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Assets
Marketable securities $178,874,899
Money market funds 11,782,091
Accounts receivable 53,081
Furniture and fixtures 2,665
Petty cash, misc. 54,244
Total assets 190,766,980
Liabilities
General liabilities 679,170
Current income taxes 1,451,977
Total liabilities 2,131,147
Net assets 188,635,833
CCC’s securities portfolio, if sold on the valuation date, would
have produced a capital gain tax liability of $51,626,884. The
$188,635,833 net asset value, as of the date of decedent’s death,
did not include any reduction for any potential tax liability.
As of the date of decedent’s death, the composition of CCC’s
securities portfolio was 92 percent domestic equities and
8 percent international equities. CCC’s portfolio comprised
mostly large-cap stocks, devoting only a small portion of its
portfolio to emerging growth stocks. CCC benchmarked its large-
cap portfolio holdings against the S&P 500 Index and its emerging
growth portfolio holdings against the Russell 2000 Index.
Securities held by CCC were all publicly traded. Market values
for CCC’s portfolio were readily available at nominal or no cost.
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Last modified: May 25, 2011