2018-11-09T15:18:52-06:00 2017-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990PF 2017-01-01 954664939 THE BROAD ART FOUNDATION BROA 3109545026 2121 AVENUE OF THE STARS NO 3000 LOS ANGELES CA 90067 ELI BROAD TRUSTEE 3109545026 2018-11-01 1 JENNIFER BECKER HARRIS P00183358 4254544919 2018-11-01 65.158.230.194 2018-11-01 15:39:48 PD P 1EFD7E5E1F4C62028642ABF596961248ADC861EE BB354ABF92EC963E3C5F00DBAC0B26400951866D 2017 2019-02-21 02:37:17Z X 1171142758 X 6500000 112932 108612 112932 120732 3274982 120732 5945923 45164004 9090826 351787 77737 131344 245398 11595 12810931 12719818 674783 137500 0 0 137500 77938 0 0 77938 -48672 0 0 33706 4888 0 0 4888 37938 22644 0 22644 271775 143379 3916 191773 6235 51396 0 235 13218 0 0 4111 0 0 4111 74029 0 0 73613 1737 0 0 1792 691838 614009 474 704780 1272535 831428 4390 1252980 5190415 12289500 6462950 831428 4390 13542480 6347981 11888390 670393 17146 17146 14328793 11926514 11926514 77330 83500 83500 103949649 79715127 79715127 68834 44558 37493 24276 24276 460974643 491477199 1079376195 579367908 583243762 1171142758 240478 75223 62810037 55710953 212736 110574 63263251 55896750 X 516104657 527347012 516104657 527347012 579367908 583243762 516104657 6347981 4894374 527347012 0 527347012 PUBLICLY TRADED SECURITIES 35351524 34999737 351787 351787 ALTERNATIVE INVESTMENTS P 7256719 4960056 2296663 2296663 JCF III CO-INVEST DISTRIB IN EXCESS OF BASIS D 1505805 1505805 1505805 ARTWORK P 80250 75750 4500 4500 PASS THROUGH INVESTMENTS REPORTED ON SCH K-1 P 4932071 4932071 4932071 9090826 351787 0 21015876 115591900 0.181811 54620360 148117413 0.368764 48925852 166581609 0.293705 51272387 168663312 0.303993 15961340 171262131 0.093198 1.241471 0.248294 110732900 27494315 118884 27613199 28664489 X 118884 0 118884 0 118884 153729 100000 0 253729 0 134845 134845 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 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 137500 6075 0 NONE 0 FAMILY OFFICE FINANCIAL SERVICES 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 ACCTG, TAX, TECHNOLOGY & HR 191563 FAMILY OFFICE INVESTMENT SERVICES LLC 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 INVESTMENT MGT 143379 0 ART ACQUISITION FOR LOAN PROGRAM 15122009 ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) 1252980 0 1240039 17199656 93979493 112419188 0 0 112419188 1686288 110732900 5536645 X 13542480 0 15122009 28664489 118884 28545605 1998-04-30 X 670393 5779595 5983368 4200060 16633416 569834 4912656 5085863 3570051 14138404 28664489 21015876 54806984 49119894 153607243 12289500 12646752 24712054 12735800 62384106 16374989 8369124 30094930 36384094 91223137 0 0 3691097 3853063 4937247 5552720 18034127 0 0 0 0 ELI BROAD EDYTHE BROAD X 826LA 1714 W SUNSET BLVD LOS ANGELES CA 90026 NONE PC GENERAL FUND 5000 AAMC FOUNDATION 174 EAST 80TH STREET NEW YORK NY 10075 NONE PC SUPPORT FOR MENTORSHIP PROGRAM 2450 AMERICAN FEDERATION OF ARTS 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 NONE PC GENERAL FUND 1000 AMERICANS FOR THE ARTS 1000 VERMONT AVENUE NW FL 6 WASHINGTON DC 20005 NONE PC GENERAL FUND 2000 ARMAND HAMMER MUSEUM OF ART 10899 WILSHIRE BOULEVARD LOS ANGELES CA 900244201 NONE PC GENERAL FUND 23500 ART PRACTICE 4346 DEGNAN BLVD LOS ANGELES CA 90008 NONE POF GENERAL FUND 10000 BALTIMORE MUSEUM OF ART 10 ART MUSEUM DRIVE BALTIMORE MD 21218 NONE PC EXHIBITION SUPPORT 10000 FOUNDATION ART & PRESERVATIONEMBASSIES 1725 I STREET NW SUITE 300 WASHINGTON DC 20006 NONE PC GENERAL FUND 2500 GRAND PERFORMANCES 350 S GRAND AVE SUITE A-4 LOS ANGELES CA 90071 NONE PC GENERAL FUND 2500 INNER CITY ARTS 720 KOHLER STREET LOS ANGELES CA 90021 NONE PC GENERAL FUND 1000 MUSEUM OF CONTEMPORARY ART CHICAGO 220 EAST CHICAGO AVENUE CHICAGO IL 60611 NONE PC EXHIBITION SUPPORT 25000 MUSEUM OF CONTEMPORARY ART TUCSON 265 S CHURCH AVE TUCSON AZ 85701 NONE PC GENERAL FUND 1000 MUSEUM OF CONTEMPORARY ART 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 NONE PC GENERAL FUND 98850 MUSEUM OF MODERN ART 11 WEST 53 STREET NEW YORK NY 10019 NONE PC GENERAL FUND 10000 PERFORMA INC 100 W 23RD ST 5TH FL NEW YORK NY 10011 NONE PC GENERAL FUND 25000 REDCAT 24700 MCBEAN PARKWAY VALENCIA CA 91355 NONE PC GENERAL FUND 23200 SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE 200 PARK AVENUE SOUTH STE 1116 NEW YORK NY 10003 NONE PC GENERAL FUND 1000 TATE AMERICAS FOUNDATION 520 WEST 27TH STREET UNIT 404 NEW YORK NY 100015548 NONE PC GENERAL FUND 25000 THE BROAD 221 S GRAND AVENUE LOS ANGELES CA 90012 NONE POF TOWARDS OPERATING SUPPORT 12000000 UCLA CENTER FOR THE ART OF PERFORMANCE 340 ROYCE DRIVE B100 LOS ANGELES CA 90095 NONE PC GENERAL FUND 15000 UCLA SCHOOL OF THE ARTS AND ARCHITECTURE BOX 951427 RM 8260 LOS ANGELES CA 90095 NONE PC GENERAL FUND 3000 WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE AT 75TH STREET NEW YORK NY 10021 NONE PC TOWARDS WHITNEY FELLOWS PROGRAM 2500 12289500 0 14 112932 14 120732 15 11595 18 5945923 REFUNDS 17587 DEFERRED TAX ASSET 01 102162 0 6293344 17587 6310931 11A REFUNDS TAKEN AS PRIOR QUALIFYING DISTRIBUTIONS 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 6500000 X ACCOUNTING FEES 37938 22644 0 22644 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 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2017-09-01 10000 CONTEMPORARY ART PROGRAMS 4487 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 5/10/18 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2016-12-15 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED SEPTEMBER 2017 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2016-08-31 10000 CONTEMPORARY ART PROGRAMS 10000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED SEPTEMBER 2017 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 CONTEMPORARY ART. DURING 2017, 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 1,536. 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 2017, IN ADDITION TO THE BROAD, 21 PUBLIC VENUES AVAILED THEMSELVES OF 106 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: ASPEN ART MUSEUM; BROOKLYN MUSEUM; CLEVELAND MUSEUM OF ART; INSTITUTE OF CONTEMPORARY ART, MIAMI; LOS ANGELES COUNTY MUSEUM OF ART; MUSEUM OF CONTEMPORARY ART, GEFFEN CONTEMPORARY; MODERN ART MUSEUM OF FORT WORTH; MUSEO JUMEX; MUSEO NACIONAL CENTRO DE ARTE REINA SOFIA; MUSEUM OF CONTEMPORARY ART, CHICAGO; MUSEUM OF FINE ARTS, HOUSTON; MUSEUM OF MODERN ART, NEW YORK; NEW BRITAIN MUSEUM OF AMERICAN ART, NSU ART MUSEUM FORT LAUDERDALE, PEREZ ART MUSEUM MIAMI AND THE WEXNER CENTER FOR THE ARTS, THE OHIO STATE UNIVERSITY. WITHIN THE BROAD'S OWN GALLERIES, 215 WORKS FROM THE COLLECTION OF THE BROAD ART FOUNDATION WERE ON VIEW TO THE PUBLIC. INTERNATIONAL FIXED INCOME FMV 17899231 17899231 INTERNATIONAL EQUITY FMV 54548 54548 HEDGE FUNDS FMV 26713109 26713109 LBO FUNDS FMV 4485804 4485804 DISTRESSED - PRIVATE EQUITY FMV 16547756 16547756 REAL ESTATE AND HARD ASSETS FMV 3772734 3772734 VENTURE CAPITAL FMV 6121115 6121115 SECONDARIES FMV 4120830 4120830 IMPROVEMENTS 48373 32416 15957 15957 FURNITURE AND FIXTURES 17651 10086 7565 7565 COMPUTERS & EQUIPMENT 2810 2056 754 754 LEGAL FEES 4888 0 0 4888 CURRENT ASSETS - ART 9921875 3900000 3900000 FINE ARTS COLLECTION AND ART LIBRARY 449162120 470101004 1058000000 INVEST. REDEMPTION RECEIV. 1890648 17476195 17476195 ART STORAGE 411458 0 0 422389 PAYROLL SERVICE 2020 0 0 2013 SHIPPING 80787 0 0 80787 INSURANCE 156309 0 0 158812 RESTORATION & REPAIRS 36000 0 0 36000 BANK FEES 474 2595 474 0 SUPPLIES 196 0 0 185 MISCELLANEOUS 16 0 0 16 ENTERTAINMENT & PROMOTION 4578 0 0 4578 PASS THROUGH OTHER INVESTMENT EXPENSES 0 611414 0 0 PASS THROUGH OTHER INV INC. 0 233803 0 ROYALTIES 11595 11595 11595 REFUNDS 17587 0 DEFERRED TAX ASSET 102162 0 UNREALIZED GAIN/LOSS 4894374 DEFERRED TAX LIABILITY 212736 110574 OTHER PROFESSIONAL SERVICES 210 0 0 210 INVESTMENT MANAGEMENT FEES 271565 143379 3916 191563 UNRELATED BUSINESS INCOME TAX 5000 0 0 0 FILING FEES 225 0 0 225 STATE TAXES 1010 0 0 10 FOREIGN TAXES 0 51396 0 0