ABRAMS FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FOUNDATION INC (EIN 04-6856820)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201713199349100546
- Schema version
- 2016v3.0
- 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
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T09:15:09-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 | ONE DAG HAMMARSKJOLD PLAZA | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172286 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | 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 | 2017-11-14 | 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 | 65.209.90.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-14 | IPDt |
| IP Tm | 11:51:40 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8FF7CBC85E906265F99220CCF65A228828212279 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 18023F3E72DD4098E0E22954A4B48A84AF9AC4D3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $89,362,342 | 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 | $5,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $106 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $106 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,128,964 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,128,964 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,198,281 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,367,901 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,198,281 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $362,433 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $357 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $8,689,784 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,327,708 | 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 |
| Accounting Fees Rev And Expnss | $19,755 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,878 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $9,878 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $97,686 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $95,495 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,191 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $107,217 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $107,217 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $815,724 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $813,738 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,986 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,040,382 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,026,328 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $14,055 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,231,802 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,231,802 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,272,184 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,026,328 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,245,857 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,417,600 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,301,380 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,536,053 | CashBOYAmt |
| Cash EOY | $6,780,676 | CashEOYAmt |
| Cash EOYFMV | $6,780,676 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $533,122 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $555,094 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $555,094 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,129,665 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,433,452 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,286,021 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $865,245 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $896,668 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $860,597 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $44,876,112 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $57,526,004 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $71,879,954 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $55,940,197 | TotalAssetsBOYAmt |
| Total Assets EOY | $71,191,894 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $89,362,342 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $55,790,182 | RetainedEarningBOYAmt |
| Retained Earning EOY | $71,041,879 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $55,940,197 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $71,191,894 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $55,940,197 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $71,191,894 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $55,940,197 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,417,600 | ExcessRevenueOverExpensesAmt |
| Other Increases | $12,834,097 | OtherIncreasesAmt |
| Subtotal | $71,191,894 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $71,191,894 | 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 | P | $408,155 | $169,620 | $238,535 | $238,535 |
| THRU K-1 INVESTMENTS | P | $1,684,326 | $1,684,326 | $1,684,326 | |
| THRU K-1 INVESTMENTS | P | $275,420 | $275,420 | $275,420 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,198,281 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,240,933 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $87,651,035 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.036975 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $4,609,259 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $80,270,309 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.057422 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,443,778 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $67,678,622 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.050884 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,304,081 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $54,293,552 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.060856 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,779,070 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $53,165,788 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.071081 | DistributionYr5Rt |
| Total Distribution | 0.277218 | TotalDistributionRt |
| Average Distribution | 0.055444 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $86,248,935 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $4,781,986 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $23,014 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $4,805,000 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $5,245,857 | 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 | $23,014 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $23,014 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $23,014 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $52,815 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $25,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $77,815 | TotalPaymentsAndCreditsAmt |
| Overpayment | $54,801 | OverpaymentAmt |
| Applied To ES Tax | $54,801 | 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
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 | TRUSTEE AND DIRECTOR | 1.00 | $0 | $0 | $0 |
| AMY ABRAMS | ||||||||
| 222 BERKELEY STREET | BOSTON | MA | 02116 | TRUSTEE AND 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 | $94,124 | 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 | $9,988,891 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,483,546 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $71,089,934 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $87,562,371 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $87,562,371 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,313,436 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $86,248,935 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,312,447 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,312,447 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $23,014 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $6,366 | IncomeTaxAmt |
| Total Tax | $29,380 | TotalTaxAmt |
| Distributable Before Adj | $4,283,067 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,283,067 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,283,067 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,245,857 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $5,245,857 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $23,014 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,222,843 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,283,067 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $60,232 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $627,511 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $101,276 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $681,382 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,470,401 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $5,245,857 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,283,067 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $962,790 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,433,191 | 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 | $60,232 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,372,959 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $627,511 | ExcessFromYear4Amt |
| Excess From Year3 | $101,276 | ExcessFromYear3Amt |
| Excess From Year2 | $681,382 | ExcessFromYear2Amt |
| Excess From Current Year | $962,790 | 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 (25 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| BERKLEE COLLEGE OF MUSIC | ||||||||
| 1140 BOYLSTON STREET | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | TO BENEFIT THE BERKLEE POPULAR MUSIC INSTITUTE | $1,000,000 | |
| BOSTON ARTS ACADEMY | ||||||||
| 174 IPSWICH STREET | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE APOLLO AWARD | $10,000 | |
| BOYS AND GIRLS CLUBS OF BOSTON | ||||||||
| 200 HIGH STREET 3RD FLOOR | BOSTON | MA | 02110 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $350,000 | |
| BROWN UNIVERSITY | ||||||||
| 110 ELM STREET BOX 1893 | PROVIDENCE | RI | 02912 | NONE | PUBLIC CHARITY | ANNUAL FUND | $50,000 | |
| CIVIC LEADERSHIP FUND AT THE BOSTON FOUNDATION | ||||||||
| 75 ARLINGTON ST10TH FLOOR | BOSTON | MA | 02116 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 | |
| COLUMBIA UNIVERSITY - SIPA | ||||||||
| 420 WEST 118TH STREET MAIL CODE | NEW YORK | NY | 10027 | NONE | PUBLIC CHARITY | ANNUAL FUND; COLUMBIA CENTER ON GLOBAL ECONOMIC GOVERNANCE. | $50,000 | 3328 INTERNATIONAL AFFAIRS BUILDING |
| COLUMBIA UNIVERSITY SCHOOL OF BUSINESS | ||||||||
| 33 W 60TH STREET 7TH FL | NEW YORK | NY | 10023 | NONE | PUBLIC CHARITY | ANNUAL FUND | $25,000 | |
| COLUMBIA UNIVERSITY | ||||||||
| 704B PULITZER HALL | NEW YORK | NY | 10025 | NONE | PUBLIC CHARITY | IN SUPPORT OF THE TOW CENTERS PLATFORMS AND PUBLISHERS INITIATIVE | $25,000 | |
| COMBINED JEWISH PHILANTHROPIES BOSTON | ||||||||
| 126 HIGH STREET | BOSTON | MA | 02110 | NONE | PUBLIC CHARITY | $100,000 - BIRTHRIGHT ISRAEL, $100,000 OPERATING SUPPORT, $50,000 GENERAL SUPPORT | $250,000 | |
| EQUAL JUSTICE INITIATIVE | ||||||||
| 122 COMMERCE STREET | MONTGOMERY | AL | 36104 | NONE | PUBLIC CHARITY | TO BENEFIT THE RACIAL JUSTICE CAMPAIGN | $1,000,000 | |
| ISABELLA STEWART GARDNER MUSEUM | ||||||||
| 25 EVANS WAY | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | IN SUPPORT OF ARTS PROGRAMMING, MUSIC SERIES RISE, PERFORMING ARTS, ANNUAL FUND. | $175,000 | |
| JEWISH VOCATIONAL SERVICES | ||||||||
| 75 FEDERAL STREET 3RD FLOOR | BOSTON | MA | 02110 | NONE | PUBLIC CHARITY | CAPITAL CAMPAIGN | $500,000 | |
| KIPP ACADEMY LYNN | ||||||||
| 90 HIGH ROCK STREET | LYNN | MA | 01902 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $10,000 | |
| MATCH CHARTER PUBLIC SCHOOL | ||||||||
| 1001 COMMONWEALTH AVE | BOSTON | MA | 02215 | NONE | PUBLIC CHARITY | GENERAL SUPPORT | $10,000 | |
| MILTON ACADEMY | ||||||||
| 170 CENTRE STREET | MILTON | MA | 02186 | NONE | PUBLIC CHARITY | ANNUAL FUND | $50,000 | |
| PROPUBLICA | ||||||||
| 155 AVENUE OF THE AMERICAS 13TH FL | NEW YORK | NY | 10013 | NONE | PUBLIC CHARITY | FELLOWSHIP GRANT, GENERAL SUPPORT | $105,000 | |
| ROBIN HOOD | ||||||||
| 826 BROADWAY 9TH FLOOR | NEW YORK | NY | 10003 | NONE | PUBLIC CHARITY | ANNUAL FUND | $25,000 | |
| STEPPINGSTONE FOUNDATION | ||||||||
| ONE APPLETON STREET 4TH FLOOR | BOSTON | MA | 02116 | NONE | PUBLIC CHARITY | GENERAL SUPPORT | $10,000 | |
| STRATEGIC GRANT PARTNERS | ||||||||
| 240 NEWBURY ST | BOSTON | MA | 02116 | NONE | PRIVATE FOUNDATION | GENERAL PURPOSE | $391,802 | |
| SUMMER SEARCH | ||||||||
| 3840 WASHINGTON STREET | JAMAICA PLAIN | MA | 02130 | NONE | PUBLIC CHARITY | FREDI STEVENSON LEADERSHIP FUND, ANNUAL FUND | $60,000 | |
| TEACH FOR AMERICA | ||||||||
| 60 CANAL ST | BOSTON | MA | 02114 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $50,000 | |
| THE MARSHALL PROJECT | ||||||||
| 156 WEST 56TH STE 701 | NEW YORK | NY | 10019 | NONE | PUBLIC CHARITY | GENERAL PURPOSE | $25,000 | |
| UNCOMMON SCHOOLS FBO ROXBURY PREPARATORY CHARTER SCHOOL | ||||||||
| 120 FISHER AVENUE | ROXBURY | MA | 02120 | NONE | PUBLIC CHARITY | TO BENEFIT ROXBURY PREP | $10,000 | |
| WGBH | ||||||||
| ONE GUEST STREET | BOSTON | MA | 02135 | NONE | PUBLIC CHARITY | INITIATIVE OF FRONTLINE | $1,000,000 | |
| YEAR UP | ||||||||
| 45 MILK STREET 9TH FLOOR | BOSTON | MA | 02109 | NONE | PUBLIC CHARITY | GENERAL SUPPORT | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,231,802 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $106 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,128,964 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $357 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,198,281 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd |
|---|---|---|---|
| NET UBTI FROM PARTNERSHIPS | 900099 | $8,585 | 14 |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | 900099 | $353,491 | 18 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $362,076 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,327,708 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,689,784 | 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 | $5,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $19,755 | Amt |
| Net Investment Income | $9,878 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,878 | DisbursementsCharitablePrpsAmt |
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 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STRATEGIC GRANT PARTNERS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 240 NEWBURY ST | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2016-12-13 | GrantDt |
| Grant | $391,802 | GrantAmt |
| Purpose Of Grant | GENERAL TAX-EXEMPT CHARITABLE PURPOSES. | PurposeOfGrantTxt |
| Expended By Grantee | $391,802 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 6/23/16, 12/06/16 | DatesOfReportsByGranteeTxt |
| Verification | 2016-06-23 | VerificationDt |
| Results Of Verification | TO THE KNOWLEDGE OF THE GRANTOR, NO AMOUNTS HAVE BEEN DIVERTED FROM THESTATED PURPOSE OF THE GRANT. THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE GRANTEE'S GRANT REPORT. THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE. | ResultsOfVerificationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | DOUBLELINE TOTAL RETURN BOND FUND | BondNm |
| EOY Book Value | $896,668 | EOYBookValueAmt |
| EOYFMV | $860,597 | EOYFMVAmt |
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 | $5,433,452 | EOYBookValueAmt |
| EOYFMV | $9,286,021 | 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 | $10,077,248 | $11,780,882 |
| ARBITER PARTNERS QP, LP | AT COST | $4,349,717 | $4,653,732 |
| ARBITER SPECIAL OPPORTUNITIES FUND I, LP | AT COST | $505,424 | $825,790 |
| ARBITER SPECIAL OPPORTUNITIES FUND II, LP | AT COST | $2,132,777 | $1,930,336 |
| BAUPOST LIMITED PARTNERSHIP 1983 C-1 | AT COST | $7,946,821 | $7,946,821 |
| CROSS SHORE FUND, LTD. | AT COST | $1,000,000 | $1,534,584 |
| EQUINOX ILLIQUID FUND, LP | AT COST | $2,607,354 | $3,706,253 |
| FINEPOINT CAPITAL PARTNERS II, L.P. | AT COST | $4,773,309 | $4,960,950 |
| GREENLIGHT CAPITAL | AT COST | $4,500,000 | $4,538,417 |
| HIGHFIELDS CAPITAL IV LP | AT COST | $5,523,965 | $7,173,901 |
| HIGHVISTA OFFSHORE LTD | AT COST | $1,595,602 | $1,672,161 |
| KENSICO OFFSHORE FUND LTD | AT COST | $2,650,000 | $10,428,111 |
| NEWTYN TE PARTNERS, LP | AT COST | $4,001,599 | $4,286,215 |
| RAFFLES ASSOCIATES, L.P. | AT COST | $2,338,778 | $2,345,956 |
| RATIONAL INVESTMENT GROUP, LP | AT COST | $1,023,410 | $1,483,363 |
| TBC OFFSHORE LTD. | AT COST | $2,500,000 | $2,612,482 |
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 | $2,136 | $150 | $1,986 |
| THRU K-1 INVESTMENTS - NET INVESTMENT INCOME | $813,588 | $813,588 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME - AIG SETTLEMENT | $357 | $357 | $357 |
| NET UBTI FROM PARTNERSHIPS | $8,585 | $8,585 | |
| UBTI CAPITAL GAINS FROM PARTNERSHIPS | $353,491 | $353,491 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOOK/TAX DIFFERENCE - PARTNERSHIP INCOME | Desc |
| Amt | $12,834,097 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER PROFESSIONAL FEES | $2,191 | $0 | $2,191 |
| INVESTMENT MANAGEMENT FEES | $95,495 | $95,495 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $25,294 | $25,294 | $0 |
| THRU K-1 INVESTMENTS - FOREIGN TAXES | $81,923 | $81,923 | $0 |
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