2018-05-24T12:44:00-05:00 2017-08-31 112973036 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2016-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FDNTN INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 Dr EMILE L BOULPAEP PRESIDENT 2034854055 2018-05-23 1 RICHARD BROWN P01219038 5163388700 2018-05-17 X 2016 2022-09-23 18:48:47Z Dr EMILE L BOULPAEP 96 pond meadow road killingworth CT 06419 17380839 0 X www.baef.be X 1920 DE GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. 15 15 0 0 0 0 2093579 2742605 216845 226954 7436866 4837902 7445 90805 9754735 7898266 3314921 3417997 0 0 113983 127864 0 0 109047 612958 685372 4041862 4231233 5712873 3667033 114739502 125626552 398771 396026 114340731 125230526 the baef is engaged in fostering the higher education of deserving belgians and americans through its exchange fellowship program 0 0 3066808 2956182 226954 GRADUATE FELLOWSHIP PROGRAM- FOR FISCAL YEAR ENDED AUGUST 31, 2017 THE FOUNDATION AWARDED A TOTAL OF 72 PAID FELLOWSHIPS CONSSISTING OF $2,195,000 IN STIPENDS AND $766,483.42 IN TUITION AND FEES FOR GRADUATE STUDY AND POSTDOCTORAL RESEARCH IN THE U.S AND BELGIUM. 479097 461815 INSTITUTIONAL GRANTS, PRIZES AND AWARDS 3545905 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 1 BE 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 0 0 1 0 CT X R BROWN 5163388700 80 CROSSWAYS PK DR W woodbury NY 11797 X DR maryan ainsworth DIRECTOR 0.00 X 0 0 0 Chevalier emile l boulpaep chairman, pres. & director 20.00 X X 0 0 0 COMTE DIEGO DU MONCEAU DE BERGENDAL DIRECTOR 0.00 X 0 0 0 mrs susan friberg DIRECTOR 0.00 X 0 0 0 MR FILIP MOERMAN DIRECTOR 0.00 X 0 0 0 BARON DANIEL JANSSEN DIRECTOR 0.00 X 0 0 0 Lgilles sion esq secretary, director 0.00 X X 0 0 0 dirk wauters DIRECTOR 0.00 X 0 0 0 PROFESSOR JACQUES WILLEMS DIRECTOR 0.00 X 0 0 0 prof dr marcel crochet VICE-PRESIDENT, DIRECTOR 0.00 X 0 0 0 william f moody DIRECTOR 0.00 X X 0 0 0 margaret hoover director 0.00 X 0 0 0 mr olivier trouveroy director,treasurer 0.00 X X 0 0 0 BARON FRANS VAN DAELE DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 GRIFFIN ASSET MANAGEMENT 230 PARK AVENUE 1TH FL SUITE 61 NEW YORK NY 10169 INVESTMENT ADVISORY SERVICES 390875 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK WEST WOODBURY NY 11797 ACCOUNTING SERVICES 155423 2 52005 2690600 2742605 fellowship repayments 900099 226954 226954 226954 2784121 2784121 11536354 9482573 2053781 2053781 2053781 FOREIGN EXCHANGE GAINS 900099 75527 75527 FRIENDS OF BAEF NET INCOME 900099 14965 14965 MISCELLANEOUS 900099 313 313 90805 7898266 226954 0 4928707 450000 450000 2693455 2693455 274542 274542 119747 41911 39517 38319 8117 2841 2679 2597 156436 54753 51624 50059 390875 390875 6687 2340 2207 2140 4083 1429 1347 1307 17098 5984 5642 5472 6163 2157 2034 1972 6378 2232 2105 2041 6836 2393 2256 2187 CENTENNIAL ARCHIVAL RES 55569 55569 ANNUAL AUDIT 17380 17380 GRADUATE FELLOWSHIP EXP 8637 8637 telephone and internet 3893 1362 1285 1246 5337 1869 1761 1707 4231233 3545905 576281 109047 20075 1212489 1489359 992990 238853 334703 81996 44451 37545 37545 105732963 114770842 6478272 7495114 742435 782869 114739502 125626552 398771 396026 398771 396026 X 113108564 123569648 1232167 1660878 114340731 125230526 114739502 125626552 X 3667033 7222763 -1 X X 0 1 X 0 0 X 2993348 2484846 2386626 2093579 2742605 12701004 2993348 2484846 2386626 2093579 2742605 12701004 599497 12101507 1785377 2152345 2339603 2628090 2784121 11689536 391838 274943 301395 224290 317446 1509912 25900452 0.46720 0.33350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 0 11362733 59990 1182855 372150 12233428 10381318 106720 1208385 333240 11362733 7700591 3151060 -167875 302460 10381318 6072127 863926 995833 231295 7700591 4582902 1114650 515110 140535 6072127 1.00000 0 0 37545 37545 44451 44451 0 37545 BERKSHIRE HATHAWAY 7329150 F FRIENDS OF BAEF FUND @ KBF 165964 F 7495114 14730153 7222763 -390875 6831888 7898265 1 1 7898266 3840358 0 3840358 390875 390875 4231233 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 -390,875. Part XI, Line 4b - Other Adjustments: ROUNDING ADJUSTMENT 1. 1 BELGIUM 1 1 Administration of the fellowship program, fundraising and logistic support FOR FELLOWS 167607 1 1 0 0 1 1 167607 0 167607 FELLOWSHIPS BELGIUM 9 262727 CHECKS ALUMNI AWARD BELGIUM 1 11815 WIRE TRANSFER 0 0 0 0 0 0 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. 1 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 200000 DONATION-MARY ROWE FUND FOR CONFLICT RESOLUTION MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 200000 DONATION-MARY ROW FUND FOR CONFLICT RESOLUTION MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 50000 DONATION-MARTIN TRUST CENTER FOR MIT ENTREPRENEURSHIP 1 fellowships 62 2693454 PART I LINE 2 ALL BAEF FELLOWS COMING TO THE U.S. FOR STUDY OR DOCTORAL RESEARCH RECEIVE THEIR VISA APPROVAL THROUGH THEIR HOST INSTITUTIONS. THE BAEF OFFICE IN NEW HAVEN MONITORS THE FELLOWS THROUGH STIPEND CHECK PAYMENTS TO THE FELLOWS AND TUITION AND FEES 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 PRGRAM IN THE U.S. INCLUDED 22 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAM AT VARIOUS U.S. UNIVERSITIES TOTALLING $296,000 IN STIPEND PAYMENTS AND $730,955 IN TUITION AND FEES. THE FOUNDATION ALSO FUNDED RESEARCH FELLOWSHIPS IN THE U.S FOR 40 INDIVDUALS TOTALLING $1,666,500 IN STIPENDS AND HEALTH INSURANCE FEES. 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. A 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 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 XI, line 9: rounding adjustment -1. 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.