ABRAMS FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FOUNDATION INC (EIN 04-6856820)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-13
- IRS object ID
- 202343179349103049
- Schema version
- 2022v5.0
- 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 | 2023-11-13T15:16:38-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 | 2023-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | ABRAMS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| 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 |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $118,094,818 | 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 | $1,582,371 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,582,371 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $326,997 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,939,428 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $326,997 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $37,934 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $7,947,302 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,909,368 | 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 | $144,863 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $144,863 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $194,191 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $159,462 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,015 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $611,222 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $610,688 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $950,276 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $915,013 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,015 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,954,667 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,950,862 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,904,943 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $915,013 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,951,877 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,042,359 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $994,355 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,191,170 | CashBOYAmt |
| Cash EOY | $4,210,749 | CashEOYAmt |
| Cash EOYFMV | $4,210,749 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $868,388 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $161,542 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $161,542 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,938,126 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,450,638 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,732,218 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $89,272,752 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $90,489,866 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $99,990,309 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $100,270,436 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,312,795 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $118,094,818 | 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 | $100,120,421 | RetainedEarningBOYAmt |
| Retained Earning EOY | $101,162,780 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $100,270,436 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $101,312,795 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $100,270,436 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $101,312,795 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $100,270,436 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,042,359 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $101,312,795 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $101,312,795 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| GARDNER RUSSO & GARDNER LLC | $31,084 | $36,964 | -$5,880 | -$5,880 | |
| GARDNER RUSSO & GARDNER LLC | $541,240 | $791,725 | -$250,485 | -$250,485 | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | $783,742 | -$783,742 | -$783,742 | P | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | $1,367,104 | $1,367,104 | $1,367,104 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $326,997 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,822 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $13,822 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $13,822 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $105,725 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $105,725 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $91,903 | OverpaymentAmt |
| Applied To ES Tax | $91,903 | 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 | $144,863 | 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 | $13,576,022 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,222,293 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $96,174,096 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $115,972,411 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $115,972,411 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,739,586 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $114,232,825 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,711,641 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,711,641 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,822 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $7,192 | IncomeTaxAmt |
| Total Tax | $21,014 | TotalTaxAmt |
| Distributable Before Adj | $5,690,627 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,690,627 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,690,627 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,951,877 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,951,877 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,690,627 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $604,651 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,152,003 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,118,240 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,134,421 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,189,772 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $8,199,087 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,951,877 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,690,627 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $261,250 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $8,460,337 | 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 | $604,651 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,855,686 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,152,003 | ExcessFromYear4Amt |
| Excess From Year3 | $1,118,240 | ExcessFromYear3Amt |
| Excess From Year2 | $3,134,421 | ExcessFromYear2Amt |
| Excess From Year1 | $2,189,772 | ExcessFromYear1Amt |
| Excess From Current Year | $261,250 | 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 (26 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMERICAN JOURNALISM PROJECT | |||||||
| 6218 GEORGIA AVENUE NW | WASHINGTON | DC | 20011 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $750,000 |
| AMERICAN REPERTORY THEATER | |||||||
| 64 BRATTLE STREET | CAMBRIDGE | MA | 02138 | NONE | PUBLIC CHARITY | TO SUPPORT TWILIGHT: LOS ANGELES, 1992 TICKET SUBSIDY INITIATIVE | $25,000 |
| BARD COLLEGE | |||||||
| 30 CAMPUS ROAD | ANNANDALEONHUDSON | NY | 12504 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE BARD PRISON INITIATIVE | $25,000 |
| BOYS AND GIRLS CLUBS OF BOSTON | |||||||
| 200 HIGH STREET 3RD FL | BOSTON | MA | 02110 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $50,000 |
| BRAVEN INCORPORATED | |||||||
| 100 N SALLE STREET STE 310 | CHICAGO | IL | 60602 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $50,000 |
| BROWN UNIVERSITY | |||||||
| 94 WATERMAN STREET | PROVIDENCE | RI | 02912 | NONE | PUBLIC CHARITY | IN SUPPORT OF BROWN CENTER FOR THE STUDY OF SLAVERY & JUSTICE | $416,667 |
| CAPITAL B NEWS | |||||||
| 209 W29TH STREET STE 107 | NEW YORK | NY | 10001 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| COMMITTEE TO PROTECT JOURNALISTS | |||||||
| PO BOX 2675 | NEW YORK | NY | 10108 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 |
| 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 PURPOSE | $25,000 |
| FIRELIGHT MEDIA | |||||||
| 72 HAMILTON TERRACE | NEW YORK | NY | 10031 | NONE | PUBLIC CHARITY | TO SUPPORT THE DOCUMENTARY LAB FELLOWSHIP | $100,000 |
| HUNTINGTON THEATRE COMPANY | |||||||
| 264 HUNTINGTON AVENUE | BOSTON | MA | 02115 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE CAMPAIGN FOR THE NEW HUNTINGTON | $500,000 |
| ISABELLA STEWART GARDNER MUSEUM | |||||||
| 25 EVANS WAY | BOSTON | MA | 02115 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE BETYE SAAR/TRAVEL ALBUMS EXHIBITION | $200,000 |
| JAZZ AT LINCOLN CENTER | |||||||
| 3 COLUMBUS CIRCLE 12 FL | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| MUSEUM OF FINE ARTS | |||||||
| 465 HUNTINGTON AVENUE | BOSTON | MA | 02115 | NONE | PUBLIC CHARITY | TO SUPPORT THE EXHIBITION FRANK BOWLING'S AMERICA, 1966-75 | $150,000 |
| NIEMAN FOUNDATION FOR JOURNALISM | |||||||
| ONE FRANCIS AVENUE | CAMBRIDGE | MA | 02138 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 |
| PROPUBLICA | |||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | SUPPORT OF PROPUBLICA LOCAL REPORTING NETWORK | $625,000 |
| PROPUBLICA | |||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | TO SUPPORT ABRAMS JOURNALISM FELLOWS | $300,000 |
| PROPUBLICA | |||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | TO SUPPORT THE PROPUBLICA LOCAL REPORTING NETWORK | $625,000 |
| PUBLIC ART FUND | |||||||
| 1 E 53RD STREET | NEW YORK | NY | 10022 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE WENDY RED STAR: TRAVELS PRETTY EXHIBITION | $50,000 |
| 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 |
| 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 STE 701 | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | TO FUND DATA EDITOR AND STAFF WRITER POSITIONS | $355,000 |
| THE PUBLIC THEATER | |||||||
| 425 LAFAYETTE STREET | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | IN SUPPORT OF PUBLIC WORKS AND MOBILE UNIT | $150,000 |
| WGBH EDUCATIONAL FOUNDATION | |||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | INITIATIVES OF FRONTLINE | $608,000 |
| 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 | $5,954,667 | 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 | $1,582,371 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $326,997 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| NET UBTI FROM PARTNERSHIPS | 900001 | $14,820 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | 900001 | $23,114 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $37,934 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,909,368 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,947,302 | 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 | $6,450,638 | EOYBookValueAmt |
| EOYFMV | $13,732,218 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACACIA INSTITUTIONAL PARTNERS, L.P.. | AT COST | $16,966,022 | $16,995,000 |
| ARBITER PARTNERS QP, LP | AT COST | $4,014,437 | $2,421,000 |
| ARBITER SPECIAL OPPORTUNITIES FUND I, LP | AT COST | $845,202 | $1,246,000 |
| ARBITER SPECIAL OPPORTUNITIES FUND II, LP | AT COST | $2,395,616 | $1,706,000 |
| BAUPOST LIMITED PARTNERSHIP 1983 C-1 | AT COST | $11,100,257 | $10,776,000 |
| BRACEBRIDGE CAPITAL | AT COST | $10,000,000 | $11,400,116 |
| BROWNING WEST | AT COST | $5,000,000 | $3,423,276 |
| CROSS SHORE FUND, LTD. | AT COST | $1,000,000 | $1,801,599 |
| FINEPOINT CAPITAL PARTNERS II, L.P. | AT COST | $6,505,323 | $5,982,000 |
| GREENLIGHT CAPITAL | AT COST | $4,500,000 | $5,549,306 |
| HIGHVISTA OFFSHORE LTD | AT COST | $1,595,602 | $2,585,000 |
| KENSICO OFFSHORE FUND LTD | AT COST | $7,650,000 | $16,512,012 |
| NEWTYN TE PARTNERS, LP | AT COST | $9,257,931 | $12,114,000 |
| ROUTE ONE OFFSHORE FUND | AT COST | $2,500,000 | $2,859,000 |
| SOLEL CAPITAL PARTNERS | AT COST | $2,311,661 | $2,342,000 |
| WORLDLY PARTNERS | AT COST | $4,847,815 | $2,278,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| THRU K-1 INVESTMENTS - NET INVESTMENT EXPENSES | $610,688 | $610,688 | $0 |
| PENALTIES/INTEREST | $255 | $0 | $0 |
| THRU K-1 INVESTMENTS - OTHER PARTNERSHIP EXPENSES | $279 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| NET UBTI FROM PARTNERSHIPS | $14,820 | $14,820 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | $23,114 | $23,114 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $144,863 | Amt |
| Net Investment Income | $144,863 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $16,002 | $16,002 | $0 |
| THRU K-1 INVESTMENTS - FOREIGN TAXES | $143,460 | $143,460 | $0 |
| MA TAXES | $1,015 | $0 | $1,015 |
| FEDERAL TAXES | $33,714 | $0 | $0 |
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