BLANKET FORT FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- BLANKET FORT FOUNDATION (EIN 52-2073256)
- Tax period
- 2020-12-01 to 2021-11-30
- Filed
- 2022-03-11
- IRS object ID
- 202200709349101210
- Schema version
- 2020v4.2
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases 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) |
|---|---|---|
| Return | 2022-03-11T15:20:22-06:00 | ReturnTs |
| Tax Period End | 2021-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475153865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSEN SAPPERSTEIN & FRIEDLANDER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522073256 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLANKET FORT FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | F/K/A LERNER FAMILY FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BLAN | BusinessNameControlTxt |
| Phone | 4106020195 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK LERNER | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 4106020195 | PhoneNum |
| Signature | 2022-03-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARK | PersonFirstNm |
| Person Last | LERNER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID S ROSEN ESQ CPA | PreparerPersonNm |
| PTIN | P01071493 | PTIN |
| Phone | 4105810800 | PhoneNum |
| Preparation | 2022-03-05 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $22,610,999 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $8,532,648 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,354 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,354 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $522,365 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $186,368 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,038,709 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,634,010 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,038,709 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $30,009 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $9 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $15,125,085 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,226,440 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,340 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $12,597 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $7,960 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $8,087 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $87 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $332,634 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $332,594 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $362,618 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $332,681 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,041,236 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,041,236 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,403,854 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $332,681 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,041,236 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $13,721,231 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,893,759 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,426 | CashBOYAmt |
| Cash EOY | $488,958 | CashEOYAmt |
| Cash EOYFMV | $488,958 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $314 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $629,644 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $629,644 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $4,385,447 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,643,851 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,643,851 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $8,336,568 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $12,848,546 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $12,848,546 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $12,724,755 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,610,999 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $22,610,999 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $10,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $12,724,755 | CapitalStockBOYAmt |
| Capital Stock EOY | $22,600,999 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,724,755 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,600,999 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $12,724,755 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,610,999 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,724,755 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $13,721,231 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $26,445,986 | SubtotalAmt |
| Other Decreases | $3,844,987 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $22,600,999 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| CHARLES SCHWAB - SHORT TERM | P | $1,662,667 | $866,953 | $795,714 | $795,714 |
| CHARLES SCHWAB - LONG TERM - TILRAY INC. | D | $1,036,963 | $486,323 | $550,640 | $550,640 |
| N2 PARTNERS LP | P | $161 | -$161 | -$161 | |
| N2 PARTNERS LP | P | $1,330 | $1,330 | $1,330 | |
| CHARLES SCHWAB - LONG TERM - CRONOS GROUP INC. STOCK | D | $40,015 | $1,355 | $38,660 | $38,660 |
| GOTHAM GREEN FUND II (Q) LP | P | $55,495 | $55,495 | $55,495 | |
| GOTHAM GREEN FUND II (Q) LP | P | $382,630 | $382,630 | $382,630 | |
| CHARLES SCHWAB - LONG TERM - PELOTON INTERACTIVE INC. | D | $4,454,910 | $240,509 | $4,214,401 | $4,214,401 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,038,709 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $81,923 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $81,923 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $81,923 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $16,799 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $16,799 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1,472 | EsPenaltyAmt |
| Tax Due | $66,596 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | Yes (1) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | THE FOUNDATION | IndividualWithBooksNm |
| Phone | 4106020195 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 405 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| TRACI LERNER CO RSF LLC | ||||||||
| 405 YORK ROAD | TOWSON | MD | 21204 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| MARK LERNER CO RSF LLC | ||||||||
| 405 YORK ROAD | TOWSON | MD | 21204 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,473,866 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $995,728 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $10,704,333 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $21,173,927 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $21,173,927 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $317,609 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $20,856,318 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,042,816 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,042,816 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $81,923 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $81,923 | TotalTaxAmt |
| Distributable Before Adj | $960,893 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $960,893 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $960,893 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,041,236 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,041,236 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,041,236 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $960,893 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,764,638 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $954,834 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $940,488 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $506,754 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $4,166,714 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,041,236 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $960,893 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $80,343 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,247,057 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,764,638 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,482,419 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $954,834 | ExcessFromYear4Amt |
| Excess From Year3 | $940,488 | ExcessFromYear3Amt |
| Excess From Year2 | $506,754 | ExcessFromYear2Amt |
| Excess From Current Year | $80,343 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | TRACI LERNER CO RSF LLC | ContributingManagerNm |
| Contributing Manager | MARK LERNER CO RSF LLC | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (41 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ADAS YOSHURON SYNAGOGUE | ||||||
| PO BOX 1250 | ROCKLAND | ME | 04841 | PC | GENERAL NEED | $1,800 |
| AHAVAS YISRAEL CHARITY FUND | ||||||
| 115 SUDBROOK LANE SUITE E | BALTIMORE | MD | 21208 | PC | GENERAL NEED | $1,000 |
| AN END TO IGNORANCE INC | ||||||
| 300 W 24TH STREET | BALTIMORE | MD | 21211 | PC | GENERAL NEED | $80,000 |
| ART WITH A HEART | ||||||
| 3000 FALLS ROAD MILL NO1 | BALTIMORE | MD | 21211 | PC | GENERAL NEED | $30,000 |
| BETH EL CONGREGATION | ||||||
| 8101 PARK HEIGHTS AVENUE | BALTIMORE | MD | 21208 | PC | GENERAL NEED | $60,536 |
| BETHANY BEACH VOLUNTEER FIRE COMPANY | ||||||
| PO BOX 950 | BETHANY BEACH | DE | 19930 | PC | GENERAL NEED | $100 |
| CAMDEN PUBLIC LIBRARY | ||||||
| 55 MAIN STREET | CAMDEN | ME | 04843 | PC | GENERAL NEED | $2,500 |
| CENTER FOR MAINE CONTEMPORARY ART | ||||||
| 21 WINTER STREET | ROCKLAND | ME | 048413420 | PC | GENERAL NEED | $2,500 |
| COLLEGEBOUND FOUNDATION INC | ||||||
| 300 WATER STREET SUITE 300 | BALTIMORE | MD | 21202 | PC | GENERAL NEED | $5,000 |
| EAST BALTIMORE COMMUNITY SCHOOL | ||||||
| 2100 ASHLAND AVENUE | BALTIMORE | MD | 21205 | PC | GENERAL NEED | $10,000 |
| EDWARD A MYERBERG SENIOR CENTER | ||||||
| 3101 FALLSTAFF ROAD | BALTIMORE | MD | 21209 | PC | GENERAL NEED | $500 |
| FARNSWORTH ART MUSEUM | ||||||
| 16 MUSEUM STREET | ROCKLAND | ME | 04841 | PC | GENERAL NEED | $10,000 |
| FIRST MOUNT CALVARY BAPTIST CHURCH | ||||||
| 1142 NORTH FULTON AVENUE | BALTIMORE | MD | 21217 | PC | GENERAL NEED | $5,000 |
| FUSION PARTNERSHIPS INC | ||||||
| 1601 GUILFORD AVENUE 2 SOUTH | BALTIMORE | MD | 21202 | PC | GENERAL NEED | $5,000 |
| GRACECITY CHURCH INC | ||||||
| 3701 BANK STREET SUITE C | BALTIMORE | MD | 21224 | PC | GENERAL NEED | $10,000 |
| HAROLD GRINSPOON FOUNDATION | ||||||
| 67 HUNT STREET | AGAWAM | MA | 01001 | SO I | GENERAL NEED | $1,800 |
| ITINERIS INC | ||||||
| 2050A ROCKROSE AVENUE | BALTIMORE | MD | 21211 | PC | GENERAL NEED | $30,000 |
| JOHNS HOPKINS HOSPITAL | ||||||
| 600 NORTH WOLFE STREET | BALTIMORE | MD | 21287 | PC | GENERAL NEED | $180 |
| JOHNS HOPKINS UNIVERSITY | ||||||
| 750 EAST PRATT STREET SUITE 1700 | BALTIMORE | MD | 21201 | PC | GENERAL NEED | $11,566 |
| JOIN FOR JUSTICE | ||||||
| PO BOX 51248 | BOSTON | MA | 02205 | PC | GENERAL NEED | $40,000 |
| KEY BISCAYNE COMMUNITY FOUNDATION INC | ||||||
| 88 WEST MCINTYRE STREET SUITE 200 | KEY BISCAYNE | FL | 33149 | PC | GENERAL NEED | $180 |
| LIFEBRIDGE HEALTH | ||||||
| 2401 WEST BELVEDERE AVENUE | BALTIMORE | MD | 21215 | PC | GENERAL NEED | $25,000 |
| MEGUNTICOOK WATERSHED ASSOCIATION | ||||||
| PO BOX 443 | CAMDEN | ME | 04843 | PC | GENERAL NEED | $1,000 |
| MT WASHINGTON PEDIATRIC HOSPITAL | ||||||
| 1708 WEST ROGERS AVENUE | BALTIMORE | MD | 21209 | PC | GENERAL NEED | $10,000 |
| NATIONAL AQUARIUM IN BALTIMORE | ||||||
| 501 EAST PRATT STREET | BALTIMORE | MD | 21202 | PC | GENERAL NEED | $5,000 |
| NEW YORK UNIVERSITY | ||||||
| 25 WEST FOURTH STREET | NEW YORK | NY | 10012 | PC | GENERAL NEED | $1,800 |
| OSBORNE ASSOCIATION INC | ||||||
| 809 WESTCHESTER AVENUE | BRONX | NY | 10455 | PC | GENERAL NEED | $25,000 |
| PARTNERS FOR ENRICHMENT | ||||||
| 721 CAMDEN ROAD | HOPE | ME | 048473005 | PC | GENERAL NEED | $250 |
| PEN BAY WALDO HEALTHCARE FOUNDATION | ||||||
| PO BOX 287 | BELFAST | ME | 049150287 | PC | GENERAL NEED | $20,000 |
| HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE | ||||||
| 215 SOUTH 39TH STREET | PHILADELPHIA | PA | 19104 | PC | GENERAL NEED | $1,000 |
| PIKESVILLE VOLUNTEER FIRE COMPANY | ||||||
| 40 EAST SUDBROOK LANE | PIKESVILLE | MD | 212084013 | PC | GENERAL NEED | $100 |
| PORT DISCOVERY CHILDREN'S MUSEUM | ||||||
| 35 MARKET PLACE | BALTIMORE | MD | 21202 | PC | GENERAL NEED | $47,924 |
| REBUILD METRO INC | ||||||
| 1129 NORTH CAROLINE STREET | BALTIMORE | MD | 21213 | PC | GENERAL NEED | $20,000 |
| SHALOM TIKVAH INC | ||||||
| 8218 PUMPKIN HILL COURT | BALTIMORE | MD | 21208 | PC | GENERAL NEED | $10,000 |
| SLINGSHOT FUND INC | ||||||
| 25 BROADWAY 9TH FLOOR | NEW YORK | NY | 10004 | PC | GENERAL NEED | $18,000 |
| TEACH FOR AMERICA INC | ||||||
| 25 BROADWAY 12TH FLOOR | NEW YORK | NY | 10004 | PC | GENERAL NEED | $160,000 |
| THE ASSOCIATED | ||||||
| 101 W MOUNT ROYAL AVENUE | BALTIMORE | MD | 21201 | PC | GENERAL NEED | $250,000 |
| THE MARYLAND ZOO IN BALTIMORE | ||||||
| 1876 MANSION HOUSE DRIVE | BALTIMORE | MD | 21217 | PC | GENERAL NEED | $10,000 |
| THE SAMARITAN COMMUNITY | ||||||
| 1407 BOLTON STREET | BALTIMORE | MD | 21217 | PC | GENERAL NEED | $2,500 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | ||||||
| 3451 WALNUT STREET ROOM 310 | PHILADELPHIA | PA | 19104 | PC | GENERAL NEED | $100,000 |
| UMBC FOUNDATION | ||||||
| 1000 HILLTOP CIRCLE | BALTIMORE | MD | 21250 | PC | GENERAL NEED | $26,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,041,236 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,354 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $186,368 | ExclusionAmt |
| Related Or Exempt Function Incm | $335,997 | RelatedOrExemptFunctionIncmAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,038,709 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Related Or Exempt Function Incm | $30,000 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,226,440 | ExclusionAmt |
| Related Or Exempt Function Incm | $365,997 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,592,437 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 4 | NONDIVIDEND DISTRIBUTIONS |
| 11A | 2018 FEDERAL TAX REFUND |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| CHESAPEAKE PARTNERS MANAGEMENT COMPANY INC | |||||||
| 1 | 2800 QUARRY LAKE DRIVE SUITE 300 | BALTIMORE | MD | 21209 | $618,975 | Yes (X) | Yes (X) |
| CHESAPEAKE PARTNERS MANAGEMENT COMPANY INC | |||||||
| 2 | 2800 QUARRY LAKE DRIVE SUITE 300 | BALTIMORE | MD | 21209 | $1,252,553 | Yes (X) | Yes (X) |
| CHESAPEAKE PARTNERS MANAGEMENT COMPANY INC | |||||||
| 3 | 2800 QUARRY LAKE DRIVE SUITE 300 | BALTIMORE | MD | 21209 | $3,146,640 | Yes (X) | Yes (X) |
| CHESAPEAKE PARTNERS MANAGEMENT COMPANY INC | |||||||
| 4 | 2800 QUARRY LAKE DRIVE SUITE 300 | BALTIMORE | MD | 21209 | $3,514,480 | Yes (X) | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 5,000 SHARES OF PELOTON INTERACTIVE INC. COMMON STOCK (PTON) | $618,975 | 2020-12-15 |
| 2 | 8,768 SHARES OF PELOTON INTERACTIVE INC. COMMON STOCK (PTON) | $1,252,553 | 2021-01-06 |
| 3 | 21,000 SHARES OF PELOTON INTERACTIVE INC. COMMON STOCK (PTON) | $3,146,640 | 2021-01-07 |
| 4 | 197,000 SHARES OF TILRAY INC. COMMON STOCK (TLRY) | $3,514,480 | 2021-06-30 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $12,597 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CHARLES SCHWAB - EQUITIES | StockNm |
| EOY Book Value | $8,643,851 | EOYBookValueAmt |
| EOYFMV | $8,643,851 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| HIGHFIELDS CAPITAL LTD | FMV | $1,467 | $1,467 |
| N2 PARTNERS | FMV | $1,376,451 | $1,376,451 |
| RIVERPARK VENTURES III, LP | FMV | $2,260,861 | $2,260,861 |
| BOXGROUP FOUR, LP | FMV | $1,555,866 | $1,555,866 |
| BOXGROUP MORE, LP | FMV | $1,494,787 | $1,494,787 |
| CRP EXEMPT INVESTORS, LLC | FMV | $39,003 | $39,003 |
| GOTHAM GREEN FUND II, LP | FMV | $5,714,665 | $5,714,665 |
| BOXGROUP FIVE, LP | FMV | $112,630 | $112,630 |
| BOXGROUP STRIVE LP | FMV | $292,816 | $292,816 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $1,340 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS | Desc |
| Amt | $3,844,987 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BOXGROUP FOUR, LP | $26,126 | $26,126 | $0 |
| BOXGROUP MORE, LP | $21,019 | $21,019 | $0 |
| RIVERPARK VENTURES III, LP | $61,458 | $61,458 | $0 |
| GOTHAM GREEN FUND II (Q), LP | $167,181 | $167,141 | $0 |
| N2 PARTNERS LP | $56,850 | $56,850 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| N2 PARTNERS LP | $9 | $9 | $9 |
| OTHER INCOME | $30,000 | $30,000 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHARLES SCHWAB | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $10,000 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $7,960 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAX PAID | $87 | $87 | $0 |
| FEDERAL EXCISE TAXES PAID | $8,000 | $0 | $0 |