ABRAMS FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FOUNDATION INC (EIN 04-6856820)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-10
- IRS object ID
- 201113149349100026
- Schema version
- 2010v3.4
- 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
- All Oth Prog Rltd Investments Sch
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-10T15:13:16-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRAVER PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 117 KENDRICK ST SUITE 800 | AddressLine1 |
| City | NEEDHAM | City |
| State | MA | State |
| ZIP Code | 02494 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046856820 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABRAMS FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ABRA | NameControl |
| Phone | 6176466108 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 BERKELEY STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID ABRAMS | Name |
| Title | OFFICER | Title |
| Phone | 6176466108 | Phone |
| Date Signed | 2011-11-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARSHALL SIKOWITZ | Name |
| Phone | 6179693300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 55111264 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 12000000 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 339 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 339 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 370383 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 370383 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 637329 | NetGainSaleAssetsRevAndExpnss |
| Capital Gain Net Incm Net Invst Incm | 637329 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 1418307 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 1418307 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 14426358 | TotalRevenueAndExpenses |
| Total Net Investment Income | 2426358 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 0 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 0 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 0 | CompOfcrDirTrstDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 9000 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 0 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 9000 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 21738 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 21738 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 0 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 2752 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 2752 | TaxesNetInvstIncm |
| Taxes Dsbrs Chrtbl Prps | 0 | TaxesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 276127 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 274537 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 1590 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 309617 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 299027 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 10590 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 1940297 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 1940297 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 2249914 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 299027 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1950887 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 12176444 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 2127331 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 1242658 | CashBOY |
| Cash EOY | 12974880 | CashEOY |
| Cash EOYFMV | 12974880 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 3050 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 9529 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 9529 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 1243126 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 1278867 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1958694 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 29914316 | InvestmentsOtherBOY |
| Investments Other EOY | 28086316 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 39932240 | InvestmentsOtherEOYFMV |
| Other Assets BOY | 67921 | OtherAssetsBOY |
| Other Assets EOY | 235921 | OtherAssetsEOY |
| Other Assets EOYFMV | 235921 | OtherAssetsEOYFMV |
| Total Assets BOY | 32471071 | TotalAssetsBOY |
| Total Assets EOY | 42585513 | TotalAssetsEOY |
| Total Assets EOYFMV | 55111264 | TotalAssetsEOYFMV |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 150015 | CapitalStockBOY |
| Capital Stock EOY | 150015 | CapitalStockEOY |
| Paid In Or Capital Surplus BOY | 0 | PaidInOrCapitalSurplusBOY |
| Paid In Or Capital Surplus EOY | 0 | PaidInOrCapitalSurplusEOY |
| Retained Earnings BOY | 32321056 | RetainedEarningsBOY |
| Retained Earnings EOY | 42435498 | RetainedEarningsEOY |
| Total Net Assets BOY | 32471071 | TotalNetAssetsBOY |
| Total Net Assets EOY | 42585513 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 32471071 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 42585513 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 32471071 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 12176444 | ExcessOfRevenueOverExpenses |
| Other Increases | 0 | OtherIncreases |
| Subtotal | 44647515 | Subtotal |
| Other Decreases | 2062002 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 42585513 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (18 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|
| GARDNER RUSSO-ST | P | 9729 | 9729 |
| GARDNER RUSSO-LT | P | 11007 | 11007 |
| FROM K-1 RAFFLES ASSOCIATES, LP-ST | P | -117407 | -117407 |
| FROM K-1 RAFFLES ASSOCIATES, LP-LT | P | 346587 | 346587 |
| FROM K-1 ACACIA INSTITUTIONAL PARTNERS-ST | P | 34584 | 34584 |
| FROM K-1 ACACIA INSTITUTIONAL PARTNERS-LT | P | 109428 | 109428 |
| FROM K-1 HIGHVISTA II LP-ST | P | -1397 | -1397 |
| FROM K-1 HIGHVISTA II LP-LT | P | 10994 | 10994 |
| FROM K-1 STAVROU PARTNERS, LP-ST | P | -9 | -9 |
| FROM K-1 STAVROU PARTNERS, LP-LT | P | 7769 | 7769 |
| FROM K-1 HIGHFIELDS CAPITAL LTD-ST | P | -48422 | -48422 |
| FROM K-1 HIGHFIELDS CAPITAL LTD-LT | P | -34455 | -34455 |
| FROM K-1 BAUPOST LP-ST | P | 21194 | 21194 |
| FROM K-1 BAUPOST LP-LT | P | 11474 | 11474 |
| FROM K-1 LABRADOR PARTNERS LP-ST | P | 8814 | 8814 |
| FROM K-1 LABRADOR PARTNERS LP-LT | P | 1661 | 1661 |
| FROM K-1 EQUINOX ILLIQUID-ST | P | 157437 | 157437 |
| FROM K-1 EQUINOX ILLIQUID-LT | P | 108341 | 108341 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 637329 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 2409161 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 35341792 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.068167 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 2445100 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 30177902 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.081023 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 2016956 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 33016879 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.061089 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 1448427 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 18127859 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.079901 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 700250 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 7250660 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.096577 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.386757 | TotalDistributionRatio |
| Average Distribution Ratio | 0.077351 | AverageDistributionRatio |
| Net Noncharitable Assets | 41437425 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 3205226 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 21273 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 3226499 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 1950887 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 42547 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 42547 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 42547 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 175480 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 175480 | TotalCreditsAndPayments |
| Overpayment | 132933 | Overpayment |
| Amount Credited To Next Year | 132933 | AmountCreditedToNextYear |
| Amount To Be Refunded | 0 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 1 | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | 1 | Form990TFiled |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | MA | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 0 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | DAVID AMY ABRAMS | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 6176466108 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 BERKELEY STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 0 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 0 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
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 |
|---|---|---|---|---|---|---|---|---|
| DAVID C ABRAMS | ||||||||
| 222 BERKELEY STREET | BOSTON | MA | 02116 | TRUSTEE | 1.00 | 0 | 0 | 0 |
| AMY ABRAMS | ||||||||
| 222 BERKELEY STREET | BOSTON | MA | 02116 | TRUSTEE | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE ABRAMS FOUNDATION IS A PRIVATE FOUNDATION WHICH RECEIVES INVESTMENT INCOME AND DISTRIBUTES THAT INCOME TO VARIOUS CHARITABLE ORGANIZATIONS SELECTED BY ITS TRUSTEES | Description1 |
| Expenses1 | 0 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1 |
| Amount1 | 0 | Amount1 |
| All Oth Prog Rltd Investments Total | 0 | AllOthProgRltdInvestmentsTotal |
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 1722720 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 3233577 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 37112155 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 42068452 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 42068452 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 631027 | CashDeemedCharitable |
| Net Noncharitable Assets | 41437425 | NetNoncharitableAssets |
| Minimum Investment Return | 2071871 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 2071871 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 42547 | TaxBasedOnInvestmentIncome |
| Total Tax | 42547 | TotalTax |
| Distributable Amount Before Adj | 2029324 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 0 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 2029324 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 2029324 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1950887 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 1950887 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 1950887 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 2029324 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year4 | 1062299 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 415464 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 971681 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 642071 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 3091515 | TotalExcessDistriCarryover |
| Qualifying Distributions | 1950887 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 1950887 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 78437 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 78437 | ExcessDistriCyovAppliedCY |
| Total Corpus | 3013078 | TotalCorpus |
| Prior Year Undistributed Income | 0 | PriorYearUndistributedIncome |
| Prior Year Deficiency Or Tax | 0 | PriorYearDeficiencyOrTax |
| Taxable Amount1 | 0 | TaxableAmount1 |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Distri From Corpus170b1 E Or4942g3 | 0 | DistriFromCorpus170b1EOr4942g3 |
| Excess Distri Cyov From Year5 | 0 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 3013078 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 983862 | ExcessFromYear4 |
| Excess From Year3 | 415464 | ExcessFromYear3 |
| Excess From Year2 | 971681 | ExcessFromYear2 |
| Excess From Year1 | 642071 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (30 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 |
|---|---|---|---|---|---|---|---|---|
| BERKLEE COLLEGE OF MUSIC | ||||||||
| 1140 BOYLSTON STREET | BOSTON | MA | 02215 | NONE | CHARITY | PHILIP BAILEY CITY MUSIC SCHOLARSHIP/GENERAL PURPOSE | $306,600 | |
| BETH ISRAEL DEACONESS MEDICAL CENTER | ||||||||
| 330 BROOKLINE AVENUE | BOSTON | MA | 02115 | NONE | CHARITY | ANNUAL FUND | $10,000 | |
| BRANDEIS UNIVERSITY | ||||||||
| 415 SOUTH STREET | WALTHAM | MA | 02453 | NONE | CHARITY | GENERAL PURPOSE | $125,000 | |
| BRIGHAM & WOMEN'S HOSPITAL | ||||||||
| 116 HUNTINGTON AVENUE 5TH FLOOR | BOSTON | MA | 02116 | NONE | CHARITY | GENERAL PROGRAM SUPPORT | $10,000 | |
| BROOKLINE COMMUNITY FOUNDATIONSTS | ||||||||
| 40 WEBSTER PLACE | BOSTON | MA | 02445 | NONE | CHARITY | GENERAL PURPOSE | $20,000 | |
| BROOKLINE COMMUNITY MENTAL HEALTH CENTER | ||||||||
| 41 GARRISON RD | BROOKLINE | MA | 02445 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| CHILDREN'S HOSPITAL BOSTON | ||||||||
| 1 AUTUMN STREET 731 | BOSTON | MA | 02215 | NONE | CHARITY | DEVELOPMENTAL MEDICINE CENTER | $10,000 | |
| COLUMBIA UNIVERSITY - SIPA | ||||||||
| 420 WEST 118TH STREET MAIL CODE | NEW YORK | NY | 10027 | NONE | CHARITY | ANNUAL FUND | $5,000 | 3328 1508 INTERNATIONAL AFFAIRS BUI |
| COMBINED JEWISH PHILANTHROPIES BOSTON | ||||||||
| 126 HIGH STREET | BOSTON | MA | 02110 | NONE | CHARITY | ANNUAL FUND | $300,000 | |
| COMPASS WORKING CAPITAL | ||||||||
| 89 SOUTH ST SUITE 203 | BOSTON | MA | 02111 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| EDVESTORS | ||||||||
| 140 CLARENDON STREET | BOSTON | MA | 02116 | NONE | CHARITY | SCHOOLS ON THE MOVE PRIZE | $10,000 | |
| FACING HISTORY AND OURSELVES | ||||||||
| 16 HARD ROAD | BROOKLINE | MA | 02445 | NONE | CHARITY | ANNUAL FUND, PLEDGE PAYMENT | $250,000 | |
| HILLEL OF THE UNIVERSITY OF PENNSYLVANIA | ||||||||
| 215 SOUTH 39TH ST | PHILADELPHIA | PA | 19104 | NONE | CHARITY | GENERAL PURPOSE | $1,000 | |
| ISABELLA STEWART GARDNER MUSEUM | ||||||||
| 280 FENWAY | BOSTON | MA | 02215 | NONE | CHARITY | GENERAL PROGRAM SUPPORT | $125,000 | |
| MASSACHUSETTS GENERAL HOSPITAL | ||||||||
| 165 CAMBRIDGE STREET | BOSTON | MA | 02114 | NONE | CHARITY | GENERAL PROGRAM SUPPORT | $10,000 | |
| MATCH CHARTER PUBLIC SCHOOL | ||||||||
| 1001 COMMONWEALTH AVE | BOSTON | MA | 02215 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| MILTON ACADEMY | ||||||||
| 170 CENTRE STREET | MILTON | MA | 02186 | NONE | CHARITY | ANNUAL FUND, CLASS I 2008 ENDOWMENT FUND FOR FACULTY | $200,000 | |
| NATIVITY PREPARATORY SCHOOL | ||||||||
| 39 LAMARTINE ST | JAMAICA PLAIN | MA | 02130 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| PROJECT HOPE | ||||||||
| 550 DUDLEY ST | BOSTON | MA | 02119 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| ROXBURY PREPARATORY CHARTER SCHOOL | ||||||||
| 120 FISHER AVENUE | ROXBURY | MA | 02120 | NONE | CHARITY | LITERACY POSITION/ANNUAL FUND | $15,000 | |
| STEPPINGSTONE FOUNDATION | ||||||||
| 155 FEDERAL ST 800 | BOSTON | MA | 02110 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| STRATEGIC GRANT PARTNERS | ||||||||
| 240 NEWBURY ST | BOSTON | MA | 02116 | NONE | CHARITY | GENERAL PURPOSE | $137,697 | |
| SUMMER SEARCH | ||||||||
| 500 AMORY ST 2 | JAMAICA PLAIN | MA | 02130 | NONE | CHARITY | GENERAL PURPOSE | $20,000 | |
| TEACH FOR AMERICA | ||||||||
| 60 CANAL ST | BOSTON | MA | 02114 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| TEMPLE ISREAL | ||||||||
| 477 LONGWOOD AVE | BOSTON | MA | 02215 | NONE | CHARITY | GENERAL PURPOSE | $250,000 | |
| THE BOSTON FOUNDATION | ||||||||
| 75 ARLINGTON ST 1000 | BOSTON | MA | 02215 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| THE BROOKLINE HIGH SCHOOL 21ST CENTURY FUND | ||||||||
| 115 GREENOUGH ST | BROOKLINE | MA | 02445 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| THE INSTITUTE OF CONTEMPORARY ART BOSTON | ||||||||
| 100 NORTHERN AVENUE | BOSTON | MA | 02110 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| WELLFLEET HARBOR ACTORS THEATER | ||||||||
| PO BOX 797 | WELLFLEET | MA | 02667 | NONE | CHARITY | GENERAL PURPOSE | $10,000 | |
| WGBH | ||||||||
| ONE GUEST ST | BOSTON | MA | 02135 | NONE | CHARITY | GENERAL PROGRAM SUPPORT | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 1940297 | TotGrantOrContriPaidDuringYear |
| Tot Grant Or Contri Approved Future | 0 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $339 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $370,383 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,418,307 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $637,329 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | $2,426,358 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 2426358 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | DAVID C AND AMY ABRAMS | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 222 BERKELEY STREET | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 12000000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | Category |
| Amount | $9,000 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Disbursements Charitable Prps | 9000 | DisbursementsCharitablePrps |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Oth Prog Rltd Investments AllOthProgRltdInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NONE | Description |
| Amount | $0 | Amount |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | GARDNER RUSSO & GARNER INVESTMENTS | NameOfStock |
| EOY Book Value | 1278867 | EOYBookValue |
| EOYFMV | 1958694 | EOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (11 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| KENSICO OFFSHORE FUND, LTD | AT COST | 2650000 | 6961052 |
| RAFFLES ASSOCIATES, L.P. | AT COST | 5250000 | 6041053 |
| ACACIA INSTITUTIONAL PARTNERS, LP | AT COST | 5000000 | 7696849 |
| STAVROU PARTNERS, L.P. | AT COST | 1000000 | 1177342 |
| CROSS SHORE FUND, LTD. | AT COST | 1000000 | 1316326 |
| HIGHFIELDS CAPITAL LTD. | AT COST | 4376510 | 5409850 |
| BAUPOST LTD PARTNERSHIP | AT COST | 2672000 | 6040076 |
| HIGHVISTA II LP | AT COST | 1000000 | 1360714 |
| DALMATION OFFSHORE LTD. | AT COST | 0 | 0 |
| EQUINOX ILLIQUID FUND, L.P. | AT COST | 2000000 | 3452105 |
| LABRADOR PARTNERS, LP | AT COST | 3137806 | 476873 |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PREPAID TAXES | Description |
| BOY Book Value | 67921 | BOYBookValue |
| EOY Book Value | 235921 | EOYBookValue |
| EOYFMV | 235921 | EOYFMV |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BOOK/TAX DIFF - P'SHIP INCOME | Description |
| Amount | $2,062,002 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (11 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| OTHER DEDUCTIONS | 1590 | 0 | 1590 |
| FROM K-1 RAFFLES ASSOCIATES, LP | 77834 | 77834 | 0 |
| FROM K-1 ACACIA INSTITUTIONAL PARTNERS | 6913 | 6913 | 0 |
| FROM K-1 HIGHVISTA II L.P. | 21141 | 21141 | 0 |
| FROM K-1 STAVROU PARTNERS, LP | 1363 | 1363 | 0 |
| FROM K-1 HIGHFIELDS CAPITAL LTD. | 21057 | 21057 | 0 |
| FROM K-1 BAUPOST LP | 35647 | 35647 | 0 |
| FROM K-1 EQUINOX ILLIQUID L.P. | 80936 | 80936 | 0 |
| FROM K-1 RAFFLES ASSOCIATES, LP INVESTMENT INCOME | 856 | 856 | 0 |
| FROM K-1 ACACIA INSTITUTIONAL PARTNERS INVESTMENT INCOME | 23450 | 23450 | 0 |
| FROM K-1 LABRADOR PARTNERS LP | 5340 | 5340 | 0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (5 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| OTHER INVESTMENT INCOME | 27899 | 27899 | 27899 |
| FROM K-1 HIGHVISTA II L.P. INVESTMENT INCOME | 83147 | 83147 | 83147 |
| FROM K-1 HIGHFIELDS CAPITAL LTD. INVESTMENT INCOME | 478515 | 478515 | 478515 |
| FROM K-1 BAUPOST LP INVESTMENT INCOME | 784665 | 784665 | 784665 |
| FROM K-1 EQUINOX ILLIQUID INVESTMENT INCOME | 44081 | 44081 | 44081 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | Category |
| Amount | $21,738 | Amount |
| Net Investment Income | 21738 | NetInvestmentIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| TAXES OTHER | $265 | 265 | 0 |
| FOREIGN TAXES | $2,487 | 2487 | 0 |
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