2017-05-24T17:08:42-05:00 2016-08-31 112973036 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2015-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FDNTN INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 Dr EMILE L BOULPAEP PRESIDENT 2034854055 2017-05-22 1 RICHARD BROWN P01219038 5163388700 2017-05-22 X 2015 2021-01-29 14:40:06Z Dr EMILE L BOULPAEP 96 pond meadow road killingworth CT 06419 18955596 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 4945476 2093579 277150 216845 5976209 7436866 0 7445 11198835 9754735 3112836 3314921 0 0 73432 113983 0 0 106361 645900 612958 3832168 4041862 7366667 5712873 104188882 114739502 300427 398771 103888455 114340731 the baef is engaged in fostering the higher education of deserving belgians and americans through its exchange fellowship program For fiscal year ended August 31, 2016 0 0 3425141 3298932 GRADUATE FELLOWSHIP PROGRAM. FOR FISCAL YEAR ENDED AUGUST 31,2016 THE FOUNDATION AWARDED 79 GRADUATE AND POSTGRADUATE FELLOWSHIPS TOTALING $3,298,932. 16520 15989 INSTITUTIONAL GRANTS, PRIZES AND AWARDS 3441661 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 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 1 1 0 CT X R BROWN 5163388700 80 CROSSWAYS PK DR W woodbury NY 11797 X DR maryan ainsworth DIRECTOR 1.00 X 0 0 0 Chevalier emile l boulpaep chairman, pres. & director 20.00 X X 0 0 0 mr jacques de groote DIRECTOR 0.00 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 LUC COENE DIRECTOR 0.00 X 0 0 0 MR FILIP MOERMAN DIRECTOR 0.00 X 0 0 0 BARON DANIEL JANSSEN DIRECTOR 1.00 X 0 0 0 Lgilles sion esq secretary, director 0.50 X X 0 0 0 dirk wauters DIRECTOR 1.00 X 0 0 0 PROFESSOR JACQUES WILLEMS DIRECTOR 0.00 X 0 0 0 prof dr marcel crochet director 2.00 X 0 0 0 william f moody vice-president,director 0.50 X X 0 0 0 margaret hoover director 0.50 X 0 0 0 mr olivier trouveroy director,treasurer 0.50 X X 0 0 0 0 0 0 0 0 0 0 GRIFFIN ASSETS MANAGEMENT 230 PARK AVENUE 32ND FLOOR NEW YORK NY 10169 INVESTMENT ADVISORY SERVICES 369147 SHALIK MORRIS AND COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 ACCOUNTING AND TAX SERVICES 158906 2 1918190 38800 136589 2093579 fellowship repayments 900099 216845 216845 216845 2628090 2628090 14009637 9200861 4808776 4808776 4808776 FRIENDS OF BAEF NET INCOME 900099 7075 7075 MISCELLANEOUS 900099 370 370 7445 9754735 7661156 0 0 3023895 3023895 291026 291026 102840 35994 33937 32909 11143 3900 3677 3566 159875 55956 52759 51160 369147 369147 3025 1059 998 968 5989 2096 1976 1917 17550 6143 5792 5615 3128 1095 1032 1001 4420 1547 1459 1414 6856 2400 2262 2194 ANNUAL AUDIT 15000 15000 GRADUATE FELLOWSHIP EXP 10404 10404 telephone and internet 9169 3209 3026 2934 results of foreign exch 3820 1337 1261 1222 4575 1600 1514 1461 4041862 3441661 493840 106361 84445 20075 1550497 1489359 189306 238853 331996 44451 287545 287545 95383551 105732963 6243487 6478272 450051 492435 104188882 114739502 300427 398771 300427 398771 X 102728535 113108564 1159920 1232167 103888455 114340731 104188882 114739502 X 5712873 4739402 1 X X 0 1 X 0 0 X 2445267 2993348 2484846 2386626 2093579 12403666 2445267 2993348 2484846 2386626 2093579 12403666 2278560 10125106 1663582 1785377 2152345 2339603 2628090 10568997 22972663 0.44070 0.32740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 X 0 10381318 106270 1208385 333240 11362733 7700593 3151060 -167875 302460 10381318 6072127 863926 995833 231295 7700591 4582902 1114650 515110 140535 6072127 4000337 110000 583650 111085 4582902 1.00000 0 0 37545 37545 44451 44451 0 250000 250000 287545 BERKSHIRE HATHAWAY-BRK-A 6321280 F FRIENDS OF BAEF FUND @ KBF 156992 F 6478272 14052744 4739402 4739402 9313342 369147 72247 441394 9754736 3672715 0 3672715 369147 369147 4041862 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 4b - Other Adjustments: NET INCREASE IN TEMPORARILY RESTRICTED NET ASSETS 72,247. 1 BELGIUM 1 1 Administration of the fellowship program, fundraising and logistic support 312017 1 1 0 0 1 1 312017 0 312017 FUNDRAISED GRANT FELLOWSHIPS BELGIUM 11 271000 CHECKS ALUMNI AWARD BELGIUM 11065 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 goverment 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 fellowships 68 3023895 Part I, Line 2: ALL BAEF FELLOWS COMING TO THE U.S. FOR STUDY AND/ OR RESEARCH RECEIVE THEIR VISA APPROVAL THROUGH THEIR HOST INSTITUTIONS IN THE U.S. THE BAEF OFFICE IN THE U.S MONITORS THE FELLOWS THROUGH CHECK PAYMENTS TO THEM AND THEIR HOST INSTITUTIONS DURING THEIR FELLOWSHIP. IN ADDITION WE RECEIVE NOTICE OF ARRIVAL INFORMATION IN THE U.S BEFORE WE BEGIN MAKING STIPEND PAYMENTS AND A REPORT FROM FELLOW AFTER COMPLETION OF FELLOWSHIP. PART III FELLOWSHIP PROGRAM CONTAINS STIPENDS TO 26 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAM AT VARIOUS U.S. UNIVERSITIES TOTALLING $304,000 IN STIPENDS AND TUITION PAYMENTS TOTALLING $932,270. THE FOUNDATION ALSO FUNDS RESEARCH FELLOWSHIPS IN THE U.S. FOR 42 INDIVIDUALS TOTALLING $1,787,625 IN STIPENDS AND HEALTH INSURANCE. chevalier emile l boulpaep md board member of supporting donor entities 0 baron daniel janssen board member of supporting donor entities 0 PART IV SCH L PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:(A) NAME OF PERSON: CHEVALIER EMILE L. BOULPAEP, MD(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:(C) BOARD MEMBER OF SUPPORTING DONOR ENTITIES(D) DESCRIPTION OF TRANSACTION DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM HOOVER FOUNDATION BRUSSELS, FRANCQUI FOUNDATION, HOOVER FOUNDATION LOUVAIN/LEUVEN AND KING BOUDOUIN FOUNDATION FUNDS(A) NAME OF PERSON: BARON DANIEL JANSSEN(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:(C) BOARD MEMBER OF SUPPORTING DONOR ENTITIES(D) DESCRIPTION OF TRANSACTION DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: HOOVER FOUNDATION BRUSSELS AND KING BOUDOUIN FOUNDATION, FRIENDS OF BAEF FUND 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. 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 11 990 is reviewed and approved by president and chairman before filing. Form 990, Part VI, Section B, line 12c the board of directors meet three times annually at which time any matters affecting conflicts of interest are disclosed and discussed. Form 990, Part VI, Section B, line 15 annual fiscal 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.