| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VANGUARD INST TOTAL STK MKT INDX FD | FMV | 595,698,045 | 595,698,045 |
| VANGUARD DEVELOPED MKT INDX FD | FMV | 225,983,472 | 225,983,472 |
| VANGUARD EMERG MKTS STK INDX FD | FMV | 44,764,134 | 44,764,134 |
| VANGUARD ALLWRLD EX-US SMCAP INDXFD | FMV | 45,274,258 | 45,274,258 |
| ART HELD FOR INVESTMENT | FMV | 15,389,500 |