2015-05-26T10:52:09-05:00 2014-08-31 112973036 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2013-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FDNTN INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 DR EMILE L BOULPAEP PRESIDENT 2034854055 2015-05-26 1 RICHARD BROWN P01219038 5163388700 2015-05-26 X 2013 2016-02-25 16:41:14Z DR EMILE L BOULPAEP 96 POND MEADOW ROAD KILLINGWORTH CT 06419 14517033 0 X WWW.BAEF.BE X 1920 DE GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. 15 15 0 1 0 0 2622820 2231305 370528 253541 4584216 5003400 42666 21402 7620230 7509648 3058161 2546680 0 0 82252 84463 0 0 110016 535451 630846 3675864 3261989 3944366 4247659 90598179 104599117 250389 259793 90347790 104339324 THE BAEF IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM 0 0 2664894 2529145 GRADUATE FELLOWSHIP PROGRAM 18483 17535 INSTITUTIONAL GRANTS, PRIZES AND AWARDS 2683377 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 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2 0 0 0 1 BE 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 0 0 1 0 CT X RICHARD B BROWN 5163388700 80 CROSSWAYS PARK DRIVE WEST 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 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 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 DIRECTOR 0.00 X 0 0 0 WILLIAM F MOODY VICE-PRESIDENT,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 0 0 0 0 0 0 0 GRIFFIN ASSET MANAGEMENT 60 EAST 42ND STREET NEW YORK NY 10165 INVESTMENT ADVISORY SERVICES 342141 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11747 ACCOUNTING AND TAX SERVICES 164865 2 1999159 192699 39447 2231305 FELLOWSHIP REPAYMENTS 900099 253541 253541 253541 2152345 2152345 9858440 7007385 2851055 2851055 2851055 FRIENDS OF BAEF NET INCOME 900099 20954 20954 MISCELLANEOUS 900099 448 448 21402 7509648 3125998 0 2152345 2529145 2529145 17535 17535 71439 25004 23575 22860 13024 4558 4298 4168 166081 58128 54807 53146 342141 342141 4889 1711 1614 1564 8446 2956 2787 2703 18931 6626 6247 6058 4585 1605 1513 1467 4213 1475 1390 1348 3359 1176 1108 1075 535 187 177 171 RESULTS OF FOREIGN EXCH 32629 11420 10768 10441 GRADUATE FELLOWSHIP EXP 16366 16366 ANNUAL AUDIT 13000 13000 TELEPHONE AND INTERNET 9413 3295 3106 3012 6258 2190 2065 2003 3261989 2683377 468596 110016 146492 19057 1490818 1644246 269365 190984 331996 44274 291081 287722 82468067 95285132 5561646 6747187 370710 424789 90598179 104599117 250389 259793 250389 259793 X 88867544 103010599 1480246 1328725 90347790 104339324 90598179 104599117 4247659 9743875 0 X X 0 1 X 0 0 X 1736842 1854023 2445267 2993348 2484846 11514326 1736842 1854023 2445267 2993348 2484846 11514326 4482213 7032113 1383289 1542221 1663582 1785377 2152345 8526814 253 253 20041393 0.35090 0.32690 X THE FOUNDATION ACTIVELY AND CONTINUALLY WORKS WITH MEMBERS, ALUMNI, CORPORATE SPONSORS AND EDUCATIONAL INSTITUTIONS IN BELGIUM AND THE US TO ATTRACT SUPPORT FOR ITS FELLOWSHIP PROGRAM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 0 6072127 863926 995833 231295 7700591 4582902 1114650 515110 140535 6072127 4000337 110000 583650 111085 4582902 3680547 20000 416260 116470 4000337 3308492 20000 89980 147695 3680547 1.00000 0 0 37544 37544 0 250000 44452 44274 250178 287722 32 SHARES -BERKSHIRE HATHAWAY (BRK-A) 6588160 F FRIENDS OF BAEF FUND @ KBF 159027 F 6747187 17062903 9743875 -342141 9401734 7661169 -151521 -151521 7509648 2919848 0 2919848 342141 342141 3261989 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 -342,141. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET INCREASE IN TEMPORARILY RESTRICTED NET ASSETS -151,521. 0 BELGIUM 1 ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS 1 0 0 0 1 0 0 0 0 FELLOWSHIPS BELGIUM 8 180638 CHECKS ALUMNI AWARD BELGIUM 1 6655 WIRE TRANSFER KAREL VINCK AWARD BELGIUM 1 10010 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 2348507 PART I, LINE 2: FELLOWSHIP PROGRAM CONTAINS STIPENDS TO 32 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAMS AT VARIOUS US UNIVERSITIES TOTALLING $400,000 AND TUITION PAYMENTS TOTALLING $889,729 THE FOUNDATION ALSO FUNDS RESEARCH FELLOWSHIPS IN THE US FOR 36 INDIVIDUALS TOTALLING $1,058,778 IN STIPENDS AND HEALTH INSURANCE PREMIUMS. CHEVALIER EMILE L BOULPAEP MD BOARD MEMBER OF SUPPORTING DONOR ENTITIES DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION BRUSSELS,FRANCQUI FOUNDATION,HOOVER FOUNDATION LOUVAIN/LEUVEN, KING BAUDOUIN FOUNDATION 0 BARON DANIEL JANSSEN BOARD MEMBER OF SUPPORTING DONOR ENTITIES DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION, KING BAUDOUIN FOUNDATION FRIENDS OF BAEF FUND 0 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 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 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 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.