2013-11-07T16:31:03-06:00 2012-12-31 HECHT AND COMPANY PC 350 5TH AVENUE - 68TH FL NEW YORK NY 101180110 990PF 2012-01-01 136098464 THE SCHERMAN FOUNDATION INC % THE SCHERMAN FOUNDATION INC SCHE 2128323086 16 EAST 52ND STREET Suite 601 NEW YORK NY 10022 MITCHELL PRATT 2128198000 2013-10-18 true STEVEN STERN 2128198000 2012 2016-03-07 17:11:31Z X 108620554 X 6103625 22 107 1008689 1757843 2264205 25785404 1772336 70 -105539 9376611 3424747 228685 11434 217251 217602 10880 206722 62406 3120 59286 2500 2500 69078 34539 0 34539 373504 166574 77778 12732 26387 8187 409 107670 5384 102287 14505 725 13780 146141 6808 139333 1308056 252605 0 802085 2394750 2394750 3702806 252605 0 3196835 5673805 3172142 135317 118246 118246 1246865 603315 603315 35242178 44936795 47767770 16976843 37004760 50627966 60095777 142694 119912 29334 22782 22782 12664 12664 12664 90647961 96321768 108620554 1620 1622 1620 1622 X 90646341 96320146 90646341 96320146 90647961 96321768 90646341 5673805 96320146 96320146 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C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 2.0 0 0 0 MITCHELL PRATT C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 40.0 228685 32112 0 HILLARY BROWN C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 2.0 0 0 0 JOHN WROCLAWSKI C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 2.0 0 0 0 DAVID R JONES C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 2.0 0 0 0 MIRIAM BUHL C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 2.0 0 0 0 ALEXA M AVILES C/O SCHERMAN FOUNDATION NEW YORK NY 10022 40.0 108300 14937 0 NANCY T HANDLER C/O SCHERMAN FOUNDATION NEW YORK NY 10022 40.0 71314 10014 0 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02210 INVESTMENT COUNSEL 127655 WELLINGTON TRUST COMPANY NA 280 CONGRESS STREET BOSTON MA 02210 INVESTMENT COUNSEL 67464 HECHT AND COMPANY PC 350 FIFTH AVENUE NEW YORK NY 10118 ACCOUNTING SERVICES 69078 NO DIRECT CHARITABLE ACTIVITIES NONE 101266771 1177340 35446 102479557 0 102479557 1537193 100942364 5047118 5047118 63443 63443 4983675 4983675 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EQUIPMENT 1996-02-22 3719 3718 M5 FURNITURE 1996-03-26 2313 2313 M7 OFFICE EQUPMENT 1997-09-10 5504 5504 M5 OFFICE FURNITURE 1997-02-01 578 578 M7 COMPUTER EQUIPMENT 1998-06-30 18963 18963 M5 FURNITURE 1998-11-13 1560 1560 M7 FURNITURE 1999-02-05 1949 1949 M7 COMPUTER EQUIPMENT 1999-07-01 1641 1641 M5 FURNITURE 2000-07-01 2281 2281 M7 COMPUTER EQUIPMENT 2000-07-01 3248 3248 M5 EQUIPMENT 2001-06-01 7089 7089 M5 SOFTWARE 2002-06-01 12678 12678 M3 3 COMPUTER EQUIPMENT 2003-06-01 2038 2038 M5 COMPUTER EQUIPMENT 2004-06-30 6663 6663 M5 EQUIPMENT 2005-07-16 4616 4616 M5 COMPUTER EQUIPMENT 2007-07-15 3770 3770 M5 EQUIPMENT 2008-12-31 6168 4936 SL 5 1232 COMPUTER 2009-07-13 1593 957 SL 5 319 COMPUTERS 2010-04-30 4264 1422 SL 5 853 OFFICE FURNITURE 2011-02-25 2324 387 SL 5 465 OFFICE FURNITURE 2011-03-03 8603 1434 SL 5 1721 FIXTURES 2011-08-01 4860 405 SL 5 972 OFFICE FURNITURE 2011-08-02 2211 184 SL 5 442 FIXTURES 2011-05-15 7952 861 SL 5 1590 PRINTER 2011-11-14 398 10 SL 5 80 COMPUTER 2011-05-11 1746 189 SL 5 349 COMPUTER EQUIPMENT 2012-07-10 1635 SL 5 164 THE SCHERMAN FOUNDATION, INC. HEREBY ELECTS TO TREAT $3,196,835 OF QUALIFYING DISTRIBUTIONS OF THE FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2012 AS BEING MADE OUT OF CORPUS IN ACCORDANCE WITH REGULATION 53.4942(A) - 3(D) (2). MUTUAL FUNDS: OAKMARK SELECT FUND 3471122 3366799 BRIDGEWAY BLUE CHIP 35 INDEX 4457150 4939406 VANGUARD DEVELOPED MARKETS 2590451 2627855 IVA WORLDWIDE FUND CLASS 4901557 5507539 MANNING & NAPIER OVERSEAS FD 5771255 5545526 VANGUARD INTEREMEDIATE BOND 3371672 3300570 PIMCO TOTAL RETURN INSTITUT. 7644449 7609031 DSM LARGE CAP GROWTH FUND 4708675 4639744 BARLOW PARTNERS OFFSHORE LTD 3500000 4419195 GENERATION IM GLOBAL EQUITY 4520464 5812105 ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. AT COST 2000000 2256964 AXIOM GLOBAL EQUITY FUND AT COST 4671346 5708075 DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP AT COST 3000000 4824674 ELLIOTT INTERNATIONAL LIMITED AT COST 3000000 3474577 FIRST STATE INVESTMENTS GLOBAL EMERGING MARKETS LEADERS FD AT COST 4144844 6315982 MASON CAPITAL LTD AT COST 2000000 2140333 SSGA S&P 500 INDEX CTF AT COST 9905909 11287795 WELLINGTON DIVERSIFIED INFLATION HEDGES PORTFOLIO AT COST 5654654 7340348 PERMIT CAPITAL MORTGAGE FUND L.P. - SERIES K AT COST 967282 1331469 SOMERSET EMERGING MARKETS SMALL CAP FUND LLC AT COST 1000000 1048660 SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC AT COST 1100000 1270180 THE HIGHCLERE INTERNATIONAL INVESTORS SMID FUND AT COST 2441984 2832168 CHILTON GLOBAL NATURAL RESOURCES INT'L II (BVI) LTD AT COST 2000000 1313646 POST LIMITED TERM HIGH YIELD AT COST OFFSHORE FUND LTD AT COST 3500000 3687896 STANDARD LIFE INVESTMENTS GLOBAL ABSOLUTE RETURN AT COST 2500000 2536249 EATON VANCE INSTITUTIONAL SENIOR LOAN TRUST AT COST 2524677 2527427 AETHER REAL ASSETS II, LP AT COST 217270 199334 OFFICE EQUIPMENT 2612 2612 OFFICE FURNITURE 8037 8037 OFFICE EQUIPMENT 11681 11681 OFFICE EQUIPMENT 3719 3718 1 FURNITURE 2313 2313 OFFICE EQUPMENT 5504 5504 OFFICE FURNITURE 578 578 COMPUTER EQUIPMENT 18963 18963 FURNITURE 1560 1560 FURNITURE 1949 1949 COMPUTER EQUIPMENT 1641 1641 FURNITURE 2281 2281 COMPUTER EQUIPMENT 3248 3248 EQUIPMENT 7089 7089 SOFTWARE 12678 12678 COMPUTER EQUIPMENT 2038 2038 COMPUTER EQUIPMENT 6663 6663 EQUIPMENT 4616 4616 COMPUTER EQUIPMENT 3770 3770 EQUIPMENT 6168 6168 COMPUTER 1593 1276 317 COMPUTERS 4264 2275 1989 OFFICE FURNITURE 2324 852 1472 OFFICE FURNITURE 8603 3155 5448 FIXTURES 4860 1377 3483 OFFICE FURNITURE 2211 626 1585 FIXTURES 7952 2451 5501 PRINTER 398 90 308 COMPUTER 1746 538 1208 COMPUTER EQUIPMENT 1635 164 1471 SECURITY DEPOSITS 12664 12664 12664 STATIONERY, SUPPLIES & POSTAGE 2303 115 2188 COMPUTER/WEBSITE EXPENSE 21735 1087 20648 TELEPHONE 4526 226 4300 INSURANCE 98307 4915 93392 DUES AND PUBLICATIONS 8345 0 8345 MAINTENANCE & REPAIRS 2061 103 1958 SUNDRY 7234 362 6872 NYS FILING FEE 1500 0 1500 PUBLIC INSPECTION AD 130 0 130 INCOME (LOSS) FROM CTF/PARTNERSHIPS (NON-UBI INCOME): SSGA S&P 500 INDEX -398 DAVIDSON KEMPNER INSTITUTIONAL PTNRS -76781 WELLINGTON DIVERSIFIED INFLATION HEDGES PORTFOLIO -49182 FIRST STATE INVESTMENTS GLOBAL EMERGING MARKETS LEADERS FUND -26684 AXIOM GLOBAL EQUITY FUND 100569 SOMERSET EMERGING MARKETS SMALL CAP FD -13488 THE HIGHCLERE INT'L INVESTORS SMID FD -393 PERMIT CAPITAL MORTGAGE FD-SERIES K -10436 SOMERSET SMALL MID CAP EM ALL COUNTRY -8553 AETHER REAL ASSETS II, LP -20263 OTHER INCOME 70 70 CAFETERIA PLAN FUNDS WITHHELD 1620 1516 403B PENSION PLAN WITHHELD 100 FICA TAX WITHHELD 6 INVESTMENT ADVISORY FEES 365397 158467 CUSTODIAL FEES 8107 8107 PAYROLL TAXES 27776 1389 26387 FOREIGN TAX ON DIVIDENDS 2 11343 0 FEDERAL EXCISE TAX 50000 0 0