THOMAS L KEMPNER JR FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: THOMAS L KEMPNER JR FOUNDATION INC (EIN 13-3407819)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-11-09
IRS object ID: 201603149349101505
Schema version: 2015v2.1
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
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-11-09T15:52:10-06:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	221478099	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	COHNREZNICK LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1212 Avenue of the Americas	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	133407819	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THOMAS L KEMPNER JR FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	THOM	BusinessNameControlTxt
Phone	2124464000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	520 madison ave 30th fl	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	THOMAS L KEMPNER	PersonNm
Person Title	President	PersonTitleTxt
Phone	2124464000	PhoneNum
Signature	2016-11-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	STEVE KREINIK	PreparerPersonNm
PTIN	P00839914	PTIN
Phone	2122970400	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$99,376,154	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$24,259,471	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$248,172	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$248,172	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$3,976,377	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$5,785,768	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$3,801,449	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$904,926	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$932,735	OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm	$0	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$29,388,946	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,982,356	TotalNetInvstIncmAmt
Total Adj Net Incm	$0	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$0	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$39,000	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$14,550	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$19,500	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$60,000	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$0	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$78,182	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$76,682	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$0	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$1,500	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$177,182	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$91,232	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$21,000	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$4,284,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,284,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,461,182	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$91,232	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$4,305,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$24,927,764	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,891,124	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$299,359	CashEOYAmt
Cash EOYFMV	$299,359	CashEOYFMVAmt
Corporate Stock BOY	$5,030,596	CorporateStockBOYAmt
Corporate Stock EOY	$5,020,062	CorporateStockEOYAmt
Corporate Stock EOYFMV	$4,741,098	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$51,274	CorporateBondsBOYAmt
Corporate Bonds EOY	$51,274	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$0	CorporateBondsEOYFMVAmt
Other Investments BOY	$66,187,979	OtherInvestmentsBOYAmt
Other Investments EOY	$88,281,346	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$91,335,697	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$3,281,601	OtherAssetsBOYAmt
Other Assets EOY	$1,899,786	OtherAssetsEOYAmt
Other Assets EOYFMV	$3,000,000	OtherAssetsEOYFMVAmt
Total Assets BOY	$74,551,450	TotalAssetsBOYAmt
Total Assets EOY	$95,551,827	TotalAssetsEOYAmt
Total Assets EOYFMV	$99,376,154	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$64,037	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$40,886	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$64,037	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$40,886	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$74,487,413	RetainedEarningBOYAmt
Retained Earning EOY	$95,510,941	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$74,487,413	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$95,510,941	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$74,551,450	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$95,551,827	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$74,487,413	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$24,927,764	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$99,415,177	SubtotalAmt
Other Decreases	$3,904,236	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$95,510,941	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly Traded Securities - Brave Warrior	P	2015-01-01	2015-12-31	$207,581	$199,896	$7,685	$7,685
Publicly Traded Securities - Brave Warrior	P	2014-01-01	2015-12-31	$1,217,030	$698,491	$518,539	$518,539
Publicly Traded Securities - JP Morgan	P	2014-01-01	2015-12-31	$1,287,215	$884,977	$402,238	$402,238
publicly Traded Securities - jP Morgan	P	2015-01-01	2015-12-31	$111,846	$26,027	$85,819	$85,819
stcg(l) - Through K-1's	P	2015-01-01	2015-12-31	$1,207,986		$1,207,986	$1,207,986
Ltcg(l) - Through K-1's	P	2014-01-01	2015-12-31	$1,188,671		$1,188,671	$1,188,671
Section 1231 - Through K-1's	P	2014-01-01	2015-12-31	$380,415		$380,415	$380,415
Section 1256 - Through K-1's	P	2014-01-01	2015-12-31	$10,096		$10,096	$10,096
Gain/Loss On 990T	P	2014-01-01	2015-12-31	$174,928	$174,928	$0	$0

Field	Value	IRS element (for citing)
Capital Gain Net Income	$3,801,449	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$3,919,867	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$68,627,967	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.057118	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$2,733,588	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$53,933,236	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.050685	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$1,977,548	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$46,826,583	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.042231	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$1,862,109	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$40,582,654	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.045884	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$1,275,324	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$34,387,200	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.037087	DistributionYr5Rt
Total Distribution	0.233005	TotalDistributionRt
Average Distribution	0.046601	AverageDistributionRt
Net Vl Noncharitable Assets	$78,286,265	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$3,648,218	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$48,911	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$3,697,129	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$4,305,000	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	$48,911	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$48,911	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$48,911	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$33,250	EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax	$25,000	AppliedToEsTaxAmt
Total Payments And Credits	$58,250	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$241	EsPenaltyAmt
Overpayment	$9,098	OverpaymentAmt
Applied To ES Tax	$9,098	AppliedToESTaxAmt
Refund	$0	RefundAmt

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	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	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	WWW.GUIDESTAR.ORG	WebsiteAddressTxt
Individual With Books	THOMAS KEMPNER JR	IndividualWithBooksNm
Phone	2124464000	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	520 madison ave 30th fl	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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
THOMAS KEMPNER JR
520 madison ave 30th fl	NEW YORK	NY	10022	PRESIDENT	2.00	$0	$0	$0
KATHERYN C PATTERSON
520 madison ave 30th fl	NEW YORK	NY	10022	SECRETARY	0.50	$0	$0	$0
TREVOR KEMPNER
520 madison ave 30th fl	nEW YORK	NY	10022	director	0.50	$0	$0	$0
THOMAS N KEMPNER
520 madison ave 30th fl	nEW YORK	NY	10022	director	0.50	$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	NOT APPLICABLE	Description1Txt
Expenses1	$0	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NOT APPLICABLE	Description1Txt
Expenses1	$0	Expenses1Amt
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$6,008,555	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	-$78,525	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$73,548,412	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$79,478,442	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$79,478,442	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,192,177	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$78,286,265	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,914,313	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,914,313	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$48,911	TaxBasedOnInvestmentIncomeAmt
Income Tax	$32,801	IncomeTaxAmt
Total Tax	$81,712	TotalTaxAmt
Distributable Before Adj	$3,832,601	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,832,601	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,832,601	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,305,000	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$4,305,000	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$48,911	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$4,256,089	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,832,601	DistributableAsAdjustedAmt
Undistributed Income PY	$1,190,077	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$4,305,000	QualifyingDistributionsAmt
Applied To Year1	$1,190,077	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$3,114,923	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$717,678	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	THOMAS KEMPNER JR	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
central park conservancy
14 E 60th St	new york	NY	10022	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$500,000
columbia university
630 West 168th Street	new york	NY	10032	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$950,000
university settlement society
184 eldridge street	new york	NY	10002	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$20,000
build in business to learn
2385 bay road	redwood city	CA	94063	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$230,000
HARVARD BUSINESS SCHOOL
SOLDIERS FIELD	BOSTON	MA	02163	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$500,000
PHE - NY CHAPTER
1460 BROADWAY SUITE 5-24	NEW YOrk	NY	10036	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$255,000
PHE - PLEDGE
1460 BROADWAY SUITE 5-24	NEW York	NY	10036	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$200,000
Roundabout Theatre
231 west 39th street	new york	NY	10018	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$375,000
STANFORD UNIVERSITY
295 Galvez Street	stanford	CA	94305	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$250,000
WILDLIFE CONSERVATION
602 Surf Avenue	new york	NY	11224	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$65,000
YALE UNIVERSITY
38 Hillhouse Avenue	new haven	CT	06511	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$439,000
harlem village academies
74 west 124th street	new york	NY	10027	none	501(c)(3)	UNRESTRICTED GRANT FOR EXEMPT PURPOSES	$500,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,284,000	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Business	900000	BusinessCd
Exclusion	14	ExclusionCd
Exclusion	$248,172	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Business	523000	BusinessCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Business	900000	BusinessCd
Unrelated Business Taxbl Incm	$174,928	UnrelatedBusinessTaxblIncmAmt
Exclusion	18	ExclusionCd
Exclusion	$3,801,450	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Business	900000	BusinessCd
Unrelated Business Taxbl Incm	-$27,809	UnrelatedBusinessTaxblIncmAmt
Exclusion	14	ExclusionCd
Exclusion	$932,735	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$147,119	UnrelatedBusinessTaxblIncmAmt
Exclusion	$4,982,357	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$5,129,476	TotalIncomeProducingActyAmt

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 (3 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Noncash ContributionNoncashContributionInd
THOMAS L KEMPNER
1	65 EAST 55TH STREET 19TH FLOOR	NEW YORK	NY	10022	$24,085,000	Yes (X)
THOMAS L KEMPNER
2	65 EAST 55TH STREET 19TH FLOOR	NEW YORK	NY	10022	$106,486		Yes (X)
thOMAS L KEMPNER
3	65 EAST 55TH STREET 19TH FLOOR	nEW YORK	NY	10022	$67,985		Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
2	96,000 shs nexteer automotive group	$106,486	2015-06-18
3	574 shs china biologic products	$67,985	2015-12-08

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	professional fees	CategoryTxt
Amt	$39,000	Amt
Net Investment Income	$14,550	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$19,500	DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	VARIOUS BONDS - JPM	BondNm
EOY Book Value	$51,274	EOYBookValueAmt
EOYFMV	$0	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
VARIOUS COMMON STOCK - JPM	$2,958,862	$2,360,301
various stocks - brave warrior	$2,061,200	$2,380,797

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (57 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
ABRAMS CAPITAL PARTNERS II	AT COST	$1,474,231	$1,474,231
american securities partners	AT COST	$733,351	$733,351
American Securities Partners VI	AT COST	$1,485,974	$1,485,974
AMPLIFY PARTNERS	AT COST	$489,163	$1,421,451
AQUILINE DRAGON FUND OFFSHORE	AT COST	$10,943	$11,801
AQUILINE FINANCIAL	AT COST	$385,151	$415,361
AQUILINE REAL ESTATE FUND LP	AT COST	$699,156	$699,156
ARBITER PARTNERS	AT COST	$3,647,055	$3,647,055
ASP FML CO-INVEST I	AT COST	$36,588	$36,588
ASP V Alternate Investments LP	AT COST	$23,376	$23,375
CIP II OHIO HOTELS	AT COST	$0	$0
Crossharbor Institutional Partners II	AT COST	$705,696	$1,001,837
DAvidson Kempner Advisors	AT COST	$0	$0
DK GROUP	AT COST	$6,309,575	$6,309,575
DKIL GP LLC	AT COST	$729,883	$729,883
DKOI GP LLC	AT COST	$8,501,666	$8,501,666
DRAWBRIDGE SPECIAL FUND	AT COST	$55,209	$55,209
fine capital	AT COST	$256,677	$513,313
FOREIGN CORP.-VAR. HEDGE FUNDS	AT COST	$38,052	$221,607
FOREIGN CURRENCY CONTRACTS	AT COST	$108,671	$161,541
Harbor Litigation Trust	AT COST	$464,494	$591,207
Harbor Litigation Trust III	AT COST	$110,505	$64,862
Hawkeye Capital Institutional LP	AT COST	$705,873	$705,873
HEARTLAND PARTNERS LP	AT COST	$72,634	$72,634
Highbrook Income Property Fund	AT COST	$1,069,343	$1,221,758
highbrook Income Property Fund II	AT COST	$491,691	$495,674
Holt Distressed Property Fund (Parallel 1) 2010	AT COST	$528,131	$528,131
Holt Distressed Property Fund 2010	AT COST	$257,574	$257,574
HOLT OPPORTUNITY FUND (PARALLEL 1) 2013	AT COST	$991,722	$991,722
HOLT OPPORTUNITY FUND 2013	AT COST	$207,939	$207,939
JCF III AIV I LP	AT COST	$54,020	$54,020
JCF III AIV II LP	AT COST	$980,722	$980,722
JCF III AIV SRV	AT COST	$76	$0
M H DAVIDSON & CO.	AT COST	$40,870,044	$40,870,044
MHD MANAGEMENT COMPANY	AT COST	$6,811,827	$6,811,827
MKW	AT COST	$354,952	$130,191
mkw ventures Limited	AT COST	$53	$68,933
NAVITAS FUND	AT COST	$815,664	$815,664
NCH AGRIBUSINESS PARTNERS	AT COST	$503,589	$503,589
NEW CENTURY HOLDINGS XI	AT COST	$43,234	$43,234
Pennybacker III	AT COST	$1,013,644	$1,042,726
Pennybacker Real Estate Fund	AT COST	$0	$637,111
perry creek capital fund	AT COST	$112,752	$112,752
Robotti Global Fund	AT COST	$837,933	$837,933
SKYLINE VENTURE FUND III	AT COST	$36,969	$10,434
SKYLINE VENTURE FUND IV	AT COST	$119,281	$113,925
SKYLINE VENTURE PARTNERS V LP	AT COST	$178,643	$227,459
snow lake China Offshore fund	AT COST	$1,500,000	$2,039,153
WHITE DEER ENERGY LP	AT COST	$310,257	$310,257
jc flowers	AT COST	$87,967	$90,268
amplIFY PARTNERS II	AT COST	$198,817	$198,817
clearfield domestic fund	AT COST	$1,935,603	$1,935,603
creador III	AT COST	$0	$1,443
CIP 2014	AT COST	$113,484	$107,752
VAlinor	AT COST	$321,043	$321,043
vortus investments	AT COST	$395,621	$395,621
Vortus NPR Co-investments	AT COST	$94,828	$94,828

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
due from partnerships	-$218,399	-$1,100,214
loan to hva	$3,500,000	$3,000,000	$3,000,000

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
UNREALIZED GAIN/LOSS & BOOK ADJ FROM K-1S	$3,715,466
UNREALIZED APPRECIATION OF CONTRIBUTED SECURITIES	$188,770

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
margin interest	$8,900	$8,900	$0	$0
NY DEPT OF LAW	$1,500	$0	$0	$1,500
investment management fee	$67,782	$67,782	$0	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
UBTI TAXES ON 990T	-$27,809	$0
OTHER INCOME THROUGH K-1'S	$932,735	$932,735
	$0	$0	$0

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (5 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
DK PRESIDIO	$434	$0
SKYLINE VENTURES PARTNERS III	$16,308	$26,949
Cash (overdraft)	$46,140	$0
JC FLOWERS	$1,155	$0
Pennybacker Real Estate Fund	$0	$13,937

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	excise taxes - 2014 extension payment	CategoryTxt
Amt	$60,000	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt