABTEC | 3,898 | 18,423 |
| VISA INC | 13,790 | 32,665 |
| VINCI ADR | 1,867 | 3,689 |
| VESTAS WIND | 9,099 | 9,263 |
| VEOLIA ENVIRONMENT SPON | 20,352 | 36,307 |
| US FOODS HLDGS | 2,292 | 7,239 |
| VULCAN MATERIALS | 6,632 | 19,822 |
| RADIUS RECYCLING | 5,771 | 14,459 |
| TARGET CORP | 6,317 | 8,583 |
| SALESFORCE | 15,488 | 29,996 |
| S&P GLOBAL INC | 15,881 | 47,456 |
| RYOHIN KEIKAKU | 6,530 | 34,231 |
| RPM INTERNATIONAL | 11,530 | 24,714 |
| SANDOZ GROUP | 1,393 | 3,936 |
| RESTAURANT BRANDS INTL | 6,372 | 7,889 |
| REPUBLIC SERVICES | 8,280 | 27,867 |
| RENAULT | 6,930 | 18,620 |
| RELX PLC | 9,149 | 28,311 |
| RELIANCE INC COM | 9,468 | 39,551 |
| RBC EMERGING MARKETS EQUITY | 122,233 | 181,863 |
| TARO PHARMACEUTICALS | 5,783 | 0 |
| SCHNEIDER ELECTRIC | 12,335 | 38,167 |
| SYSCO | 12,484 | 25,449 |
| SWISS RE AG | 7,787 | 23,674 |
| SWIRE PACIFIC ADR | 3,033 | 4,424 |
| SUNRUN INC COM | 5,044 | 6,045 |
| SUNOPTA INC | 6,057 | 10,347 |
| SUMITOMO MIT | 9,603 | 30,809 |
| STRYKER CORP | 14,763 | 39,959 |
| SEKISUI HOUSE ADR | 11,426 | 16,228 |
| STEEL DYNAMICS | 6,858 | 36,099 |
| SONY GROUP CORP | 17,425 | 40,737 |
| SOLAREDGE TECHNOLOGIES INC | 8,504 | 10,322 |
| SOFTBANK GROUP | 5,951 | 15,519 |
| SILVERCORP METALS | 4,380 | 7,984 |
| SHOALS TECHNOLOGIES GROUP INC | 6,427 | 6,103 |
| SHIN ETSU CHEMICAL CO | 6,767 | 12,697 |
| SHERWIN WILLIAMS CO | 11,664 | 22,662 |
| SPROUTS FARMERS MARKET | 3,052 | 27,989 |
| INTESA SANPAOLO | 14,435 | 53,673 |
| ZURICH INSURANCE GROUP | 19,326 | 46,940 |
| BUNGE LIMITED COM STK | 15,230 | 37,250 |
| BROADRIDGE FINANCIAL SOLUTION | 6,145 | 16,040 |
| BROADCOM INC | 11,350 | 155,467 |
| BOSTON SCIENTIFIC CORP | 11,083 | 42,642 |
| BLACKROCK | 11,216 | 31,478 |
| BJS WHSL CLUB | 5,530 | 23,723 |
| BUNZL SPON | 11,452 | 22,093 |
| BIOTECHNE CORP | 1,936 | 2,367 |
| BAYERISHE MOTOREN | 13,726 | 27,541 |
| BAUSCH HEALTH CO | 6,744 | 9,850 |
| BARCLAYS PLC | 3,202 | 14,240 |
| BANK OF NEW YORK MELLON | 876 | 2,642 |
| BANCO BILBAO | 3,045 | 10,298 |
| AXA SA SPON | 12,344 | 41,015 |
| CAPGEMINI UNSPON | 10,171 | 24,660 |
| CBRE GROUP INC | 7,308 | 28,164 |
| CSW INDUSTRIALS INC | 5,539 | 25,815 |
| COMMONWEALTH BANK | 22,281 | 76,681 |
| COCA COLA EUROPACIFIC PARTNERS | 14,338 | 40,797 |
| CLEARWAY ENERGY INC | 18,355 | 23,872 |
| CINTAS CORP | 9,459 | 47,248 |
| CHUBB LIMITED COM NPV | 17,218 | 67,505 |
| CERNTERPOINT ENERGY | 11,735 | 32,037 |
| CENTRAL JAPAN RY CO | 16,475 | 17,227 |
| AUTOZONE INC | 6,196 | 29,698 |
| DAIWA HOUSE INDUSTRY | 29,445 | 44,946 |
| AUTOMATIC DATA PROCESSING | 17,369 | 47,802 |
| ASTRAZENECA ADR | 24,731 | 43,326 |
| AJINOMOTO ADR | 5,622 | 11,284 |
| AIR LEASE CORP | 6,747 | 25,911 |
| AGNICO EAGLE | 6,527 | 17,958 |
| AGILENT TECHNOLOGIES | 5,973 | 10,385 |
| AGCO INC UNSP | 12,512 | 15,832 |
| AGCO CORP COM | 7,145 | 17,434 |
| AFLAC INC COM | 11,185 | 42,395 |
| AEGON NV NY REGISTRY SHS | 2,650 | 8,203 |
| ACS ACTIVIDADES DE CONSTRUCCION | 13,503 | 52,751 |
| ACCENTURE PLC | 17,373 | 34,671 |
| ACCELLERON INDUSTRIES | 1,009 | 5,895 |
| ABBVIE INC COM | 27,738 | 74,062 |
| ABB LTD SPON | 13,213 | 50,123 |
| ALCON | 11,868 | 23,924 |
| ALGONQUIN PWR UTILS CORP | 7,674 | 8,675 |
| ALPHABET INC | 63,452 | 210,419 |
| ASSOICATED BRITISH FOODS | 5,698 | 10,973 |
| ASPEN AEROGELS INC COM | 3,726 | 3,404 |
| ASMPT LTD UNSP | 1,601 | 2,086 |
| ASML HOLDING NV | 17,483 | 60,906 |
| ASHTEAD GROUP | 3,165 | 11,912 |
| ARRAY TECHNOLOGIES | 7,071 | 6,089 |
| ARGENX | 6,736 | 17,088 |
| APPLE INC | 45,168 | 325,400 |
| AON PLC SHS CL A COM | 7,787 | 18,195 |
| ANZ GROUP HOLDINGS | 15,847 | 31,677 |
| AMPHENOL CORP CLASS | 12,892 | 72,680 |
| AMGEN INC | 10,308 | 19,265 |
| AMERICAN INTERNATIONAL GROUP | 7,532 | 32,011 |
| AMERICAN EXPRESS | 15,577 | 64,115 |
| AMAZON.COM | 85,321 | 200,303 |
| DANAHER CORPORATION | 20,816 | 36,940 |
| COMPASS GROUP | 12,320 | 32,483 |
| DASSAULT SYSTEMES SPON | 1,600 | 2,100 |
| HEIDELBERG MATERIALS | 862 | 5,649 |
| HCA HEALTHCARE | 6,939 | 33,713 |
| HB FULLER COMPANY | 9,122 | 18,827 |
| GRAINGER WW | 4,745 | 21,845 |
| DARLING INGREDIENTS | 8,390 | 20,753 |
| FUJITSU UNSP | 8,565 | 24,684 |
| FIRST SOLAR INC | 6,059 | 29,963 |
| FERRARI NV EURO | 5,628 | 19,630 |
| HEXCEL CORP | 12,558 | 25,364 |
| HILTON WORLDWIDE | 9,442 | 40,750 |
| HITACHI ADR | 10,343 | 60,764 |
| HOME DEPOT | 21,012 | 70,395 |
| INTERCONTINENTAL HOTELS | 5,641 | 20,415 |
| INGERSOLL RAND | 6,108 | 25,037 |
| ING GROEP | 9,500 | 39,060 |
| INFORMA PLC | 8,452 | 20,916 |
| FERGUSON ENTERPRISES | 6,085 | 24,606 |
| IMPAX GLOBAL ENVIRON MARKETS | 221,180 | 376,346 |
| ICL GROUP LTD | 12,409 | 26,832 |
| HUBBELL INC | 6,051 | 24,505 |
| HSBC HLDGS | 7,791 | 18,541 |
| HONDA MOTOR | 11,167 | 15,107 |
| IDNDITEX | 2,483 | 6,003 |
| FEDEX CORP | 7,108 | 14,775 |
| GOLDMAN SACHA GROUP | 11,925 | 58,743 |
| DSV A S UNSPON | 7,672 | 25,508 |
| DNB BANK | 8,479 | 25,317 |
| DEUTSCHE TELEKOM AG SPON | 16,365 | 46,762 |
| DOVER CORP | 6,694 | 18,140 |
| DEUTSCHE POST ADR | 11,328 | 23,782 |
| EAST JAPAN RAILWAY ADR | 15,206 | 18,770 |
| EBAY INC | 1,865 | 4,914 |
| ELEMENT SOLUTIONS INC | 9,693 | 30,283 |
| ELEVANCE | 3,775 | 7,390 |
| ELI LILLY AND CO | 13,890 | 84,969 |
| DEUTSCHE BOERSE AG | 11,241 | 34,272 |
| ENPHASE ENERGY INC | 14,962 | 12,886 |
| DEERE & CO | 11,354 | 50,341 |
| FAST RETAILING | 9,178 | 24,619 |
| EVGO INC CL A COM | 4,300 | 3,935 |
| EQUIFAX INC | 3,176 | 7,262 |
| ESSILOR LUXOTTICA UNSPONSORED | 2,597 | 6,039 |
| EVERUS CONSTR GROUP | 1,440 | 3,685 |
| ENVIRI | 414 | 746 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PROLOGIS INC | AT COST | 15,243 | 27,331 |
| SIMON PROPERTY GROUP | AT COST | 7,944 | 22,346 |
| DIGITAL REALTY TRUST | AT COST | 14,390 | 25,104 |
| VORNADO REALTY TRUST | AT COST | 6,593 | 15,602 |
| KITE RLTY GROUP | AT COST | 7,013 | 14,745 |
| AMERICAN ASSETS TRUST | AT COST | 4,887 | 4,701 |
| MACERICH CO COM | AT COST | 994 | 2,298 |
| WELLTOWER INC | AT COST | 7,267 | 25,365 |
| IRON MTN INC | AT COST | 5,963 | 26,463 |
| PARAMOUNT GROUP INC | AT COST | 8,494 | 10,169 |
| DOUGLAS EMMETT INC | AT COST | 10,673 | 14,123 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CARTER LEDYARD & MILBURN LLP | 2,541,795 | 0 | 2,541,795 | |
| JAMS | 32,500 | 0 | 32,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK/PAYROLL FEES/TAXES | 866 | 0 | 866 | |
| OFFICE EXPENSE | 45,300 | 0 | 45,300 | |
| INSURANCE | 22,788 | 0 | 22,788 | |
| PRODUCTIONS FEES | 3,128 | 0 | 3,128 |
| Description | Amount |
|---|---|
| OTHER CHANGES IN NET ASSETS | 106,243 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 66,595 | 66,595 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 5,208 | 5,208 | 0 | |
| FEDERAL EXCISE TAXES | 31,692 | 0 | 0 |