2020-11-12T11:17:35-06:00 2019-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990PF 2019-01-01 954664939 THE BROAD ART FOUNDATION BROA 3109545026 2121 AVENUE OF THE STARS NO 3000 LOS ANGELES CA 90067 JULIE BAKER TRUSTEE 3109545026 2020-11-03 1 JENNIFER BECKER HARRIS P00183358 4254544919 2020-11-03 65.158.230.194 2020-11-03 09:51:35 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9C75230018D5B80955F7F8F52B6C41F090A63707 2019 2021-04-22 16:20:28Z X 1519181133 X 3736168 336767 340796 336767 2274 1439445 2274 -4234905 33743055 18492382 0 908841 1264 713943 1264 -158432 20986566 1249146 150000 0 0 150000 79588 0 0 79588 32681 0 0 31739 3526 0 0 4209 75486 37743 37743 28794 204631 68404 68404 134650 606013 695 0 250310 8416 0 0 1980 0 0 1950 60078 0 0 60231 529938 514420 454 575217 1752337 621262 106601 1316688 4315769 12535908 6068106 621262 106601 13852596 -6226538 20365304 1142545 45924 20016 20016 17514835 19485685 19485685 109943 110497 110497 68557527 59143632 59143632 66865 64224 11057 2641 2641 540236478 543693950 1440418662 626475764 622456421 1519181133 96166 56730 48089833 39869694 31741 187444 48217740 40113868 X 578258024 582342553 578258024 582342553 626475764 622456421 578258024 -6226538 10311067 582342553 0 582342553 PUBLICLY TRADED SECURITIES 2732599 2732599 2732599 ALTERNATIVE INVESTMENTS (LONG TERM) P 7802202 7802202 7802202 ARTWORK D 16364697 3924145 12440552 12440552 ARTWORK P 1400770 2160577 -759807 -759807 PASS THROUGH INVESTMENTS P 2209547 1771252 438295 438295 DISPOSAL OF CRESTVIEW III D 3196831 7331644 -4134813 -4134813 DISPOSAL OF TOP II ALLISON AIV II P 3364 63055 -59691 -59691 PASS THRU INVESTMENTS DISTRIB IN EXCESS OF BASIS P 33045 33045 33045 18492382 0 0 60434796 88282626 0.684560 28545605 110732900 0.257788 21015876 115591900 0.181811 54620360 148117413 0.368764 48925852 166581609 0.293705 1.786628 0.357326 79922595 28558421 203653 28762074 39676596 X 203653 0 203653 0 203653 301068 0 0 301068 0 97415 97415 0 0 0 0 0 0 0 0 0 1 1 0 1 1 CA 1 1 0 0 0 1 WWW.BROADARTFOUNDATION.ORG JULIE BAKER 3109545026 2121 AVENUE OF THE STARS LOS ANGELES CA 90067 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 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 TRUSTEE 10.00 0 0 0 EDYTHE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 TRUSTEE 5.00 0 0 0 JOANNE HEYLER 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 MNG DIR/CHF CUR 10.00 150000 6300 0 NONE 0 FAMILY OFFICE FINANCIAL SERVICES 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 ACCTG, TAX, TECHNOLOGY & HR 137304 FAMILY OFFICE INVESTMENT SERVICES LLC 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 INVESTMENT MGT 68404 0 ART ACQUISITION FOR LOAN PROGRAM 25824000 ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) 1316688 0 1734597 17611801 61793292 81139690 0 0 81139690 1217095 79922595 3996130 X 13852596 0 25824000 39676596 203653 39472943 1998-04-30 X 1142545 471792 670393 5779595 8064325 971163 401023 569834 4912656 6854676 39676596 60618573 28664489 21015876 149975534 12535908 13848500 12289500 12646752 51320660 27140688 46770073 16374989 8369124 98654874 0 0 2664087 2942754 3691097 3853063 13151001 0 0 0 0 ELI BROAD EDYTHE BROAD X AMERICAN FEDERATION OF ARTS 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 NONE PC GENERAL SUPPORT 1000 AMERICAN FRIENDS OF FONDATION BEYELER 423 WEST 14TH STREET NEW YORK NY 10014 NONE PC EXHIBITION SUPPORT 10000 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 NONE POF EXHIBITION SUPPORT TO TIME IS RUNNING OUT OF TIME: EXPERIMENTAL FILM AND VIDEO FROM THE L.A. REBELLION AND TODAY 40000 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 NONE POF GENERAL SUPPORT 10000 FOUNDATION ART & PRESERVATIONEMBASSIES 1725 I STREET NW SUITE 300 WASHINGTON DC 20006 NONE PC GENERAL SUPPORT 5000 HAMMER MUSEUM 10899 WILSHIRE BOULEVARD LOS ANGELES CA 900244201 NONE PC GENERAL SUPPORT 50000 ICA LA (NP) 1717 E 7TH ST LOS ANGELES CA 90021 NONE PC GENERAL SUPPORT 3000 ISSUE PROJECT ROOM 140 SECOND AVE 503 NEW YORK NY 10003 NONE PC GENERAL SUPPORT 3500 KING BAUDOUIN FOUNDATION (NP) 10 ROCKEFELLER PLAZA 16TH FLOOR NEW YORK NY 10020 NONE PC EXHIBITION SUPPORT 10000 MUSEUM OF CONTEMPORARY ART 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 NONE PC GENERAL SUPPORT 96268 MUSEUM OF MODERN ART 11 WEST 53 STREET NEW YORK NY 10019 NONE PC GENERAL SUPPORT 300000 REDCAT CALIFORNIA INSTITUTE OF THE ARTS VALENCIA CA 91355 NONE PC GENERAL SUPPORT 4640 THE BROAD 221 S GRAND AVENUE LOS ANGELES CA 90012 NONE POF TOWARDS OPERATING SUPPORT 12000000 WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE AT 75TH STREET NEW YORK NY 10021 NONE PC TOWARDS WHITNEY FELLOWS PROGRAM 2500 12535908 0 14 336767 14 2274 15 1264 18 -4234905 0 -3894600 0 -3894600 0 0 0 0 0 0 0 0 0 0 X X 1 ELI AND EDYTHE L BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 3736168 X X 1 MARKETABLE SECURITIES 2236168 2019-12-31 ACCOUNTING FEES 75486 37743 37743 28794 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2018-12-31 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 10/10/19 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2019-12-31 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 8/17/20 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2018-02-14 1500000 EXHIBITION SUPPORT 1500000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 10/10/19 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2019-02-22 40000 EXHIBITION SUPPORT TO TIME IS RUNNING OUT OF TIME: EXPERIMENTAL FILM AND VIDEO FROM THE L.A. REBELLION AND TODAY 40000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 11/08/19 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2019-11-19 10000 GENERAL SUPPORT 10000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 8/18/20 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2017-03-28 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 9/28/18, 10/10/19 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-FOURTH 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 2019, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING MARK BRADFORD, MARK GROTJAHN, ROBERT LONGO, KERRY JAMES MARSHALL, AND KARA WALKER. ADDITIONALLY, THE FOUNDATION INTRODUCED DAVID HAMMONS AND NATHANIEL MARY QUINN TO THE COLLECTION. THE NUMBER OF WORKS IN THE COLLECTION TOTALS 1,490. 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 ANDN 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 2019, IN ADDITION TO THE BROAD, 40 PUBLIC VENUES AVAILED THEMSELVES OF 87 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: HAUS DER KUNST, VANCOUVER ART GALLERY, BRANT FOUNDATION, HAMMER MUSEUM, ASHMOLEAN MUSEUM OF ART AND ARCHAEOLOGY, DALLAS CONTEMPORARY, FONDATION BEYELER, THE NATIONAL PORTRAIT GALLERY, THE WHITNEY MUSEUM OF AMERICAN ART, AND THE ART INSTITUTE OF CHICAGO. 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 AND USE OF FACILITIES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES AND USE OF THE FACILITY ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C). INTERNATIONAL FIXED INCOME FMV 19111001 19111001 INTERNATIONAL EQUITY FMV 15197 15197 HEDGE FUNDS FMV 11373527 11373527 LBO FUNDS FMV 4926212 4926212 DISTRESSED - PRIVATE EQUITY FMV 13195060 13195060 REAL ESTATE AND HARD ASSETS FMV 3327257 3327257 VENTURE CAPITAL FMV 3396345 3396345 SECONDARIES FMV 2246567 2246567 PUBLICLY TRADED SECURITIES FMV 1552466 1552466 IMPROVEMENTS 48373 48373 0 FURNITURE AND FIXTURES 17651 15130 2521 2521 COMPUTERS & EQUIPMENT 841 721 120 120 LEGAL FEES 3526 0 0 4209 CURRENT ASSETS - ART 9399978 5200000 5200000 FINE ARTS COLLECTION AND ART LIBRARY 527071488 538275288 1435000000 INVEST. REDEMPTION RECEIV. 3765012 218662 218662 ART STORAGE 310843 0 0 351548 PAYROLL SERVICE 963 0 0 963 SHIPPING 34175 0 0 34475 POSTAGE & DELIVERY 122 0 0 122 INSURANCE 178819 0 0 183402 BANK FEES 684 454 454 355 MISCELLANEOUS 240 0 0 260 MARKETING & PROMOTION 4092 0 0 4092 PASS THROUGH OTHER INVESTMENT EXPENSES 0 513966 0 0 PASS THROUGH OTHER INV INC. 0 712679 0 ROYALTIES 1264 1264 1264 UNREALIZED GAIN/LOSS 10311067 DEFERRED TAX LIABILITY 31741 187444 INVESTMENT & MANAGEMENT FEES 204631 68404 68404 134650 EXCISE TAX 250000 0 0 250000 UNRELATED BUSINESS INCOME TAX 125000 0 0 0 FILING FEES 300 0 0 300 STATE TAXES 75010 0 0 10 DEFERRED TAXES 155703 0 0 0 FOREIGN TAXES 0 695 0 0