| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting fees | 77,618 | 1,832 | 0 | 75,786 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 8301 E. Prentice Avenue | 2024-05-31 | 700,570 | SL | 39.000000000000 | 10,479 | 0 | 10,479 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990-PF, Part II, Line 13 | During the tax year, the organization received a Schedule K-1 from a U.S. partnership that reported indirect ownership interests in one or more Passive Foreign Investment Companies (PFICs) and/or Controlled Foreign Corporations (CFCs).The partnership has represented that it made elections under IRC 1295 (Qualified Electing Fund) or 1296 (Mark-to-Market), as applicable, and that it has complied with the reporting requirements of IRC 1298(f) by filing Form 8621 for each PFIC held.Pursuant to Treas. Reg. 1.1298-1(b)(2)(ii), the organization as an indirect U.S. shareholderis not required to file Form 8621 with respect to these PFIC holdings. The income items reported on Schedule K-1 are considered passive investment income and are not subject to unrelated business income tax (UBIT).In addition, the partnership made an election under Treas. Reg. 1.1411-10(g) with respect to its PFIC/QEF and CFC investments. This election affects the computation of net investment income under IRC 1411 for individual or trust partners only and has no impact on the organization's Form 990 or 990-T reporting, as the organization is exempt from tax under IRC 501(c)(3)In addition, the partnership reported transfers of property to foreign corporations and has represented that it filed Form 926 in accordance with IRC 6038B. The organization was not a direct transferor and, under Treas. Reg. 1.6038B-1(b)(3), is not required to file Form 926 separately.All income reported from this investment represents passive investment activity not subject to unrelated business income tax (UBIT). |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Charles Schwab fixed income | 862,824,459 | 862,824,459 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Charles Schwab equities | 562,288,012 | 562,288,012 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Guilford Capital Credit LP | FMV | 1,200,350 | 1,200,350 |
| Barings Capital Invst Corp | FMV | 1,019,028 | 1,019,028 |
| Palmer Square Opporunistic FD | FMV | 1,027,435 | 1,027,435 |
| Kayne Anderson BDC Inc | FMV | 2,683,884 | 2,683,884 |
| KA Credit Advisors Holding CO | FMV | 308,633 | 308,633 |
| Blackstone Real Estate Income | FMV | 5,280,548 | 5,280,548 |
| Starwood Real Estate Income | FMV | 2,303,203 | 2,303,203 |
| Orion Holdings-Mission related | FMV | 3,243,750 | 3,243,750 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 8301 E. Prentice Avenue | 700,570 | 10,479 | 690,091 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal fees | 1,903,295 | 0 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Other deposit | 6,116 | 0 | 0 |
| Other asset | 151,542 | 0 | 0 |
| Prepaid expense | 0 | 9,998 | 9,998 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dues and subscriptions | 29,335 | 0 | 0 | 29,335 |
| Office expenses | 25,148 | 0 | 0 | 25,148 |
| Information technology | 117,687 | 66,000 | 0 | 51,687 |
| Insurance | 922 | 0 | 0 | 922 |
| Penalties | 2,670 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other investment income - KA Credit Advisors | 5,736 | 0 | 0 |
| Other income | 1,200,000 | 0 |
| Description | Amount |
|---|---|
| Unrealized gain | 26,827,020 |
| Cash to Accrual Differences | 7,003,073 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment management fees | 940,826 | 940,826 | 0 | 0 |
| Consulting fees | 64,774 | 13,995 | 0 | 50,779 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| State income taxes | 1,247,482 | 0 | 0 | 0 |
| Federal income taxes | 141,880 | 0 | 0 | 0 |