2025-11-14T17:10:14-06:00 2024-12-31 911194016 CLARK NUBER PS 555 110TH AVE NE SUITE 700 BELLEVUE WA 98004 990PF 2024-01-01 954664939 THE BROAD ART FOUNDATION BROA 3109545026 300 SOUTH GRAND AVENUE 1800 LOS ANGELES CA 90071 JULIE BAKER TRUSTEE 3109545026 2025-11-13 1 0 JENNIFER BECKER HARRIS P00183358 4254544919 2025-11-13 2024 2025-03-06 01:10:19Z X 1878042724 X 32000000 999941 584085 999941 1722096 3717834 1722096 12596554 2406632 0 0 105000 51 29303 51 47318642 4331222 2827088 0 0 0 0 28 0 0 5617 14250 0 0 14250 86687 43344 43344 37744 905589 156962 156962 748391 223341 2795 0 100800 4417 0 0 4417 851239 299960 2002 807786 2085551 503061 202308 1719005 5110583 5110583 7196134 503061 202308 6829588 40122508 3828161 2624780 58943 74422 74422 30497885 31749674 31749674 4515058 151698 4515058 4515058 5311937 5312106 5312106 12112065 14232374 14232374 72093881 103241088 103241088 616972643 627167664 1718918002 737199052 786292386 1878042724 70364 102738 209703 332244 280067 434982 X 736918985 785857404 736918985 785857404 737199052 786292386 736918985 40122508 8815911 785857404 0 785857404 CAPITAL GAIN DISTRIBUTIONS P 1227175 1227175 1227175 PASS THROUGH INVESTMENTS P 2585609 5558066 -2972457 -2972457 SALE OF ART P 11900000 19000000 -7100000 -7100000 ALTERNATIVE INVESTMENTS (LONG TERM) P 1179457 14420 1165037 1165037 DISTRIBUTIONS IN EXCESS OF BASIS P 147868 147868 147868 -7532377 0 53211 0 53211 0 53211 154972 0 0 0 154972 X 0 101761 101761 0 0 0 0 0 0 0 0 0 0 0 1 1 CA 1 1 0 0 0 1 N/A JULIE BAKER FOFS 3109545026 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 EDYTHE BROAD 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 JOANNE HEYLER 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 FOUNDING DIRECTOR 16.00 320000 21902 0 GERUN RILEY 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 JULIE BAKER 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 PETER ADAMSON 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 TRUSTEE 2.00 0 0 0 NONE 0 THE BROAD 221 S GRAND AVE LOS ANGELES CA 90012 PROGRAM-RELATED SERVICES 600000 FAMILY OFFICE INVESTMENT SERVICES LLC 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 INVESTMENT MGT 151481 FAMILY OFFICE FINANCIAL SERVICES 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 ACCTG, TAX, TECHNOLOGY & HR 148391 ERNST & YOUNG LLP 200 PLAZA DRIVE SECAUCUS NJ 07094 ACCOUNTING AND FINANCE 59554 0 ART ACQUISITION FOR LOAN PROGRAM 11395000 ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES) 1719005 0 13275521 44704810 90252073 148232404 0 0 148232404 2223486 146008918 7300446 X 6829588 0 11395000 18224588 1998-04-30 X 2624780 1743717 782791 49500 5200788 2231063 1482159 665372 42075 4420670 18224588 40507982 58119555 18470353 135322478 5110583 12082083 12180000 12087500 41460166 13114005 28425899 45939555 6382853 93862312 0 0 4866964 3465974 4423457 2995195 15751590 0 0 0 0 X CREATIVE TIME INC 59 E 4TH STREET 6TH FLOOR NEW YORK NY 10003 PC GENERAL SUPPORT 15000 HAMMER MUSEUM 10899 WILSHIRE BLVD LOS ANGELES CA 90024 PC GENERAL SUPPORT 48500 MUSEUM OF CONTEMPORARY ART 250 S GRAND AVE LOS ANGELES CA 90012 PC GENERAL SUPPORT 47083 THE BROAD 221 S GRAND AVENUE LOS ANGELES CA 90012 POF OPERATING SUPPORT 5000000 5110583 0 14 999941 14 1722096 15 51 18 12596554 0 15318642 0 15318642 0 0 0 0 0 0 0 0 0 0 X X 1 THE ELI AND EDYTHE BROAD FOUNDATION 300 SOUTH GRAND AVENUE SUITE 1800 LOS ANGELES CA 90071 32000000 X ACCOUNTING FEES 86687 43344 43344 37744 THE BROAD 221 S GRAND AVE LOS ANGELES CA 90012 2023-12-31 12000000 OPERATING SUPPORT 12000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 07/02/24 (FINAL) THE BROAD 221 S GRAND AVE LOS ANGELES CA 90012 2024-12-31 5000000 OPERATING SUPPORT 5000000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 8/22/25 ART PRACTICE 3401 W 43RD PLACE LOS ANGELES CA 90008 2023-12-31 10000 GENERAL SUPPORT 10000 TO OUR KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED 08/13/24 (FINAL) 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 APRIL 30, 1998, 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 FORTIETH 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 2024, THE FOUNDATION BROADENED ITS HOLDINGS OF SEVERAL KEY ARTISTS, INCLUDING MARK BRADFORD, JEFFREY GIBSON, LAURA OWENS, MARTIN PURYEAR, DANA SCHUTZ, CAULEEN SMITH, MARTIN WONG AND JONAS WOOD. THE NUMBER OF WORKS IN THE COLLECTION TOTALS 1,534.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 FIRSTHAND, 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 2024, IN ADDITION TO THE BROAD, 18 PUBLIC VENUES AVAILED THEMSELVES OF 36 FOUNDATION LOANS. AMONG THE MAJOR MUSEUMS AND ARTS INSTITUTIONS BORROWING FROM THE FOUNDATION WERE: SAN FRANCISCO MUSEUM OF MODERN ART, CINCINNATI ART MUSEUM, DALLAS MUSEUM OF ART, MILWAUKEE ART MUSEUM, THE PULITZER ARTS FOUNDATION, MUSEO JUMEX AND PALAZZO GRASSI. FORM 990PF, PART VII-B, LINE 1A(3) STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIREDPART VII-B, LINE 1A(3)THERE ARE DISQUALIFIED PERSONS WHO FURNISH THE FOUNDATION WITH IN-KIND SERVICES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C). FORM 990PF, PART VII, LINE 1 AND 3 PER THE FORM INSTRUCTIONS, AN ALLOCATION OF A TRUSTEE SALARY HAS BEEN DISCLOSED ON PART VII, LINE 1 WHICH IS PAID BY THE FOUNDATION TO THE BROAD THROUGH A SERVICES AGREEMENT EFFECTIVE APRIL 1, 2023. THE COMPENSATION IS FOR SERVICES THE TRUSTEE PROVIDES TO THE FOUNDATION SEPARATE FROM THEIR DUTIES AS A TRUSTEE. NO ADJUSTMENTS HAVE BEEN MADE TO THE AMOUNTS ON PART I LINE 13 OR PART VII LINE 3. SPDR GOLD TRUST 2630500 2630500 SANDS GLOBAL GROWTH 11601874 11601874 INTERNATIONAL FIXED INCOME FMV 28148971 28148971 DISTRESSED - PRIVATE EQUITY FMV 6246339 6246339 REAL ESTATE AND HARD ASSETS FMV 787941 787941 SECONDARIES FMV 1038180 1038180 DOMESTIC EQUITY FMV 52019657 52019657 UNSETTLED TRADE FMV 15000000 15000000 LEGAL FEES 14250 0 0 14250 FINE ARTS COLLECTION AND ART LIBRARY 616972643 627167664 1718918002 ART STORAGE 502879 0 0 455091 PAYROLL SERVICE 875 0 0 875 SHIPPING 81462 0 0 72892 INSURANCE 258625 0 0 258794 BANK FEES 2002 2002 2002 0 PASS THROUGH OTHER INVESTMENT EXPENSES 0 297958 0 0 OFFICE EXPENSE 32 0 0 32 POSTAGE & DELIVERY 14 0 0 14 SOFTWARE 5350 0 0 5350 FRAMING 0 0 0 14738 PASS THROUGH OTHER INV INC. 0 29252 0 ROYALTIES 51 51 51 UNREALIZED GAIN/LOSS 8815911 DEFERRED TAX LIABILITY 209703 332244 INVESTMENT MANAGEMENT FEES 156962 156962 156962 0 PROFESSIONAL SERVICE FEES 148627 0 0 148391 PROGRAM-RELATED SERVICE FEES 600000 0 0 600000 EXCISE TAXES 100000 0 0 100000 FOREIGN TAXES 0 2795 0 0 STATE TAXES 800 0 0 800 DEFERRED EXCISE TAXES 122541 0 0 0