Form990-PF
Click to see attachment
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
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$82,478,027J 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) 746
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,693 1,693  
4 Dividends and interest from securities... 633,078 633,078  
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 3,008,001
b Gross sales price for all assets on line 6a 16,225,511
7 Capital gain net income (from Part IV, line 2)... 3,007,845
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 24,152 53,758 2,454
12 Total. Add lines 1 through 11........ 3,682,670 3,711,374 2,454
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 801,000     801,000
14 Other employee salaries and wages...... 297,234     297,234
15 Pension plans, employee benefits....... 46,397     46,397
16a Legal fees (attach schedule)......... Click to see attachment 441,370 157,129 0 284,241
b Accounting fees (attach schedule)....... Click to see attachment 29,475 0 0 29,475
c Other professional fees (attach schedule).... Click to see attachment 977,910 564,465   413,445
17 Interest............... 544 408    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 93,979 18,200   1,679
19 Depreciation (attach schedule) and depletion... Click to see attachment 169   0
20 Occupancy.............. 207,588     207,588
21 Travel, conferences, and meetings....... 45,601     45,601
22 Printing and publications.......... 43,932     43,932
23 Other expenses (attach schedule)....... Click to see attachment 842,275 140,169   642,167
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,827,474 880,371 0 2,812,759
25 Contributions, gifts, grants paid....... 5,000 5,000
26 Total expenses and disbursements. Add lines 24 and 25 3,832,474 880,371 0 2,817,759
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -149,804
b Net investment income (if negative, enter -0-) 2,831,003
c Adjusted net income (if negative, enter -0-)... 2,454
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 1,309,731 1,232,812 1,232,812
3 Accounts receivable bullet887,816
Less: allowance for doubtful accounts bullet   295,929 887,816 887,816
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)....... 43,662,544 Click to see attachment33,324,228 33,324,228
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   1,491,075    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,392,350 Click to see attachment16,621,376 16,621,376
14 Land, buildings, and equipment: basis bullet194,641
Less: accumulated depreciation (attach schedule) bullet194,472 169 Click to see attachment169 0
15 Other assets (describe bullet) Click to see attachment30,411,796 Click to see attachment30,411,796 Click to see attachment30,411,795
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 93,563,594 82,478,197 82,478,027
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 93,563,594 82,478,028
29 Total net assets or fund balances (see instructions)..... 93,563,594 82,478,028
30 Total liabilities and net assets/fund balances (see instructions). 93,563,594 82,478,028
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
93,563,594
2
Enter amount from Part I, line 27a .....................
2
-149,804
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
93,413,790
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,935,762
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
82,478,028
Form 990-PF (2021)
Form 990-PF (2021)
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 ABS OFFSHORE SPC GLOBAL PORTFOLIO CL B SER 1 P 2015-01-01 2021-09-30
d CORRUM CAPITAL RAILCAR INVESTORS LP P 2016-12-08 2021-11-22
e FARMLAND - ZEBULON STREET, KIRYAT ATA, ISRAEL D 2015-01-15 2022-04-04
LAND - HARUV STREET, HAIFA, ISRAEL D 2015-01-15 2021-07-15
NZC GUGGENHEIM FUND LIMITED P 2015-01-01 2022-03-31
NZC GUGGENHEIM FUND LIMITED P 2015-01-01 2021-09-30
NZC GUGGENHEIM FUND LIMITED P 2015-01-01 2021-11-30
NZC GUGGENHEIM FUND LIMITED P 2015-01-01 2021-12-31
ARTWORK - AMERIQUE AMER (PLEASURE) D   2022-01-10
ARTWORK - HARD WRITINGS: NO ON REVERSED PINUPS D   2022-04-29
ARTWORK - SUSAN SWEET D   2022-05-31
DIST IN EXCESS OF BASIS - GLOUSTON PRIVATE EQ OPP P    
LT CAP GAIN DIST PARTNERS GROUP PRIVATE EQUITY (MASTER FUND), LLC P    
THIRTEEN PARTNERS CONCENTRATED 3, LTD      
(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 12,707,907   10,611,128 2,096,779
b       57,272
c 700,262   500,000 200,262
d 8,879   12,747 -3,868
e 687,105   310,905 376,200
803,556   1,180,170 -376,614
329,734   209,675 120,059
339,663   218,953 120,710
39,417   30,470 8,947
341,843   200,890 140,953
9,662     9,662
11,112     11,112
30,000     30,000
108,774     108,774
103,173     103,173
4,424     4,424
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       2,096,779
b        
c       200,262
d       -3,868
e       376,200
      -376,614
      120,059
      120,710
      8,947
      140,953
      9,662
      11,112
      30,000
      108,774
      103,173
      4,424
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 3,007,845
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 39,351
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 39,351
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 46,575
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,600
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,175
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 4
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 11,820
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet11,820 RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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     		17,000 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     		750,000 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
    Andre' de Oliveira ASST TO FD PRESIDENT
    40.0     		108,333    
    599 11TH AVENUE FL 4
    NEW YORK,NY10036
    ELIZABETH MISEO Collections Manager
    40.0     		105,000    
    599 11TH AVENUE FL 4
    NEW YORK,NY10036
    PATRICK GORA ASSISTANT REGISTRAR
    40.0     		80,000    
    599 11TH AVENUE FL 4
    NEW YORK,NY10036
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 564,190
    PO BOX 77001
    CINCINNATI,OH45277
    SRI Fine Art Services ART HANDLING/STORAGE 377,043
    120 Brighton Rd Unit 1
    Clifton,NJ07012
    Dentons US LLP LEGAL 362,841
    Dept 3078
    Carol Stream,IL601323078
    Rafael Vostell Philanthropic 161,187
    IM SPRUDELHOF-LUDWIGSTR
    BAD NAUHEIM   20-D-61231
    GM
    FOUNDATION SOURCE ADMINISTRATIVE 137,832
    55 WALLS DRIVE
    FAIRFIELD,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet100
    Part VIII-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. 874,164
    2 RESTORATION, STORAGE, AND MAINTENANCE OF ART HELD BY THE FOUNDATION, INCLUDING ART CREATED BY BORIS LURIE AS WELL AS OTHERS. 485,131
    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. 14,614
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    40,962,672
    b
    Average of monthly cash balances.......................
    1b
    2,139,237
    c
    Fair market value of all other assets (see instructions)................
    1c
    17,073,015
    d
    Total (add lines 1a, b, and c).........................
    1d
    60,174,924
    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
    60,174,924
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    902,624
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    59,272,300
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,963,615
    Part X
    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 IX, line 6..................
    1
    2,963,615
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    39,351
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,351
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,924,264
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,924,264
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,924,264
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,924,264
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 79,862
    b From 2017......  
    c From 2018...... 166,935
    d From 2019...... 557,511
    e From 2020......  
    f Total of lines 3a through e ........ 804,308
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,817,759
    a Applied to 2020, 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 2021 distributable amount..... 2,817,759
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 106,505 106,505
    (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 5 697,803
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		697,803
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 140,292
    c Excess from 2019.... 557,511
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    NIAGARA UNIVERSITY
    LEWISTON RD
    NIAGARA UNIVERSITY,NY14109     		N/A PC Castellani Art Museum's exhibition "Dorothy Gillespie: Works from the Radford University Collection" 03/14/2022-11/27/2022 5,000
    Total .................................bullet 3a 5,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 1,693  
    4 Dividends and interest from securities ....          
    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 156 18 3,007,845  
    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 -30,755 14 111,120  
    bFOREIGN CURRENCY LOSS     01 -58,667  
    cBOOK ROYALTIES         2,454
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -30,599 3,710,069 2,454
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,681,924
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 ROYALTIES RECEIVED FROM HOUSE OF ANITA BY BORIS LURIE. SEE PART VIII-A FOR ADDITIONAL INFORMATION ABOUT THE FOUNDATION'S PUBLICATION PROGRAMS.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STMT EXAMINATION 29,475     29,475

    TY 2021 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 06/30/22, THE FOUNDATION PAID $362,841 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 2021 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
    FURNITURE 2019-01-01 28,895 28,726 SL 7     0  
    LHI WAREHOUSE 2 2017-02-17 152,260 152,260 SL 3     0  
    EQUIPMENT 2019-01-01 13,486 13,486 SL 5        
    ZEBULON ST KIRYAT   310,905              
    HARUV STREET HAIFA   1,180,170              

    TY 2021 GeneralExplanationAttachment
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Identifier Return Reference Explanation
    FORM 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.
    PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $3,007,845 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $156 TOTAL PART I, LINE 6A: $3,008,001 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $12,707,907 BOOK BASIS: $10,611,128 NET GAIN/(LOSS): $2,096,779 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $57,272 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $3,517,604 BOOK BASIS: $2,663,810 NET GAIN/(LOSS): $853,794

    TY 2021 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 102,005 102,005
    ACADIA HEALTHCARE CO INC 29,419 29,419
    ADAPTEC, INC 15,687 15,687
    ADOBE SYSTEMS, INC 23,428 23,428
    AES CORP 59,668 59,668
    AGREE REALTY CORP 16,951 16,951
    ALCON INC 69,680 69,680
    ALEXANDRIA REAL ESTATE EQUITIE 15,083 15,083
    ALNYLAM PHARMACEUTICALS, INC 30,920 30,920
    ALPHABET INC CL A 204,850 204,850
    AMAZON COM 110,458 110,458
    AMERIPRISE FINANCIAL INC 136,666 136,666
    AMETEK INC 27,363 27,363
    AON PLC CL A 71,735 71,735
    APPLE INC 209,865 209,865
    APTAR GROUP INC 21,158 21,158
    ARTISAN PARTNERS ASSET MANAGEM 9,070 9,070
    ASSURANT INC 118,748 118,748
    ATLANTIC UNION BANKSHARES CORP 23,405 23,405
    AZENTA INC 15,502 15,502
    BAIRD SHORT TERM BOND FUND INS 518,549 518,549
    BALL CP 16,711 16,711
    BECTON DICKINSON & CO 111,185 111,185
    BERKSHIRE HATHAWAY INC. CLASS 241,077 241,077
    BIO RAD LABS INC CL A 21,285 21,285
    BIO TECHNE CORPORATION 37,090 37,090
    BIOGEN INC 29,367 29,367
    BIOMARIN PHARMACEUTICAL INC 30,330 30,330
    BJ'S WHLSL CLUB INC 48,298 48,298
    BOEING CO 21,328 21,328
    BOOKING HOLDINGS INC 47,223 47,223
    BOOZ ALLEN HAMILTON HOLDING CO 31,174 31,174
    BOSTON SCIENTIFIC 85,982 85,982
    BRIGHT HORIZONS FAMILY SOLUTIO 14,791 14,791
    BURLINGTON STORES, INC 19,753 19,753
    CACI INTL INC 62,555 62,555
    CARTER'S INC 13,391 13,391
    CATALENT INC 38,088 38,088
    CATERPILLAR INC 52,019 52,019
    CAVCO INDS INC DEL 25,479 25,479
    CENTENE CORP 104,155 104,155
    CERENCE INC 9,209 9,209
    CHAMPIONX CORP 9,429 9,429
    CHECK POINT SOFTWARE TECHNOLOG 43,841 43,841
    CHUBB LIMITED 143,110 143,110
    CIENA CORP 45,609 45,609
    CISCO SYSTEMS INC 116,834 116,834
    CME GROUP, INC 131,827 131,827
    COGNEX CORPORATION 18,709 18,709
    COLUMBUS MCKINNON CORPORATION 15,320 15,320
    COMERICA INC 114,106 114,106
    COMFORT SYSTEMS USA INC 25,777 25,777
    CONOCOPHILLIPS 37,630 37,630
    CONSTELLATION BRANDS INC 24,471 24,471
    CONSTELLATION ENERGY GROUP INC 140,402 140,402
    COOPER COMPANIES INC 63,876 63,876
    CORNING INC 40,963 40,963
    COSTCO WHOLESALE CORPORATION 38,822 38,822
    CROWDSTRIKE HOLDINGS, INC 19,890 19,890
    DANAHER CORP 119,408 119,408
    DARLING INGREDIENTS INC 37,136 37,136
    DEXCOM, INC 27,129 27,129
    DIAMONDBACK ENERGY INC 57,546 57,546
    DOLBY LABORATORIES 44,653 44,653
    DOLLAR GENERAL CORP 31,171 31,171
    DORMAN PRODUCTS INC 30,170 30,170
    DYNATRACE 15,027 15,027
    EAGLE MATERIALS INC 26,386 26,386
    EASTERLY GVMT PPTYS INC 22,848 22,848
    EATON CORP PLC 69,295 69,295
    EDGEWOOD GROWTH FUND INSTI 2,152,948 2,152,948
    ELEMENT SOLUTIONS INC 34,265 34,265
    ELI LILLY & CO 122,559 122,559
    ENTEGRIS INC 32,706 32,706
    EQT CORPORATION 35,604 35,604
    ESTEE LAUDER COMPANIES INC 17,318 17,318
    EXELON CORPORATION 133,558 133,558
    EXPEDIA INC 73,967 73,967
    EXPONENT, INC 22,410 22,410
    EXXON MOBIL CORP 225,062 225,062
    F5 NETWORKS, INC 45,606 45,606
    FEDERAL SIGNAL CORP 23,852 23,852
    FEDEX CORPORATION 43,755 43,755
    FIVE BELOW INC 22,119 22,119
    FREEPORT-MCMORAN COPPER & GOLD 73,911 73,911
    GARTNER INC 30,229 30,229
    GATES INDUSTRIAL CORPORATION P 27,566 27,566
    GENERAL MOTORS 42,622 42,622
    GENTHERM INC 19,659 19,659
    GIBRALTAR INDS INC 14,919 14,919
    GLACIER BANCORP INC 17,545 17,545
    GLOBAL PAYMENTS INC 17,149 17,149
    GLOBANT SA 21,750 21,750
    GLOBUS MEDICAL INC 19,088 19,088
    GOLDMAN SACHS BDC INC 437,170 437,170
    GOLDMAN SACHS GROUP 115,244 115,244
    GRAND CANYON EDUCATION, INC 14,129 14,129
    GUARDANT HEALTH INC 12,707 12,707
    HARDING LOEVNER INSTITUTIONAL 1,715,695 1,715,695
    HARTFORD FINANCIALSERVICES GRO 62,159 62,159
    HESS CORP 85,494 85,494
    HEWLETT PACKARD ENTERPRISE CO 58,437 58,437
    HEXCEL CP DELAWARE 21,709 21,709
    HOLOGIC, INC 19,751 19,751
    HOME DEPOT INC 54,305 54,305
    HONEYWELL INTL 26,419 26,419
    HORIZON THERAPEUTICS PUBLIC OR 73,379 73,379
    HOWMET AEROSPACE ORD SHS 56,138 56,138
    HUBBELL INCORPORATED 72,325 72,325
    HUBSPOT INC 17,438 17,438
    HUDSON PACIFIC PROPERTIES INC 14,840 14,840
    IDACORP INC HLDG CO 28,069 28,069
    IDEXX CORP 16,835 16,835
    INGERSOLL-RAND INC 96,111 96,111
    INTEGER HOLDINGS CORP 20,491 20,491
    INTERNATIONAL GAME TECHNOLOGY 27,246 27,246
    IOVANCE BIOTHERAPEUTICS 18,856 18,856
    ISHARES COHEN & STEERS REALTY 299,231 299,231
    ISHARES TRUST MSCI EAFE INDEX 2,943,778 2,943,778
    JAZZ PHARMACEUTICALS INC 37,442 37,442
    JOHCM INTERNATIONAL SELECT FUN 2,941,828 2,941,828
    KINSALE CAPITAL GROUP INC 33,298 33,298
    KRISPY KREME INC 9,520 9,520
    L3HARRIS TECHNOLOGIES 62,359 62,359
    LABORATORY CORP AMER HLDGS 36,091 36,091
    LANCASTER COLONY CORPORATION 21,249 21,249
    LAS VEGAS SANDS CORP 62,981 62,981
    LITHIA MOTORS INC CL A 34,351 34,351
    LPL FINANCIAL HOLDINGS INC 55,344 55,344
    MAGNOLIA OIL + GAS CORPORATION 20,675 20,675
    MANHATTAN ASSOCIATES INC 39,537 39,537
    MARATHON PETROLEUM CORP 110,655 110,655
    MCKESSON CORP 72,419 72,419
    MEDTRONIC PLC 134,535 134,535
    MERCK & CO INC 132,105 132,105
    METLIFE INC 128,908 128,908
    MICROSOFT CORP 213,683 213,683
    MOLINA HEALTHCARE 25,165 25,165
    MORGAN STANLEY 107,397 107,397
    MSCI INC 21,844 21,844
    NEUROCRINE BIOSCIENCES, INC 34,605 34,605
    NORDSON CP 33,403 33,403
    NORDSTROM INC 12,255 12,255
    NORFOLK SOUTHERN CORP 103,872 103,872
    NORTHROP GRUMMAN CORP 81,357 81,357
    NVIDIA CORP 55,785 55,785
    NXP SEMICONDUCTORS 29,754 29,754
    O'REILLY AUTOMOTIVE INC 36,010 36,010
    ORGANON & CO 53,325 53,325
    PAYLOCITY CORP 27,907 27,907
    PERFORMANCE FOOD GROUP COMPANY 28,278 28,278
    PHYSICIANS REALTY TRUST 22,249 22,249
    PIMCO EMERGING MARKETS BOND IN 202,461 202,461
    PINNACLE FINANCIAL PARTNERS IN 33,624 33,624
    PIPER JAFFRAY COS COM 26,073 26,073
    POLARIS INDUSTRIES 28,791 28,791
    PORTLAND GEN ELEC 21,507 21,507
    POWER INTEGRATIONS, INC 26,254 26,254
    PROLOGIS 13,647 13,647
    PROPETRO HOLDING CORP 10,500 10,500
    PS BUSINESS PARKS, INC 18,715 18,715
    QUAKER CHEMICAL CORP 20,185 20,185
    QUALCOMM INC 55,439 55,439
    QUANTA SVCS INC 59,411 59,411
    RAPID7 INCORPORATED 27,388 27,388
    RAYTHEON TECHNOLOGIES CORP 102,453 102,453
    RBC BEARINGS INCORPORATED 38,285 38,285
    RITCHIE BROS AUCTIONEERS 26,349 26,349
    RPM INTERNATIONAL INC 24,797 24,797
    SAGE THERAPEUTICS INC 12,145 12,145
    SALESFORCE.COM 13,203 13,203
    SCHNEIDER NATIONAL INC 13,988 13,988
    SERVICE NOW 54,685 54,685
    SIGNATURE BANK 31,362 31,362
    SILICON LABORATORIES, INC 26,642 26,642
    SNOWFLAKE INC 10,569 10,569
    STERIS PLC 24,738 24,738
    SUMMIT HOTEL PROPERTIES, INC 12,723 12,723
    SUN COMMUNITIES INC 36,653 36,653
    SYNEOS HEALTH INC 29,389 29,389
    SYNOPSYS, INC 34,014 34,014
    T. ROWE PRICE INTERNATIONAL DI 2,146,771 2,146,771
    TAKE-TWO INTERACTIVE SOFTWARE 38,965 38,965
    TENABLE HOLDINGS INC 17,483 17,483
    TEXAS ROADHOUSE, INC 27,450 27,450
    THERMO FISHER SCIENTIFIC INC 43,462 43,462
    TORO CO 27,663 27,663
    TWILIO INC 11,147 11,147
    UNITED THERAPEUTICS CORP 31,340 31,340
    UNITED TRANS WESTN INC    
    UNITEDHEALTH GROUP INC 112,999 112,999
    US BANCORP 75,243 75,243
    VAIL RESORTS INC 13,083 13,083
    VALERO ENERGY CORP 111,594 111,594
    VAN ECK EMERGING MARKETS FUND 1,543,020 1,543,020
    VANGUARD MID-CAP INDEX FD ADMI 1,092,343 1,092,343
    VANGUARD S&P 500 ETF 6,686,111 6,686,111
    VANGUARD SMALL CAP INDEX FD AD 1,162,085 1,162,085
    VERICEL ORD SHS 11,709 11,709
    VERTEX PHARMCTLS INC 23,107 23,107
    VISA INC 79,347 79,347
    VOYA FINANCIAL INC 119,655 119,655
    WELLS FARGO & CO 47,983 47,983
    WESTERN ALLIANCE BANCORPORATIO 37,065 37,065
    ZEBRA TECHNOLOGIES CORP 28,219 28,219

    TY 2021 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        
    HARUV STREET HAIFA        

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    APOLLO US REAL ESTATE FUND II   818,007 818,007
    ATLAS COTTON AIV I LP   0  
    ATLAS MERCHANT CAPITAL FUND LP   293,136 293,136
    AVIATION HOLDINGS III LP   315,030 315,030
    BLACKSTONE REAL ESTATE INCOME   567,277 567,277
    BLUEARC SECURITIZED INV FD (QP   315,919 315,919
    BLUEARC TECHNOLOGY OPPORTUNITY   174,809 174,809
    BROOKFIELD STRTGC RE PTNS III-   257,610 257,610
    BROOKFIELD STRTGC RE PTNS III-   175,026 175,026
    CORRUM CAPITAL AVIATION PARTNE   83,138 83,138
    CORRUM CAPITAL AVIATION PARTNE   199,697 199,697
    CORRUM CAPITAL REAL ASSETS FUN   688,730 688,730
    FOUNDER EQUITY FUND I, LLC   405,075 405,075
    GLOUSTON PRIVATE EQ OPPORTUNIT   288,771 288,771
    GOLUB CAPITAL PARTNERS INTERNA   874,604 874,604
    KAYNE ANDERSON ENERGY FUND VII   338,859 338,859
    NEW MOUNTAIN GUARDIAN III BDC,   734,511 734,511
    NZC GUGGENHEIM FUND LIMITED   303,662 303,662
    OWL ROCK CORE INCOME CORP CL I   979,822 979,822
    PANTHEON SECONDARY OPPORTUNITY   345,260 345,260
    PARTNERS GROUP PRIVATE EQUITY   1,738,366 1,738,366
    PARTNERS GROUP REAL ESTATE SEC   426,461 426,461
    PRIVATE EQUITY MANAGERS (2015)   2,036,748 2,036,748
    THE WEATHERLOW OFFSHORE FUND I   1,225,357 1,225,357
    THIRTEEN PARTNERS CONCENTRATED   588,160 588,160
    TNREF III FEEDER ENTITIES   125,103 125,103
    TRUE NORTH REAL ESTATE FUND II   135,412 135,412
    VALOR EQUITY PARTNERS IV L.P   1,125,993 1,125,993
    ARTWORK NOT USED IN FD PROGRAM   1,060,833 1,060,833

    TY 2021 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 0
    LHI WAREHOUSE 2 152,260 152,260   0
    EQUIPMENT 13,486 13,486   0


    TY 2021 LegalFeesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 284,241     284,241
    REAL ESTATE/INV REL SERVICES 157,129 157,129    


    TY 2021 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 28,220,499
    COLLECTION OF NO! MOVEMENT ART   2,042,619 2,042,619
    COMMISSIONED SCULPTURE   1,200 1,200
    DANTE ARMENTO - COMMISSIONED A   8,000 8,000
    ERROS 1975 COLLAGE - KARL M   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 2021 OtherDecreasesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Description Amount
    UNREALIZED DEPRECIATION OF INVESTMENTS 10,935,762


    TY 2021 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 137,832     137,832
    Bank Charges 64 64    
    Cell Phone Expense 546     546
    Computers/Electronic Devices 1,777     1,777
    EQUIPMENT/FURNITURE 1,555     1,555
    Indemnification Insurance 5,322     5,322
    Insurance Premiums 37,932     37,932
    K-1 Exp APOLLO US REAL ESTATE 13,918 13,357    
    K-1 Exp ATLAS MERCHANT CAPITAL 5,843 5,843    
    K-1 Exp AVIATION HOLDINGS III 8,780 8,780    
    K-1 Exp BLUEARC SECURITIZED IN 2,697 2,694    
    K-1 Exp BROOKFIELD STRTGC RE P 4,157 4,157    
    K-1 Exp BROOKFIELD STRTGC RE P 4,595 4,595    
    K-1 Exp CORRUM CAPITAL AVIATIO 40 36    
    K-1 Exp CORRUM CAPITAL AVIATIO 99 89    
    K-1 Exp CORRUM CAPITAL RAILCAR 3,006 2,614    
    K-1 Exp CORRUM CAPITAL REAL AS 98,647 69,350    
    K-1 Exp FOUNDER EQUITY FUND I, 988 944    
    K-1 Exp KAYNE ANDERSON ENERGY 30,745 2,879    
    K-1 Exp PARTNERS GROUP REAL ES 10,158 8,396    
    K-1 Exp TRUE NORTH REAL ESTATE 6,589 6,589    
    K-1 Exp VALOR EQUITY PARTNERS 9,782 9,782    
    Office Supplies 7,199     7,199
    Postage/Delivery Service 9,318     9,318
    Registered Agent Fee 181     181
    SOCIAL MEDIA/ADVERTISING EXPEN 60     60
    State or Local Filing Fees 1,533     1,533
    Website Hosting/Support 75     75
    BORIS LURIE PHOTO 33     33
    OTHER FILING FEES 460     460
    EXHIBITION EXPENSES 246,767     246,767
    SOFTWARE SUBSCRIPTION 2,100     2,100
    EXHIBIT TRANSPORTATION 189,477     189,477


    TY 2021 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 -21,919 2,843  
    K-1 Inc/Loss ATLAS MERCHANT CAPITAL FUND LP 4,145 4,145  
    K-1 Inc/Loss AVIATION HOLDINGS III LP 37,432 18,471  
    K-1 Inc/Loss BLUEARC SECURITIZED INV FD (QP) (TE O 31,364 31,327  
    K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCES 2,822 2,822  
    K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCES 13,808 13,808  
    K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS I-B, -33,014 12  
    K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS, LP -79,423 28  
    K-1 Inc/Loss CORRUM CAPITAL RAILCAR INVESTORS LP 15,753 37,197  
    K-1 Inc/Loss CORRUM CAPITAL REAL ASSETS FUND LP 72,383 43,882  
    K-1 Inc/Loss FOUNDER EQUITY FUND I, LLC -7,879 -9,016  
    K-1 Inc/Loss KAYNE ANDERSON ENERGY FUND VII, L.P 5,686 -60,799  
    K-1 Inc/Loss PARTNERS GROUP REAL ESTATE SECONDARY 39,774 24,190  
    K-1 Inc/Loss TRUE NORTH REAL ESTATE FUND III, L.P 1,006 1,006  
    K-1 Inc/Loss VALOR EQUITY PARTNERS IV L.P -1,573 55  
    Foreign Currency Loss -58,667 -58,667  
    Book royalties 2,454 2,454 2,454


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Boris Lurie Art Foundation
    EIN:
    98-0590515
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 564,465 564,465    
    ART RESTORATION 38,050     38,050
    DATA IMPORT SERVICES 1,200     1,200
    EDITING SERVICES 1,000     1,000
    EXHIBITION SERVICES 250,012     250,012
    FRAMING SERVICES 29,454     29,454
    INSURANCE SERVICE FEE 200     200
    IT SERVICES 2,092     2,092
    LICENSING FEES 1,500     1,500
    MARKETING SERVICES 49,227     49,227
    WRITING SERVICES 500     500
    PHOTOGRAPHY 14,496     14,496
    PUBLIC RELATIONS 13,630     13,630
    TRANSLATION SERVICES 11,814     11,814
    ART INSTALLATION 270     270


    TY 2021 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 2022 44,200      
    990-PF Extension for 2021 29,900      
    Foreign Tax Paid 18,200 18,200    
    VAT 1,679     1,679