2017-11-08T12:13:32-06:00 2016-12-31 954825872 FAMILY OFFICE FINANCIAL SERVICES LLC 2121 AVE OF THE STARS STE 3000 LOS ANGELES CA 90067 990PF 2016-01-01 954664939 THE BROAD ART FOUNDATION BROA 3109545025 2121 AVENUE OF THE STARS NO 3000 LOS ANGELES CA 90067 CINDY S QUANE TRUSTEE 3109545025 2017-11-08 CINDY S QUANE P01323477 3109545025 2016 2022-09-23 18:48:47Z X 1164205788 X 7761778 69321 69339 69321 4672101 3544453 4672101 1911694 23394057 4560030 34357 3775100 773247 319990 773247 15188141 8493812 9324126 125000 0 0 125000 73803 0 0 73803 33684 0 0 32790 7245 0 0 7245 50815 21733 0 21733 385993 187578 142559 199465 65376 0 0 150325 11449 0 0 3490 0 0 3490 29330 0 0 50375 446 0 0 446 1734721 778462 493008 630277 2521352 987773 635567 1294949 6051409 12646752 8572761 987773 635567 13941701 6615380 7506039 8688559 452 27051292 14328793 14328793 77330 77330 92510681 103949649 103949649 68834 31341 48942 37493 37493 464554820 460974643 1045812523 584166187 579367908 1164205788 265583 240478 69388713 62810037 297685 212736 69951981 63263251 X 514214206 516104657 514214206 516104657 584166187 579367908 514214206 6615380 0 520829586 4724929 516104657 27,990 SHS NANOSTRING TECHNOLOGIES, INC. 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P 2011-06-23 2016-04-21 379192 219951 159241 159241 PERRY PARTNERS DISTRIBUTION IN EXCESS OF BASIS P 2002-10-03 2016-12-31 92910 92910 92910 PEG SECONDARY DISTRIBUTION IN EXCESS OF BASIS P 2009-10-13 2016-12-31 3617105 3617105 3617105 GS AMI CHINA DISTRIBUTION IN EXCESS OF BASIS P 2009-10-26 2016-12-31 3750 3750 3750 JCF BTG PACTUAL DISTRIBUTION IN EXCESS OF BASIS P 2011-03-22 2016-12-31 7097 7097 7097 BRIDGEWATER ALL WEATHER P 2013-05-01 2016-02-09 9022587 10000000 -977413 -977413 BANK OF AMERICA EURO P 2015-03-17 2016-05-18 857811 -857811 -857811 VARIOUS ARTWORKS P 1992-05-13 2016-12-31 4323900 3896000 427900 427900 VARIOUS ARTWORKS D 2002-07-17 2006-08-18 2587038 400000 2187038 2187038 PARTNERSHIP PASS THROUGH P 2016-01-01 2016-12-31 34357 34357 34357 PARTNERSHIP PASS THROUGH P 2015-01-01 2016-12-31 2433100 2909246 -476146 -476146 CAPITAL GAINS DIVIDENDS P 22 22 22 4560030 34357 0 54620360 148117413 0.368764 48925852 166581609 0.293705 51272387 168663312 0.303993 15961340 171262131 0.093198 29913710 177999702 0.168055 1.227715 0.245543 115591900 28382782 75060 28457842 21015876 150121 0 150121 0 150121 303850 303850 153729 153729 0 0 0 0 0 0 0 0 0 1 1 0 1 1 CA 1 1 0 0 0 1 WWW.BROADARTFOUNDATION.ORG CINDY S QUANE 3109545025 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 125000 5963 0 NONE 0 FAMILY OFFICE FINANCIAL SERVICES 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 ACCTG, TAX, TECHNOLOGY & HR 190250 FAMILY OFFICE INVESTMENT SERVICES LLC 2121 AVENUE OF THE STARS STE 3000 LOS ANGELES CA 90067 INVESTMENT MGT 187578 0 ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) 1294950 ART ACQUISITION FOR LOAN PROGRAM 7074175 0 0 2531830 34132628 80687725 117352183 0 0 117352183 1760283 115591900 5779595 X 13941701 0 7074175 21015876 0 21015876 1998-04-30 X 5779595 5983368 4200060 3853081 19816104 4912656 5085863 3570051 3275119 16843688 21015876 54806984 49119894 51600288 176543042 12646752 24712054 12735800 677859 50772465 8369124 30094930 36384094 50922429 125770577 0 0 3853063 4937247 5552720 5622111 19965141 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 AMERICAN FRIENDS OF FONDATION BEYELER 423 WEST 14TH STREET NEW YORK NY 10014 NONE PC GENERAL FUND 50000 AMERICANS FOR THE ARTS 1000 VERMONT AVENUE NW FL 6 WASHINGTON DC 20005 NONE PC GENERAL FUND 15000 ARMAND HAMMER MUSEUM OF ART 10899 WILSHIRE BOULEVARD LOS ANGELES CA 900244201 NONE PC EXHIBITION SUPPORT 50000 ARMAND HAMMER MUSEUM OF ART 10899 WILSHIRE BOULEVARD LOS ANGELES CA 900244201 NONE PC GENERAL FUND 25000 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 150000 CALIFORNIA INSTITUTE OF THE ARTS 24700 MCBEAN PARKWAY VALENCIA CA 913552397 NONE PC GENERAL FUND 5000 CENTER CURATORIAL STUDIESBARD COLLEGE PO BOX 5000 ANNANDALEONHUDSON NY 125045000 NONE PC GENERAL FUND 1000 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 10000 GUILD HALL 158 MAIN STREET EAST HAMPTON NY 11937 NONE PC GENERAL FUND 2500 HENRY STREET SETTLEMENT 265 HENRY STREET NEW YORK NY 10002 NONE PC GENERAL FUND 900 HIRSHHORN MUSEUM PO BOX 37012 MRC 358 WASHINGTON DC 200137012 NONE PC EXHIBITION SUPPORT 50000 MUSEUM OF CONTEMPORARY ART 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 NONE PC GENERAL FUND 48850 MUSEUM OF MODERN ART 11 WEST 53 STREET NEW YORK NY 10019 NONE PC GENERAL FUND 150000 PARRISH ART MUSEUM INC 279 MONTAUK HIGHWAY WATER MILL NY 11976 NONE PC EXHIBITION SUPPORT 10000 PIECE BY PIECE 1317 E 7TH STREET LOS ANGELES CA 90021 NONE PC GENERAL FUND 2500 PORTLAND ART MUSEUM 1219 SW PARK AVENUE PORTLAND OR 97205 NONE PC EXHIBITION SUPPORT 25000 SKIRBALL CULTURAL CENTER 2701 NORTH SEPULVEDA BLVD LOS ANGELES CA 90049 NONE PC EXHIBITION SUPPORT 10000 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 16552 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 12646752 0 14 69321 14 4672101 14 573247 18 1911694 INSURANCE CLAIM 200000 0 7226363 200000 7426363 11A INSURANCE CLAIM - ARTWORK DAMAGE 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 4800000 X 2 ELI AND EDYTHE L BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2961778 X X 2 ANDY WARHOL, "THE TWO SISTERS AND "THE DISQUIETING MUSES" 2961778 2016-04-04 AUDIT FEES 50815 21733 0 21733 THE BROAD 221 S GRAND LOS ANGELES CA 90012 2016-12-15 12000000 OPERATING SUPPORT 12000000 NONE SEPTEMBER 2017 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2016-08-31 10000 CONTEMPORARY ART PROGRAMS 10000 NONE SEPTEMBER 2017 SUMMARY OF DIRECT CHARITABLE ACTIVITIES FORM 990PF, 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-THIRD 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 2016, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING TAUBA AUERBACH, JOHN BALDESSARI, GEORGE CONDO, GREGORY CREWDSON, ANDREAS GURSKY, SHERRIE LEVINE, JULIE MEHRETU, AND CINDY SHERMAN. ADDITIONALLY, THE FOUNDATION INTRODUCED, ERICKA BECKMAN, OSCAR MURILLO, AND PIOTR UKLANSKI TO THE COLLECTION. THE NUMBER OF WORKS IN THE COLLECTION NOW TOTALS 1,519. 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. IN JUNE 2016 THE BROAD PRESENTED ITS FIRST SPECIAL LOAN EXHIBITION, CINDY SHERMAN: IMITATION OF LIFE, ON VIEW FROM JUNE 11 - OCTOBER 2, 2016 FEATURING 98 WORKS FROM THE COLLECTION OF THE BROAD ART FOUNDATION. LOAN ACTIVITYTHE CENTERPIECE OF THE FOUNDATION'S ACTIVITIES IS ITS LENDING PROGRAM. IN 2016, IN ADDITION TO THE BROAD, 15 PUBLIC VENUES AVAILED THEMSELVES OF 19 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: APSEN ART MUSEUM, ASPEN, COLORADO; CENTRE GEORGES POMPIDOU, MUS E NATIONAL D'ART MODERNE, PARIS, FRANCE; DE YOUNG MUSEUM - FINE ARTS MUSEUMS OF SAN FRANCISCO, SAN FRANCISCO, CALIFORNIA; FRIST CENTER FOR THE VISUAL ARTS, NASHVILLE, TENNESSEE; KUNSTMUSEUM BASEL, BASEL, SWITZERLAND; LOS ANGELES COUNTY MUSEUM OF ART, LOS ANGELES, CALIFORNIA; MUSEUM OF CONTEMPORARY ART, LOS ANGELES, CALIFORNIA; MUSEO STEFANO BARDINI, FLORENCE, ITALY; MUSEUM OF CONTEMPORARY ART, SAN DIEGO, SAN DIEGO, CALIFORNIA; MUSEO RUFINO TAMAYO, MEXICO CITY, MEXICO; NEW MUSEUM, NEW YORK, NEW YORK; PARRISH ART MUSEUM, WATER MILL, NEW YORK; PIVOT ART + CULTURE/VULCAN INC, SEATTLE, WASHINGTON; THE HUNTINGTON LIBRARY, ART COLLECTIONS, AND BOTANICAL GARDENS, SAN MARINO, CALIFORNIA; AND THE JOHN AND MABLE RINGLING MUSEUM OF ART, SARASOTA, FLORIDA. WITHIN THE BROAD'S OWN GALLERIES, 354 WORKS FROM THE COLLECTION OF THE BROAD ART FOUNDATION WERE ON VIEW TO THE PUBLIC. INTERNATIONAL FIXED INCOME FMV 4408937 4408937 DOMESTIC EQUITY FMV 20200406 20200406 INTERNATIONAL EQUITY FMV 13816514 13816514 HEDGE FUNDS FMV 24468302 24468302 LBO FUNDS FMV 6403041 6403041 DISTRESSED - PRIVATE EQUITY FMV 18632146 18632146 REAL ESTATE AND HARD ASSETS FMV 3377064 3377064 VENTURE CAPITAL FMV 7489214 7489214 SECONDARIES FMV 5154025 5154025 DERIVITIVES FMV 0 0 IMPROVEMENTS 48373 22234 26139 26139 FURNITURE AND FIXTURES 17651 7565 10086 10086 COMPUTERS & EQUIPMENT 2810 1542 1268 1268 LEGAL FEES 7245 0 0 7245 CURRENT ASSETS - ART 9500000 9921875 9921875 FINE ARTS COLLECTION AND ART LIBRARY 446554820 449162120 1034000000 PROGRAM RELATED INVESTMENT 8500000 0 0 REDEMPTION RECEIVABLES 0 1890648 1890648 UNREALIZED LOSS 4724929 DIRECT ART PROGRAM EXPENSE 480401 0 0 469470 INSURANCE 77964 0 0 154660 OFFICE SUPPLIES & EXPENSE 4405 0 0 2216 OTHER ACCRUED EXPENSES 25000 0 0 0 EVENTS AND PROMOTION 3931 0 0 3931 INVESTMENT FEES AND EXPENSE 1143020 778462 493008 0 PASS THROUGH OTHER INV INC. 573247 319990 573247 INSURANCE CLAIM 200000 200000 DEFERRED TAX LIABILITY 297685 212736 ACCTG, HR, TAX, IT & MGMT 376778 187578 142559 190250 OTHER PROFESSIONAL FEES 9215 0 0 9215 EXCISE TAX ON INVESTMENT INCOME 65051 0 0 150000 FILING FEES 325 0 0 325