2014-08-29T12:54:03-05:00 2013-12-31 HECHT AND COMPANY PC 350 5TH AVENUE - 68TH FL NEW YORK NY 101180110 990PF 2013-01-01 136098464 THE SCHERMAN FOUNDATION INC % THE SCHERMAN FOUNDATION INC SCHE 2128323086 16 EAST 52ND STREET Suite 601 NEW YORK NY 10022 MITCHELL PRATT PRESIDENT 2128323086 2014-04-29 true STEVEN STERN 2128198000 2013 2015-12-30 17:16:21Z X 121038255 X 0 X 170 229 946160 1606232 2223262 5145086 3838824 14294 -24073 3183886 5421212 237951 11898 226053 250941 12547 238394 77783 3889 73894 3500 3500 57901 28951 0 28950 360972 353620 7352 99481 1457 27674 7224 361 96618 4831 91787 16794 840 15954 127240 6093 121115 1336405 424487 0 834673 4239425 4239425 5575830 424487 0 5074098 -2391944 4996725 118246 117331 117331 603315 2322823 2322823 44936795 38053478 43563783 50627966 53317769 74912362 155288 127452 22782 27836 27836 12664 94120 94120 96321768 93933357 121038255 1622 5155 1622 5155 X 96320146 93928202 96320146 93928202 96321768 93933357 96320146 -2391944 93928202 93928202 SEE PART IV SCHEDULE P 410634 368447 42187 42187 SEE PART IV SCHEDULE P 4734452 937815 3796637 3796637 3838824 false 3196835 100942364 0.03167 3157842 98227963 0.032148 3133402 91511355 0.034241 2418970 61023113 0.03964 4686955 73002982 0.064202 0.201901 0.04038 115792536 4675703 49967 4725670 5074098 X 49967 49967 49967 53547 40000 93547 X 43580 43580 false false false 0 0 0 false false true true false true true NY true false false false false true SCHERMAN.ORG THE SCHERMAN FOUNDATION INC 2128323086 16 EAST 52ND STREET NEW YORK NY 10022 true BD CJ UC EI UK false false false true false false false false false false false false false false false false false false false false GORDON N LITWIN C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 KAREN R SOLLINS C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 CHAIRPERSON 2.0 0 0 0 MARCIA THOMPSON C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 JOHN J O'NEIL C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 SUSANNA BERGTOLD C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 SECRETARY 2.0 0 0 0 MITCHELL PRATT C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 PRESIDENT & TREASURER 40.0 237951 36077 0 HILLARY BROWN C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 JOHN WROCLAWSKI C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 DAVID R JONES C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 MIRIAM BUHL C/O THE SCHERMAN FOUNDATION INC NEW YORK NY 10022 DIRECTOR 2.0 0 0 0 ALEXA M AVILES C/O SCHERMAN FOUNDATION NEW YORK NY 10022 PROGRAM OFFICER 40.0 118266 17627 0 NANCY T HANDLER C/O SCHERMAN FOUNDATION NEW YORK NY 10022 ADMINISTRATOR 40.0 76405 11470 0 0 HECHT AND COMPANY PC 350 FIFTH AVENUE 68TH FL NEW YORK NY 10118 ACCOUNTING SERVICES 57901 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02210 INVESTMENT COUNSEL 133992 WELLINGTON TRUST COMPANY NA 280 CONGRESS STREET BOSTON MA 02210 INVESTMENT COUNSEL 63842 FIRST STATE INVESTMENTS GLOBAL EMERG FD C/O NORTHERN TRUST 50 S LASALLE ST CHICAGO IL 60675 INVESTMENT COUNSEL 60576 0 NO DIRECT CHARITABLE ACTIVITIES NONE 115301082 2212859 41933 117555874 0 117555874 1763338 115792536 5789627 5789627 49967 49967 5739660 5739660 5739660 5074098 0 0 0 0 5074098 49967 5024131 5739660 0 2011 2010 2009 0 260887 2418970 3133402 3157842 3196835 12167936 5074098 0 0 5074098 0 5739660 5739660 11502374 0 0 0 0 11502374 0 73599 3157842 3196835 5074098 KAREN R SOLLINS MITCHELL PRATT C/O SCHERMAN FDN 16 EAST 52ND ST NEW YORK NY 10022 2128323086 ATTACHMENT 18 ATTACHMENT 18 ATTACHMENT 18 SEE ATTACHMENT 19 VARIOUS NEW YORK NY 10022 NONE PUBLIC CHARITIES UNRESTRICTED CHARITABLE PURPOSES 4239425 4239425 14 170 14 946160 18 2223262 OTHER INCOME 14 14294 3183886 3183886 false false false false false false false false false false MAINTENANCE OF INVESTMENT RECORDS 28951 28951 PREPARATION OF AUDITED FINANCIAL STATEMENTS, FORM 990PF AND STATE ATTORNEY GENERAL REPORTS 28950 0 28950 NONE OFFICE EQUIPMENT 1993-09-21 2612 2612 M5 OFFICE FURNITURE 1994-07-01 8037 8037 M7 OFFICE EQUIPMENT 1995-01-11 11681 11681 M5 OFFICE EQUIPMENT 1996-02-22 3719 3718 M5 FURNITURE 1996-03-26 2313 2313 M7 OFFICE EQUPMENT 1997-09-10 5504 5504 M5 OFFICE FURNITURE 1997-02-01 578 578 M7 COMPUTER EQUIPMENT 1998-06-30 18963 18963 M5 FURNITURE 1998-11-13 1560 1560 M7 FURNITURE 1999-02-05 1949 1949 M7 COMPUTER EQUIPMENT 1999-07-01 1641 1641 M5 FURNITURE 2000-07-01 2281 2281 M7 COMPUTER EQUIPMENT 2000-07-01 3248 3248 M5 EQUIPMENT 2001-06-01 7089 7089 M5 SOFTWARE 2002-06-01 12678 12678 M3 3 COMPUTER EQUIPMENT 2003-06-01 2038 2038 M5 COMPUTER EQUIPMENT 2004-06-30 6663 6663 M5 EQUIPMENT 2005-07-16 4616 4616 M5 COMPUTER EQUIPMENT 2007-07-15 3770 3770 M5 EQUIPMENT 2008-12-31 6168 6168 SL 5 COMPUTER 2009-07-13 1593 1593 SL 5 COMPUTERS 2010-04-30 4264 2275 SL 5 853 OFFICE FURNITURE 2011-02-25 2324 852 SL 5 465 OFFICE FURNITURE 2011-03-03 8603 3155 SL 5 1721 FIXTURES 2011-08-01 4860 1377 SL 5 972 OFFICE FURNITURE 2011-08-02 2211 626 SL 5 442 FIXTURES 2011-05-15 7952 2451 SL 5 1590 PRINTER 2011-11-14 398 90 SL 5 80 COMPUTER 2011-05-11 1746 538 SL 5 349 COMPUTER EQUIPMENT 2012-07-10 1635 164 SL 5 327 COMPUTER 2013-03-04 1299 SL 5 217 COMPUTER EQUIPMENT 2013-05-06 327 SL 5 44 REFRIGERATOR 2013-06-04 499 SL 5 58 FURNITURE 2013-08-26 140 SL 5 9 COMPUTERS 2013-11-26 4797 SL 5 80 FIXTURES 2013-11-05 533 SL 5 17 LEASEHOLD IMPROVE. 2013-12-31 5000 SL 27 THE SCHERMAN FOUNDATION, INC. HEREBY ELECTS TO TREAT $5,074,098 OF QUALIFYING DISTRIBUTIONS OF THE FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2013 AS BEING MADE OUT OF CORPUS IN ACCORDANCE WITH INTERNAL REVENUE REGULATION 53.4942(A) - 3(D) (2). MUTUAL FUNDS: OAKMARK SELECT FUND 3529611 4376680 BRIDGEWAY BLUE CHIP 35 INDEX 4350161 6180136 VANGUARD DEVELOPED MARKETS 2671038 3201711 IVA WORLDWIDE FUND CLASS 4998598 6231224 MANNING & NAPIER OVERSEAS FD 5650146 6111683 VANGUARD INTEREMEDIATE BOND 4954134 4549676 PIMCO TOTAL RETURN INSTITUT. 4259019 4035711 DSM LARGE CAP GROWTH FUND 4602125 5975702 VANGUARD EMERGING MARKETS FD 512386 481199 PIMCO UNCONSTRAINED BOND FD 2526260 2420061 ANCHORAGE CAPITAL PARTNERS 2000000 2727874 OFFSHORE, LTD. AT COST AXIOM GLOBAL EQUITY FUND AT COST 4062685 6332976 DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP AT COST 2700000 4993164 ELLIOTT INTERNATIONAL LIMITED AT COST 3000000 3899636 FIRST STATE INVESTMENTS GLOBAL EMERGING MARKETS LEADERS FD AT COST 3526002 5583492 MASON CAPITAL LTD AT COST 2000000 2626663 SSGA S&P 500 INDEX CTF AT COST 7172478 10819168 WELLINGTON DIVERSIFIED INFLATION HEDGES PORTFOLIO AT COST 5710805 7011609 PERMIT CAPITAL MORTGAGE FUND L.P. - SERIES K AT COST 206582 1922769 SOMERSET EMERGING MARKETS SMALL CAP FUND LLC AT COST 1000000 1070543 SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC AT COST 1100000 1305321 THE HIGHCLERE INTERNATIONAL INVESTORS SMID FUND AT COST 2417589 3447118 PERMIT CAPITAL MORTGAGE FUND L.P. - SERIES M AT COST 493700 478633 POST LIMITED TERM HIGH YIELD AT COST OFFSHORE FUND LTD AT COST 3500000 3957055 STANDARD LIFE INVESTMENTS GLOBAL ABSOLUTE RETURN AT COST 3300000 3509577 EATON VANCE INSTITUTIONAL SENIOR LOAN TRUST AT COST 2628637 2645262 AETHER REAL ASSETS II, LP AT COST 473984 520018 LL OPPORTUNISTIC MORTGAGE FUND, LP - 2014 AT COST 100000 99224 BARLOW PARTNERS OFFSHORE LTD AT COST 3500000 4994463 GENERATION IM GLOBAL EQUITY FD AT COST 4187886 6740975 MERCED PARTNERS IV, LP AT COST 237421 226822 OFFICE EQUIPMENT 2612 2612 OFFICE FURNITURE 8037 8037 OFFICE EQUIPMENT 11681 11681 OFFICE EQUIPMENT 3719 3718 1 FURNITURE 2313 2313 OFFICE EQUPMENT 5504 5504 OFFICE FURNITURE 578 578 COMPUTER EQUIPMENT 18963 18963 FURNITURE 1560 1560 FURNITURE 1949 1949 COMPUTER EQUIPMENT 1641 1641 FURNITURE 2281 2281 COMPUTER EQUIPMENT 3248 3248 EQUIPMENT 7089 7089 SOFTWARE 12678 12678 COMPUTER EQUIPMENT 2038 2038 COMPUTER EQUIPMENT 6663 6663 EQUIPMENT 4616 4616 COMPUTER EQUIPMENT 3770 3770 EQUIPMENT 6168 6168 COMPUTER 1593 1593 COMPUTERS 4264 3128 1136 OFFICE FURNITURE 2324 1317 1007 OFFICE FURNITURE 8603 4876 3727 FIXTURES 4860 2349 2511 OFFICE FURNITURE 2211 1068 1143 FIXTURES 7952 4041 3911 PRINTER 398 170 228 COMPUTER 1746 887 859 COMPUTER EQUIPMENT 1635 491 1144 COMPUTER 1299 217 1082 COMPUTER EQUIPMENT 327 44 283 REFRIGERATOR 499 58 441 FURNITURE 140 9 131 COMPUTERS 4797 80 4717 FIXTURES 533 17 516 LEASEHOLD IMPROVE. 5000 5000 SECURITY DEPOSITS 12664 12664 12664 DUE FROM BROKER 0 67224 67224 PAYROLL TAXES WITHHELD 0 14132 14132 403B PENSION PLAN 0 100 100 STATIONERY, SUPPLIES & POSTAGE 2793 140 2653 COMPUTER/WEBSITE EXPENSE 7702 385 7317 TELEPHONE 4352 218 4134 EMPLOYEE BENEFITS 92676 4634 88042 DUES AND PUBLICATIONS 3732 0 3732 MAINTENANCE & REPAIRS 2185 109 2076 SUNDRY 12133 607 11526 NYS FILING FEE 1500 0 1500 PUBLIC INSPECTION AD 135 0 135 PENALTIES 32 0 0 EATON VANCE INSTITUTIONAL SENIOR LOAN TR 597 597 INCOME (LOSS) FROM CTF/PARTNERSHIPS: SSGA S&P 500 INDEX SL QP CTF -491 DAVIDSON KEMPNER INSTITUTIONAL PTNRS -85009 WELLINGTON TRUST COMPANY -41036 FIRST STATE INVESTMENTS GLOBAL EMERGING MARKETS LEADERS FUND -24493 AXIOM GLOBAL EQUITY FUND 85169 SOMERSET EMERGING MARKETS SMALL CAP FUND LLC -21331 THE HIGHCLERE INT'L INVESTORS SMID FD 12890 PERMIT CAPITAL MORTGAGE FD-SERIES K -9128 SOMERSET SMALL MID CAP EM ALL COUNTRY -10467 AETHER REAL ASSETS II, LP 61039 PERMIT CAPITAL MORTGAGE FD-SERIES M -4760 LL OPPORTUNISTIC MORTGAGE FD, LP-2014 -750 OTHER INCOME 13697 13697 CAFETERIA PLAN FUNDS WITHHELD 3036 FICA TAXES WITHHELD 2119 INVESTMENT ADVISORY FEES 219101 219101 0 INVESTMENT RELATED EXPENSES 134132 134132 0 CONSULTANTS 7739 387 7352 FEDERAL EXCISE TAX 70000 0 0 FEDERAL INCOME TAX 16 0 0 NYS CORPORATE TAX 335 0 0 PAYROLL TAXES 29130 1457 27674