| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Alphabet, Inc. | 35,149 | 312,859 |
| Amazon | 98,468 | 434,634 |
| Bio-Techne Corp. | 46,604 | 101,094 |
| CBRE Group, Inc. | 37,673 | 223,980 |
| CoStar Group | 35,462 | 126,613 |
| Danaher Corp. | 80,081 | 216,100 |
| Ecolab | 55,128 | 137,560 |
| Emerson Electric | 84,612 | 199,080 |
| Intuitive Surgical | 50,307 | 214,084 |
| Johnson Johnson | 71,678 | 217,091 |
| Mastercard | 57,458 | 359,654 |
| Moodys | 36,390 | 183,395 |
| Procter Gamble | 51,480 | 114,648 |
| S P Global | 37,218 | 177,681 |
| Thermo Fisher Scientific | 72,563 | 192,377 |
| Veeva Systems | 148,776 | 194,657 |
| Visa, Inc. | 77,819 | 378,767 |
| Vulcan Materials Co. | 87,083 | 230,173 |
| Waste Connections | 61,642 | 181,147 |
| Guidewire Software | 40,392 | 144,727 |
| BP Plc | 149,925 | 191,015 |
| M T Bank Corp. | 169,202 | 241,776 |
| Manhattan Associates, Inc. | 83,292 | 123,050 |
| Microsoft Corp. | 189,987 | 354,493 |
| West Pharmaceutical Services, Inc. | 173,634 | 165,359 |
| Abbvie, Inc. | 122,101 | 205,641 |
| International Business Machines | 111,377 | 236,968 |
| Intuit, Inc. | 122,871 | 162,955 |
| Kinsale Capital Group, Inc. | 124,821 | 134,545 |
| Monolithic Power Systems, Inc. | 114,574 | 231,122 |
| Sherwin Williams Co. | 123,715 | 163,311 |
| HEICO Corporation | 88,580 | 326,644 |
| Amgen, Inc. | 121,789 | 130,924 |
| Chevron Corporation | 155,580 | 152,410 |
| Verizon Communications, Inc. | 154,080 | 162,920 |
| Asml Holdings Nv | 133,033 | 197,924 |
| Cadence Design Sys, Inc. | 161,851 | 199,426 |
| Copart, Inc. | 183,229 | 144,738 |
| Servicenow, Inc. | 189,072 | 191,028 |
| Tyler Technologies, Inc. | 167,918 | 146,626 |
| Uber Technologies, Inc. | 197,564 | 224,621 |
| Apple, Inc. | 160,015 | 180,787 |
| Booz Allen Hamilton Holding | 109,649 | 70,103 |
| Motorola Solutions, Inc. | 147,423 | 134,545 |
| Msci, Inc. | 98,816 | 98,108 |
| Netfix Company, Inc. | 116,100 | 114,668 |
| Procore Technologies, Inc. | 145,602 | 155,664 |
| Synopsys, Inc. | 157,685 | 131,522 |
| Pepsi, Inc. | 149,620 | 143,520 |
| Pfizer, Inc. | 160,219 | 149,400 |
| Stanley Black Decker, Inc. | 141,532 | 148,560 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|
| Description | Amount |
|---|---|
| Increase in Grants Payable | 50,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Management Fees | 72,000 | 72,000 | ||
| Miscellaneous | 371 | 371 |
| Description | Amount |
|---|---|
| Rounding | 2 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dent Fees | 83,405 | 83,405 | ||
| U.S. Trust Fees | 2,307 | 2,307 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Tax | 16,200 | |||
| Foreign Taxes | 1,281 | 1,281 |