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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$13,924,622J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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.............
3 Interest on savings and temporary cash investments 240    
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 59,819 0  
12 Total. Add lines 1 through 11........ 60,059 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,000 0   10,000
14 Other employee salaries and wages...... 64,309 0   64,309
15 Pension plans, employee benefits....... 6,438 0   6,438
16a Legal fees (attach schedule)......... Click to see attachment 1,948 0   1,948
b Accounting fees (attach schedule)....... Click to see attachment 12,445 0   6,223
c Other professional fees (attach schedule)....        
17 Interest............... 39,375 0   39,375
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,858 0   5,858
19 Depreciation (attach schedule) and depletion... Click to see attachment 404,899 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,152 0   7,152
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 151,759 0   151,759
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 704,183 0   293,062
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 704,183 0   293,062
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -644,124
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 (2020)
Form 990-PF (2020)
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............. 577,728 367,166 367,166
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 bullet19,108,420
Less: accumulated depreciation (attach schedule) bullet5,585,961 13,922,546 Click to see attachment13,522,459 13,522,458
15 Other assets (describe bullet) Click to see attachment32,040 Click to see attachment34,998 Click to see attachment34,998
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,532,314 13,924,623 13,924,622
Liabilities 17 Accounts payable and accrued expenses.......... 2,707 -234
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) Click to see attachment72,191 Click to see attachment111,565
23 Total liabilities (add lines 17 through 22)......... 19,253,686 19,290,119
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... -4,721,372 -5,365,496
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... -4,721,372 -5,365,496
30 Total liabilities and net assets/fund balances (see instructions). 14,532,314 13,924,623
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
-4,721,372
2
Enter amount from Part I, line 27a .....................
2
-644,124
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
-5,365,496
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 29 .
6
-5,365,496
Form 990-PF (2020)
Form 990-PF (2020)
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 0
c All other domestic foundations enter 1.39% 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 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 2021 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? See the 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
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    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
     
     
    ........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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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 DIRECTOR/TREASURER
    5.00     		0 0 0
    36 WEST 74TH STREET
    NEW YORK,NY10023
    SOEREN KAARE-ANDERSEN DIRECTOR / BOARD CHAIRPERSON
    1.00     		0 0 0
    OTTO MONSTED GADE 5
    COPENHAGEN V   1571
    DA
    NIELS SMEDEGAARD DIRECTOR/ SECRETARY
    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
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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.THE FOUNDATION HOUSED 40 GRADUATE STUDENTS THAT ATTENDED UNIVERSITIES AND COLLEGES LOCATED THROUGH OUT NEW YORK CITY DURING 2016. THE ESTIMATED HOUSING PROVIDED TO THE STUDENTS IS VALUED AT $183,200. 169,273
    2  
    3  
    4  
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    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
    484,186
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    484,186
    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
    484,186
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    7,263
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    476,923
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    23,846
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    23,846
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (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
    23,846
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    23,846
    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
    23,846
    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
    293,062
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    293,062
    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
    293,062
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 23,846
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 279,834
    b From 2016...... 112,991
    c From 2017...... 253,500
    d From 2018...... 231,870
    e From 2019...... 378,357
    fTotal of lines 3a through e........ 1,256,552
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 293,062
    a Applied to 2019, 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 2020 distributable amount..... 23,846
    e Remaining amount distributed out of corpus 269,216
    5 Excess distributions carryover applied to 2020. 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 1,525,768
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		279,834
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,245,934
    10 Analysis of line 9:
    a Excess from 2016.... 112,991
    b Excess from 2017.... 253,500
    c Excess from 2018.... 231,870
    d Excess from 2019.... 378,357
    e Excess from 2020.... 269,216
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 foundation 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:
    SPRING 2020 DEADLINE WAS JUNE 15, 2019. AUTUMN 2020 DEADLINE WAS JUNE 15, 2020.
    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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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         59,819
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 240  
    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).. 0 240 59,819
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    60,059
    (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 (2020)
    Form 990-PF (2020)
    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) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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 instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 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 12,445 0   6,223

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

    TY 2020 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 3,110 SL 12.000000000000 0 0    
    AGH CONSTRUCTION C 2008-01-01 3,812,001 1,143,600 SL 40.000000000000 95,300 0    
    AGH LEGAL COSTS 2006-01-01 119,617 41,860 SL 40.000000000000 2,990 0    
    AGH ARTICHTECT FEE 2008-01-01 447,044 134,112 SL 40.000000000000 11,176 0    
    AGH CONSTRUCT CONS 2008-01-01 323,053 96,912 SL 40.000000000000 8,076 0    
    AGH LEGAL FEES 2008-01-01 5,671 1,704 SL 40.000000000000 142 0    
    AGH PROF FEES 2008-01-01 63,377 19,008 SL 40.000000000000 1,584 0    
    AGH CONST 2007 2008-01-01 1,554,388 466,320 SL 40.000000000000 38,860 0    
    AGH ARCH FEES 2007 2008-01-01 133,056 39,912 SL 40.000000000000 3,326 0    
    AGH CONS CONSUL 07 2008-01-01 200,225 60,072 SL 40.000000000000 5,006 0    
    AGH FURN & FIXT 07 2008-01-01 115,831 34,752 SL 40.000000000000 2,896 0    
    AGH H&K 2226 07 2008-01-01 43,690 13,104 SL 40.000000000000 1,092 0    
    AGH H&K 2258 07 2008-01-01 4,074 1,224 SL 40.000000000000 102 0    
    AGH H&K 2259 07 2008-01-01 788 240 SL 40.000000000000 20 0    
    AGH H&K 2307 07 2008-01-01 2,978 888 SL 40.000000000000 74 0    
    AGH H&K 2334 07 2008-01-01 1,794 540 SL 40.000000000000 45 0    
    AGH ART J SAUL 07 2008-01-01 41,410   L   0 0    
    AGH SPRINKLERS 07 2008-01-01 1,500 1,500 SL 10.000000000000 0 0    
    AGH HARDWOOD 07 2008-01-01 6,195 1,860 SL 40.000000000000 155 0    
    AGH CONST CLEAN 07 2008-01-01 5,000 1,500 SL 40.000000000000 125 0    
    AGH CONST SUPERV07 2008-01-01 3,000 900 SL 40.000000000000 75 0    
    AGH CONSTCONSUL 07 2008-01-01 500 156 SL 40.000000000000 13 0    
    AGH FURN COSTS 07 2008-01-01 41,177 41,177 SL 10.000000000000 0 0    
    AGH CONST CLEAN 07 2008-01-01 2,900 876 SL 40.000000000000 73 0    
    AGH ELEV INSPCT 07 2008-01-01 195 60 SL 40.000000000000 5 0    
    AGH MISC REIMB 07 2008-01-01 1,349 1,349 SL 10.000000000000 0 0    
    AGH FIRE INSPCT 07 2008-01-01 630 192 SL 40.000000000000 16 0    
    AGH FIRE PROTEC 07 2008-01-01 368 108 SL 40.000000000000 9 0    
    AGH INTERCOM 07 2008-01-01 375 108 SL 40.000000000000 9 0    
    AGH ARCHITECT FEES 2008-01-26 2,063 619 SL 40.000000000000 52 0    
    AGH ARCHITECT FEES 2008-01-26 17   SL 40.000000000000 0 0    
    AGH ARCHITECT FEE 2008-02-24 49 12 SL 40.000000000000 1 0    
    AGH ARCHITECT FEES 2008-02-24 2,250 663 SL 40.000000000000 56 0    
    AGH ARCHITECT FEES 2008-06-01 2,850 823 SL 40.000000000000 71 0    
    AGH ARCHITECT FEES 2008-06-01 1,011 290 SL 40.000000000000 25 0    
    AGH ARCHITECT FEES 2008-06-01 1,297 371 SL 40.000000000000 32 0    
    AGH ARCHITECT FEES 2008-06-01 44 12 SL 40.000000000000 1 0    
    AGH ARCHITECT FEES 2008-07-08 10,631 3,059 SL 40.000000000000 266 0    
    AGH ARCHITECT FEES 2008-11-25 621 177 SL 40.000000000000 16 0    
    AGH ARCHITECT FEES 2008-12-08 4,548 1,263 SL 40.000000000000 114 0    
    AGH BUILDING CONS 2008-01-18 700 214 SL 40.000000000000 18 0    
    AGH FIR ALARM SYST 2008-01-26 368 107 SL 40.000000000000 9 0    
    AGH FIRE ALARM SYS 2008-01-20 506 155 SL 40.000000000000 13 0    
    AGH DOB CONSULT 2008-01-26 1,725 513 SL 40.000000000000 43 0    
    AGH OWNERS REP CON 2008-06-01 3,333 962 SL 40.000000000000 83 0    
    AGH OWNERS REP CON 2008-06-01 2,709 788 SL 40.000000000000 68 0    
    AGH OWNER REP CONS 2008-06-01 4,425 1,286 SL 40.000000000000 111 0    
    AGH TCO RENEWAL 2008-06-01 2,325 672 SL 40.000000000000 58 0    
    AGH PERMIT ASSIST 2008-07-10 3,173 909 SL 40.000000000000 79 0    
    AGH LIGHT REPLACE 2008-08-19 3,500 997 SL 40.000000000000 88 0    
    AGH SECURIT SYS 2008-08-19 2,859 2,859 SL 10.000000000000 0 0    
    AGH PERMIT REPAIRS 2008-09-03 390 113 SL 40.000000000000 10 0    
    AGH OWNERS REP SER 2008-10-26 4,853 1,351 SL 40.000000000000 121 0    
    AGH ELEVATOR REPS 2008-10-26 1,043 290 SL 40.000000000000 26 0    
    AGH FIRE SYSTEM 2008-11-26 412 111 SL 40.000000000000 10 0    
    AGH FIRE SYS 2008-11-26 412 111 SL 40.000000000000 10 0    
    ACH CERT OF OCCUP 2008-12-08 2,775 765 SL 40.000000000000 69 0    
    AGH OWNERS REP 2008-12-08 3,604 998 SL 40.000000000000 90 0    
    AGH FURN FOR APTS 2008-08-29 11,709 11,709 SL 10.000000000000 0 0    
    AGH WALL GLASSBOAR 2008-12-23 1,192 1,190 SL 10.000000000000 0 0    
    AGH RADIATOR INSTA 2008-11-07 16,568 16,568 SL 10.000000000000 0 0    
    AGH PAINTING 2008-02-24 48 12 SL 40.000000000000 1 0    
    AGH KARUP 2008-06-19 3,077 885 SL 40.000000000000 77 0    
    AGH ALT CYLINDERS 2008-11-26 2,493 687 SL 40.000000000000 62 0    
    AGH CK CEILING REP 2008-06-25 22,100 6,359 SL 40.000000000000 553 0    
    AGH CK2535 CEILING 2008-06-25 40,000 11,500 SL 40.000000000000 1,000 0    
    AGH CK1193 CONSTRU 2008-07-10 17,148 4,933 SL 40.000000000000 429 0    
    AGH CK1194 CONSTR. 2008-07-10 107,440 30,889 SL 40.000000000000 2,686 0    
    AGH CK2548 CEILING 2008-08-04 56,779 16,200 SL 40.000000000000 1,419 0    
    AGH CK2551 CEILING 2008-08-26 77,668 22,009 SL 40.000000000000 1,942 0    
    AGH CK2596 CEILING 2008-09-26 79,128 22,253 SL 40.000000000000 1,978 0    
    AGH CK2645 CEULING 2008-12-08 2,450 676 SL 40.000000000000 61 0    
    AGH CK2660 3B WALL 2008-12-24 8,000 2,200 SL 40.000000000000 200 0    
    AGH CK2590 BKSK 2008-09-03 1,959 555 SL 40.000000000000 49 0    
    AGH CK2667 BKSK 2008-12-23 600 165 SL 40.000000000000 15 0    
    AGH CK2410 LEVIEN 2008-01-18 5,412 1,609 SL 40.000000000000 135 0    
    AGH CK2435 BENDIX 2008-02-06 590 179 SL 40.000000000000 15 0    
    AGH CK 2466 LEVIEN 2008-02-24 2,763 817 SL 40.000000000000 69 0    
    AGH CK247 AABC PLU 2008-04-09 125 35 SL 40.000000000000 3 0    
    AGH CK2538 LEVIEN 2008-07-01 3,175 909 SL 40.000000000000 79 0    
    AGH CK1192 LEVIEN 2008-07-10 8,282 2,381 SL 40.000000000000 207 0    
    AGH CK2657 BODAK 2008-12-08 1,969 543 SL 40.000000000000 49 0    
    AGH CK2656 LEVIEN 2008-12-08 825 233 SL 40.000000000000 21 0    
    AGH CK2429 LEGAL 2008-01-26 2,015 596 SL 40.000000000000 50 0    
    AGH CK2428 LEGAL 2008-01-26 1,540 464 SL 40.000000000000 39 0    
    AGH CK2486 LEGAL 2008-04-18 19,376 5,647 SL 40.000000000000 484 0    
    AGH CK2547 LEGAL 2008-07-10 416 115 SL 40.000000000000 10 0    
    AGH CK2578 LEGAL 2008-09-03 48,990 13,883 SL 40.000000000000 1,225 0    
    AGH CK2605 LEGAL 2008-10-26 1,155 324 SL 40.000000000000 29 0    
    AGH CK2606 LEGAL 2008-10-26 3,513 983 SL 40.000000000000 88 0    
    AGH CK2661 LEGAL 2008-12-31 18,713 5,148 SL 40.000000000000 468 0    
    AGH CK2617 NEXUS R 2008-11-07 24,257 6,767 SL 40.000000000000 606 0    
    AGH CK2422 SOFIA 2008-01-26 195 59 SL 40.000000000000 5 0    
    AGH CK2447 SOFIA 2008-02-24 195 59 SL 40.000000000000 5 0    
    AGH CK2507 NYC 2008-06-01 30 11 SL 40.000000000000 1 0    
    AGH CK2577 NYC 2008-09-03 735 204 SL 40.000000000000 18 0    
    AGH CK2588 HRF PRO 2008-09-03 3,964 1,122 SL 40.000000000000 99 0    
    AGH CK2615 HRF PRO 2008-12-26 412 110 SL 40.000000000000 10 0    
    AGH CK2646 ENDSCAP 2008-12-08 6,580 1,829 SL 40.000000000000 165 0    
    AGH CK2647 HRF PRO 2008-12-08 546 155 SL 40.000000000000 14 0    
    AGH CK2652 STORAGE 2008-12-08 249 67 SL 40.000000000000 6 0    
    AGH CK2654 TCO 2008-12-08 2,250 621 SL 40.000000000000 56 0    
    AGH 07 CONS ASSETS 2008-01-01 55,567 55,567 SL 12.000000000000 0 0    
    AGH BUILDING 2008-01-01 8,023,502 2,407,056 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 4,366 SL 40.000000000000 400 0    
    AGH AMC ELECTRIC 2009-03-31 31,630 8,503 SL 40.000000000000 791 0    
    AGH PROELEVATOR 2009-03-31 3,000 806 SL 40.000000000000 75 0    
    AGH D-LINE 2009-03-31 2,043 548 SL 40.000000000000 51 0    
    AGH OLEK LEJBZON 2009-03-31 22,000 5,913 SL 40.000000000000 550 0    
    AGH TRITECH 2009-03-31 6,200 1,666 SL 40.000000000000 155 0    
    AGH WASCO SKYLIGHT 2009-03-31 4,267 1,150 SL 40.000000000000 107 0    
    AGH FORT CICA ROOF 2009-03-31 17,000 4,569 SL 40.000000000000 425 0    
    AGH ELIOU SCOPELI 2009-03-31 1,500 408 SL 40.000000000000 38 0    
    AGH AMETCO FENCE 2009-03-31 15,555 4,182 SL 40.000000000000 389 0    
    AGH PLANT SPECALIS 2009-03-31 2,046 548 SL 40.000000000000 51 0    
    AGH INSBRUCH INT 2009-04-10 2,045 548 SL 40.000000000000 51 0    
    AGH CAERONE CONCRE 2009-07-16 7,725 2,010 SL 40.000000000000 193 0    
    AGH ENDSCAPE 2009-07-16 8,670 2,260 SL 40.000000000000 217 0    
    AGH ENDSCAPE 2009-08-08 8,870 2,312 SL 40.000000000000 222 0    
    AGH INNBRUCK AC DO 2009-12-29 350 90 SL 40.000000000000 9 0    
    AGH LEVIAN 2009-02-22 963 260 SL 40.000000000000 24 0    
    AGH LEVIAN 2009-12-31 1,237 310 SL 40.000000000000 31 0    
    AGH LEGAL ABS 2009-02-22 1,606 433 SL 40.000000000000 40 0    
    AGH LEGAL ABS 2009-02-22 3,022 823 SL 40.000000000000 76 0    
    AGH LEGAL ABS 2009-02-22 2,599 704 SL 40.000000000000 65 0    
    AGH LEGAL ABS 2009-03-24 3,459 925 SL 40.000000000000 86 0    
    AGH LEGAL ABS 2009-05-10 3,272 875 SL 40.000000000000 82 0    
    AGH LEGAL ABS 2009-06-23 19,943 5,239 SL 40.000000000000 499 0    
    AGH LEGAL ABS 2009-07-16 17,043 4,438 SL 40.000000000000 426 0    
    AGH PEAK COOLING 2009-09-27 484 123 SL 40.000000000000 12 0    
    AGH PEAK COOLING 2009-12-03 2,434 615 SL 40.000000000000 61 0    
    AGH PEAK COOLING 2009-12-30 876 220 SL 40.000000000000 22 0    
    AGH STORAGE 2009-02-07 518 142 SL 40.000000000000 13 0    
    AGH STORAGE 2009-03-23 2,490 667 SL 40.000000000000 62 0    
    AGH AUTO RENTAL 2009-03-23 134 33 SL 40.000000000000 3 0    
    AGH LEMAN FREIGHT 2009-03-24 835 226 SL 40.000000000000 21 0    
    AGH LOCKS 2009-10-09 2,022 523 SL 40.000000000000 51 0    
    AGH INNSBRUCK INTE 2009-12-29 7,350 1,840 SL 40.000000000000 184 0    
    AGH INNSBROCK INTE 2009-12-29 1,550 390 SL 40.000000000000 39 0    
    AGH STORAGE 2009-12-31 1,280 320 SL 40.000000000000 32 0    
    AGH KIM PHILLIPS 2009-03-16 300 86 SL 40.000000000000 8 0    
    AGH LASZIO BODAK 2009-05-10 408 107 SL 40.000000000000 10 0    
    AGH ENDSCAPE 2009-06-23 8,790 2,310 SL 40.000000000000 220 0    
    AGH L HANSEN 2009-12-31 3,000 750 SL 40.000000000000 75 0    
    AGH LEGAL STARTUP 2009-02-22 2,735 737 SL 40.000000000000 68 0    
    AGH LEGAL SETUP 2009-03-24 5,377 1,441 SL 40.000000000000 134 0    
    AGH ACT TX STARTUP 2009-04-10 3,320 892 SL 40.000000000000 83 0    
    AGH ACT TX STARTUP 2009-05-10 2,506 672 SL 40.000000000000 63 0    
    AGH LEG TX STARTUP 2009-06-22 14,281 3,749 SL 40.000000000000 357 0    
    AGH LEG TX STARTUP 2009-11-23 20,169 5,082 SL 40.000000000000 504 0    
    AGH LEG TX STARTUP 2009-12-30 20,169 5,040 SL 40.000000000000 504 0    
    AGH ACT TX STARTUP 2009-07-16 8,150 2,125 SL 40.000000000000 204 0    
    AGH MEMBER REIMBUR 2008-12-23 23,903 6,578 SL 40.000000000000 598 0    
    CIRCULATOR PUMP 1B 2012-12-11 5,018 3,639 SL 10.000000000000 502 0    
    CIR PUMP INST 1B 2012-12-17 1,950 1,414 SL 10.000000000000 195 0    
    AGH F AND FIXT 06 2008-01-01 280,195 280,195 SL 10.000000000000 0 0    
    AGH F AND FIXT 14 2014-12-27 13,260 6,630 SL 10.000000000000 1,326 0    
    WATER HEATER 2016-09-07 28,190 9,397 SL 10.000000000000 2,819 0    
    ROOFWORK 2017-06-27 39,800 4,975 SL 20.000000000000 1,990 0    
    AGH F AND FIXT 06 2017-06-15 5,429 1,403 SL 10.000000000000 543 0    
    OUTDOOR FURNITURE 2017-10-11 4,167 938 SL 10.000000000000 417 0    
    WASHING MACHINE 2019-12-23 4,205   SL 5.000000000000 841 0    
    WASHING MACHINE 2020-08-31 4,812   SL 10.000000000000 160 0    

    TY 2020 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 $67,839. 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 2020 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 3,110 0  
    AGH CONSTRUCTION C 3,812,001 1,238,900 2,573,101  
    AGH LEGAL COSTS 119,617 44,850 74,767  
    AGH ARTICHTECT FEE 447,044 145,288 301,756  
    AGH CONSTRUCT CONS 323,053 104,988 218,065  
    AGH LEGAL FEES 5,671 1,846 3,825  
    AGH PROF FEES 63,377 20,592 42,785  
    AGH CONST 2007 1,554,388 505,180 1,049,208  
    AGH ARCH FEES 2007 133,056 43,238 89,818  
    AGH CONS CONSUL 07 200,225 65,078 135,147  
    AGH FURN & FIXT 07 115,831 37,648 78,183  
    AGH H&K 2226 07 43,690 14,196 29,494  
    AGH H&K 2258 07 4,074 1,326 2,748  
    AGH H&K 2259 07 788 260 528  
    AGH H&K 2307 07 2,978 962 2,016  
    AGH H&K 2334 07 1,794 585 1,209  
    AGH ART J SAUL 07 41,410 0 41,410  
    AGH SPRINKLERS 07 1,500 1,500 0  
    AGH HARDWOOD 07 6,195 2,015 4,180  
    AGH CONST CLEAN 07 5,000 1,625 3,375  
    AGH CONST SUPERV07 3,000 975 2,025  
    AGH CONSTCONSUL 07 500 169 331  
    AGH FURN COSTS 07 41,177 41,177 0  
    AGH CONST CLEAN 07 2,900 949 1,951  
    AGH ELEV INSPCT 07 195 65 130  
    AGH MISC REIMB 07 1,349 1,349 0  
    AGH FIRE INSPCT 07 630 208 422  
    AGH FIRE PROTEC 07 368 117 251  
    AGH INTERCOM 07 375 117 258  
    AGH ARCHITECT FEES 2,063 671 1,392  
    AGH ARCHITECT FEES 17 0 17  
    AGH ARCHITECT FEE 49 13 36  
    AGH ARCHITECT FEES 2,250 719 1,531  
    AGH ARCHITECT FEES 2,850 894 1,956  
    AGH ARCHITECT FEES 1,011 315 696  
    AGH ARCHITECT FEES 1,297 403 894  
    AGH ARCHITECT FEES 44 13 31  
    AGH ARCHITECT FEES 10,631 3,325 7,306  
    AGH ARCHITECT FEES 621 193 428  
    AGH ARCHITECT FEES 4,548 1,377 3,171  
    AGH BUILDING CONS 700 232 468  
    AGH FIR ALARM SYST 368 116 252  
    AGH FIRE ALARM SYS 506 168 338  
    AGH DOB CONSULT 1,725 556 1,169  
    AGH OWNERS REP CON 3,333 1,045 2,288  
    AGH OWNERS REP CON 2,709 856 1,853  
    AGH OWNER REP CONS 4,425 1,397 3,028  
    AGH TCO RENEWAL 2,325 730 1,595  
    AGH PERMIT ASSIST 3,173 988 2,185  
    AGH LIGHT REPLACE 3,500 1,085 2,415  
    AGH SECURIT SYS 2,859 2,859 0  
    AGH PERMIT REPAIRS 390 123 267  
    AGH OWNERS REP SER 4,853 1,472 3,381  
    AGH ELEVATOR REPS 1,043 316 727  
    AGH FIRE SYSTEM 412 121 291  
    AGH FIRE SYS 412 121 291  
    ACH CERT OF OCCUP 2,775 834 1,941  
    AGH OWNERS REP 3,604 1,088 2,516  
    AGH FURN FOR APTS 11,709 11,709 0  
    AGH WALL GLASSBOAR 1,192 1,190 2  
    AGH RADIATOR INSTA 16,568 16,568 0  
    AGH PAINTING 48 13 35  
    AGH KARUP 3,077 962 2,115  
    AGH ALT CYLINDERS 2,493 749 1,744  
    AGH CK CEILING REP 22,100 6,912 15,188  
    AGH CK2535 CEILING 40,000 12,500 27,500  
    AGH CK1193 CONSTRU 17,148 5,362 11,786  
    AGH CK1194 CONSTR. 107,440 33,575 73,865  
    AGH CK2548 CEILING 56,779 17,619 39,160  
    AGH CK2551 CEILING 77,668 23,951 53,717  
    AGH CK2596 CEILING 79,128 24,231 54,897  
    AGH CK2645 CEULING 2,450 737 1,713  
    AGH CK2660 3B WALL 8,000 2,400 5,600  
    AGH CK2590 BKSK 1,959 604 1,355  
    AGH CK2667 BKSK 600 180 420  
    AGH CK2410 LEVIEN 5,412 1,744 3,668  
    AGH CK2435 BENDIX 590 194 396  
    AGH CK 2466 LEVIEN 2,763 886 1,877  
    AGH CK247 AABC PLU 125 38 87  
    AGH CK2538 LEVIEN 3,175 988 2,187  
    AGH CK1192 LEVIEN 8,282 2,588 5,694  
    AGH CK2657 BODAK 1,969 592 1,377  
    AGH CK2656 LEVIEN 825 254 571  
    AGH CK2429 LEGAL 2,015 646 1,369  
    AGH CK2428 LEGAL 1,540 503 1,037  
    AGH CK2486 LEGAL 19,376 6,131 13,245  
    AGH CK2547 LEGAL 416 125 291  
    AGH CK2578 LEGAL 48,990 15,108 33,882  
    AGH CK2605 LEGAL 1,155 353 802  
    AGH CK2606 LEGAL 3,513 1,071 2,442  
    AGH CK2661 LEGAL 18,713 5,616 13,097  
    AGH CK2617 NEXUS R 24,257 7,373 16,884  
    AGH CK2422 SOFIA 195 64 131  
    AGH CK2447 SOFIA 195 64 131  
    AGH CK2507 NYC 30 12 18  
    AGH CK2577 NYC 735 222 513  
    AGH CK2588 HRF PRO 3,964 1,221 2,743  
    AGH CK2615 HRF PRO 412 120 292  
    AGH CK2646 ENDSCAP 6,580 1,994 4,586  
    AGH CK2647 HRF PRO 546 169 377  
    AGH CK2652 STORAGE 249 73 176  
    AGH CK2654 TCO 2,250 677 1,573  
    AGH 07 CONS ASSETS 55,567 55,567 0  
    AGH BUILDING 8,023,502 2,607,644 5,415,858  
    AGH LAND 2,700,000 0 2,700,000  
    AGH ENDSCAPE 3B WA 15,980 4,766 11,214  
    AGH AMC ELECTRIC 31,630 9,294 22,336  
    AGH PROELEVATOR 3,000 881 2,119  
    AGH D-LINE 2,043 599 1,444  
    AGH OLEK LEJBZON 22,000 6,463 15,537  
    AGH TRITECH 6,200 1,821 4,379  
    AGH WASCO SKYLIGHT 4,267 1,257 3,010  
    AGH FORT CICA ROOF 17,000 4,994 12,006  
    AGH ELIOU SCOPELI 1,500 446 1,054  
    AGH AMETCO FENCE 15,555 4,571 10,984  
    AGH PLANT SPECALIS 2,046 599 1,447  
    AGH INSBRUCH INT 2,045 599 1,446  
    AGH CAERONE CONCRE 7,725 2,203 5,522  
    AGH ENDSCAPE 8,670 2,477 6,193  
    AGH ENDSCAPE 8,870 2,534 6,336  
    AGH INNBRUCK AC DO 350 99 251  
    AGH LEVIAN 963 284 679  
    AGH LEVIAN 1,237 341 896  
    AGH LEGAL ABS 1,606 473 1,133  
    AGH LEGAL ABS 3,022 899 2,123  
    AGH LEGAL ABS 2,599 769 1,830  
    AGH LEGAL ABS 3,459 1,011 2,448  
    AGH LEGAL ABS 3,272 957 2,315  
    AGH LEGAL ABS 19,943 5,738 14,205  
    AGH LEGAL ABS 17,043 4,864 12,179  
    AGH PEAK COOLING 484 135 349  
    AGH PEAK COOLING 2,434 676 1,758  
    AGH PEAK COOLING 876 242 634  
    AGH STORAGE 518 155 363  
    AGH STORAGE 2,490 729 1,761  
    AGH AUTO RENTAL 134 36 98  
    AGH LEMAN FREIGHT 835 247 588  
    AGH LOCKS 2,022 574 1,448  
    AGH INNSBRUCK INTE 7,350 2,024 5,326  
    AGH INNSBROCK INTE 1,550 429 1,121  
    AGH STORAGE 1,280 352 928  
    AGH KIM PHILLIPS 300 94 206  
    AGH LASZIO BODAK 408 117 291  
    AGH ENDSCAPE 8,790 2,530 6,260  
    AGH L HANSEN 3,000 825 2,175  
    AGH LEGAL STARTUP 2,735 805 1,930  
    AGH LEGAL SETUP 5,377 1,575 3,802  
    AGH ACT TX STARTUP 3,320 975 2,345  
    AGH ACT TX STARTUP 2,506 735 1,771  
    AGH LEG TX STARTUP 14,281 4,106 10,175  
    AGH LEG TX STARTUP 20,169 5,586 14,583  
    AGH LEG TX STARTUP 20,169 5,544 14,625  
    AGH ACT TX STARTUP 8,150 2,329 5,821  
    AGH MEMBER REIMBUR 23,903 7,176 16,727  
    CIRCULATOR PUMP 1B 5,018 4,141 877  
    CIR PUMP INST 1B 1,950 1,609 341  
    AGH F AND FIXT 06 280,195 280,195 0  
    AGH F AND FIXT 14 13,260 7,956 5,304  
    WATER HEATER 28,190 12,216 15,974  
    ROOFWORK 39,800 6,965 32,835  
    AGH F AND FIXT 06 5,429 1,946 3,483  
    OUTDOOR FURNITURE 4,167 1,355 2,812  
    WASHING MACHINE 4,205 841 3,364  
    WASHING MACHINE 4,812 160 4,652  


    TY 2020 LegalFeesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN:
    58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NATIONAL REGISTERED AGENTS, INC. 199 0   199
    HOLLAND & KNIGHT LLP 1,749 0   1,749


    TY 2020 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  
    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  
    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  
    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  
    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  
    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 2020 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 32,040 34,998 34,998


    TY 2020 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
    BANK CHARGES 401 0   401
    CLEANING 1,455 0   1,455
    MEALS 2,071 0   2,071
    FIRE PROTECTION 7,382 0   7,382
    FURN & FIX REPLACEMENT 5,600 0   5,600
    INSURANCE 30,489 0   30,489
    MAINTENANCE 13,694 0   13,694
    MISCELLANEOUS 5,230 0   5,230
    PAYROLL SERVICE CHARGE 3,999 0   3,999
    POSTAGE AND SHIPPING 236 0   236
    TAXES 4,800 0   4,800
    REPAIRS 11,293 0   11,293
    SERVICES INC COMMUNICATION 15,867 0   15,867
    STORAGE 2,742 0   2,742
    ENTERTAINMENT 5,170 0   5,170
    SUPPLIES AND MATERIALS 8,273 0   8,273
    UTILITIES 33,057 0   33,057


    TY 2020 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 59,819   59,819


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN:
    58-2680849
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED INTEREST 72,191 111,565


    TY 2020 TaxesSchedule
    Name:
    THE BIKUBENFOUNDATION NEW YORK INC
    EIN:
    58-2680849
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 5,858 0   5,858