2021-10-26T13:35:39-07:00 2020-12-31 113041037 KANDEL & COMPANY 6800 Jericho Turnpike Suite 206E Syosset NY 11791 990PF 2020-01-01 237000850 The Brunckhorst Foundation BRUN 9172826135 6800 Jericho Turnpike 206E Syosset NY 11791 Richard Todd Stravitz Trustee 2021-10-04 true Richard T Stravitz 999009999 Richard Kandel P00167249 9172826135 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z X 165975478 X 17800000 1407 1407 6367667 6361249 -221366 8469744 23947708 6362656 147266 147266 11266 11266 60000 15000 45000 643527 623527 20000 316154 2378 2333 1180591 638527 225865 7330000 7330000 8510591 638527 7555865 15437117 5724129 11 2111814 11072627 11072627 397407 381253 381253 1153016 1098664 1152591 54339546 61870789 68855267 78042278 75418632 81941222 750527 2389751 2572518 136794599 152231716 165975478 0 X 136794599 152231716 136794599 152231716 136794599 152231716 136794599 15437117 152231716 152231716 Various Publicly Traded Securities P 2020-01-01 2020-12-31 8469744 8691110 -221366 -221366 -221366 -221366 79565 79565 79565 175899 175899 96334 96334 false false false false false true true false true true NY true false true false false true N/A Richard Kandel 9172826135 6800 Jericho Turnpike-Suite 206E Syosset NY 11791 false false false false true false false false false false false false false false false false false false false false false false Susan S Kemp 910 Merchant Lee Place Manakin Sabot VA 231033049 Trustee 4.00 0 Barbara Brunckhorst 310 Wickham Glen Drive Richmond VA 23238 Trustee 4.00 0 Richard Todd Stravitz 2702 Monument Ave Richmond VA 23220 Trustee 4.00 0 Frank Brunckhorst III 7960 Sanderling Road Sarasota FL 34242 Trustee 0.00 0 Glen Besa 4896 Burnham Road North Chesterfield VA 23234 Grant Admin 20.00 73666 5636 Mark R Doran 459 Rivergate Drive Richmond VA 23238 Grant Admin 10.00 41600 3182 Ansley S Clarke 4480 Springfield Road Glen Allen VA 23060 Grant Admin 10.00 32000 2448 Kandel & Company 6800 Jericho Turnpike-Ste 206E Syosset NY 11791 Accounting Tax & Mang't 120000 Wells Fargo Advisors 5355 Town Center Road Boca Raton FL 33486 Advisory & Fin'l Mang't 583527 141843003 5892573 0 147735576 0 147735576 2216034 145519542 7275977 7275977 79565 79565 7196412 7196412 7196412 7555865 7555865 7555865 7196412 773530 647842 942128 2363500 7555865 0 7196412 359453 2722953 0 2722953 773530 647842 942128 359453 Barbara Brunckhorst X Planned Parenthood SW Central Flori 736 Central Ave Sarasota FL 34236 N/A PC General Purpose unless otherwise stated 250000 Southern Environmental Law Center 201 West Main St-Ste 14 Charlottesville VA 22902 N/A PC General Purpose unless otherwise stated 500000 Chesapeake Bay Foundation Inc 6 Herndon Avenue Annapolis MD 21403 N/A PC General Purpose unless otherwise stated 250000 Richmond SPCA 2519 Hermitage Road Richmond VA 23220 N/A PC General Purpose unless otherwise stated 200000 Center for Reproductive Rights Inc 199 Water Street-22nd FL New York NY 10038 N/A PC General Purpose unless otherwise stated 300000 Environmental Defense Fund Inc 257 Park Ave So-17th FL New York NY 10010 N/A PC General Purpose unless otherwise stated 350000 Earth Justice 50 California Street-Ste 500 San Francisco CA 94111 N/A PC General Purpose unless otherwise stated 425000 Tri County Humane Society 21287 Boca Rio Road Boca Raton FL 33433 N/A PC General Purpose unless otherwise stated 300000 American Rivers Inc 1101 14th Street NW-Ste 1400 Washington DC 20005 N/A PC General Purpose unless otherwise stated 200000 National Wildlife Federation 11100 Wildlife Center Drive Reston VA 20190 N/A PC General Purpose unless otherwise stated 100000 Natural Resources Defense Fund Inc 40 West 20th Street New York NY 10011 N/A PC General Purpose unless otherwise stated 225000 Nature Conservancy 4245 North Fairfax Drive-Ste 100 Arlington VA 22203 N/A PC General Purpose unless otherwise stated 400000 Conservation Fund 1655 N Fort Myers Drive-Ste 1300 Arlington VA 22209 N/A PC General Purpose unless otherwise stated 400000 Planned Parenthood-South Florida 2300 N Florida Mango Dr W Palm Beach FL 33409 N/A PC General Purpose unless otherwise stated 250000 Sierra Club Foundation 2101 Webster St-Ste 1250 Oakland CA 94612 N/A PC General Purpose unless otherwise stated 1260000 American Forests 1220 L Street NW-Ste 750 Washington DC 20005 N/A PC General Purpose unless otherwise stated 100000 Trust for Public Land 101 Montgomery Street-Ste 900 San Francisco CA 94104 N/A PC General Purpose unless otherwise stated 50000 Defenders of Wildlife 1130 17th Street NW Washington DC 20036 N/A PC General Purpose unless otherwise stated 100000 American Humane Association 1400 16th Street NW-Ste 360 Washington DC 20036 N/A PC General Purpose unless otherwise stated 300000 National Audubon Society Inc 225 Varick Street-7th Fl New York NY 10014 N/A PC General Purpose unless otherwise stated 100000 Ocean Conservancy 1300 19th Street NW-8th FL Washington DC 20036 N/A PC General Purpose unless otherwise stated 250000 Elephant Sanctuary in Tennessee PO Box 393 Hohenwald TN 38462 N/A PC General Purpose unless otherwise stated 200000 African Wildlife Foundation 1100 New Jersey Ave SE-Suite 900 Washington DC 20003 N/A PC General Purpose unless otherwise stated 120000 Humane Society of United States 1255 23rd Street NW-Ste 450 Washington DC 20037 N/A PC General Purpose unless otherwise stated 100000 Naral Pro-Choice America Foundation 1725 Eye St NW-Ste 900 Washington DC 20006 N/A PC General Purpose unless otherwise stated 200000 Oceana Inc 1025 Connecticut Ave NW-Ste 200 Washington DC 20036 N/A PC General Purpose unless otherwise stated 50000 Virginia League for Planned Parenth 201 N Hamilton Street Richmond VA 23221 N/A PC General Purpose unless otherwise stated 100000 National Parks Conservation Associa 777 6th Street NW-Ste 700 Washington DC 20001 N/A PC General Purpose unless otherwise stated 100000 Center for Biological Diversity Inc PO Box 710 Tucson AZ 85702 N/A PC General Purpose unless otherwise stated 100000 Greenpeace Fund Inc 702 H Street NW-Ste 300 Washington DC 20001 N/A PC General Purpose unless otherwise stated 50000 7330000 14 1407 14 6361249 6418 18 -221366 6141290 6418 6147708 4 Interest & Dividends on Tax Exempt Securities false false false false false false false false false false X X 1 Barbara Brunckhorst 2010 Trust 310 Wickham Glen Drive Richmond VA 23238 800000 X 2 Barbara Brunckhorst 310 Wickham Glen Drive Richmond VA 23238 17000000 X Kandel & Company-Accounting & Tax Prep 60000 15000 0 45000 Kandel & Company Accounting, Tax Preparation & Management Oversight Wells Fargo Advisors Investment advisory and financial management. HSBC Bank USA-5%,9/27/20 Jabil Circuit Inc-5.625%,12/15/20 Lincoln National Corp-6.25%,2/15/20 Nationwide Fin'l Svcs Inc-6.75%,5/15/87 174000 239246 Royal Bank of Scotland-5.65%,8/2/20 Luman Technologies Inc-6.45%,6/15/21 201700 204042 Ford Motor Credit-4.25%,9/20/22 201183 206432 GE Capital Corp-5.75%.2/15/23 31411 32961 Goldman Sachs Group-4.85%,5/15/22 50626 52509 Goldman Sachs Group-5%,5/15/22 82306 85081 Ingram Micro Inc-5%,8/10/22 504438 515860 Lloyds TSB Bank-6.5%,9/14/20 Morgan Stanlry-5.75%,1/25/21 50055 50149 Morgan Stanlry-4.875%,11/1/22 603764 646500 Weyerhaeuser Co-7.125%,7/15/23 44069 47292 Wyndham Worldwide-4.25%,3/1/22 200801 204500 American Tower-5%,2/15/24 203837 226358 Avon 7.%,3/15/23 306100 324360 Bank of America-5.2%,6/1/23 256275 260625 Citigroup Inc-5.95%,1/30/23 319664 314880 Citigroup Inc-3.5%,5/15/23 88866 107142 Citigroup Inc-5.35%,5/15/23 514400 520625 Citigroup Inc-5.5%,9/13/25 1721839 1964665 Ford Motor Co Debenture-7.125%,11/15/25 497826 515250 GE Capital Corp-5.55%,3/15/23 53320 55745 Genworth Holdings Inc-4.9%,8/15/23 999342 945000 Goldman Sachs Group-5.95%,1/15/27 1323480 1537871 Indiana Bell Tel-7.3%,8/15/26 283392 324222 International Game Tech-5.35%,10/15/23 458987 468000 JP Morgan Chase-6%,12/29/49 200663 212000 Jefferies Financial Group-5.5%,10/18/23 503116 550595 Lowes Companies-6.5%,3/15/29 118820 141892 Bank of America Corp-6.22%,9/15/26 1426058 1686526 Morgan Stanley-4.1%,5/22/23 288458 325569 Pacific Bell-7.125%,3/15/26 223900 252930 Petrobras Global-4.375%,5/20/23 596223 639600 Standard Chartered PLC-5.2%,1/26/24 303939 332082 Truist Financial Corp-6%,2/15/26 598324 683713 Wachovia Bank-6.605%,10/1/25 280788 318803 Glencore Finance Canada-4.25%,10/25/22 96158 106517 Zions Bancorp-7.2%,9/15/2023 102375 106500 Howmet Aerospace Inc-5.875%,2/23/22 305127 313875 Howmet Aerospace Inc-5.125%,10/1/24 281505 303829 Howmet Aerospace Inc-5.9%,2/1/27 193730 213694 Allegheny Technologies-7.825%,8/15/23 310076 328302 Assured Guaranteed-5%,7/1/24 846610 949138 Ball Corp-5%,3/15/22 201454 209250 Bank of America-4.2%,8/26/24 302539 335944 Bellsouth Tele-7%,10/1/25 384633 427972 Banque Populaire CE SA-5.7%,10/22/23 1238168 1358206 BPCE SA-5.15%,7/21/24 309710 341621 Buckeye Partners LP-4.15%.7/1/23 100300 102750 Buckeye Partners LP-4.35%.10/15/24 200660 204500 Cadence Design-4.375%,10/15/24 101059 112322 Citigroup Inc-6.3%,5/15/24 622320 650400 Citigroup Inc-4.3%,11/20/26 202426 232842 Constellation Brands-4.25%,5/1/23 501956 545020 Continental Resources-4.5%,4/15/23 175612 180442 DirectTV Holdings-4.45%,4/1/24 201690 212526 El Paso Pipeline Ptrs-4.3%,5/1/24 395119 442892 Enbridge Inc-3.5%,6/10/24 241417 271145 Edgewell Personal Care-4.7%,5/24/22 141282 145761 Flextronics Int'l Ltd-5%,2/15/23 506171 540735 First Energy Corp-4.25%,3/15/23 300420 316794 Freeport McMoran-3.875%,3/15/23 369434 391237 General Motors-4.875%,10/2/23 152449 166407 General Motors-4%,4/1/25 198305 221446 Genworth Holdings Inc-4.8%,2/15/24 211703 187000 Glencore Funding Regs-4.125%,5/30/23 100394 108145 Newmont Corp-3.7%,3/15/23 171353 183571 Goldman Sachs Group-5.1%,8/15/25 104677 116680 Goldman Sachs Group-5.25%,3/15/26 253170 285598 Goldman Sachs Group-5.25%,6/15/27 38752 42988 Goldman Sachs Group-6.065%,12/29/49 GTE California Inc-6.75%,5/15/27 348953 324710 Healthsouth Corp-5.75%,11/1/24 Icahn Enter Financial-5.875%,2/1/22 Jabil Circuit Inc-4.7%,9/15/22 302229 319614 Jefferies Group-5.125%,1/20/23 260066 278572 John Hancock Life-6%,11/15/27 33784 39295 JP Morgan Chase-5.639%,12/29/49 409996 392876 JP Morgan Chase-6.125%,12/29/49 433247 436000 Juniper Networks-4.5%,3/15/24 504870 557975 Kerr Megee Corp-6.95%,7/1/24 218144 205560 Kinder Morgan Energy-4.15%,2/1/24 201075 218972 L Brands Inc-5.625%,2/15/22 202727 207250 M&T Bank Corp-6.45%,12/29/49 221745 221500 Macy's Retail Holdings-6.79%,7/15/27 160291 130264 Morgan Stanley-5.913%,12/29/49 519816 496400 Morgan Stanley-5%,11/24/25 1006085 1165447 Motorola Inc-6.5%,9/1/25 110190 116499 Murphy Oil Corp-4%,6/1/22 541579 550748 Bank of America Corp-7.25%,10/15/25 220225 254096 Noble Holding Int'l-3.95%,3/15/22 392432 7000 Nustar Logistics-4.75%,2/1/22 101035 101500 Old Republic Int'l-4.875%,10/1/24 205049 228024 Oneok Partners LP-5%,9/15/23 204553 219848 QVC-4.85%-4/1/24 306850 323250 Qwest Diagnostic-4.25%-4/1/24 251687 276602 Cooperatieve Rabobank UA-4.625%,12/1/23 101430 111455 Seagate HDD Cayman-4.75%,6/1/23 101877 108015 Seagate HDD Cayman-4.75%,1/1/25 254748 272032 Societe Generale-5%,1/17/24 461304 496721 Southtrust Bank-6.565%,12/15/27 171404 190552 Steel Dynamics-5.25%,4/15/23 Stifel Financial-4.25%,7/18/24 251641 280877 Synchrony Financial-4.25%,8/15/24 202006 220984 Tesoro Corp-5.375%,10/1/22 Time Warner Enter-8.375%,3/15/23 105650 116887 Toll Brothers Fin'l-5.875%,2/15/22 101412 104000 Toll Brothers Finance-4.375%,4/15/23 200713 212250 Toll Brothers Finance-5.625%,1/15/24 204744 221000 Union Carbide-7.5%,6/1/25 90241 100314 URS Corp-5%,4/1/22 Verisign Inc-4.625%,5/1/23 400135 403500 Wells Fargo-5.9%,12/29/49 328100 318375 Williams Co-3.7%,1/15/23 631654 688564 Zions Bancorp-4.5%,6/13/23 100979 108316 Alexandra Real Estate-4.5%,7/30/29 75935 91553 Alltel Corp-6.8%,5/1/29 116539 128122 Ameritech Capital-6.55%,1/15/28 475042 522988 Apache Corp-5.25%,2/1/42 216453 215568 AT & T-6.5%,3/15/29 370529 421851 Baker Hughes-6.875%,1/15/29 232150 263348 Ball Corp-4%,11/15/23 199754 213000 Bank of America-3.95%,4/21/25 249453 281822 Bank of America-4.25%,10/22/26 650723 762430 Barclays Bank-4.375%,9/11/24 101515 111261 Bed Bath Beyond-5.165%,8/1/44 213569 172000 Bell Atlantic Pennsylvania-6%,12/1/28 405998 457852 Bellsouth Tele-6.375%,6/1/28 421533 479048 Block Financial-5.25%,10/1/25 253447 285870 Citigroup Inc-4.45%,9/29/27 960941 1123033 Tapestry Inc-4.25%,4/1/25 495987 536415 Conagra Foods-7.125%,10/1/26 446949 512800 Constellation Brands-4.75%,11/15/24 45809 51668 Cox Communications-6.8%,8/1/28 260551 293100 Deutsche Bank AG-4.5%,4/1/25 199259 216966 Enbridge Inc-4%,10/1/23 193898 217544 Energy Transfer Ptrs-4.05%,3/15/25 96412 109700 Expedia Inc-4.5%,8/15/24 202520 218384 Macy's Inc-6.9%,4/1/29 351060 269523 Bank of America Corp-6.875%,1/15/28 172968 197976 FMC Tech Inc-3.45%,10/1/22 94640 102922 Ford Motor Co-6.625%,10/1/28 914492 939960 Ford Motor Co-6.625%,2/15/28 467356 460636 General Motors Fin Co-4.3%,7/13/25 700922 784791 Goldman Sachs Group-5.5%,6/15/30 81629 93577 Goldman Sachs Group-5%,11/15/30 56008 64475 Verizon Communications Inc-6.94%,4/15/28 458410 526264 GTE Florida Inc-6.86%,2/1/28 54070 51420 Harcourt General Inc-7.2%,8/1/27 114289 124140 Hexcel Corp-4.7%,8/15/25 101594 112264 Hess Corp-3.5%,7/15/24 188982 210412 Service PPTYS Tr-4.65%,3/15/24 202145 198000 Husky Energy-4%,4/15/24 195514 214340 Ingersoll Rand-6.13%,11/18/27 168637 187614 Kohls Corp-4.25%,7/17/25 598348 648804 L-3 Communications-3.95%,5/28/24 97014 106525 Macy's Retail Hldg-6.7%,9/15/28 565185 457500 Morgan Stanley-3.95%,4/23/27 315212 376905 Motorola inc-7.5%,5/15/25 111183 120461 Murphy Oil Corp-4.45%,12/1/22 233756 253750 Nabors Industries-5.1%,9/15/23 454544 283500 Natural Fuel Gas-3.75%,3/1/23 96557 104974 Verizon Communications Inc-6.5%,4/15/28 785025 868476 Oklahoma G & E-6.5%,4/15/28 225979 260480 Oneok Partners LP-4.9%,3/15/25 605570 682428 Freeport McMoran Inc-7.125%,11/1/27 114907 119250 Reliance Steel-4.5%,4/15/23 186565 199600 NatWest Group PLC-6%,12/19/23 105641 114286 Southtrust Bank NA-6.125%,1/9/28 108789 119215 Southwestern Energy-4.1%,3/15/22 99292 100500 Southwestern Energy-6.2%,1/23/25 357202 364000 Spectra Energy Partners-3.5%,3/15/25 94181 110268 Tennessee Gas PL-7%,10/15/28 225003 260712 Time Warner Inc-6.625%,5/15/29 346889 372918 Transalta Corp-4.5%,11/15/22 99921 103750 United Tel Co Fla Inc-7.125%,7/15/23 106546 110845 Unumprovident Corp-6.75%,12/15/28 69825 75765 Qwest Corp-7.25%,9/15/25 109472 118250 Marathon Oil Corp-8.125%,7/15/23 268779 287149 Viacom Inc-3.875%,4/1/24 97103 109315 Viacom Inc-4.25%,9/1/23 199264 217736 Weyerhaeuser Co-6.95%,10/1/27 664154 756561 Willamette Industries-7.35%,7/1/26 113679 125067 Williams Partners-4.5%,11/15/23 300455 330756 Worthington Industries-4.55%,4/15/26 301724 341412 Wyndham Worldwide-3.9%,3/1/23 97896 102000 XLIT Ltd-4.45%,3/31/25 1016846 1141190 Bank of Nova Scotia-4.5%,12/16/25 854980 991049 DXC Technology Co-7.45%,10/15/29 117802 130743 Halliburton Co-3.8%,11/15/25 96487 112152 HP Enterprises-4.9%,10/15/25 204469 233992 Keycorp-5%,12/29/49 208207 216800 KLA-Tencor Corp-4.65%,11/1/24 506369 569115 Kohls Corp-4.75%,12/15/23 101391 106944 Lloyds Banking Group-4.65%,3/24/26 151145 172634 Macy's Retail Holdings-3.625%,6/1/24 95432 95000 Mosaic Co-7.5%,11/15/23 199694 218292 Nomura SU Note-3.25%,3.25%,4/30/30 Royal Bank Canada-4.65%,1/27/26 305747 354159 Banco Santander SA-5.179%,11/19/25 203786 234518 Wells Fargo & Co-5.875%,12/29/49 111973 113375 Wynn Las Vegas-5.5%,3/1/25 797646 835000 Assured Guaranteed-7%,6/1/34 116611 134564 Brinker Int'l 5%,10/1/24 256090 260625 Citigroup Inc-4.125%,7/25/28 74427 87726 General Motors Fin Co-5.75%,12/31/49 631840 624000 Hess Corp-4.3%,4/15/27 100447 110247 Macy's Retail Hldg-4.375%,9/1/23 200286 193642 Macy's Retail Holdings-6.65%,7/15/24 104518 97500 Nordstrom Inc-6.95%,3/15/28 942763 966858 Truist Financial Corp-5.05%,12/31/49 107274 101500 Abbvie Inc-4.25%,11/14/28 543134 659400 American Int'l Group-4.2%,4/1/28 295203 356139 Anheuser Busch Unbev-4%,4/13/28 880852 1061064 Assurant Inc-4.9%,3/2728 104035 114867 AT & T Inc-4.3%,2/15/30 100124 119454 Axis Specialty Finance-4%,12/6/27 244101 278750 Bank of America-4.45%,3/3/26 101061 116555 Bank of America-4.183%,11/25/27 444779 522040 Best Buy-4.45%,10/1/28 390475 478584 Boston Properties LP-4.5%,12/1/28 254152 299010 Brookfield Finance-4.25%,6/2/26 99751 116322 Brookfield Finance-3.9%,1/25/28 97230 114742 CA Inc-4.7%,3/15/27 459997 515295 Campbell Soup Co-4.15%,3/15/28 100926 117613 Capital One Fin'l-4.2%,10/29/25 99802 114171 Capital One Fin'l-3.75%,7/28/26 96691 113447 Celgene Corp-3.9%,2/20/28 290300 340596 Centerpoint Energy-6.125%,12/5/58 258137 261875 Citigroup Inc-6.625%,1/15/28 114124 132174 Citrix Systems Inc-4.5%,12/1/27 201444 235184 CNA Financial Corp-4.5%,3/1/26 303703 352920 Credit Suisse Group-4.82%,1/9/28 249292 288904 CVS Health Corp-4.3%,3/25/28 351858 416486 Dell International LLC-6.02%,6/15/26 205763 243990 Delta Air Lines-6.718%,7/2/24 34680 25337 Ebay Inc-3.6%.6/5/27 94705 113326 Equifax Inc-6.9%,7/1/28 495461 555041 Express Scripts H-4.5%,2/25/26 101508 115952 Express Scripts H-3.4%,3/1/27 188220 219224 Bank of America Corp-6.7%,7/15/28 340811 398376 Fluor Corp-4.25%,9/15/28 590655 598518 Ford Motor Co-4.346%,12/8/26 150930 159750 Ford Motor Co-6.375%,2/1/29 111979 112280 General Motors-4.2%,10/1/27 99526 113314 Goldman Sachs Group-3.75%,2/25/26 97103 113595 Goldman Sachs Group-5.3%,12/29/49 104086 109222 Goldman Sachs Group-3.85%,1/26/27 240626 285300 Glencore Funding Regs-4%,3/27/27 191578 226236 Janis Capital Group Inc-4.875%,8/1/25 197726 230242 JP Morgan Chase-4.25%,10/1/27 100168 118586 JP Morgan Chase-3.625%,12/1/27 333349 397789 Kroger Co-3.7%,8/1/27 96089 114967 Lennar Corp-4.75%,5/30/25 100388 114250 Lloyds Banking Group-4.582%,12/10/25 101553 114373 Morgan Stanlry-6.25%,8/9/26 770210 893130 Netflix Inc-5.75%,3/1/24 104360 112000 Nordstrom Inc-4%,3/15/27 98401 99115 Old Republic Int'l-3.875%,8/26/26 96746 114865 Sysco Corp-6.5%,8/1/28 114300 123791 Reynolds American Inc-4.45%,6/12/25 99049 113900 T-Mobile USA Inc-5.375%,4/15/27 71610 75506 Toll Brothers Finance-4.875%,11/15/25 100995 112250 Transcanada Pipelines Ltd-4.25%,5/15/28 99415 118115 Vodafone Group-4.375%,5/30/28 395433 479064 Wells Fargo-4.3%,7/22/27 627273 732362 Welltower Inc-4.25%,4/15/28 250437 292217 Phillips 66-3.9%,3/15/28 97081 115148 Cardinal Health Inc-7%,10/15/26 109781 128952 Altria Group Inc-4.8%,2/14/29 204441 239620 Anheuser Busch Unbev-4.9%,1/23/31 102744 127377 GE Capital Corp-6.75%,3/15/32 202219 245360 Kroger Co-4.5%,1/15/29 202224 246348 Sempre Energy-3.8%,2/1/38 196680 231660 Vodafone Group5%,5/30/38 108196 130844 Nextera Energy Inc 410643 617200 Entergy Arkansas-4.9%,12/1/52 Nextera-5.125%,11/15/72 Pfizer Inc 628805 736200 Truist Financial Corp-5.2%-Pfd F 221973 230850 PNC Financial Services-5.375%-Pfd O Wells Fargo Global Notes PFD O-5.125% 341340 363440 Duke Energy Corp-5.125%,1/15/73 125000 134300 Entergy Louisiana LLC-4.7%,6/1/63 Nextera Energy Cap-5%,1/15/73 Prudential Fin'l-5.7%,3/15/53 Qwest Corp-6.125%-6/1/53 Berkley WR Corp-5.625%,4/30/53 Zions Bancorp PFD-6.95%,9/15/28 252646 277700 Truist Financial Corp-5.2%,Pfd G 175492 177800 Citigroup Inc-PFD K-6.875% 125000 143550 Citigroup Inc-PFD J-7.125% 250000 284400 Morgan Stanley PFD F-6.875% 375000 427500 Morgan Stanley PFD E-7.125% 375000 441150 Public Storage PFD W-5.2% Public Storage PFD X-5.2% SCE Trust II PFD G-5.1% 137997 149995 US Bancorp-5.15%-PFD H 390083 400320 Wells Fargo & Co PFD Q-5.85% 324701 349050 Qwest Corp-6.875%-10/1/54 Commerce Bancshares-6.2%-Pfd B Morgan Stanley-6.625%-Pfd G Northern Trust PFD C-5.85% Wells Fargo & Co PFD T-6% SCE Trust IV PFD J-5.375% 211946 217980 Southern Co-6.25%,10/15/75 Capital One Fin'l-Pfd F-6.2% Schwab Charles Pfd C-6% 227383 228870 JP Morgan Chase PFD AA-6.1% 125000 128750 JP Morgan Chase PFD Y-6.125% JP Morgan Chase PFD BB-6.15% 125000 129600 Wells Fargo & Co PFD V-6% Bank of Oklahoma-5.375%,6/30/56 50000 50860 Entergy Arkansas-4.875%,9/1/66 483721 538080 Entergy Louisiana LLC-4.875%,9/1/66 391738 430080 Entergy Mississippi-4.9%,10/1/66 712954 780680 Legg Mason Inc-5.45%,9/15/56 125000 128050 Nextera Energy Cap-K-5.25%,6/1/76 1185429 1262400 Southern Co-6.25%,10/1/76 713192 778940 Axis Cap Holdings-Pfd E-5.5% 450656 492100 Bank of America-Pfd EE-6% 125000 126700 Bank of America-Pfd CC-6.2% 125000 124950 Capital One Fin'l-Pfd G-5.2% 1058899 1166880 Capital One Fin'l-Pfd B-6% Capital One Fin'l-Pfd H-6% 125000 132200 Citigroup Inc-6.3%-PFD S 253588 255600 Gabelli Div & Inc Tr-PFD G-5.25% 124106 129408 Gabelli Utility Tr PFD C-5.375% 480037 492860 Goldman Sachs Group-PFD N-6.3% 331172 344760 Public Storage PFD E-4.9% 247454 261600 Wells Fargo & Co PFD W-5.7% 223206 230400 Wells Fargo & Co PFD X-5.5% 711825 760960 AT & T Inc-5.35%,11/1/66 1387992 1603980 Georgia Power Co-5%,10/1/77 255585 285500 Southern Co-5.25%,12/1/77 298510 327720 Stifel Fin'l-5.2%,10/15/47 50000 52500 Abbott Labs 345942 591246 Cisco Systems Inc 604776 626500 McDonalds Corp 201913 214580 Alabama Power Co-5%-Pfd A 321339 363350 Arch Cap Group-5.45%-Pfd F 126626 132500 First Republic Bank PFD H-5.125% 620692 674500 Kimco Realty Corp PFD M- 5.25% 125000 133050 Morgan Stanley PFD K-585% 831893 952050 Morgan Stanley PFD I-6.375% 250000 287000 PS Business Parks-5.7%-Ser Y 528676 548100 Public Storage PFD D-4.95% 372577 390750 Public Storage PFD G-5.05% 125000 136750 Public Storage PFD F-5.15% 501506 534200 SCE Trust VI-5% Pfd L 317047 323476 Vornado Realty Trust-5.7%-Pfd K 153750 150960 Wells Fargo & Co PFD Y-5.65% 399376 427840 AT & T Inc-5.35%,11/1/66 250000 276200 Brunswick Corp-6.5%,10/15/48 100000 107280 Brunswick Corp-6.625%,1/15/49 1124354 1219500 CMS Energy Corp-10/15/78-5.875% 250000 284000 Duke Energy Corp-5.625%,9/15/78 1162168 1352190 Ebay Inc PFD-6%,2/1/56 357291 369320 Enbridge Inc PFD B-6.375%,4/15/78 250000 269000 Prudential Fin'l-5.625%,8/15/58 596766 684480 Unum Group-6.25%,6/15/58 200000 221200 Berkley WR Corp-5.7%,3/30/58 125000 139950 Allianzgi-5.625%,Pfd A 550910 584100 Allstate Corp Dep 1/1000 G 830086 936210 Apollo Global Mgmt-6.375% B 381295 409200 Bank of America-Pfd HH-5875% 919413 1019350 Bank of America-Pfd GG-6% 479350 528010 Firat Republic Bank-PFD P-5.5% 365937 415200 Hartford Fin'l Services-PFD G-6% 1271603 1449500 JP Morgan Chase PFD DD-5.75% 1997097 2231140 Keycorp PFD F-5.65% 1000429 1138980 MetLife Inc PFD E-5.625% 1468625 1667930 Nisource Inc Ser B-6.5% 603606 683760 Renaissancere Hldgs PFD F-5.75% 373188 426300 State Street Corp-5.35%-Pfd G 320072 376480 US Bancorp-5.5%-PFD K 759142 868945 Apple Inc 761802 1326900 AT&T Inc 112468 86280 Coca-Cola Co Deere & Co 238202 269050 Goldman Sachs Group 358770 395565 Home Depot Inc 470875 531240 IBM Corp 632505 629400 Mastercard Inc-CL A 616691 847732 Microsoft Corp 921889 1112100 National Retail Properties 109272 81840 Starbucks Corp 246928 320940 Walmart Stores 346113 432450 Aegon Funding Co-Pfd 250000 275800 Affiliated Managers Group 125000 138750 American Int'l Group-Pfd A 430744 479060 Air Lease Corp-Pfd A 228091 235800 Allstate Corp-Pfd 250000 275800 Allstate Corp-Pfd H 253506 279500 American EQ Inv-Pfd 75000 78060 American Financial Group-Pfd 250000 277400 Aspen Insurance Hlds-Pfd E 50000 52520 AT&T Inc-Pfd 500000 542800 Athene Holdind Ltd-Pfd A-6.35% 125000 145900 Equitable Holdings PFD A-5.25% 250000 266400 Bank of America-Pfd KK-5.375% 503106 546200 Bank of America-Pfd LL-5% 125000 136400 Berkley WR Corp-Pfd 250000 269300 Brighthouse Financial-Pfd A-6.6% 125000 139000 Brunswick Corp-6.375%,4/15/49 125000 135600 Capital One Fin'l-Pfd P-5% 100000 106360 CIT Group-Pfd B-5.625% 125000 133800 Citzens Fin'l Group-Pfd-5% 250000 267300 Citzens Fin'l Group-Pfd D-6.35% 125000 144200 CMS Energy Corp 758212 837300 Duke Energy Corp PFD-5.75% 250000 285100 First Republic Bank PFD J-4.7% 250000 264900 Ford Motor Co-Pfd-6%,12/1/59 500000 540600 Ford Motor Co-Pfd-6.2%,6/1/59 504306 543000 Goldman Sachs Group PFD J-5.5% 105763 109320 JP Morgan Chase PFD EE-6% 480332 541120 Highland Income Fd-5.375% 250000 262400 Keycorp-PFD G-5.625% 50000 55780 Nexterra Energy Capital-5.65%,3/1/79 250000 284100 PS Business Parks PFD-4.875% 250000 273900 Public Storage PFD H-5.6% 352006 403060 Public Storage PFD J-4.7% 250000 275300 Public Storage PFD K-4.75% 125000 141700 Sempra Energy-5.75%,7/1/79 351406 398020 Spire Inc-Pfd A 100000 110960 Stifel Fin'l Corp PFD B-6.25% 77953 83460 SVB Financial Group PFD-5.25% 250000 268800 3-M Company 518642 524370 Abbvie Inc 190650 214300 Affiliated Mangers Group 250000 263700 Amazon.Com 663027 651386 American Equity Inv 250000 272600 Amgen Inc 478823 459840 Astrazeneca PLC 161484 149970 AT&T Inc-Pfd-4.75% 500000 535200 Berkley WR Corp-4.25%,9/30/2060 12500 13140 Brighthouse Financial-Pfd A-6.75% 250000 283800 Capital One Fin'l-Pfd K-4.625% 125000 129050 Capital One Fin'l-Pfd J-4.8% 500000 520000 Cardinal Health Inc 108457 107120 Caterpillar Inc 229900 364040 Chevron Corp 260650 253350 Colgate Palmolive Co 196971 196673 Conagra Brands Inc 72040 72520 Cummins Inc 436935 454200 Diageo PLC 163187 158810 DTE Energy Pfd-4.375%,10/15/2080 500000 542800 Emerson Electric Co 204225 241110 Exxon Mobil 421008 412200 Freeport McMoran 72855 78060 Gilead Science 85605 87390 Illinois Tool Works Inc 198213 203880 International Paper Co 199039 198880 Johnson & Johnson 149600 157380 JP Morgan Chase 385672 508280 Lockheed Martin Corp 190977 177490 Merck & Co 157627 163600 MetLife Inc PFD F-4.75% 250000 272000 MetLife Inc 227840 281700 Proctor & Gamble Co 249192 250452 Public Storage PFD L-4.625% 250000 271400 Public Storage PFD N-3.875% 250000 258200 Qualcomm Inc 196445 304680 Southern Co PFD 4.2%,10/15/60 250000 269200 Southern Co PFD 4.95% 250000 274000 Target Corp 86085 88265 Truist Financial Corp PFD-4.75% 250000 276700 Truist Financial Corp PFD 5.25% 250000 278200 Unilever PLC 185499 181080 US Bancorp PFD L-3.75% 250000 252300 Verizon Communications Inc 176700 176250 Viatris Inc 34483 46494 1098664 1152591 JP Morgan Equity Inc A AT COST 183832 337838 Entergy Arkansas-4.75%,6/1/63 AT COST Ishares Select Div ETF AT COST 573968 577080 Bank of America-Pfd Y-6.5% AT COST Select Sec SPDR ETF Utilities AT COST 191960 189500 Health Care Select Sec SPDR AT COST 224210 226880 Invesco Exch Traded Fd Tr II AT COST 99430 102760 Ishares Tr GL Clean Energy ETF AT COST 81989 84720 SPDR FTSE/MacQuarie Global AT COST 246700 249450 SPDR S&P 500 ETF Tr AT COST 372075 373880 Utilities Select Sec SPDR ETF AT COST 372606 388740 JP Morgan Chase Alerian MLP AT COST 42981 41670 Employee Travel Expenses 673 673 Filing Fees 1500 1500 Interest & Service Charges 45 Public Notice 160 160 Investment Advisory Fees 583527 583527 0 0 Kandel & Company-Management 60000 40000 0 20000 Barbara Brunckhorst 310 Wickham Glen Drive Richmond VA 23238 Excise Tax -'20 79565 Unrelated Business Tax-'20 236589