BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
Tax period: 2020-09-01 to 2021-08-31
Filed: 2022-07-15
IRS object ID: 202221969349301612
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
Schedule A
Schedule B
Schedule D
Schedule F
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-07-15T10:40:27-05:00	ReturnTs
Tax Period End	2021-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	80 CITY SQUARE	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02129	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	131606002	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BELGIAN AMERICAN EDUCATIONAL FOUNDATION	BusinessNameLine1Txt
Business Name Line2	INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	BELG	BusinessNameControlTxt
Phone	2037775765	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	195 CHURCH STREET	AddressLine1Txt
City	NEW HAVEN	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06510	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR EMILE L BOULPAEP	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2037775765	PhoneNum
Signature	2022-07-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DR	PersonFirstNm
Person Last	EMILE L BOULPAEP	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KAREN LO	PreparerPersonNm
PTIN	P01434915	PTIN
Phone	6179129000	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	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 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DR EMILE L BOULPAEP	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	96 POND MEADOW ROAD	AddressLine1Txt
City	KILLINGWORTH	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06419	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$62,120,467	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.BAEF.BE	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1920	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM.	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,221,621	PYContributionsGrantsAmt
CY Contributions Grants	$3,523,411	CYContributionsGrantsAmt
PY Program Service Revenue	$123,593	PYProgramServiceRevenueAmt
CY Program Service Revenue	$187,591	CYProgramServiceRevenueAmt
PY Investment Income	$10,183,932	PYInvestmentIncomeAmt
CY Investment Income	$14,971,275	CYInvestmentIncomeAmt
PY Other Revenue	$69,941	PYOtherRevenueAmt
CY Other Revenue	$548	CYOtherRevenueAmt
PY Total Revenue	$12,599,087	PYTotalRevenueAmt
CY Total Revenue	$18,682,825	CYTotalRevenueAmt
PY Grants And Similar Paid	$3,955,651	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,543,612	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$143,780	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$164,969	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$79,659	CYTotalFundraisingExpenseAmt
PY Other Expenses	$674,468	PYOtherExpensesAmt
CY Other Expenses	$779,885	CYOtherExpensesAmt
PY Total Expenses	$4,773,899	PYTotalExpensesAmt
CY Total Expenses	$4,488,466	CYTotalExpensesAmt
PY Revenues Less Expenses	$7,825,188	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$14,194,359	CYRevenuesLessExpensesAmt
Total Assets BOY	$148,416,078	TotalAssetsBOYAmt
Total Assets EOY	$187,360,313	TotalAssetsEOYAmt
Total Liabilities BOY	$595,646	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,239,000	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$147,820,432	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$186,121,313	NetAssetsOrFundBalancesEOYAmt
Mission	THE BELGIAN AMERICAN EDUCATIONAL FOUNDATION, INC. (BAEF) IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,122,379	ExpenseAmt
Grant	$3,019,686	GrantAmt
Revenue	$187,591	RevenueAmt
Desc	GRADUATE FELLOWSHIP PROGRAM - FOR FISCAL YEAR ENDED AUGUST 31, 2021, BAEF AWARDED A TOTAL OF 73 PAID FELLOWSHIPS CONSISTING OF $2,357,430 IN STIPENDS AND $662,256 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S. AND BELGIUM.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$523,926	ExpenseAmt
Grant	$523,926	GrantAmt
Desc	INSTITUTIONAL GRANTS, PRIZES, AND AWARDS - FOR FISCAL YEAR ENDED AUGUST 31, 2021, BAEF PROVIDED INSTITUTIONAL GRANTS TO TWO UNIVERSITIES LOCATED IN BELGIUM IN THE AMOUNT OF $250,000 EACH (UNIVERSIT LIBRE DE BRUXELLES & UNIVERSITEIT ANTWERPEN). IN ADDITION, ALUMNI AWARDS WERE PROVIDED TO PROF. MICHIEL DUSSELIER AND PROF. MICHIEL MEEUSEN OF COMMUNICATIONS IN THE AMOUNT OF $12,084 AND $11,842, RESPECTIVELY.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$3,646,305	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	4	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	BE	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	DR EMILE L BOULPAEP	PersonNm
Phone	2037775765	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	195 CHURCH STREET	AddressLine1Txt
City	NEW HAVEN	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06510	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
DR MARYAN AINSWORTH
DIRECTOR	0.30	Yes (X)	$0	$0	$0
COMTE DIEGO DU MONCEAU DE BERGE
DIRECTOR	0.30	Yes (X)	$0	$0	$0
MRS SUSAN FRIBERG
DIRECTOR	0.30	Yes (X)	$0	$0	$0
MR FILIP MOERMAN
DIRECTOR	0.30	Yes (X)	$0	$0	$0
BARON DANIEL JANSSEN
DIRECTOR	0.30	Yes (X)	$0	$0	$0
DIRK WAUTERS
DIRECTOR	0.30	Yes (X)	$0	$0	$0
PROFESSOR JACQUES WILLEMS
DIRECTOR	0.30	Yes (X)	$0	$0	$0
WILLIAM F MOODY
DIRECTOR	0.30	Yes (X)	$0	$0	$0
MARGARET HOOVER
DIRECTOR	0.30	Yes (X)	$0	$0	$0
BARON FRANS VAN DAELE
DIRECTOR	0.30	Yes (X)	$0	$0	$0
ALEXIA BERTRAND
DIRECTOR	0.30	Yes (X)	$0	$0	$0
CHEVALIER EMILE L BOULPAEP
CHAIRMAN, PRESIDENT. & DIRECTOR	20.00	Yes (X)	$0	$0	$0	Yes (X)
L GILLES SION ESQ
SECRETARY, DIRECTOR	2.00	Yes (X)	$0	$0	$0	Yes (X)
PROF DR MARCEL CROCHET
VICE PRESIDENT, DIRECTOR	2.00	Yes (X)	$0	$0	$0	Yes (X)
MR OLIVER TROUVEROY
DIRECTOR, TREASURER	2.00	Yes (X)	$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GRIFFIN ASSET MANAGEMENT	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	230 PARK AVENUE 4TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10169	ZIPCd

Field	Value	IRS element (for citing)
Services	INVESTMENT ADVISORY SERVICES	ServicesDesc
Compensation	$492,197	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$21,785	GovernmentGrantsAmt
All Other Contributions	$3,501,626	AllOtherContributionsAmt
Total Contributions	$3,523,411	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	FELLOWSHIP REPAYMENTS	Desc
Business	900099	BusinessCd
Total Revenue Column	$187,591	TotalRevenueColumnAmt
Related Or Exempt Func Income	$187,591	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$187,591	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,109,023	TotalRevenueColumnAmt
Exclusion	$3,109,023	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$55,299,894	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$43,437,642	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$11,862,252	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,862,252	TotalRevenueColumnAmt
Exclusion	$11,862,252	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Business	900099	BusinessCd
Total Revenue Column	$548	TotalRevenueColumnAmt
Exclusion	$548	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$548	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$18,682,825	TotalRevenueColumnAmt
Related Or Exempt Func Income	$187,591	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$14,971,823	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$2,726,186	TotalAmt
Program Services	$2,726,186	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$817,426	TotalAmt
Program Services	$817,426	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$148,278	TotalAmt
Program Services	$51,897	ProgramServicesAmt
Management And General	$48,932	ManagementAndGeneralAmt
Fundraising	$47,449	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$16,691	TotalAmt
Program Services	$5,842	ProgramServicesAmt
Management And General	$5,508	ManagementAndGeneralAmt
Fundraising	$5,341	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$168,863	TotalAmt
Management And General	$168,863	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$492,197	TotalAmt
Management And General	$492,197	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$10,098	TotalAmt
Program Services	$3,534	ProgramServicesAmt
Management And General	$3,332	ManagementAndGeneralAmt
Fundraising	$3,232	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$34,008	TotalAmt
Program Services	$11,903	ProgramServicesAmt
Management And General	$11,223	ManagementAndGeneralAmt
Fundraising	$10,882	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$18,540	TotalAmt
Program Services	$6,489	ProgramServicesAmt
Management And General	$6,118	ManagementAndGeneralAmt
Fundraising	$5,933	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,051	TotalAmt
Program Services	$718	ProgramServicesAmt
Management And General	$677	ManagementAndGeneralAmt
Fundraising	$656	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$10,155	TotalAmt
Program Services	$10,155	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$6,979	TotalAmt
Program Services	$2,443	ProgramServicesAmt
Management And General	$2,303	ManagementAndGeneralAmt
Fundraising	$2,233	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt
BAEF CENTENNIAL PLANNIN	$15,156	$15,156
GRADUATE FELLOWSHIP EXP	$9,573		$9,573
SPECIAL EVENTS	$7,612	$3,806		$3,806
FILLING FEES	$2,363	$2,363

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,290	TotalAmt
Program Services	$139	ProgramServicesAmt
Management And General	$2,024	ManagementAndGeneralAmt
Fundraising	$127	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,488,466	TotalAmt
Program Services	$3,646,305	ProgramServicesAmt
Management And General	$762,502	ManagementAndGeneralAmt
Fundraising	$79,659	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$583,439	BOYAmt
EOY	$621,651	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
EOY	$217,749	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$150,000	BOYAmt
EOY	$192,615	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
EOY	$3,200	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$37,000	BOYAmt
EOY	$115,894	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$111,387	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$58,988	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$59,455	BOYAmt
EOY	$52,399	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$146,696,672	BOYAmt
EOY	$185,374,470	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$70,285	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$819,227	BOYAmt
EOY	$782,335	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$148,416,078	BOYAmt
EOY	$187,360,313	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$595,646	BOYAmt
EOY	$1,239,000	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$595,646	BOYAmt
EOY	$1,239,000	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$146,353,941	BOYAmt
EOY	$184,413,568	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,466,491	BOYAmt
EOY	$1,707,745	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$147,820,432	BOYAmt
EOY	$186,121,313	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$148,416,078	BOYAmt
EOY	$187,360,313	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$14,194,359	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$24,115,248	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$8,726	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,742,605	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,525,531	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,469,527	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,221,621	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,523,411	CurrentTaxYearAmt
Total	$13,482,695	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,742,605	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,525,531	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,469,527	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,221,621	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,523,411	CurrentTaxYearAmt
Total	$13,482,695	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$1,224,822	SubstantialContributorsTotAmt
Public Support Total170	$12,257,873	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,784,121	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,225,732	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,476,599	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,408,533	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,109,023	CurrentTaxYearAmt
Total	$16,004,008	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$238,639	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$278,311	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$182,409	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$182,409	CurrentTaxYearMinus1YearAmt
Current Tax Year	$548	CurrentTaxYearAmt
Total	$882,316	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$30,369,019	TotalSupportAmt
Gross Receipts Rltd Activities	$187,591	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.40360	PublicSupportCY170Pct
Public Support PY170	0.37750	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Assets Included	$250,000	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Coll Used Loan Or Exch Prog	Yes (X)	CollUsedLoanOrExchProgInd
Solicited Assets Sale	0	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$14,408,048	BeginningYearBalanceAmt
Contributions	$1,037,500	ContributionsAmt
Investment Earnings Or Losses	$3,795,217	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$373,765	GrantsOrScholarshipsAmt
End Year Balance	$18,867,000	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$13,576,313	BeginningYearBalanceAmt
Contributions	$111,810	ContributionsAmt
Investment Earnings Or Losses	$1,062,985	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$343,060	GrantsOrScholarshipsAmt
End Year Balance	$14,408,048	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$13,820,658	BeginningYearBalanceAmt
Contributions	$43,500	ContributionsAmt
Investment Earnings Or Losses	$101,185	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$367,930	GrantsOrScholarshipsAmt
Other Expenditures	$21,100	OtherExpendituresAmt
End Year Balance	$13,576,313	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$12,233,428	BeginningYearBalanceAmt
Contributions	$320,615	ContributionsAmt
Investment Earnings Or Losses	$1,581,785	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$315,170	GrantsOrScholarshipsAmt
End Year Balance	$13,820,658	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,362,733	BeginningYearBalanceAmt
Contributions	$59,990	ContributionsAmt
Investment Earnings Or Losses	$1,182,855	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$372,150	GrantsOrScholarshipsAmt
End Year Balance	$12,233,428	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	1.00000	BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$37,545	OtherCostOrOtherBasisAmt
Book Value	$37,545	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$47,551	OtherCostOrOtherBasisAmt
Depreciation	$45,841	DepreciationAmt
Book Value	$1,710	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$26,291	OtherCostOrOtherBasisAmt
Depreciation	$13,147	DepreciationAmt
Book Value	$13,144	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$52,399	TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt	$42,297,150	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$24,115,248	NetUnrealizedGainsInvstAmt
Other Revenue	-$8,726	OtherRevenueAmt
Revenue Not Reported	$24,106,522	RevenueNotReportedAmt
Revenue Subtotal	$18,190,628	RevenueSubtotalAmt
Investment Expenses Not Incld	$492,197	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$492,197	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$18,682,825	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,996,269	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$3,996,269	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$492,197	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$492,197	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$4,488,466	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART V, LINE 4:	THE ORGANIZATION'S INTENDED USE OF ENDOWMENT FUNDS IS TO COVER THE FELLOWSHIPS FUNDS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	FOREIGN CURRENCY TRANSLATION ADJUSTMENT -8,726.
PART III, LINE 1A AND 4:	ARTWORK - MAGRITTE PAINTING IS ON PERMANENT LOAN TO THE MAGRITTE MUSEUM IN BRUSSELS AND FARM LAND IN RAMILLIES, BELGIUM.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND)	1	1	PROGRAM SERVICES	ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS	$116,490
EUROPE (INCLUDING ICELAND & GREENLAND)			GRANTMAKING		$817,426

Field	Value	IRS element (for citing)
Subtotal Offices	1	SubtotalOfficesCnt
Subtotal Employees	1	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	1	TotalOfficeCnt
Total Employee	1	TotalEmployeeCnt
Subtotal Spent	$933,916	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$933,916	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
EUROPE (INCLUDING ICELAND & GREENLAND)	INSTITUTIONAL GRANTS	$250,000	WIRE TRANSFER (USD)
EUROPE (INCLUDING ICELAND & GREENLAND)	INSTITUTIONAL GRANTS	$250,000	WIRE TRANSFER (USD)

Field	Value	IRS element (for citing)
Total Other Org	2	TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt
FELLOWSHIPS	EUROPE (INCLUDING ICELAND & GREENLAND)	11	$293,500	CHECKS (USD)	$0
ALUMNI AWARDS	EUROPE (INCLUDING ICELAND & GREENLAND)	2	$23,926	ELECTRONIC TRANSFER (EUR)	$0

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	0	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	BAEF MAINTAINS A BRANCH OFFICE IN BRUSSELS, BELGIUM AND THE OFFICE IS STAFFED WITH ONE PAID EMPLOYEE (THE ORGANIZATION'S PROGRAM MANAGER). FULL ACCOUNTING FOR THIS BRANCH OFFICE IS MAINTAINED AND INCLUDED IN THIS RETURN AT THE MONTHLY AVERAGE CONVERSION RATE FOR EURO TO USD. AS PART OF THE GRANT FUNDING REQUEST, A BUDGET FOR THE NEXT FISCAL YEAR AND ACCOUNTING OF ANNUAL TRANSACTIONS ARE SUBMITTED TO THE BELGIAN GOVERNMENT.
PART I, LINE 3:	MONTHLY REPORTS OF TRANSACTIONS ARE SUBMITTED TO U.S. OFFICE IN NEW HAVEN, CT, INCLUDING COPIES OF BANK STATEMENTS, PAYMENT VOUCHERS AND VENDOR INVOICES. TRANSACTIONS ARE CONVERTED TO USD USING MONTHLY AVERAGE CONVERSION RATE FROM EUR TO USD.
PART III, COL (C):	THERE WERE 11 BAEF U.S. FELLOWS WHO TRAVELED TO BELGIUM TO DO ONE YEAR OF STUDY OR RESEARCH. EACH FELLOW REPORTED THEIR ARRIVAL IN BELGIUM TO THE BAEF PROGRAM MANAGER LOCATED IN BRUSSELS. UPON COMPLETION OF THE FELLOWSHIP PROGRAM, EACH FELLOW PROVIDED A DETAILED REPORT TO BAEF OF THEIR RESEARCH AND STUDIES WHILE IN BELGIUM. IN ADDITION, THERE WERE 2 ALUMNI AWARDS PROVIDED TO 2 PROFESSORS IN BELGIUM.
PART III ACCOUNTING METHOD:

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	FELLOWSHIPS	GrantTypeTxt
Recipient	62	RecipientCnt
Cash Grant	$2,726,186	CashGrantAmt
Non Cash Assistance	$0	NonCashAssistanceAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2:

ALL BAEF FELLOWS ARRIVING IN THE U.S. RECEIVE THEIR VISA DOCUMENTATION FROM THEIR HOST INSTITUTIONS. UPON THEIR ARRIVAL IN THE U.S., ALL FELLOWS MUST SUBMIT A NOTICE OF ARRIVAL TO THE BAEF OFFICE IN NEW HAVEN, CT. AFTER THE NOTICE OF ARRIVAL FORM HAS BEEN RECEIVED, STIPEND CHECKS ARE ISSUED TO THE BAEF FELLOW PERIODICALLY DURING THE COURSE OF THEIR YEAR OF STUDY OR RESEARCH. IN ADDITION, FOR THOSE FELLOWS ENROLLED IN DEGREE PROGRAMS IN THE U.S., TUITION PAYMENTS ARE MADE TO THEIR HOST INSTITUTIONS.

PART III:

FOR THE FISCAL YEAR ENDED AUGUST 31, 2021, THERE WERE A TOTAL OF 62 BELGIAN FELLOWS, EITHER PURSUING MASTERS OR PHD DEGREES AT U.S. UNIVERSITIES OR POSTDOCTORAL RESEARCHERS WORKING IN U.S. EDUCATIONAL INSTITUTIONS AND UNIVERSITIES. UPON COMPLETION OF THEIR BAEF SPONSORED STAY IN THE U.S., ALL FELLOWS SUBMIT A REPORT DESCRIBING THEIR FELLOWSHIP EXPERIENCE IN THE U.S.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	AT BAEF'S ANNUAL MEETING, A SLATE OF NAMES ARE PRESENTED TO THE MEMBERS FOR POSITIONS ON THE BOARD OF DIRECTORS FOR A TERM OF 3 YEARS. THIS SLATE IS THEN VOTED ON AND APPROVED BY THE MEMBERS. AT THE FIRST BOARD MEETING OF THE CALENDER YEAR, THE BOARD ELECTS OFFICERS AND MEMBERS OF THE STANDING COMMITTES OF THE FOUNDATION.
FORM 990, PART VI, SECTION A, LINE 7A	REPORTS OF ALL ACTIVITIES OF ORGANIZATION'S COMMITTEES ARE DISCLOSED AND APPROVED AT THE ANNUAL MEETING OF MEMBERS IN JANUARY.
FORM 990, PART VI, SECTION A, LINE 7B	DECISIONS OF THE GOVERNING BODY, BAEF BOARD OF DIRECTORS, ARE DISCLOSED OF AND APPROVED AT THE ANNUAL MEETING OF THE MEMBERS IN JANUARY.
FORM 990, PART VI, SECTION B, LINE 11B	PRIOR TO FILING, THE 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND CHAIRMAN, AS WELL AS BY THE EXECUTIVE DIRECTOR IN BRUSSELS.
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD OF DIRECTORS MEET FOUR TIMES ANNUALLY, WHERE ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED. NO ISSUES OF CONFLICT OF INTEREST AROSE DURING THE PAST YEAR.
FORM 990, PART VI, SECTION B, LINE 15	ANNUAL FISCAL OPERATING BUDGET FOR PERIOD SEPTEMBER-AUGUST IS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR OCTOBER MEETING FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19	BAEF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, PUBLIC DISCLOSURE COPY OF THE FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND IRS WEBSITE.
FORM 990, PART XI, LINE 9:	FOREIGN CURRENCY TRANSLATION ADJUSTMENT -8,726.