ABRAMS FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FOUNDATION INC (EIN 04-6856820)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-11
- IRS object ID
- 202223159349102017
- Schema version
- 2021v4.2
- 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 Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-11T11:58:20-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 | 2022-11-11 | 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 |
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 | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $132,004,309 | 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 | $13,000,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $1,222,345 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,222,345 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,899,554 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,403,604 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,899,554 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $172,415 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $19,294,314 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,121,899 | 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 | $146,870 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $146,870 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $282,987 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $161,972 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $1,015 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $501,381 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $501,381 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $931,238 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $810,223 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,015 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,329,667 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,286,916 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,260,905 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $810,223 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,287,931 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $10,033,409 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,311,676 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $7,876,857 | CashBOYAmt |
| Cash EOY | $4,191,170 | CashEOYAmt |
| Cash EOYFMV | $4,191,170 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $387,555 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $868,388 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $868,388 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,871,590 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,938,126 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $14,920,188 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $76,101,492 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $89,272,752 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $112,024,563 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $90,237,494 | TotalAssetsBOYAmt |
| Total Assets EOY | $100,270,436 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $132,004,309 | 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 | $90,087,479 | RetainedEarningBOYAmt |
| Retained Earning EOY | $100,120,421 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $90,237,494 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $100,270,436 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $90,237,494 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $100,270,436 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $90,237,494 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $10,033,409 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $100,270,903 | SubtotalAmt |
| Other Decreases | $467 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $100,270,436 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| GARDNER RUSSO & GARDNER LLC | P | $1,406,314 | $899,123 | $507,191 | $507,191 |
| GARDNER RUSSO & GARDNER LLC | P | $29,405 | $31,368 | -$1,963 | -$1,963 |
| LOSS FROM DISPOSAL OF HIGHFIELDS CAPITAL | P | $3,119 | -$3,119 | -$3,119 | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | P | $570,440 | -$570,440 | -$570,440 | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | P | $4,967,885 | $4,967,885 | $4,967,885 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,899,554 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $73,832 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $73,832 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $73,832 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $179,557 | 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 | $179,557 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $105,725 | OverpaymentAmt |
| Applied To ES Tax | $105,725 | 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 | 25.00 | $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 | $146,870 | 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 | $14,310,506 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,233,079 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $105,322,886 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $125,866,471 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $125,866,471 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,887,997 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $123,978,474 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,198,924 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,198,924 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $73,832 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $26,933 | IncomeTaxAmt |
| Total Tax | $100,765 | TotalTaxAmt |
| Distributable Before Adj | $6,098,159 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $6,098,159 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $6,098,159 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,287,931 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $8,287,931 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,098,159 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $962,790 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $604,651 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,152,003 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,118,240 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $3,134,421 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $6,972,105 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,287,931 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,098,159 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $2,189,772 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,161,877 | 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 | $962,790 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,199,087 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $604,651 | ExcessFromYear4Amt |
| Excess From Year3 | $1,152,003 | ExcessFromYear3Amt |
| Excess From Year2 | $1,118,240 | ExcessFromYear2Amt |
| Excess From Year1 | $3,134,421 | ExcessFromYear1Amt |
| Excess From Current Year | $2,189,772 | 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 (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BARD COLLEGE | |||||||
| 30 CAMPUS ROAD | ANNANDALEONHUDSON | NY | 12504 | NONE | PUBLIC CHARITY | IN SUPPORT OF BARD PRISON INITIATIVE | $25,000 |
| BRAVEN INCORPORATED | |||||||
| 100 N SALLE STREET STE 310 | CHICAGO | IL | 60602 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $50,000 |
| BROWN UNIVERSITY | |||||||
| 110 ELM STREET BOX 1893 | PROVIDENCE | RI | 02912 | NONE | PUBLIC CHARITY | IN SUPPORT OF BROWN CENTER FOR THE STUDY OF SLAVERY & JUSTICE | $416,667 |
| COMMITTEE TO PROTECT JOURNALISTS | |||||||
| PO BOX 2675 | NEW YORK | NY | 10108 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 |
| EQUAL JUSTICE INITIATIVE | |||||||
| 122 COMMERCE STREET | MONTGOMERY | AL | 36104 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 |
| HUNTINGTON THEATRE COMPANY | |||||||
| 281 HUNTINGTON AVENUE | BOSTON | MA | 02115 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE CAPITAL CAMPAIGN | $1,250,000 |
| ISABELLA STEWART GARDNER MUSEUM | |||||||
| 25 EVANS WAY | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | TO SUPPORT THE EXHIBITION SIMONE MARTINI/TITUS KAPHAR | $200,000 |
| JAZZ AT LINCOLN CENTER | |||||||
| 3 COLUMBUS CIRCLE 12 FL | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| MIAMI FOUNDATION | |||||||
| 40 NW 3RD STREET STE 305 | MIAMI | FL | 33128 | NONE | PUBLIC CHARITY | IN SUPPORT OF NEWSMATCH AND LEGAL CLINIC FUND | $650,000 |
| MONTCLAIR STATE UNIVERSITY | |||||||
| 1 NORMAL AVE | MONTCLAIR | NJ | 07043 | NONE | PUBLIC CHARITY | TO SUPPORT THE CENTER FOR COOPERATIVE MEDIA | $25,000 |
| PROPUBLICA | |||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | FELLOWSHIP GRANT, SUPPORT OF PROPUBLICA LOCAL REPORTING NETWORK | $1,550,000 |
| PUBLIC ART FUND | |||||||
| 1 E 53RD | NEW YORK | NY | 10022 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $50,000 |
| REPORTERS COMM FOR FREEDOM OF THE PRESS | |||||||
| 1156 15TH STREET NW STE 1020 | WASHINGTON | DC | 200051754 | NONE | PUBLIC CHARITY | TO SUPPORT THE LOCAL LEGAL INITIATIVE | $50,000 |
| ROCKEFELLER PHILANTHROPHY ADVISORS | |||||||
| 6 WEST 48TH STREET | NEW YORK | NY | 10036 | NONE | PUBLIC CHARITY | IN SUPPORT OF AMERICA'S CULTURAL TREASURES | $2,500,000 |
| THE MARSHALL PROJECT | |||||||
| 156 WEST 56TH STE 701 | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | FUNDING NEW SENIOR DATA JOURNALIST AND STAFF WRITER POSITIONS | $355,000 |
| THE PUBLIC THEATER | |||||||
| 425 LAFAYETTE STREET | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| WGBH EDUCATIONAL FOUNDATION | |||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | INITIATIVES OF FRONTLINE | $708,000 |
| YEAR UP | |||||||
| 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 | $8,329,667 | 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 | $1,222,345 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,899,554 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| NET UBTI FROM PARTNERSHIPS | 900001 | $83,121 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | 900001 | $89,294 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $172,415 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,121,899 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,294,314 | 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 | 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 | $13,000,000 | 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 | $5,938,126 | EOYBookValueAmt |
| EOYFMV | $14,920,188 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (17 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ACACIA INSTITUTIONAL PARTNERS, L.P.. | AT COST | $17,641,202 | $22,700,000 |
| ARBITER PARTNERS QP, LP | AT COST | $3,787,335 | $3,307,000 |
| ARBITER SPECIAL OPPORTUNITIES FUND I, LP | AT COST | $790,165 | $1,256,000 |
| ARBITER SPECIAL OPPORTUNITIES FUND II, LP | AT COST | $2,374,068 | $2,201,000 |
| BAUPOST LIMITED PARTNERSHIP 1983 C-1 | AT COST | $10,585,226 | $11,224,000 |
| BRACEBRIDGE CAPITAL | AT COST | $10,000,000 | $11,445,803 |
| BROWNING WEST | AT COST | $5,000,000 | $5,426,750 |
| CROSS SHORE FUND, LTD. | AT COST | $1,000,000 | $2,195,000 |
| FINEPOINT CAPITAL PARTNERS II, L.P. | AT COST | $6,228,140 | $6,387,000 |
| GREENLIGHT CAPITAL | AT COST | $4,500,000 | $4,052,140 |
| HIGHFIELDS CAPITAL IV, LP | AT COST | $4,429 | $4,429 |
| HIGHVISTA OFFSHORE LTD | AT COST | $1,595,602 | $2,959,000 |
| KENSICO OFFSHORE FUND LTD | AT COST | $7,650,000 | $17,709,666 |
| NEWTYN TE PARTNERS, LP | AT COST | $8,414,584 | $10,428,000 |
| ROUTE ONE OFFSHORE FUND | AT COST | $2,500,000 | $3,176,775 |
| SOLEL CAPITAL PARTNERS | AT COST | $2,192,434 | $2,552,000 |
| WORDLDLY PARTNERS | AT COST | $5,009,567 | $5,000,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX DIFFERENCE - PARTNERSHIP NONDEDUCTIBLE EXPENSES | Desc |
| Amt | $467 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THRU K-1 INVESTMENTS - NET INVESTMENT EXPENSES | Desc |
| Revenue And Expenses Per Books | $501,381 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $501,381 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| NET UBTI FROM PARTNERSHIPS | $83,121 | $83,121 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | $89,294 | $89,294 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $146,870 | Amt |
| Net Investment Income | $146,870 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $26,547 | $26,547 | $0 |
| THRU K-1 INVESTMENTS - FOREIGN TAXES | $135,425 | $135,425 | $0 |
| MA FILING FEES | $1,015 | $0 | $1,015 |
| FEDERAL TAXES | $120,000 | $0 | $0 |
Comments