| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VANGUARD INST TOTAL STK MKT INDX FD | FMV | 1,184,036,661 | 1,184,036,661 |
| VANGUARD DEVELOPED MKT INDX FD | FMV | 569,688,054 | 569,688,054 |
| VANGUARD EMERG MKTS STK INDX FD | FMV | 96,511,145 | 96,511,145 |
| ART HELD FOR INVESTMENT | FMV | 8,077,000 |