SALEM FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SALEM FOUNDATION (EIN 13-7196668)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202443209349100649
- 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 Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T08:27:53-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CITIZENS PLAZA 9TH FLOOR | AddressLine1Txt |
| City | PROVIDENCE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02903 | 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 | 137196668 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SALEM FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALE | BusinessNameControlTxt |
| Phone | 6179333666 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO PAUL MCCOY 31 ST JAMES AVE 740 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL SALEM | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6179333666 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
| Form8822 B Attached | Yes (X) | Form8822BAttachedInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRENDA L BOOTH | PreparerPersonNm |
| PTIN | P01342395 | PTIN |
| Phone | 4016263200 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| 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) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $73,019,102 | 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 | $9,400,178 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $43,654 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $43,654 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,433,850 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,433,850 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,507,101 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,804,277 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,507,101 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $77,935 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $16,462,718 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,984,605 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $157,078 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $152,299 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $135,105 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $14,159 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $8,423 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $50 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $300,606 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $166,458 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $50 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,047,998 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,047,998 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,348,604 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $166,458 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,048,048 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $14,114,114 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,818,147 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,437,501 | CashBOYAmt |
| Cash EOY | $644,048 | CashEOYAmt |
| Cash EOYFMV | $644,156 | CashEOYFMVAmt |
| Corporate Stock BOY | $28,572,023 | CorporateStockBOYAmt |
| Corporate Stock EOY | $35,308,203 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $56,684,978 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $9,705,736 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $12,430,632 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $12,687,432 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,471,817 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,499,276 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,002,536 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $42,187,077 | TotalAssetsBOYAmt |
| Total Assets EOY | $50,882,159 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $73,019,102 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $42,187,077 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $50,882,159 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $42,187,077 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $50,882,159 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $42,187,077 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $50,882,159 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $42,187,077 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $14,114,114 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $56,301,191 | SubtotalAmt |
| Other Decreases | $5,419,032 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $50,882,159 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITES - GOLDMAN SACHS - 709-2 | P | $1,358,276 | $1,468,461 | -$110,185 | -$110,185 |
| PUBLICLY TRADED SECURITES - GOLDMAN SACHS - 709-2 | P | $1,910,518 | $2,084,686 | -$174,168 | -$174,168 |
| PUBLICLY TRADED SECURITES - GOLDMAN SACHS - 294-1 | P | $458,851 | $477,336 | -$18,485 | -$18,485 |
| PUBLICLY TRADED SECURITES - GOLDMAN SACHS - 294-1 | P | $356,864 | $282,868 | $73,996 | $73,996 |
| PUBLICLY TRADED SECURITES - GOLDMAN SACHS - 152-6 | P | $1,287,772 | $752,577 | $535,195 | $535,195 |
| PUBLICLY TRADED SECURITES - GOLDMAN SACHS - 152-6 | P | $9,424,859 | $4,231,146 | $5,193,713 | $5,193,713 |
| FIERA: NONUS EQUITY | P | $102 | -$102 | -$102 | |
| FIERA: NONUS EQUITY | P | $5,241 | $5,241 | $5,241 | |
| CAPITAL GAINS DIVIDENDS | P | $1,896 | $1,896 | $1,896 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,507,101 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $406,423 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $94,772 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $94,772 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $94,772 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $43,340 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $100,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $143,340 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $48,568 | OverpaymentAmt |
| Applied To ES Tax | $48,568 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | RI | 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 | N/A | WebsiteAddressTxt |
| Individual With Books | PAUL MCCOY | IndividualWithBooksNm |
| Phone | 6179333666 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ST JAMES AVE 740 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL J SALEM | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13886 CHESTER BAY LANE | AddressLine1Txt |
| City | NORTH PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 5.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $59,971,529 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,262,752 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $61,234,281 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $61,234,281 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $918,514 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $60,315,767 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,015,788 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,015,788 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $94,772 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $94,772 | TotalTaxAmt |
| Distributable Before Adj | $2,921,016 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,921,016 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,921,016 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,048,048 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,048,048 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,921,016 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,748,710 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $5,149,627 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $5,258,346 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,165,851 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,743,994 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $18,066,528 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,048,048 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,048,048 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $872,968 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $872,968 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $17,193,560 | 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 | $875,742 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $16,317,818 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $5,149,627 | ExcessFromYear4Amt |
| Excess From Year3 | $5,258,346 | ExcessFromYear3Amt |
| Excess From Year2 | $3,165,851 | ExcessFromYear2Amt |
| Excess From Year1 | $2,743,994 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PAUL J SALEM | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PAUL J SALEM | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13886 CHESTER BAY LANE | AddressLine1Txt |
| City | NORTH PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4014571700 | RecipientPhoneNum |
| Form And Info And Materials | NO STANDARD FORMAT REQUIRED | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| BILLY ANDRADEBRAD FAXON CHARITIES FOR CHILDREN | ||||||
| PO BOX 3305 | SOUTH ATTLEBORO | MA | 02703 | PUBLIC CHARITY | TO PROVIDE GRANTS TO CHARITIES SERVING CHILDREN AGE 18 AND UNDER. TO FUND PROGRAMS THAT DIRECTLY AFFECT AT-RISK CHILDREN | $25,000 |
| CAMPAIGN FOR CATHOLIC SCHOOLS | ||||||
| 66 BROOKS DRIVE | BRAINTREE | MA | 02184 | PUBLIC CHARITY | TO PROVIDE THE OPPORTUNITY FOR ALL YOUNG PEOPLE TO EXPERIENCE THE VALUE OF A QUALITY CATHOLIC EDUCATION. | $50,000 |
| COLLEGE BOUND DORCHESTER INC (UNCORNERED) | ||||||
| 222 BOWDOIN STREET | DORCHESTER | MA | 02122 | PUBLIC CHARITY | BUILT BY, AND FOR, THE COMMUNITY AND INDIVIDUALS WHO BELIEVE IN THE TRANSFORMATIVE POWER OF EDUCATION, AND CURRENTLY OPERATES AS BOSTON UNCORNERED. | $125,000 |
| FOUNDATION FOR THE CAROLINAS | ||||||
| 220 N TRYON STREET | CHARLOTTE | NC | 28202 | PUBLIC CHARITY | TO SERVE AS A CATALYST FOR PHILANTHROPIC ACTIVITY IN OUR 13-COUNTY REGION AND IS A DRIVER FOR MAJOR CIVIC EFFORTS. TO OFFER INNOVATIVE SOLUTIONS THAT HELP INDIVIDUALS, NONPROFITS AND COMPANIES BRING THEIR CHARITABLE VISIONS TO LIFE. | $50,000 |
| HARVARD BUSINESS SCHOOL | ||||||
| TEELE HALL 429 | BOSTON | MA | 02163 | PUBLIC CHARITY | EDUCATIONAL TO SUPPORT STUDENT NEEDS. | $200,000 |
| IONA UNIVERSITY | ||||||
| 715 NORTH AVENUE | NEW ROCHELLE | NY | 10801 | PUBLIC CHARITY | TO PROVIDE HIGHER EDUCATION WITHIN RICH HERITAGE OF DIVERSE CHRISTIAN AND CATHOLIC LEGACIES, ESPECIALLY INTELLECTUAL INQUIRY AND THE VALUES OF JUSTICE, PEACE, AND SERVICE. | $10,000 |
| LPA DISTRICT 1 | ||||||
| 539 LOWELL STREET | WAKEFIELD | MA | 01880 | PUBLIC CHARITY | PROVIDE SUPPORT AND INFORMATION TO PEOPLE OF SHORT STATURE AND THEIR FAMILIES. | $26,000 |
| MELMARK NEW ENGLAND INC | ||||||
| 461 RIVER ROAD | ANDOVER | MA | 01810 | PUBLIC CHARITY | TO ASSIST IN TEACHING, INSTRUCTIONS AND PROVIDING SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES INCLUDING CHILDREN WITH AUTISM SPECTRUM DISORDERS, ACQUIRED BRAIN INJURY AND OTHER NEUROLOGICALLY BASED DISORDERS. | $25,000 |
| PANMASS CHALLENGE | ||||||
| 77 4TH AVE | NEEDHAM | MA | 02494 | PUBLIC CHARITY | RAISES MONEY FOR LIFESAVING CANCER RESEARCH AND TREATMENT AT DANAFARBER CANCER INSTITUTE | $100,000 |
| SAVE THE BAY INC | ||||||
| 100 SAVE THE BAY DRIVE | PROVIDENCE | RI | 02905 | PUBLIC CHARITY | SAVE THE BAY PROTECTS, RESTORES, AND IMPROVES THE ECOLOGICAL HEALTH OF THE NARRANGANSETT BAY REGION, INCLUDING ITS WATERSHED AND ADJACENT COASTAL WATERS, THROUGH AN ECOSYSTEMBASED APPROACH TO ENVIORNMENTAL ACTION | $50,000 |
| SQUASHBUSTERS INC | ||||||
| 795 COLUMBUS AVANUE | ROXBURY CROSSING | MA | 02120 | PUBLIC CHARITY | TO CHALLENGE AND NURTURE URBAN YOUTH AS STUDENTS, ATHLETES AND CITIZENS SO THAT THEY RECOGNIZE AND FULFILL THEIR FULLEST POTENTIAL IN LIFE | $60,000 |
| ST BALDRICK'S FOUNDATION | ||||||
| 1333 SOUTH MAYFLOWER AVE STE 400 | MONROVIA | CA | 91016 | PUBLIC CHARITY | A VOLUNTEER AND DONOR POWERED CHARITY COMMITTED TO FUNDING THE MOST PROMISING RESEARCH TO FIND CURES FOR CHILDHOOD CANCERS AND GIVE SURVIVORS LONG AND HEALTHLY LIVES | $10,000 |
| STEPPINGSTONE | ||||||
| 1 APPLETON STREET | BOSTON | MA | 02116 | PUBLIC CHARITY | TO PREPARE STUDENTS FROM HISTORICALLY MARGINALIZED COMMUNITIES TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE. | $10,000 |
| TEACH AMERICA | ||||||
| 25 BROADWAY 12TH FLOOR | NEW YORK | NY | 10004 | PUBLIC CHARITY | FINDS, DEVELOPS, AND SUPPORTS A DIVERSE NETWORK OF LEADERS WHO EXPAND OPPORTUNITY FOR CHILDREN FROM CLASSROOMS, SCHOOLS, AND EVERY SECTOR AND FIELD THAT SHAPES THE BROADER SYSTEMS IN WHICH SCHOOLS OPERATE. | $20,000 |
| THE ISLAND SCHOOL-CAPE ELEUTHERA FOUNDATION | ||||||
| PO BOX 5910 | PRINCETON | NJ | 08543 | PUBLIC CHARITY | PROVIDE CHARITABLE FUNDING SUPPORT FOR PLACE-BASED EDUCATION, SCIENTIFIC RESEARCH, AND THE DEVELOPMENT OF SUSTAINABLE TECHNOLOGIES THAT PROMOTE A MORE LIVEABLE FUTURE ON THE ISLAND OF ELEUTHERA, THE BAHAMAS AND THE COASTAL COMMUNITIES THROUGHOUT THE WORLD. | $10,000 |
| THE NAVY SEAL VETERANS FOUNDATION | ||||||
| 1619 D STREET | VIRGINIA BEACH | VA | 23456 | PUBLIC CHARITY | THE FOUNDATION RAISES FUNDS FOR THE ASSOCIATIONS LIFE ASSISTANCE, AND SCHOLARSHIP PROGRAMS. OUR GOAL IS TO KEEP THE BROTHERHOOD AND THEIR FAMILIES STRONG AND SECURE. | $60,000 |
| UMASS AMHERST FOUNDATION | ||||||
| 134 HICKS WAY | AMHERST | MA | 01003 | PUBLIC CHARITY | LEADS AND SUPPORTS PRIVATE FUND RAISING ON BEHALF OF THE FACULTY, STAFF AND STUDENTS OF THE AMHERST CAMPUS. | $1,000 |
| UNIVERSITY OF NOTRE DAME | ||||||
| 1100 GRACE HALL | NOTRE DAME | IN | 46556 | PUBLIC CHARITY | PROVIDE HIGHER EDUCATION TO STUDENTS AND SCHOLARS | $200,000 |
| WOOSOX FOUNDATION | ||||||
| 100 MADISON STREET | WORCESTER | MA | 01608 | PUBLIC CHARITY | TO MAKE DREAMS COME TRUE FOR THE FAMILIES IN THE CITY OF WORCESTER, THE COMMONWEALTH OF MASSACHUSETTS, AND THE SURROUNDING REGION IN NEW ENGLAND. THE AREAS OF FOCUS ARE EDUCATION, SOCIAL JUSTICE, CONQUERING CANCER, AND RECREATION. | $15,998 |
| YEAR UP | ||||||
| 45 MILK STREET 9TH FLOOR | BOSTON | MA | 02109 | PUBLIC CHARITY | TO FURTHER YOUNG ADULTS TECHNICAL & PROFESSIONAL SKILLS | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,047,998 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| COLLEGE BOUND DORCHESTER INC (UNCORNERED) | |||||
| 222 BOWDOIN STREET | DORCHESTER | MA | 02122 | BUILT BY, AND FOR, THE COMMUNITY AND INDIVIDUALS WHO BELIEVE IN THE TRANSFORMATIVE POWER OF EDUCATION, AND CURRENTLY OPERATES AS BOSTON UNCORNERED. | $250,000 |
| HARVARD BUSINESS SCHOOL | |||||
| TEELE HALL 429 | BOSTON | MA | 02163 | EDUCATIONAL TO SUPPORT STUDENT NEEDS. | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $750,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $43,654 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,433,850 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $77,935 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,507,101 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $7,062,540 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,062,540 | TotalIncomeProducingActyAmt |
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 | PAUL SALEM | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13886 CHESTER BAY LANE | AddressLine1Txt |
| City | NORTH PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $9,400,178 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 224,272 SHARES OF VARIOUS STOCK WITH A FMV OF $9,400,178 AND A COST BASIS OF $3,058,350. | NoncashPropertyDesc |
| Fair Market Value | $9,400,178 | FairMarketValueAmt |
| Received | 2023-12-22 | ReceivedDt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | GOLDMAN SACHS 942-2 | BondNm |
| EOY Book Value | $12,430,632 | EOYBookValueAmt |
| EOYFMV | $12,687,432 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GOLDMAN SACHS 152-6 | $7,635,622 | $18,389,680 |
| GOLDMAN SACHS 294-1 | $1,203,980 | $2,133,878 |
| GOLDMAN SACHS 709-2 | $6,179,142 | $7,147,962 |
| GOLDMAN SACHS 942-2 | $18,542,749 | $25,020,854 |
| GOLDMAN SACHS 693-7 | $1,746,710 | $3,992,604 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FIERA: NON-US EQUITY LLC | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $2,499,276 | BookValueAmt |
| EOYFMV | $3,002,536 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ADJUSTMENT FOR FMV OF CONTRIBUTION | $5,169,032 |
| CHECKS WRITTEN IN PRIOR YEAR AND CLEARED IN CURRENT YEAR | $250,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| RI STATE FILING FEE | $50 | $0 | $0 | $50 |
| FIERA NON-US EQUITY LLC | $3,871 | $0 | $0 | $0 |
| OTHER EXPENSES | $4,502 | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| EDGE | $0 | $0 | $0 |
| NON DIVIDEND DISTRIBUTIONS | $77,935 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT FEES | $144,968 | $144,968 | $0 | $0 |
| NON-DEDUCTABLE EXPENSES | $4,779 | $0 | $0 | $0 |
| ACCOUNTING & ADR FEES | $7,331 | $7,331 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES | $14,159 | $14,159 | $0 | $0 |
| TAXES | $120,000 | $0 | $0 | $0 |
| RECLAIMABLE FOREIGN TAXES | $946 | $0 | $0 | $0 |
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