BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
Tax period: 2017-09-01 to 2018-08-31
Filed: 2019-04-22
IRS object ID: 201921129349300112
Schema version: 2017v2.3
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	2019-04-22T09:11:51-05:00	ReturnTs
Tax Period End	2018-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	112973036	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SHALIK MORRIS & COMPANY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	80 CROSSWAYS PARK DRIVE WEST	AddressLine1Txt
City	WOODBURY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11797	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-09-01	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 FDNTN INC	BusinessNameLine1Txt

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	2034854055	PhoneNum
Signature	2019-04-16	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RICHARD BROWN	PreparerPersonNm
PTIN	P01219038	PTIN
Phone	5163388700	PhoneNum
Preparation	2019-04-04	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	47.23.39.58	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-04-16	IPDt
IP Tm	10:59:44	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	2A64C6D67BC1B8EF89239CFEFB99F22A6D9D721A	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	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	$14,609,950	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	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,742,605	PYContributionsGrantsAmt
CY Contributions Grants	$2,525,531	CYContributionsGrantsAmt
PY Program Service Revenue	$226,954	PYProgramServiceRevenueAmt
CY Program Service Revenue	$300,993	CYProgramServiceRevenueAmt
PY Investment Income	$4,837,902	PYInvestmentIncomeAmt
CY Investment Income	$6,552,712	CYInvestmentIncomeAmt
PY Other Revenue	$90,805	PYOtherRevenueAmt
CY Other Revenue	-$22,682	CYOtherRevenueAmt
PY Total Revenue	$7,898,266	PYTotalRevenueAmt
CY Total Revenue	$9,356,554	CYTotalRevenueAmt
PY Grants And Similar Paid	$3,417,997	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,426,691	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$127,864	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$142,675	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$117,157	CYTotalFundraisingExpenseAmt
PY Other Expenses	$685,372	PYOtherExpensesAmt
CY Other Expenses	$727,124	CYOtherExpensesAmt
PY Total Expenses	$4,231,233	PYTotalExpensesAmt
CY Total Expenses	$4,296,490	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,667,033	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$5,060,064	CYRevenuesLessExpensesAmt
Total Assets BOY	$125,626,552	TotalAssetsBOYAmt
Total Assets EOY	$140,367,256	TotalAssetsEOYAmt
Total Liabilities BOY	$396,026	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$428,124	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$125,230,526	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$139,939,132	NetAssetsOrFundBalancesEOYAmt
Mission	THE 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	$3,553,772	ExpenseAmt
Grant	$3,413,753	GrantAmt
Revenue	$300,933	RevenueAmt
Desc	GRADUATE FELLOWSHIP PROGRAM- FOR FISCAL YEAR ENDED AUGUST 31, 2018 THE FOUNDATION AWARDED A TOTAL OF 77 PAID FELLOWSHIPS CONSISTING OF $2,159,000 IN STIPENDS AND $1,254753 IN TUITION AND FEES FOR GRADUATE STUDY AND POSTDOCTORAL RESEARCH IN THE U.S AND BELGIUM.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$13,428	ExpenseAmt
Grant	$12,938	GrantAmt
Desc	INSTITUTIONAL GRANTS, PRIZES AND AWARDS	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$3,567,200	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
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	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	0	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 With Officer Ent	0	BusinessRlnWithOfficerEntInd
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
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	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	R BROWN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5163388700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	80 CROSSWAYS PK DR W	AddressLine1Txt
City	WOODBURY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11797	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	0.25	Yes (X)	$0	$0	$0
CHEVALIER EMILE L BOULPAEP
CHAIRMAN, PRES. & DIRECTOR	20.00	Yes (X)	$0	$0	$0	Yes (X)
COMTE DIEGO DU MONCEAU DE BERGENDAL
DIRECTOR	0.00	Yes (X)	$0	$0	$0
MRS SUSAN FRIBERG
DIRECTOR	0.00	Yes (X)	$0	$0	$0
MR FILIP MOERMAN
DIRECTOR	0.00	Yes (X)	$0	$0	$0
BARON DANIEL JANSSEN
DIRECTOR	0.25	Yes (X)	$0	$0	$0
LGILLES SION ESQ
SECRETARY, DIRECTOR	0.50	Yes (X)	$0	$0	$0	Yes (X)
DIRK WAUTERS
DIRECTOR	0.00	Yes (X)	$0	$0	$0
PROFESSOR JACQUES WILLEMS
DIRECTOR	0.00	Yes (X)	$0	$0	$0
PROF DR MARCEL CROCHET
VICE-PRESIDENT, DIRECTOR	2.00	Yes (X)	$0	$0	$0	Yes (X)
WILLIAM F MOODY
DIRECTOR	0.25	Yes (X)	$0	$0	$0
MARGARET HOOVER
DIRECTOR	0.25	Yes (X)	$0	$0	$0
MR OLIVIER TROUVEROY
DIRECTOR,TREASURER	1.00	Yes (X)	$0	$0	$0	Yes (X)
BARON FRANS VAN DAELE
DIRECTOR	0.00	Yes (X)	$0	$0	$0
ALEXIA BERTRAND
DIRECTOR	0.00	Yes (X)	$0	$0	$0

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 (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
GRIFFIN ASSET MANAGEMENT
230 PARK AVENUE 1TH FL SUITE 61	NEW YORK	NY	10169	INVESTMENT ADVISORY SERVICES	$414,208
SHALIK MORRIS & COMPANY LLP
80 CROSSWAYS PARK WEST	WOODBURY	NY	11797	ACCOUNTING SERVICES	$151,575

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt
Government Grants	$56,382	GovernmentGrantsAmt
All Other Contributions	$2,469,149	AllOtherContributionsAmt
Total Contributions	$2,525,531	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	FELLOWSHIP REPAYMENTS	Desc
Business	900099	BusinessCd
Total Revenue Column	$300,993	TotalRevenueColumnAmt
Related Or Exempt Func Income	$300,993	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$300,993	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,225,732	TotalRevenueColumnAmt
Exclusion	$3,225,732	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$8,580,376	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$5,253,396	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$3,326,980	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,326,980	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,326,980	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FRIENDS OF BAEF NET INCOME	900099	$6,306	$6,306
MISCELLANEOUS	900099	$376	$376
FOREIGN EXCHANGE GAINS (LOSSES)	900099	-$29,364	-$29,364

Field	Value	IRS element (for citing)
Other Revenue Total	-$22,682	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,356,554	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,605,291	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$3,225,732	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,250	TotalAmt
Program Services	$1,250	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$3,151,287	TotalAmt
Program Services	$3,151,287	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$274,154	TotalAmt
Program Services	$274,154	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$128,924	TotalAmt
Program Services	$45,123	ProgramServicesAmt
Management And General	$42,545	ManagementAndGeneralAmt
Fundraising	$41,256	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$13,751	TotalAmt
Program Services	$4,813	ProgramServicesAmt
Management And General	$4,538	ManagementAndGeneralAmt
Fundraising	$4,400	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$3,450	TotalAmt
Management And General	$3,450	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$152,783	TotalAmt
Program Services	$53,474	ProgramServicesAmt
Management And General	$50,418	ManagementAndGeneralAmt
Fundraising	$48,891	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$414,208	TotalAmt
Management And General	$414,208	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,127	TotalAmt
Program Services	$2,144	ProgramServicesAmt
Management And General	$2,022	ManagementAndGeneralAmt
Fundraising	$1,961	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$17,379	TotalAmt
Program Services	$6,083	ProgramServicesAmt
Management And General	$5,735	ManagementAndGeneralAmt
Fundraising	$5,561	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$17,842	TotalAmt
Program Services	$6,245	ProgramServicesAmt
Management And General	$5,887	ManagementAndGeneralAmt
Fundraising	$5,710	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$5,469	TotalAmt
Program Services	$1,914	ProgramServicesAmt
Management And General	$1,805	ManagementAndGeneralAmt
Fundraising	$1,750	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$3,765	TotalAmt
Program Services	$1,318	ProgramServicesAmt
Management And General	$1,242	ManagementAndGeneralAmt
Fundraising	$1,205	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$6,916	TotalAmt
Program Services	$2,421	ProgramServicesAmt
Management And General	$2,282	ManagementAndGeneralAmt
Fundraising	$2,213	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt
CENTENNIAL ARCHIVAL RES	$54,196	$54,196
ANNUAL AUDIT	$19,462	$19,462
GRADUATE FELLOWSHIP EXP	$12,369		$12,369
TELEPHONE AND INTERNET	$5,463	$1,803	$1,912	$1,748

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,695	TotalAmt
Program Services	$2,693	ProgramServicesAmt
Management And General	$2,540	ManagementAndGeneralAmt
Fundraising	$2,462	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,296,490	TotalAmt
Program Services	$3,567,200	ProgramServicesAmt
Management And General	$612,133	ManagementAndGeneralAmt
Fundraising	$117,157	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,212,489	BOYAmt
EOY	$75,769	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$992,990	BOYAmt
EOY	$136,501	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$334,703	BOYAmt
EOY	$301,396	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$81,996	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$44,451	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$37,545	BOYAmt
EOY	$37,545	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$114,770,842	BOYAmt
EOY	$131,229,910	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$7,495,114	BOYAmt
EOY	$7,737,271	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$782,869	BOYAmt
EOY	$848,864	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$125,626,552	BOYAmt
EOY	$140,367,256	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$396,026	BOYAmt
EOY	$428,124	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$396,026	BOYAmt
EOY	$428,124	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$123,569,648	BOYAmt
EOY	$138,050,791	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,660,878	BOYAmt
EOY	$1,888,341	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$125,230,526	BOYAmt
EOY	$139,939,132	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$125,626,552	BOYAmt
EOY	$140,367,256	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$5,060,064	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$9,648,542	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
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	Yes (1)	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	$2,484,846	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,386,626	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,093,579	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,742,605	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,525,531	CurrentTaxYearAmt
Total	$12,233,187	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,484,846	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,386,626	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,093,579	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,742,605	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,525,531	CurrentTaxYearAmt
Total	$12,233,187	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$8,881	SubstantialContributorsTotAmt
Public Support Total170	$12,224,306	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,152,345	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,339,603	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,628,090	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,784,121	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,225,732	CurrentTaxYearAmt
Total	$13,129,891	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$274,943	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$301,395	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$224,290	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$317,446	CurrentTaxYearMinus1YearAmt
Current Tax Year	$278,311	CurrentTaxYearAmt
Total	$1,396,385	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$26,759,463	TotalSupportAmt
Public Support CY170	0.45680	PublicSupportCY170Pct
Public Support PY170	0.46720	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

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)
Solicited Assets Sale	0	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,381,318	BeginningYearBalanceAmt
Contributions	$106,720	ContributionsAmt
Investment Earnings Or Losses	$1,208,385	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$333,240	GrantsOrScholarshipsAmt
End Year Balance	$11,362,733	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$7,700,591	BeginningYearBalanceAmt
Contributions	$3,151,060	ContributionsAmt
Investment Earnings Or Losses	-$167,875	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$302,460	GrantsOrScholarshipsAmt
End Year Balance	$10,381,318	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$6,072,127	BeginningYearBalanceAmt
Contributions	$863,926	ContributionsAmt
Investment Earnings Or Losses	$995,833	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$231,295	GrantsOrScholarshipsAmt
End Year Balance	$7,700,591	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	$44,451	OtherCostOrOtherBasisAmt
Depreciation	$44,451	DepreciationAmt
Book Value	$0	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$37,545	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BERKSHIRE HATHAWAY	$7,579,200	F
FRIENDS OF BAEF FUND @ KBF	$158,071	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$7,737,271	TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt	$18,590,888	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$9,648,542	NetUnrealizedGainsInvstAmt
Other Revenue	-$414,208	OtherRevenueAmt
Revenue Not Reported	$9,234,334	RevenueNotReportedAmt
Revenue Subtotal	$9,356,554	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$9,356,554	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,882,282	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$3,882,282	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$414,208	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$414,208	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$4,296,490	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III, LINE 1A:	ARTWORK-MAGRITTE PAINTING ON PERMANENT LOAN TO THE MAGRITTE MUSEUM IN BRUSSELS, BELGIUM
PART V, LINE 4:	FELLOWSHIPS
PART XI, LINE 2D - OTHER ADJUSTMENTS:	INVESTMENT ADVISORY FEES -414,208.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	ROUNDING ADJUSTMENT

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

Field	Value	IRS element (for citing)
Region	BELGIUM	RegionTxt
Offices	1	OfficesCnt
Type Of Activities Conducted	ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS	TypeOfActivitiesConductedTxt
Region Total Expenditures	$252,557	RegionTotalExpendituresAmt

Field	Value	IRS element (for citing)
Subtotal Offices	1	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	1	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$252,557	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$252,557	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
FELLOWSHIPS	BELGIUM	10	$262,466	CHECKS
ALUMNI AWARD	BELGIUM	1	$11,688	WIRE TRANSFER

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 (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2:

ORGANIZATION MAINTAINS A BRANCH OFFICE IN BRUSSELS, BELGIUM. 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. ACCOUNTING OF ANNUAL TRANSACTIONS AND A BUDGET FOR THE NEXT FISCAL YEAR IS SUBMITTED TO THE BELGIAN GOVERNMENT AS A PART OF THE FUNDING REQUEST FOR A GRANT FROM THE BELGIAN GOVERNMENT TO THE BAEF.

PART I, LINE 3:

MONTHLY REPORTS OF TRANSACTIONS ARE SUBMITTED TO US OFFICE IN NEW HAVEN, INCLUDING COPIES OF BANK STATEMENTS, PAYMENT VOUCHERS AND VENDOR INVOICES.. TRANSACTIONS ARE CONVERTED TO USD USING MONTHLY AVERAGE CONVERSION RATE FROM EUR TO USD.

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	68	RecipientCnt
Cash Grant	$3,151,287	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I LINE 2

ALL BAEF FELLOWS COMING TO THE U.S. FOR STUDY OR POSTDOCTORAL RESEARCH RECEIVE THEIR VISA APPROVAL THROUGH THEIR HOST INSTITUTIONS. THE BAEF OFFIC IN NEW HAVEN, CONNECTICUTT, MONITORS THE FELLOWS THROUGH STIPEND CHECK PAYMENTS TO THE FELLOWS AND TUITION PAYMENTS TO UNIVERSITIES FOR MASTERS AND PHD STUDIES. IN ADDITION, THE BAEF OFFICE IN THE U.S. RECEIVES A NOTICE OF ARRIVAL FORM FROM THE FELLOWS BEFORE ANY STIPEND PAYMENTS ARE MADE. PRIOR TO THE END OF THE FELLOWSHIP YEAR THE OFFICE RECEIVES A REPORT FROM THE FELLOW DESCRIBING THEIR FELLOWSHIP EXPERIENCE IN THE U.S.

PART III

FELLOWSHIP PROGRAM IN THE U.S. INCLUDED 35 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAM AT VARIOUS U.S. UNIVERSITIES TOTALLING $548,000 IN STIPEND PAYMENTS AND $1,235,073 IN TUITION AND FEES. THE FOUNDATION ALSO FUNDED RESESRCH FELLOWSHIPS IN THE U.S. FOR 33 INDIVIDUALS TOTALLING $1,368,214 IN STIPENDS AND HEALTH INSURANCE FEES.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	AT THE ANNUAL MEETING OF THE MEMBERS 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	990 IS REVIEWED AND APPROVED BY PRESIDENT AND CHAIRMAN BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 11B	990 PREPARED BY BAEF ACCOUNTANT AND REVIEWED BY THE FOUNDATIONS'S AUDITORS AND ITS PRESIDENT ABD CHAIRMAN BEFORE IT IS FILED
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD OF DIRECTORS MEET FOUR TIMES ANNUALLY AT WHICH TIME ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED.
FORM 990, PART VI, SECTION B, LINE 15B	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 18	FOUNDATION CENTER WEBSITE
FORM 990, PART VI, SECTION C, LINE 19	UPON REQUEST
FORM 990 PART XII LINE 2C	DRAFT OF AUDIT IS REVIEWED BY PRESIDENT AND TREASURER. AT ANNUAL MEETING TREASURER PRESENTS THE AUDIT AND AFTER DISCUSSION, APPROVAL OF REPORT AND SELECTION OF AUDITORS FOR SUBSEQUENT FISCAL YEAR IS PROPOSED AND APPROVED BY THE MEMBERS.