ABRAMS FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FOUNDATION INC (EIN 04-6856820)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-10
- IRS object ID
- 202003159349100015
- Schema version
- 2019v5.1
- 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
- All Oth Prog Rltd Investments Sch
- 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 | 2020-11-10T08:12:50-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RIAZ S QUREISHI CPA | PreparerPersonNm |
| PTIN | P00047903 | PTIN |
| Phone | 2126053100 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 38.121.162.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-05 | IPDt |
| IP Tm | 14:40:54 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B602D594AFD2B0B327E07A06F36CA6A7E42546D0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F8224541BFB26792CBF6C70789587FD9D335B145 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $102,553,679 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,269,251 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,269,251 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,724,740 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,833,476 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,724,740 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $31,751 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,025,742 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,993,991 | 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 | $196,876 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $120,631 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $76,245 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $122,663 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $122,163 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $500 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $679,497 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $675,096 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,401 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $999,036 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $917,890 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $81,146 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,113,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,113,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,112,036 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $917,890 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,194,146 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$4,086,294 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,076,101 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,594,468 | CashBOYAmt |
| Cash EOY | $2,757,245 | CashEOYAmt |
| Cash EOYFMV | $2,757,245 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $43,669 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $51,092 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $51,092 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,823,272 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,117,222 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,862,173 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $67,041,850 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $70,490,535 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $86,883,169 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $83,503,259 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,416,094 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $102,553,679 | 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 | $83,353,244 | RetainedEarningBOYAmt |
| Retained Earning EOY | $79,266,079 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $83,503,259 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $79,416,094 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $83,503,259 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $79,416,094 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $83,503,259 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$4,086,294 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $79,416,965 | SubtotalAmt |
| Other Decreases | $871 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $79,416,094 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| GARDNER RUSSO & GARDNER LLC | P | $323,699 | $108,736 | $214,963 | $214,963 |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | P | $652,303 | $652,303 | $652,303 | |
| THRU K-1 AND OFFSHORE FUND INVESTMENTS | P | $857,474 | $857,474 | $857,474 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,724,740 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $6,269,610 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $103,393,371 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.060638 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,154,033 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $92,956,691 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.055446 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,222,843 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $86,248,935 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.060555 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,240,933 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $87,651,035 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.036975 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,609,259 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $80,270,309 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.057422 | DistributionYr5Rt |
| Total Distribution | 0.271036 | TotalDistributionRt |
| Average Distribution | 0.054207 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $102,046,713 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $5,531,646 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $20,761 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $5,552,407 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $6,194,146 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $20,761 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $20,761 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $20,761 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $140,637 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $140,637 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $119,876 | OverpaymentAmt |
| Applied To ES Tax | $119,876 | 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 | N/A | 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 | 1.00 | $0 | $0 | $0 |
| AMY ABRAMS | ||||||||
| 222 BERKELEY STREET | BOSTON | MA | 02116 | DIRECTOR | 8.00 | $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 | $120,631 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| All Other Program Rltd Invst Tot | $0 | AllOtherProgramRltdInvstTotAmt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,114,167 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,664,482 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $84,822,075 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $103,600,724 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $103,600,724 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,554,011 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $102,046,713 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,102,336 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,102,336 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $20,761 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $5,669 | IncomeTaxAmt |
| Total Tax | $26,430 | TotalTaxAmt |
| Distributable Before Adj | $5,075,906 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,075,906 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,075,906 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,194,146 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $6,194,146 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $20,761 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $6,173,385 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,075,906 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $681,382 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $962,790 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $604,651 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,152,003 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,400,826 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,194,146 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,075,906 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,118,240 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,519,066 | 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 | $681,382 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,837,684 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $962,790 | ExcessFromYear3Amt |
| Excess From Year2 | $604,651 | ExcessFromYear2Amt |
| Excess From Year1 | $1,152,003 | ExcessFromYear1Amt |
| Excess From Current Year | $1,118,240 | 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 (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BERKLEE COLLEGE OF MUSIC | |||||||
| 1140 BOYLSTON STREET | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | TO BENEFIT THE BERKLEE POPULAR MUSIC INSTITUTE | $1,000,000 |
| BOYS AND GIRLS CLUBS OF BOSTON | |||||||
| 200 HIGH STREET 3RD FLOOR | BOSTON | MA | 02110 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| BRAVEN | |||||||
| 171 NORTH ABERDEEN STREET STE 400 | CHICAGO | IL | 60607 | NONE | PUBLIC CHARITY | ANNUAL FUND | $50,000 |
| BROWN UNIVERSITY | |||||||
| 110 ELM STREET BOX 1893 | PROVIDENCE | RI | 02912 | NONE | PUBLIC CHARITY | ANNUAL FUND AND CENTER FOR THE STUDY OF SLAVERY & JUSTIFICE INNOVATION FUND | $50,000 |
| EQUAL JUSTICE INITIATIVE | |||||||
| 122 COMMERCE STREET | MONTGOMERY | AL | 36104 | NONE | PUBLIC CHARITY | TO BENEFIT THE RACIAL JUSTICE CAMPAIGN | $25,000 |
| HUNTINGTON THEATRE COMPANY | |||||||
| 281 HUNTINGTON AVENUE | BOSTON | MA | 02115 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $1,250,000 |
| ISABELLA STEWART GARDNER MUSEUM | |||||||
| 25 EVANS WAY | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | GENERAL PURPOSE AND EXHIBITIONS | $350,000 |
| MONTCLAIR STATE UNIVERSITY | |||||||
| 1 NORMAL AVE | MONTCLAIR | NJ | 07043 | NONE | PUBLIC CHARITY | TO SUPPORT THE CENTER FOR COOPERATIVE MEDIA | $25,000 |
| NIEMAN FOUNDATION FOR JOURNALISM | |||||||
| ONE FRANCIS AVE | CAMBRIDGE | MA | 02138 | NONE | PUBLIC CHARITY | SUPPORT FOR LOCAL INVESTIGATIVE JOURNALISM | $630,000 |
| PROPUBLICA | |||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | FELLOWSHIP GRANT, SUPPORT OF PROPUBLICA | $625,000 |
| THE MARSHALL PROJECT | |||||||
| 156 WEST 56TH STE 701 | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| THE PUBLIC THEATER | |||||||
| 425 LAFAYETTE STREET | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| WGBH | |||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | INITIATIVE OF FRONTLINE AND OTHER GENERAL PURPOSE | $1,683,000 |
| YEAR UP | |||||||
| 45 MILK STREET 9TH FLOOR | BOSTON | MA | 02109 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 |
| YOUTH VILLAGES | |||||||
| 400 WEST CUMMINGS PARK STE 5200 | WOBURN | MA | 01801 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,113,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,269,251 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,724,740 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd |
|---|---|---|---|
| NET UBTI FROM PARTNERSHIPS | 900099 | $9,968 | 14 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | 900099 | $21,783 | 18 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $31,751 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,993,991 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,025,742 | 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 |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
| Amt | $0 | Amt |
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 | $6,117,222 | EOYBookValueAmt |
| EOYFMV | $12,862,173 | 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 | $14,060,147 | $16,547,624 |
| ARBITER PARTNERS QP, LP | AT COST | $3,840,170 | $3,991,438 |
| ARBITER SPECIAL OPPORTUNITIES FUND I, LP | AT COST | $505,441 | $974,926 |
| ARBITER SPECIAL OPPORTUNITIES FUND II, LP | AT COST | $2,271,533 | $3,366,675 |
| BAUPOST LIMITED PARTNERSHIP 1983 C-1 | AT COST | $8,751,955 | $8,751,955 |
| BRACEBRIDGE CAPITAL | AT COST | $10,000,000 | $10,587,455 |
| CROSS SHORE FUND, LTD. | AT COST | $1,000,000 | $1,751,738 |
| FINEPOINT CAPITAL PARTNERS II, L.P. | AT COST | $5,522,890 | $5,621,861 |
| GREENLIGHT CAPITAL | AT COST | $4,500,000 | $3,404,386 |
| HIGHFIELDS CAPITAL IV LP | AT COST | $0 | $422,909 |
| HIGHVISTA OFFSHORE LTD | AT COST | $1,595,602 | $2,257,861 |
| KENSICO OFFSHORE FUND LTD | AT COST | $7,650,000 | $16,902,917 |
| NEWTYN TE PARTNERS, LP | AT COST | $6,402,858 | $6,927,069 |
| RATIONAL INVESTMENT GROUP, LP | AT COST | $891,692 | $1,451,278 |
| ROUTE ONE OFFSHORE FUND | AT COST | $2,500,000 | $2,837,972 |
| SOLEL CAPITAL PARTNERS | AT COST | $998,247 | $1,085,105 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX DIFFERENCE - PARTNERSHIP INCOME | Desc |
| Amt | $871 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER EXPENSES/FILING FEES | $4,401 | $0 | $4,401 |
| THRU K-1 INVESTMENTS - NET INVESTMENT EXPENSES | $675,096 | $675,096 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| NET UBTI FROM PARTNERSHIPS | $9,968 | $9,968 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | $21,783 | $21,783 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER PROFESSIONAL FEES | $76,245 | $0 | $76,245 |
| INVESTMENT MANAGEMENT FEES | $120,631 | $120,631 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $31,709 | $31,709 | $0 |
| THRU K-1 INVESTMENTS - FOREIGN TAXES | $90,454 | $90,454 | $0 |
| MA FILING FEES | $500 | $0 | $500 |
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