2015-11-11T07:51:22-06:00 2014-12-31 521158459 HERTZBACH & COMPANY PA 800 RED BROOK BOULEVARD SUITE 300 OWINGS MILLS MD 21117 990PF 2014-01-01 522040073 THE AARON STRAUS & LILLIE STRAUS FOUNDATION INC JAN RIVITZ AARO 4105398308 2 EAST READ STREET NO 100 BALTIMORE MD 21202 JAN RIVITZ PRESIDENT 4105398308 2015-11-11 1 NINA I SCHERR CPA P00029195 4103633200 2014 2016-03-07 17:11:31Z X 69886293 X X 3186187 3186187 2373307 6165332 2373307 -101575 0 5457919 5559494 311961 56154 255807 35958 0 35958 88689 13931 74758 12812 2562 10250 25463 5093 20370 565798 565798 0 139496 45159 0 600 0 25476 0 25476 1548 0 1548 19846 0 19846 1227647 688697 444013 3292417 3276417 4520064 688697 3720430 937855 4870797 805884 918941 918941 10678 16703 16703 4607653 4958327 4958327 61144191 62881053 62881053 51953 51203 1350 750 750 4134018 1110519 1110519 70703774 69886293 69886293 71550 56192 663000 679000 734550 735192 X 69969224 69151101 69969224 69151101 70703774 69886293 69969224 937855 0 70907079 1755978 69151101 ADAGE CAPITAL PARTNERS LP PASS-THROUGH P 6434 6434 ADAGE CAPITAL PARTNERS LP PASS-THROUGH P 1515292 1515292 BRANDYWINE INVESTMENT TRUST PASS-THROUGH P 11551 11551 BRANDYWINE INVESTMENT TRUST PASS-THROUGH P 37542 37542 CITI HICKS MUSE PARTNERS LP PASS-THROUGH P -1 -1 CITI HICKS MUSE PARTNERS LP PASS-THROUGH P -4229 -4229 CITI MASTERS OFFSHORE FUND P 270728 270728 THE SILCHESTER INT'L INVESTORS PASS-THROUGH P -1819 -1819 THE SILCHESTER INT'L INVESTORS PASS-THROUGH P 412570 412570 JOHCM INT'L SELECT FUND PASS-THROUGH P 23535 23535 JOHCM INT'L SELECT FUND PASS-THROUGH P 500295 500295 HIGHFIELDS CAPITAL IV LP PASS-THROUGH P -39849 -39849 HIGHFIELDS CAPITAL IV LP PASS-THROUGH P -8079 -8079 PUBLICLY TRADED SECURITIES - SCHWAB #4729 692357 676286 16071 16071 PUBLICLY TRADED SECURITIES - SCHWAB #4729 3831275 4849160 -1017885 -1017885 PUBLICLY TRADED SECURITIES - SCHWAB #4267 333033 301995 31038 31038 PUBLICLY TRADED SECURITIES - SCHWAB #4267 1147041 573527 573514 573514 PUBLICLY TRADED SECURITIES - WELLS FARGO 44608 42976 1632 1632 PUBLICLY TRADED SECURITIES - WELLS FARGO 54834 47461 7373 7373 PUBLICLY TRADED SECURITIES - WELLS FARGO 457(B) PLAN 7225 7445 -230 -230 SILVER CREEK P 54959 39847 15112 15112 SOMERSET P 16092 16092 SOMERSET P 6620 6620 2373307 0 3373390 64386979 0.052392 3217012 60651905 0.053041 2775441 60669552 0.045747 2846074 60308125 0.047192 3292969 53470208 0.061585 0.259957 0.051991 68772710 3575562 48708 3624270 3720430 X 48708 0 48708 0 48708 95000 40000 135000 86292 30000 56292 0 0 0 0 0 0 0 0 1 1 0 1 1 MD 1 0 0 0 0 1 WWW.STRAUSFOUNDATION.ORG JAN RIVITZ 4105398308 2 EAST READ STREET BALTIMORE MD 21202 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSAN LEVITON 500 WEST BALTIMORE STREET BALTIMORE MD 21201 DIRECTOR 0.50 0 0 0 JAN C RIVITZ 2 EAST READ STREET BALTIMORE MD 21202 PRESIDENT/TREASURER 40.00 311961 64609 0 TERRY UNDERBERG 136 EAST 56TH STREET NEW YORK NY 10022 SECRETARY 0.50 0 0 0 STEPHEN H ABRAHAM 1758 PARK ROAD NW WASHINGTON DC 200102105 DIRECTOR 0.50 0 0 0 SAMUEL HIMMELRICH 3600 CLIPPER MILL ROAD BALTIMORE MD 212111934 DIRECTOR 0.50 0 0 0 LEE E COPLAN 750 EAST PRATT STREET BALTIMORE MD 21202 VICE PRESIDENT 0.50 0 0 0 CHARLES BAUM 2545 WILKENS AVENUE BALTIMORE MD 21223 DIRECTOR 0.50 0 0 0 NONE 0 CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT ADVISER 100491 0 0 22452350 2425864 44941796 69820010 0 0 69820010 1047300 68772710 3438636 3438636 48708 48708 3389928 0 3389928 0 3389928 3720430 0 3720430 48708 3671722 3389928 0 0 719239 235320 262715 1217274 3720430 0 0 0 3389928 330502 0 0 1547776 0 0 0 0 0 0 719239 828537 235320 262715 330502 JAN RIVITZ 2 EAST READ STREET SUITE 100 BALTIMORE MD 21202 4105398308 COMMON GRANT APPLICATION FORM (ABAG FORM) APPLICATIONS ARE ACCEPTED YEAR-ROUND NO ENDOWMENTS OR RESTRICTIONS TO INDIVIDUALS ACLU FOUNDATION OF MARYLAND 3600 CLIPPER MILL ROAD SUITE 350 BALTIMORE MD 21211 N/A PC ALL GENERAL SUPPORT 150000 ADVOCATES FOR CHILDREN AND YOUTH 8 MARKET PLACE 5TH FLOOR BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 33000 ARTS EDUCATION IN MARYLAND SCHOOLS ALLIANCE INC 175 W OSTEND STREET SUITE A-3 BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 2000 ANACOSTIA WATERSHED SOCIETY 4302 BALTIMORE AVE BLADENSBURG MD 20710 N/A PC ALL GENERAL SUPPORT 150 ASSOCIATION OF BALTIMORE AREA GRANTMAKERS 2 E READ STREET 2ND FLOOR BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 6500 BALTIMORE CASH CAMPAIGN 217 E REDWOOD STREET SUITE 1500 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 50000 BALTIMORE CHESAPEAKE BAY OUTWARD BOUND 1900 EAGLE DRIVE BALTIMORE MD 21207 N/A PC ALL GENERAL SUPPORT 500 BALTIMORE CITY HEALTH DEPARTMENT 1001 E FAYETTE STREET BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 75000 BALTIMORE EDUCATION RESEARCH CONSORTIUM 2701 N CHARLES STREET SUITE 300 BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 20000 BALTIMORE MUSEUM OF ART 10 ART MUSEUM DRIVE BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 13500 BALTIMORE SCHOOL FOR THE ARTS FOUNDATION 712 CATHEDRAL STREET BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 1000 BEHAVIORAL HEALTH SYSTEM BALTIMORE - EXPANDED SCHOOL BASED MENTAL HEALTH ONE NORTH CHARLES STREET SUITE 1300 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 75000 CAMP AIRY AND CAMP LOUISE FOUNDATION INC 5750 PARK HEIGHTS AVENUE BALTIMORE MD 21215 N/A PC ALL GENERAL SUPPORT 862500 BEHAVIORAL HEALTH SYSTEM BALTIMORE - UNACCOMPANIED MINORS PROGRAM ONE NORTH CHARLES STREET SUITE 1300 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 30000 BIRTHRIGHT ISRAEL FOUNDATION 33 E 33RD STREET 7TH FLOOR NEW YORK NY 10016 N/A PC ALL GENERAL SUPPORT 2000 CENTRAL SCHOLARSHIP 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 N/A PC ALL GENERAL SUPPORT 150000 CHANA 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 25000 CHESAPEAKE BAY FOUNDATION 6 HERNDON AVENUE ANNAPOLIS MD 21403 N/A PC ALL GENERAL SUPPORT 1000 CHESAPEAKE CENTER FOR YOUTH DEVELOPMENT PO BOX 19618 BALTIMORE MD 21225 N/A PC ALL GENERAL SUPPORT 1000 CITY NEIGHBORS FOUNDATION 4301 RASPE AVENUE BALTIMORE MD 21206 N/A PC ALL GENERAL SUPPORT 30000 DEFENDERS OF WILDLIFE PO BOX 1553 MERRIFIELD VA 221161553 N/A PC ALL GENERAL SUPPORT 800 EVERYMAN THEATRE 315 W FAYETTE STREET BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 17000 FH FOUNDATION 1515 HOPE STREET SUITE 204 SOUTH PASADENA CA 91030 N/A PC ALL GENERAL SUPPORT 1000 FONZ PO BOX 37012 MRC 5516 WASHINGTON DC 200137012 N/A PC ALL GENERAL SUPPORT 250 FUND FOR YOUNG FAMILIES 101 WEST MT ROYAL AVE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 417 FOUNDATION OF THE NATIONAL LIPID ASSOCIATION 6816 SOUTHPOINT PARKWAY SUITE 1000 JACKSONVILLE FL 32216 N/A PC ALL GENERAL SUPPORT 1000 FREESTATE LEGAL PROJECT INC 1111 NORTH CHARLES STREET FOURTH FLOOR BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 29000 FAMILY LEAGUE OF BALTIMORE 2305 N CHARLES STREET SUITE 200 BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 40000 FUND FOR EDUCATIONAL EXCELLENCE 800 N CHARLES STREET SUITE 400 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 130000 GIRL SCOUTS OF CENTRAL MARYLAND 4806 SETON DRIVE BALTIMORE MD 21215 N/A PC ALL GENERAL SUPPORT 12000 GREATER BALTIMORE CULTURAL ALLIANCE 1800 N CHARLES STREET SUITE 810 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 25000 GREEN STREET ACADEMY FOUNDATION 201 NORTH BEND ROAD BALTIMORE MD 21229 N/A PC ALL GENERAL SUPPORT 1454 HORACE MANN SCHOOL 231 WEST 246TH STREET BRONX NY 10471 N/A PC ALL GENERAL SUPPORT 4000 IMPACT HUB BALTIMORE 34 E 25TH STREET BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 65000 JOHNS HOPKINS KIMMEL CANCER CENTER 750 E PRATT STREET SUITE 1700 BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 5000 JOHNS HOPKINS CHILDREN'S MEDICAL PRACTICE 200 N WOLFE STREET SUITE 2055 BALTIMORE MD 21287 N/A PC ALL GENERAL SUPPORT 75000 KRIPALU CENTER FOR YOGA AND HEALTH PO BOX 309 STOCKBRIDGE MA 01262 N/A PC ALL GENERAL SUPPORT 1500 LEAVE NO TRACE PO BOX 997 BOULDER CO 80306 N/A PC ALL GENERAL SUPPORT 250 LIFEBRIDGE HEALTH 2401 WEST BELVEDERE AVENUE BALTIMORE MD 21215 N/A PC ALL GENERAL SUPPORT 7500 METRO ATLANTA RECOVERY RESIDENCES INC PO BOX 48349 DORAVILLE GA 30362 N/A PC ALL GENERAL SUPPORT 5000 MULTICULTURAL CAREER INTERN PROGRAM (MCIP) 3101 16TH STREET NW WASHINGTON DC 20010 N/A PC ALL GENERAL SUPPORT 150 NATIONAL OUTDOOR LEADERSHIP SCHOOL 284 LINCOLN STREET LANDER WY 825202848 N/A PC ALL GENERAL SUPPORT 300 NATIONAL RESOURCES DEFENSE COUNCIL 40 W 20TH ST NEW YORK NY 10011 N/A PC ALL GENERAL SUPPORT 4000 NEW LEADERS 1500 UNION AVENUE SUITE 1400 BALTIMORE MD 21211 N/A PC ALL GENERAL SUPPORT 25000 NYU CENTER FOR THE PREVENTION OF CARDIOVASCULAR DISEASE 530 FIRST AVENUE SKIRBALL 9U NEW YORK NY 10016 N/A PC ALL GENERAL SUPPORT 3000 OPEN SOCIETY INSTITUTE - BALTIMORE 201 NORTH CHARLES STREET SUITE 1300 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 2500 PACT 7000 TUDSBURY RD BALTIMORE MD 21244 N/A PC ALL GENERAL SUPPORT 37000 READING PARTNERS 841 EAST FORT AVE 233 BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 50000 REGINALD F LEWIS MUSEUM 830 EAST PRATT STREET BALTIMORE MD 21202 N/A PC ALL GENERAL SUPPORT 2000 STATION NORTH ARTS & ENTERTAINMENT INC 1 W NORTH AVENUE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 15000 TAHIRIH JUSTICE CENTER 6402 ARLINGTON BLVD SUITE 300 FALLS CHURCH VA 22042 N/A PC ALL GENERAL SUPPORT 25000 TEACH FOR AMERICA - BALTIMORE 2601 N HOWARD STREET BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 252000 TEMPLE UNIVERSITY COLLEGE OF EDUCATION 1301 CECIL B MOORE AVENUE RITTER ANNEX SUITE 460 PHILADELPHIA PA 19122 N/A PC ALL GENERAL SUPPORT 24000 THE ASSOCIATED 101 WEST MOUNT ROYAL AVENUE BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 524546 UMBC FOUNDATION 1000 HILLTOP CIRCLE 8TH FLOOR ADMINISTRATION BUILDING BALTIMORE MD 21250 N/A PC ALL GENERAL SUPPORT 2000 WASHINGTON AND LEE UNIVERSITY 204 W WASHINGTON ST LEXINGTON VA 24450 N/A PC ALL GENERAL SUPPORT 500 WILDERNESS LEADERSHIP & LEARNING INC (WILL) 1758 PARK ROAD NW WASHINGTON DC 20010 N/A PC ALL GENERAL SUPPORT 9000 WORLD WILDLIFE FUND 1250 TWENTY-FOURTH STREET NW PO BOX 97180 WASHINGTON DC 200907180 N/A PC ALL GENERAL SUPPORT 500 JOHNS HOPKINS UNIVERSITY-CENTRO SOL 5200 EASTERN AVE SUITE 4200 BALTIMORE MD 21224 N/A PC ALL GENERAL SUPPORT 100000 CONGREGATION BET HAVERIM PO BOX 29548 ATLANTA GA 30359 N/A PC ALL GENERAL SUPPORT 1000 DIGITAL HARBOR FOUNDATION 1045 LIGHT STREET BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 35000 LANDON SCHOOL 6101 WILSON LANE BETHESDA MD 20817 N/A PC ALL GENERAL SUPPORT 600 MOUNT VERNON PLACE CONSERVANCY 901 SOUTH BOND STREET SUITE 400A BALTIMORE MD 21231 N/A PC ALL GENERAL SUPPORT 2500 STUDENT OPPORTUNITIES INC 3132 GUILFORD AVE BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 25000 THE ASPEN INSTITUTE 1 DUPONT CIRCLE NW SUITE 700 WASHINGTON DC 20036 N/A PC ALL GENERAL SUPPORT 100000 THE CONTEMPORARY PO BOX 1572 BALTIMORE MD 21203 N/A PC ALL GENERAL SUPPORT 25000 BALTIMORE POLYTECHNIC INSTITUTE 1400 W COLD SPRING LANE BALTIMORE MD 21209 N/A PC ALL GENERAL SUPPORT 25000 THREAD PO BOX 1584 BALTIMORE MD 21203 N/A PC ALL GENERAL SUPPORT 25000 US HISPANIC YOUTH ENTREPRENEUR EDUCATION 601 ALLUVION STREET BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 10000 UJA 130 EAST 59TH STREET SUITE 417 NEW YORK NY 10022 N/A PC ALL GENERAL SUPPORT 1000 WABE RADIO-PUBLIC BROADCASTING ATLANTA 740 BISMARK ROAD NE ATLANTA GA 30324 N/A PC ALL GENERAL SUPPORT 500 3276417 BEHAVIORAL HEALTH SYSTEM BALTIMORE - UNACCOMPANIED MINORS PROGRAM ONE NORTH CHARLES STREET SUITE 1300 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 30000 DIGITAL HARBOR FOUNDATION 1045 LIGHT ST BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 35000 FAMILY LEAGUE OF BALTIMORE 2305 N CHARLES STREET SUITE 200 BALTIMORE MD 21218 N/A PC ALL GENERAL SUPPORT 40000 GREATER BALTIMORE CULTURAL ALLIANCE 1800 N CHARLES STREET SUITE 810 BALTIMORE MD 21201 N/A PC ALL GENERAL SUPPORT 25000 JOHNS HOPKINS CHILDREN'S MEDICAL PRACTICE 200 N WOLFE STREET SUITE 2055 BALTIMORE MD 21287 N/A PC ALL GENERAL SUPPORT 75000 READING PARTNERS 841 EAST FORT AVE 233 BALTIMORE MD 21230 N/A PC ALL GENERAL SUPPORT 50000 THE INGENUITY PROJECT 1400 W COLD SPRING LN BALTIMORE MD 21209 N/A PC ALL GENERAL SUPPORT 25000 280000 14 3186187 18 2373307 PASS THROUGH PARTNERSHIP K-1 900099 -101575 -101575 5559494 0 5457919 0 0 0 0 0 0 0 0 0 0 INDIRECT ACCOUNTING FEES 25463 5093 20370 OFFICE FURNITURE 2001-01-23 13526 13526 200DB 7.000000000000 0 0 SHARP COPIER 2001-12-31 3865 3865 200DB 7.000000000000 0 0 WAITING ROOM FURNITURE 2001-12-31 13708 13708 200DB 7.000000000000 0 0 ARTWORK - JAN'S OFFICE 2001-12-31 1968 1968 200DB 7.000000000000 0 0 TOSHIBA PHONE SYSTEM 2001-12-31 2448 2448 200DB 7.000000000000 0 0 NETWORK WEBSITE 2004-02-26 5000 5000 SL 5.000000000000 0 0 DESIGN/PRODUCE WEBSITE 2004-10-11 5000 5000 SL 5.000000000000 0 0 LAPTOP COMPUTER 2005-10-05 1724 1724 SL 5.000000000000 0 0 DESK CHAIR 2000-06-22 690 690 200DB 7.000000000000 0 0 JAN AND PAT'S COMPUTER 2005-06-30 1524 1524 200DB 5.000000000000 0 0 VIDEO CONFERENCE EQUIP 2011-08-02 2500 1150 SL 5.000000000000 600 0 RECONCILIATION OF WAGES ON FORM 990-PF TO FORM W-3 FORM 990-PF PART I LINES 13 & 14 FORM 990-PF PART I LINE 13 $311,961FORM 990-PF PART I LINE 14 35,958SHARING OF EMPLOYEES WITH UNRELATED ORGANIZATIONS 34,042 ----------TOTAL WAGES ON FORM W-3 BOX 5 $381,961 ========== CERES INC (2,003 SHS) 481 481 ANSYS INC (2,601 SHS) 213282 213282 BIO-TECHNE CORP (657 SHS) 60707 60707 BIOGEN IDEC INC (144 SHS) 48881 48881 BLACKBAUD INC (600 SHS) 25956 25956 CARMAX INC (3,486 SHS) 232098 232098 CELGENE CORP (1,145 SHS) 128080 128080 CLEAN HARBORS INC (1585 SHS) 0 0 CHIPOTLE MEXICAN GRILL (97 SHS) 66397 66397 CONCHO RESOURCES INC (928 SHS) 92568 92568 CONCUR TECHNOLOGIES INC (1,108 SHS) 0 0 CORE LABORATORIES N V F (1,200 SHS) 144408 144408 COSTAR GROUP INC (657 SHS) 120645 120645 DEALERTRACK TECHNOLOGIES (2,420 SHS) 107230 107230 DISCOVER FINANCIAL SVCS (3,099 SHS) 202954 202954 ECOLAB INC (1,555 SHS) 162529 162529 EXAMWORKS GROUP INC (2,725 SHS) 113333 113333 EXPEDITORS INTL WASH (3,350 SHS) 0 0 EXPONENT INC (1,100 SHS) 90750 90750 FASTENAL CO (4,885 SHS) 232331 232331 HEALTHCARE SVC GROUP INC (3,453 SHS) 106801 106801 IMAX CORP (3,368 SHS) 104071 104071 INTUITIVE SURGICAL NEW (125 SHS) 66118 66118 JACOBS ENGINEERING GROUP (1,735 SHS) 0 0 LKQ CORP (7,607 SHS) 213909 213909 MARKEL CORP (248 SHS) 169344 169344 MONSANTO CO NEW DEL (430 SHS) 0 0 MOODYS CORP (1,805 SHS) 172937 172937 NIC INC (1,660 SHS) 0 0 PANERA BREAD CO CL A (280 SHS) 0 0 PRICESMART INC (580 SHS) 52908 52908 QUALCOMM INC (1,137 SHS) 84513 84513 REDHAT INC (3,059 SHS) 211499 211499 ROPER INDUSTRIES INC (1,090 SHS) 170422 170422 T ROWE PRICE GROUP INC (1,065 SHS) 0 0 S E I INVESTMENTS CO (5,283 SHS) 211531 211531 SCHLUMBERGER LTD (1,417 SHS) 0 0 SIGNET JEWELERS LTD (1,437 SHS) 189066 189066 SOUTHWESTERN ENERGY CO (1,605 SHS) 0 0 STERICYCLE INC (1,190 SHS) 155985 155985 STRATASYS LTD (465 SHS) 38646 38646 TANGOE INC (4,267 SHS) 55599 55599 TRIMBLE NAVIGATION LTD (4,184 SHS) 111043 111043 TYLER TECHNOLOGIES INC (855 SHS) 93571 93571 VERISK ANALYTICS INC CL A (2,444 SHS) 156538 156538 VISA INC CL A (1,025 SHS) 268755 268755 WAGEWORKS INC (1,995 SHS) 128817 128817 WASTE CONNECTIONS INC (2,154 SHS) 94754 94754 3 D SYSTEMS CORP (1,791 SHS) 58870 58870 ` FMV 69692 69692 QUESTMARK PARTNERS LP FMV 35706 35706 MASTERS OFFSHORE FUND FMV 121286 121286 SILVER CREEK LONG SHORT FMV 248080 248080 THE BALTIMORE FUND FMV 0 0 HIGHFIELDS CAPITAL IV LP FMV 5829955 5829955 BRANDYWINE INVESTMENT TRUST FMV 2581595 2581595 SILVER CREEK III FMV 2986440 2986440 ADAGE CAPITAL PARTNERS LP FMV 12200539 12200539 JOHCM INTERNATIONAL SELECT FUND FMV 3687693 3687693 THE SILCHESTER INTERNATIONAL INVEST FMV 8301043 8301043 THE WEATHERLOW OFFSHORE FUND FMV 5154131 5154131 BLUECREST ALLBLUE FUND FMV 2714828 2714828 SOMERSET FMV 1972073 1972073 PROPEL BALTIMORE FUND FMV 135808 135808 PIMCO TOTAL RETURN FUND INSTL CL (309,193.038 SHS) FMV 3295998 3295998 VANGUARD SHORT TERM BD INDEX SIGNAL (286,686.52 SHS) FMV 0 0 VANGUARD INTERM TERM BD INDEX ADMIRAL SHR(130,885.81 SHS) FMV 1499951 1499951 VANGUARD SHORT TERM BOND INDEX FUND ADMIRAL SHRS (433,560.787 SHS) FMV 4543717 4543717 ACADIAN EMERGING MKTS PORTFOLIO INST CL (186,017.728 SHS) FMV 3396684 3396684 PIMCO COMMODITY REAL RETURN STRAT INST (266,208.482 SHS) FMV 1192614 1192614 T ROWE PRICE NEW ERA FUND (81,734.524 SHS) FMV 2815754 2815754 VANGUARD FTSE EMERGING MARKET ETF (12,806.1265 SHS) FMV 0 0 AMERICAN TOWER CORP REIT (986 SHS) FMV 97466 97466 OFFICE FURNITURE 13526 13526 0 SHARP COPIER 3865 3865 0 WAITING ROOM FURNITURE 13708 13708 0 ARTWORK - JAN'S OFFICE 1968 1968 0 TOSHIBA PHONE SYSTEM 2448 2448 0 NETWORK WEBSITE 5000 5000 0 DESIGN/PRODUCE WEBSITE 5000 5000 0 LAPTOP COMPUTER 1724 1724 0 DESK CHAIR 690 690 0 JAN AND PAT'S COMPUTER 1524 1524 0 VIDEO CONFERENCE EQUIP 2500 1750 750 LEGAL FEES 12812 2562 10250 EXECUTIVE COMPENSATION PLAN 97574 104948 104948 DISTRIBUTION RECEIVABLE 3808005 1005571 1005571 HOLDBACK RECEIVABLE 228439 0 0 UNREALIZED LOSS 1755313 NONDEDUCTIBLE EXPENSE 665 BANK CHARGES 18 0 18 COMPUTER EXPENSE 750 0 750 DUES AND SUBSCRIPTIONS 4331 0 4331 INSURANCE 3529 0 3529 INTERNET EXPENSE 239 0 239 MEALS AND ENTERTAINMENT 4674 0 4674 OFFICE SUPPLIES 1643 0 1643 PARKING 2991 0 2991 PAYROLL PROCESSING 1271 0 1271 POSTAGE 400 0 400 PASS THROUGH PARTNERSHIP K-1 -101575 0 -101575 INVESTMENT ADVISOR 100491 100491 0 INVESTMENT EXPENSES 465307 465307 0 FOREIGN AND EXCISE TAXES PAID 139496 45159 0