BETA

ABRAMS FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY FOUNDATION (EIN 27-1665086)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-02
IRS object ID
202221229349100407
Schema version
2021v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-02T07:19:07-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN853725125PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DCA ACCOUNTING AND TAXBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15903 PLEASANT HILL RDAddressLine1Txt
CityMILFORDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP45150ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271665086EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABRAMS FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2MARLYON E ABRAMSBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlABRABusinessNameControlTxt
Phone5137214450PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 469AddressLine1Txt
CityWILLIAMSBURGCityNm
State AbbreviationOHStateAbbreviationCd
ZIP45176ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARLYON E ABRAMSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2022-04-29SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARLYONPersonFirstNm
Person LastABRAMSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROGER D CUPP CPAPreparerPersonNm
PTINP00171352PTIN
Phone5135766770PhoneNum
Preparation2022-05-02PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$22,454,704FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$162InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$162InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$327,505DividendsRevAndExpnssAmt
Dividends Net Invst Incm$327,505DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,007,284NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$7,717,864GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,007,284CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$83OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$4,335,034TotalRevAndExpnssAmt
Total Net Invst Incm$4,334,951TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,500AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$184,516OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$184,516OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$24,349TaxesRevAndExpnssAmt
Taxes Net Invst Incm$24,349TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$213,365TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$213,365TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$263,365TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$213,365TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,071,669ExcessRevenueOverExpensesAmt
Net Investment Income$4,121,586NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$966,731CashBOYAmt
Cash EOY$2,394,592CashEOYAmt
Corporate Stock BOY$9,938,700CorporateStockBOYAmt
Corporate Stock EOY$13,174,373CorporateStockEOYAmt
Corporate Stock EOYFMV$20,599,390CorporateStockEOYFMVAmt
Corporate Bonds BOY$1,907,458CorporateBondsBOYAmt
Corporate Bonds EOY$1,971,950CorporateBondsEOYAmt
Corporate Bonds EOYFMV$1,855,314CorporateBondsEOYFMVAmt
Total Assets BOY$12,812,889TotalAssetsBOYAmt
Total Assets EOY$17,540,915TotalAssetsEOYAmt
Total Assets EOYFMV$22,454,704TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$12,812,889RetainedEarningBOYAmt
Retained Earning EOY$17,540,915RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$12,812,889TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$17,540,915TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,812,889TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$17,540,915TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$12,812,889TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,071,669ExcessRevenueOverExpensesAmt
Other Increases$656,357OtherIncreasesAmt
Subtotal$17,540,915SubtotalAmt
Tot Net Ast Or Fund Balances EOY$17,540,915TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SHORT TERM GAINS -STATEMENT ATTACHEDP2020-12-252021-12-08$809,614$617,393$192,221$192,221
LONG-TERM GAINS - STATEMENT ATTACHEDP2020-02-252021-12-28$2,841,806$1,999,363$842,443$842,443
SHORT-TERM GAINS - STATEMENT ATTACHEP2020-03-252021-02-08$10,948$9,337$1,611$1,611
LONG-TERM GAINS - STATEMENT ATTACHEDP2019-12-102021-02-08$3,394,719$1,060,756$2,333,963$2,333,963
SHORT-TERM LOSS - STATEMENT ATTACHEDP2021-11-242021-12-15$11,102$11,423-$321-$321
SHORT-TERM GAINS - STATEMENT ATTACHEP2021-11-242021-12-07$12,391$12,308$83$83
FieldValueIRS element (for citing)
Capital Gain Net Income$4,007,284CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$193,594NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$57,290InvestmentIncomeExciseTaxAmt
Subtotal$57,290SubtotalAmt
Tax Based On Investment Income$57,290TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$83EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$83TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$678EsPenaltyAmt
Tax Due$57,885TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ANTHONY WATSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5133173861PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1882 PINE VALLEY LANEAddressLine1Txt
CityCINCINNATICityNm
State AbbreviationOHStateAbbreviationCd
ZIP45245ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MARLYON E ABRAMS
3717 BOOTJACK RDWILLIAMSBURGOH45176PRESIDENT2.00$0$0$0
KELLY WARD
PO BOX 550WILLIAMSBURGOH45176TREASURER2.00$0$0$0
DOUG LEFFERSON
3514 ISLAND TRAIL DRIVEWILLIAMSBURGOH45176SECRETARY2.00$0$0$0
ANTHONY WATSON
882 PINE VALLEY LANECINCINNATIOH45245VICE-PRESIDE2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$21,792,192AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,618,884AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$23,411,076TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$23,411,076AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$351,166CashDeemedCharitableAmt
Net Vl Noncharitable Assets$23,059,910NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,152,996MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,152,996MinimumInvestmentReturnAmt
Tax Based On Investment Income$57,290TaxBasedOnInvestmentIncomeAmt
Total Tax$57,290TotalTaxAmt
Distributable Before Adj$1,095,706DistributableBeforeAdjAmt
Distributable Before Ded$1,095,706DistributableBeforeDedAmt
Distributable As Adjusted$1,095,706DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,095,706DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$373,251ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$373,251TotalExcessDistributionCyovAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Current Year$50,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$373,251ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$373,251ExcessDistributionCyovAppCYAmt
Undistributed Income CY$672,455UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE ABRAMS FAMILY FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 469AddressLine1Txt
CityWILLIAMSBURGCityNm
State AbbreviationOHStateAbbreviationCd
ZIP45176ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5133173861RecipientPhoneNum
Form And Info And MaterialsNUMBER OF INDIVIDUALS SERVED IN PREVIOUS AND CURRENT YEAR TOTAL DOLLAR AMOUNT OF PROGRAM/PROJECT ONE COPY OF LETTER OF DETERMINATION FROM THE IRSFormAndInfoAndMaterialsTxt
Submission DeadlinesAPRIL 1SubmissionDeadlinesTxt
Restrictions On AwardsGRANTS WILL ONLY BE MADE TO AN ORGANIZATION WHICH PROVIDES A LETTER OF DETERMINATION BY THE IRS SHOWING ITS STATUS AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) NOT AS A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A). THE FOUNDATION INTENDS NOT TO PROVIDE CONTINUING SUPPORT TO ANY GRANTEERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1HOSPICE OF HOPE OHIO VALLEYBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1215 HUGHES BLVDAddressLine1Txt
CityMT ORABCityNm
State AbbreviationOHStateAbbreviationCd
ZIP45154ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusNURSING SVCSRecipientFoundationStatusTxt
Grant Or Contribution PurposeCAREGIVER TO OFFICERGrantOrContributionPurposeTxt
Amt$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$162ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$327,505ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$4,007,201ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUND RECEIVEDDesc
Exclusion1ExclusionCd
Exclusion$83ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,334,951ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,334,951TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$4,500Amt
Net Investment Income$4,500NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
How AcquiredPURCHASEHowAcquiredTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondTOTAL BOND INVESTMENT - SEE FORM 845BondNm
EOY Book Value$1,971,950EOYBookValueAmt
EOYFMV$1,855,314EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTOTAL CORPORATE STOCK INVESTMENT - SStockNm
EOY Book Value$13,174,373EOYBookValueAmt
EOYFMV$20,599,390EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFEDERAL TAX REFUND RECEIVEDDesc
Revenue And Expenses Per Books$83RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
NONDIVIDEND DISTRIBUTIONS$64,785
BOOK TAX DIFFERENCE ON UNREALIZED GAINS$591,572

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
UBS MANAGEMENT & SERVICE FEES$180,466$180,466
LEGAL FEES$4,050$4,050

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
OHIO ANNUAL REPORT FEE$200$200
FOREIGN TAX PAID$1,649$1,649
FEDERAL INCOME TAX PAID$22,500$22,500

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