Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE BIKUBENFOUNDATION NEW YORK INC
 

Number and street (or P.O. box number if mail is not delivered to street address)36 WEST 74TH STREET   Room/suite
City or town, state or province, country, and ZIP or foreign postal 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
E 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$19,651,395J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 506    
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)... 0
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 59,957 0  
12 Total. Add lines 1 through 11........ 60,463 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,000 0   0
14 Other employee salaries and wages...... 54,560 0   54,560
15 Pension plans, employee benefits....... 4,700 0   4,700
16a Legal fees (attach schedule)......... Click to see attachment 417 0   417
b Accounting fees (attach schedule)....... Click to see attachment 7,324 0   7,324
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,524 0   5,524
19 Depreciation (attach schedule) and depletion... Click to see attachment 448,209 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,736 0   12,736
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 200,524 0   200,524
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 743,994 0   285,785
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 743,994 0   285,785
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -683,531
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 (2014)
Form 990-PF (2014)
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............... 1,122,980 877,279 877,279
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 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...........      
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 bullet19,135,090
Less: accumulated depreciation (attach schedule) bullet3,112,255 16,457,784 Click to see attachment16,022,835 18,765,044
15 Other assets (describe bullet) Click to see attachment11,953 Click to see attachment9,072 Click to see attachment9,072
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,592,717 16,909,186 19,651,395
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 Click to see attachment19,178,788
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 19,178,788 19,178,788
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... -1,586,071 -2,269,602
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 instructions)...... -1,586,071 -2,269,602
31 Total liabilities and net assets/fund balances (see instructions).. 17,592,717 16,909,186
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 -1,586,071
2 Enter amount from Part I, line 27a..................... 2 -683,531
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 -2,269,602
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 -2,269,602
Form 990-PF (2014)
Form 990-PF (2014)
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 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))
2013 334,445 1,230,771 0.271736
2012 274,600 1,473,603 0.186346
2011 269,842 789,687 0.341708
2010 211,203 13,868 15.229521
2009 697,171 83,270 8.372415
2 Total of line 1, column (d) ...................... 2 24.401726
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 4.880345
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 995,261
5 Multiply line 4 by line 3....................... 5 4,857,217
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 4,857,217
8 Enter qualifying distributions from Part XII, line 4.............. 8 299,045
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 (2014)
Form 990-PF (2014)
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 0
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 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 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 2015 estimated taxBullet   RefundedBullet 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 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 instructions)? ........
    1b
    Yes
     
    .........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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    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 KRARUP VP/DIR - TREAS WEF 11/9/20
    5.00     		10,000 0 0
    36 WEST 74TH STREET
    NEW YORK,NY10023
    SOEREN KAARE-ANDERSEN DIRECTOR / PRES WEF 11/9/2
    1.00     		0 0 0
    OTTO MONSTED GADE 5
    COPENHAGEN V   1571
    DA
    PETER HOEJLAND DIR/SEC WEF 11/9/2011
    1.00     		0 0 0
    OTTO MONSTED GADE 5
    COPENHAGEN V   1571
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 ANACADEMIC GUEST HOUSE MAINLY FOR GRADUATE STUDENTS FROMDENMARK INCLUDING ACCOMODATION IN NEW YORK. 743,995
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    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 0
    2 ACADEMIC GUEST HOUSE - ASSET ADDITIONS 13,260
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet13,260
    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
    1,010,417
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,010,417
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,010,417
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    15,156
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    995,261
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    49,763
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    49,763
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (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
    49,763
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    49,763
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    49,763
    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
    285,785
    b
    Program-related investments—total from Part IX-B..................
    1b
    13,260
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    299,045
    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
    299,045
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 49,763
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 697,171
    b From 2010....... 211,203
    c From 2011....... 169,219
    d From 2012....... 171,675
    e From 2013....... 272,906
    fTotal of lines 3a through e......... 1,522,174
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 299,045
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 49,763
    e Remaining amount distributed out of corpus 249,282
    5 Excess distributions carryover applied to 2014. 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 1,771,456
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		697,171
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		1,074,285
    10 Analysis of line 9:
    a Excess from 2010.... 211,203
    b Excess from 2011.... 169,219
    c Excess from 2012.... 171,675
    d Excess from 2013.... 272,906
    e Excess from 2014.... 249,282
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MATTI BEKKEVOLD
    C/O BIKUBENFONDEN FIOLSTRAEDE 44
    COPENHAGEN   1171
    DA
    (453) 377-9385
    bThe form in which applications should be submitted and information and materials they should include:
    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:
    FOR 2014 THE DEADLINE WAS JUNE 15,2013 & JUNE 15,2014 FOR THE SPRING AND FALL SEMESTER RESPECTIVELY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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 (2014)
    Form 990-PF (2014)
    Page 11
    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
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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
    aCONTRIBUTION TOWARDS USE OF UTILITIES AGH BIKUBEN SCHOLAR PROGRAM         59,957
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 506  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		         
    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).. 0 506 59,957
    13Total. Add line 12, columns (b), (d), and (e)..................
    1360,463
    (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 GUESTS ARE REQUIRED TO REIMBURSE THE FOUNDATION FOR THE VALUE OF THE UTILITIES USED BY THEM. THIS CONFORMS WITH THE AIMS OF THE FOUNDATION. THE FOUNDATION PROVIDES GRANTS THROUGH THE PROVISION OF ACCOMODATION 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 ACCOUNT AS IT DOES NOT HAVE EXPERTIZE TO INVEST FUNDS IN ALTERNATIVE OTHER FORMS OF INVESTMENTS
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEMASCO SENA & JAHELKA LLP 7,324 0   7,324

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

    TY 2014 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 PETERSEN 2004-07-01 799   L   0 0    
    TS BOOKS 2004-07-01 3,110 2,461 SL 12.000000000000 259 0    
    AGH CONSTRUCTION C 2008-01-01 3,812,001 571,800 SL 40.000000000000 95,300 0    
    AGH LEGAL COSTS 2006-01-01 119,617 23,920 SL 40.000000000000 2,990 0    
    AGH ARTICHTECT FEE 2008-01-01 447,044 67,056 SL 40.000000000000 11,176 0    
    AGH CONSTRUCT CONS 2008-01-01 323,053 48,456 SL 40.000000000000 8,076 0    
    AGH LEGAL FEES 2008-01-01 5,671 852 SL 40.000000000000 142 0    
    AGH PROF FEES 2008-01-01 63,377 9,504 SL 40.000000000000 1,584 0    
    AGH MISC ASSETS 2008-01-01 24,738 12,372 SL 12.000000000000 2,062 0    
    AGH OTHER 2008-01-01 3,268 1,632 SL 12.000000000000 272 0    
    AGH FURNITURE 2007-12-26 5,971 3,582 SL 10.000000000000 597 0    
    AGH CONST 2007 2008-01-01 1,554,388 233,160 SL 40.000000000000 38,860 0    
    AGH ARCH FEES 2007 2008-01-01 133,056 19,956 SL 40.000000000000 3,326 0    
    AGH CONS CONSUL 07 2008-01-01 200,225 30,036 SL 40.000000000000 5,006 0    
    AGH FURN & FIXT 07 2008-01-01 115,831 17,376 SL 40.000000000000 2,896 0    
    AGH H&K 2226 07 2008-01-01 43,690 6,552 SL 40.000000000000 1,092 0    
    AGH H&K 2258 07 2008-01-01 4,074 612 SL 40.000000000000 102 0    
    AGH H&K 2259 07 2008-01-01 788 120 SL 40.000000000000 20 0    
    AGH H&K 2307 07 2008-01-01 2,978 444 SL 40.000000000000 74 0    
    AGH H&K 2334 07 2008-01-01 1,794 270 SL 40.000000000000 45 0    
    AGH TELEPHONES 07 2008-01-01 2,114 1,266 SL 10.000000000000 211 0    
    AGH BD/BTH EQUIP07 2008-01-01 3,783 2,268 SL 10.000000000000 378 0    
    AGH TELEVISIONS 07 2008-01-01 3,600 2,160 SL 10.000000000000 360 0    
    AGH TELEVISIONS 07 2008-01-01 4,122 2,472 SL 10.000000000000 412 0    
    AGH COMM EQUIP 07 2008-01-01 1,953 1,170 SL 10.000000000000 195 0    
    AGH STOR EQUIP 07 2008-01-01 991 594 SL 10.000000000000 99 0    
    AGH KITCH EQUIP 07 2008-01-01 1,997 1,200 SL 10.000000000000 200 0    
    AGH CHINA GLASS 07 2008-01-01 8,670 5,202 SL 10.000000000000 867 0    
    AGH CHINA GLASS 07 2008-01-01 7,443 4,464 SL 10.000000000000 744 0    
    AGH ART J SAUL 07 2008-01-01 41,410   L   0 0    
    AGH SPRINKLERS 07 2008-01-01 1,500 900 SL 10.000000000000 150 0    
    AGH LIB BOOKS 07 2008-01-01 1,792 1,074 SL 10.000000000000 179 0    
    AGH HARDWOOD 07 2008-01-01 6,195 930 SL 40.000000000000 155 0    
    AGH HANDLES 07 2008-01-01 1,142 684 SL 10.000000000000 114 0    
    AGH CONST CLEAN 07 2008-01-01 5,000 750 SL 40.000000000000 125 0    
    AGH CONST SUPERV07 2008-01-01 3,000 450 SL 40.000000000000 75 0    
    AGH CONSTCONSUL 07 2008-01-01 500 78 SL 40.000000000000 13 0    
    AGH FURN COSTS 07 2008-01-01 41,177 24,708 SL 10.000000000000 4,118 0    
    AGH CONST CLEAN 07 2008-01-01 2,900 438 SL 40.000000000000 73 0    
    AGH ELEV INSPCT 07 2008-01-01 195 30 SL 40.000000000000 5 0    
    AGH MISC REIMB 07 2008-01-01 1,349 810 SL 10.000000000000 135 0    
    AGH FIRE INSPCT 07 2008-01-01 630 96 SL 40.000000000000 16 0    
    AGH FIRE PROTEC 07 2008-01-01 368 54 SL 40.000000000000 9 0    
    AGH INTERCOM 07 2008-01-01 375 54 SL 40.000000000000 9 0    
    AGH STORAGE 07 2008-01-01 2,764 1,656 SL 10.000000000000 276 0    
    AGH ARCHITECT FEES 2008-01-26 2,063 307 SL 40.000000000000 52 0    
    AGH ARCHITECT FEES 2008-01-26 17   SL 40.000000000000 0 0    
    AGH ARCHITECT FEE 2008-02-24 49 6 SL 40.000000000000 1 0    
    AGH ARCHITECT FEES 2008-02-24 2,250 327 SL 40.000000000000 56 0    
    AGH ARCHITECT FEES 2008-06-01 2,850 397 SL 40.000000000000 71 0    
    AGH ARCHITECT FEES 2008-06-01 1,011 140 SL 40.000000000000 25 0    
    AGH ARCHITECT FEES 2008-06-01 1,297 179 SL 40.000000000000 32 0    
    AGH ARCHITECT FEES 2008-06-01 44 6 SL 40.000000000000 1 0    
    AGH ARCHITECT FEES 2008-07-08 10,631 1,463 SL 40.000000000000 266 0    
    AGH ARCHITECT FEES 2008-11-25 621 81 SL 40.000000000000 16 0    
    AGH ARCHITECT FEES 2008-12-08 4,548 579 SL 40.000000000000 114 0    
    AGH BUILDING CONS 2008-01-18 700 106 SL 40.000000000000 18 0    
    AGH FIR ALARM SYST 2008-01-26 368 53 SL 40.000000000000 9 0    
    AGH FIRE ALARM SYS 2008-01-20 506 77 SL 40.000000000000 13 0    
    AGH DOB CONSULT 2008-01-26 1,725 255 SL 40.000000000000 43 0    
    AGH OWNERS REP CON 2008-06-01 3,333 464 SL 40.000000000000 83 0    
    AGH OWNERS REP CON 2008-06-01 2,709 380 SL 40.000000000000 68 0    
    AGH OWNER REP CONS 2008-06-01 4,425 620 SL 40.000000000000 111 0    
    AGH TCO RENEWAL 2008-06-01 2,325 324 SL 40.000000000000 58 0    
    AGH PERMIT ASSIST 2008-07-10 3,173 435 SL 40.000000000000 79 0    
    AGH LIGHT REPLACE 2008-08-19 3,500 469 SL 40.000000000000 88 0    
    AGH SECURIT SYS 2008-08-19 2,859 1,525 SL 10.000000000000 286 0    
    AGH PERMIT REPAIRS 2008-09-03 390 53 SL 40.000000000000 10 0    
    AGH OWNERS REP SER 2008-10-26 4,853 625 SL 40.000000000000 121 0    
    AGH ELEVATOR REPS 2008-10-26 1,043 134 SL 40.000000000000 26 0    
    AGH FIRE SYSTEM 2008-11-26 412 51 SL 40.000000000000 10 0    
    AGH FIRE SYS 2008-11-26 412 51 SL 40.000000000000 10 0    
    ACH CERT OF OCCUP 2008-12-08 2,775 351 SL 40.000000000000 69 0    
    AGH OWNERS REP 2008-12-08 3,604 458 SL 40.000000000000 90 0    
    AGH CONSUMABLE ASS 2008-02-24 1,467 857 SL 10.000000000000 147 0    
    AGH FURN FOR APTS 2008-08-29 11,709 6,245 SL 10.000000000000 1,171 0    
    AGH SECUR MONIT 2008-09-15 2,199 1,173 SL 10.000000000000 220 0    
    AGH WALL GLASSBOAR 2008-12-23 1,192 595 SL 10.000000000000 119 0    
    AGH FH FURNITURE 2008-12-31 1,576 790 SL 10.000000000000 158 0    
    AGH GUBI DESKS 2008-12-31 4,700 2,350 SL 10.000000000000 470 0    
    AGH RADIATOR INSTA 2008-11-07 16,568 8,561 SL 10.000000000000 1,657 0    
    AGH PAINTING 2008-02-24 48 6 SL 40.000000000000 1 0    
    AGH KARUP 2008-06-19 3,077 423 SL 40.000000000000 77 0    
    AGH ALT CYLINDERS 2008-11-26 2,493 315 SL 40.000000000000 62 0    
    AGH CK CEILING REP 2008-06-25 22,100 3,041 SL 40.000000000000 553 0    
    AGH CK2535 CEILING 2008-06-25 40,000 5,500 SL 40.000000000000 1,000 0    
    AGH CK1193 CONSTRU 2008-07-10 17,148 2,359 SL 40.000000000000 429 0    
    AGH CK1194 CONSTR. 2008-07-10 107,440 14,773 SL 40.000000000000 2,686 0    
    AGH CK2548 CEILING 2008-08-04 56,779 7,686 SL 40.000000000000 1,419 0    
    AGH CK2551 CEILING 2008-08-26 77,668 10,357 SL 40.000000000000 1,942 0    
    AGH CK2596 CEILING 2008-09-26 79,128 10,385 SL 40.000000000000 1,978 0    
    AGH CK2645 CEULING 2008-12-08 2,450 310 SL 40.000000000000 61 0    
    AGH CK2660 3B WALL 2008-12-24 8,000 1,000 SL 40.000000000000 200 0    
    AGH CK2590 BKSK 2008-09-03 1,959 261 SL 40.000000000000 49 0    
    AGH CK2667 BKSK 2008-12-23 600 75 SL 40.000000000000 15 0    
    AGH CK2410 LEVIEN 2008-01-18 5,412 799 SL 40.000000000000 135 0    
    AGH CK2435 BENDIX 2008-02-06 590 89 SL 40.000000000000 15 0    
    AGH CK 2466 LEVIEN 2008-02-24 2,763 403 SL 40.000000000000 69 0    
    AGH CK247 AABC PLU 2008-04-09 125 17 SL 40.000000000000 3 0    
    AGH CK2538 LEVIEN 2008-07-01 3,175 435 SL 40.000000000000 79 0    
    AGH CK1192 LEVIEN 2008-07-10 8,282 1,139 SL 40.000000000000 207 0    
    AGH CK2657 BODAK 2008-12-08 1,969 249 SL 40.000000000000 49 0    
    AGH CK2656 LEVIEN 2008-12-08 825 107 SL 40.000000000000 21 0    
    AGH CK2528 POULSEN 2008-07-08 4,676 2,574 SL 10.000000000000 468 0    
    AGH CK2429 LEGAL 2008-01-26 2,015 296 SL 40.000000000000 50 0    
    AGH CK2428 LEGAL 2008-01-26 1,540 230 SL 40.000000000000 39 0    
    AGH CK2486 LEGAL 2008-04-18 19,376 2,743 SL 40.000000000000 484 0    
    AGH CK2547 LEGAL 2008-07-10 416 55 SL 40.000000000000 10 0    
    AGH CK2578 LEGAL 2008-09-03 48,990 6,533 SL 40.000000000000 1,225 0    
    AGH CK2605 LEGAL 2008-10-26 1,155 150 SL 40.000000000000 29 0    
    AGH CK2606 LEGAL 2008-10-26 3,513 455 SL 40.000000000000 88 0    
    AGH CK2661 LEGAL 2008-12-31 18,713 2,340 SL 40.000000000000 468 0    
    AGH CK2617 NEXUS R 2008-11-07 24,257 3,131 SL 40.000000000000 606 0    
    AGH CK2422 SOFIA 2008-01-26 195 29 SL 40.000000000000 5 0    
    AGH CK2447 SOFIA 2008-02-24 195 29 SL 40.000000000000 5 0    
    AGH CK2507 NYC 2008-06-01 30 5 SL 40.000000000000 1 0    
    AGH CK2577 NYC 2008-09-03 735 96 SL 40.000000000000 18 0    
    AGH CK2588 HRF PRO 2008-09-03 3,964 528 SL 40.000000000000 99 0    
    AGH CK2615 HRF PRO 2008-12-26 412 50 SL 40.000000000000 10 0    
    AGH CK2646 ENDSCAP 2008-12-08 6,580 839 SL 40.000000000000 165 0    
    AGH CK2647 HRF PRO 2008-12-08 546 71 SL 40.000000000000 14 0    
    AGH CK2652 STORAGE 2008-12-08 249 31 SL 40.000000000000 6 0    
    AGH CK2654 TCO 2008-12-08 2,250 285 SL 40.000000000000 56 0    
    AGH 07 CONS ASSETS 2008-01-01 55,567 27,786 SL 12.000000000000 4,631 0    
    AGH BUILDING 2008-01-01 8,023,502 1,203,528 SL 40.000000000000 200,588 0    
    AGH LAND 2008-01-01 2,700,000   L   0 0    
    AGH ENDSCAPE 3B WA 2009-02-13 15,980 1,966 SL 40.000000000000 400 0    
    AGH AMC ELECTRIC 2009-03-31 31,630 3,757 SL 40.000000000000 791 0    
    AGH PROELEVATOR 2009-03-31 3,000 356 SL 40.000000000000 75 0    
    AGH D-LINE 2009-03-31 2,043 242 SL 40.000000000000 51 0    
    AGH OLEK LEJBZON 2009-03-31 22,000 2,613 SL 40.000000000000 550 0    
    AGH TRITECH 2009-03-31 6,200 736 SL 40.000000000000 155 0    
    AGH WASCO SKYLIGHT 2009-03-31 4,267 508 SL 40.000000000000 107 0    
    AGH FORT CICA ROOF 2009-03-31 17,000 2,019 SL 40.000000000000 425 0    
    AGH ELIOU SCOPELI 2009-03-31 1,500 180 SL 40.000000000000 38 0    
    AGH AMETCO FENCE 2009-03-31 15,555 1,848 SL 40.000000000000 389 0    
    AGH PLANT SPECALIS 2009-03-31 2,046 242 SL 40.000000000000 51 0    
    AGH INSBRUCH INT 2009-04-10 2,045 242 SL 40.000000000000 51 0    
    AGH CAERONE CONCRE 2009-07-16 7,725 852 SL 40.000000000000 193 0    
    AGH ENDSCAPE 2009-07-16 8,670 958 SL 40.000000000000 217 0    
    AGH ENDSCAPE 2009-08-08 8,870 980 SL 40.000000000000 222 0    
    AGH INNBRUCK AC DO 2009-12-29 350 36 SL 40.000000000000 9 0    
    AGH LEVIAN 2009-02-22 963 116 SL 40.000000000000 24 0    
    AGH LEVIAN 2009-12-31 1,237 124 SL 40.000000000000 31 0    
    AGH FF 3B 2009-02-13 1,199 590 SL 10.000000000000 120 0    
    AGH LP LIGHTING 2009-02-13 930 457 SL 10.000000000000 93 0    
    AGH HHALL FIX 2009-07-08 1,090 491 SL 10.000000000000 109 0    
    AGH GUBI 2009-10-15 6,124 2,601 SL 10.000000000000 612 0    
    AGH SOFAS IK 2009-12-31 4,057 1,624 SL 10.000000000000 406 0    
    AGH LEGAL ABS 2009-02-22 1,606 193 SL 40.000000000000 40 0    
    AGH LEGAL ABS 2009-02-22 3,022 367 SL 40.000000000000 76 0    
    AGH LEGAL ABS 2009-02-22 2,599 314 SL 40.000000000000 65 0    
    AGH LEGAL ABS 2009-03-24 3,459 409 SL 40.000000000000 86 0    
    AGH LEGAL ABS 2009-05-10 3,272 383 SL 40.000000000000 82 0    
    AGH LEGAL ABS 2009-06-23 19,943 2,245 SL 40.000000000000 499 0    
    AGH LEGAL ABS 2009-07-16 17,043 1,882 SL 40.000000000000 426 0    
    AGH PEAK COOLING 2009-09-27 484 51 SL 40.000000000000 12 0    
    AGH PEAK COOLING 2009-12-03 2,434 249 SL 40.000000000000 61 0    
    AGH PEAK COOLING 2009-12-30 876 88 SL 40.000000000000 22 0    
    AGH STORAGE 2009-02-07 518 64 SL 40.000000000000 13 0    
    AGH STORAGE 2009-03-23 2,490 295 SL 40.000000000000 62 0    
    AGH AUTO RENTAL 2009-03-23 134 15 SL 40.000000000000 3 0    
    AGH LEMAN FREIGHT 2009-03-24 835 100 SL 40.000000000000 21 0    
    AGH LOCKS 2009-10-09 2,022 217 SL 40.000000000000 51 0    
    AGH INNSBRUCK INTE 2009-12-29 7,350 736 SL 40.000000000000 184 0    
    AGH INNSBROCK INTE 2009-12-29 1,550 156 SL 40.000000000000 39 0    
    AGH STORAGE 2009-12-31 1,280 128 SL 40.000000000000 32 0    
    AGH KIM PHILLIPS 2009-03-16 300 38 SL 40.000000000000 8 0    
    AGH LASZIO BODAK 2009-05-10 408 47 SL 40.000000000000 10 0    
    AGH ENDSCAPE 2009-06-23 8,790 990 SL 40.000000000000 220 0    
    AGH L HANSEN 2009-12-31 3,000 300 SL 40.000000000000 75 0    
    AGH TRANS FURN 2009-04-10 2,770 1,316 SL 10.000000000000 277 0    
    AGH LEGAL STARTUP 2009-02-22 2,735 329 SL 40.000000000000 68 0    
    AGH LEGAL SETUP 2009-03-24 5,377 637 SL 40.000000000000 134 0    
    AGH ACT TX STARTUP 2009-04-10 3,320 394 SL 40.000000000000 83 0    
    AGH ACT TX STARTUP 2009-05-10 2,506 294 SL 40.000000000000 63 0    
    AGH LEG TX STARTUP 2009-06-22 14,281 1,607 SL 40.000000000000 357 0    
    AGH LEG TX STARTUP 2009-11-23 20,169 2,058 SL 40.000000000000 504 0    
    AGH LEG TX STARTUP 2009-12-30 20,169 2,016 SL 40.000000000000 504 0    
    AGH ACT TX STARTUP 2009-07-16 8,150 901 SL 40.000000000000 204 0    
    AGH MEMBER REIMBUR 2008-12-23 23,903 2,990 SL 40.000000000000 598 0    
    AGH TOOLS 07 NET 2008-01-01 4,690 2,814 SL 10.000000000000 469 0    
    AGH BOOKSHELVES 10 2010-02-13 1,279 501 SL 10.000000000000 128 0    
    FRIDGE 1A 2010 2010-12-23 1,349 405 SL 10.000000000000 135 0    
    GUBI FREIGHT 10 2010-02-08 819 321 SL 10.000000000000 82 0    
    CIRCULATOR PUMP 1B 2012-12-11 5,018 627 SL 10.000000000000 502 0    
    CIR PUMP INST 1B 2012-12-17 1,950 244 SL 10.000000000000 195 0    
    AGH F AND FIXT 06 2008-01-01 280,195 168,118 SL 10.000000000000 28,020 0    
    AGH F AND FIXT 14 2014-12-27 13,260   SL 10.000000000000 0 0    

    TY 2014 GeneralExplanationAttachment
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Identifier Return Reference Explanation
    INFORMATIONAL PART I, LINE 1 THE FOUNDATION HAS BORROWED A TOTAL OF $19,178,788 FROM ITS SOLE MEMBER BIKUBENFONDEN, A DANISH TAX EXEMPT - NON 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% 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, GUESTS ARE REQUIRED TO REIMBURSE THE FOUNDATION FOR UTILITIES CONSUMED. FOR THE ACADEMIC GUSET HOUSE THE TOTAL OF SUCH REIMBURSEMENTS WERE $59,957. THE GUESTS ARE USUALLY ALL IN THE USA ON TEMPORARY STUDENT, TRAINEE OR SIMILIAR VISAS AND ARE THEREFORE, FROM A TAX ASPECT, CONSIDERED NOT TO BE IN THE USA.

    TY 2014 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 PETERSEN 799 0 799  
    TS BOOKS 3,110 2,720 390  
    AGH CONSTRUCTION C 3,812,001 667,100 3,144,901  
    AGH LEGAL COSTS 119,617 26,910 92,707  
    AGH ARTICHTECT FEE 447,044 78,232 368,812  
    AGH CONSTRUCT CONS 323,053 56,532 266,521  
    AGH LEGAL FEES 5,671 994 4,677  
    AGH PROF FEES 63,377 11,088 52,289  
    AGH MISC ASSETS 24,738 14,434 10,304  
    AGH OTHER 3,268 1,904 1,364  
    AGH FURNITURE 5,971 4,179 1,792  
    AGH CONST 2007 1,554,388 272,020 1,282,368  
    AGH ARCH FEES 2007 133,056 23,282 109,774  
    AGH CONS CONSUL 07 200,225 35,042 165,183  
    AGH FURN & FIXT 07 115,831 20,272 95,559  
    AGH H&K 2226 07 43,690 7,644 36,046  
    AGH H&K 2258 07 4,074 714 3,360  
    AGH H&K 2259 07 788 140 648  
    AGH H&K 2307 07 2,978 518 2,460  
    AGH H&K 2334 07 1,794 315 1,479  
    AGH TELEPHONES 07 2,114 1,477 637  
    AGH BD/BTH EQUIP07 3,783 2,646 1,137  
    AGH TELEVISIONS 07 3,600 2,520 1,080  
    AGH TELEVISIONS 07 4,122 2,884 1,238  
    AGH COMM EQUIP 07 1,953 1,365 588  
    AGH STOR EQUIP 07 991 693 298  
    AGH KITCH EQUIP 07 1,997 1,400 597  
    AGH CHINA GLASS 07 8,670 6,069 2,601  
    AGH CHINA GLASS 07 7,443 5,208 2,235  
    AGH ART J SAUL 07 41,410 0 41,410  
    AGH SPRINKLERS 07 1,500 1,050 450  
    AGH LIB BOOKS 07 1,792 1,253 539  
    AGH HARDWOOD 07 6,195 1,085 5,110  
    AGH HANDLES 07 1,142 798 344  
    AGH CONST CLEAN 07 5,000 875 4,125  
    AGH CONST SUPERV07 3,000 525 2,475  
    AGH CONSTCONSUL 07 500 91 409  
    AGH FURN COSTS 07 41,177 28,826 12,351  
    AGH CONST CLEAN 07 2,900 511 2,389  
    AGH ELEV INSPCT 07 195 35 160  
    AGH MISC REIMB 07 1,349 945 404  
    AGH FIRE INSPCT 07 630 112 518  
    AGH FIRE PROTEC 07 368 63 305  
    AGH INTERCOM 07 375 63 312  
    AGH STORAGE 07 2,764 1,932 832  
    AGH ARCHITECT FEES 2,063 359 1,704  
    AGH ARCHITECT FEES 17 0 17  
    AGH ARCHITECT FEE 49 7 42  
    AGH ARCHITECT FEES 2,250 383 1,867  
    AGH ARCHITECT FEES 2,850 468 2,382  
    AGH ARCHITECT FEES 1,011 165 846  
    AGH ARCHITECT FEES 1,297 211 1,086  
    AGH ARCHITECT FEES 44 7 37  
    AGH ARCHITECT FEES 10,631 1,729 8,902  
    AGH ARCHITECT FEES 621 97 524  
    AGH ARCHITECT FEES 4,548 693 3,855  
    AGH BUILDING CONS 700 124 576  
    AGH FIR ALARM SYST 368 62 306  
    AGH FIRE ALARM SYS 506 90 416  
    AGH DOB CONSULT 1,725 298 1,427  
    AGH OWNERS REP CON 3,333 547 2,786  
    AGH OWNERS REP CON 2,709 448 2,261  
    AGH OWNER REP CONS 4,425 731 3,694  
    AGH TCO RENEWAL 2,325 382 1,943  
    AGH PERMIT ASSIST 3,173 514 2,659  
    AGH LIGHT REPLACE 3,500 557 2,943  
    AGH SECURIT SYS 2,859 1,811 1,048  
    AGH PERMIT REPAIRS 390 63 327  
    AGH OWNERS REP SER 4,853 746 4,107  
    AGH ELEVATOR REPS 1,043 160 883  
    AGH FIRE SYSTEM 412 61 351  
    AGH FIRE SYS 412 61 351  
    ACH CERT OF OCCUP 2,775 420 2,355  
    AGH OWNERS REP 3,604 548 3,056  
    AGH CONSUMABLE ASS 1,467 1,004 463  
    AGH FURN FOR APTS 11,709 7,416 4,293  
    AGH SECUR MONIT 2,199 1,393 806  
    AGH WALL GLASSBOAR 1,192 714 478  
    AGH FH FURNITURE 1,576 948 628  
    AGH GUBI DESKS 4,700 2,820 1,880  
    AGH RADIATOR INSTA 16,568 10,218 6,350  
    AGH PAINTING 48 7 41  
    AGH KARUP 3,077 500 2,577  
    AGH ALT CYLINDERS 2,493 377 2,116  
    AGH CK CEILING REP 22,100 3,594 18,506  
    AGH CK2535 CEILING 40,000 6,500 33,500  
    AGH CK1193 CONSTRU 17,148 2,788 14,360  
    AGH CK1194 CONSTR. 107,440 17,459 89,981  
    AGH CK2548 CEILING 56,779 9,105 47,674  
    AGH CK2551 CEILING 77,668 12,299 65,369  
    AGH CK2596 CEILING 79,128 12,363 66,765  
    AGH CK2645 CEULING 2,450 371 2,079  
    AGH CK2660 3B WALL 8,000 1,200 6,800  
    AGH CK2590 BKSK 1,959 310 1,649  
    AGH CK2667 BKSK 600 90 510  
    AGH CK2410 LEVIEN 5,412 934 4,478  
    AGH CK2435 BENDIX 590 104 486  
    AGH CK 2466 LEVIEN 2,763 472 2,291  
    AGH CK247 AABC PLU 125 20 105  
    AGH CK2538 LEVIEN 3,175 514 2,661  
    AGH CK1192 LEVIEN 8,282 1,346 6,936  
    AGH CK2657 BODAK 1,969 298 1,671  
    AGH CK2656 LEVIEN 825 128 697  
    AGH CK2528 POULSEN 4,676 3,042 1,634  
    AGH CK2429 LEGAL 2,015 346 1,669  
    AGH CK2428 LEGAL 1,540 269 1,271  
    AGH CK2486 LEGAL 19,376 3,227 16,149  
    AGH CK2547 LEGAL 416 65 351  
    AGH CK2578 LEGAL 48,990 7,758 41,232  
    AGH CK2605 LEGAL 1,155 179 976  
    AGH CK2606 LEGAL 3,513 543 2,970  
    AGH CK2661 LEGAL 18,713 2,808 15,905  
    AGH CK2617 NEXUS R 24,257 3,737 20,520  
    AGH CK2422 SOFIA 195 34 161  
    AGH CK2447 SOFIA 195 34 161  
    AGH CK2507 NYC 30 6 24  
    AGH CK2577 NYC 735 114 621  
    AGH CK2588 HRF PRO 3,964 627 3,337  
    AGH CK2615 HRF PRO 412 60 352  
    AGH CK2646 ENDSCAP 6,580 1,004 5,576  
    AGH CK2647 HRF PRO 546 85 461  
    AGH CK2652 STORAGE 249 37 212  
    AGH CK2654 TCO 2,250 341 1,909  
    AGH 07 CONS ASSETS 55,567 32,417 23,150  
    AGH BUILDING 8,023,502 1,404,116 6,619,386  
    AGH LAND 2,700,000 0 2,700,000  
    AGH ENDSCAPE 3B WA 15,980 2,366 13,614  
    AGH AMC ELECTRIC 31,630 4,548 27,082  
    AGH PROELEVATOR 3,000 431 2,569  
    AGH D-LINE 2,043 293 1,750  
    AGH OLEK LEJBZON 22,000 3,163 18,837  
    AGH TRITECH 6,200 891 5,309  
    AGH WASCO SKYLIGHT 4,267 615 3,652  
    AGH FORT CICA ROOF 17,000 2,444 14,556  
    AGH ELIOU SCOPELI 1,500 218 1,282  
    AGH AMETCO FENCE 15,555 2,237 13,318  
    AGH PLANT SPECALIS 2,046 293 1,753  
    AGH INSBRUCH INT 2,045 293 1,752  
    AGH CAERONE CONCRE 7,725 1,045 6,680  
    AGH ENDSCAPE 8,670 1,175 7,495  
    AGH ENDSCAPE 8,870 1,202 7,668  
    AGH INNBRUCK AC DO 350 45 305  
    AGH LEVIAN 963 140 823  
    AGH LEVIAN 1,237 155 1,082  
    AGH FF 3B 1,199 710 489  
    AGH LP LIGHTING 930 550 380  
    AGH HHALL FIX 1,090 600 490  
    AGH GUBI 6,124 3,213 2,911  
    AGH SOFAS IK 4,057 2,030 2,027  
    AGH LEGAL ABS 1,606 233 1,373  
    AGH LEGAL ABS 3,022 443 2,579  
    AGH LEGAL ABS 2,599 379 2,220  
    AGH LEGAL ABS 3,459 495 2,964  
    AGH LEGAL ABS 3,272 465 2,807  
    AGH LEGAL ABS 19,943 2,744 17,199  
    AGH LEGAL ABS 17,043 2,308 14,735  
    AGH PEAK COOLING 484 63 421  
    AGH PEAK COOLING 2,434 310 2,124  
    AGH PEAK COOLING 876 110 766  
    AGH STORAGE 518 77 441  
    AGH STORAGE 2,490 357 2,133  
    AGH AUTO RENTAL 134 18 116  
    AGH LEMAN FREIGHT 835 121 714  
    AGH LOCKS 2,022 268 1,754  
    AGH INNSBRUCK INTE 7,350 920 6,430  
    AGH INNSBROCK INTE 1,550 195 1,355  
    AGH STORAGE 1,280 160 1,120  
    AGH KIM PHILLIPS 300 46 254  
    AGH LASZIO BODAK 408 57 351  
    AGH ENDSCAPE 8,790 1,210 7,580  
    AGH L HANSEN 3,000 375 2,625  
    AGH TRANS FURN 2,770 1,593 1,177  
    AGH LEGAL STARTUP 2,735 397 2,338  
    AGH LEGAL SETUP 5,377 771 4,606  
    AGH ACT TX STARTUP 3,320 477 2,843  
    AGH ACT TX STARTUP 2,506 357 2,149  
    AGH LEG TX STARTUP 14,281 1,964 12,317  
    AGH LEG TX STARTUP 20,169 2,562 17,607  
    AGH LEG TX STARTUP 20,169 2,520 17,649  
    AGH ACT TX STARTUP 8,150 1,105 7,045  
    AGH MEMBER REIMBUR 23,903 3,588 20,315  
    AGH TOOLS 07 NET 4,690 3,283 1,407  
    AGH BOOKSHELVES 10 1,279 629 650  
    FRIDGE 1A 2010 1,349 540 809  
    GUBI FREIGHT 10 819 403 416  
    CIRCULATOR PUMP 1B 5,018 1,129 3,889  
    CIR PUMP INST 1B 1,950 439 1,511  
    AGH F AND FIXT 06 280,195 196,138 84,057  
    AGH F AND FIXT 14 13,260 0 13,260  


    TY 2014 LegalFeesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PATTERSON BELKNAP, WEBB & TYLER 417 0   417


    TY 2014 LoansFromOfficersSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849

    Item No. 1
    Lender's Name BIKUBENFONDEN SOLE MEMBER OF CORPOR
    Lender's Title  
    Original Amount of Loan 10171567
    Balance Due 10171567
    Date of Note 2005-09
    Maturity Date  
    Repayment Terms SALE/DISPOSITION PROPERTY; INSOLVENCY; BANKRUPTCY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan FUND PURCHASE/RENOVATION ACADEMIC GUEST HOUSE
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 2
    Lender's Name BIKUBENFONDEN SOLE MEMBER OF CORPOR
    Lender's Title  
    Original Amount of Loan 5090100
    Balance Due 5090100
    Date of Note 2006-12
    Maturity Date  
    Repayment Terms SALE/DISPOSITION PROPERTY; INSOLVENCY; BANKRUPTCY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan FUND PURCHASE/RENOVATION ACADEMIC GUEST HOUSE
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 3
    Lender's Name BIKUBENFONDEN SOLE MEMBER OF CORPOR
    Lender's Title  
    Original Amount of Loan 2288185
    Balance Due 2288185
    Date of Note 2007-12
    Maturity Date  
    Repayment Terms SALE/DISPOSITION PROPERTY; INSOLVENCY; BANKRUPTCY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan FUND PURCHASE/RENOVATION ACADEMIC GUEST HOUSE
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 4
    Lender's Name BIKUBENFONDEN SOLE MEMBER OF CORPOR
    Lender's Title  
    Original Amount of Loan 727557
    Balance Due 727557
    Date of Note 2008-12
    Maturity Date  
    Repayment Terms SALE/DISPOSITION PROPERTY; INSOLVENCY; BANKRUPTCY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan FUND PURCHASE/RENOVATION ACADEMIC GUEST HOUSE
    Description of Lender Consideration CASH
    Consideration FMV  

    Item No. 5
    Lender's Name BIKUBENFONDEN SOLE MEMBER OF CORPOR
    Lender's Title  
    Original Amount of Loan 901379
    Balance Due 901379
    Date of Note 2009-12
    Maturity Date  
    Repayment Terms SALE/DISPOSITION PROPERTY; INSOLVENCY; BANKRUPTCY
    Interest Rate  
    Security Provided by Borrower NONE
    Purpose of Loan FUND PURCHASE/RENOVATION ACADEMIC GUEST HOUSE
    Description of Lender Consideration CASH
    Consideration FMV  


    TY 2014 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 11,953 9,072 9,072


    TY 2014 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 3,500 0   3,500
    ENTERTAINMENT 2,836 0   2,836
    PAYROLL SERVICE CHARGE 2,588 0   2,588
    UTILITIES 40,658 0   40,658
    BANK CHARGES 183 0   183
    MISCELLANEOUS 822 0   822
    POSTAGE 481 0   481
    SUPPLIES AND MATERIALS 20,272 0   20,272
    REPAIRS 34,614 0   34,614
    MAINTENANCE 15,953 0   15,953
    INSURANCE 34,456 0   34,456
    FIRE PROTECTION 7,856 0   7,856
    PROGRAMMING 4,340 0   4,340
    SERVICES INC COMMUNICATION 22,130 0   22,130
    STORAGE 1,013 0   1,013
    WITHHOLDING TAX PENALTIES 300 0   300
    TAXES 8,522 0   8,522


    TY 2014 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 59,957   59,957


    TY 2014 TaxesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN: 58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 5,524 0   5,524