THE FAIRHOLME FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- THE FAIRHOLME FOUNDATION (EIN 01-0718240)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-16
- IRS object ID
- 201513209349101251
- Schema version
- 2014v5.0
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-16T09:32:05-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 Becker Farm Road | AddressLine1Txt |
| City | Roseland | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07068 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010718240 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FAIRHOLME FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BRUCE R BERKOWITZ | InCareOfNm |
| Business Name Control | FAIR | BusinessNameControlTxt |
| Phone | 3056675437 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 TAHITI BEACH ISLAND ROAD | AddressLine1Txt |
| City | CORAL GABLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33143 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Wayne Kellner | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 9739946666 | PhoneNum |
| Signature | 2015-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michael Oates | PreparerPersonNm |
| PTIN | P00185106 | PTIN |
| Phone | 9739946666 | PhoneNum |
| Preparation | 2015-10-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $348,703,322 | 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 | $108,446,948 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $26,217 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $26,217 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $231,673 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $231,673 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $25,885,924 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $96,561,091 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $37,721,760 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $195,912 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $134,590,762 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $37,979,650 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $195,912 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $79,180 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $8 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $8 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $875,000 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $19,559 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $11,109 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,450 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $979,747 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $11,117 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,450 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,788,400 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,788,400 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,768,147 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $11,117 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,796,850 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $128,822,615 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $37,968,533 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $195,912 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $10,963,688 | CashBOYAmt |
| Cash EOY | $11,243,611 | CashEOYAmt |
| Cash EOYFMV | $11,243,611 | CashEOYFMVAmt |
| Corporate Stock BOY | $184,888,529 | CorporateStockBOYAmt |
| Corporate Stock EOY | $288,059,102 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $301,509,643 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $2,652,468 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,668,135 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,668,135 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $7,925,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $31,281,933 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $31,281,933 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $206,429,685 | TotalAssetsBOYAmt |
| Total Assets EOY | $335,252,781 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $348,703,322 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $481 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $30,000,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $30,000,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $30,000,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $30,000,481 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $176,429,685 | RetainedEarningBOYAmt |
| Retained Earning EOY | $305,252,300 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $176,429,685 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $305,252,300 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $206,429,685 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $335,252,781 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $176,429,685 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $128,822,615 | ExcessRevenueOverExpensesAmt |
| Subtotal | $305,252,300 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $305,252,300 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| 17853.771 SHS FAIRHOLME FOCUSED INCOME FUND | P | $204,961 | $204,550 | $411 | $411 | |||||
| 173000 SHS BANK OF AMERICA | P | $3,000,567 | $884,497 | $2,116,070 | $2,116,070 | 2011-12-20 | 2014-11-10 | |||
| 278705 SHS FAIRHOLME FOCUSED INCOME FUND | D | $3,063,245 | $2,787,050 | $276,195 | $231,602 | $2,831,643 | $2,787,050 | $44,593 | ||
| SEARS HLDGS CORP-CASH IN LIEU | P | $31 | $31 | $31 | ||||||
| 191000 SHS SEARS CANADA INC RTS | P | $66,850 | $66,850 | |||||||
| 51736.840 SHS LANDS END INC | P | $1,425,000 | $1,248,460 | $176,540 | $176,540 | |||||
| 5715 SHS LANDS END INC | P | $157,413 | $203,664 | -$46,251 | -$46,251 | |||||
| 515896.546 SHS FAIRHOLME FOCUSED INCOME FUND | P | $5,854,544 | $5,331,616 | $522,928 | $522,928 | |||||
| 618647.698 SHS FAIRHOLME FUND | D | $23,621,802 | $14,676,219 | $8,945,583 | $8,945,583 | $26,414,792 | $14,676,219 | $11,738,573 | ||
| 1108345.048 SHS FAIRHOLME FUND | P | $42,925,602 | $33,436,425 | $9,489,177 | $9,489,177 | |||||
| CAPITAL GAIN DIVIDENDS | P | $16,149,965 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $37,721,760 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $195,912 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $35,451,403 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $171,409,071 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.206823 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,052,873 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $135,118,128 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.037396 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $4,704,957 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $103,713,258 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.045365 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $8,986,375 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $59,438,484 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.151188 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,312,878 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $49,116,177 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.02673 | DistributionYr5Rt |
| Total Distribution | 0.467502 | TotalDistributionRt |
| Average Distribution | 0.0935 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $298,975,742 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $27,954,232 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $379,685 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $28,333,917 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $4,796,850 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $759,371 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $759,371 | SubtotalAmt |
| Tax Based On Investment Income | $759,371 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $779,904 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $779,904 | TotalPaymentsAndCreditsAmt |
| Overpayment | $20,533 | OverpaymentAmt |
| Applied To ES Tax | $20,533 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUCE R BERKOWITZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3056675437 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 TAHITI BEACH ISLAND ROAD | AddressLine1Txt |
| City | CORAL GABLES | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33143 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
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 |
|---|---|---|---|---|---|---|
| BRUCE BERKOWITZ | ||||||
| 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | TRUSTEE | 0 | $0 |
| TRACEY BERKOWITZ | ||||||
| 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | TRUSTEE | 0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CHARITABLE EVENT | Description1Txt |
| Expenses1 | $8,450 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $296,177,851 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,782,686 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,568,135 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $303,528,672 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $303,528,672 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,552,930 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $298,975,742 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $14,948,787 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $14,948,787 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $759,371 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $759,371 | TotalTaxAmt |
| Distributable Before Adj | $14,189,416 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $14,189,416 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $14,189,416 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,796,850 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,796,850 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $4,796,850 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $14,189,416 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2012 | PriorYear1Yr |
| Prior Year2 | 2011 | PriorYear2Yr |
| Prior Year3 | 2010 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $3,316,317 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr1 | $27,170,921 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $30,487,238 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,796,850 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $4,796,850 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $9,392,566 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $9,392,566 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $21,094,672 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $21,094,672 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $21,094,672 | ExcessFromYear1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BRUCE BERKOWITZ TRUSTEE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (49 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| CENTER FOR JEWISH HISTORY | ||||||||
| 15 WEST 16TH STREET | NEW YORK | NY | 10011 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| MIAMI ART MUSEUM | ||||||||
| 101 W Flagler St | Miami | FL | 33130 | NONE | IRS SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| GULLIVER SCHOOLS INC | ||||||||
| 6575 N Kendall Drive | Pinecrest | FL | 33156 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $200,000 | |
| NEW WORLD SYMPHONY | ||||||||
| 541 LINCOLN ROAD | MIAMI BEACH | FL | 33139 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $225,000 | |
| BIG BROTHERS BIG SISTERS OF GREATER MIAMI | ||||||||
| 701 SW 27th AVE SUITE 800 | MIAMI | FL | 33135 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $25,000 | |
| TEMPLE BETH AM | ||||||||
| 5950 N KENDALL DRIVE | PINECREST | FL | 331562068 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100,000 | |
| CAMILLUS HOUSE | ||||||||
| 336 NW Fifth Street | Miami | FL | 33128 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $25,000 | |
| CHABAD CENTER OF KENDALL | ||||||||
| 8700 SW 112 Street | MIAMI | FL | 33176 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $120,000 | |
| MIAMI CHILDREN'S HOSPITAL | ||||||||
| 3000 SW 62ND AVENUE | MIAMI | FL | 33155 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| ST PHILLIPS EPISCOPAL SCHOOL | ||||||||
| 1142 CORAL WAY | CORAL GABLES | FL | 33134 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $5,000 | |
| UNITED WAY OF MIAMI-DADE | ||||||||
| THE ANSIN BUILDING | MIAMI | FL | 33129 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $10,000 | 3250 SOUTHWEST THIRD AVE |
| UNIVERSITY OF MIAMI | ||||||||
| PO BOX 248073 | CORAL GABLES | FL | 33124 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $3,300,500 | |
| NATIONAL FOUNDATION FOR ADVANCEMENT IN ARTS | ||||||||
| 777 BRICKELL AVENUE SUITE 370 | MIAMI | FL | 33131 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| THE WOMEN OF TOMORROW MENTOR & SCHOLARSHIP | ||||||||
| 22 E FLAGLER ST 6TH FL | MIAMI | FL | 33131 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $35,000 | |
| UNIVERSITY OF MIAMI EXECUTIVE MEDICINE | ||||||||
| 1150 NW 14TH ST SUITE 130 | MIAMI | FL | 33136 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100,000 | |
| TEMPLE JUDEA | ||||||||
| 5500 GRANADA BOULEVARD | CORAL GABLES | FL | 33156 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $125,000 | |
| BREAKTHROUGH MIAMI | ||||||||
| 14850 SW 26TH STREET | MIAMI | FL | 33185 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $5,000 | |
| MAKE-A-WISH FOUNDATION | ||||||||
| 4491 SOTH STATE ROAD 7 SUITE 201 | FTLAUDERDALE | FL | 33314 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $10,000 | |
| UM MILLER SCHOOL OF MEDICINE | ||||||||
| 1600 NW 1OTH AVENUE | MIAMI | FL | 33136 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| THE RETREAT | ||||||||
| 13 GOODFRIEND DRIVE | EAST HAMPTON | NY | 11937 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $5,000 | |
| DRESS FOR SUCCESS MIAMI | ||||||||
| 250 NW 9TH STREET | MIAMI | FL | 33136 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $5,000 | |
| OPPORTUNITY PROJECT INC | ||||||||
| 60 EAST WILLOW STREET | MILBURN | NJ | 07041 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $2,000 | |
| PARRISH ART MUSEUM | ||||||||
| 279 MONTAUK HIGHWAY | WATER MILL | NY | 11976 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $15,000 | |
| TELLURIDE FILM FESTIVAL | ||||||||
| 800 JONES STREET | BERKELEY | CA | 94710 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $25,500 | |
| THE SALVATION ARMY | ||||||||
| PO BOX 330607 | MIAMI | FL | 33233 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100 | |
| Design Architecture Senior High PTSA | ||||||||
| 4001 NE 2nd Avenue | MIAMI | FL | 33137 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $1,000 | |
| NBCRC | ||||||||
| PO BOX 96676 | WASHINGTON | DC | 20090 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $200 | |
| DIABETES RESEARCH | ||||||||
| 200 SOUTH PARK RD SUITE 100 | HOLLYWOOD | FL | 33021 | NONE | PC | GENERAL PURPOSE | $3,000 | |
| LOTUS HOUSE WOMENS SHELTER SUNDARI FOUNDATION | ||||||||
| 1514 NW 2ND AVENUE | MIAMI | FL | 33136 | NONE | PC | GENERAL PURPOSE | $30,000 | |
| MARCH OF DIMES | ||||||||
| PO BOX 407090 | FORT LAUDERDALE | FL | 333409962 | NONE | PC | GENERAL PURPOSE | $5,000 | |
| SPECIAL OLYMPICS FLORIDA | ||||||||
| 155 SOUTH MIAMI AVENUE SUITE 200 | MIAMI | FL | 33130 | NONE | PC | GENERAL PURPOSE | $15,750 | |
| ST JUDES CHILDREN'S HOSPITAL | ||||||||
| PO BOX 50 | MEMPHIS | TN | 381019929 | NONE | PC | GENERAL PURPOSE | $500 | |
| WNET NY PUBLIC MEDIA | ||||||||
| MS ALLISON FOX | NEW YORK | NY | 100197435 | NONE | PC | GENERAL PURPOSE | $25,000 | 825 EIGHTH AVENUE |
| Temple Beth Sholom | ||||||||
| 171-39 Northern Boulevard | Flushing | NY | 11358 | none | General Purpose | $500 | ||
| National Breast Cancer Foundation | ||||||||
| 2600 Network Blvd | Frisco | TX | 75034 | none | PC | General Purpose | $100 | Suite 300 |
| Teach for America | ||||||||
| 12-25 Broadway | New York | NY | 10004 | none | PC | General Purpose | $25,000 | |
| The Buoniconti Fund | ||||||||
| 1095 NW 14th Terrace | Miami | FL | 33136 | none | PC | General Purpose | $30,000 | Lois Pope LIFE Center |
| American Heart Association | ||||||||
| 205 E 42nd St | New York | NY | 10017 | none | PC | general purpose | $5,000 | |
| National Road Safety Foundation | ||||||||
| 18 East 50th Street | New York | NY | 10022 | none | PC | general purpose | $10,000 | |
| University of Florida | ||||||||
| 201 Criser Hall | Gainesville | FL | 32611 | none | PC | general purpose | $5,000 | PO Box 114000 |
| Perez Art Museum | ||||||||
| 1103 Biscayne Blvd | Miami | FL | 33132 | none | PC | general purpose | $35,000 | |
| UM Hillel | ||||||||
| 1100 Stanford Dr | Coral Gables | FL | 33146 | none | PC | general purpose | $1,000 | |
| Columbia University | ||||||||
| 116th St Broadway | New York | NY | 10027 | none | PC | general purpose | $100 | |
| Emory University | ||||||||
| 201 Dowman Dr | Atlanta | GA | 30322 | none | PC | general purpose | $250 | |
| AMERICAN CANCER SOCIETY | ||||||||
| PO BOX 22478 | OKLAHOMA CITY | OK | 73123 | NONE | PC | GENERAL PURPOSE | $50 | |
| FRIENDS OF THE BASS MUSEUM OF ART | ||||||||
| 2100 COLLINS AVENUE | MIAMI BEACH | FL | 33139 | NONE | GENERAL PURPOSE | $5,250 | ||
| NJ SHARING NETWORK FOUNDATION | ||||||||
| 691 CENTRAL AVE | NEW PROVIDENCE | NJ | 07974 | NONE | PC | GENERAL PURPOSE | $100 | |
| RANSON EVERGLADES SCHOOL | ||||||||
| 3575 MAIN HIGHWAY | MIAMI | FL | 33133 | NONE | PC | GENERAL PURPOSE | $500 | |
| UNIVERSITY OF PENNSYLVANIA-THE PENN FUND | ||||||||
| 601 FRANKLIN BUILDING | PHILADELPHIA | PA | 19104 | NONE | PC | GENERAL PURPOSE | $2,000 | 3451 WALNUT STREET |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,788,400 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $26,217 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $231,673 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $25,885,924 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $26,143,814 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $26,143,814 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| EAST LANE LLC | |||||||
| 1 | 14 TAHITI BEACH ISLAND RD | CORAL GABLES | FL | 33143 | $66,949,528 | Yes (X) | |
| FAIRHOLME CAPITAL MANAGEMENT LLC | |||||||
| 2 | 4400 BISCAYNE BLVD 9TH FL | MIAMI | FL | 33137 | $2,750,000 | Yes (X) | |
| BRUCE TRACEY BERKOWITZ | |||||||
| 3 | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | $26,547,420 | Yes (X) | |
| BRUCE TRACEY BERKOWITZ | |||||||
| 4 | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | $7,200,000 | Yes (X) | |
| EAST LANE LLC | |||||||
| 5 | 14 TAHITI BEACH ISLND ROAD | CORAL GABLES | FL | 33143 | $5,000,000 | Yes (X) | |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $6,000 | Amt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY STOCKS | $112,904,356 | $122,388,110 |
| FAIRHOLME FUND | $67,856,249 | $78,382,947 |
| FAIRHOLME FOCUSED INCOME FUND | ||
| FAIRHOLME ALLOCATION FUND | $107,298,497 | $100,738,586 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| THE FAIRHOLME PARTNERSHIP LP | AT COST | $4,568,135 | $4,568,135 |
| PROGRAM RELATED INVESTMENTS | AT COST | $100,000 | $100,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $79,180 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSTALLMENT DEPOSIT - ART WORK | Desc |
| BOY Book Value | $7,925,000 | BOYBookValueAmt |
| EOY Book Value | $31,281,933 | EOYBookValueAmt |
| EOYFMV | $31,281,933 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| CHARITABLE EVENT | $8,450 | $8,450 | |
| PORTFOLIO DEDUCTIONS (2%) | $11,109 | $11,109 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OBLIGATIONS PAYABLE | Desc |
| BOY Book Value | $30,000,000 | BOYBookValueAmt |
| EOY Book Value | $30,000,000 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| FOREIGN TAXES PAID | |
| FEDERAL INCOME TAXES PAID | $875,000 |
Comments