2022-11-09T12:33:03-06:00 2021-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990PF 2021-01-01 954664939 THE BROAD ART FOUNDATION BROA 3109545026 300 SOUTH GRAND AVENUE 1800 LOS ANGELES CA 90071 JULIE BAKER TRUSTEE 3109545026 2022-11-09 1 JULIE BAKER 999009999 JENNIFER BECKER HARRIS P00183358 4254544919 2022-11-01 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X 1837504589 X 132608445 3702 3735 3702 971583 1447076 2423225 293017 0 49500 20640 73588795 731 134079863 74857130 53933 150000 0 0 150000 85476 0 0 85476 21885 0 0 35733 11001 0 0 22810 72958 36479 0 30979 312469 84421 4433 237512 1045004 0 0 150 2079 0 0 1994 9088 0 0 7015 589062 195077 0 582184 2299022 315977 4433 1153853 2441871 12087500 4740893 315977 4433 13241353 129338970 74541153 49500 60141 36456 36456 19126491 108342880 108342880 28000000 28000000 28000000 94546 110132 110132 1937703 1857309 1857309 37512061 38509787 38509787 545993476 551010488 1660648025 604724418 727867052 1837504589 64347 58965 31003452 21440324 109767 155997 31177566 21655286 X 573546852 706211766 573546852 706211766 604724418 727867052 573546852 129338970 3325944 706211766 0 706211766 ALTERNATIVE INVESTMENTS (LONG TERM) P 2020-01-01 2021-12-31 337511 337511 337511 ARTWORK P 2020-01-01 2021-12-31 49500 9730 39770 39770 PASS THROUGH INVESTMENTS P 2020-01-01 2021-12-31 2036214 2154097 -117883 -117883 PASS THRU INVESTMENTS DISTRIB IN EXCESS OF BASIS P 2020-01-01 2021-12-31 33619 33619 33619 293017 0 1036122 0 1036122 0 1036122 1089420 0 0 0 1089420 X 0 53298 53298 0 0 0 0 0 0 0 0 0 0 0 1 1 CA 1 1 0 0 0 1 N/A JULIE BAKER 3109545026 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 ELI BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE (PART YEAR) 2.00 0 0 0 EDYTHE BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 JOANNE HEYLER 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 MNG DIR/CHF CUR 16.00 150000 6525 0 PAUL FRIMMER 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 BRUCE E KARATZ 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 GERUN RILEY 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 JULIE BAKER 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 NONE 0 FAMILY OFFICE FINANCIAL SERVICES 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 ACCTG, TAX, TECHNOLOGY & HR 237512 FAMILY OFFICE INVESTMENT SERVICES LLC 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 INVESTMENT MGT 58583 0 ART ACQUISITION FOR LOAN PROGRAM 5229000 ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) 1153853 0 1820526 50722548 38681146 91224220 0 0 91224220 1368363 89855857 4492793 X 13241353 0 5229000 18470353 1998-04-30 X 49500 463320 1142545 471792 2127157 42075 393822 971163 401023 1808083 18470353 17277216 39676596 60618573 136042738 12087500 12167500 12535908 13848500 50639408 6382853 5109716 27140688 46770073 85403330 0 0 2995195 2245221 2664087 2942754 10847257 0 0 0 0 ELI BROAD EDYTHE BROAD X ACADEMY MUSEUM FOUNDATION 6067 WILSHIRE BLVD LOS ANGELES CA 90036 PC GENERAL SUPPORT 5000 MUSEUM OF CONTEMPORARY ART LOS ANGELES 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 PC DONATION OF ARTWORK, BOOK VALUE OF $100,000 IS BASED ON THE FAIR MARKET VALUE AT THE DATE OF DONATION TO THE FOUNDATION. 80000 THE BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 POF OPERATING SUPPORT 12000000 WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE 75TH STREET NEW YORK NY 10021 PC GENERAL SUPPORT 2500 12087500 0 14 3702 14 731 18 1447076 STATE INCOME TAX REFUND 01 19909 0 1471418 0 1471418 0 0 0 0 0 0 0 0 0 0 X X 1 ELI BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 76608445 X 2 THE ELI AND EDYTHE BROAD FOUNDATION 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 56000000 X ACCOUNTING FEES 72958 36479 0 30979 THE BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 2021-12-31 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 06/23/22 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2020-11-24 10000 GENERAL SUPPORT 10000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 04/22/21 THE BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 2020-12-31 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 08/15/21 SUMMARY OF DIRECT CHARITABLE ACTIVITIES FORM 990-PF, PART IX-A THE BROAD ART FOUNDATION IS A PRIVATE OPERATING FOUNDATION CREATED IN 1984 (ON JULY 1, 1999, BASED ON AN IRS RULING RECEIVED 4/30/98, ALL THE ASSETS OF THE ELI BROAD FAMILY FOUNDATION WERE TRANSFERRED TO A NEWLY FORMED TRUST, THE BROAD ART FOUNDATION). THE PURPOSE OF THE FOUNDATION IS TO BUILD A COLLECTION OF CONTEMPORARY ART FOR LOAN TO MUSEUMS AND UNIVERSITY AND COLLEGE ART GALLERIES. NOW IN ITS THIRTY-SEVENTH YEAR OF ACTIVITY, THE FOUNDATION IS AN EDUCATIONAL AND LENDING RESOURCE PROMOTING KNOWLEDGE AND APPRECIATION OF THE BEST OF CONTEMPORARY ART AND FACILITATING THE EXHIBITION PROGRAMMING OF EXISTING ART INSTITUTIONS.THE COLLECTIONTHROUGH THE SELECTIVE ACQUISITION OF KEY WORKS OF CONTEMPORARY ART, THE FOUNDATION CONTINUES ITS ONGOING COMMITMENT TO THE GROWTH OF ITS COLLECTION. TARGETING LATE 20TH AND EARLY 21ST CENTURY ARTISTIC DEVELOPMENTS, THE FOUNDATION STRIVES TO COLLECT WORKS OF UNPARALLELED IMPORTANCE IN THE RECENT HISTORY OF AMERICAN ART. DURING 2021, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING SHIRIN NESHAT, MARK GROTJAHN AND MICKALENE THOMAS. THE NUMBER OF WORKS IN THE COLLECTION TOTALS 1,483. PUBLIC ACCESSIBILITYTHE FOUNDATION MOVED FROM ITS ORIGINAL OFFICE AND EXHIBITION SPACE, WHICH IT HAD OCCUPIED SINCE 1988, INTO ITS NEW HEADQUARTERS AT THE BROAD MUSEUM IN DOWNTOWN LOS ANGELES ON MAY 15, 2015. IN ITS ORIGINAL SPACE, THE FOUNDATION HAD LIMITED ABILITY TO MAKE ITS ARTWORKS AVAILABLE FOR VIEW EITHER TO THE PUBLIC OR TO ART PROFESSIONALS. THE SPACE WAS NOT LARGE ENOUGH TO HOLD ALL THE WORKS IN THE COLLECTION, SO MOST WERE STORED IN CRATES OFF SITE. THIS MEANT THAT MUSEUM PERSONNEL WISHING TO BORROW OR SCHOLARS WISHING TO STUDY WORKS OF ART EITHER HAD TO WORK FROM PHOTOGRAPHS OR THAT FOUNDATION STAFF HAD TO GO TO A STORAGE FACILITY, UNCRATE THE ARTWORK AND BRING THE ART PROFESSIONAL TO SEE IT, SOMETHING THAT WAS INEFFICIENT AND NOT OPTIMAL FOR THE PRESERVATION OF THE ART. FURTHER, THE ORIGINAL BUILDING WAS A PRIVATE FACILITY OPEN ONLY BY APPOINTMENT. WITH ITS MOVE TO THE BROAD, THE FOUNDATION IMMEDIATELY AND SIGNIFICANTLY INCREASED THE ACCESSIBILITY OF THE COLLECTION. THE GALLERIES OF THE BROAD MUSEUM DISPLAY A LARGE NUMBER OF LOANS FROM THE BROAD ART FOUNDATION, ALLOWING BOTH THE PUBLIC AND ART PROFESSIONALS TO SEE THE WORKS FIRSTHAND, IN SITU. IN ADDITION, THE BROAD WAS DELIBERATELY DESIGNED WITH STATE-OF-THE-ART, ON-SITE STORAGE FACILITIES THAT ALLOW CONSOLIDATION OF THE COLLECTION UNDER ONE ROOF AND PERMIT ART PROFESSIONALS EASILY AND EFFICIENTLY TO VIEW THE ORIGINAL WORKS. THE GREATLY ENHANCED ACCESSIBILITY SERVES TO ENCOURAGE THE STUDY AND LENDING OF WORKS FROM THE BROAD ART FOUNDATION COLLECTION TO OTHER PUBLIC INSTITUTIONS. LOAN ACTIVITYTHE CENTERPIECE OF THE FOUNDATION'S ACTIVITIES IS ITS LENDING PROGRAM. IN 2021, IN ADDITION TO THE BROAD, 11 PUBLIC VENUES AVAILED THEMSELVES OF 16 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: MODERN ART MUSEUM OF FORT WORTH, PHILADELPHIA MUSEUM OF ART, THE J. PAUL GETTY MUSEUM, AND WHITNEY MUSEUM OF AMERICAN ART. FORM 990PF, PART VII-B, LINE 1A(3) STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIREDPART VII-B, LINE 1A(3)THERE ARE DISQUALIFIED PERSONS WHO FURNISH THE FOUNDATION WITH IN-KIND SERVICES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C). STREETTRACKS GOLD TRUST 1857309 1857309 INTERNATIONAL FIXED INCOME FMV 23291486 23291486 HEDGE FUNDS FMV 12698 12698 DISTRESSED - PRIVATE EQUITY FMV 11469529 11469529 REAL ESTATE AND HARD ASSETS FMV 1255672 1255672 VENTURE CAPITAL FMV 76467 76467 SECONDARIES FMV 2403935 2403935 LEGAL FEES 11001 0 0 22810 CURRENT ASSETS - ART 5200000 5200000 5200000 FINE ARTS COLLECTION AND ART LIBRARY 540752288 545810488 1655448025 UBIT TAXES RECEIVABLE 41188 0 0 ART STORAGE 354475 0 0 354475 PAYROLL SERVICE 1001 0 0 1001 SHIPPING 22030 0 0 20082 INSURANCE 210260 0 0 205891 BANK FEES 546 546 0 0 PASS THROUGH OTHER INVESTMENT EXPENSES 0 194531 0 0 MISCELLANEOUS 750 0 0 735 PASS THROUGH OTHER INV INC. 0 21816 0 ROYALTIES 731 731 731 ANNUITY CONTRIBUTION 0 73566248 0 STATE INCOME TAX REFUND 19909 0 0 UNREALIZED GAIN/LOSS 3325944 DEFERRED TAX LIABILITY 109767 155997 INVESTMENT MANAGEMENT FEES 65123 84421 4433 0 SERVICE FEES 247346 0 0 237512 FOREIGN TAXES 0 0 0 0 EXCISE TAXES 998624 0 0 0 FILING FEES 150 0 0 150 DEFERRED TAXES 46230 0 0 0