Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
Graham Foundation for Advanced Studies in the Fine Arts
 
Number and street (or P.O. box number if mail is not delivered to street address)4 West Burton Place
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL606101416
A Employer identification number

36-2356089
B Telephone number (see instructions)

(312) 787-4071
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,749,952J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 19 19  
4 Dividends and interest from securities... 382,325 495,884  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
949,269
b Gross sales price for all assets on line 6a 2,538,532
7 Capital gain net income (from Part IV, line 2)... 680,462
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 28,311
b Less: Cost of goods sold.... 17,309
c Gross profit or (loss) (attach schedule)..... Click to see attachment
List of Attached Documents:
// Content
11,002  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 160,337 0
12 Total. Add lines 1 through 11........ 1,342,615 1,336,702 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 221,303     221,303
14 Other employee salaries and wages...... 378,665     378,665
15 Pension plans, employee benefits....... 136,532     120,979
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
98,529 49,265 0 40,808
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
386,846 284,639 0 83,963
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
248,541 11,807 0 42,740
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
83,091 0 0
20 Occupancy.............. 69,527     66,775
21 Travel, conferences, and meetings....... 42,099     42,263
22 Printing and publications.......... 3,470     3,470
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
237,985 110,869 0 240,646
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,906,588 456,580 0 1,241,612
25 Contributions, gifts, grants paid....... 1,094,912 979,625
26 Total expenses and disbursements. Add lines 24 and 25 3,001,500 456,580 0 2,221,237
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,658,885
b Net investment income (if negative, enter -0-) 880,122
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 546,228 220,225 220,225
2 Savings and temporary cash investments......... 100,168 187 187
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   750,000 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use.............. 28,446 27,610 27,610
9 Prepaid expenses and deferred charges.......... 96,695 149,060 149,060
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 12,203,815 Click to see attachment
List of Attached Documents:
// Content
14,161,596 		14,161,596
c Investments—corporate bonds (attach schedule)....... 2,231,532 Click to see attachment
List of Attached Documents:
// Content
2,283,983 		2,283,983
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 24,221,831 Click to see attachment
List of Attached Documents:
// Content
26,510,757 		26,510,757
14 Land, buildings, and equipment: basis right arrow3,356,859
Less: accumulated depreciation (attach schedule) right arrow1,960,325 1,282,212 Click to see attachment
List of Attached Documents:
// Content
1,396,534 		1,396,534
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,460,927 44,749,952 44,749,952
Liabilities 17 Accounts payable and accrued expenses.......... 37,827 43,920
18 Grants payable................. 182,500 305,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
195,582
23 Total liabilities (add lines 17 through 22)......... 220,327 545,002
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 38,648,152 41,142,863
25 Net assets with donor restrictions............ 2,592,448 3,062,087
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 41,240,600 44,204,950
30 Total liabilities and net assets/fund balances (see instructions). 41,460,927 44,749,952
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
41,240,600
2
Enter amount from Part I, line 27a .....................
2
-1,658,885
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,623,235
4
Add lines 1, 2, and 3 ..........................
4
44,204,950
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,204,950
Form 990-PF (2023)
Form 990-PF (2023)
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 From Partnerships Schedules K-1      
b Capital gains on investments      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 545,751     545,751
b 134,711     134,711
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 545,751
b     0 134,711
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 680,462
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 0
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 right arrow 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) 1 12,234
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 12,234
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 12,234
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 103,233
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 103,233
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 90,999
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow90,999 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowIL
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowwww.GRAHAMFOUNDATION.ORG
14
The books are in care ofright arrowSarah Herda Telephone no.right arrow (312) 787-4071

Located atright arrow4 West BurtonChicagoIL ZIP+4right arrow60610
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
SARAH HERDA EXECUTIVE DIRECTOR
40.000 		205,073 16,230 0
4 West Burton Place
Chicago,IL606101416
CRAIG BARTON TRUSTEE through 4/2023
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
JOHN SYVERTSEN TRUSTEE
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
YESOMI UMOLU TRUSTEE through 2/2023
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
Sean Keller Trustee
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
Brian Black Trustee
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
Amanda Williams Trustee
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
MICHELLE BOONE SECRETARY through 2/2023
3.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
ERIC MCKISSACK Treasurer
3.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
David Brown President
3.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
Monica Chadha Secretary
3.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
Antonio Torres Trustee
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
CHANDRA GOLDSMITH GRAY Trustee
1.000 		0 0 0
4 West Burton Place
Chicago,IL606101416
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
Alexandra Small Senior Advisor
40.000 		79,156 6,208 0
4 West Burton Place
Chicago,IL606101416
Carolyn Kelly Grants Manager
40.000 		77,621 5,913 0
4 West Burton Place
Chicago,IL606101416
Ronald Konow Facilities Manager
40.000 		72,659 5,385 0
4 West Burton Place
Chicago,IL606101416
James Pike Grant Project Mgr.
40.000 		69,538 5,367 0
4 West Burton Place
Chicago,IL606101416
Ava Barrett Program Manager
40.000 		66,767 6,322 0
4 West Burton Place
Chicago,IL606101416
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
 
Total number of others receiving over $50,000 for professional services.............right arrow0
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 PUBLIC PROGRAMS - IN ADDITION TO ITS INTERNATIONAL GRANTS PROGRAM, THE GRAHAM FOUNDATION PRODUCES ORIGINAL EXHIBITIONS, LECTURES, PANEL DISCUSSIONS, PERFORMANCES, SCREENINGS, (SEE STATEMENT) 538,702
2  
3  
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
40,602,313
b
Average of monthly cash balances.......................
1b
901,028
c
Fair market value of all other assets (see instructions)................
1c
176,670
d
Total (add lines 1a, b, and c).........................
1d
41,680,011
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
41,680,011
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
625,200
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
41,054,811
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,052,741
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
2,052,741
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,234
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,234
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,040,507
4
Recoveries of amounts treated as qualifying distributions................
4
7,713
5
Add lines 3 and 4............................
5
2,048,220
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
2,048,220
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
2,221,237
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,221,237
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,048,220
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 23,934
f Total of lines 3a through e ........ 23,934
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,221,237
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,048,220
e Remaining amount distributed out of corpus 173,017
5 Excess distributions carryover applied to 2023.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 196,951
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		196,951
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 23,934
e Excess from 2023.... 173,017
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SARAH HERDA GRAHAM FOUNDATION
4 WEST BURTON
CHICAGO,IL606101416
OC
(312) 787-4071
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED STATEMENT
cAny submission deadlines:
SEE ATTACHED STATEMENT
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHED STATEMENT
Form 990-PF (2023)
Form 990-PF (2023)
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

A Project 83 Inc

83 Grand Street FRNT A
New York,NY10013 		N/A PC Architectural Image-Making in 1980s New York: The John Nichols Printmakers & Publishers Collection 5,000

Adair Rounthwaite

4 West Burton Place
Chicago,IL60610 		N/A I This Is Not My World: Art and Public Space in Socialist Zagreb 3,000

Adam Longenbach

4 West Burton Place
Chicago,IL60610 		N/A I Stagecraft / Warcraft: The Rise of the Military Mock Village in the American West, 1942-1953 1,000

Alex Strada

4 West Burton Place
Chicago,IL60610 		N/A I House of D 7,500

Alexander Eisenschmidt

4 West Burton Place
Chicago,IL60610 		N/A I Felix Candela from Mexico City to Chicago: Rise and Fall of Experimentation in Concrete 5,000

An Tairan

4 West Burton Place
Chicago,IL60610 		N/A I The Incidental Artifactuality of the Observational Sciences in Italy, c. 1840-1880 1,000

Ana Miljaki

4 West Burton Place
Chicago,IL60610 		N/A I I Would Prefer Not To 10,000

Andr Tavares

4 West Burton Place
Chicago,IL60610 		N/A I Architecture Follows Fish 7,500

Andrea Molina Cuadro

4 West Burton Place
Chicago,IL60610 		N/A I Geo-Fantasies: A Space Race on Planet Earth 5,000

Angelika Joseph

4 West Burton Place
Chicago,IL60610 		N/A I Red Power Takeover: Native American Activists, Colonial Landscapes, and the Design of Sovereignty 1,000

Anjulie Rao

4 West Burton Place
Chicago,IL60610 		N/A I Weathered, Season 2 2,600

Anna Bokov

4 West Burton Place
Chicago,IL60610 		N/A I From Method to Style: "Elements of Spatial Composition Architectural Pedagogy after Vkhutemas 10,000

Anna Gloria Goodman

4 West Burton Place
Chicago,IL60610 		N/A I Citizen Architects: How Hands-on Building in Architectural Education Shaped a Nation 6,500

Anooradha Siddiqi

4 West Burton Place
Chicago,IL60610 		N/A I Architecture of Migration: The Dadaab Refugee Camps and Humanitarian Settlement 10,000

ArchiteXX

4136 Leland Street
Chevy Chase,MD20815 		N/A PC Spatializing Reproductive Justice 10,000

Arnika Fuhrmann

4 West Burton Place
Chicago,IL60610 		N/A I In the Mood for Texture: The Revival of Bangkok as a Chinese City 10,000

Art Omi

1405 County Route 22
Ghent,NY12075 		N/A PC Olalekan Jeyifous: Even in Arcadia... 10,000

Becky Beamer & Jori Erdman

4 West Burton Place
Chicago,IL60610 		N/A I Witness: Design of the Tougaloo Center for Racial Justice and Equity 10,000

Bruno Borgna Mauricio Corbaln & Pio Torroja

4 West Burton Place
Chicago,IL60610 		N/A I Giving Voice to the Rio de La Plata Basin 10,000

Camila Palomino & Sean Vegezzi

4 West Burton Place
Chicago,IL60610 		N/A I Civic Gaze 7,500

Canadian Centre for Architecture

1920 rue Baile
Montreal,QuebecH3H2S6
CA 		N/A NC AP205 Amancio Williams: Readings of the Archive by Studio Muoto, Claudia Shmidt, and Pezo von Ellrichshausen 10,000

Carla Aramouny & Sandra Frem

4 West Burton Place
Chicago,IL60610 		N/A I Shifting Grounds [the ground between form and practice in Beirut] 12,500

Carmen Amengual

4 West Burton Place
Chicago,IL60610 		N/A I A Non-Coincidental Mirror 9,000

Chandra Marina Laborde

4 West Burton Place
Chicago,IL60610 		N/A I Transecological (Re)Imaginations in the Tenderloin 2,500

Chelsea Spencer

4 West Burton Place
Chicago,IL60610 		N/A I The Contract, the Contractor, and the Capitalization of American Building, 1870-1930 1,000

Chicago Architecture Biennial

78 East Washington Street
Chicago,IL60602 		N/A PC Chicago Architecture Biennial 75,000

Chicago Architecture Foundation

111 East Wacker Suite 1321
Chicago,IL60601 		N/A PC ChartierDalix: Systems 5,000

Chris Dingwall David Hartt & Daniel Schulman

4 West Burton Place
Chicago,IL60610 		N/A I Black Designers in Chicago 10,000

Claire Zimmerman

4 West Burton Place
Chicago,IL60610 		N/A I Albert Kahn, Inc. and the Architecture of Capitalism, 1905-1961 10,000

Curry J Hackett

4 West Burton Place
Chicago,IL60610 		N/A I Drylongso: Imaging the Black Landscape 7,500

Davide Spina

4 West Burton Place
Chicago,IL60610 		N/A I Roman Leviathan: Architecture and Capitalism in Postwar Italy 10,000

Deepa Ramaswamy

4 West Burton Place
Chicago,IL60610 		N/A I Reclaimed Lands: The Ecological Legacies of Colonial Bombay's Coasts 5,000

Deepthi Bathala

4 West Burton Place
Chicago,IL60610 		N/A I Famine crops, Plantations, and Environmental Imaginaries: Botanical Gardens in Colonial and Contemporary India 1,000

Del Vaz Projects

259 19th Street
Santa Monica,CA90402 		N/A PC Alma Allen & Su Wu: Site Repair 10,000

Ed Wall

4 West Burton Place
Chicago,IL60610 		N/A I Expanding Architectural Operations 5,000

Elisavet Edvisa Hasa

4 West Burton Place
Chicago,IL60610 		N/A I Building Solidarity Architectures: Collective Care in Times of Crisis 9,000

Elmhurst Art Museum

150 South Cottage Hill Avenue
Elmhurst,IL60126 		N/A PC A Love Supreme 10,000

Emma Letizia Jones Guillaume Othenin-Girard & Nemanja Zimonjic

4 West Burton Place
Chicago,IL60610 		N/A I Vilanova Artigas: Drawing Models 7,500

Faiza Moatasim

4 West Burton Place
Chicago,IL60610 		N/A I Master Plans and Encroachments: The Architecture of Informality in Islamabad 5,000

Feifei Zhou

4 West Burton Place
Chicago,IL60610 		N/A I Between Land and Water - Architecture of Porosity 7,500

Felecia Davis

4 West Burton Place
Chicago,IL60610 		N/A I TEXTURAL THRESHOLD HAIR SALON: Dreadlock 5,000

Fernanda Canales

4 West Burton Place
Chicago,IL60610 		N/A I If Women Made Cities: Expanding Coexistence 7,500

Gabriel Cira James Heard & Julian Phillips

4 West Burton Place
Chicago,IL60610 		N/A I Stull & Lee: Black Architecture Vision for an Infrastructural City 10,000

Gili Merin

4 West Burton Place
Chicago,IL60610 		N/A I Analogous Jerusalem 10,000

Giovanni Bellotti Alessandra Covini & Adelita Husni-Bey

4 West Burton Place
Chicago,IL60610 		N/A I La Casa Tappeto 15,000

Gouled Ahmed & Asmaa Jama

4 West Burton Place
Chicago,IL60610 		N/A I Together we fled a realm 10,000

Gustavo Diguez Felipe Mesa and Ana Valderrama

4 West Burton Place
Chicago,IL60610 		N/A I Design-Build Studios in Latin America: Teaching through a Social Agenda 10,000

Harvard University-Graduate School of Design

7 Sumner Road
Cambridge,MA02138 		N/A PC 2023 Black in Design: The Black Home 10,000

Huda Tayob

4 West Burton Place
Chicago,IL60610 		N/A I Index of Edges 10,000

igo Cornago Bonal Vishwanath Kashikar & Christoph Lueder

4 West Burton Place
Chicago,IL60610 		N/A I How to Build with Time? Learning from Bimanagar, Ahmedabad, India 3,000

Isabel Duarte Maya Ober & Nina Paim

4 West Burton Place
Chicago,IL60610 		N/A I Etceteras: feminist festival of design and publishing 10,000

Jessica Vaughn

4 West Burton Place
Chicago,IL60610 		N/A I All Connected 5,000

Jia Weng

4 West Burton Place
Chicago,IL60610 		N/A I Environmental Conduits in China: Pipe Politics, Fluid Management, and the Rise of the Global Airscape 15,000

Jo-ey Tang

4 West Burton Place
Chicago,IL60610 		N/A I arms ache avid aeon: Nancy Brooks Brody / Joy Episalla / Zoe Leonard / Carrie Yamaoka: fierce pussy amplified 10,000

John Keenen

4 West Burton Place
Chicago,IL60610 		N/A I Tony Smith Architecture Catalogue Raisonne 10,000

Joseph Bedford

4 West Burton Place
Chicago,IL60610 		N/A I Attention Audio Journal, Issues 8, 9 and 10 6,000

Joseph Giovannini

4 West Burton Place
Chicago,IL60610 		N/A I Zaha: A Biography 5,000

Judith Raum

4 West Burton Place
Chicago,IL60610 		N/A I Otti Berger: Weaving for Modernist Architecture 10,000

Kenny Cupers Makau Kitata & Chao Tayiana Maina

4 West Burton Place
Chicago,IL60610 		N/A I Kamirithu Theatre: An Architecture for Decolonization 12,500

KJ Abudu

4 West Burton Place
Chicago,IL60610 		N/A I Traces of Ecstasy 15,000

Kofi M Boone & Margaret Elen Deming

4 West Burton Place
Chicago,IL60610 		N/A I Empty Pedestals: Narratives on History, Race and Public Design 12,500

Krista Thompson

4 West Burton Place
Chicago,IL60610 		N/A I Antonius Roberts: Art, Ecology, and Sacred Space 5,000

Laila Kazmi

4 West Burton Place
Chicago,IL60610 		N/A I Reaching New Heights: Fazlur Rahman Khan and The Skyscraper 5,000

Landmark Columbus Foundation

408 6th Street
Columbus,IN46205 		N/A PC Public by Design, 2023 Exhibit Columbus 10,000

La Namer

4 West Burton Place
Chicago,IL60610 		N/A I Chacarita Moderna: The brutalist necropolis of Buenos Aires by the architect Itala Fulvia Villa. 12,500

Loudreaders

321 Main Street
Ames,IA50010 		N/A PC The LOUDREADER 10,000

Makram El Kadi & Ziad Jamaleddine

4 West Burton Place
Chicago,IL60610 		N/A I From Mountain to Sea: Architectural Excursions in the Lebanese Landscape and Beyond 10,000

Manuel Shvartzberg Carri

4 West Burton Place
Chicago,IL60610 		N/A I Inland Empire: Settler Colonialism, Modern Architecture, and the Rise of American Hegemony 10,000

Marco Piscitelli

4 West Burton Place
Chicago,IL60610 		N/A I Rust on a Razor Blade: Mickey Muennig in Big Sur, 1970-2000 5,500

Maria Gaspar

4 West Burton Place
Chicago,IL60610 		N/A I I Believe in the Things You Cannot See 15,000

Megan Echols & Dana McKinney

4 West Burton Place
Chicago,IL60610 		N/A I Black-Still 15,000

Michael Moynihan

4 West Burton Place
Chicago,IL60610 		N/A I Aggregative Expertise: A Global History of Housing, Information Science, and the Deprofessionalization of the Architect, 1973-82 1,000

Minne Atairu

4 West Burton Place
Chicago,IL60610 		N/A I The Menstrual Isolation Room is a Spa! 8,000

Mona Minkara

4 West Burton Place
Chicago,IL60610 		N/A I Planes, Trains, and Canes 5,000

Nahyun Hwang & David Moon

4 West Burton Place
Chicago,IL60610 		N/A I Labor (Un)settlement and Migration Futures 10,000

New York Review of Architecture

217 West 18th Street
New York,NY10011 		N/A NC Los Angeles Review of Architecture 10,000

Nusaibah Khan

4 West Burton Place
Chicago,IL60610 		N/A I Productive Landscapes in Srinagar-A Study of the Lacustrine Economies of Dal Lake 7,500

Oliver Wainwright

4 West Burton Place
Chicago,IL60610 		N/A I The New Utopias 5,000

Oscar Tuazon

4 West Burton Place
Chicago,IL60610 		N/A I Los Angeles Water School 10,000

Ozayr Saloojee & Jamie Vanucchi

4 West Burton Place
Chicago,IL60610 		N/A I Design Research for Uncertain Futures 10,000

Paola Antonelli & Alice Rawsthorn

4 West Burton Place
Chicago,IL60610 		N/A I Design Emergency 10,000

Paprika

180 York Street
New Haven,CT06511 		N/A PC Paprika! 2,500

Paula Lira & Tatiana Pinto

4 West Burton Place
Chicago,IL60610 		N/A I Entangled Ecologies 5,000

Prospect New Orleans

PO Box 58800
New Orleans,LA70158 		N/A PC Ennials Alliance Design Identity 2,125

Qiran Shang

4 West Burton Place
Chicago,IL60610 		N/A I "It's Only Dancing": Urban Spaces, Pleasure, and Resistance in Berlin, San Francisco, and Shanghai, 1924-1989 1,000

Radhi Ben Hadid Meriem Chabani & John Edom

4 West Burton Place
Chicago,IL60610 		N/A I Muqarnas-Sacred Grounds 12,500

Rania Ghosn & El Hadi Jazairy

4 West Burton Place
Chicago,IL60610 		N/A I Elephant in the Room, and Other Fables 10,000

Rice University-School of Architecture

Anderson Hall MS-50 6100 Main Stree
t
Houston,TX77005 		N/A PC PLAT 13 2,500

Sarah Hearne

4 West Burton Place
Chicago,IL60610 		N/A I Print Ready Drawings 15,000

Sharon Leung

4 West Burton Place
Chicago,IL60610 		N/A I An Ode to Basement Workshop 1971-86 7,500

SPACES

2900 Detroit Avenue
Cleveland,OH44113 		N/A PC Everlasting Plastics, US Pavilion, 18th International Architecture Exhibition 35,000

Stathis Yeros

4 West Burton Place
Chicago,IL60610 		N/A I Queering Urbanism: Architecture, Embodiment, and Queer Citizenship 3,000

Stephanie Y Choi

4 West Burton Place
Chicago,IL60610 		N/A I Twilight Requiem 7,500

Susan Slyomovics

4 West Burton Place
Chicago,IL60610 		N/A I Monuments Decolonized: Algeria's French Colonial Heritage 5,000

Suzy Halajian & Noah Simblist

4 West Burton Place
Chicago,IL60610 		N/A I Cracks in the Edifice: Niemeyer's futuristic fairground in Tripoli 10,000

Sylvia Wu

4 West Burton Place
Chicago,IL60610 		N/A I Mosques on the Edge: Tale and Survival of Muslim Monuments in Coastal China 1,000

Texas Tech Foundation Inc

Texas Tech University Libraries 150
8 Knoxville Avenue
Lubbock,TX79409 		N/A PC CROP 10: YIELD 5,000

Thandi Loewenson

4 West Burton Place
Chicago,IL60610 		N/A I The Uhuru Catalogues 8,500

The Formwork Associazione Culturale

Cannaregio 638
Venice   30121
IT 		N/A NC Building a Skyscraper: The Schiller Building by Adler and Sullivan 2,000

The Renaissance Society at the University of Chicago

5811 South Ellis Avenue
Chicago,IL60637 		N/A PC Dala Nasser 5,000

The School of Architecture

8776 East Shea Boulevard 106-601
Scottsdale,AZ85260 		N/A PC Seabreeze Bop City 15,000

The University of Texas at Austin

School of Architecture 310 Inner Ca
mpus Drive
Austin,TX787121009 		N/A PC The Black Home as Public Art 15,000

Tobey Aaron

4 West Burton Place
Chicago,IL60610 		N/A I Drawing Management: Corporate Organization, International Practice, and the Making of Computer Aided Design 20,000

Toby Altman

4 West Burton Place
Chicago,IL60610 		N/A I Prairie School 5,000

Toronto Metropolitan University

302 Church Street
Toronto,OntarioM5B1E9
CA 		N/A NC SPACE FOR FREE 3,000

Tutin Aryanti

4 West Burton Place
Chicago,IL60610 		N/A I Women's Prayer Space: The Politics of Sex Segregation 10,000

University of IL at Chicago

College of Architecture Design Art
845 West Harrison Street
Chicago,IL60607 		N/A PC Pollen - The UIC/SoArch Journal 5,000

University of Southern California

School of Architecture 3607 Trousda
le Pkwy
Los Angeles,CA90089 		N/A PC VOL 01: DELIRIUM 2,500

Vaissnavi Shukl

4 West Burton Place
Chicago,IL60610 		N/A I Architecture Off-Centre 3,500

Virginia Commonwealth University Foundation

111 North 4th Street
Richmond,VA23219 		N/A PC Dear Mazie, 15,000

Yasmina Carole El Chami

4 West Burton Place
Chicago,IL60610 		N/A I Building "International Goodwill": American Campuses in the "Near East," 1919-1964 7,500

Yolande J Daniels

4 West Burton Place
Chicago,IL60610 		N/A I Black City Astrolabe 5,000

Yun Fu

4 West Burton Place
Chicago,IL60610 		N/A I Thinking and Building on Shaky Ground 10,000

Society of Architectural Historians

3500 N LAKE SHORE DR
Chicago,IL60657 		None PC Annual Fundraiser 1,900
Total .................................right arrow 3a 979,625
bApproved for future payment

Architectural Association School of Architecture
36 Bedford Square
London   WC1B3ES
UK 		None NC Entangled Archive: a digital framework for collecting and sharing the dispersed legacy of the AA Department of Tropical Architecture 10,000

Association of Architecture Organizations
111 East Wacker Drive
Chicago,IL606014402 		None PC AAO Design Matters Conference 2024 10,000

Citygroup
104b Forsyth Street
New York,NY10009 		None NC Citygroup Exhibition Program, 2023 5,000

Craig Buckley
4 West Burton Place
Chicago,IL60610 		None I The Street and the Screen: Architectures of Spectatorship in the Age of Cinema 7,000

Dark Matter U
University of Utah 375 South 1530 E
ast Room 235
Salt Lake City,UT84112 		None NC Challenging Patterns of Supremacy: Provocations from Collective Pedagogy, Practice, and Organizing 10,000

Dia Art Foundation
535 West 22nd Street 6th Floor
New York,NY10011 		None PC Cameron Rowland at Dia Beacon 10,000

Dongola
Pine Park Building
Beirut   Sector57
LE 		None NC Provoking the Territory: Bernard Khoury 10,000

Elizabeth Glvez & Jos Ibarra
4 West Burton Place
Chicago,IL60610 		None I Latinx Coalition Chats 10,000

Geoffrey Bawa Trust
Number 11 33rd Lane
Colombo   00300
CE 		None NC On Gardens: Contemplating the Relative in Space, Time, and Life 10,000

i Press
208 Fayerweather Street
Cambridge,MA02138 		None PC Revisiting the i press Series on the Human Environment by Mary Otis Stevens 10,000

LIGA-Space for Architecture
Calle Doctor Erazo 176 Colonia Doc
Mexico City   06720
MX 		None NC The missing architect 10,000

Lydia Kallipoliti & Areti Markopoulou
4 West Burton Place
Chicago,IL60610 		None I EDIBLE; Or, The Architecture of Metabolism 12,500

SALAA
Avenida Miguel Alemn Valdz 2692-A
Tijuana   22400
MX 		None NC Rethinking Architecture Education in Latin America 5,000

Smithsonian Institution-Cooper-Hewitt National Design Museum
2 East 91st Street
New York,NY10128 		None PC HOME: SMITHSONIAN DESIGN TRIENNIAL 10,000

Soberscove Press
2125 North Albany Avenue
Chicago,IL60647 		None PC In the Horizontal Plane: taisha paggett performance works 10,000

The World Around
250 Ashland Place 4A
Brooklyn,NY112174302 		None PC The World Around Summit 2024 10,000

Tivon Rice
4 West Burton Place
Chicago,IL60610 		None I A Pattern Language for Spatial Adjacencies 10,000

University of CA Berkeley-Architecture Department
232 Wurster Hall 1800
Berkeley,CA947201800 		None PC Arkisnak 3,000

University of CA Los Angeles-Dept of Architecture and Urban Design
UCLA Office of Contract Grant Ad 10
889 Wilshire Boulevard Suite 700
Los Angeles,CA900951406 		None PC POOL, Issue No. 09 3,000

Victoria and Albert Museum
Cromwell Road
London   SW72RL
UK 		None NC Tropical Modernism: Architecture and Power in West Africa and South Asia 10,000
Total ................................. right arrow 3b 175,500
Form 990-PF (2023)
Form 990-PF (2023)
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 19  
4 Dividends and interest from securities ....     14 385,995  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 2,880 18 946,389  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory     1 11,002  
11 Other revenue:
aPartnership Income 		901101 -3,670      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -790 1,343,405 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,342,615
(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.)
Form 990-PF (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 98,529 49,265   40,808

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TY 2023 DepreciationSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
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
Available Upon Request           83,091      

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TY 2023 ExpenditureResponsibilityStmt
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
African Futures Institute
  		6 Senchi Street
Airport Residential Area
Accra   00000
GH 		2022-06-28 10,000 Production and Presentation\Publication FOLIO: Journal of Contemporary African Architecture, Volume 3: 19.8 10,000 No 09/11/23; 8/17/24 2024-08-18 VERIFIED
Bracket
  		2140 Encinal Ave
Alameda,CA94501 		2022-06-28 10,000 Production and Presentation\Publication Bracket [On Sharing] 2,000 No 03/30/23; 9/26/24 2024-09-26 VERIFIED
Canadian Centre for Architecture
  		1920 rue Baile
Montreal,QuebecH3H2S6
CA 		2023-06-22 10,000 Production and Presentation\Publication AP205 Amancio Williams: Readings of the archive by Studio Muoto, Claudia Shmidt, and Pezo von Ellrichshausen 4,400 No 3/29/24 2024-04-02 VERIFIED
Dalhousie University
  		PO Box 15000
5410 Spring Garden Road
Halifax,Nova ScotiaB3H4R2
CA 		2020-11-23 10,000 Production and Presentation\Publication Design Matters series: Colonization Through Design and Situated Practices in Architecture and Politics 1,893 No 06/08/22; 09/26/23; 09/26/24 2024-09-26 VERIFIED
The Formwork Associazione Culturale
  		Cannaregio 638
Venice   30121
IT 		2022-10-27 2,000 Production and Presentation/Exhibition Building a Skyscraper: The Schiller Building by Adler and Sullivan 2,000 No 8/8/23 2023-08-09 VERIFIED
Goldsmiths College London University
  		Department of Visual Cultures Golds
University of London New Cross
London   SE146NW
UK 		2022-06-28 10,000 Production and Presentation / Publication Research Architecture: Provocations, Practices, and Propositions 10,000 No 08/29/23; 8/23/24 2024-08-23 VERIFIED
Juan de la Cosa John of the Thing
  		Sindicalismo 43
Escandn II Secc
Mexico City   06100
MX 		2020-11-23 6,000 Production and Presentation\Publication Notebooks Series 4,000 No 10/19/22, 09/06/23, 09/27/24 2024-09-30 VERIFIED
Manifest Project Inc
  		145 East 15th Street Apt 17A
New York,NY10003 		2022-06-28 10,000 Production and Presentation\Publication Manifest: A Journal of the Americas, Issues 4-5 1,500 No 09/30/23; 9/27/24 2024-09-27 VERIFIED
New York Review of Architecture
  		217 West 18th Street Unit 407
New York,NY10011 		2023-06-22 10,000 Production and Presentation\Publication Los Angeles Review of Architecture 10,000 No 2/16/2024 2024-03-27 VERIFIED
Toronto Metropolitan University
  		302 Church Street
Toronto,OntarioM5B1E9
CA 		2023-06-22 3,000 Production and Presentation\Publication SPACE FOR FREE 2,954 No 7/18/2024 2024-08-16 VERIFIED

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TY 2023 GainLossSaleOtherAssetsSch
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
          2,538,532 1,589,263     949,269  

TY 2023 GeneralExplanationAttachment
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Identifier Return Reference Explanation
Grants to Individuals Form 990-PF, Part VI, Section B Line 5d Founded in 1956, the Graham Foundation for Advanced Studies in the Fine Arts makes project-based grants to individuals and organizations and produces public programs to foster the development and exchange of diverse and challenging ideas about architecture and its role in the arts, culture, and society. The Graham Foundation offers the following types of grants: (1) Production and Presentation Grants to individuals and organizations; (2) Research and Development Grants to individuals. The grant period of a Production and Presentation Grant is two years, and the grant period of a Research and Development Grant is one year. Within the grant period, grantees are expected to plan, implement, and close out their project by submitting progress reports, and acknowledge Graham Foundation support in all media. (3) Carter Manny Award for students enrolled in doctoral programs in the U.S. and Canada. All grantees must agree to and sign a grant agreement before grant funds are issued. The grant agreement stipulates: A) Grant funds must be used only for the specific purpose of the grant, as stated in the grantee's application, and will be used only for the charitable, scientific, literary or educational purposes of the grantee. The grant purpose is subject to modification only with the written approval of the Foundation. B) Any extension of the project terms must be requested in writing to the Graham Foundation for approval. C) Any funds not expended in accordance with the purpose of the grant must be returned to the Foundation. Grantees acknowledge grant funds, up to an including the full amount of the grant, will be returned to the Graham Foundation if failure to comply with the grant agreement conditions occurs. Any unused grant funds must also be returned to the Foundation. D) Grantees agree to furnish written progress reports to the Foundation at least once a year. E) Upon project completion, grantees submit a final summary report and final project products, such as publications, exhibition catalogues, conference proceedings, new media (films, podcasts, etc.), project images, and other printed media such as press releases, reviews, and announcements. F) The Foundation retains the right to monitor and conduct evaluations of grants, which may include a visit by foundation personnel to observe grantees' programs, discussion of the project with grantees, and review of grantees' financial and other records and materials connected with the activities financed by this grant.
Reports and results Form 990-PF, Part VI, Section B Line 5d The interim and final reports outline the manner in which the grant funds were spent and the progress made in accomplishing the grant's purposes, including but not limited to: a current project budget that accounts for how Graham Foundation grant funds were expended for the grant's purposes; a description of the progress to date toward the project's objectives, e.g. major activities and their outcomes or factors that hindered or accelerated the project progress; a description of any collateral research or activity which has resulted from the award; a description of the current work plan and schedule. Reporting requirements are monitored by foundation staff and tracked in a grant management database. Interim reports, final reports, and final products are reviewed by the foundation's program officer and executive director and are maintained in each grantee's record.
Summary of Activities/Investments Form 990-PF, Part VIII, Line 1 and other public programs featuring the work of international architects, artists, and designers whose work explores innovative and experimental approaches to architecture and the designed environment. All programs are free and open to the public. In 2023, the Foundation presented three exhibitions and multidisciplinary events and workshops at the Madlener House by architects, artists, and scholars. All programs are free, open to the public, and reach local, national, and international audiences. The graham foundation maintains the Madlener House, recognized on the national register of historic places, to host its public programs, galleries, library, bookstore and outdoor collection of architectural fragments. The non-circulating library is open to the public housing nearly 2,000 publications supported by the graham foundation over last 65 years. The Graham Foundation bookshop offers a selection of publications produced by the foundation's grantees, titles related to our public programming, as well as new, historically significant, and rare publications on architecture, urbanism, art, and related fields.

TY 2023 InvestmentsCorpBondsSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
FIXED INCOME 2,283,983 2,283,983

TY 2023 InvestmentsCorpStockSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
LARGE & SMALL CAP EQUITY 14,161,596 14,161,596

TY 2023 InvestmentsOtherSchedule2
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INTERNATIONAL EQUITY FMV 6,682,003 6,682,003
HEDGED EQUITY FMV 7,030,127 7,030,127
PRIVATE EQUITY FMV 3,483,847 3,483,847
ABSOLUTE RETURN FMV 9,314,780 9,314,780

TY 2023 LandEtcSchedule2
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 86,951   86,951 86,951
BUILDINGS 2,729,365 1,577,352 1,152,013 1,152,013
EQUIPMENT 540,543 382,973 157,570 157,570


TY 2023 OtherExpensesSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Insurance 45,290     44,555
Dues & Subscriptions 7,085     7,085
Advertising & Promotions 18,297     18,297
Postage & Shipping 9,851     9,851
Office Equipment 6,699     6,295
Grant Making Database Fees 22,359     22,359
Bank & Credit Card Fees 3,309     3,007
Program Supplies 113     113
A/V & Documentation 3,580     6,643
Stipends/Honoraria Speakers 11,000     9,500
Reception & Hospitality 9,264     9,264
Production 84,525     84,525
Planning & Research 15     15
Supplies 9,481     9,481
Miscellaneous Expenses 7,117     9,656
Other expenses from pass through entities   110,869    


TY 2023 OtherIncomeSchedule2
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Other Income from pass through   160,337  


TY 2023 OtherIncreasesSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
Unrealized gain on investments 4,623,235


TY 2023 OtherLiabilitiesSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Deferred Excise Taxes 0 195,582


TY 2023 OtherProfessionalFeesSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 342,068 284,639   40,000
IT & GRAPHIC DESIGN FEES 17,672     17,207
CONSULTANT FEES 22,600     22,250
PAYROLL SERVICES 4,506     4,506


TY 2023 SalesOfInventoryList 
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1

Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
Cost of Goods Sold)
Book Store Sales 18,857 17,309 -3,535
Shipping Income 14,537   14,537

TY 2023 TaxesSchedule
Name:
Graham Foundation for Advanced Studies in the Fine Arts
EIN:
36-2356089
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAX 42,739     42,739
OTHER STATE TAXES 1     1
FOREIGN TAXES PAID - Schedule K-1   11,807    
FEDERAL EXCISE TAX 205,801