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TUNNEY BRIDGE 50000 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 OP FDN GENERAL FUND 10000 ARTTABLE INC 1 EAST 53RD STREET 5TH FLOOR NEW YORK NY 10022 NONE PC GENERAL FUND 5000 BARDO LA 111 HAMLET STREET LOS ANGELES CA 90042 NONE PC TOWARDS EXHIBITION: "WE MUST RISK DELIGHT" 5000 CHARITIES AID FOUNDATION AMERICA 1800 DIAGONAL ROAD ALEXANDRIA VA 223142840 NONE PC EXHIBITION SUPPORT: LEON GOLUB 25000 DIA ART FOUNDATION 535 WEST 22ND STREET NEW YORK NY 10011 NONE PC GENERAL FUND 2640 DOWNTOWN LOS ANGELES ART WALK 411 S MAIN ST STE M 102 LOS ANGELES CA 90013 NONE PC GENERAL FUND 1000 FOUNDATION ART & PRESERVATIONEMBASSIES 1725 I STREET NW SUITE 300 WASHINGTON DC 20006 NONE PC GENERAL FUND 2500 FRICK COLLECTION 10 E 71 STREET NEW YORK NY 10021 NONE PC GENERAL FUND 3000 GRAND PERFORMANCES 350 S GRAND AVE SUITE A-4 LOS ANGELES CA 90071 NONE PC GENERAL FUND 4450 GUILD HALL 158 MAIN STREET EAST HAMPTON NY 11937 NONE PC EXHIBITION SUPPORT: ROY LICHTENSTEIN, BETWEEN SEA AND SKY 5000 HENRY STREET SETTLEMENT 265 HENRY STREET NEW YORK NY 10002 NONE PC GENERAL FUND 900 INNER-CITY ARTS 720 KOHLER STREET LOS ANGELES CA 90021 NONE PUBLIC CHARITY GENERAL FUND 1060 JUDD FOUNDATION 101 SPRING STREET NEW YORK NY 10012 NONE PUBLIC CHARITY SUPPORT TO COMPLETE A CATALOGUE RAISONNE OF DONALD JUDD'S WORK 2500 LOS ANGELES COUNTY MUSEUM OF ART 5905 WILSHIRE BOULEVARD LOS ANGELES CA 90036 NONE PUBLIC CHARITY GENERAL FUND 19576 METROPOLITAN MUSEUM OF ART 1000 5TH AVENUE NEW YORK NY 10028 NONE PUBLIC CHARITY GENERAL FUND 58200 MUSEUM OF CONTEMPORARY ART 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 NONE PUBLIC CHARITY GENERAL FUND 98850 MUSEUM OF CONTEMPORARY ART 250 SOUTH GRAND AVENUE LOS ANGELES CA 90012 NONE PUBLIC CHARITY GENERAL FUND 48850 MUSEUM OF MODERN ART 11 WEST 53 STREET NEW YORK NY 10019 NONE PUBLIC CHARITY GENERAL FUND 150000 NATIONAL GALLERY OF ART 2000B SOUTH CLUB DRIVE LANDOVER MD 20785 NONE PUBLIC CHARITY GENERAL FUND 15000 NEW YORK ACADEMY OF ART 111 FRANKLIN STREET NEW YORK NY 10013 NONE PUBLIC CHARITY GENERAL FUND 1200 PORTLAND ART MUSEUM 1219 SW PARK AVENUE PORTLAND OR 97205 NONE PUBLIC CHARITY SUPPORT FOR EXHIBITIONS PROGRAM 25000 SANTA MONICA MUSEUM OF ART 2525 MICHIGAN AVENUE SANTA MONICA CA 90404 NONE PUBLIC CHARITY GENERAL FUND 5000 SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE 200 PARK AVENUE SOUTH STE 1116 NEW YORK NY 10003 NONE PUBLIC CHARITY GENERAL FUND 1000 TATE AMERICAS FOUNDATION 520 WEST 27TH STREET UNIT 404 NEW YORK NY 100015548 NONE PUBLIC CHARITY GENERAL FUND 7692 TATE AMERICAS FOUNDATION 520 WEST 27TH STREET UNIT 404 NEW YORK NY 100015548 NONE PUBLIC CHARITY GENERAL FUND 7636 THE BROAD 221 S GRAND AVENUE LOS ANGELES CA 90012 NONE OP FDN SUPPORT FOR THE MUSEUM OPENING 3500000 THE BROAD 221 S GRAND AVENUE LOS ANGELES CA 90012 NONE OP FDN TOWARDS OPERATING SUPPORT 12000000 THE INDUSTRY PRODUCTIONS 244 S SAN PEDRO STREET SUITE 304 LOS ANGELES CA 90012 NONE PUBLIC CHARITY EXHIBITION SUPPORT: HOPSCOTCH, A MOBILE OPERA FOR 24 CARS 500 WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE AT 75TH STREET NEW YORK NY 10021 NONE PUBLIC CHARITY TOWARDS WHITNEY FELLOWS PROGRAM 2500 WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE AT 75TH STREET NEW YORK NY 10021 NONE PUBLIC CHARITY EXHIBITION SUPPORT: FRANK STELLA 25000 16212054 0 14 331056 14 4078214 14 384269 18 20909938 0 25703477 0 25703477 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 3600000 X AUDIT FEES 43260 21630 0 21630 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2014-12-15 12000000 OPERATING SUPPORT 12000000 NONE SEPTEMBER 2016 ART PRACTICE 4346 DEGNAN BOULEVARD LOS ANGELES CA 90008 2015-04-09 10000 CONTEMPORARY ART PROGRAMS 10000 NONE JULY 2016 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2015-11-15 8500000 LOAN FOR CONSTRUCTION AND NONRECURRING OPERATING EXPENSES. 8500000 NONE SEPTEMBER 2016 THE BROAD 2121 AVENUE OF THE STARS SUITE 3000 LOS ANGELES CA 90067 2015-07-15 3500000 NON-RECURRING OPERATING EXPENSES RELATED TO THE OPENING OF THE MUSEUM 3500000 NONE SEPTEMBER 2016 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-SECOND 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 2015, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING ROBERT LONGO, NEO RAUCH, GEORGE CONDO, ANDREAS GURSKY, MARK GROTJAHN, TAKASHI MURAKAMI, LUC TUYMANS, JOHN CURRIN, DOUG AITKEN, STERLING RUBY, JOHN BALDESSARI, CY TWOMBLY, CHRISTOPHER WOOL, JEFF KOONS, AND JULIE MEHRETU. ADDITIONALLY, THE FOUNDATION INTRODUCED TAUBA AUERBACH, ALEX ISRAEL, ELLA KRUGLYANSKAYA, JORDAN WOLFSON, AND JONAS WOOD TO THE COLLECTION. THE NUMBER OF WORKS IN THE COLLECTION NOW TOTALS 1,513. 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 AND THEREBY ENHANCED THE FOUNDATION'S LENDING PROGRAM. 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 2015, IN ADDITION TO THE BROAD, 15 PUBLIC VENUES AVAILED THEMSELVES OF 22 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: ART GALLERY OF ONTARIO, TORONTO, CANADA; CENTRE GEORGES POMPIDOU, MUS E NATIONAL D'ART MODERNE, PARIS, FRANCE; FLORENCE GRISWOLD MUSEUM, OLD LYME, CONNECTICUT; FRIST CENTER FOR THE VISUAL ARTS, NASHVILLE, TENNESSEE; GAGOSIAN GALLERY, NEW YORK, NEW YORK; GALLERIA CIVICA D'ARTE MODERNA E CONTEMPORANEA, TORINO, ITALY; GUGGENHEIM MUSEUM, BILBAO, BILBAO, SPAIN; KUNSTHAUS Z RICH, Z RICH, SWITZERLAND; MODERN ART MUSEUM OF FORT WORTH, FORT WORTH, TEXAS; MUSEO RUFINO TAMAYO, MEXICO CITY, MEXICO; NEVADA MUSEUM OF ART, RENO, NEVADA; PIVOT ART + CULTURE/VULCAN INC, SEATTLE, WASHINGTON; SERPENTINE GALLERY, LONDON, ENGLAND; THE BRANT FOUNDATION ART STUDY CENTER, GREENWICH, CONNECTICUT; AND THE HUNTINGTON LIBRARY, ART COLLECTIONS, AND BOTANICAL GARDENS, SAN MARINO, CALIFORNIA. WITHIN THE BROAD'S OWN GALLERIES, 197 WORKS FROM THE COLLECTION OF THE BROAD ART FOUNDATION WERE ON VIEW TO THE PUBLIC. INTERNATIONAL FIXED INCOME FMV 8962867 8962867 INTERNATIONAL EQUITY FMV 13488765 13488765 HEDGE FUNDS FMV 22332399 22332399 LBO FUNDS FMV 3883607 3883607 DISTRESSED - PRIVATE EQUITY FMV 20437832 20437832 REAL ESTATE AND HARD ASSETS FMV 3260313 3260313 VENTURE CAPITAL FMV 12975050 12975050 SECONDARIES FMV 7145460 7145460 DERIVITIVES FMV 24388 24388 LAND 0 0 BUILDING 0 0 IMPROVEMENTS 48373 13820 34553 34553 FURNITURE AND FIXTURES 17651 5044 12607 12607 COMPUTERS & EQUIPMENT 2810 1028 1782 1782 SOFTWARE 0 0 CONSTRUCTION IN PROGRESS 0 0 LEGAL FEES 15704 0 0 15704 CURRENT ASSETS - ART 8100000 9500000 9500000 FINE ARTS COLLECTION AND ART LIBRARY 420460120 446554820 966600000 PROGRAM RELATED INVESTMENT 0 8500000 8500000 UNREALIZED LOSS 18884973 PRIOR PERIOD ADJUSTMENT 29 DIRECT ART PROGRAM EXPENSE 671994 0 0 671994 INSURANCE 161250 0 0 161250 OFFICE SUPPLIES & EXPENSE 51721 0 0 51710 MEDIA 2846 0 0 2846 EVENTS AND PROMOTION 12101 0 0 12101 INVESTMENT FEES AND EXPENSE 3145047 648696 451916 0 PASS THROUGH OTHER INV INC. 384269 543816 413700 DEFERRED TAX LIABILITY 278835 297685 ACCTG AND ADMIN MGMT 611966 245451 245451 305640 OTHER PROFESSIONAL FEES 15995 0 0 15995 RESEARCH & COLLECT MGMT 227293 0 0 227293 TECHNOLOGY 31418 0 0 31418 PUBLIC RELATIONS 284730 0 0 319730 EXCISE TAX ON INVESTMENT INCOME 318850 0 0 300000 FILING FEES 235 0 0 235