2019-11-15T14:48:01-06:00 2018-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990PF 2018-01-01 954664939 THE BROAD ART FOUNDATION BROA 3109545026 2121 AVENUE OF THE STARS NO 3000 LOS ANGELES CA 90067 JULIE BAKER TRUSTEE 3109545026 2019-11-14 1 JENNIFER BECKER HARRIS P00183358 4254544919 2019-11-04 65.158.230.194 2019-11-14 20:22:35 PS P DE1D2BBAE0F1147E7A7EA18DABEA7E867F199504 188668795A24DAE755EFFBA4C1A56866D14F2E7B 2018 2020-03-31 21:24:44Z X 1504404276 X 49988642 171181 152488 171181 1672 674595 1672 16328871 42170390 18025980 0 298000 80338 37646 1505 66570704 18890709 472358 143750 0 0 143750 76275 0 0 76275 31915 0 0 34339 23450 0 0 22464 74714 37357 0 25223 262483 98998 0 167402 230235 356 0 200235 13218 0 0 2091 0 0 2030 69334 0 0 69840 1833 0 0 1872 619712 376255 566 624360 1549010 512966 566 1367790 6227381 13848500 7776391 512966 566 15216290 58794313 18377743 471792 17146 45924 45924 11926514 17514835 17514835 83500 109943 109943 79715127 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0 76068 76068 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 143750 5986 0 NONE 0 FAMILY OFFICE FINANCIAL SERVICES 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 ACCTG, TAX, TECHNOLOGY & HR 167402 FAMILY OFFICE INVESTMENT SERVICES LLC 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 INVESTMENT MGT 64672 0 ART ACQUISITION FOR LOAN PROGRAM 45402283 ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) 1367790 0 109772 10830973 78686286 89627031 0 0 89627031 1344405 88282626 4414131 X 15216290 0 45402283 60618573 183777 60434796 1998-04-30 X 471792 670393 5779595 5983368 12905148 401023 569834 4912656 5085863 10969376 60618573 28664489 21015876 54806984 165105922 13848500 12289500 12646752 24712054 63496806 46770073 16374989 8369124 30094930 101609116 0 0 2942754 3691097 3853063 4937247 15424161 0 0 0 0 ELI BROAD EDYTHE BROAD X 826LA 1714 W SUNSET BLVD LOS ANGELES CA 90026 NONE PC GENERAL FUND 5000 AMERICAN FEDERATION OF ARTS 305 EAST 47TH ST 10TH FL NEW YORK NY 10017 NONE PC GENERAL FUND 50000 AMERICAN PATRONS OF THE NATIONAL LIBRARY 275 MADISON AVE 6TH FL NEW YORK NY 10016 NONE PC EXHIBITION SUPPORT 10000 ARMAND HAMMER MUSEUM OF ART 10899 WILSHIRE BLVD LOS ANGELES CA 900244201 NONE PC GENERAL FUND 48500 FOUNDATION ART & PRESERVATIONEMBASSIES 1725 I STREET NW STE 300 WASHINGTON DC 20006 NONE PC GENERAL FUND 2500 GUILD HALL OF EAST HAMPTON INC 158 MAIN ST EAST HAMPTON NY 11937 NONE PC EXHIBITION SUPPORT 5000 IF INNOVATION FOUNDATION 7112 MACAPA DR LOS ANGELES CA 90068 NONE PC GENERAL FUND 15000 LOS ANGELES BROTHERHOOD CRUSADE 200 EAST SLAUSON AVE LOS ANGELES CA 90011 NONE PC GENERAL FUND 1500 MUSEUM OF MODERN ART 11 WEST 53 ST NEW YORK NY 10019 NONE PC GENERAL FUND 150000 MUSEUM OF MODERN ART 11 WEST 53 ST NEW YORK NY 10019 NONE PC GENERAL FUND 25000 REDCAT 24700 MCBEAN PKWY VALENCIA CA 91355 NONE PC GENERAL FUND 5000 SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE 136 W 22ND ST NEW YORK NY 10011 NONE PC GENERAL FUND 1000 THE BROAD 221 S GRAND AVE LOS ANGELES CA 90012 NONE POF EXHIBITION SUPPORT 1500000 THE BROAD 221 S GRAND AVE LOS ANGELES CA 90012 NONE POF TOWARDS OPERATING SUPPORT 12000000 THE DRAWING CENTER 35 WOOSTER ST NEW YORK NY 10013 NONE PC GENERAL FUND 2500 THE J PAUL GETTY TRUST 1200 GETTY CENTER DR LOS ANGELES CA 900491681 NONE EOF EXHIBITION SUPPORT 25000 WHITNEY MUSEUM OF AMERICAN ART 99 GANSEVOORT ST NEW YORK NY 10014 NONE PC TOWARDS WHITNEY FELLOWS PROGRAM 2500 13848500 0 14 171181 14 1672 15 1505 18 16328871 DEFERRED TAX ASSET 01 78833 0 16582062 0 16582062 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 27688642 X X 2 THE ELI AND EDYTHE BROAD FOUNDATION 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 22300000 X 1 MARKETABLE SECURITIES, ARTWORK 25888642 2018-12-31 ACCOUNTING FEES 74714 37357 0 25223 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 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2017-09-01 10000 CONTEMPORARY ART PROGRAMS 10000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 5/10/18, 10/24/18 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 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 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 2018, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING SAM FRANCIS, ANDREAS GURSKY, THOMAS HOUSEAGO, JEFF KOONS, YAYOI KUSAMA, SHERRIE LEVINE, SHARON LOCKHART, JULIE MEHRETU, LARI PITTMAN, JEFF WALL, AND JONAS WOOD. ADDITIONALLY, THE FOUNDATION INTRODUCED, SHIO KUSAKA AND KERRY JAMES MARSHALL TO THE COLLECTION. THE NUMBER OF WORKS IN THE COLLECTION NOW TOTALS 1,497.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 FIRST HAND, 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 2018, IN ADDITION TO THE BROAD, 12 PUBLIC VENUES AVAILED THEMSELVES OF 26 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: HAS DER KUNST, VANCOUVER ART GALLERY, JOSYLN ART MUSEUM, THE MET BREUER, DALLAS CONTEMPORARY, MODERN ART MUSEUM OF FORT WORTH, THE NATIONAL GALLERY IN LONDON, FRIST ART MUSEUM, THE WHITNEY MUSEUM OF AMERICAN ART, GAGOSIAN GALLERY, AND REGEN PROJECTS. INTERNATIONAL FIXED INCOME FMV 17228375 17228375 INTERNATIONAL EQUITY FMV 6003 6003 HEDGE FUNDS FMV 19508159 19508159 LBO FUNDS FMV 6592639 6592639 DISTRESSED - PRIVATE EQUITY FMV 15731931 15731931 REAL ESTATE AND HARD ASSETS FMV 1641900 1641900 VENTURE CAPITAL FMV 3200179 3200179 SECONDARIES FMV 3331081 3331081 PUBLICLY TRADED SECURITIES FMV 1317260 1317260 IMPROVEMENTS 48373 42599 5774 5774 FURNITURE AND FIXTURES 17651 12608 5043 5043 COMPUTERS & EQUIPMENT 2810 2570 240 240 LEGAL FEES 23450 0 0 22464 CURRENT ASSETS - ART 3900000 9399978 9399978 FINE ARTS COLLECTION AND ART LIBRARY 470101004 527071488 1405000000 INVEST. REDEMPTION RECEIV. 17476195 3765012 3765012 UNREALIZED GAIN/LOSS 7883301 ART STORAGE 410081 0 0 408616 PAYROLL SERVICE 1074 0 0 0 SHIPPING 37731 0 0 37732 POSTAGE & DELIVERY 97 0 0 97 INSURANCE 166474 0 0 174224 BANK FEES 566 475 566 0 SUPPLIES 225 0 0 225 MISCELLANEOUS 96 0 0 98 MARKETING & PROMOTION 3368 0 0 3368 PASS THROUGH OTHER INVESTMENT EXPENSES 0 375780 0 0 PASS THROUGH OTHER INV INC. 0 36141 0 ROYALTIES 1505 1505 1505 DEFERRED TAX ASSET 78833 0 0 DEFERRED TAX LIABILITY 110574 31741 INVESTMENT & MANAGEMENT FEES 262483 98998 0 167402 EXCISE TAX 125000 0 0 200000 UNRELATED BUSINESS INCOME TAX 100000 0 0 0 FILING FEES 225 0 0 225 STATE TAXES 5010 0 0 10 FOREIGN TAXES 0 356 0 0