| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PWC US TAX LLP | 25,200 | 12,600 | 0 | 12,600 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AVALONBAY COMMUNITY INC. (AVB) | 60,855 | 61,645 |
| BLACKROCK CORPORATE HIGH-YIELD FUND (HYT) | 520,545 | 502,932 |
| HOST HOTEL & RESORTS (HST) | 51,116 | 54,254 |
| ISHARES DECEMBER 2033 TERM ETF (IBDY) | 804,056 | 830,442 |
| ISHARES IBOXX HIGH-YIELD FUND (HYG) | 604,700 | 631,333 |
| PARK HOTELS AND RESORTS (PK) | 206,486 | 156,900 |
| PEBBLEBROOK HOTEL TRUST (PEB) | 259,146 | 264,898 |
| REGENCY CTRS CORP (REG) | 5,830 | 5,890 |
| SUMMIT HOTEL PROPERTIES (INN) | 246,408 | 208,424 |
| SUNSTONE HOTEL INVESTORS (SHO) | 11,317 | 10,653 |
| VANGUARD LONG-TERM INDEX FUND (VCLT) | 917,177 | 922,715 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RAMO LAW PC | 215 | 107 | 0 | 108 |
| MILBANK LLP | 17,359 | 8,680 | 0 | 8,679 |
| Description | Amount |
|---|---|
| NONDEDUCTIBLE EXPENSES | 4,652 |
| OTHER ADJUSTMENTS | 34,009 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DIRECT CHARITABLE ACTIVITY (SEE STATEMENT 11) | 13,698 | 0 | 0 | 13,698 |
| OTHER EXPENSES | 9,886 | 7,461 | 0 | 2,425 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| JPMORGAN (BROKERAGE) RETURN OF CAPITAL | 8,076 | 0 | 0 |
| BANK OF AMERICA (BROKERAGE) RETURN OF CAPITAL | 13,226 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2024 FEDERAL TAXES PAID | 352 | 0 | 0 | 0 |