THE FAIRHOLME FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE FAIRHOLME FOUNDATION (EIN 01-0718240)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2013-06-06
- IRS object ID
- 201301579349100210
- Schema version
- 2011v1.5
- 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
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-06-06T12:49:20-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rothstein Kass | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010718240 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FAIRHOLME FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % BRUCE R BERKOWITZ | InCareOfName |
| Name Control | FAIR | NameControl |
| Phone | 3056675437 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 TAHITI BEACH ISLAND ROAD C/O B | AddressLine1 |
| City | CORAL GABLES | City |
| State | FL | State |
| ZIP Code | 33143 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRUCE BERKOWITZ | Name |
| Title | TRUSTEE | Title |
| Date Signed | 2013-05-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Neil Tendler | Name |
| Phone | 9739946666 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 112295590 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 37586203 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 2998557 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 2446578 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | -1734588 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 10677321 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 38850172 | TotalRevenueAndExpenses |
| Total Net Investment Income | 2446578 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 0 | CompOfcrDirTrstRevAndExpnss |
| Legal Fees Rev And Expnss | 28432 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 28432 | LegalFeesNetInvstIncm |
| Legal Fees Adj Net Incm | 0 | LegalFeesAdjNetIncm |
| Legal Fees Dsbrs Chrtbl Prps | 0 | LegalFeesDsbrsChrtblPrps |
| Occupancy Rev And Expnss | 156563 | OccupancyRevAndExpnss |
| Occupancy Dsbrs Chrtbl Prps | 156563 | OccupancyDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 21974 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 63 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 21911 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 206969 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 28495 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 178474 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 4526483 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 4526483 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 4733452 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 28495 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 4704957 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 34116720 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 2418083 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 382555 | CashBOY |
| Cash EOY | 295775 | CashEOY |
| Cash EOYFMV | 295775 | CashEOYFMV |
| Investments Corp Stock BOY | 86253071 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 129316649 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 111999815 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 8860078 | InvestmentsOtherBOY |
| Investments Other EOY | 0 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 0 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 95495704 | TotalAssetsBOY |
| Total Assets EOY | 129612424 | TotalAssetsEOY |
| Total Assets EOYFMV | 112295590 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 95495704 | RetainedEarningsBOY |
| Retained Earnings EOY | 129612424 | RetainedEarningsEOY |
| Total Net Assets BOY | 95495704 | TotalNetAssetsBOY |
| Total Net Assets EOY | 129612424 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 95495704 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 129612424 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 95495704 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 34116720 | ExcessOfRevenueOverExpenses |
| Subtotal | 129612424 | Subtotal |
| Total Net Assets Fund Balances EOY | 129612424 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | 352,866 SHS FAIRHOLME FOCUSED INCOME FUND | DescriptionOfAsset |
| How Acquired | P | HowAcquired |
| Date Acquired | 2010-01-01 | DateAcquired |
| Date Sold | 2011-12-31 | DateSold |
| Gross Sales Price | 3523151 | GrossSalesPrice |
| Cost Or Other Basis | 3570569 | CostOrOtherBasis |
| Gain Or Loss | -47418 | GainOrLoss |
| FMV As Of123169 | 3595237 | FMVAsOf123169 |
| Adjusted Basis As Of123169 | 3570569 | AdjustedBasisAsOf123169 |
| Excess Of FMV Over Adjusted Basis | 24668 | ExcessOfFMVOverAdjustedBasis |
| Gains Minus Excess Or Losses | -47418 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -47418 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 8986375 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 59438484 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.151188 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 1312878 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 49116177 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.02673 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 1073000 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 17140835 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.062599 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 509500 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 13266665 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.038405 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 315411 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 5231070 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.060296 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.339218 | TotalDistributionRatio |
| Average Distribution Ratio | 0.067844 | AverageDistributionRatio |
| Net Noncharitable Assets | 103713258 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 7036322 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 24181 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 7060503 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 4704957 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 48362 | InvestmentIncomeExciseTax |
| Subtotal | 48362 | Subtotal |
| Tax Based On Investment Income | 48362 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 83393 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 11318 | TotalCreditsAndPayments |
| Penalty For Underpayment | 1466 | PenaltyForUnderpayment |
| Tax Due | 38510 | TaxDue |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | FL | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUCE R BERKOWITZ | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3056675437 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| 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 Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| BRUCE BERKOWITZ | ||||||||
| 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | TRUSTEE | 0 | 0 | 0 | 0 |
| TRACEY BERKOWITZ | ||||||||
| 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | TRUSTEE | 0 | 0 | 0 | 0 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CHARITABLE EVENT | Description1 |
| Expenses1 | 21911 | Expenses1 |
| Description2 | OCCUPANCY EXPENSES PERTAINING TO CHARITABLE EVENTS ON BEHALF OF UNIVERSITY MIAMI, MIAMI CHILDREN'S HOSPITAL) | Description2 |
| Expenses2 | 156563 | Expenses2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Investments | SumOfProgramRelatedInvestments |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 104826057 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 466591 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 105292648 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 105292648 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1579390 | CashDeemedCharitable |
| Net Noncharitable Assets | 103713258 | NetNoncharitableAssets |
| Minimum Investment Return | 5185663 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 5185663 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 48362 | TaxBasedOnInvestmentIncome |
| Total Tax | 48362 | TotalTax |
| Distributable Amount Before Adj | 5137301 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 5137301 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 5137301 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 4704957 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Amounts Paid Acq Charitable Assets | 0 | AmountsPaidAcqCharitableAssets |
| Amounts Set Aside Suitability Test | 0 | AmountsSetAsideSuitabilityTest |
| Amounts Set Aside Cash Distri Test | 0 | AmountsSetAsideCashDistriTest |
| Qualifying Distributions | 4704957 | QualifyingDistributions |
| Adj Qualifying Distributions | 4704957 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 5137301 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Prior Year1 | 2009 | PriorYear1 |
| Prior Year2 | 2008 | PriorYear2 |
| Prior Year3 | 2007 | PriorYear3 |
| Excess Distri Carryover Year1 | 5429509 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 5429509 | TotalExcessDistriCarryover |
| Qualifying Distributions | 4704957 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Current Year | 4704957 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 432344 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 432344 | ExcessDistriCyovAppliedCY |
| Total Corpus | 4997165 | TotalCorpus |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 4997165 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 4997165 | ExcessFromYear1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundations |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BRUCE BERKOWITZ TRUSTEE | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (38 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount | Address Line2RecipientUSAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| CENTER FOR JEWISH HISTORY | ||||||||
| 15 WEST 16TH STREET | NEW YORK | NY | 10011 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $25,000 | |
| MIAMI ART MUSEUM | ||||||||
| 101 W Flagler St | Miami | FL | 33130 | NONE | IRS SEC 501(C)(3) | GENERAL PURPOSE | $45,000 | |
| GULLIVER SCHOOLS INC | ||||||||
| 6575 N Kendall Drive | Pinecrest | FL | 33156 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $215,000 | |
| NEW WORLD SYMPHONY | ||||||||
| 541 LINCOLN ROAD | MIAMI BEACH | FL | 33139 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $200,000 | |
| BIG BROTHERS BIG SISTERS OF GREATER MIAMI | ||||||||
| 701 SW 27th AVE SUITE 800 | MIAMI | FL | 33135 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $20,000 | |
| 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 | $10,000 | |
| CHABAD CENTER OF KENDALL | ||||||||
| 8700 SW 112 Street | MIAMI | FL | 33176 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100,000 | |
| MIAMI CHILDREN'S HOSPITAL | ||||||||
| 3000 SW 62ND AVENUE | MIAMI | FL | 33155 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| SPECIAL OLYMPICS OF FLORIDA | ||||||||
| 2335 NW 107TH AVENUE | MIAMI | FL | 33172 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $15,750 | BOX 57 |
| ST PHILLIPS EPISCOPAL SCHOOL | ||||||||
| 1142 CORAL WAY | CORAL GABLES | FL | 33134 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $4,500 | |
| UNITED WAY OF MIAMI-DADE | ||||||||
| THE ANSIN BUILDING | MIAMI | FL | 33129 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $1,000 | 3250 SOUTHWEST THIRD AVE |
| UNIVERSITY OF MIAMI | ||||||||
| PO BOX 248073 | CORAL GABLES | FL | 33124 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $3,200,000 | |
| JESPY HOUSE | ||||||||
| 102 PROSPECT STREET | SOUTH ORANGE | NJ | 07079 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $250 | |
| NATIONAL BREAST CANCER FOUNDATION | ||||||||
| 2600 NETWORK BLVD SUITE 300 | FRISCO | TX | 75034 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $200 | |
| NATIONAL FOUNDATION FOR ADVANCEMENT IN ARTS | ||||||||
| 777 BRICKELL AVENUE SUITE 370 | MIAMI | FL | 33131 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $25,000 | |
| THE WOMEN OF TOMORROW MENTOR & SCHOLARSHIP | ||||||||
| 22 E FLAGLER ST 6TH FL | MIAMI | FL | 33131 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $45,000 | |
| UNIVERSITY OF MIAMI EXECUTIVE MEDICINE | ||||||||
| 1150 NW 14TH ST SUITE 130 | MIAMI | FL | 33136 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100,000 | |
| WALKING 4 FRIENDSHIP-FRIENDSHIP CIRCLE | ||||||||
| 6892 W MAPLE RD | WEST BLOOMFIELD | MI | 48322 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $3,600 | |
| TEMPLE JUDEA | ||||||||
| 5500 GRANADA BOULEVARD | CORAL GABLES | FL | 33156 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $35,000 | |
| BEAVER COUNTY DAY SCHOOL | ||||||||
| 791 HAMMOND STREET | CHESTNUT HILL | MA | 02467 | NONE | 501(C)(3) | GENERAL PURPOSE | $100,000 | |
| BREAKTHROUGH MIAMI | ||||||||
| 14850 SW 26TH STREET | MIAMI | FL | 33185 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $1,000 | |
| DOCTORS WITHOUT BORDERS USA | ||||||||
| 333 SEVENTH AVENUE 2ND FLOOR | NEW YORK | NY | 10001 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $100 | |
| MAKE-A-WISH FOUNDATION | ||||||||
| 4491 SOTH STATE ROAD 7 SUITE 201 | FTLAUDERDALE | FL | 33314 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $10,000 | |
| MIAMI RESCUE MISSION | ||||||||
| PO BOX 420620 | MIAMI | FL | 33242 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $558 | |
| UM MILLER SCHOOL OF MEDICINE | ||||||||
| 1600 NW 1OTH AVENUE | MIAMI | FL | 33136 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $150,000 | |
| MEMORIAL SLOAN KETTERING | ||||||||
| PO BOX 27106 | NEW YORK | NY | 10087 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $1,000 | |
| MULTIPLE SCIEROSIS SOCIETY | ||||||||
| 3201 WEST COMMERCIAL BOULEVARD | FT LAUDEDALE | FL | 33309 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $250 | |
| THE MELISSA INSTITUTE | ||||||||
| 6250 SUNSET DRIVE | MIAMI | FL | 33143 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $500 | |
| BOYS & GIRLS HARBOR INC | ||||||||
| 1 EAST 104TH STREET | NEW YORK | NY | 10029 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $50,000 | |
| THE TEEN LEADERSHIP AND LIFESTYLE INSTITUTE | ||||||||
| 7171 ST JOSEPH DRIVE | ST JOSEPH | MI | 49085 | NONE | IRC 501(C)(3) | GENERAL PURPOSE | $1,200 | |
| THE RETREAT | ||||||||
| 13 GOODFRIEND DRIVE | EAST HAMPTON | NY | 11937 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $13,000 | |
| DIABETES RESEARCH INSTITUTE FOUNDATION | ||||||||
| 200 SOUTH PARK ROAD SUITE 100 | HOLLYWOOD | FL | 33021 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $1,000 | |
| TIKVA ODESSA | ||||||||
| 475 10TH AVENUE 9TH FLOOR | NEW YORK | NY | 10018 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $500 | |
| BASS MUSEUM ART | ||||||||
| 2100 COLLINS AVENUE | MIAMI BEACH | FL | 33139 | NONE | IRC 501(C)(3) | GENERAL PURPOSE | $125 | |
| LEGAL ART | ||||||||
| 1035 NORTH MIAMI AVENUE | MIAMI | FL | 33136 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $1,300 | |
| COCONUT GROVE CARES INC | ||||||||
| 3870 WASHINGTON AVENUE | COCONUT GROVE | FL | 33133 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $250 | |
| DEVELOPING MINDS FOUNDATION | ||||||||
| 934 MICHIGAN AVENUE SUITE 304 | MIAMI | FL | 33139 | NONE | IRC SEC 501(C)(3) | GENERAL PURPOSE | $400 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 4526483 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Agencies | FeesContractsFromGovtAgencies | |
| Membership Dues And Assessments | MembershipDuesAndAssessments | |
| Int On Savings And Temp Cash Invst | IntOnSavingsAndTempCashInvst |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2,998,557 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rental Incm Re Debt Fincd Prop | NetRentalIncmReDebtFincdProp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Incm Personal Property | NetRentalIncmPersonalProperty | |
| Other Investment Income Part VII | OtherInvestmentIncomePartVII |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$1,734,588 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Events | NetIncomeLossFromSpecialEvents | |
| Gross Profit Loss Sales Of Invntry | GrossProfitLossSalesOfInvntry |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,263,969 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 1263969 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (7 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType | Noncash Contribution TypeNoncashContributionType |
|---|---|---|---|---|---|---|---|---|
| 1 | EAST LANE LLC | 14 TAHITI BEACH ISLAND RD | CORAL GABLES | FL | 33143 | 306965 | X | X |
| 2 | FAIRHOLME CAPITAL MANAGEMENT LLC | 4400 BISCAYNE BLVD 9TH FL | MIAMI | FL | 33137 | 16000000 | X | |
| 3 | EAST LANE LLC | 14 TAHITI BEACH ISLAND RD | CORAL GABLES | FL | 33143 | 1008786 | X | X |
| 4 | BRUCE TRACEY BERKOWITZ | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | 15348961 | X | X |
| 5 | BRUCE TRACEY BERKOWITZ | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | 2831643 | X | X |
| 6 | BRUCE TRACEY BERKOWITZ | 14 TAHITI BEACH ISLAND ROAD | CORAL GABLES | FL | 33143 | 496035 | X | X |
| 7 | BRUCE TRACEY BERKOWITZ | 14 TAHITI BEACH ISLND ROAD | CORAL GABLES | FL | 33143 | 1593813 | X | X |
Noncash Property NoncashProperty (6 entries)
| Contributor Number From Part IContributorNumberFromPartI | Noncash Property DescriptionNoncashPropertyDescription | Fair Market ValueFairMarketValue | Date ReceivedDateReceived |
|---|---|---|---|
| 1 | 16,820 SHS HOMEFED CORP | 306965 | 2011-12-29 |
| 3 | 44,538 SHS LEUCADIA NATL CORP | 1008786 | 2011-12-29 |
| 4 | 484,653 SHS FAIRHOLME FUND | 15348961 | 2011-07-25 |
| 5 | 278,705 SHS FAIRHOLME FOCUSED FUND | 2831643 | 2011-12-29 |
| 6 | 27,180 SHS HOMEFED CORP | 496035 | 2011-12-29 |
| 7 | 70,367 SHS LEUCADIA NATL CORP | 1593813 | 2011-12-29 |
Depreciation Schedule DepreciationSchedule
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DISPOSITION OF INTEREST IN 21 TAHITI BEACHI ISLAND RD LLC | Name |
| Date Acquired | 2009-12 | DateAcquired |
| Date Sold | 2001-06 | DateSold |
| Gross Sales Price | 7154170 | GrossSalesPrice |
| Basis | 8737818 | Basis |
| Total Net | -1583648 | TotalNet |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (4 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| FIDELITY STOCKS | 36359516 | 35329726 |
| FAIRHOLME FUND | 78945743 | 63641391 |
| FAIRHOLME FOCUSED INCOME FUND | 9511390 | 8917883 |
| FAIRHOLME ALLOCATION FUND | 4500000 | 4110815 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (2 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| INVESTMENT IN 21 TAHITI BEACH | |||
| ISLAND RD, LLC | AT COST | 0 | 0 |
Land Etc Schedule2 LandEtcSchedule2
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | Category |
| Amount | $28,432 | Amount |
| Net Investment Income | 28432 | NetInvestmentIncome |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| CHARITABLE EVENT | 21911 | 21911 | |
| BANK CHARGES | 63 | 63 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION RECEIVED AN AMENDED 2011 FORM 1099 IN MARCH 2013, WHICH RECLASSIFIED $1,852,174 FROM NON DIVIDEND DISTRIBUTION TO ORDINARY DIVIDENDS. WE KINDLY REQUEST THAT NO PENALTIES BE ASSESSED ON THE AMENDED TAX RETURN. | Explanation |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory |
|---|
| FOREIGN TAXES PAID |
| FEDERAL TAXES |
Comments