ABRAMS FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FOUNDATION INC (EIN 04-6856820)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-12
- IRS object ID
- 202423179349103107
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-12T15:20:20-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 133791592 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PERELSON WEINER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 PARK AVENUE 2ND FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101710002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046856820 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABRAMS FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ABRA | BusinessNameControlTxt |
| Phone | 6176466140 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 BERKELEY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID ABRAMS | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 6176466140 | PhoneNum |
| Signature | 2024-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RIAZ S QUREISHI CPA | PreparerPersonNm |
| PTIN | P00047903 | PTIN |
| Phone | 2126053100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $132,589,146 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $6,000,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $2,533,001 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,533,001 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,307,115 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,901,006 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,307,115 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$56,711 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $173 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $9,783,405 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,840,289 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $154,565 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $154,565 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $228,927 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $218,412 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $515 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $216,207 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $215,901 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $599,699 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $588,878 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $515 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,656,666 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,656,631 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,256,365 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $588,878 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,657,146 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,527,040 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,251,411 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,210,749 | CashBOYAmt |
| Cash EOY | $2,567,622 | CashEOYAmt |
| Cash EOYFMV | $2,567,622 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $161,542 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $175,104 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $175,104 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $6,450,638 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,600,066 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $16,262,660 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $90,489,866 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $93,497,043 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $113,583,760 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $101,312,795 | TotalAssetsBOYAmt |
| Total Assets EOY | $102,839,835 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $132,589,146 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $150,015 | CapitalStockBOYAmt |
| Capital Stock EOY | $150,015 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $101,162,780 | RetainedEarningBOYAmt |
| Retained Earning EOY | $102,689,820 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $101,312,795 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $102,839,835 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $101,312,795 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $102,839,835 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $101,312,795 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,527,040 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $102,839,835 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $102,839,835 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| GARDNER RUSSO & GARDNER LLC | $668,093 | $572,767 | $95,326 | $95,326 | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | $21,124 | -$21,124 | -$21,124 | P | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | $1,232,913 | $1,232,913 | $1,232,913 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,307,115 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $45,195 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $45,195 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $45,195 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $91,903 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $25,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $116,903 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $71,708 | OverpaymentAmt |
| Applied To ES Tax | $71,708 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.ABRAMSFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | DAVID AMY ABRAMS | IndividualWithBooksNm |
| Phone | 6176466140 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 BERKELEY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID C ABRAMS | ||||||||
| 222 BERKELEY STREET | BOSTON | MA | 02116 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| AMY ABRAMS | ||||||||
| 222 BERKELEY STREET | BOSTON | MA | 02116 | DIRECTOR | 20.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARDNER RUSSO & GARDNER | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 223 EAST CHESTNUT STREET | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT SERVICES | ServiceTypeTxt |
| Compensation | $154,565 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $15,171,686 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,725,745 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $101,443,157 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $120,340,588 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $120,340,588 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,805,109 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $118,535,479 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,926,774 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,926,774 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $45,195 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $65 | IncomeTaxAmt |
| Total Tax | $45,260 | TotalTaxAmt |
| Distributable Before Adj | $5,881,514 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,881,514 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,881,514 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,657,146 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $7,657,146 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,881,514 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,152,003 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,118,240 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,134,421 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,189,772 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $261,250 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,855,686 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,657,146 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,881,514 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,775,632 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,631,318 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,152,003 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,479,315 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,118,240 | ExcessFromYear4Amt |
| Excess From Year3 | $3,134,421 | ExcessFromYear3Amt |
| Excess From Year2 | $2,189,772 | ExcessFromYear2Amt |
| Excess From Year1 | $261,250 | ExcessFromYear1Amt |
| Excess From Current Year | $1,775,632 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DAVID C ABRAMS | ContributingManagerNm |
| Contributing Manager | AMY ABRAMS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (25 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| AMERICAN JOURNALISM PROJECT | ||||||||
| 6218 GEORGIA AVENUE NW | WASHINGTON | DC | 20011 | NONE | PUBLIC CHARITY | IN SUPPORT OF FUND II | $2,500,000 | |
| BARD COLLEGE | ||||||||
| 30 CAMPUS ROAD | ANNANDALEONHUDSON | NY | 12504 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT FOR BARD PRISON INITIATIVE. | $25,000 | |
| BOYS AND GIRLS CLUBS OF BOSTON | ||||||||
| 200 HIGH STREET 3RD FL | BOSTON | MA | 02110 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $50,000 | |
| BRAVEN INCORPORATED | ||||||||
| 100 N SALLE STREET STE 310 | CHICAGO | IL | 60602 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $50,000 | |
| BROWN UNIVERSITY | ||||||||
| 94 WATERMAN STREET | PROVIDENCE | RI | 02912 | NONE | PUBLIC CHARITY | IN SUPPORT OF BROWN CENTER FOR THE STUDY OF SLAVERY & JUSTICE | $416,666 | |
| COMMITTEE TO PROTECT JOURNALISTS | ||||||||
| KNIGHT FOUNDATION PRESS FREEDOM | NEW YORK | NY | 10018 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $25,000 | CENTER 509 W 38TH STREET |
| EMERSON COLLEGE | ||||||||
| 120 BOYLSTON STREET | BOSTON | MA | 02116 | NONE | PUBLIC CHARITY | ARTSEMERSON GENERAL OPERATING SUPPORT AND ARTSEMERSON GAINING GROUND FUND | $50,000 | |
| EQUAL JUSTICE INITIATIVE | ||||||||
| 122 COMMERCE STREET | MONTGOMERY | AL | 36104 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $25,000 | |
| FIRELIGHT MEDIA INC | ||||||||
| 72 HAMILTON TERRACE | NEW YORK | NY | 10031 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $100,000 | |
| HARVARD UNIVERSITY | ||||||||
| ONE FRANCIS AVENUE | CAMBRIDGE | MA | 02138 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT FOR THE NIEMAN FOUNDATION FOR JOURNALISM. | $50,000 | |
| JAZZ AT LINCOLN CENTER | ||||||||
| 3 COLUMBUS CIRCLE 12 FL | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $100,000 | |
| PROPUBLICA | ||||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | SUPPORT OF PROPUBLICA LOCAL REPORTING NETWORK | $1,300,000 | |
| PROPUBLICA | ||||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | SUPPORT OF PROPUBLICA LOCAL REPORTING NETWORK | $625,000 | |
| PUBLIC ART FUND | ||||||||
| 1 E 53RD STREET | NEW YORK | NY | 10022 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE FELIPE BAEZA: UNRULY FORMS AND FRED EVERSLEY: PARABOLIC LIGHT EXHIBITIONS | $100,000 | |
| REPORTERS COMMITTEE FOR FREEDOM OF THE PRESS | ||||||||
| 1156 15TH STREET NW STE 1020 | WASHINGTON | DC | 200051754 | NONE | PUBLIC CHARITY | TO SUPPORT THE LOCAL LEGAL INITIATIVE | $200,000 | |
| SMITHSONIAN INSTITUTION - NATIONAL MUSEUM OF AFRICAN AMERICAN | ||||||||
| HISTORY AND CULTURE 1400 CONSTITUTI | WASHINGTON | DC | 20560 | NONE | PUBLIC CHARITY | TO SUPPORT THE CENTER FOR THE STUDY OF GLOBAL SLAVERY AT THE NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND CULTURE | $500,000 | N AVE NW MRC 1405 |
| THE 19TH NEWS | ||||||||
| 3571 FAR WEST BLVD 3497 | AUSTIN | TX | 78731 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT TO ADVANCE REPRODUCTIVE RIGHTS COVERAGE | $200,000 | |
| THE MARSHALL PROJECT | ||||||||
| 156 WEST 56TH THIRD FLOOR | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL OPERATING SUPPORT | $50,000 | |
| THE PUBLIC THEATER | ||||||||
| 425 LAFAYETTE STREET | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | IN SUPPORT OF PUBLIC WORKS AND MOBILE UNIT | $150,000 | |
| THE TANK LTD | ||||||||
| 312 W 36TH ST | NEW YORK | NY | 10018 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE WORK OF RADAR FESTIVAL LLC | $65,000 | |
| WGBH EDUCATIONAL FOUNDATION | ||||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | SUPPORT OF THE ENTERPRISE JOURNALISM INITIATIVE/FRONTLINE SERIES SUPPORT AND FRONTLINE DISPATCH PODCAST | $525,000 | |
| WGBH EDUCATIONAL FOUNDATION | ||||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | FRONTLINE'S INVESTIGATIVE JOURNALIST EQUITY INITIATIVE | $125,000 | |
| WGBH EDUCATIONAL FOUNDATION | ||||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | FRONTLINE'S INVESTIGATIVE JOURNALIST EQUITY INITIATIVE | $125,000 | |
| WHITNEY MUSEUM OF AMERICAN ART | ||||||||
| 99 GANSEVOORT ST | NEW YORK | NY | 10014 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE EXHIBITION RUTH ASAWA THROUGH LINE | $50,000 | |
| YEAR UP INC | ||||||||
| 45 MILK STREET 9TH FLOOR | BOSTON | MA | 02109 | NONE | PUBLIC CHARITY | TO SUPPORT THE CAMPAIGN FOR AN EQUITABLE FUTURE | $250,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,656,666 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,533,001 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $173 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,307,115 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| NET UBTI FROM PARTNERSHIPS | 900001 | -$57,601 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | 900001 | $717 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$56,884 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,840,289 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,783,405 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | N/A | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | DAVID C AND AMY ABRAMS | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 BERKELEY STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $6,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | GARDNER RUSSO & GARDNER - VARIOUS PUBLICLY TRADED SECURITIES | StockNm |
| EOY Book Value | $6,600,066 | EOYBookValueAmt |
| EOYFMV | $16,262,660 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (18 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACACIA INSTITUTIONAL PARTNERS, L.P.. | AT COST | $18,192,929 | $19,316,000 |
| ARBITER PARTNERS QP, LP | AT COST | $3,737,389 | $2,149,000 |
| ARBITER SPECIAL OPPORTUNITIES FUND I, LP | AT COST | $851,519 | $1,398,000 |
| ARBITER SPECIAL OPPORTUNITIES FUND II, LP | AT COST | $2,446,969 | $1,929,000 |
| BAUPOST LIMITED PARTNERSHIP 1983 C-1 | AT COST | $11,146,493 | $10,924,000 |
| BRACEBRIDGE CAPITAL | AT COST | $10,000,000 | $12,353,766 |
| BROWNING WEST | AT COST | $5,000,000 | $4,899,093 |
| CROSS SHORE FUND, LTD. | AT COST | $1,000,000 | $2,062,096 |
| FINEPOINT CAPITAL PARTNERS II, L.P. | AT COST | $6,859,400 | $6,919,000 |
| GREENLIGHT CAPITAL | AT COST | $3,271,500 | $4,746,327 |
| HIGHVISTA OFFSHORE LTD | AT COST | $1,595,602 | $2,947,264 |
| KENSICO OFFSHORE FUND LTD | AT COST | $7,650,000 | $20,129,311 |
| NEWTYN TE PARTNERS, LP | AT COST | $10,652,373 | $13,000,000 |
| ROUTE ONE OFFSHORE FUND | AT COST | $2,500,000 | $3,525,370 |
| SOLEL CAPITAL PARTNERS | AT COST | $2,501,551 | $2,910,000 |
| WORLDLY PARTNERS | AT COST | $4,862,798 | $2,880,000 |
| GCOM OFFSHORE HOLDINGS LTD | AT COST | $1,228,500 | $1,495,533 |
| SPT LLC | AT COST | $20 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| THRU K-1 INVESTMENTS - NET INVESTMENT EXPENSES | $215,901 | $215,901 | $0 |
| THRU K-1 INVESTMENTS - OTHER PARTNERSHIP EXPENSES | $306 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| LITIGATION SETTLEMENT | $173 | $173 | $173 |
| NET UBTI FROM PARTNERSHIPS | -$57,601 | -$57,601 | |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | $717 | $717 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $154,565 | Amt |
| Net Investment Income | $154,565 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $27,580 | $27,580 | $0 |
| THRU K-1 INVESTMENTS - FOREIGN TAXES | $190,832 | $190,832 | $0 |
| MA TAXES | $515 | $0 | $515 |
| FEDERAL TAXES | $10,000 | $0 | $0 |
Comments