Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
THE BIKUBENFOUNDATION NEW YORK INC
 
% IRENE KRARUP
Number and street (or P.O. box number if mail is not delivered to street address)36 West 74th StreetSuiteRoom/suite
City or town, state, and ZIP code
NEW YORK, NY10023
A Employer identification number

58-2680849
B Telephone number (see instructions)

(212) 866-0132
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$18,321,213J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments 777    
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 61,758   61,758
12 Total. Add lines 1 through 11........ 62,535 0 61,758
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,167      
14 Other employee salaries and wages...... 47,000   47,000  
15 Pension plans, employee benefits....... 3,246   3,246  
16a Legal fees (attach schedule)......... Click to see attachment 2,458 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment 32,671 0 11,375 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 5,246      
19 Depreciation (attach schedule) and depletion... Click to see attachment 449,859    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,561   5,561  
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment -5,424   -5,424  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 552,784 0 61,758 0
25 Contributions, gifts, grants paid........ 171,675 171,675
26 Total expenses and disbursements. Add lines 24 and 25 724,459 0 61,758 171,675
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -661,924
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 1,603,764 1,388,323 1,388,323
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 231    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet19,159,969
Less: accumulated depreciation (attach schedule) bullet2,239,032 17,369,891 Click to see attachment16,920,937 16,920,937
15 Other assets (describe bullet) Click to see attachment11,395 Click to see attachment11,953 Click to see attachment11,953
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,985,281 18,321,213 18,321,213
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons 19,178,788 19,178,788
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,146  
23 Total liabilities (add lines 17 through 22).......... 19,180,934 19,178,788
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... -195,653 -857,575
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... -195,653 -857,575
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 18,985,281 18,321,213
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 -195,653
2 Enter amount from Part I, line 27a..................... 2 -661,924
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 2
4 Add lines 1, 2, and 3.......................... 4 -857,575
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 -857,575
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 169,219 0 0.0
2010 211,203 0 0.0
2009 697,171 0 0.0
2008 858,616 0 0.0
2007 2,375,828 0 0.0
2 Total of line 1, column (d) ...................... 2 0.0
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.0
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 0
5 Multiply line 4 by line 3....................... 5 0
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 0
8 Enter qualifying distributions from Part XII, line 4.............. 8 189,159
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, NY
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.bikubenfonden.dk
    14
    The books are in care ofbulletIRENE KRARUP Telephone no.bullet (212) 866-0132
    Located atbullet36 WEST 74TH STREETNEW YORKNY ZIP+4bullet10023
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    IRENE KRARUPClick to see attachment VP/dir - treas wef 11/9/2011
    5.0     		12,167 0 0
    36 West 74th Street
    NEW YORK,NY10023
    SOEREN KAARE-ANDERSENClick to see attachment DIRECTOR / pres WEF 11/9/2011
    1.0     		0 0 0
    FIOLSTRAEDE 44 3
    COPENHAGEN K   1171
    DA
    PETER HOEJLANDClick to see attachment DIR/SEC WEF 11/9/2011
    1.0     		0 0 0
    FIOLSTRAEDE 44 3
    COPENHAGEN K   1171
    DA
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION'S SOLE ACTIVITY IS TO OWN AND OPERATE AN ACADEMIC GUEST HOUSE MAINLY FOR GRADUATE STUDENTS FROM DENMARK INCLUDING ACCOMODATION IN NEW YORK. 724,459
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 ACADEMIC GUEST HOUSE - ASSET REPLACEMENT EXPENSED 10,516
    2 ACADEMIC GUEST HOUSE - ASSET ADDITIONS 6,968
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet17,484
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    0
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    0
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    0
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    0
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    0
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    171,675
    b
    Program-related investments—total from Part IX-B..................
    1b
    17,484
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    189,159
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    189,159
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 2009, 2008 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 2,375,828
    b From 2008....... 858,616
    c From 2009....... 697,171
    d From 2010....... 211,203
    e From 2011....... 169,219
    fTotal of lines 3a through e......... 4,312,037
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 189,159
    a Applied to 2011, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 0
    e Remaining amount distributed out of corpus 189,159
    5 Excess distributions carryover applied to 2012. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,501,196
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		2,375,828
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		2,125,368
    10 Analysis of line 9:
    a Excess from 2008.... 858,616
    b Excess from 2009.... 697,171
    c Excess from 2010.... 211,203
    d Excess from 2011.... 169,219
    e Excess from 2012.... 189,159
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    MATTI BEKKEVOLD
    C/O BIKUBENFONDEN FIOLSTRAEDE 44
    COPENHAGEN,NONE1171
    DA
    (453) 377-9385
    bThe form in which applications should be submitted and information and materials they should include:
    ACADEMIC GUEST HOUSE - BIKUBEN SCHOLAR PROGRAM: THE APPLICATION DEADLINE AND GUIDELINES ARE ADVERTISED ONCE ANNUALLY IN THREE OR FOUR LARGER NEWSPAPERS AND STUDENT PUBLICATIONS. THE APPLICANTS FILL OUT A LENGTHY APPLICATION FORM WITH INFORMATION ON CURRENT STUDIES AND GRADES, AFFILIATION WITH US EDUCATIONAL INSTITUTION, VISA SITUATION, BUDGET FOR THE STAY IN NEW YORK, AND FUTURE ACADEMIC PLANS. THE APPLICANTS ARE REQUESTED TO ATTACH A LETTER OF ACCEPTANCE FROM THE RECEIVING INSTITUTION IN NEW YORK PLUS TWO LETTERS OF RECOMMENDATION. THE APPLICATIONS ARE EVALUATED BY A SELECTION COMMITTEE OVER TWO DAYS BASED ON THEIR ACADEMIC MERITS AND QUALITIES.
    cAny submission deadlines:
    ACADEMIC GUEST HOUSE - BIKUBEN SCHOLAR PROGRAM: FOR 2011 THE DEADLINE WAS JUNE 15, 2011 FOR THE SPRI
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ACADEMIC GUEST HOUSE - BIKUBEN SCHOLAR PROGRAM: THE STUDENT RESIDENTS ARE PROVIDED WITH A COMBINED BEDROOM / WORK ROOM WITH ACCESS TO COMMON KITCHEN AND BATH. THEY CANNOT STAY AT THE ACADEMIC GUEST HOUSE MORE THAN 2 TO 3 SEMESTERS. THE ACADEMIC GUESTHOUSE HAS A STRICT GUEST POLICY THAT ONLY ALLOWS SHORT TERM VISIT BY GRANTEE'S PARTNERS OR SPOUSES. A LIST OF MANDATORY HOUSE RULES IS SET FORTH TO LIMIT NON-ACADEMIC ACTIVITIES. GRANTEES ARE OBLIGATED TO ATTEND ALL COMMON ACADEMIC PROGRAMMING AND COMMUNITY OUTREACH ACTIVITIES. THEY ALSO HAVE TO MAKE THEMSELVES AVAILABLE FOR COMMON PRACTICAL TASKS CONNECTED WITH THE DAILY LIFE IN THE HOUSE.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Alberte Nilausen
    Hegnet 15
    Holbaek   4300
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies with the Alvin Ailey American Dance Theater. 3,600
    Anna Gaarde
    Taskebjergvej 8
    Kjellerup   8620
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's Institute for the Study of Human Rights in pursuit of a Master's degree. 4,800
    Ditte-Marie Jakobsen
    Rosenvaengets Alle 38 2 Sal
    Copenhagen O   2100
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Documentary Studies in pursuit of a certificate in documentary filmmaking. 4,000
    Eldina Jaganjac
    Fortuna Alle 51
    Esbjerg O   6705
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at New York University's Tisch School of the Arts in pursuit of a Master of Fine Arts degree. 3,600
    Jon Rahbek-Clemmensen
    Tuborg Havnepark 22 2tv
    Hellerup   2900
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes research as a visiting scholar at Columbia University's Department of Political Science. 4,000
    Lars Emil Lamm Nielsen
    Brobyvej 15
    Odense N   5270
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies in Robotics Technology at Columbia University. 8,550
    Mads Jeppe Hansen
    Strandgade 1002
    Copenhagen N   1401
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the Pratt Institute's Department of Industrial Design in pursuit of a Master's degree. 8,950
    Nynne Just Christoffersen
    988 Bergem Street
    APT 3D
    Brooklyn,NY12126     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Bard Graduate Center in pursuit of a Master's degree. 4,000
    Rikke Kuhn Riegels
    Kildedalsvej 24
    Birkerod   3460
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research in pursuit of a Master's degree in philosophy. 10,500
    Sara Marie Glanowski
    Sadolinsgade 53
    Odense M   5230
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's Graduate School of Journalism. 4,000
    Signe Larsen
    Hauchsvej 20 4th
    Frederiksberg C   1825
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Sociology in pursuit of a Master's degree. 3,600
    Tine Tomasen
    Gylvevej 3
    Hjorring   9800
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee completes a Master of Fine Arts degree at New York University's Tisch School of the Arts. 9,500
    Trine Berg Hansen
    Radalsgaard Strandpark 23 co RF
    Jyllinge   4040
    DA     		Grantee Completed 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Documentary Studies in pursuit of a certificate in documentary filmmaking. 3,600
    Amalie Glodesen Thystrup
    Koldinggade 9 4th
    Copenhagen O   2100
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes courses at Benjamin N. Cardozo School of Law, in pursuit of a Master's degree. 5,225
    Anja Weis
    Ronslundevej 15
    Ejstrupholm   7361
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee completes Ph.D. research as a visiting scholar at Columbia University's Earth Institute. 5,500
    Anne Kirstine Bay-Smidt
    Henrik Rungs Gade 15 3tv
    Copenhagen N   2200
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes courses at Baruch College, CUNY, in pursuit of a Master's Degree. 4,950
    Caecilie Varslev-Pedersen
    Hojstrupvej 7
    Vanloese   2720
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research in pursuit of a Master's degree. 5,500
    Emil Suensen
    Fredericiagade 8 1 Tv
    Copenhagen K   1310
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes graduate studies at New York University's Department of Politics. 4,950
    Eva-Marie Prag
    Sundgade 14B
    Egernsund   6320
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University in pursuit of a Master's degree in international history. 6,600
    Gitte Yding Salmansen
    Rolfsvej 8 1 Sal
    Frederiksberg   2000
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee completes Ph.D. research as a visiting scholar at Columbia University's Department of Economics. 5,225
    Julie Nymann Jensen
    Egehegnet 27
    Naerum   2850
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the International Center for Photography in pursuit of a Master's degree. 6,875
    Katherine Tschemerinsky Lund-Kirkeby
    Wildersgade 29 1tv
    Copenhagen K   1409
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's Graduate School of Arts and Sciences. 5,500
    Katrine Kravin Bregengaard
    Skovshovedvej 18B
    Charlottenlund   2920
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University in pursuit of a Master's degree in human rights. 10,800
    Linea Baekkeskov
    ved Kaeret 12
    Gentofte   2820
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's School of Business. 4,950
    Mathias Parding
    Overdrevsvej 71
    Fakse   4640
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Philosophy. 3,800
    Mikael Reimer Jensen
    Lipkesgade 30 1th
    Copenhagen O   2100
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes Ph.D. research as a visiting scholar at New York University's Stern School of Business. 3,800
    Nanna Bonde Thylstrup
    Sankt Anna Gade 31 st
    Copenhagen   1416
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes Ph.D. research at Columbia University's Department of Germanic Languages. 3,575
    Nicklas Snekloth Kongsgaard
    Bogevej 3
    Stenlose   3660
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's School of Continuing Education. 3,600
    Sandra Elsfort
    Rodlersvej 49
    Niva   2990
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the Lee Strasberg Theater and Film Institute. 5,200
    Thomas Gammeltoft-Hansen
    Sankt Anna Gade 31 st
    Copenhagen K   1416
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee completes research as a visiting scholar at New York University's Center for Human Rights and Global Justice. 3,575
    Thomas Stefan Vass
    Skovshovedvej 18B
    Charlottenlund   2920
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research in pursuit of a Master's degree. 4,400
    Ulrik Haagen Nielsen
    Sollerodvej 48
    Holte   2840
    DA     		Grantee Completed 2012 To provide accommodation in the foundation's Academic Guest House whilst grantee completes Ph.D. research as a visiting scholar at New York University's Department of Economics. 4,950
    Total .................................bullet 3a 171,675
    bApproved for future payment
    Alberte Nilausen
    Hegnet 15
    Holbaek   4300
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies with the Alvin Ailey American Dance Theater. 4,950
    Anna Gaarde
    Taskebjergvej 8
    Kjellerup   8620
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's Institute for the Study of Human Rights in pursuit of a Master's degree. 5,450
    Ditte-Marie Jakobsen
    Rosenvaengets Alle 38 2 Sal
    Copenhagen O   2100
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Documentary Studies in pursuit of a certificate in documentary filmmaking. 6,600
    Eldina Jaganjac
    Fortuna Alle 51
    Esbjerg O   6705
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at New York University's Tisch School of the Arts in pursuit of a Master of Fine Arts degree. 4,950
    Jon Rahbek-Clemmensen
    Tuborg Havnepark 22 2tv
    Hellerup   2900
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes research as a visiting scholar at Columbia University's Department of Political Science. 5,500
    Lars Emil Lamm Nielsen
    Brobyvej 15
    Odense N   5270
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies in Robotics Technology at Columbia University. 4,950
    Mads Jeppe Hansen
    Strandgade 1002
    Copenhagen N   1401
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the Pratt Institute's Department of Industrial Design in pursuit of a Master's degree. 5,500
    Nynne Just Christoffersen
    988 Bergen Street
    APT 3D
    Brooklyn,NY12126     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Bard Graduate Center in pursuit of a Master's degree. 5,500
    Rikke Kuhn Riegels
    Kildedalsvej 24
    Birkerod   3460
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research in pursuit of a Master's degree in philosophy. 6,875
    Sara Marie Glanowski
    Sadolinsgade 53
    Odense M   5230
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at Columbia University's Graduate School of Journalism. 7,150
    Signe Larsen
    Hauchsvej 20 4th
    Frederiksberg C   1825
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Sociology in pursuit of a Master's degree. 4,400
    Tine Tomasen
    Gylvevej 3
    Hjorring   9800
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee completes a Master of Fine Arts degree at New York University's Tisch School of the Arts. 5,500
    Trine Berg Hansen
    Radalsgaard Strandpark 23 co RF
    Jyllinge   4040
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research's Department of Documentary Studies in pursuit of a certificate in documentary filmmaking. 5,450
    Hjalte Lokdam
    Krengerupvaenget 25 co AS
    Odense M   5230
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the New School for Social Research in pursuit of a Master's degree. 4,400
    Ida Villumsen
    Fjaeldevaenget 128
    Arhus V   8210
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the Polytechnic Institute of New York University. 4,950
    Jeppe Mulich
    Doorn Alle 43 co Sune Jensen
    Dragor   2791
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at New York University's Department of History in pursuit of a Ph.D. 4,950
    Katrine Thamdrup
    Schleppegreusgade 5 2tv co CBK
    Copenhagen N   2200
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes an internship at Edun Fashion. 5,225
    Marie Raffn
    Antionettesvej 5
    Valby   2500
    DA     		Grantee Approved for 2013 To provide accommodation in the foundation's Academic Guest House whilst grantee undertakes studies at the Cooper Union School of Art's Department of Visual Arts. 4,950
    Total .................................bullet 3b 97,250
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aAGH BIKUBEN SCHOLAR PROGRAM         60,958
    bREIMBURSEMENT OF MISCELLANEOUS EXPENSES         800
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14   777
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18    
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     62,535
    13Total. Add line 12, columns (b), (d), and (e)..................
    1362,535
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A GRANTEES ARE REQUIRED TO REIMBURSE THE FOUNDATION FOR THE VALUE OF UTILITIES USED BY THEM. THIS CONFORMS WITH THE AIMS OF THE FOUNDATION. THE FOUNDATION PROVIDES GRANTS THROUGH THE PROVISION OF ACCOMMODATION AT ITS ACADEMIC GUEST HOUSE. THE ONLY COST TO GRANTEES IS THE REIMBURSEMENT OF THE COST OF UTILITIES.
    3 THE FOUNDATION KEEPS ITS SURPLUS FUNDS IN BANK SAVINGS ACCOUNTS AS IT DOES NOT HAVE EXPERTIZE TO INVEST FUNDS IN ALTERNATIVE OTHER FORMS OF INVESTMENTS.
    8 THE FOUNDATION KEEPS THE ACADEMIC GUEST HOUSE IN GOOD WORK ORDER BY REPLACING ASSETS AT THE END OF THEIR USEFUL LIFE CREATED BY WEAR AND TEAR. AS GRANTEES ARE STUDENTS, THE WEAR AND TEAR FACTOR IS VERY HIGH. MANY OF THE GRANTEES ONLY USE THE AGH FOR PART OF A YEAR, AFTER WHICH THE FACILITIES HAVE TO BE BROUGHT P TO ACCEPTABLE STANDARDS.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MCDOWELL CPA PC 12,999   5,000  
    DEMASCO SENA & JAHELKA LLP 19,672   6,375  

    TY 2012 CompensationExplanation
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Person Name Explanation
    IRENE KRARUP THIS OFFICER'S RESPONSIBILITIES WERE CHANGED SO THE AMOUNT OF TIME SPENT ON THE FOUNDATION'S ACTIVITIES AND REMUNERATION WERE SIGNIFICANTLY REDUCED.
    SOEREN KAARE-ANDERSEN THIS DIRECTOR IS EMPOLOYED BY THE FOUNDATION'S SOLE MEMBER AND DOES NOT RECEIVE ANY REMUNERATION FROM THIS FOUNDATION.
    PETER HOEJLAND THIS DIRECTOR / OFFICER IS EMPOLOYED BY THE FOUNDATION'S SOLE MEMBER AND DOES NOT RECEIVE ANY REMUNERATION FROM THIS FOUNDATION.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 DepreciationSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    TS ART MORTENSEN 2004-07-01 4,837   L          
    TS ART PETERSEN 2004-07-01 799   L          
    TS BOOKS 2004-07-01 3,110 1,943 SL 12 259      
    AGH LAND/BUILDING 2008-01-01 0 0 SL 40        
    AGH CONSTRUCTION C 2008-01-01 3,812,001 381,200 SL 40 95,300      
    AGH LEGAL COSTS 2006-01-01 119,617 17,940 SL 40 2,990      
    AGH ARTICHTECT FEE 2008-01-01 447,044 44,704 SL 40 11,176      
    AGH CONSTRUCT CONS 2008-01-01 323,053 32,304 SL 40 8,076      
    AGH LEGAL FEES 2008-01-01 5,671 568 SL 40 142      
    AGH PROF FEES 2008-01-01 63,377 6,336 SL 40 1,584      
    AGH MISC ASSETS 2008-01-01 24,738 8,248 SL 12 2,062      
    AGH OTHER 2008-01-01 3,268 1,088 SL 12 272      
    AGH FURNITURE 2007-12-26 5,971 2,388 SL 10 597      
    AGH CONST 2007 2008-01-01 1,554,388 155,440 SL 40 38,860      
    AGH ARCH FEES 2007 2008-01-01 133,056 13,304 SL 40 3,326      
    AGH CONS CONSUL 07 2008-01-01 200,225 20,024 SL 40 5,006      
    AGH FURN & FIXT 07 2008-01-01 115,831 11,584 SL 40 2,896      
    AGH H&K 2226 07 2008-01-01 43,690 4,368 SL 40 1,092      
    AGH H&K 2258 07 2008-01-01 4,074 408 SL 40 102      
    AGH H&K 2259 07 2008-01-01 788 80 SL 40 20      
    AGH H&K 2307 07 2008-01-01 2,978 296 SL 40 74      
    AGH H&K 2334 07 2008-01-01 1,794 180 SL 40 45      
    AGH PLANTS TERR 07 2008-01-01 217 44 SL 20 11      
    AGH TELEPHONES 07 2008-01-01 2,114 844 SL 10 211      
    AGH KEYS 07 2008-01-01 11 4 SL 10 1      
    AGH KEYS 07 2008-01-01 40 16 SL 10 4      
    AGH SHELVING 07 2008-01-01 785 316 SL 10 79      
    AGH WIRE SHELV 07 2008-01-01 556 224 SL 10 56      
    AGH BB&B HOOKS 07 2008-01-01 130 52 SL 10 13      
    AGH KITCH EQUIP 07 2008-01-01 195 80 SL 10 20      
    AGH BD/BTH EQUIP07 2008-01-01 549 220 SL 10 55      
    AGH KCHBTH EQUIP07 2008-01-01 440 176 SL 10 44      
    AGH BATH EQUIP 07 2008-01-01 704 280 SL 10 70      
    AGH BATH EQUIP 07 2008-01-01 722 288 SL 10 72      
    AGH BD/BTH EQUIP07 2008-01-01 3,783 1,512 SL 10 378      
    AGH TELEVISIONS 07 2008-01-01 3,600 1,440 SL 10 360      
    AGH TELEVISIONS 07 2008-01-01 4,122 1,648 SL 10 412      
    AGH BED SUPPLIES07 2008-01-01 1,070 428 SL 10 107      
    AGH COMM EQUIP 07 2008-01-01 1,953 780 SL 10 195      
    AGH STOR EQUIP 07 2008-01-01 991 396 SL 10 99      
    AGH COFFEE MACH 07 2008-01-01 141 56 SL 10 14      
    AGH KITCH EQUIP 07 2008-01-01 1,997 800 SL 10 200      
    AGH CHINA GLASS 07 2008-01-01 8,670 3,468 SL 10 867      
    AGH CHINA GLASS 07 2008-01-01 7,443 2,976 SL 10 744      
    AGH KITCH EQUIP 07 2008-01-01 521 208 SL 10 52      
    AGH HOUSE ITEMS 07 2008-01-01 1,009 404 SL 10 101      
    AGH KITCH EQUIP 07 2008-01-01 1,255 504 SL 10 126      
    AGH CAMERA 07 2008-01-01 170 68 SL 10 17      
    AGH VACUU BAGS 07 2008-01-01 3,862 1,544 SL 10 386      
    AGH KITCH EQUIP 07 2008-01-01 57 24 SL 10 6      
    AGH DIRT, TERR 07 2008-01-01 49 8 SL 20 2      
    AGH KITCH UNITS 07 2008-01-01 985 396 SL 10 99      
    AGH ART J SAUL 07 2008-01-01 41,410   L          
    AGH SPRINKLERS 07 2008-01-01 1,500 600 SL 10 150      
    AGH LIB BOOKS 07 2008-01-01 1,792 716 SL 10 179      
    AGH HARDWOOD 07 2008-01-01 6,195 620 SL 40 155      
    AGH HANDLES 07 2008-01-01 1,142 456 SL 10 114      
    AGH FURNASSEMBLY07 2008-01-01 580 232 SL 10 58      
    AGH CONST CLEAN 07 2008-01-01 5,000 500 SL 40 125      
    AGH CONST SUPERV07 2008-01-01 3,000 300 SL 40 75      
    AGH KEYS 07 2008-01-01 1,089 436 SL 10 109      
    AGH CONSTCONSUL 07 2008-01-01 500 52 SL 40 13      
    AGH FURN STORGE 07 2008-01-01 567 228 SL 10 57      
    AGH FURN COSTS 07 2008-01-01 41,177 16,472 SL 10 4,118      
    AGH CONST CLEAN 07 2008-01-01 2,900 292 SL 40 73      
    AGH ELEV INSPCT 07 2008-01-01 195 20 SL 40 5      
    AGH MISC REIMB 07 2008-01-01 1,349 540 SL 10 135      
    AGH FLOWERS 07 2008-01-01 32 8 SL 20 2      
    AGH GARDEN 07 2008-01-01 307 60 SL 20 15      
    AGH GARDEN 07 2008-01-01 35 8 SL 20 2      
    AGH STORAGE 07 2008-01-01 975 392 SL 10 98      
    AGH FIRE INSPCT 07 2008-01-01 630 64 SL 40 16      
    AGH FIRE PROTEC 07 2008-01-01 368 36 SL 40 9      
    AGH INTERCOM 07 2008-01-01 375 36 SL 40 9      
    AGH STORAGE 07 2008-01-01 2,764 1,104 SL 10 276      
    AGH WARDROBE 07 2008-01-01 189 76 SL 10 19      
    AGH DELIVERY 07 2008-01-01 355 144 SL 10 36      
    AGH ARCHITECT FEES 2008-01-26 2,063 203 SL 40 52      
    AGH ARCHITECT FEES 2008-01-26 17   SL 40        
    AGH ARCHITECT FEE 2008-02-24 49 4 SL 40 1      
    AGH ARCHITECT FEES 2008-02-24 2,250 215 SL 40 56      
    AGH ARCHITECT FEES 2008-06-01 2,850 255 SL 40 71      
    AGH ARCHITECT FEES 2008-06-01 1,011 90 SL 40 25      
    AGH ARCHITECT FEES 2008-06-01 1,297 115 SL 40 32      
    AGH ARCHITECT FEES 2008-06-01 44 4 SL 40 1      
    AGH ARCHITECT FEES 2008-07-08 10,631 931 SL 40 266      
    AGH ARCHITECT FEES 2008-11-25 621 49 SL 40 16      
    AGH ARCHITECT FEES 2008-12-08 4,548 351 SL 40 114      
    AGH BUILDING CONS 2008-01-18 700 70 SL 40 18      
    AGH FIR ALARM SYST 2008-01-26 368 35 SL 40 9      
    AGH FIRE ALARM SYS 2008-01-20 506 51 SL 40 13      
    AGH DOB CONSULT 2008-01-26 1,725 169 SL 40 43      
    AGH OWNERS REP CON 2008-06-01 3,333 298 SL 40 83      
    AGH OWNERS REP CON 2008-06-01 2,709 244 SL 40 68      
    AGH OWNER REP CONS 2008-06-01 4,425 398 SL 40 111      
    AGH TCO RENEWAL 2008-06-01 2,325 208 SL 40 58      
    AGH PERMIT ASSIST 2008-07-10 3,173 277 SL 40 79      
    AGH LIGHT REPLACE 2008-08-19 3,500 293 SL 40 88      
    AGH SECURIT SYS 2008-08-19 2,859 953 SL 10 286      
    AGH PERMIT REPAIRS 2008-09-03 390 33 SL 40 10      
    AGH OWNERS REP SER 2008-10-26 4,853 383 SL 40 121      
    AGH ELEVATOR REPS 2008-10-26 1,043 82 SL 40 26      
    AGH FIRE SYSTEM 2008-11-26 412 31 SL 40 10      
    AGH FIRE SYS 2008-11-26 412 31 SL 40 10      
    ACH CERT OF OCCUP 2008-12-08 2,775 213 SL 40 69      
    AGH OWNERS REP 2008-12-08 3,604 278 SL 40 90      
    AGH CONSUMABLE ASS 2008-02-24 1,467 563 SL 10 147      
    AGH PIEN HEIN SOFA 2008-04-30 0 0 SL 10        
    AGH FURN FOR APTS 2008-08-29 11,709 3,903 SL 10 1,171      
    AGH SECUR MONIT 2008-09-15 2,199 733 SL 10 220      
    AGH WALL GLASSBOAR 2008-12-23 1,192 357 SL 10 119      
    AGH FH FURNITURE 2008-12-31 1,576 474 SL 10 158      
    AGH GUBI DESKS 2008-12-31 4,700 1,410 SL 10 470      
    AGH RADIATOR INSTA 2008-11-07 16,568 5,247 SL 10 1,657      
    AGH PAINTING 2008-02-24 48 4 SL 40 1      
    AGH KARUP 2008-06-19 3,077 269 SL 40 77      
    AGH ALT CYLINDERS 2008-11-26 2,493 191 SL 40 62      
    AGH CK CEILING REP 2008-06-25 22,100 1,935 SL 40 553      
    AGH CK2535 CEILING 2008-06-25 40,000 3,500 SL 40 1,000      
    AGH CK1193 CONSTRU 2008-07-10 17,148 1,501 SL 40 429      
    AGH CK1194 CONSTR. 2008-07-10 107,440 9,401 SL 40 2,686      
    AGH CK2548 CEILING 2008-08-04 56,779 4,848 SL 40 1,419      
    AGH CK2551 CEILING 2008-08-26 77,668 6,473 SL 40 1,942      
    AGH CK2596 CEILING 2008-09-26 79,128 6,429 SL 40 1,978      
    AGH CK2645 CEULING 2008-12-08 2,450 188 SL 40 61      
    AGH CK2660 3B WALL 2008-12-24 8,000 600 SL 40 200      
    AGH CK2590 BKSK 2008-09-03 1,959 163 SL 40 49      
    AGH CK2667 BKSK 2008-12-23 600 45 SL 40 15      
    AGH CK2410 LEVIEN 2008-01-18 5,412 529 SL 40 135      
    AGH CK2435 BENDIX 2008-02-06 590 59 SL 40 15      
    AGH CK 2466 LEVIEN 2008-02-24 2,763 265 SL 40 69      
    AGH CK247 AABC PLU 2008-04-09 125 11 SL 40 3      
    AGH CK2538 LEVIEN 2008-07-01 3,175 277 SL 40 79      
    AGH CK1192 LEVIEN 2008-07-10 8,282 725 SL 40 207      
    AGH CK2657 BODAK 2008-12-08 1,969 151 SL 40 49      
    AGH CK2656 LEVIEN 2008-12-08 825 65 SL 40 21      
    AGH CK2441 CONSUMA 2008-02-24 1,467 1,467 SL 1        
    AGH CK2528 POULSEN 2008-07-08 4,676 1,638 SL 10 468      
    AGH CK2429 LEGAL 2008-01-26 2,015 196 SL 40 50      
    AGH CK2428 LEGAL 2008-01-26 1,540 152 SL 40 39      
    AGH CK2486 LEGAL 2008-04-18 19,376 1,775 SL 40 484      
    AGH CK2547 LEGAL 2008-07-10 416 35 SL 40 10      
    AGH CK2578 LEGAL 2008-09-03 48,990 4,083 SL 40 1,225      
    AGH CK2605 LEGAL 2008-10-26 1,155 92 SL 40 29      
    AGH CK2606 LEGAL 2008-10-26 3,513 279 SL 40 88      
    AGH CK2661 LEGAL 2008-12-31 18,713 1,404 SL 40 468      
    AGH CK2617 NEXUS R 2008-11-07 24,257 1,919 SL 40 606      
    AGH CK2422 SOFIA 2008-01-26 195 19 SL 40 5      
    AGH CK2447 SOFIA 2008-02-24 195 19 SL 40 5      
    AGH CK2621 KRARUP 2008-11-10 0 0 SL 40        
    AGH CK2507 NYC 2008-06-01 30 3 SL 40 1      
    AGH CK2577 NYC 2008-09-03 735 60 SL 40 18      
    AGH CK2588 HRF PRO 2008-09-03 3,964 330 SL 40 99      
    AGH CK2615 HRF PRO 2008-12-26 412 30 SL 40 10      
    AGH CK2646 ENDSCAP 2008-12-08 6,580 509 SL 40 165      
    AGH CK2647 HRF PRO 2008-12-08 546 43 SL 40 14      
    AGH CK2652 STORAGE 2008-12-08 249 19 SL 40 6      
    AGH 2443 SMALLWARE 2008-02-24 3,531 3,531 SL 1        
    AGH CK2408 TRNS 2008-01-17 329 129 SL 10 33      
    AGH CK2409 TRNS 2008-01-18 150 59 SL 10 15      
    AGH CK2440 TRNSP 2008-02-24 507 195 SL 10 51      
    AGH DHL 2008-04-09 402 150 SL 10 40      
    AGH CK2482 TRNS 2008-04-18 849 312 SL 10 85      
    AGH CK2582 TRNSP 2008-09-03 400 133 SL 10 40      
    AGH CK2654 TCO 2008-12-08 2,250 173 SL 40 56      
    AGH 07 CONS ASSETS 2008-01-01 55,567 18,524 SL 12 4,631      
    AGH CONSUM ASSETS 2008-02-24 0 0 SL 12        
    AGH BUILDING 2008-01-01 8,023,502 802,352 SL 40 200,588      
    AGH LAND 2008-01-01 2,700,000   L          
    AGH ENDSCAPE 3B WA 2009-02-13 15,980 1,166 SL 40 400      
    AGH AMC ELECTRIC 2009-03-31 31,630 2,175 SL 40 791      
    AGH PROELEVATOR 2009-03-31 3,000 206 SL 40 75      
    AGH D-LINE 2009-03-31 2,043 140 SL 40 51      
    AGH OLEK LEJBZON 2009-03-31 22,000 1,513 SL 40 550      
    AGH TRITECH 2009-03-31 6,200 426 SL 40 155      
    AGH WASCO SKYLIGHT 2009-03-31 4,267 294 SL 40 107      
    AGH FORT CICA ROOF 2009-03-31 17,000 1,169 SL 40 425      
    AGH ELIOU SCOPELI 2009-03-31 1,500 104 SL 40 38      
    AGH AMETCO FENCE 2009-03-31 15,555 1,070 SL 40 389      
    AGH PLANT SPECALIS 2009-03-31 2,046 140 SL 40 51      
    AGH INSBRUCH INT 2009-04-10 2,045 140 SL 40 51      
    AGH CAERONE CONCRE 2009-07-16 7,725 466 SL 40 193      
    AGH ENDSCAPE 2009-07-16 8,670 524 SL 40 217      
    AGH ENDSCAPE 2009-08-08 8,870 536 SL 40 222      
    AGH INNBRUCK AC DO 2009-12-29 350 18 SL 40 9      
    AGH LEVIAN 2009-02-22 963 68 SL 40 24      
    AGH LEVIAN 2009-12-31 1,237 62 SL 40 31      
    AGH FF 3B 2009-02-13 1,199 350 SL 10 120      
    AGH LP LIGHTING 2009-02-13 930 271 SL 10 93      
    AGH HHALL FIX 2009-07-08 1,090 273 SL 10 109      
    AGH GUBI 2009-10-15 6,124 1,377 SL 10 612      
    AGH SOFAS IK 2009-12-31 4,057 812 SL 10 406      
    AGH LEGAL ABS 2009-02-22 1,606 113 SL 40 40      
    AGH LEGAL ABS 2009-02-22 3,022 215 SL 40 76      
    AGH LEGAL ABS 2009-02-22 2,599 184 SL 40 65      
    AGH LEGAL ABS 2009-03-24 3,459 237 SL 40 86      
    AGH LEGAL ABS 2009-05-10 3,272 219 SL 40 82      
    AGH LEGAL ABS 2009-06-23 19,943 1,247 SL 40 499      
    AGH LEGAL ABS 2009-07-16 17,043 1,030 SL 40 426      
    AGH PEAK COOLING 2009-09-27 484 27 SL 40 12      
    AGH PEAK COOLING 2009-12-03 2,434 127 SL 40 61      
    AGH PEAK COOLING 2009-12-30 876 44 SL 40 22      
    AGH STORAGE 2009-02-07 518 38 SL 40 13      
    AGH STORAGE 2009-03-23 2,490 171 SL 40 62      
    AGH AUTO RENTAL 2009-03-23 134 9 SL 40 3      
    AGH LEMAN FREIGHT 2009-03-24 835 58 SL 40 21      
    AGH LOCKS 2009-10-09 2,022 115 SL 40 51      
    AGH PROJECTOR 2009-10-09 1,254 281 SL 10 125      
    AGH DVD 2009-12-01 376 79 SL 10 38      
    AGH INNSBRUCK INTE 2009-12-29 7,350 368 SL 40 184      
    AGH INNSBROCK INTE 2009-12-29 1,550 78 SL 40 39      
    AGH STORAGE 2009-12-31 1,280 64 SL 40 32      
    AGH KIM PHILLIPS 2009-03-16 300 22 SL 40 8      
    AGH LASZIO BODAK 2009-05-10 408 27 SL 40 10      
    AGH ENDSCAPE 2009-06-23 8,790 550 SL 40 220      
    AGH L HANSEN 2009-12-31 3,000 150 SL 40 75      
    AGH SMALLWARE 2009-02-13 1,128 1,128 SL 1        
    AGH SMALLWARE 2009-05-25 1,097 1,097 SL 1        
    AGH SMALLWARE 2009-06-23 1,500 1,500 SL 1        
    AGH SMALLWARE 2009-07-15 491 491 SL 1        
    AGH SMALLWARE 2009-07-15 1,017 1,017 SL 1        
    AGH SMALLWARE 2009-10-09 236 236 SL 1        
    AGH SMALLWARE 2009-10-09 309 309 SL 1        
    AGH SMALLWARE 2009-12-31 1,945 1,945 SL 1        
    AGH SMALLWARE 2005-03-04 3,405   SL 1        
    AGH TRANS FURN 2009-04-10 2,770 762 SL 10 277      
    AGH TRANS FURN 2009-05-13 150 40 SL 10 15      
    AGH LEGAL STARTUP 2009-02-22 2,735 193 SL 40 68      
    AGH LEGAL SETUP 2009-03-24 5,377 369 SL 40 134      
    AGH ACT TX STARTUP 2009-04-10 3,320 228 SL 40 83      
    AGH ACT TX STARTUP 2009-05-10 2,506 168 SL 40 63      
    AGH LEG TX STARTUP 2009-06-22 14,281 893 SL 40 357      
    AGH LEG TX STARTUP 2009-11-23 20,169 1,050 SL 40 504      
    AGH LEG TX STARTUP 2009-12-30 20,169 1,008 SL 40 504      
    AGH ACT TX STARTUP 2009-07-16 8,150 493 SL 40 204      
    AGH MEMBER REIMBUR 2008-12-23 23,903 1,794 SL 40 598      
    AGH TOOLS 07 NET 2008-01-01 4,690 1,876 SL 10 469      
    AGH BOOKSHELVES 10 2010-02-13 1,279 245 SL 10 128      
    FRIDGE 1A 2010 2010-12-23 1,349 135 SL 10 135      
    GUBI FREIGHT 10 2010-02-08 819 157 SL 10 82      
    CIRCULATOR PUMP 1B 2012-12-11 5,018   SL 10 125      
    CIR PUMP INST 1B 2012-12-17 1,950   SL 10 49      
    AGH F AND FIXT 06 2008-01-01 10,105 4,042 SL 10        
    AGH F AND FIXT 06 2008-01-01 280,195 112,078 SL 10 28,020      

    TY 2012 GeneralExplanationAttachment
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Identifier Return Reference Explanation
    CONTRIBUTIONS SCHEDULE B AND PAGE 1 LINE 1 THE FOUNDATIONS RECEIVES ALL ITS CONTRIBUTIONS FROM ITS SOLE MEMBER, BIKUBENFONDEN, A DANISH FOUNDATION. THE CASH IS TRANSFERRED AT VARIOUS TIMES DURING THE YEAR AS TEMPORARY ADVANCES, THE FINAL NET AMOUNT IS THE TRANSFERS LESS THE AMOUNT LOANED ON A PROMISSORY NOTE WHICH IS REPAYABLE, WHEN AND IF THE FOUNDATIONS SELLS ITS REAL ESTATE. THE INDIVIDUAL TRANSFERS HAVE BEEN SHOWN ON SCHEDULE B AS HAS THE NEGATIVE AMOUNT RECORDED AS A NOTE. THE FOUNDATION BORROWED A TOTAL OF $19,178,788 FROM ITS SOLE MEMBER BIKUBENFONDEN, A DANISH TAX EXEMPT - NONE PROFIT FOUNDATION. THERE IS NO INTEREST PAYABLE ON THE NOTES UNLESS THE FOUNDATION SELLS THE ACADEMIC GUEST HOUSE OR A NOTE IS IN DEFAULT; IN WHICH CASE THE LOANS BECOME IMMEDIATELY REPAYABLE AND INTEREST IS PAYABLE AT 8% PER ANNUM. DEFAULT INCLUDES INSOLVENCY, FILING FOR BANKRUPTCY AND APPOINTMENT OF A TRUSTEE, CUSTODIAN, RECEIVER OR LIQUIDATOR. THE FOUNDATION RECEIVES ALL ITS CONTRIBUTIONS FROM ITS SOLE MEMBER, HOWEVER THE GRANTEES ARE REQUIRED TO REIMBURSE THE FOUNDATION FOR UTILITIES CONSUMED. FOR THE ACHADEMIC GUEST HOUSE THE TOTAL SUCH REIMBURSEMENTS WERE $62,95. THE GRANTEES ARE USUALLY ALL IN THE USA ON TEMPORARY STUDENT, TRAINEE OR SIMILAR VISAS AND ARE THEREFORE, FROM A TAX ASPECT, CONSIDERED NOT TO BE IN THE USA.
    GRANTS PAID PART I LINE 25 NO CASH GRANTS ARE PAID. THE VALUE OF THE GRANTS PAID ARE BASED ON THE ESTIMATED FAIR MARKET RENTAL VALUE FOR THE TIME UTILIZED BY THE GRANTEES. BECAUSE OF THE UNUSUAL TYPE OF ACCOMMODATION PROVIDED AND THE RESTRICTIONS RELATED THERETO, IT IS DIFFICULT TO ESTIMATE FAIR MARKET VALUES OR FIND COMPARATIVE EXAMPLES ON WHICH TO BASE SUCH VALUES.
    DEPRECIATION PART I LINE 19 THE FOUNDATION HAS ELECTED TO USE THE ALTERNATIVE DEPRECIATION SYSTEM UNDER SECTION IRC SEC. 168 (G) (7); STRAIGHT LINE DEPRECIATION. THE ACADEMIC GUEST HOUSE.

    TY 2012 LandEtcSchedule2
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    TS ART MORTENSEN        
    TS ART PETERSEN 799   799  
    TS BOOKS 3,110 2,202 908  
    AGH LAND/BUILDING 0 0 0  
    AGH CONSTRUCTION C 3,812,001 476,500 3,335,501  
    AGH LEGAL COSTS 119,617 20,930 98,687  
    AGH ARTICHTECT FEE 447,044 55,880 391,164  
    AGH CONSTRUCT CONS 323,053 40,380 282,673  
    AGH LEGAL FEES 5,671 710 4,961  
    AGH PROF FEES 63,377 7,920 55,457  
    AGH MISC ASSETS 24,738 10,310 14,428  
    AGH OTHER 3,268 1,360 1,908  
    AGH FURNITURE 5,971 2,985 2,986  
    AGH CONST 2007 1,554,388 194,300 1,360,088  
    AGH ARCH FEES 2007 133,056 16,630 116,426  
    AGH CONS CONSUL 07 200,225 25,030 175,195  
    AGH FURN & FIXT 07 115,831 14,480 101,351  
    AGH H&K 2226 07 43,690 5,460 38,230  
    AGH H&K 2258 07 4,074 510 3,564  
    AGH H&K 2259 07 788 100 688  
    AGH H&K 2307 07 2,978 370 2,608  
    AGH H&K 2334 07 1,794 225 1,569  
    AGH PLANTS TERR 07 217 55 162  
    AGH TELEPHONES 07 2,114 1,055 1,059  
    AGH KEYS 07 11 5 6  
    AGH KEYS 07 40 20 20  
    AGH SHELVING 07 785 395 390  
    AGH WIRE SHELV 07 556 280 276  
    AGH BB&B HOOKS 07 130 65 65  
    AGH KITCH EQUIP 07 195 100 95  
    AGH BD/BTH EQUIP07 549 275 274  
    AGH KCHBTH EQUIP07 440 220 220  
    AGH BATH EQUIP 07 704 350 354  
    AGH BATH EQUIP 07 722 360 362  
    AGH BD/BTH EQUIP07 3,783 1,890 1,893  
    AGH TELEVISIONS 07 3,600 1,800 1,800  
    AGH TELEVISIONS 07 4,122 2,060 2,062  
    AGH BED SUPPLIES07 1,070 535 535  
    AGH COMM EQUIP 07 1,953 975 978  
    AGH STOR EQUIP 07 991 495 496  
    AGH COFFEE MACH 07 141 70 71  
    AGH KITCH EQUIP 07 1,997 1,000 997  
    AGH CHINA GLASS 07 8,670 4,335 4,335  
    AGH CHINA GLASS 07 7,443 3,720 3,723  
    AGH KITCH EQUIP 07 521 260 261  
    AGH HOUSE ITEMS 07 1,009 505 504  
    AGH KITCH EQUIP 07 1,255 630 625  
    AGH CAMERA 07 170 85 85  
    AGH VACUU BAGS 07 3,862 1,930 1,932  
    AGH KITCH EQUIP 07 57 30 27  
    AGH DIRT, TERR 07 49 10 39  
    AGH KITCH UNITS 07 985 495 490  
    AGH ART J SAUL 07 41,410   41,410  
    AGH SPRINKLERS 07 1,500 750 750  
    AGH LIB BOOKS 07 1,792 895 897  
    AGH HARDWOOD 07 6,195 775 5,420  
    AGH HANDLES 07 1,142 570 572  
    AGH FURNASSEMBLY07 580 290 290  
    AGH CONST CLEAN 07 5,000 625 4,375  
    AGH CONST SUPERV07 3,000 375 2,625  
    AGH KEYS 07 1,089 545 544  
    AGH CONSTCONSUL 07 500 65 435  
    AGH FURN STORGE 07 567 285 282  
    AGH FURN COSTS 07 41,177 20,590 20,587  
    AGH CONST CLEAN 07 2,900 365 2,535  
    AGH ELEV INSPCT 07 195 25 170  
    AGH MISC REIMB 07 1,349 675 674  
    AGH FLOWERS 07 32 10 22  
    AGH GARDEN 07 307 75 232  
    AGH GARDEN 07 35 10 25  
    AGH STORAGE 07 975 490 485  
    AGH FIRE INSPCT 07 630 80 550  
    AGH FIRE PROTEC 07 368 45 323  
    AGH INTERCOM 07 375 45 330  
    AGH STORAGE 07 2,764 1,380 1,384  
    AGH WARDROBE 07 189 95 94  
    AGH DELIVERY 07 355 180 175  
    AGH ARCHITECT FEES 2,063 255 1,808  
    AGH ARCHITECT FEES 17   17  
    AGH ARCHITECT FEE 49 5 44  
    AGH ARCHITECT FEES 2,250 271 1,979  
    AGH ARCHITECT FEES 2,850 326 2,524  
    AGH ARCHITECT FEES 1,011 115 896  
    AGH ARCHITECT FEES 1,297 147 1,150  
    AGH ARCHITECT FEES 44 5 39  
    AGH ARCHITECT FEES 10,631 1,197 9,434  
    AGH ARCHITECT FEES 621 65 556  
    AGH ARCHITECT FEES 4,548 465 4,083  
    AGH BUILDING CONS 700 88 612  
    AGH FIR ALARM SYST 368 44 324  
    AGH FIRE ALARM SYS 506 64 442  
    AGH DOB CONSULT 1,725 212 1,513  
    AGH OWNERS REP CON 3,333 381 2,952  
    AGH OWNERS REP CON 2,709 312 2,397  
    AGH OWNER REP CONS 4,425 509 3,916  
    AGH TCO RENEWAL 2,325 266 2,059  
    AGH PERMIT ASSIST 3,173 356 2,817  
    AGH LIGHT REPLACE 3,500 381 3,119  
    AGH SECURIT SYS 2,859 1,239 1,620  
    AGH PERMIT REPAIRS 390 43 347  
    AGH OWNERS REP SER 4,853 504 4,349  
    AGH ELEVATOR REPS 1,043 108 935  
    AGH FIRE SYSTEM 412 41 371  
    AGH FIRE SYS 412 41 371  
    ACH CERT OF OCCUP 2,775 282 2,493  
    AGH OWNERS REP 3,604 368 3,236  
    AGH CONSUMABLE ASS 1,467 710 757  
    AGH PIEN HEIN SOFA 0 0 0  
    AGH FURN FOR APTS 11,709 5,074 6,635  
    AGH SECUR MONIT 2,199 953 1,246  
    AGH WALL GLASSBOAR 1,192 476 716  
    AGH FH FURNITURE 1,576 632 944  
    AGH GUBI DESKS 4,700 1,880 2,820  
    AGH RADIATOR INSTA 16,568 6,904 9,664  
    AGH PAINTING 48 5 43  
    AGH KARUP 3,077 346 2,731  
    AGH ALT CYLINDERS 2,493 253 2,240  
    AGH CK CEILING REP 22,100 2,488 19,612  
    AGH CK2535 CEILING 40,000 4,500 35,500  
    AGH CK1193 CONSTRU 17,148 1,930 15,218  
    AGH CK1194 CONSTR. 107,440 12,087 95,353  
    AGH CK2548 CEILING 56,779 6,267 50,512  
    AGH CK2551 CEILING 77,668 8,415 69,253  
    AGH CK2596 CEILING 79,128 8,407 70,721  
    AGH CK2645 CEULING 2,450 249 2,201  
    AGH CK2660 3B WALL 8,000 800 7,200  
    AGH CK2590 BKSK 1,959 212 1,747  
    AGH CK2667 BKSK 600 60 540  
    AGH CK2410 LEVIEN 5,412 664 4,748  
    AGH CK2435 BENDIX 590 74 516  
    AGH CK 2466 LEVIEN 2,763 334 2,429  
    AGH CK247 AABC PLU 125 14 111  
    AGH CK2538 LEVIEN 3,175 356 2,819  
    AGH CK1192 LEVIEN 8,282 932 7,350  
    AGH CK2657 BODAK 1,969 200 1,769  
    AGH CK2656 LEVIEN 825 86 739  
    AGH CK2441 CONSUMA 1,467 1,467    
    AGH CK2528 POULSEN 4,676 2,106 2,570  
    AGH CK2429 LEGAL 2,015 246 1,769  
    AGH CK2428 LEGAL 1,540 191 1,349  
    AGH CK2486 LEGAL 19,376 2,259 17,117  
    AGH CK2547 LEGAL 416 45 371  
    AGH CK2578 LEGAL 48,990 5,308 43,682  
    AGH CK2605 LEGAL 1,155 121 1,034  
    AGH CK2606 LEGAL 3,513 367 3,146  
    AGH CK2661 LEGAL 18,713 1,872 16,841  
    AGH CK2617 NEXUS R 24,257 2,525 21,732  
    AGH CK2422 SOFIA 195 24 171  
    AGH CK2447 SOFIA 195 24 171  
    AGH CK2621 KRARUP 0 0 0  
    AGH CK2507 NYC 30 4 26  
    AGH CK2577 NYC 735 78 657  
    AGH CK2588 HRF PRO 3,964 429 3,535  
    AGH CK2615 HRF PRO 412 40 372  
    AGH CK2646 ENDSCAP 6,580 674 5,906  
    AGH CK2647 HRF PRO 546 57 489  
    AGH CK2652 STORAGE 249 25 224  
    AGH 2443 SMALLWARE 3,531 3,531    
    AGH CK2408 TRNS 329 162 167  
    AGH CK2409 TRNS 150 74 76  
    AGH CK2440 TRNSP 507 246 261  
    AGH DHL 402 190 212  
    AGH CK2482 TRNS 849 397 452  
    AGH CK2582 TRNSP 400 173 227  
    AGH CK2654 TCO 2,250 229 2,021  
    AGH 07 CONS ASSETS 55,567 23,155 32,412  
    AGH CONSUM ASSETS 0 0 0  
    AGH BUILDING 8,023,502 1,002,940 7,020,562  
    AGH LAND 2,700,000   2,700,000  
    AGH ENDSCAPE 3B WA 15,980 1,566 14,414  
    AGH AMC ELECTRIC 31,630 2,966 28,664  
    AGH PROELEVATOR 3,000 281 2,719  
    AGH D-LINE 2,043 191 1,852  
    AGH OLEK LEJBZON 22,000 2,063 19,937  
    AGH TRITECH 6,200 581 5,619  
    AGH WASCO SKYLIGHT 4,267 401 3,866  
    AGH FORT CICA ROOF 17,000 1,594 15,406  
    AGH ELIOU SCOPELI 1,500 142 1,358  
    AGH AMETCO FENCE 15,555 1,459 14,096  
    AGH PLANT SPECALIS 2,046 191 1,855  
    AGH INSBRUCH INT 2,045 191 1,854  
    AGH CAERONE CONCRE 7,725 659 7,066  
    AGH ENDSCAPE 8,670 741 7,929  
    AGH ENDSCAPE 8,870 758 8,112  
    AGH INNBRUCK AC DO 350 27 323  
    AGH LEVIAN 963 92 871  
    AGH LEVIAN 1,237 93 1,144  
    AGH FF 3B 1,199 470 729  
    AGH LP LIGHTING 930 364 566  
    AGH HHALL FIX 1,090 382 708  
    AGH GUBI 6,124 1,989 4,135  
    AGH SOFAS IK 4,057 1,218 2,839  
    AGH LEGAL ABS 1,606 153 1,453  
    AGH LEGAL ABS 3,022 291 2,731  
    AGH LEGAL ABS 2,599 249 2,350  
    AGH LEGAL ABS 3,459 323 3,136  
    AGH LEGAL ABS 3,272 301 2,971  
    AGH LEGAL ABS 19,943 1,746 18,197  
    AGH LEGAL ABS 17,043 1,456 15,587  
    AGH PEAK COOLING 484 39 445  
    AGH PEAK COOLING 2,434 188 2,246  
    AGH PEAK COOLING 876 66 810  
    AGH STORAGE 518 51 467  
    AGH STORAGE 2,490 233 2,257  
    AGH AUTO RENTAL 134 12 122  
    AGH LEMAN FREIGHT 835 79 756  
    AGH LOCKS 2,022 166 1,856  
    AGH PROJECTOR 1,254 406 848  
    AGH DVD 376 117 259  
    AGH INNSBRUCK INTE 7,350 552 6,798  
    AGH INNSBROCK INTE 1,550 117 1,433  
    AGH STORAGE 1,280 96 1,184  
    AGH KIM PHILLIPS 300 30 270  
    AGH LASZIO BODAK 408 37 371  
    AGH ENDSCAPE 8,790 770 8,020  
    AGH L HANSEN 3,000 225 2,775  
    AGH SMALLWARE 1,128 1,128    
    AGH SMALLWARE 1,097 1,097    
    AGH SMALLWARE 1,500 1,500    
    AGH SMALLWARE 491 491    
    AGH SMALLWARE 1,017 1,017    
    AGH SMALLWARE 236 236    
    AGH SMALLWARE 309 309    
    AGH SMALLWARE 1,945 1,945    
    AGH SMALLWARE 3,405   3,405  
    AGH TRANS FURN 2,770 1,039 1,731  
    AGH TRANS FURN 150 55 95  
    AGH LEGAL STARTUP 2,735 261 2,474  
    AGH LEGAL SETUP 5,377 503 4,874  
    AGH ACT TX STARTUP 3,320 311 3,009  
    AGH ACT TX STARTUP 2,506 231 2,275  
    AGH LEG TX STARTUP 14,281 1,250 13,031  
    AGH LEG TX STARTUP 20,169 1,554 18,615  
    AGH LEG TX STARTUP 20,169 1,512 18,657  
    AGH ACT TX STARTUP 8,150 697 7,453  
    AGH MEMBER REIMBUR 23,903 2,392 21,511  
    AGH TOOLS 07 NET 4,690 2,345 2,345  
    AGH BOOKSHELVES 10 1,279 373 906  
    FRIDGE 1A 2010 1,349 270 1,079  
    GUBI FREIGHT 10 819 239 580  
    CIRCULATOR PUMP 1B 5,018 125 4,893  
    CIR PUMP INST 1B 1,950 49 1,901  
    AGH F AND FIXT 06        
    AGH F AND FIXT 06 280,195 140,098 140,097  


    TY 2012 LegalFeesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HOLLAND AND KNIGHT LLP 2,108      
    MARCUS AND POLLACK LLP 350      


    TY 2012 OtherAssetsSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WITHHOLDING DUE FROM IRS 11,395 11,953 11,953


    TY 2012 OtherExpensesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CLEANING 1,600   1,600  
    ENTERTAINMENT 3,259   3,259  
    PAYROLL SERVICE CHARGE 2,364   2,364  
    BANK CHARGES 272   272  
    POSTAGE 1,127   1,127  
    SUPPLIES AND MATERIALS 9,199   9,199  
    REPAIRS 7,758   7,758  
    MAINTENANCE 14,872   14,872  
    WITHHOLDING TAX PENALTIES 930   930  
    MISCELLANEOUS 5,853   5,853  
    INSURANCE 31,889   31,889  
    PROGRAMMING COSTS 3,143   3,143  
    SHIPPING FREIGHT AND DELIVERY 4,059   4,059  
    SERVICES INC COMMUNICATION 27,131   27,131  
    FIRE PROTECTION 4,648   4,648  
    SMALLWARES ADDITIONAL COSTS 808   808  
    FURNITURE & FIX. REPLACEMENT 10,516   10,516  
    UTILITIES 35,203   35,203  
    401K PLAN ADMINISTRATION FEE 1,620   1,620  
    LESS: COST ALLOCATED TO        
    GRANTEES -171,675   -171,675  


    TY 2012 OtherIncomeSchedule2
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CONTRIBUTION TOWARDS USE OF UTILITIES      
    AGH BIKUBEN SCHOLAR PROGRAM 60,958   60,958
    REIMBURSEMENT OF MISCELLANEOUS EXPENSES 800   800


    TY 2012 OtherIncreasesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Description Amount
    ROUNDING 2


    TY 2012 OtherLiabilitiesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO GRANTEES 2,146  
    PAYROLL TAXES    
    SALARY PAYABLE    


    TY 2012 TaxesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 5,184      
    MISCELLANEOUS 62