KLARMAN FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- KLARMAN FAMILY FOUNDATION (EIN 04-3105768)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201923189349104002
- Schema version
- 2018v3.1
- 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 Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- 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) |
|---|---|---|
| Return | 2019-11-14T15:37:14-08:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760269860 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043105768 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Klarman Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KLAR | BusinessNameControlTxt |
| Phone | 6172367909 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 171627 | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02117 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Beth S Klarman | PersonNm |
| Person Title | Pres./Trustee | PersonTitleTxt |
| Signature | 2019-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kurt Coburn | PreparerPersonNm |
| PTIN | P01638285 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $759,881,298 | 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 | $75,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,227,324 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,227,324 | InterestOnSavNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $17,888,727 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,017,490 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $18,675,891 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $12,491,808 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $11,997,057 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $106,607,859 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $31,900,272 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $403,898 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $3,510 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $400,388 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,535,619 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $21,714 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,513,905 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $471,233 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $7,082 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $464,151 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $322,406 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $105,449 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $216,957 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $111,755 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $24,918 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $81,837 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $239,710 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $239,710 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,654 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $166,845 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $568,246 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $568,246 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $231,810 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $231,810 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $10,847,728 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $10,174,463 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $325,024 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $14,902,904 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,337,136 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,042,028 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $60,160,185 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $60,160,185 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $75,063,089 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,337,136 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $64,202,213 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $31,544,770 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $21,563,136 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $3,643,451 | CashBOYAmt |
| Cash EOY | $6,702,197 | CashEOYAmt |
| Cash EOYFMV | $6,702,197 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $109,103,375 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $90,981,286 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $90,981,286 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $3,477 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $7,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $7,000 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $10,000,000 | CorporateStockBOYAmt |
| Corporate Stock EOY | $14,686,979 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $16,780,397 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $517,326,963 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $559,305,580 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $642,565,210 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,453,171 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $635,029 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $870,402 | LandBOYAmt |
| Land EOY | $818,142 | LandEOYAmt |
| Land EOYFMV | $818,142 | LandEOYFMVAmt |
| Other Assets BOY | $2,026,905 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,027,066 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,027,066 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $642,974,573 | TotalAssetsBOYAmt |
| Total Assets EOY | $674,528,250 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $759,881,298 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $12,707 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $28,774 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $12,707 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $28,774 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $642,961,866 | RetainedEarningBOYAmt |
| Retained Earning EOY | $674,499,476 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $642,961,866 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $674,499,476 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $642,974,573 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $674,528,250 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $642,961,866 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $31,544,770 | ExcessRevenueOverExpensesAmt |
| Subtotal | $674,506,636 | SubtotalAmt |
| Other Decreases | $7,160 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $674,499,476 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly traded securities | $337,424 | $341,599 | -$4,175 | -$4,175 |
| Distributions in excess of basis | $1,568,520 | $1,568,520 | $1,568,520 | |
| Passthrough K-1 capital gain | $17,111,546 | $17,111,546 | $17,111,546 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $18,675,891 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $50,226,432 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $742,469,408 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.06765 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $44,786,479 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $643,438,736 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.06961 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $42,730,059 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $606,713,928 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.07043 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $38,338,274 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $526,133,594 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.07287 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $57,843,771 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $438,568,794 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.13189 | DistributionYr5Rt |
| Total Distribution | 0.412442 | TotalDistributionRt |
| Average Distribution | 0.082488 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $735,175,813 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $60,643,182 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $215,631 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $60,858,813 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $64,316,798 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $215,631 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $215,631 | SubtotalAmt |
| Tax Based On Investment Income | $215,631 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $204,954 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $187,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $391,954 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $176,323 | OverpaymentAmt |
| Applied To ES Tax | $176,323 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.klarmanfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Beth Klarman | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6172367909 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 171627 | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Seth A Klarman | |||||||
| PO Box 171627 | Boston | MA | 02117 | Trustee | 5.00 | $0 | |
| Beth S Klarman | |||||||
| PO Box 171627 | Boston | MA | 02117 | Pres/Trustee | 30.00 | $0 | |
| Kim McCabe | |||||||
| PO Box 171627 | Boston | MA | 02117 | Exec. Dir. | 40.00 | $359,333 | $44,565 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Karen Gill | |||||||
| PO Box 171627 | Boston | MA | 02117 | Dir Ops & Admin | 32.00 | $208,000 | $48,483 |
| Laura Sherman | |||||||
| PO Box 171627 | Boston | MA | 02117 | Dir MA Grants | 40.00 | $203,000 | $50,105 |
| Jonathan Horowitz | |||||||
| PO Box 171627 | Boston | MA | 02117 | Sr Prog Ofcr | 40.00 | $173,000 | $28,472 |
| Lara Bethke | |||||||
| PO Box 171627 | Boston | MA | 02117 | Dir Med/Sci | 24.00 | $141,200 | $17,864 |
| Erin Peterson | |||||||
| PO Box 171627 | Boston | MA | 02117 | Sr Grants Mgr | 40.00 | $117,000 | $29,683 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Ropes & Gray | |||||
| 800 Boylston Street | Boston | MA | 021993600 | Legal | $295,166 |
| CFAR | |||||
| 1700 Market Street Suite 2140 | Philadelphia | PA | 19103 | Organizational Strgy | $59,337 |
| RSM US LLP | |||||
| 80 City Square | Boston | MA | 02129 | Accounting | $81,797 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,437,845 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $82,863,533 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $661,070,006 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $746,371,384 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $746,371,384 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $11,195,571 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $735,175,813 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $36,758,791 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $36,758,791 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $215,631 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $3,592 | IncomeTaxAmt |
| Total Tax | $219,223 | TotalTaxAmt |
| Distributable Before Adj | $36,539,568 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $708 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $36,540,276 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $36,540,276 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $64,202,213 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $114,585 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $64,316,798 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $215,631 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $64,101,167 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $36,540,276 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $36,577,104 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $12,411,363 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $12,672,685 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $12,825,930 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $13,184,280 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $87,671,362 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $64,316,798 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $36,540,276 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $27,776,522 | RemainingDistriFromCorpusAmt |
| Total Corpus | $115,447,884 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $36,577,104 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $78,870,780 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $12,411,363 | ExcessFromYear4Amt |
| Excess From Year3 | $12,672,685 | ExcessFromYear3Amt |
| Excess From Year2 | $12,825,930 | ExcessFromYear2Amt |
| Excess From Year1 | $13,184,280 | ExcessFromYear1Amt |
| Excess From Current Year | $27,776,522 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Seth A Klarman | ContributingManagerNm |
| Contributing Manager | Beth S Klarman | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient PhoneRecipientPhoneNum | Recipient Email AddressRecipientEmailAddressTxt | Form And Info And MaterialsFormAndInfoAndMaterialsTxt | Submission DeadlinesSubmissionDeadlinesTxt | Restrictions On AwardsRestrictionsOnAwardsTxt |
|---|---|---|---|---|---|---|---|---|
| Laura Sherman | ||||||||
| PO Box 171627 | Boston | MA | 02117 | 6172367909 | instrumentfund@klarmanfoundation.org | The majority of the Klarman Family Foundations grant making is done on an invitation-only basis. The two exceptions are the Foundations Instrument Fund and its Grant program in Eating Disorders Research. More detailed information about applying to these programs can be found on the foundations website: www.klarmanfoundation.org. | See www.klarmanfoundation.org | See www.klarmanfoundation.org |
| Lara Bethke | ||||||||
| PO Box 171627 | Boston | MA | 02117 | 6172367909 | medicalresearch@klarmanfoundation.org | The majority of the Klarman Family Foundations grant making is done on an invitation-only basis. The two exceptions are the Foundations Instrument Fund and its Grant program in Eating Disorders Research. More detailed information about applying to these programs can be found on the foundations website: www.klarmanfoundation.org. | See www.klarmanfoundation.org | See www.klarmanfoundation.org |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attachment to Pt XV Ln 3a | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | State and zip for e-filing | AddressLine1Txt |
| City | purposes | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | See attachment to Part XV, Ln 3a | GrantOrContributionPurposeTxt |
| Amt | $60,160,185 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $60,160,185 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attachment to Pt XV Ln 3b | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | State and zip for e-filing | AddressLine1Txt |
| City | purposes | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | See attachment to Part XV, Ln 3b | GrantOrContributionPurposeTxt |
| Amt | $38,051,875 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $38,051,875 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Interest income from PRI | Desc |
| Related Or Exempt Function Incm | $19,975 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,227,324 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | -$787,164 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $18,675,891 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| Passthrough K-1 income | 525990 | $136,468 | 14 | $12,239,216 |
| Returned grant | 1 | $708 | ||
| Section 965 inclusion | 525990 | $58 | 1 | $59,834 |
| Tax refund | 1 | $35,549 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$650,638 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $32,238,522 | ExclusionAmt |
| Related Or Exempt Function Incm | $19,975 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $31,607,859 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1a | LineNumberTxt |
| Relationship Statement | Home Funders was created to address the unprecedented crisis in affordable housing for very low income families in Massachusetts, based on the belief that without adequate housing, all other social investments are at risk. The fund provides low-cost financing to low-income housing projects. Loans are used to help finance new construction, foreclosed properties that are redeveloped to include units for extremely low income families as well as for the preservation of "expiring use" rental units. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Seth A Klarman | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 171627 | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $75,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping and fiscal mgmt | $64,350 | $0 | $0 | $64,350 |
| Investment accounting | $17,448 | $17,448 | $0 | $0 |
| Payroll services | $5,017 | $0 | $0 | $5,017 |
| Tax compliance | $24,940 | $7,470 | $0 | $12,470 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| Equipment | 2014-01-01 | $166,844 | $69,970 | SL | 3.0000 | $34,270 |
| Furniture | 2014-01-01 | $456,234 | $269,775 | SL | 5.0000 | $54,743 |
| Leasehold improvements | 2010-01-01 | $777,294 | $128,440 | SL | 10.0000 | $77,832 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 222,448 shares Boston Omaha Corporation | $4,686,979 | $5,205,283 |
| Foghorn Therapeutics Inc | $5,000,000 | $5,000,000 |
| Gwynnie Bee Inc Series A-4 | $118,985 | $349,856 |
| Gwynnie Bee Inc Series A-5 | $195,415 | $493,472 |
| Gwynnie Bee Inc Series A-8 | $4,685,600 | $5,731,786 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | See attachment | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $559,305,580 | BookValueAmt |
| EOYFMV | $642,565,210 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $456,233 | $324,517 | $131,716 | $131,716 |
| Machinery and Equipment | $219,644 | $104,240 | $115,404 | $115,404 |
| Improvements | $777,294 | $206,272 | $571,022 | $571,022 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (6 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Administrative matters & other | $46,756 | $0 | $0 | $46,756 |
| Grants management | $87,254 | $0 | $0 | $87,254 |
| Investments | $105,449 | $105,449 | $0 | $0 |
| Program-related investment matters | $13,286 | $0 | $0 | $13,286 |
| Tax matters | $69,475 | $0 | $0 | $69,475 |
| Trademark matters | $186 | $0 | $0 | $186 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PRI - Home Funders LLC | $29,362 | $29,523 | $29,523 |
| PRI - Home Funders Loan | $1,997,543 | $1,997,543 | $1,997,543 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Prior year accounts payable adjustment | Desc |
| Amt | $7,160 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Dues, memberships & subscriptions | $183,812 | $183,812 | |
| Insurance | $16,668 | $16,668 | |
| Office supplies | $63,131 | $63,131 | |
| Passthrough K-1 expenses | $10,522,704 | $10,174,463 | |
| Repairs and maintenance | $13,882 | $13,882 | |
| State filing fees | $1,000 | $1,000 | |
| Technology expense | $46,531 | $46,531 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Interest income from PRI | $19,975 | $19,975 |
| Passthrough K-1 income | $12,375,684 | $11,917,282 |
| Returned grant | $708 | |
| Section 965 inclusion | $59,892 | $59,800 |
| Tax refund | $35,549 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (9 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Grant management system consulting | $30,018 | $0 | $0 | $30,018 |
| Grant program support | $34,000 | $0 | $0 | $34,000 |
| Human resources and benefit consulting | $25,386 | $0 | $0 | $25,386 |
| Information technology services | $32,963 | $0 | $0 | $32,963 |
| Organizational strategy consulting | $59,337 | $0 | $0 | $59,337 |
| Program consulting and evaluation | $11,113 | $0 | $0 | $11,113 |
| Program planning and facilitation | $24,790 | $0 | $0 | $24,790 |
| Scientific advisors | $20,503 | $0 | $0 | $20,503 |
| Translation services | $1,600 | $0 | $0 | $1,600 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | New York Corporation Tax | CategoryTxt |
| Amt | $3,654 | Amt |