THE MARY ALICE FORTIN FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE MARY ALICE FORTIN FOUNDATION (EIN 59-2469696)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-14
- IRS object ID
- 201323189349100987
- Schema version
- 2012v2.1
- 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 Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-14T14:43:39-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 LAKEVIEW AVENUE SUITE 280 | AddressLine1 |
| City | WEST PALM BEACH | City |
| State | FL | State |
| ZIP Code | 33401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592469696 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MARY ALICE FORTIN FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % DANIELLE H MOORE | InCareOfName |
| Name Control | MARY | NameControl |
| Phone | 5616591226 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 CHILEAN AVENUE | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | PALM BEACH | City |
| State | FL | State |
| ZIP Code | 33480 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | lesly smith | Name |
| Title | president | Title |
| Phone | 5618350103 | Phone |
| Date Signed | 2013-11-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM W FONG | Name |
| Phone | 5618320038 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 136355236 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 57900425 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 325 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 325 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 3332392 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 3149650 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 1015353 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 40221360 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 1015353 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 128697 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 65202 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 62377192 | TotalRevenueAndExpenses |
| Total Net Investment Income | 4230530 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 1110000 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 555000 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 555000 | CompOfcrDirTrstDsbrsChrtblPrps |
| Oth Empl Slrs Wgs Rev And Expnss | 8500 | OthEmplSlrsWgsRevAndExpnss |
| Oth Empl Slrs Wgs Net Invst Incm | 4250 | OthEmplSlrsWgsNetInvstIncm |
| Oth Empl Slrs Wgs Dsbrs Chrtbl Prps | 4250 | OthEmplSlrsWgsDsbrsChrtblPrps |
| Pension Empl Bnft Rev And Expnss | 180000 | PensionEmplBnftRevAndExpnss |
| Pension Empl Bnft Net Invst Incm | 90000 | PensionEmplBnftNetInvstIncm |
| Pension Empl Bnft Dsbrs Chrtbl Prps | 90000 | PensionEmplBnftDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 20198 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 10099 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 10099 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 651477 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 651477 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 250616 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 188577 | TaxesNetInvstIncm |
| Taxes Dsbrs Chrtbl Prps | 15540 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 399640 | DeprecAndDepletionRevAndExpnss |
| Deprec And Depletion Net Invst Incm | 399640 | DeprecAndDepletionNetInvstIncm |
| Other Expenses Rev And Expnss | 16464 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 6541 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 9094 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 2636895 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1905584 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 683983 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 2335618 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 2335618 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 4972513 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1905584 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 3019601 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 57404679 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 2324946 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 2850962 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 3129386 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 3129386 | SavingsAndTempCashInvstEOYFMV |
| Investments Govt Oblig BOY | 4098470 | InvestmentsGovtObligBOY |
| Investments Govt Oblig EOY | 5840281 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 5464837 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock BOY | 21034962 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 68089947 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 85013687 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 8289513 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 7160400 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 8397782 | InvestmentsCorpBondsEOYFMV |
| Investments Other BOY | 18324236 | InvestmentsOtherBOY |
| Investments Other EOY | 28021412 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 34126118 | InvestmentsOtherEOYFMV |
| Other Assets BOY | 282024 | OtherAssetsBOY |
| Other Assets EOY | 223426 | OtherAssetsEOY |
| Other Assets EOYFMV | 223426 | OtherAssetsEOYFMV |
| Total Assets BOY | 54880167 | TotalAssetsBOY |
| Total Assets EOY | 112464852 | TotalAssetsEOY |
| Total Assets EOYFMV | 136355236 | TotalAssetsEOYFMV |
| Other Liabilities BOY | 10035 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 190041 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 10035 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 190041 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 54870132 | CapitalStockBOY |
| Capital Stock EOY | 112274811 | CapitalStockEOY |
| Retained Earnings BOY | 0 | RetainedEarningsBOY |
| Retained Earnings EOY | 0 | RetainedEarningsEOY |
| Total Net Assets BOY | 54870132 | TotalNetAssetsBOY |
| Total Net Assets EOY | 112274811 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 54880167 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 112464852 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 54870132 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 57404679 | ExcessOfRevenueOverExpenses |
| Subtotal | 112274811 | Subtotal |
| Total Net Assets Fund Balances EOY | 112274811 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (38 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|
| MERRILL LYNCH 02179 SHORT TERM | D | 131986 | 107680 | 24306 | 24306 |
| MERRILL LYNCH LONG TERM | D | 1171759 | 1371510 | -199751 | -199751 |
| BP PLC | D | 202886 | 297475 | -94589 | -94589 |
| EXXON MOBIL CORP | D | 197336 | 161759 | 35577 | 35577 |
| ROYAL DUTCH SHELL | D | 26 | 0 | 26 | 26 |
| NTH EURPN OIL TR (ML) | D | 309303 | 399410 | -90107 | -90107 |
| MORGAN STANLEY 110944 | D | 981590 | 996146 | -14556 | -14556 |
| MORGAN STANLEY 110944 | D | 3029706 | 2920956 | 108750 | 108750 |
| MORGAN STANLEY 110944 | D | 1000678 | 1061639 | -60961 | -60961 |
| MORGAN STANLEY 1172 | D | 11544590 | 11140083 | 404507 | 404507 |
| MORGAN STANLEY 1172 | D | 265491 | 250298 | 15193 | 15193 |
| US TRUST 4349 | D | 3242270 | 3353505 | -111235 | -111235 |
| US TRUST 4349 | D | 760870 | 586126 | 174744 | 174744 |
| US TRUST 0602 | D | 1783217 | 2332908 | -549691 | -549691 |
| LITIGATION SETTLEMENT US TRUST 0602 | D | 3062 | 3062 | 3062 | |
| JP MORGAN 73035003 | D | 683265 | 566600 | 116665 | 116665 |
| JP MORGAN 73035003 | D | 509466 | 517816 | -8350 | -8350 |
| JP MORGAN 73035003 | D | 782676 | 527405 | 255271 | 255271 |
| JP MORGAN 82644001 | D | 14463 | 14680 | -217 | -217 |
| JP MORGAN 82644001 | D | 30218 | 30800 | -582 | -582 |
| JP MORGAN 82405007 | D | 8112 | 11134 | -3022 | -3022 |
| JP MORGAN 82405007 | D | 121565 | 56698 | 64867 | 64867 |
| JP MORGAN 82646006 | D | 120171 | 103075 | 17096 | 17096 |
| JP MORGAN 82646006 | 243257 | 130401 | 112856 | 112856 | |
| JP MORGAN 34106000 | D | 3012579 | 2992614 | 19965 | 19965 |
| JP MORGAN 34106000 | D | 4544796 | 4454902 | 89894 | 89894 |
| DEUTSCHE 2469696 | D | 360626 | 347451 | 13175 | 13175 |
| DEUTSCHE 2469696 | D | 44309 | 42688 | 1621 | 1621 |
| ADJUSTMENT TO DEUTSCHE COST | D | 5608 | 0 | 5608 | 5608 |
| GLICKENHAUS 658 | D | 3879090 | 3263636 | 615454 | 615454 |
| JPM 73030004 | D | 75492 | 78532 | -3040 | -3040 |
| JPM 78700007 | D | 290624 | 303766 | -13142 | -13142 |
| CYPRESS INVESTMENT BOND FUND | P | 11928 | 11928 | 11928 | |
| JPM 73030004 | 149152 | 167300 | -18148 | -18148 | |
| JPM 73030004 | 477576 | 383767 | 93809 | 93809 | |
| JPM 78700007 | 38443 | 52050 | -13607 | -13607 | |
| JPM 78700007 | 153773 | 181197 | -27424 | -27424 | |
| CAPITAL GAIN DIVIDENDS | P | 39401 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 1015353 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 3232132 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 52887937 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.061113 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 788320 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 13456352 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.058583 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 557175 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 5036906 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.110619 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 476505 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 7289589 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.065368 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 777836 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 8172543 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.095177 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.39086 | TotalDistributionRatio |
| Average Distribution Ratio | 0.078172 | AverageDistributionRatio |
| Net Noncharitable Assets | 87464236 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 6837254 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 23249 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 6860503 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 3019601 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 46499 | InvestmentIncomeExciseTax |
| Subtotal | 46499 | Subtotal |
| Tax Based On Investment Income | 46499 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 62514 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 62514 | TotalCreditsAndPayments |
| Overpayment | 16015 | Overpayment |
| Amount Credited To Next Year | 16015 | 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 | true | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | true | Form990TFiled |
| 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 | true | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIELLE H MOORE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 5618350103 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 CHILEAN AVE | AddressLine1 |
| City | PALM BEACH | City |
| State | FL | State |
| ZIP Code | 33480 | 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 (8 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 |
|---|---|---|---|---|---|---|---|
| DANIELLE HICKOX MOORE | |||||||
| 277 PENDLETON AVENUE | PALM BEACH | FL | 33480 | PRES/TREAS | 21.0 | 395000 | 50000 |
| LESLY S SMITH | |||||||
| 300 CHAPEL HILL ROAD | PALM BEACH | FL | 33480 | DIRECTOR | 21.0 | 320000 | 50000 |
| SUSAN STOCKARD CHANNING | |||||||
| 201 CHILEAN AVENUE | PALM BEACH | FL | 33480 | DIRECTOR | 10.0 | 245000 | 50000 |
| NICK R CLADIS | |||||||
| 1931 MULBERRY DRIVE | BILLINGS | MT | 59102 | DIRECTOR | 10.0 | 20000 | 0 |
| LARRY ALEXANDER | |||||||
| 215 GARDEN RD | PALM BEACH | FL | 33480 | DIRECTOR | 18.0 | 75000 | 30000 |
| MARY ALICE PLISCO | |||||||
| 3482 LANTERN BAY DR | JUPITER | FL | 33477 | DIRECTOR | 21.0 | 20000 | 0 |
| CAROL MCCRACKEN | |||||||
| 245 BARTON AVE | PALM BEACH | FL | 33480 | SECRETARY | 18.0 | 20000 | 0 |
| KELLY P MOORE | |||||||
| 277 PENDLETON AVE | PALM BEACH | FL | 33480 | DIRECTOR | 10.0 | 15000 | 0 |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|
| MORGAN STANLEY | |||||
| 399 PARK AVENUE 12TH FLOOR | NEW YORK | NY | 10022 | MGT OF INVESTMENTS | 270991 |
| GLICKENHAUS & CO | |||||
| 546 FIFTH AVENUE | NEW YORK | NY | 10036 | MGT OF INVESTMENTS | 151912 |
| JP MORGAN CHASE BANK | |||||
| 205 ROYAL PALM WAY | PALM BEACH | FL | 33480 | MGT OF INVESTMENTS | 151877 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION DOES NOT PERFORM CHARITABLE ACTIVITIES OTHER THAN DIRECT CONTRIBUTIONS TO QUALIFIED CHARITABLE ORGANIZATIONS. | Description1 |
| 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 | 86059855 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 2736324 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 88796179 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 88796179 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1331943 | CashDeemedCharitable |
| Net Noncharitable Assets | 87464236 | NetNoncharitableAssets |
| Minimum Investment Return | 4373212 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 4373212 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 46499 | TaxBasedOnInvestmentIncome |
| Total Tax | 46499 | TotalTax |
| Distributable Amount Before Adj | 4326713 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 4326713 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 4326713 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 3019601 | 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 | 3019601 | QualifyingDistributions |
| Adj Qualifying Distributions | 3019601 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 4326713 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Prior Year1 | 2010 | PriorYear1 |
| Prior Year2 | 2009 | PriorYear2 |
| Prior Year3 | 2008 | PriorYear3 |
| Excess Distri Carryover Year5 | 202859 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 116536 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 306461 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 119992 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 625072 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 1370920 | TotalExcessDistriCarryover |
| Qualifying Distributions | 3019601 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Current Year | 3019601 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 1307112 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 1307112 | ExcessDistriCyovAppliedCY |
| Total Corpus | 63808 | TotalCorpus |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 63808 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 63808 | ExcessFromYear1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundations |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE SCHEDULE ATTACHED | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE SCHEDULE ATTACHED | AddressLine1 |
| City | SEE SCHEDULE ATTACHED | City |
| State | FL | State |
| ZIP Code | 33480 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationship |
| Recipient Foundation Status | PUBLIC | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | GENERAL SUPPORT FOR PROGRAMS | PurposeOfGrantOrContribution |
| Amount | $2,335,618 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 2335618 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $325 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $3,332,392 | 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 | $1,015,353 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Events | NetIncomeLossFromSpecialEvents | |
| Gross Profit Loss Sales Of Invntry | GrossProfitLossSalesOfInvntry |
Other Revenue Described OtherRevenueDescribed (14 entries)
| DescriptionDescription | Exclusion CodeExclusionCode | ExclusionExclusionAmount | Business CodeBusinessCode | Unrelated Business IncomeUnrelatedBusinessIncomeAmount |
|---|---|---|---|---|
| CYPRESS INVESTMENT | 41 | $52,869 | ||
| CASH LIQUIDATION DISTRIBUTION - US TRUST | 41 | $1,299 | ||
| THRU JP MORGAN - ORDINARY INCOME | 41 | $4,387 | ||
| REAL ESTATE OPPORTUNITY CAPITAL FD II-B | 41 | $27,270 | ||
| MISCELLANEOUS INCOME | 41 | $18,630 | ||
| ENTERPRISE PRODUCTS PARTNERS (PTP) | 41 | $6,992 | 900099 | -$9,481 |
| POWERSHARES DB COMMODITY (PTP) | 41 | $1,636 | ||
| PIONEER SOUTHWEST ENERGY PARTNERS (PTP) | 41 | $0 | 900099 | -$11,151 |
| THE BLACKSTONE GROUP (PTP) | 41 | $910 | 900099 | $7 |
| POWERSHARES DB COMMODITY (PTP) | 41 | -$62 | ||
| CUTLER CONVERTIBLE ABSOLUTE RETURN FD | 41 | $18,641 | ||
| CUTLER INVESTMENT FUND | 41 | $49,576 | 900099 | $4,840 |
| NADG US CORE PLUS ACQUISITION FUND | 41 | -$31,128 | ||
| ALPHAKEYS KKR FUND XI | 41 | -$6,538 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | -$15,785 | UnrelatedBusinessIncomeAmount |
| Exclusion | $4,492,552 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 4476767 | 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 (2 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 | MARY ALICE FORTIN IRREVOCABLE TRUST | 201 CHILEAN AVENUE | PALM BEACH | FL | 33480 | 8846603 | X | |
| 2 | MARY ALICE FORTIN IRREVOCABLE TRUST | 201 CHILEAN AVENUE | PALM BEACH | FL | 33480 | 49053822 | X | X |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 2 | ContributorNumberFromPartI |
| Noncash Property Description | SECURITIES | NoncashPropertyDescription |
| Fair Market Value | 49053822 | FairMarketValue |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PRICEWATERHOUSECOOPERS LLP | Category |
| Amount | $20,198 | Amount |
| Net Investment Income | 10099 | NetInvestmentIncome |
| Disbursements Charitable Prps | 10099 | DisbursementsCharitablePrps |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds (3 entries)
| Name Of BondNameOfBond | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| GENERAL ELEC CAP CORP MED TERM | 99976 | 102685 |
| JP MORGAN 34106000 | 6680090 | 7907788 |
| DEUTSCHE | 380334 | 387309 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (14 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| US TRUST #0602 | 9116187 | 14376000 |
| MORGAN STANLEY #1172 | 0 | 0 |
| US TRUST #4349 | 5605218 | 6066685 |
| DEUTSCHE | 1283600 | 1370152 |
| GLICKENHAUS | 0 | 0 |
| JP MORGAN 3030004 | 3211560 | 3708748 |
| JP MORGAN 3035003 | 7537258 | 9056628 |
| JP MORGAN 78700007 | 6325599 | 9385966 |
| JP MORGAN 78704009 | 5993888 | 7893016 |
| JP MORGAN 82405007 | 5044995 | 5858946 |
| JP MORGAN 82644001 | 4829746 | 5391275 |
| JP MORGAN 8264606 | 7638689 | 9951838 |
| MORGAN STANLEY 110944 | 9419553 | 9820962 |
| MERRILL LYNCH | 2083654 | 2133471 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 5840281 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 5464837 | USGovtSecuritiesEOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (16 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| CYPRESS INVESTMENT | AT COST | 0 | 0 |
| MARINER ATLANTIC | AT COST | 10975397 | 13238681 |
| PAN-MULTI STRATEGY | AT COST | 2322879 | 2238983 |
| AIP CUSTOM HEDGE FUND SOLUTION | AT COST | 6722731 | 10516750 |
| ALPHAKEY KKR FUND | AT COST | 103462 | 100000 |
| O'CONNOR GLOBAL MULTI STRAT FD | AT COST | 1010000 | 1030858 |
| UBS MILLENNIUM FD | AT COST | 505000 | 501541 |
| REAL ESTATE OPPOR CAP FUND II | AT COST | 986478 | 959208 |
| NADG US CORE PLUS ACQU FD | AT COST | 308872 | 308872 |
| NADG US CORE PLUS SYNDIC COSTS | AT COST | 60000 | 60000 |
| CUTLER CONVERT ABSOL RET FUND | AT COST | 2066667 | 2066667 |
| CUTLER INVESTMENT FUND | AT COST | 2054416 | 2054416 |
| STARWOOD PPTY REIT - US TRUST | AT COST | 231939 | 263200 |
| ALTERNATIVE INVEST - JPM DMV | AT COST | 195354 | 249409 |
| ALTERNATIVE INVEST - JPM STRAT | AT COST | 384861 | 444496 |
| ALTERNATIVE INVEST - JPM BRAND | AT COST | 93356 | 93037 |
Land Etc Schedule2 LandEtcSchedule2
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (5 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| DIVIDEND&INTEREST RECEIVABLE | 221788 | 32028 | 32028 |
| DUE FROM FORTIN FOUNDATION-PR | 30222 | 169887 | 169887 |
| PREPAID FEDERAL INCOME TAX | 30014 | 20015 | 20015 |
| PREPAID STATE INCOME TAX | 0 | 1000 | 1000 |
| PAYROLL TAX RECEIVABLE | 0 | 496 | 496 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (7 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| OFFICE EXPENSES | 258 | 258 | |
| D & O INSURANCE | 11994 | 5997 | 5997 |
| FL COPR FEE | 123 | 61 | 62 |
| PENSION EXPENSE | 950 | 475 | 475 |
| BANK CHARGES | 14 | 7 | 7 |
| POSTAGE | 1467 | 1467 | |
| MEALS & ENTERTAINMENT | 1658 | 829 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (15 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| CYPRESS INVESTMENT BOND FUND | 52869 | -7490 |
| LIQUIDATION DISTRIBUTION - US TRUST 0602 | 1299 | 1299 |
| MISCELLANEOUS INCOME | 4874 | 4874 |
| POWERSHARES DB - JPM STRATEGIC | -62 | -62 |
| JP MORGAN 73035003 - MISC INCOME | 4387 | 4387 |
| ENTERPRISE PRODUCTS PARTNERS (PTP) | -2489 | 7019 |
| POWERSHARES DB COMMODITY (PTP) | 1636 | 1636 |
| PIONEER SOUTHWEST ENERGY PARTNERS (PTP) | -11151 | 0 |
| CUTLER INVESTMENT FUND, L.P | 54416 | 24337 |
| THE BLACKSTONE GROUP L.P. (PTP) | 917 | 910 |
| CUTLER CONVERT ABSOLUTE RETURN FUND, L.P | 18641 | 73379 |
| ALPHAKEYS KKR FUND XI | -6538 | -5356 |
| REAL ESTATE OPPORTUNITY CAPITAL FUND | 27270 | -31841 |
| NADG US CORE PLUS ACQUISITION FUND | -31128 | -21646 |
| OTHER INCOME | 13756 | 13756 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue |
|---|---|---|
| PAYROLL TAX PAYABLE | 35 | 41 |
| DUE TO FORTIN FOUNDATION | 10000 | 10000 |
| PROFIT SHARING PLAN PAYABLE | 0 | 180000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (19 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| INVESTMENT FEES - MS 110944 | $47,599 | 47599 |
| CHFS FEES - MS 110944 | $43,830 | 43830 |
| INVESTMENT FEES - ML 02179 | $6,500 | 6500 |
| ADR FEES - ML 02179 | $48 | 48 |
| INVESTMENT FEES - MS 1172 | $46,168 | 46168 |
| CHFS FEES - MS 1172 | $133,394 | 133394 |
| INVESTMENT FEES - UST 4349 | $42,644 | 42644 |
| ADR FEES - UST 4349 | $50 | 50 |
| SPDR GOLD FEES - UST 4349 | $2,039 | 2039 |
| SPDR GOLD FEES - 0602 | $5,737 | 5737 |
| INVESTMENT FEES - JPM 73035003 | $3,552 | 3552 |
| INVESTMENT FEES - JPM 34106000 | $6,404 | 6404 |
| INVESTMENT FEES - DEUTSCHE | $19,679 | 19679 |
| INVESTMENT FEES - JPM 30300004 | $9,282 | 9282 |
| INVESTMENT FEES - JPM 78700007 | $22,787 | 22787 |
| INVESTMENT FEES - JPM 78704009 | $20,091 | 20091 |
| INVESTMENT FEES - GLICKENHAUS | $151,912 | 151912 |
| INVESTMENT FEES - BRANDYWINE | $44,709 | 44709 |
| INVESTMENT FEES - HILLSWICK | $45,052 | 45052 |
Taxes Schedule TaxesSchedule
Taxes Taxes (15 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| FOREIGN TAXES - US TRUST 4349 | $3,140 | 3140 | |
| FOREIGN TAXES - US TRUST 0602 | $1,453 | 1453 | |
| FOREIGN TAXES - JPM 73035003 | $253 | 253 | |
| FOREIGN TAXES - GLICKENHAUS | $687 | 687 | |
| FOREIGN TAXES - DEUTSCHE | $737 | 737 | |
| FEDERAL TAX | $46,499 | ||
| FOREIGN TAXES - ML 02179 | $311 | 311 | |
| FOREIGN TAXES - MS 110944 | $2,817 | 2817 | |
| FOREIGN TAXES - MS 1172 | $298 | 298 | |
| PAYROLL TAXES | $31,080 | 15540 | 15540 |
| FOREIGN TAX - ESTATE OF MAF | $95,857 | 95857 | |
| FOREIGN TAX - MAF IRREV TRUST | $66,794 | 66794 | |
| FOREIGN TAX - JPM 78700007 | $498 | 498 | |
| FOREIGN TAX - JPM 78704009 | $175 | 175 | |
| FOREIGN TAX - JPM 3030004 | $17 | 17 |
Comments