THE FAIRHOLME FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE FAIRHOLME FOUNDATION (EIN 01-0718240)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-17
- IRS object ID
- 201413219349101476
- Schema version
- 2013v3.1
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc 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 | 2014-11-17T11:13:09-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 Becker Farm Road | AddressLine1 |
| City | Roseland | City |
| State | NJ | State |
| ZIP Code | 070681785 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 | BusinessNameLine1 |
| 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 C/O B | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | CORAL GABLES | City |
| State | FL | State |
| ZIP Code | 33143 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WAYNE KELLNER | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3053583000 | PhoneNum |
| Signature | 2014-11-15 | 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 | 3053583000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $170,939,404 | 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 | $51,014,473 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $724 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $724 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $415,374 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $415,374 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $14,237,405 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,595,990 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,085,316 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $65,667,976 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $14,501,414 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $105,160 | 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 | $7,500 | 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 | $109 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $109 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $38,257 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $5,254 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,730 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,524 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $156,280 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,841 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,524 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $35,493,865 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,493,865 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $35,650,145 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,841 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,496,389 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $30,017,831 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $14,498,573 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $626,229 | CashBOYAmt |
| Cash EOY | $10,963,688 | CashEOYAmt |
| Cash EOYFMV | $10,963,688 | CashEOYFMVAmt |
| Corporate Stock BOY | $145,385,625 | CorporateStockBOYAmt |
| Corporate Stock EOY | $184,888,529 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $149,398,248 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $400,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,652,468 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,652,468 | OtherInvestmentsEOYFMVAmt |
| Other Assets EOY | $7,925,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $7,925,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $146,411,854 | TotalAssetsBOYAmt |
| Total Assets EOY | $206,429,685 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $170,939,404 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $30,000,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $30,000,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $146,411,854 | RetainedEarningBOYAmt |
| Retained Earning EOY | $176,429,685 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $146,411,854 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $176,429,685 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $146,411,854 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $206,429,685 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $146,411,854 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $30,017,831 | ExcessRevenueOverExpensesAmt |
| Subtotal | $176,429,685 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $176,429,685 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| CRIMESON WINE GROUP, LTD. | P | $107,210 | $98,091 | $9,119 | $9,119 |
| SEARS CANADA INC. | P | $76,099 | $93,602 | -$17,503 | -$17,503 |
| FAIRHOLME FOCUSED INCOME FUND, FOCIX | P | $2,401,909 | $2,318,981 | $82,928 | $82,928 |
| CAPITAL GAIN DIVIDENDS | P | $14,008,491 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,085,316 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$6,103 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $5,052,873 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $135,118,128 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.037396 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $4,704,957 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $103,713,258 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.045365 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $8,986,375 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $59,438,484 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.151188 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,312,878 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $49,116,177 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.02673 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,073,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $17,140,835 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.062599 | DistributionYr5Rt |
| Total Distribution | 0.323278 | TotalDistributionRt |
| Average Distribution | 0.064656 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $171,409,071 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $11,082,625 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $144,986 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $11,227,611 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $35,596,389 | 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 | $144,986 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $144,986 | SubtotalAmt |
| Tax Based On Investment Income | $144,986 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $49,890 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $125,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $174,890 | TotalPaymentsAndCreditsAmt |
| Overpayment | $29,904 | OverpaymentAmt |
| Applied To ES Tax | $29,904 | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | CORAL GABLES | City |
| State | FL | State |
| ZIP Code | 33143 | ZIPCode |
| 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/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | 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 | $2,524 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | LOW INTEREST LOAN FOR THE PRODUCTION OF A DOCUMENTARY FILM TO PROMOTE THE EDUCATION OF THE ART OF DIRECTING FOR FUTURE GENERATIONS | Description1Txt |
| Expenses1 | $100,000 | Expenses1Amt |
| Total | $100,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $171,413,253 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,453,640 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,152,468 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $174,019,361 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $174,019,361 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,610,290 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $171,409,071 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $8,570,454 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $8,570,454 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $144,986 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $144,986 | TotalTaxAmt |
| Distributable Before Adj | $8,425,468 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $8,425,468 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $8,425,468 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,496,389 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $100,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $30,000,000 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $35,596,389 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $144,986 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $35,451,403 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $8,425,468 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2011 | PriorYear1Yr |
| Prior Year2 | 2010 | PriorYear2Yr |
| Prior Year3 | 2009 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $3,316,317 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $3,316,317 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $35,596,389 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $8,425,468 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $27,170,921 | RemainingDistriFromCorpusAmt |
| Total Corpus | $30,487,238 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $30,487,238 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $3,316,317 | ExcessFromYear3Amt |
| Excess From Current Year | $27,170,921 | ExcessFromCurrentYearAmt |
| 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 (60 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| CENTER FOR JEWISH HISTORY | ||||||||
| 15 WEST 16TH STREET | NEW YORK | NY | 10011 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $175,000 | |
| MIAMI ART MUSEUM | ||||||||
| 101 W Flagler St | Miami | FL | 33130 | NONE | IRS SEC 501(C)(3) | GENERAL PURPOSE | $10,115 | |
| 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 | $100,000 | |
| ST PHILLIPS EPISCOPAL SCHOOL | ||||||||
| 1142 CORAL WAY | CORAL GABLES | FL | 33134 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $8,000 | |
| UNITED WAY OF MIAMI-DADE | ||||||||
| THE ANSIN BUILDING | MIAMI | FL | 33129 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $20,000 | 3250 SOUTHWEST THIRD AVE |
| UNIVERSITY OF MIAMI | ||||||||
| PO BOX 248073 | CORAL GABLES | FL | 33124 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $3,300,300 | |
| NATIONAL FOUNDATION FOR ADVANCEMENT IN ARTS | ||||||||
| 777 BRICKELL AVENUE SUITE 370 | MIAMI | FL | 33131 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $30,000 | |
| 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 | $100,000 | |
| 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 | |
| MULTIPLE SCIEROSIS SOCIETY | ||||||||
| 3201 WEST COMMERCIAL BOULEVARD | FT LAUDEDALE | FL | 33309 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $250 | |
| 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 | $42,000 | |
| THE SALVATION ARMY | ||||||||
| PO BOX 330607 | MIAMI | FL | 33233 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100 | |
| UNIVERSITY OF MASS | ||||||||
| 181 PRESIDENTS DRIVE | AMHERST | MA | 01003 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $25,000 | |
| MAST PTSA | ||||||||
| 3979 RICKENBACKER CAUSEWAY | MIAMI | FL | 33149 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $500 | |
| MCCJ | ||||||||
| 150 SE 2ND AVENUE STE 914 | MIAMI | FL | 33131 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $5,000 | |
| NBCRC | ||||||||
| PO BOX 96676 | WASHINGTON | DC | 20090 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100 | |
| AJC | ||||||||
| JACOB BLAUSTEIN BLDG | NEW YORK | NY | 100222746 | NONE | PC | GENERAL PURPOSE | $25,000 | 165 EAST 56 ST STE 623 |
| CORAL GABLES MUSEUM | ||||||||
| 285 ARAGON AVE | CORAL GABLES | FL | 33134 | NONE | PC | GENERAL PURPOSE | $1,000 | |
| DIABETES RESEARCH | ||||||||
| 200 SOUTH PARK RD SUITE 100 | HOLLYWOOD | FL | 33021 | NONE | PC | GENERAL PURPOSE | $1,000 | |
| FAMILY CONNECTIONS | ||||||||
| 7 GLENWOOD AVE STE 101 | EAST ORAGE | NJ | 07017 | NONE | PC | GENERAL PURPOSE | $20,000 | |
| FRIENDS OF NCCC | ||||||||
| THE PROUTY OFFICE ONE MEDICAL CENTE | LEBANON | NH | 03756 | NONE | PC | GENERAL PURPOSE | $10,000 | |
| GREATER MIAMI CHAMBER | ||||||||
| 1601 BISCAYNE BLVD | MIAMI | FL | 33132 | NONE | PC | GENERAL PURPOSE | $25,000 | |
| HABITAT FOR HUMANITY | ||||||||
| 121 HABITAT ST | AMERICUS | GA | 317093498 | NONE | PC | GENERAL PURPOSE | $100 | |
| HEALTH & HUMANITARIAN AID | ||||||||
| PO BOX 20258 | NEW YORK | NY | 10001 | NONE | PC | GENERAL PURPOSE | $5,000 | |
| JESPY HOUSE | ||||||||
| 102 PROSPECT STREET | SOUTH ORANGE | NJ | 07079 | NONE | PC | GENERAL PURPOSE | $250 | |
| JOHNSON & WALES UNIVERSITY | ||||||||
| ATTN MR PETER J ROAD | NORTH MIAMI | FL | 33181 | NONE | PC | GENERAL PURPOSE | $5,000 | 1701 NE 127 STREET |
| JOSLYN ART MUSEUM | ||||||||
| MR TOBY JUROVICS | OMAHA | NE | 68102 | NONE | PC | GENERAL PURPOSE | $1,000 | 2200 DODGE STREET |
| LALELA PROJECT | ||||||||
| 5 HANOVER SQUARE SUITE 2103 | NEW YORK | NY | 10004 | NONE | PC | GENERAL PURPOSE | $250 | |
| LEUKEMIA & LYMPHOMA SOCIETY | ||||||||
| 200 S PARK ROAD SUITE 140 | HOLLYWOOD | FL | 33021 | NONE | PC | GENERAL PURPOSE | $250 | |
| 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 | |
| MDA | ||||||||
| 425 MADISON AVENUE SUITE 1600 | NEW YORK | NY | 10017 | NONE | PC | GENERAL PURPOSE | $5,000 | |
| SOLOMON GUGGENHEIM FOUNDATION | ||||||||
| 1071 FIFTH AVENUE | NEW YORK | NY | 10128 | NONE | PC | GENERAL PURPOSE | $550,000 | |
| 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 | $300 | |
| THE NATIONAL YIDDISH THEATRE | ||||||||
| 135 WEST 29 STREET SUITE 504 | NEW YORK | NY | 10001 | NONE | PC | GENERAL PURPOSE | $25,000 | |
| UNIVERSITY OF MIAMI SCHOOL OF NURSING | ||||||||
| 5030 BRUNSON DRIVE | CORAL GABLES | FL | 33146 | NONE | PC | GENERAL PURPOSE | $100 | |
| UNICEF | ||||||||
| 5030 BRUNSON DRIVE | CORAL GABLES | FL | 33146 | NONE | PC | GENERAL PURPOSE | $450 | |
| WNET NY PUBLIC MEDIA | ||||||||
| MS ALLISON FOX | NEW YORK | NY | 100197435 | NONE | PC | GENERAL PURPOSE | $25,000 | 825 EIGHTH AVENUE |
| WOLFSONIAN MUSEUM | ||||||||
| 1001 WASHINGTON AVENUE | MIAMI BEACH | FL | 33139 | NONE | PC | GENERAL PURPOSE | $1,000 | |
| COCONUT GROVE CARES INC | ||||||||
| 3870 WASHINGTON AVENUE | COCONUT GROVE | FL | 33133 | NONE | PC | GENERAL PURPOSE | $125 | |
| FRIENDS OF THE BASS MUSEUM | ||||||||
| 2100 COLLINS AVENUE | MIAMI BEACH | FL | 33139 | NONE | PC | GENERAL PURPOSE | $2,250 | |
| THE TEEN LEADERSHIP | ||||||||
| 717 ST JOSEPH DRIVE STREET | JOSEPH | MI | 49085 | NONE | PC | GENERAL PURPOSE | $1,500 | |
| UM HURRICANE CLUB | ||||||||
| 5821 SAN AMARO DRIVE | CORAL GABLES | FL | 33146 | NONE | PC | GENERAL PURPOSE | $125 | |
| UNIVERSITY OF PENN | ||||||||
| 433 FRANKLIN BUILDING | PHILADELPHIA | PA | 191046205 | NONE | PC | GENERAL PURPOSE | $50 | 3451 WALNUT ST |
| THE FAIRHOLME UNLIMITED FOUNDATION INC | ||||||||
| 4400 BISCAYNE BLVD SUITE 900 | MIAMI | FL | 33137 | NONE | PC | GENERAL PURPOSE | $30,000,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $35,493,865 | 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 | $724 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $415,374 | 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 | $14,085,316 | 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 | $14,501,414 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $14,501,414 | 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/AddressLine1 | CityContributorUSAddress/City | StateContributorUSAddress/State | ZIP CodeContributorUSAddress/ZIPCode | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| FAIRHOLME CAPITAL MANAGEMENT LLC | |||||||
| 1 | 4400 BISCAYNE BLVD 9TH FL | MIAMI | FL | 33137 | $8,225,000 | Yes (X) | |
| BRUCE TRACEY BERKOWITZ | |||||||
| 2 | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | $21,315,675 | Yes (X) | |
| BRUCE TRACEY BERKOWITZ | |||||||
| 3 | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | $20,129,546 | Yes (X) | |
| BRUCE TRACEY BERKOWITZ | |||||||
| 4 | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | $1,000,000 | Yes (X) | |
| ALEX BERKOWITZ | |||||||
| 5 | 8021 OLD CUTLER ROAD | CORAL GABLES | FL | 33143 | $344,252 | Yes (X) | |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $7,500 | Amt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FIDELITY STOCKS | $44,331,740 | $44,331,740 |
| FAIRHOLME FUND | $127,707,466 | $89,438,649 |
| FAIRHOLME FOCUSED INCOME FUND | $8,320,686 | $9,075,126 |
| FAIRHOLME ALLOCATION FUND | $4,528,637 | $6,552,733 |
Investments Land Schedule2 InvestmentsLandSchedule2
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 | $2,552,468 | $2,552,468 |
| PROGRAM RELATED INVESTMENTS | AT COST | $100,000 | $100,000 |
Land Etc Schedule2 LandEtcSchedule2
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $105,160 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSTALLMENT DEPOSIT - ART WORK | Desc |
| EOY Book Value | $7,925,000 | EOYBookValueAmt |
| EOYFMV | $7,925,000 | 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 | $2,524 | $2,524 | |
| PORTFOLIO DEDUCTIONS (2%) | $2,730 | $2,730 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OBLIGATIONS PAYABLE | Desc |
| EOY Book Value | $30,000,000 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES PAID | $2 | $2 |
| FEDERAL INCOME TAXES PAID | $38,255 |
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