| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 7,452 | 0 | 0 | 7,452 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERN EXPRESS CO SR NTS 1.65% 11/04/2026 DTD 11/04/2021 20,000 QTY | 19,637 | 19,637 |
| ASTRAZENECA FIN LLC 1.2% 05/28/2026 DTD 05/28/2021 22,000 QTY | 21,775 | 21,775 |
| AT&T INC SR NTS 1.7% 03/25/2026 DTD 03/23/2021 20,000 QTY | 19,899 | 19,899 |
| AUTOZONE INC SR NTS 5.05% 07/15/2026 DTD 07/21/2023 19,000 QTY | 19,107 | 19,107 |
| AVALONBAY COMMUNITIES SR NTS MTN 2.95% 05/11/2026 DTD 05/11/2016 16,000 QTY | 15,942 | 15,942 |
| BAT INTL FIN PLC 1.668% 03/25/2026 DTD 09/25/2020 20,000 QTY | 19,890 | 19,890 |
| BERRY GLOBAL INC SR NTS 1.57% 01/15/2026 DTD 10/19/2021 20,000 QTY | 19,980 | 19,980 |
| BK OF AMER CORP SR NTS MTN 3.5% 04/19/2026 DTD 04/19/2016 32,000 QTY | 31,959 | 31,959 |
| BOEING CO SR NTS 2.25% 06/15/2026 DTD 05/18/2016 20,000 QTY | 19,823 | 19,823 |
| BOOKING HOLDINGS INC SR NTS 3.6% 06/01/2026 DTD 05/23/2016 19,000 QTY | 18,976 | 18,976 |
| CAMPBELLS COMPANY/THE SR NTS 5.3% 03/20/2026 DTD 03/21/2024 19,000 QTY | 19,044 | 19,044 |
| CITIGROUP INC SR NTS 3.4% 05/01/2026 DTD 05/02/2016 19,000 QTY | 18,964 | 18,964 |
| CMS ENERGY CORP SR NTS 3.0% 05/15/2026 DTD 05/05/2016 20,000 QTY | 19,928 | 19,928 |
| CONSTELLATION BRANDS INC 3.7% 12/06/2026 DTD 12/06/2016 19,000 QTY | 18,952 | 18,952 |
| CROWN CASTLE INC SR NTS 3.7% 06/15/2026 DTD 05/06/2016 20,000 QTY | 19,954 | 19,954 |
| CVS HEALTH CORP SR NTS 2.875% 06/01/2026 DTD 05/25/2016 20,000 QTY | 19,899 | 19,899 |
| DOMINION ENERGY INC SR NTS 1.45% 04/15/2026 DTD 04/05/2021 20,000 QTY | 19,851 | 19,851 |
| DUKE ENERGY CORP SR NTS 2.65% 09/01/2026 DTD 08/12/2016 12,000 QTY | 11,898 | 11,898 |
| ENBRIDGE INC 5.9% 11/15/2026 DTD 11/09/2023 10,000 QTY | 10,145 | 10,145 |
| EXELON CORP SR NTS 3.4% 04/15/2026 DTD 04/07/2016 19,000 QTY | 18,963 | 18,963 |
| FEDEX CORP 3.25% 04/01/2026 DTD 03/24/2016 19,000 QTY | 18,959 | 18,959 |
| FISERV INC SR NTS 3.2% 07/01/2026 DTD 06/24/2019 20,000 QTY | 19,913 | 19,913 |
| GEN MOTORS FINL CO SR NTS 5.4% 04/06/2026 DTD 04/06/2023 19,000 QTY | 19,066 | 19,066 |
| GILEAD SCIENCES INC SR NTS 3.65% 03/01/2026 DTD 09/14/2015 19,000 QTY | 18,992 | 18,992 |
| GOLDMAN SACHS GROUP INC SR NTS 3.5% 11/16/2026 DTD 11/16/2016 21,000 QTY | 20,927 | 20,927 |
| HP ENTERPRISE CO SR NTS 1.75% 04/01/2026 DTD 07/17/2020 20,000 QTY | 19,870 | 19,870 |
| INTUIT INC SR NTS 5.25% 09/15/2026 DTD 09/15/2023 9,000 QTY | 9,076 | 9,076 |
| JOHN DEERE CAP CORP SR NTS MTN 4.75% 06/08/2026 DTD 06/08/2023 19,000 QTY | 19,074 | 19,074 |
| KRAFT HEINZ FOODS CO 3.0% 06/01/2026 DTD 08/19/2016 17,000 QTY | 16,925 | 16,925 |
| KROGER CO SR NTS 3.5% 02/01/2026 DTD 01/15/2016 19,000 QTY | 18,987 | 18,987 |
| LINDE INC/CT 3.2% 01/30/2026 DTD 09/24/2015 19,000 QTY | 18,988 | 18,988 |
| LOWE'S COS INC SR NTS 4.8% 04/01/2026 DTD 03/30/2023 19,000 QTY | 19,024 | 19,024 |
| MARRIOTT INTL SR NTS 3.125% 06/15/2026 DTD 06/10/2016 20,000 QTY | 19,924 | 19,924 |
| MORGAN STANLEY SR NTS MTN 3.875% 01/27/2026 DTD 01/27/2016 29,000 QTY | 28,996 | 28,996 |
| NORFOLK SOUTHERN CORP 2.900% 06/15/2026 DTD 06/03/2016 20,000 QTY | 19,923 | 19,923 |
| ORACLE CORP SR NTS 2.65% 07/15/2026 DTD 07/07/2016 20,000 QTY | 19,835 | 19,835 |
| PHILLIPS 66 1.3% 02/15/2026 DTD 11/18/2020 4,000 QTY | 3,985 | 3,985 |
| PNC FINL SERVICES SR NTS 2.6% 07/23/2026 DTD 07/23/2019 15,000 QTY | 14,895 | 14,895 |
| QUEST DIAGNOSTICS INC SR NTS 3.45% 06/01/2026 DTD 05/26/2016 20,000 QTY | 19,953 | 19,953 |
| REP SERVICES INC SR NTS 2.9% 07/01/2026 DTD 07/05/2016 21,000 QTY | 20,899 | 20,899 |
| ROYAL BK OF CANADA SR NTS MTN 1.2% 04/27/2026 DTD 04/27/2021 15,000 QTY | 14,873 | 14,873 |
| SOUTHN CO GAS CAP 3.25% 06/15/2026 DTD 05/18/2016 20,000 QTY | 19,929 | 19,929 |
| ST STR CORP SR NTS 2.65% 05/19/2026 DTD 05/19/2016 20,000 QTY | 19,915 | 19,915 |
| STRYKER CORP SR NTS 3.5% 03/15/2026 DTD 03/10/2016 19,000 QTY | 18,982 | 18,982 |
| SYSCO CORP 3.3% 07/15/2026 DTD 04/01/2016 20,000 QTY | 19,930 | 19,930 |
| TAKE-TWO INTERACTIVE SOF SR NTS 5.0% 03/28/2026 DTD 04/14/2023 19,000 QTY | 19,042 | 19,042 |
| TYSON FOODS INC SR NTS 4.0% 03/01/2026 DTD 02/19/2019 19,000 QTY | 18,995 | 18,995 |
| UNITEDHEALTH GROUP INC SR NTS 4.75% 07/15/2026 DTD 07/25/2024 19,000 QTY | 19,080 | 19,080 |
| US BANCORP SR NTS MTN 2.375% 07/22/2026 DTD 07/22/2016 10,000 QTY | 9,927 | 9,927 |
| VMWARE LLC SR NTS 1.4% 08/15/2026 DTD 08/02/2021 20,000 QTY | 19,704 | 19,704 |
| WELLS FARGO & CO SR NTS 3.0% 04/22/2026 DTD 04/22/2016 22,000 QTY | 21,939 | 21,939 |
| WELLTOWER OP LLC 4.25% 04/01/2026 DTD 03/01/2016 19,000 QTY | 19,001 | 19,001 |
| WILLIAMS COMPANIES INC SR NTS 5.4% 03/02/2026 DTD 03/02/2023 19,000 QTY | 19,041 | 19,041 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF (XLY) 8,895.076 SHS | FMV | 1,062,161 | 1,062,161 |
| CONSUMER STAPLES SELECT SECTOR SPDR ETF (XLP) 6,346.345 SHS | FMV | 492,984 | 492,984 |
| FINANCIAL SELECT SECTOR SPDR ETF (XLF) 15,881.533 SHS | FMV | 869,832 | 869,832 |
| HEALTH CARE SELECT SECTOR SPDR ETF (XLV) 6,095.646 SHS | FMV | 943,142 | 943,142 |
| INDUSTRIAL SELECT SECTOR SPDR ETF (XLI) 5,462.111 SHS | FMV | 847,438 | 847,438 |
| MATERIALS SELECT SECTOR SPDR ETF(XLB) 3,781.086 SHS | FMV | 171,472 | 171,472 |
| TECHNOLOGY SELECT SECTOR SPDR ETF (XLK) 15,325.433 SHS | FMV | 2,206,403 | 2,206,403 |
| UTILITIES SELECT SECTOR SPDR ETF (XLU) 4,636.050 SHS | FMV | 197,913 | 197,913 |
| VANGUARD INDEX FUNDS S&P 500 ETF (VOO) 11,011,598 SHS | FMV | 6,905,703 | 6,905,703 |
| Description | Amount |
|---|---|
| TO ADJUST DONATED STOCK TO AGREE TO DONOR BASIS | 968,989 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL PROCESSING | 7,945 | 0 | 0 | 7,945 |
| INSURANCE | 2,761 | 0 | 0 | 2,761 |
| ASSOCIATION DUES | 10,975 | 0 | 0 | 10,975 |
| OFFICE EXPENSES | 9,201 | 0 | 0 | 9,201 |
| TELEPHONE | 698 | 0 | 0 | 698 |
| MEMBERSHIP FEES | 744 | 0 | 0 | 744 |
| FILING FEES | 512 | 0 | 0 | 512 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED GAIN ON INVESTMENTS | 1,821,260 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT CONSULTING SERVICES | 90,500 | 0 | 0 | 90,500 |
| PROGRAM CONSULTANTS | 102,335 | 0 | 0 | 102,335 |
| INVESTMENT ADVISORY FEE | 840 | 840 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 14,028 | 0 | 0 | 14,028 |