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 07-01-2020 , and ending 06-30-2021
Name of foundation
Boris Lurie Art Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

98-0590515
B Telephone number (see instructions)

(800) 839-1754
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$93,736,930J Accounting method:
MODIFIED CASH
(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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,800 1,800  
4 Dividends and interest from securities... 585,343 585,343  
5a Gross rents............ 15,000 15,000  
b Net rental income or (loss) 15,000
6a Net gain or (loss) from sale of assets not on line 10 4,862,166
b Gross sales price for all assets on line 6a 32,208,605
7 Capital gain net income (from Part IV, line 2)... 4,856,618
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 71,416 79,790  
12 Total. Add lines 1 through 11........ 5,535,725 5,538,551  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 797,010     797,010
14 Other employee salaries and wages...... 159,740     159,740
15 Pension plans, employee benefits....... 52,565     52,565
16a Legal fees (attach schedule)......... Click to see attachment 416,125 119,031 0 297,094
b Accounting fees (attach schedule)....... Click to see attachment 27,500 0 0 27,500
c Other professional fees (attach schedule).... Click to see attachment 966,270 550,560   415,710
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 45,720 8,020    
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,053   0
20 Occupancy.............. 298,156     298,156
21 Travel, conferences, and meetings....... 100,083     100,083
22 Printing and publications.......... 15,179     15,179
23 Other expenses (attach schedule)....... Click to see attachment 487,246 103,760   316,012
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,367,647 781,371 0 2,479,049
25 Contributions, gifts, grants paid....... 5,500 5,500
26 Total expenses and disbursements. Add lines 24 and 25 3,373,147 781,371 0 2,484,549
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,162,578
b Net investment income (if negative, enter -0-) 4,757,180
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.............      
2 Savings and temporary cash investments......... 2,869,574 1,309,731 1,309,731
3 Accounts receivable bullet295,929
Less: allowance for doubtful accounts bullet     295,929 295,929
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)....... 32,678,381 Click to see attachment43,662,544 43,662,544
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,491,075
Less: accumulated depreciation (attach schedule) bullet   1,491,075 Click to see attachment1,491,075 1,664,411
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,716,606 Click to see attachment16,392,350 16,392,350
14 Land, buildings, and equipment: basis bullet194,641
Less: accumulated depreciation (attach schedule) bullet194,472 2,222 Click to see attachment169 169
15 Other assets (describe bullet) Click to see attachment30,411,796 Click to see attachment30,411,796 Click to see attachment30,411,796
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 82,169,654 93,563,594 93,736,930
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
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 82,169,654 93,563,594
29 Total net assets or fund balances (see instructions)..... 82,169,654 93,563,594
30 Total liabilities and net assets/fund balances (see instructions). 82,169,654 93,563,594
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
82,169,654
2
Enter amount from Part I, line 27a .....................
2
2,162,578
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,231,362
4
Add lines 1, 2, and 3 ..........................
4
93,563,594
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
93,563,594
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.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c NZC GUGGENHEIM FUND LIMITED P 2015-01-01 2021-06-30
d PAULSON CREDIT OP II CL B P 2018-03-31 2020-12-22
e THIRTEEN PARTNERS CONCENTRATED 3, LTD P 2020-03-30 2021-03-19
THIRTEEN PARTNERS CONCENTRATED 3, LTD P 2020-03-30 2020-12-31
PAULSON CREDIT OP II CLB P 2018-03-31 2020-10-01
(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 31,275,230   26,334,453 4,940,777
b       -16,942
c 333,491   223,571 109,920
d 18,412   24,098 -5,686
e 216,793   286,690 -69,897
18,637   13,310 5,327
346,042   452,923 -106,881
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       4,940,777
b        
c       109,920
d       -5,686
e       -69,897
      5,327
      -106,881
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 4,856,618
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 66,125
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  
3 Add lines 1 and 2........................... 3 66,125
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 66,125
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 38,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 29,900
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 68,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,375
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,375 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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, NJ, 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 addressbulletborislurieart.org
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletIS
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    Joi Deirdre GriegClick to see attachment Dir
    1.0     		17,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Amy KorenvaesClick to see attachment Dir
    1.0     		12,750 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Alexandra LauvauxClick to see attachment Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Gertrude SteinClick to see attachment Dir, Pres
    40.0     		750,260 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anthony WilliamsClick to see attachment Dir, Chairman
    10.0     		17,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    ELIZABETH MISEO COLLECTIONS MANAGER
    40.0     		90,250    
    599 11TH AVENUE FL 4
    NEW YORK,NY10036
    PATRICK GORA ASSISTANT REGISTRAR
    40.0     		63,850    
    599 11TH AVENUE FL 4
    NEW YORK,NY10036
    Total number of other employees paid over $50,000...................bullet  
    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
    Fidelity Investment MGMT 536,412
    PO BOX 77001
    CINCINNATI,OH45277
    Dentons US LLP LEGAL 364,095
    Dept 3078
    Carol Stream,IL601323078
    SRI Fine Art Services ART HANDLING/STORAGE 268,802
    120 Brighton Rd Unit 1
    Clifton,NJ07012
    Rafael Vostell Philanthropic 146,746
    IM SPRUDELHOF-LUDWIGSTR 20-D-6123
    BAD NAUHEIM   20-D-61231
    GM
    Foundation Source Administrative 137,188
    55 Walls Drive
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 GALLERY AND MUSEUM EXHIBITIONS TO MAKE THE NO! ART MOVEMENT AU COURANT AND KEEP THE WORKS OF THE ARTISTS ALIVE IN THE ART WORLD. 806,482
    2 RESTORATION, STORAGE, AND MAINTENANCE OF ART HELD BY THE FOUNDATION, INCLUDING ART CREATED BY BORIS LURIE AS WELL AS OTHERS. 44,175
    3 THE TRANSLATION AND PUBLICATION OF BORIS LURIE'S POETRY, ESSAYS, BOOKS, AND ARTICLES AS WELL AS THE COMMISSION OF NEW PUBLICATIONS ABOUT BORIS LURIE. 40,744
    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.........................bullet  
    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
    38,270,514
    b
    Average of monthly cash balances.......................
    1b
    2,255,574
    c
    Fair market value of all other assets (see instructions)................
    1c
    17,740,876
    d
    Total (add lines 1a, b, and c).........................
    1d
    58,266,964
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    58,266,964
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    874,004
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    57,392,960
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,869,648
    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
    2,869,648
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    66,125
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    66,125
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,803,523
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,803,523
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,803,523
    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
    2,484,549
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,484,549
    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
    2,484,549
    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 2,803,523
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 398,836
    c From 2017......  
    d From 2018...... 166,935
    e From 2019...... 557,511
    fTotal of lines 3a through e........ 1,123,282
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,484,549
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 2,484,549
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 318,974 318,974
    (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 5 804,308
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		804,308
    10 Analysis of line 9:
    a Excess from 2016.... 79,862
    b Excess from 2017....  
    c Excess from 2018.... 166,935
    d Excess from 2019.... 557,511
    e Excess from 2020....  
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    PAINTING SPACE 122 INC
    150 FIRST AVE
    NEW YORK,NY10009     		N/A PC Downtown Train exhibition catalogue 5,500
    Total .................................bullet 3a 5,500
    bApproved for future payment
    Total .................................bullet 3b  
    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
    a
    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 1,800  
    4 Dividends and interest from securities....     14 585,343  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 15,000  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 5,826 18 4,856,340  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -53,445 14 79,934  
    bFederal Tax Refund     01 45,060  
    cFOREIGN CURRENCY LOSS     01 -133  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -47,619 5,583,344  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,535,725
    (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.)
    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:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STATEMENT REVIEW 27,500     27,500

    TY 2020 CompensationExplanation
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Person Name Explanation
    Anthony Williams *ANTHONY WILLIAMS, DIRECTOR AND CHAIRMAN OF THE BORIS LURIE ART FOUNDATION, IS A PARTNER OF THE FIRM DENTONS US LLP, A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE FYE 06/30/21, THE FOUNDATION PAID $364,095 FOR LEGAL SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16A. SUCH LEGAL FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

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

    TY 2020 DepreciationSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    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
    ZEBULON ST KIRYAT   310,905   L       0  
    HARUV STREET HAIFA   1,180,170   L       0  
    FURNITURE 2016-01-01 28,895 26,673 SL 7 2,053   0  
    LHI WAREHOUSE 2 2017-02-17 152,260 152,260 SL 3     0  
    EQUIPMENT 2015-01-01 13,486 13,486 SL 5        

    TY 2020 GeneralExplanationAttachment
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Identifier Return Reference Explanation
    PART I LINE 6A (990-PF) PART I LINE 6A (990-PF RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $4,856,340 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $5,826 TOTAL PART I, LINE 6A: $4,862,166 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $31,275,230 BOOK BASIS: $26,334,731 NET GAIN/(LOSS): $4,940,499 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $(16,942) SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $933,375 BOOK BASIS: $1,000,592 NET GAIN/(LOSS): $(67,217)
    926 FORM 926 THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.
    FORM 8865 FORM 8865 THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 59,474 59,474
    ACADIA HEALTHCARE CO INC 47,063 47,063
    ADAPTEC, INC 41,309 41,309
    ADOBE SYSTEMS, INC 52,708 52,708
    AES CORP 55,529 55,529
    ALCON INC 54,311 54,311
    ALEXANDRIA REAL ESTATE EQUITIE 18,922 18,922
    ALLIANZ AGIC CONVERTIBLE INS 625,128 625,128
    ALLY FINANCIAL INC 39,623 39,623
    ALPHABET INC CL A 354,060 354,060
    AMAZON COM 165,128 165,128
    AMERICAN CAMPUS COMMUNITIES 20,790 20,790
    AMERIPRISE FINANCIAL INC 159,781 159,781
    AMETEK INC 33,242 33,242
    AON PLC CL A 62,794 62,794
    APPLE INC 198,181 198,181
    APPLIED MATERIALS INC 57,245 57,245
    APTAR GROUP INC 28,872 28,872
    ARTISAN PARTNERS ASSET MANAGEM 12,959 12,959
    ASHMORE EMERGING MARKETS 252,007 252,007
    ASSURANT INC 139,156 139,156
    ATLANTIC UNION BANKSHARES CORP 24,992 24,992
    BAIRD SHORT TERM BOND FUND INS 1,252,099 1,252,099
    BALL CP 25,521 25,521
    BANK OF AMERICA CORP 54,217 54,217
    BECTON DICKINSON & CO 45,963 45,963
    BERKSHIRE HATHAWAY INC. CLASS 163,695 163,695
    BIO RAD LABS INC CL A 47,033 47,033
    BIO TECHNE CORPORATION 71,141 71,141
    BIOGEN INC 23,893 23,893
    BJ'S WHLSL CLUB INC 46,391 46,391
    BOEING CO 51,745 51,745
    BOOKING HOLDINGS INC 50,326 50,326
    BOOZ ALLEN HAMILTON HOLDING CO 22,573 22,573
    BRIGHT HORIZONS FAMILY SOLUTIO 19,124 19,124
    BURLINGTON STORES, INC 28,979 28,979
    CAPITAL ONE FINANCIAL CORP 123,288 123,288
    CARRIER GLOBAL 60,264 60,264
    CARTER'S INC 19,602 19,602
    CATALENT INC 41,626 41,626
    CAVCO INDS INC DEL 28,885 28,885
    CENTENE CORP 74,680 74,680
    CERENCE INC 38,949 38,949
    CF INDUSTRIES HOLDINGS, INC 68,326 68,326
    CHARLES SCHWAB CORP 135,791 135,791
    CHEMED CORP 10,439 10,439
    CIENA CORP 40,107 40,107
    CIGNA CORPORATION 13,039 13,039
    CISCO SYSTEMS INC 85,966 85,966
    CITIZENS FINANCIAL GROUP, INC 30,871 30,871
    CLEARWAY ENERGY, INC. CLASS C 40,144 40,144
    CLOUDERA INC 52,750 52,750
    COGNEX CORPORATION 29,418 29,418
    COMCAST CORP 69,165 69,165
    COMFORT SYSTEMS USA INC 16,940 16,940
    CONSTELLATION BRANDS INC 38,358 38,358
    CORESITE REALTY CORPORATION 20,190 20,190
    CORNING INC 55,951 55,951
    COSTCO WHOLESALE CORPORATION 32,049 32,049
    COUPONS.COM 19,658 19,658
    CROWDSTRIKE HOLDINGS ORD SHS C 29,655 29,655
    CVS CAREMARK CORP 57,740 57,740
    DANAHER CORP 86,680 86,680
    DENTSPLY SIRONA INC 38,272 38,272
    DEVON ENERGY CORPORATION 78,229 78,229
    DEXCOM, INC 38,857 38,857
    DIAMONDBACK ENERGY INC 44,598 44,598
    DOLBY LABORATORIES 36,957 36,957
    DOLLAR GENERAL CORP 19,691 19,691
    DORMAN PRODUCTS INC 28,509 28,509
    EAGLE MATERIALS INC 34,106 34,106
    EASTERLY GVMT PPTYS INC 25,296 25,296
    EATON CORP PLC 103,281 103,281
    EDGEWOOD GROWTH FUND INSTI 3,457,091 3,457,091
    ELANCO ANIMAL HEALTH INCORPORA 45,305 45,305
    ELEMENT SOLUTIONS INC 37,993 37,993
    ELI LILLY & CO 109,022 109,022
    ENTEGRIS INC MINNESOTA 45,499 45,499
    EPAM SYSTEMS INC 38,322 38,322
    EQT CORPORATION 45,744 45,744
    EQUITABLE HOLDINGS INC 28,714 28,714
    ESTEE LAUDER COMPANIES INC 21,629 21,629
    EXELON CORPORATION 120,612 120,612
    EXPEDIA INC 113,778 113,778
    EXPONENT, INC 28,101 28,101
    EXXON MOBIL CORP 125,214 125,214
    F5 NETWORKS, INC 24,826 24,826
    FACEBOOK INC 75,801 75,801
    FEDERAL SIGNAL CORP 27,960 27,960
    FEDEX CORPORATION 54,296 54,296
    FIVE BELOW INC 29,957 29,957
    FREEPORT-MCMORAN COPPER & GOLD 39,337 39,337
    GARTNER INC 52,073 52,073
    GATES INDUSTRIAL CORPORATION P 37,044 37,044
    GENERAL MOTORS 42,957 42,957
    GENTHERM INC 13,144 13,144
    GIBRALTAR INDS INC 37,010 37,010
    GLACIER BANCORP INC 20,380 20,380
    GLOBAL PAYMENTS INC 41,821 41,821
    GLOBUS MEDICAL INC 26,360 26,360
    GOLDMAN SACHS BDC INC 384,807 384,807
    GOLDMAN SACHS GROUP 33,778 33,778
    GRACO INC 16,276 16,276
    GRAND CANYON EDUCATION, INC 13,496 13,496
    GUARDANT HEALTH INC 39,120 39,120
    HARDING LOEVNER INSTITUTIONAL 2,593,843 2,593,843
    HCA INC 39,281 39,281
    HESS CORP 74,484 74,484
    HEXCEL CP DELAWARE 25,896 25,896
    HOME DEPOT INC 63,140 63,140
    HONEYWELL INTL 33,341 33,341
    HORIZON PHARMA PLC 70,230 70,230
    HOWMET AEROSPACE ORD SHS 66,010 66,010
    HUBBELL INCORPORATED 52,689 52,689
    HUBSPOT INC 57,107 57,107
    HUDSON PACIFIC PROPERTIES INC 27,820 27,820
    IDACORP INC HLDG CO 25,838 25,838
    IDEXX CORP 37,261 37,261
    INGERSOLL-RAND INC 98,401 98,401
    INTEGER HOLDINGS CORP 20,253 20,253
    ISHARES COHEN & STEERS REALTY 321,783 321,783
    ISHARES TRUST MSCI EAFE INDEX 1,278,803 1,278,803
    JAZZ PHARMACEUTICALS INC 27,534 27,534
    JOHCM INTL SELECT FUND CL I 4,117,310 4,117,310
    JP MORGAN CHASE 128,321 128,321
    KEMPER CORP 19,953 19,953
    KINSALE CAPITAL GROUP INC 18,125 18,125
    L3HARRIS TECHNOLOGIES 55,767 55,767
    LABORATORY CORP AMER HLDGS 54,894 54,894
    LANCASTER COLONY CORPORATION 28,059 28,059
    LAS VEGAS SANDS CORP 56,589 56,589
    LITHIA MOTORS INC CL A 42,955 42,955
    LPL FINANCIAL HOLDINGS INC 26,051 26,051
    MANHATTAN ASSOCIATES INC 21,726 21,726
    MARATHON PETROLEUM CORP 114,617 114,617
    MCKESSON CORP 26,774 26,774
    MEDTRONIC PLC 140,888 140,888
    MICRON TECHNOLOGY 26,259 26,259
    MICROSOFT CORP 225,389 225,389
    MOLINA HEALTHCARE 29,102 29,102
    MONDELEZ INTERNATIONAL INC 77,988 77,988
    MONDRIAN INTERNATIONAL EQUITY 1,610,170 1,610,170
    MORGAN STANLEY 61,524 61,524
    MSCI INC 28,253 28,253
    NEUROCRINE BIOSCIENCES, INC 25,303 25,303
    NEWMONT GOLDCORP CORPORATION 90,760 90,760
    NEXTERA ENERGY PARTNERS LP 56,735 56,735
    NOKIA 28,787 28,787
    NORDSON CP 36,219 36,219
    NORDSTROM INC 21,211 21,211
    NORFOLK SOUTHERN CORP 47,774 47,774
    NORTHROP GRUMMAN CORP 53,424 53,424
    NVIDIA CORP 90,411 90,411
    NXP SEMICONDUCTORS 41,350 41,350
    O'REILLY AUTOMOTIVE INC 32,274 32,274
    OKTA INC 27,404 27,404
    ORGANON & CO 33,104 33,104
    PAYLOCITY CORP 25,758 25,758
    PAYPAL HOLDINGS, INC 67,915 67,915
    PEPSICO INC 69,195 69,195
    PERFORMANCE FOOD GROUP COMPANY 22,548 22,548
    PHILIP MORRIS INTL 97,722 97,722
    PHYSICIANS REALTY TRUST 23,549 23,549
    PIMCO EMERGING MARKETS BOND IN 252,081 252,081
    PINNACLE FINANCIAL PARTNERS IN 41,055 41,055
    PIONEER NAT RES CO 18,040 18,040
    PIPER JAFFRAY COS COM 29,799 29,799
    POLARIS INDUSTRIES 39,718 39,718
    PORTLAND GEN ELEC 20,506 20,506
    POWER INTEGRATIONS, INC 9,437 9,437
    PPL CORPORATION 49,759 49,759
    PROLOGIS 18,886 18,886
    QORVO INC 32,087 32,087
    QUAKER CHEMICAL CORP 32,021 32,021
    QUALCOMM INC 60,031 60,031
    QUANTA SVCS INC 49,995 49,995
    RAPID7 INCORPORATED 38,798 38,798
    RBC BEARINGS INCORPORATED 37,890 37,890
    RITCHIE BROS AUCTIONEERS 31,122 31,122
    ROPER INDUSTRIES 30,563 30,563
    RPM INTERNATIONAL INC 27,934 27,934
    RREEF PROPERTY TRUST CL I 350,710 350,710
    SAGE THERAPEUTICS INC 21,361 21,361
    SALESFORCE.COM 32,976 32,976
    SCHNEIDER NATIONAL INC 13,606 13,606
    SERVICE NOW 40,667 40,667
    SIGNATURE BANK 52,815 52,815
    SILICON LABORATORIES, INC 36,014 36,014
    SNOWFLAKE INC 26,356 26,356
    STERIS PLC 30,945 30,945
    SUMMIT HOTEL PROPERTIES, INC 16,328 16,328
    SUN COMMUNITIES INC 39,422 39,422
    SYNEOS HEALTH INC 44,745 44,745
    T. ROWE PRICE INTERNATIONAL DI 4,137,076 4,137,076
    TELEFLEX INC 25,313 25,313
    TEXAS ROADHOUSE, INC 36,075 36,075
    THERMO FISHER SCIENTIFIC INC 40,358 40,358
    TORO CO 40,106 40,106
    TRUIST FINANCIAL CORPORATION 37,074 37,074
    TWILIO INC 52,423 52,423
    UNION PACIFIC 59,161 59,161
    UNITED THERAPEUTICS CORP 25,117 25,117
    UNITED TRANS WESTN INC    
    US BANCORP 38,683 38,683
    VAIL RESORTS INC 18,991 18,991
    VALERO ENERGY CORP 24,283 24,283
    VAN ECK EMERGING MARKETS FUND 2,562,835 2,562,835
    VANGUARD MID-CAP INDEX FD ADMI 1,300,457 1,300,457
    VANGUARD S&P 500 ETF 7,585,097 7,585,097
    VANGUARD SMALL CAP INDEX FD AD 1,466,372 1,466,372
    VERTEX PHARMCTLS INC 20,566 20,566
    VIATRIS ORD SHS 25,250 25,250
    VISA INC 94,229 94,229
    VODAFONE GROUP PLC 45,634 45,634
    VOYA FINANCIAL INC 136,592 136,592
    WELLS FARGO & CO 78,986 78,986
    WESTERN ALLIANCE BANCORPORATIO 48,746 48,746
    ZEBRA TECHNOLOGIES CORP 68,834 68,834
    ZIMMER BIOMET HOLDINGS 50,980 50,980

    TY 2020 InvestmentsLandSchedule2
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ZEBULON ST KIRYAT 310,905   310,905 310,905
    HARUV STREET HAIFA 1,180,170   1,180,170 1,180,170

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABS OFFSHORE SPC GLOBAL PORTFO   700,471 700,471
    APOLLO US REAL ESTATE FUND II   777,438 777,438
    ATLAS COTTON AIV I LP   73,926 73,926
    ATLAS MERCHANT CAPITAL FUND LP   435,654 435,654
    AVIATION HOLDINGS III LP   543,287 543,287
    BLUEARC SECURITIZED INV FD (QP   290,481 290,481
    BROOKFIELD STRTGC RE PTNS III-   206,028 206,028
    BROOKFIELD STRTGC RE PTNS III-   138,871 138,871
    CORRUM CAPITAL AVIATION PARTNE   83,336 83,336
    CORRUM CAPITAL AVIATION PARTNE   199,823 199,823
    CORRUM CAPITAL RAILCAR INVESTO   9,317 9,317
    CORRUM CAPITAL REAL ASSETS FUN   674,380 674,380
    FOUNDER EQUITY FUND I, LLC   499,627 499,627
    GLOUSTON PRIVATE EQ OPPORTUNIT   459,854 459,854
    GOLDMAN SACHS BDC INC GSBD   384,826 384,826
    GOLUB CAPITAL PARTNERS INTERNA   905,074 905,074
    KAYNE ANDERSON ENERGY FUND VII   181,151 181,151
    NZC GUGGENHEIM FUND LIMITED   1,076,557 1,076,557
    PARTNERS GROUP PRIVATE EQUITY   1,665,849 1,665,849
    PARTNERS GROUP REAL ESTATE SEC   336,993 336,993
    PRIVATE EQUITY MANAGERS (2015)   2,371,638 2,371,638
    THE WEATHERLOW OFFSHORE FUND I   1,402,157 1,402,157
    THIRTEEN PARTNERS CONCENTRATED   685,903 685,903
    TNREF III FEEDER ENTITIES   135,166 135,166
    TRUE NORTH REAL ESTATE FUND II   171,706 171,706
    VALOR EQUITY PARTNERS IV L.P   922,003 922,003
    ARTWORK NOT USED IN FD PROGRAM   1,060,834 1,060,834

    TY 2020 LandEtcSchedule2
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 28,895 28,726 169  
    LHI WAREHOUSE 2 152,260 152,260    
    EQUIPMENT 13,486 13,486    


    TY 2020 LegalFeesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 297,094     297,094
    REAL ESTATE/INV REL SERVICES 119,031 119,031    


    TY 2020 OtherAssetsSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BOOKS-CDS-LIBRARY   1,002 1,002
    COLLECTION OF BORIS LURIE ART   28,220,500 28,220,500
    COLLECTION OF NO! MOVEMENT ART   2,042,619 2,042,619
    COMMISSIONED SCULPTURE   1,200 1,200
    DANTE ARMENTO - COMMISSIONED   8,000 8,000
    ERRO'S 1975 COLLAGE - KARL MAR   4,524 4,524
    FRAMES FOR ARTWORK   37,929 37,929
    ISSER ARONOVICI PAINTING: LOVE   35,000 35,000
    LA MORT DANS L'AME   28,000 28,000
    PAINTING NOT WITHOUT MEN SUZAN   5,000 5,000
    ROCCO ARMENTO POPLAR (LARGE)   2,100 2,100
    ROCCO ARMENTO POPLARS   7,700 7,700
    SACCO ET VANZETTI BY BEN SHAHN   13,222 13,222
    SCULPTURE WOMEN & WAR HARRIET   5,000 5,000


    TY 2020 OtherExpensesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 137,188     137,188
    Bank Charges 571 571    
    Computers/Electronic Devices 1,491     1,491
    Equipment/Furniture Purchase 640     640
    REGISTERED AGENT FEE 1,446     1,446
    Indemnification Insurance 4,835     4,835
    Insurance Premiums 33,693     33,693
    K-1 Exp APOLLO US REAL ESTATE 13,768 13,514    
    K-1 Exp ATLAS MERCHANT CAPITAL 8,945 8,945    
    K-1 Exp AVIATION HOLDINGS III 4,530 4,530    
    K-1 Exp BLUEARC SECURITIZED IN 2,450 2,450    
    K-1 Exp BROOKFIELD STRTGC RE P 3,536 3,525    
    K-1 Exp BROOKFIELD STRTGC RE P 5,443 5,443    
    K-1 Exp CORRUM CAPITAL AVIATIO 25 21    
    K-1 Exp CORRUM CAPITAL AVIATIO 86 77    
    K-1 Exp CORRUM CAPITAL REAL AS 70,373 31,082    
    K-1 Exp FOUNDER EQUITY FUND I, 28 3    
    K-1 Exp KAYNE ANDERSON ENERGY 33,680 9,000    
    K-1 Exp PARTNERS GROUP REAL ES 10,247 7,584    
    K-1 Exp TRUE NORTH REAL ESTATE 7,291 7,291    
    K-1 Exp VALOR EQUITY PARTNERS 9,725 9,724    
    Office & Supplies 9,013     8,477
    Postage/Delivery Service 6,033     6,033
    State or Local Filing Fees 1,558     1,558
    Website Hosting/Support 2,926     2,926
    EXHIBITION EXPENSES 117,725     117,725


    TY 2020 OtherIncomeSchedule2
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss APOLLO US REAL ESTATE FUND II LP -18,193 1,356  
    K-1 Inc/Loss ATLAS COTTON AIV I LP 11,797 11,797  
    K-1 Inc/Loss ATLAS MERCHANT CAPITAL FUND LP 3,060 3,060  
    K-1 Inc/Loss AVIATION HOLDINGS III LP 27,072 8,013  
    K-1 Inc/Loss BLUEARC SECURITIZED INV FD (QP) (TE O 7,963 7,963  
    K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCES 388 388  
    K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCES 1,678 1,678  
    K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS I-B, -10,861 100  
    K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS, LP -25,724 245  
    K-1 Inc/Loss CORRUM CAPITAL REAL ASSETS FUND LP 23,765 56,283  
    K-1 Inc/Loss FOUNDER EQUITY FUND I, LLC -9,355 -9,355  
    K-1 Inc/Loss KAYNE ANDERSON ENERGY FUND VII, L.P 23,039 2,138  
    K-1 Inc/Loss PARTNERS GROUP REAL ESTATE SECONDARY -11,811 -3,778  
    K-1 Inc/Loss VALOR EQUITY PARTNERS IV L.P 3,671 35  
    Federal Tax Refund 45,060    
    Foreign Currency Loss -133 -133  


    TY 2020 OtherIncreasesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Description Amount
    UNREALIZED APPRECIATION OF INVESTMENTS 9,231,362


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 550,560 550,560    
    ART RESTORATION 25,725     25,725
    ARCHITECTURAL SERVICES 10,115     10,115
    DATA IMPORT SERVICES 5,000     5,000
    EXHIBITION SERVICES 159,748     159,748
    FORENSIC SERVICES 21,200     21,200
    FRAMING SERVICES 5,965     5,965
    FREELANCE WRITING SERVICES 37,190     37,190
    GALLERY SERVICES 41,350     41,350
    HONORARIUM 400     400
    IT SERVICES 5,053     5,053
    MARKETING SERVICES 47,075     47,075
    PERFORMANCE FEES 40,800     40,800
    APPRAISAL SERVICES 981     981
    SECURITY SERVICES 10,465     10,465
    TRANSLATION SERVICES 4,643     4,643


    TY 2020 TaxesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 1,200      
    990-PF Estimated Tax for 2021 36,500      
    TAX WITHHELD BY PARTNERSHIP 7,836 7,836    
    Foreign Tax Paid 184 184