2020-11-02T11:22:53-08:00 2019-12-31 113041037 KANDEL & COMPANY 6800 Jericho Turnpike Suite 206E Syosset NY 11791 990PF 2019-01-01 237000850 The Brunckhorst Foundation BRUN 9172826135 6800 Jericho Turnpike Syosset NY 11791 Richard Todd Stravitz Trustee 2020-10-16 true Richard Kandel P00167249 9172826135 2019 2021-04-22 16:20:28Z X 145225727 X 8350000 10528 10528 6381850 6377663 -177738 3395 14564640 6388191 95996 95996 50000 10000 40000 229026 40000 10000 414074 7344 4642 4420 793738 50000 157760 7505000 7505000 8298738 50000 7662760 6265902 6338191 550000 11 11 2673103 2111814 2111814 204137 397407 397407 619525 1153016 1161966 30501346 6225360 7129117 82322546 78042278 82009754 13658040 48864713 52415658 130528697 136794599 145225727 0 X 130528697 136794599 130528697 136794599 130528697 136794599 130528697 6265902 136794599 136794599 Various Capital Gains Distributions P 2019-01-01 2019-12-31 3395 3395 3395 Various Publicly Traded Securities P 2019-01-01 2019-12-31 181133 -181133 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Syosset NY 11791 Acctg, Tax & Mang't 100000 136616486 1129984 0 137746470 0 137746470 2066197 135680273 6784014 6784014 63382 63382 6720632 6720632 6720632 7662760 7662760 63382 7599378 6720632 773530 647842 1421372 7662760 0 6720632 942128 2363500 0 2363500 773530 647842 942128 Barbara Brunckhorst X Planned Parenthood-Sarasota 736 Central Ave Sarasota FL 34236 N/A PC General Purpose unless otherwise stated 250000 So Environmental Law Center 201 West Main St-Ste 14 Charlottesville VA 22902 N/A PC General Purpose unless otherwise stated 475000 Chesapeake Bay Foundation 6 Herndon Avenue Annapolis MD 21403 N/A PC General Purpose unless otherwise stated 250000 SPCA of Richmond 2519 Hermitage Road Richmond VA 23220 N/A PC General Purpose unless otherwise stated 200000 Center for Reproductive Rights 199 Water Street-22nd FL New York NY 10038 N/A PC General Purpose unless otherwise stated 300000 Environmental Defense Fund 257 Park Ave So 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 325000 Tri County Animal Rescue 21287 Boca Rio Road Boca Raton FL 33433 N/A PC General Purpose unless otherwise stated 300000 American Rivers 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 Council 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 Myer Drive Arlington VA 22209 N/A PC General Purpose unless otherwise stated 400000 Planned Parenthood-So Florida 2300 N Florida Mango Dr W Palm Beach FL 33409 N/A PC General Purpose unless otherwise stated 250000 Sierra Club Foundation 85 2nd Street-Ste 750 San Francisco CA 94105 N/A PC General Purpose unless otherwise stated 1360000 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 200000 Audubon Society 4500 Biscayne Blvd-Ste 205 Miami FL 33137 N/A PC General Purpose unless otherwise stated 100000 Ocean Conservancy 1300 19th Street NW 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 Washington DC 20037 N/A PC General Purpose unless otherwise stated 100000 Naral Pro-Choice America Foundation 1156 15th Street-Suite 700 Washington DC 20005 N/A PC General Purpose unless otherwise stated 200000 Oceana 1025 Connecticut Ave NW-Ste 200 Washington DC 20036 N/A PC General Purpose unless otherwise stated 100000 Va League for Planned Parenthood 201 N Hamilton Street Richmond VA 23221 N/A PC General Purpose unless otherwise stated 250000 National Parks Conservation Associa 777 6th StreetNW Washington DC 20001 N/A PC General Purpose unless otherwise stated 100000 Center for Biological Diversity 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 National Tr for Historical Preserva 2600 Virginia Ave NW-Ste 1100 Washington DC 20037 N/A PC General Purpose unless otherwise stated 100000 7505000 14 10528 14 6377663 4187 14 -177738 6210453 4187 6214640 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 1350000 X 2 Barbara Brunckhorst 310 Wickham Glen Drive Richmond VA 23238 7000000 X Kandel & Company-Accounting & Tax Prep 50000 10000 0 40000 Kandel & Company Accounting, Tax Preparation & Management Oversight HSBC Bank USA-5%,9/27/20 100361 102092 Jabil Circuit Inc-5.625%,12/15/20 75075 77426 Lincoln National Corp-6.25%,2/15/20 100202 100461 Nationwide Fin'l-6.75%,5/15/87 174000 232000 Royal Bank of Scotland-5.65%,8/2/20 100273 102229 Arconic Inc-5.4%,4/15/21 Bank of America-6.75%,8/15/19 Century Link Inc-6.45%,6/15/21 205470 209350 Ford Motor Credit-5.875%,8/2/21 Ford Motor Credit-4.25%,9/20/22 201836 206790 GE Capital Corp-5.75%.2/15/23 32040 32223 Goldman Sachs Group-4.85%,5/15/22 51061 52629 Goldman Sachs Group-5%,5/15/22 83214 85320 Goldman Sachs Group-6%,12/15/23 Ingram Micro Inc-5%,8/10/22 507469 516350 Lloyds TSB Bank-6.5%,9/14/20 506064 513740 Morgan Stanlry-5.75%,1/25/21 50877 51928 Morgan Stanlry-4.875%,11/1/22 608661 642786 Tyson Foods Inc-4.5%,6/15/22 Weyerhaeuser Co-7.125%,7/15/23 45195 47370 Wyndham Worldwide-4.25%,3/1/22 201616 204000 American Tower-5%,2/15/24 205345 220140 Avon 7.%,3/15/23 309429 326250 Bank of America-5.2%,6/1/23 256275 261250 Citigroup Inc-5.95%,1/30/23 319664 317640 Citigroup Inc-3.5%,5/15/23 88866 104027 Citigroup Inc-5.35%,5/15/23 514400 519000 Citigroup Inc-5.5%,9/13/25 1741582 1867725 Ford Motor Co Debenture-7.125%,11/15/25 507456 516456 GE Capital Corp-5.55%,3/15/23 54313 55043 Genworth Holdings Inc-4.9%,8/15/23 998878 990000 Goldman Sachs Group-5.25%,8/15/24 Goldman Sachs Group-5.95%,1/15/27 1344431 1456082 Indiana Bell Tel-7.3%,8/15/26 288515 318415 ING Bank NV-5.8%,9/25/23 International Game Tech-5.35%,10/15/23 463970 459000 JP Morgan Chase-6%,12/29/49 200663 214750 Leucadia National-5.5%,10/18/23 503960 543400 Lowes Companies-6.5%,3/15/29 120176 133683 Merrill Lynch & Co-6.22%,9/15/26 1445173 1564480 Morgan Stanley-4.1%,5/22/23 288458 316698 Pacific Bell-7.125%,3/15/26 228690 248824 Petrobras Global-4.375%,5/20/23 599973 624600 Standard Chartered PLC-5.2%,1/26/24 305336 324237 Suntrust Banks-6%,2/15/26 607033 652510 Wachovia Bank-6.605%,10/1/25 286577 305658 Xstrata Finance Canada-4.25%,10/25/22 96144 104702 Zions Bancorp-7.2%,9/15/2023 102375 110250 ABN AMRO Bank NV-6.25%,4/27/22 Arconic Inc-5.875%,2/23/22 310282 320346 Arconic Inc-5.125%,10/1/24 283299 300840 Arconic Inc-5.9%,2/1/27 196042 207296 Allegheny Technologies-7.825%,8/15/23 315426 336249 American Tower Corp-3.5%,1/31/23 Assured Guaranteed-5%,7/1/24 852820 922578 Ball Corp-5%,3/15/22 202601 211500 Bank of America-4.2%,8/26/24 303325 322014 Bellsouth Tele-7%,10/1/25 393722 413058 BPCE SA-5.7%,10/22/23 1252961 1325292 BPCE SA-5.15%,7/21/24 312191 329022 Buckeye Partners LP-4.15%.7/1/23 100418 100485 Buckeye Partners LP-4.35%.10/15/24 200909 201046 Cadence Design-4.375%,10/15/24 101486 106695 Citigroup Inc-6.3%,5/15/24 622320 650142 Citigroup Inc-4.3%,11/20/26 202825 217534 Constellation Brands-4.25%,5/1/23 502869 531140 Continental Resources-4.5%,4/15/23 175947 182740 DirectTV Holdings-4.45%,4/1/24 202305 213588 El Paso Pipeline Ptrs-4.3%,5/1/24 395345 427532 Enbridge Inc-3.5%,6/10/24 241417 261622 Edgewell Personal Care-4.7%,5/24/22 142246 145250 Flextronics Int'l Ltd-5%,2/15/23 509434 534125 First Energy Corp-4.25%,3/15/23 300633 316110 Freeport McMoran-3.875%,3/15/23 369434 381836 General Motors-4.875%,10/2/23 153269 160914 General Motors-4%,4/1/25 198384 210698 Genworth Holdings Inc-4.8%,2/15/24 211258 195462 Glencore Funding Regs-4.125%,5/30/23 100547 104210 Goldcorp Inc-3.7%,3/15/23 171353 179013 Goldman Sachs Group-5.1%,8/15/25 105620 110928 Goldman Sachs Group-5.25%,3/15/26 255494 263011 Goldman Sachs Group-5.25%,6/15/27 39120 40375 Goldman Sachs Group-6.065%,12/29/49 55544 53265 GTE California Inc-6.75%,5/15/27 349311 302100 Healthsouth Corp-5.75%,11/1/24 112896 113260 Icahn Enter Financial-5.875%,2/1/22 202969 200250 Jabil Circuit Inc-4.7%,9/15/22 303774 317772 Jefferies Group-5.125%,1/20/23 263159 275232 John Hancock Life-6%,11/15/27 34255 36606 JP Morgan Chase-5.639%,12/29/49 409996 403000 JP Morgan Chase-6.125%,12/29/49 433247 437000 Juniper Networks-4.5%,3/15/24 506594 540760 Kerr Megee Corp-6.95%,7/1/24 224459 232326 Kinder Morgan Regs-5.625%,11/15/23 Kinder Morgan Energy-4.15%,2/1/24 201532 212154 Limited Brands Inc-5.625%,2/15/22 205517 210500 M&T Bank Corp-6.45%,12/29/49 221745 222110 Macy's Retail Holdings-6.79%,7/15/27 162953 159102 Morgan Stanley-5.913%,12/29/49 519816 504400 Morgan Stanley-5%,11/24/25 1012257 1097372 Motorola Inc-6.5%,9/1/25 112133 115296 Murphy Oil Corp-4%,6/1/22 541579 561000 Nationsbank Corp-7.25%,10/15/25 225562 243572 Noble Holding Int'l-3.95%,3/15/22 392432 254000 Nustar Logistics-4.75%,2/1/22 101035 103000 Old Republic Int'l-4.875%,10/1/24 206574 219144 Oneok Partners LP-5%,9/15/23 206883 216864 QVC-4.85%-4/1/24 309179 314145 Qwest Diagnostic-4.25%-4/1/24 252196 268975 Rabobank Nederland Bank-4.625%,12/1/23 101883 108446 Rowan Companies-4.875%,6/1/22 Seagate HDD Cayman-4.75%,6/1/23 102603 106261 Seagate HDD Cayman-4.75%,1/1/25 255823 267030 Societe Generale-5%,1/17/24 465402 484969 Southtrust Bank-6.565%,12/15/27 174006 182880 Steel Dynamics-5.25%,4/15/23 202652 203884 Stifel Financial-4.25%,7/18/24 252061 265952 Synchrony Financial-4.25%,8/15/24 202537 213292 Tesoro Corp-5.375%,10/1/22 253798 252507 Time Warner Enter-8.375%,3/15/23 107992 117979 Toll Brothers Fin'l-5.875%,2/15/22 102984 105750 Toll Brothers Finance-4.375%,4/15/23 201225 209500 Toll Brothers Finance-5.625%,1/15/24 206428 219250 Transocean Inc-4.3%,10/15/22 Union Carbide-7.5%,6/1/25 91873 99604 URS Corp-5%,4/1/22 303578 310125 Verisign Inc-4.625%,5/1/23 400924 406400 Wells Fargo-5.9%,12/29/49 328100 326646 Williams Co-3.7%,1/15/23 631654 672873 XLIT Ltd-6.25%,5/15/27 Zions Bancorp-4.5%,6/13/23 101366 105707 Finial Holdings Inc-7.125%,10/15/23 Alexandra Real Estate-4.5%,7/30/29 76026 84460 Alltel Corp-6.8%,5/1/29 118150 125773 Ameritech Corp-6.55%,1/15/28 483327 511942 Apache Corp-5.25%,2/1/42 216912 207962 AT & T-6.5%,3/15/29 375803 406192 Baker Hughes-6.875%,1/15/29 235405 250066 Ball Corp-4%,11/15/23 199754 210000 Bank of America-3.95%,4/21/25 249453 266580 Bank of America-4.25%,10/22/26 651243 708344 Barclays Bank-4.375%,9/11/24 101889 104972 Bed Bath Beyond-5.165%,8/1/44 213882 145000 Bell Atlantic Pennsylvania-6%,12/1/28 409419 449370 Bellsouth Tele-6.375%,6/1/28 425875 459574 BHP Billiton Fin'l-3.85%,9/30/23 Block Financial-5.25%,10/1/25 254065 274445 Citigroup Inc-4.45%,9/29/27 962636 1045446 Coach Inc-4.25%,4/1/25 496124 528850 Conagra Foods-7.125%,10/1/26 455467 490004 Constellation Brands-4.75%,11/15/24 45997 49843 Cox Communications-6.8%,8/1/28 264924 274890 Deutsche Bank AG-4.5%,4/1/25 199449 198728 Enbridge Inc-4%,10/1/23 193898 211180 Energy Transfer Ptrs-4.05%,3/15/25 96412 105039 Ensco PLC-5.2%,3/15/25 EPR Properties-5.75%,8/15/22 Expedia Inc-4.5%,8/15/24 203383 213342 Federated Department Stores-6.9%,4/1/29 357124 341274 Fleet Financial Group-6.875%,1/15/28 176255 185448 FMC Tech Inc-3.45%,10/1/22 94640 100413 Ford Motor Co-6.625%,10/1/28 929139 890176 Ford Motor Co-6.625%,2/15/28 475626 452280 Freeport McMoran-3.55%,3/1/22 General Motors Fin Co-4.3%,7/13/25 701230 747691 Goldman Sachs Group-5.5%,6/15/30 82184 86935 Goldman Sachs Group-5%,11/15/30 56165 60577 GTE Corp-6.94%,4/15/28 471969 500580 Frontier Florida Inc-6.86%,2/1/28 54403 50580 Harcourt General Inc-7.2%,8/1/27 116104 117544 Hexcel Corp-4.7%,8/15/25 101890 107803 Helmerich & Payne-4.65%,3/15/25 Hess Corp-3.5%,7/15/24 188982 204314 Hospitality Properties Tr -4.65%,3/15/24 203005 208220 Husky Energy-4%,4/15/24 195514 211002 Ingersoll Rand-6.13%,11/18/27 170934 174169 Kohls Corp-4.25%,7/17/25 598414 637164 L-3 Communications-3.95%,5/28/24 97014 103130 Macy's Retail Hldg-6.7%,9/15/28 573906 570720 Morgan Stanley-3.95%,4/23/27 315212 349384 Motorola inc-7.5%,5/15/25 113442 121149 Murphy Oil Corp-4.45%,12/1/22 233756 257500 Nabors Industries-5.1%,9/15/23 456660 404055 Natural Fuel Gas-3.75%,3/1/23 96557 103170 Noble Energy Inc-5.875%,6/1/24 New York Telephone-6.5%,4/15/28 805680 840805 Oklahoma G & E-6.5%,4/15/28 230302 247272 Oneok Partners LP-4.9%,3/15/25 607154 660246 Phelps Dodge Corp-7.125%,11/1/27 116728 116000 Reliance Steel-4.5%,4/15/23 188033 195432 Royal Bank of Scotland-6%,12/19/23 107393 111140 Southtrust Bank NA-6.125%,1/9/28 110341 114722 Southwestern Energy-4.1%,3/15/22 99292 97875 Southwestern Energy-6.2%,1/23/25 359251 321020 Spectra Energy Partners-3.5%,3/15/25 94181 104575 Tennessee Gas PL-7%,10/15/28 229933 255604 Time Warner Inc-6.625%,5/15/29 352009 375783 Transalta Corp-4.5%,11/15/22 99921 103500 United Tel Co Fla Inc-7.125%,7/15/23 108933 100718 Unumprovident Corp-6.75%,12/15/28 70841 74491 US West Corp-7.25%,9/15/25 111216 114941 USX Marathon-8.125%,7/15/23 277389 292485 Viacom Inc-3.875%,4/1/24 97103 105817 Viacom Inc-4.25%,9/1/23 199264 212874 Weyerhaeuser Co-6.95%,10/1/27 676947 734308 Willamette Industries-7.35%,7/1/26 115825 123376 Williams Partners-4.5%,11/15/23 300653 321048 Worthington Industries-4.55%,4/15/26 302163 318861 Wyndham Worldwide-3.9%,3/1/23 97896 101000 XLIT Ltd-4.45%,3/31/25 1021137 1088540 Bank of Nova Scotia-4.5%,12/16/25 860075 932798 CS CI SPX-7.5%,5/18/26 EI Du Pont De Nemours-6.5%,1/15/28 Enterprise Services LLC-7.45%,10/15/29 120118 125338 Halliburton Co-3.8%,11/15/25 96487 106654 HP Enterprises-4.9%,10/15/25 206000 222082 Keycorp-5%,12/29/49 208207 212528 KLA-Tencor Corp-4.65%,11/1/24 508062 548350 Kohls Corp-4.75%,12/15/23 101866 106929 Lloyds Banking Group-4.65%,3/24/26 151374 162982 May Department Stores Co-3.625%,6/1/24 95432 100949 Mosaic Co-7.5%,11/15/23 199694 213216 Nomura SU Note-3.25%,3.25%,4/30/30 94866 97864 Royal Bank Canada-4.65%,1/27/26 309267 332478 Banco Santander SA-5.179%,11/19/25 203556 223874 Wells Fargo & Co-5.875%,12/29/49 111973 111250 Wynn Las Vegas-5.5%,3/1/25 797646 857000 Assured Guaranteed-7%,6/1/34 117446 123550 Brinker Int'l 5%,10/1/24 256345 264375 Citigroup Inc-4.125%,7/25/28 74427 81750 General Motors Fin Co-5.75%,12/31/49 631840 610500 GS Contingent SPK-6.85%,12/3/27 Hess Corp-4.3%,4/15/27 100511 106636 JPM Contingent Autocell Index-7%,12/3/20 Macy's Retail Hldg-4.375%,9/1/23 200424 208354 May Department Stores Co-6.65%,7/15/24 105650 111468 Nordstrom Inc-6.95%,3/15/28 956004 1021513 Truist Financial Corp-5.05%,12/31/49 107274 102000 Abbvie Inc-4.25%,11/14/28 543134 607557 AIG-3.75%,7/10/25 AIG-4.2%,4/1/28 295203 329814 Anheuser Busch Unbev-4%,4/13/28 880852 989271 Assurant Inc-4.9%,3/2728 104494 109506 AT & T Inc-4.3%,2/15/30 100136 111096 Axis Specialty Finance-4%,12/6/27 244101 264785 Bank of America-4.45%,3/3/26 101239 109742 Bank of America-4.183%,11/25/27 444779 487422 Best Buy-4.45%,10/1/28 390475 438452 Boston Properties LP-4.5%,12/1/28 254602 283130 Brookfield Finance-4.25%,6/2/26 99751 108586 Brookfield Finance-3.9%,1/25/28 97230 107496 CA Inc-4.7%,3/15/27 461726 490275 Campbell Soup Co-4.15%,3/15/28 101038 108439 Capital One Fin'l-4.2%,10/29/25 99802 107837 Capital One Fin'l-3.75%,7/28/26 96691 105252 Celgene Corp-3.9%,2/20/28 290300 323088 Centerpoint Energy-6.125%,12/5/58 258137 264375 Citigroup Inc-6.625%,1/15/28 115809 126331 Citrix Systems Inc-4.5%,12/1/27 201627 216496 CNA Financial Corp-4.5%,3/1/26 304550 330519 Credit Suisse Group-4.82%,1/9/28 249292 271730 CVS Health Corp-4.3%,3/25/28 352159 381930 Dell International LLC-6.02%,6/15/26 206700 230024 Delta Air Lines-6.718%,7/2/24 34680 29068 Ebay Inc-3.6%.6/5/27 94705 104750 Equifax Inc-6.9%,7/1/28 506527 518988 Express Scripts H-4.5%,2/25/26 101776 108232 Express Scripts H-3.4%,3/1/27 188220 203198 Fleet Financial Group-6.7%,7/15/28 346145 370152 Fluor Corp-4.25%,9/15/28 590655 603474 Ford Motor Co-4.346%,12/8/26 151082 154837 Ford Motor Co-6.375%,2/1/29 113177 107663 General Motors-4.2%,10/1/27 99526 104467 Goldman Sachs Group-3.75%,2/25/26 97103 105751 Goldman Sachs Group-5.3%,12/29/49 104086 107500 Goldman Sachs Group-3.85%,1/26/27 240626 265880 Glencore Funding Regs-4%,3/27/27 191578 207654 Janis Capital Group Inc-4.875%,8/1/25 197726 217650 JP Morgan Chase-4.25%,10/1/27 100188 110584 JP Morgan Chase-3.625%,12/1/27 333349 369379 Kroger Co-3.7%,8/1/27 96089 106966 Lennar Corp-4.75%,5/30/25 100471 107500 Lloyds Banking Group-4.582%,12/10/25 101830 108191 Morgan Stanlry-6.25%,8/9/26 783695 851844 Netflix Inc-5.75%,3/1/24 105619 110625 Nordstrom Inc-4%,3/15/27 98401 103827 Old Republic Int'l-3.875%,8/26/26 96746 105303 Sysco Corp-6.5%,8/1/28 115864 125239 Reynolds American Inc-4.45%,6/12/25 99049 107584 T-Mobile USA Inc-5.375%,4/15/27 72187 74550 Toll Brothers Finance-4.875%,11/15/25 101183 109000 Transcanada Pipelines Ltd-4.25%,5/15/28 99415 110942 Vodafone Group-4.375%,5/30/28 395552 442940 Wells Fargo-4.3%,7/22/27 627641 684212 Welltower Inc-4.25%,4/15/28 250512 273892 Phillips 66-3.9%,3/15/28 97081 108964 Allegiance Corp-7%,10/15/26 111834 120435 Altria Group Inc-4.8%,2/14/29 204899 222642 Anheuser Busch Unbev-4.9%,1/23/31 102961 118976 GE Capital Corp-6.75%,3/15/32 203998 224471 Kroger Co-4.5%,1/15/29 202457 224734 Sempre Energy-3.8%,2/1/38 196680 208426 Vodafone Group5%,5/30/38 108507 115535 Nextera Energy Inc 554832 690156 Pfizer Inc 378882 470160 JP Morgan Chase-6.3%-Pfd W Ishares Select Div ETF 194089 211320 Caterpillar Inc Abbott Labs 345942 469044 Cisco Systems Inc 604776 671440 Eli Lilly & Co McDonalds Corp 676732 790440 Hormel Foods Corp McCormick Merck & Co Apple Inc 308250 433134 AT&T Inc 112467 117240 Coca-Cola Co 226632 232470 Deere & Co 231788 259890 Goldman Sachs Group 121838 137958 Home Depot Inc 336686 327570 IBM Corp 144487 134040 Mastercard Inc-CL A 616691 709151 Microsoft Corp 296348 346940 National Retail Properties 109272 107240 Select Sec SPDR ETF Utilities 372606 400644 Starbucks Corp 246928 263760 Walmart Stores 346114 356520 1153016 1161966 JP Morgan Equity Inc A AT COST 183832 333129 Entergy Arkansas-4.9%,12/1/52 AT COST 238089 260200 Nextera-5.125%,11/15/72 AT COST 251562 255600 Stanley Blacker Ser I-5.7%,7/25/52 AT COST Truist Financial Corp-5.2%-Pfd F AT COST 221973 228960 BB&T Corp-5.625%-Pfd E AT COST BB&T Corp-5.85%-Pfd-D AT COST PNC Financial Services-5.375%-Pfd O AT COST 489162 512200 Public Storage-5.625%-Pfd U AT COST Wells Fargo Global Notes-5.125%-Pfd O AT COST 341340 356580 Duke Energy Corp-5.125%,1/15/73 AT COST 125000 128950 Entergy Arkansas-4.75%,6/1/63 AT COST 247952 257800 Entergy Louisiana LLC-4.7%,6/1/63 AT COST 246668 256500 Nextera Energy Cap-5%,1/15/73 AT COST 100000 102080 Prudential Fin'l-5.7%,3/15/53 AT COST 125000 129450 Qwest Corp-6.125%-6/1/53 AT COST 178364 173600 WR Berkley Corp-5.625%,4/30/53 AT COST 257304 254200 Zions Bancorp-6.95%,9/15/28 AT COST 252646 307096 Truist Financial Corp-5.2%,Pfd G AT COST 175492 177940 Citigroup Inc-6.875%-PFD K AT COST 125000 140850 Citigroup Inc-7.125%-PFD J AT COST 250000 283400 Morgan Stanley-6.875%-PFD F AT COST 375000 424500 Morgan Stanley-7.125%-Pfd E AT COST 375000 429150 Public Storage-5.2%-PFD W AT COST 252532 252800 Public Storage-5.2%-PFD X AT COST 125000 126550 SCE Trust II-5.1%-PFD G AT COST 262997 274890 US Bancorp-5.15%-PFD H AT COST 390083 414880 Wells Fargo & Co-5.85%-Pfd Q AT COST 324701 356070 Qwest Corp-6.875%-10/1/54 AT COST 125000 126700 Verizon Communications-5.9%,2/15/54 AT COST Allstate Corp-6.625%-Pfd E AT COST Bank of America-6.625%-Pfd BAC.W AT COST Citigroup Inc-6.875%-Pfd L AT COST Commerce Bancshares-6.2%-Pfd B AT COST 330234 337870 JP Morgan Chase-6.7%-Pfd T AT COST Morgan Stanley-6.625%-Pfd G AT COST 125000 125000 Northern Trust-5.85%-Pfd C AT COST 511780 500200 State Street Corp-6%-Pfd E AT COST Wells Fargo & Co-6%-Pfd T AT COST 125000 127350 Wells Fargo RL Estate-6.375%-Pfd A AT COST SCE Trust IV-5.375% Pfd J AT COST 211946 220590 Southern Co-6.25%,10/15/75 AT COST 125000 131850 Bank of America-6.5% Pfd Y AT COST 125000 124900 Capital One Fin'l-6.2% Pfd F AT COST 125000 129400 Charles Schwab-6% Pfd C AT COST 227383 234000 JP Morgan Chase-6.1% Pfd AA AT COST 125000 128700 JP Morgan Chase-6.125% Pfd Y AT COST 125000 127900 JP Morgan Chase-6.15% Pfd BB AT COST 125000 128700 Wells Fargo & Co-6% Pfd V AT COST 125000 129950 Bank of Oklahoma-5.375%,6/30/56 AT COST 50000 52400 Entergy Arkansas-4.875%,9/1/66 AT COST 483721 531949 Entergy Louisiana LLC-4.875%,9/1/66 AT COST 391738 414560 Entergy Mississippi-4.9%,10/1/66 AT COST 712954 768500 Legg Mason Inc-5.45%,9/15/56 AT COST 125000 128950 Nextera Energy Cap-K-5.25%,6/1/76 AT COST 1185429 1250400 Southern Co-6.25%,-A,10/1/76 AT COST 713192 763860 Axis Cap Holdings-5.5%-Pfd E AT COST 450656 490010 Bank of America-6% Pfd EE AT COST 125000 132000 Bank of America-6.2% Pfd CC AT COST 125000 130900 Capital One Fin'l-5.2% Pfd G AT COST 1058899 1131680 Capital One Fin'l-6% Pfd B AT COST 428370 430950 Capital One Fin'l-6% Pfd H AT COST 125000 134250 Citigroup Inc-6.3%-PFD S AT COST 253588 262100 Gabelli Div & Inc Tr-G-5.25% AT COST 124106 128850 Gabelli Utility Tr-5.375%-Pfd C AT COST 480037 497800 Goldman Sachs Group-6.3%-PFD N AT COST 331172 346710 National Retail Properties-5.7%-Pfd E AT COST Public Storage-4.9%-PFD E AT COST 247454 254800 Wells Fargo & Co-5.7%-Pfd W AT COST 223206 235350 Wells Fargo & Co-5.5%-Pfd X AT COST 711825 756900 AT & T Inc-5.35%,11/1/66 AT COST 1387992 1570920 Georgia Power Co-5%,10/1/77 AT COST 255585 257100 Southern Co-5.25%,12/1/77 AT COST 298510 315720 Stifel Fin'l-5.2%,10/15/47 AT COST 50000 51240 Alabama Power Co-5%-Pfd A AT COST 321339 352040 Arch Cap Group-5.45%-Pfd F AT COST 126626 128950 First Republic Bank-5.125%-Pfd H AT COST 620692 659250 Firat Republic Bank-5.5%-Pfd D AT COST Kimco Realty Corp-5.25%-Pfd M AT COST 125000 129500 Morgan Stanley-5.85%-Pfd K AT COST 831893 935880 Morgan Stanley-6.375%-Pfd I AT COST 250000 281700 PS Business Parks-5.7%-Ser Y AT COST 528676 539280 Public Storage-4.95%-Pfd D AT COST 372577 382050 Public Storage-5.05%-Pfd G AT COST 125000 129350 Public Storage-5.15%-Pfd F AT COST 501506 520400 SCE Trust VI-5% Pfd L AT COST 317047 321332 Vornado Realty Trust-5.7%-Pfd K AT COST 153750 151260 Wells Fargo & Co-5.65%-Pfd Y AT COST 399376 427040 SPRD S&P 500EFT Trust AT COST AT & T Inc-5.35%,11/1/66 AT COST 250000 267500 Brunswick Corp-6.5%,10/15/48 AT COST 100000 109320 Brunswick Corp-6.625%,1/15/49 AT COST 1124354 1227600 CMS Energy Corp-5.875%,10/15/78 AT COST 250000 267700 Duke Energy Corp-5.625%,9/15/78 AT COST 1162168 1273230 Ebay Inc-6%,2/1/56 AT COST 357291 374220 Enbridge Inc-6.375%,5/15/78 AT COST 250000 275800 Prudential Fin'l-5.625%,8/15/58 AT COST 596766 654480 Unum Group-6.25%,6/15/58 AT COST 200000 216000 WR Berkley Corp-5.7%,3/30/58 AT COST 125000 132300 Allianzgi-5.625%,Pfd A AT COST 550910 579260 Allstate Corp Dep 1/1000 G AT COST 830086 902220 Apollo Global Mgmt-6.375% B AT COST 381295 406050 Bank of America-5.875%-Pfd HH AT COST 919413 1001960 Bank of America-6%-Pfd GG AT COST 479350 522310 Firat Republic Bank-5.5%-Pfd I AT COST 365937 400800 Hartford Fin'l Services-6%-Pfd G AT COST 1271603 1381500 JP Morgan Chase-5.75%- Pfd DD AT COST 1997097 2170002 Keycorp-5.65%-Pfd F AT COST 1000429 1098800 MetLife Inc-5.62%-Pfd E AT COST 1468625 1612470 Nisource Inc-6.5%-Ser B AT COST 603606 669120 Renaissancere Hldgs-Pfd F AT COST 373188 405450 State Street Corp-5.35%-Pfd G AT COST 320072 362310 US Bancorp-5.5%-PFD K AT COST 759142 836310 Aegon Funding Co-Pfd AT COST 250000 259500 Affiliated Managers Group AT COST 125000 135150 AIG-Pfd A AT COST 430744 464780 Air Lease Corp-Pfd A AT COST 228091 247860 Allstate Corp-Pfd AT COST 250000 253200 Allstate Corp-Pfd H AT COST 253506 261400 American EQ Inv-Pfd AT COST 75000 77250 American Financial-Pfd AT COST 250000 293000 Aspen Insurance Hlds-Pfd E AT COST 50000 52800 AT&T Inc-Pfd AT COST 500000 526000 Athene Holdind Ltd-Pfd A AT COST 125000 141250 AXA Equitable-Pfd AT COST 250000 261000 Bank of America-Pfd KK AT COST 503106 532000 Bank of America-Pfd LL AT COST 125000 130900 Berkley WR Corp-Pfd AT COST 250000 251900 Brighthouse Financial-Pfd A AT COST 125000 138750 Brunswick Corp AT COST 125000 136600 Capital One Fin'l-Pfd I AT COST 100000 100360 CIT Group-Pfd AT COST 125000 127500 Citzens Fin'l Group-Pfd AT COST 250000 249300 Citzens Fin'l Group-Pfd D AT COST 125000 141450 CMS Energy Corp AT COST 758212 819300 Duke Energy Corp AT COST 250000 277100 First Republic Bank-Pfd J AT COST 250000 253800 Ford Motor Co-Pfd AT COST 500000 530600 Ford Motor Co-Pfd AT COST 504306 533400 Goldman Sachs Group-Pfd J AT COST 105763 107280 JP Morgan Chase-Pfd EE AT COST 480332 534660 Highland Income Fd AT COST 250000 253700 Keycorp-Pfd G AT COST 50000 54180 Nexterra Energy Capital AT COST 250000 274300 PS Business Parks-Pfd AT COST 250000 247900 Public Storage-5.6%-Pfd H AT COST 352006 387660 Public Storage-4.7%-Pfd J AT COST 250000 256900 Public Storage-4.75%-Pfd K AT COST 125000 127900 Sempra Energy-5.75%,7/1/79 AT COST 351406 371980 Spire Inc-Pfd A AT COST 100000 110480 Stifel Fin'l Corp-6.25%,Pfd B AT COST 77953 80940 SVB Financial Group-5.25%-Pfd AT COST 250000 258500 Employee Expenses 2765 2765 Filing Fees 1500 1500 Interest & Service Charges 222 Public Notice 155 155 Investment Advisory Fees 179026 0 0 0 Kandel & Company-Management 50000 40000 0 10000 Barbara Brunckhorst 310 Wickham Glen Drive Richmond VA 23238 Excise Tax -'19 63382 Payroll Taxes 7344 7344 Unrelated Business Tax-'19 343348