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 07-01-2023 , and ending 06-30-2024
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 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$86,935,458J 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) 100,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 24,358 24,358  
4 Dividends and interest from securities... 644,286 644,286  
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 10 511,838
b Gross sales price for all assets on line 6a 19,589,676
7 Capital gain net income (from Part IV, line 2)... 512,033
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
List of Attached Documents:
// Content
732,377 488,277 466
12 Total. Add lines 1 through 11........ 2,027,859 1,683,954 466
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 450,000     450,000
14 Other employee salaries and wages...... 308,854     308,854
15 Pension plans, employee benefits....... 56,108     56,108
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
280,064 59,500 0 220,564
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,860 0 0 27,860
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,283,933 550,978   732,955
17 Interest............... 13,097 13,097    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
34,031 30,731    
19 Depreciation (attach schedule) and depletion...     0
20 Occupancy.............. 216,869     216,869
21 Travel, conferences, and meetings....... 132,354     132,354
22 Printing and publications.......... 5,129     5,129
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
911,533 134,040   671,733
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,719,832 788,346 0 2,822,426
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 3,719,832 788,346 0 2,822,426
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,691,973
b Net investment income (if negative, enter -0-) 895,608
c Adjusted net income (if negative, enter -0-)... 466
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.............      
2 Savings and temporary cash investments......... 670,525 985,102 985,102
3 Accounts receivable right arrow2,082
Less: allowance for doubtful accounts right arrow   11,740 2,082 2,082
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,659,544 Click to see attachment
List of Attached Documents:
// Content
1,553,873 		1,553,873
b Investments—corporate stock (attach schedule)....... 32,067,983 Click to see attachment
List of Attached Documents:
// Content
35,158,756 		35,158,756
c Investments—corporate bonds (attach schedule)....... 1,020,414 Click to see attachment
List of Attached Documents:
// Content
992,077 		992,077
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,379,523 Click to see attachment
List of Attached Documents:
// Content
17,820,772 		17,820,772
14 Land, buildings, and equipment: basis right arrow194,641
Less: accumulated depreciation (attach schedule) right arrow194,641      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
30,411,796 		Click to see attachment
List of Attached Documents:
// Content
30,422,796 		Click to see attachment
List of Attached Documents:
// Content
30,422,796
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 84,221,525 86,935,458 86,935,458
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
25 Net assets with donor restrictions............    
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 84,221,525 86,935,458
29 Total net assets or fund balances (see instructions)..... 84,221,525 86,935,458
30 Total liabilities and net assets/fund balances (see instructions). 84,221,525 86,935,458
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
84,221,525
2
Enter amount from Part I, line 27a .....................
2
-1,691,973
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,405,906
4
Add lines 1, 2, and 3 ..........................
4
86,935,458
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
86,935,458
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c NZC GUGGENHEIM FUND LIMITED P 2024-01-01 2024-01-31
d NZC GUGGENHEIM FUND LIMITED P   2024-02-29
e NZC GUGGENHEIM FUND LIMITED P 2021-12-31 2023-09-30
NZC GUGGENHEIM FUND LIMITED P 2021-12-31 2023-11-01
PARTNERS GROUP PRIVATE EQUITY (MASTER FUND), LLC P 2015-01-01 2024-04-01
THIRTEEN PARTNERS CONCENTRATED LTD P 2018-11-29 2023-12-31
DISTRIB IN EXCESS OF BASIS-FOUNDER EQ FD      
DISTRIB IN EXCESS OF BASIS-GLOUSTON PRVT      
LT CAP GAIN DISTRIB-GOLUB CAPITAL      
LT CAP GAIN DISTRIB-PRTNRS GROUP PRVT EQ      
DISTRIB IN EXCESS OF BASIS-PRVT EQ MNGRS      
(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 18,386,022   18,487,313 -101,291
b       -1,861
c 562   568 -6
d 121,644   119,235 2,409
e 5,438   6,074 -636
533   499 34
500,000   295,406 204,594
217,156   166,687 50,469
15,228     15,228
51,300     51,300
179     179
53,448     53,448
238,166     238,166
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       -101,291
b        
c       -6
d       2,409
e       -636
      34
      204,594
      50,469
      15,228
      51,300
      179
      53,448
      238,166
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 2 512,033
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 12,449
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 12,449
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 12,449
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,972
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 11,972
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 477
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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 arrowDE, 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 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 arrowborislurieart.org
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowIS
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)
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
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)
 
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
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
 
 
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
Claude EtheClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Joi Deirdre GriegClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		25,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Amy KorenvaesClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		25,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Alexandra LauvauxClick to see attachment
List of Attached Documents:
// Content
Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Gertrude SteinClick to see attachment
List of Attached Documents:
// Content
Dir, Pres
40.0 		375,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Anthony WilliamsClick to see attachment
List of Attached Documents:
// Content
Dir, Chairman
10.0 		25,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
ELIZABETH MISEO Collections Manager
40.0 		115,350    
599 11TH AVENUE FL 4
NEW YORK,NY10036
PATRICK J GORA Assistant Registrar
40.0 		90,350    
599 11TH AVENUE FL 4
NEW YORK,NY10036
Total number of other employees paid over $50,000...................right arrow  
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
SRI Fine Art Services Art Handling/Storage 664,025
120 Brighton Rd Unit 1
Clifton,NJ07012
Fidelity Investment Mgmt 550,740
PO Box 77001
CINCINNATI,OH45277
Dentons US LLP Legal 270,064
Dept 3078
Carol Stream,IL601323078
Rafael Vostell Philanthropic 197,249
IM SPRUDELHOF-LUDWIGSTR
BAD NAUHEIM   20-D-61231
GM
Center for Persecuted Arts Exhibition services 165,935
WUPPERTALER STRASSE 160
SOLINGEN   42653
GM
Total number of others receiving over $50,000 for professional services.............right arrow3
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. 1,201,280
2 RESTORATION, STORAGE, AND MAINTENANCE OF ART HELD BY THE FOUNDATION, INCLUDING ART CREATED BY BORIS LURIE AS WELL AS OTHERS. 606,537
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. 101,879
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 arrow  
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
35,349,459
b
Average of monthly cash balances.......................
1b
836,181
c
Fair market value of all other assets (see instructions)................
1c
17,777,593
d
Total (add lines 1a, b, and c).........................
1d
53,963,233
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
53,963,233
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
809,448
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
53,153,785
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,657,689
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
2,657,689
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,449
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
900
c
Add lines 2a and 2b............................
2c
13,349
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,644,340
4
Recoveries of amounts treated as qualifying distributions................
4
15,000
5
Add lines 3 and 4............................
5
2,659,340
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
2,659,340
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
2,822,426
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
11,000
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,833,426
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 2,659,340
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 140,292
b From 2019...... 557,511
c From 2020......  
d From 2021......  
e From 2022...... 832,810
f Total of lines 3a through e ........ 1,530,613
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,833,426
a Applied to 2022, 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 2023 distributable amount..... 2,659,340
e Remaining amount distributed out of corpus 174,086
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,704,699
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		140,292
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,564,407
10 Analysis of line 9:
a Excess from 2019.... 557,511
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 832,810
e Excess from 2023.... 174,086
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).)
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 right arrow
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 (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
Total .................................right arrow 3a  
bApproved for future payment
Total ................................. right arrow 3b  
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 24,358  
4 Dividends and interest from securities ....     14 644,286  
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 -195 18 512,033  
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 243,413 14 50,630  
bNET FOREIGN CURRENCY LOSS     01 -19  
cBOOK ROYALTIES         466
dINT/DIV FROM ALTERNATIVE INVESTMENTS     14 437,887  
e
12 Subtotal. Add columns (b), (d), and (e) .. 243,218 1,684,175 466
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,927,859
(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 earned in connection with publications as described in Part VIII-A, Line 3.
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:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Boris Lurie Art Foundation
 
Employer identification number

98-0590515
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Boris Lurie Art Foundation
  		Employer identification number
98-0590515
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Schaina Josephina Lurje Memorial
c/o A Williams 1221 Ave of the Ame
 
New York, NY10020

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Boris Lurie Art Foundation
  		Employer identification number

98-0590515
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Boris Lurie Art Foundation
  		Employer identification number

98-0590515
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL STMT EXAMINATION 27,860     27,860

TY 2023 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 6/30/24, the Foundation paid $270,064 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 2023 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 2017-01-01 28,895 28,895 SL 7     0  
LHI WAREHOUSE 2 2017-02-17 152,260 152,260 SL 3     0  
EQUIPMENT 2017-01-01 13,486 13,486 SL 5        

TY 2023 GeneralExplanationAttachment
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Identifier Return Reference Explanation
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.
FORM 990-PF, PART I, LN 6A Form 990-PF, Part I, ln 6a RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $512,033 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(195) TOTAL PART I, LINE 6A: $511,838 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $18,386,022 BOOK BASIS: $18,487,313 NET GAIN/(LOSS): $(101,291) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $(1,861) SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $1,203,654 BOOK BASIS: $588,469 NET GAIN/(LOSS): $615,185

TY 2023 InvestmentsCorpBondsSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABS BOND - 3.750% - 11 32,184 32,184
ADOBE SYSTEMS INC - 3.250% - 0 32,565 32,565
AMERICAN EXPRESS CREDIT MTN BO 30,752 30,752
APPLE INC - 3.250% - 02/23/202 32,074 32,074
ASTRAZENECA FINANCE LLC - 1.75 42,578 42,578
BANK OF AMERICA CORPORATION - 48,349 48,349
BERKSHIRE HATHAWAY NOTE - 3.12 31,947 31,947
BRISTOL-MYERS SQUIBB - 1.450% 38,940 38,940
CHEVRON CORP - 2.954% - 05/16/ 31,747 31,747
CITIGROUP INC - 3.887% - 01/10 30,894 30,894
CITIGROUP INC GLBL - 3.057% - 40,850 40,850
COCA COLA CO - 1.450% - 06/01/ 29,236 29,236
COMCAST CORP NT - 3.150% - 02/ 45,106 45,106
DISNEY WALT CO - 2.650% - 01/1 27,980 27,980
FLORIDA PWR & LT CO BOND - 2.4 40,063 40,063
GOLDMAN SACHS GROUP INC - 3.27 48,684 48,684
JP MORGAN CHASE - 3.540% - 05/ 30,551 30,551
JPMORGAN CHASE & CO NOTE - 4.9 31,132 31,132
MARSH &MCLENNAN COS INC - 4.37 30,309 30,309
MERCK & CO - 2.150% - 12/10/20 39,977 39,977
MORGAN STANLEY - 3.625% - 01/2 31,821 31,821
PEPSICO INC - 3.000% - 10/15/2 30,255 30,255
PROLOGIS LP - 2.250% - 04/15/2 27,552 27,552
SHELL INTERNATIONAL - 3.250% - 32,408 32,408
TRUIST FINL CORP SER G MTN - 1 44,634 44,634
UNITEDHEALTH GROUP INC FXD RT 31,912 31,912
WALMART INC - 3.250% - 07/08/2 45,112 45,112
WELLS FARGO - 3.000% - 02/19/2 32,465 32,465

TY 2023 InvestmentsCorpStockSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Name of Stock End of Year Book Value End of Year Fair Market Value
ACADIA HEALTHCARE CO INC 23,301 23,301
ADAPTEC, INC 9,705 9,705
ADOBE SYSTEMS, INC 51,110 51,110
AGREE REALTY CORP 23,228 23,228
ALEXANDRIA REAL ESTATE EQUITIE 8,656 8,656
ALPHABET INC CL A 150,274 150,274
AMAZON COM 154,407 154,407
AMETEK INC 29,341 29,341
ANALOG DEVICES INC 20,772 20,772
API GROUP CORPORATION 33,867 33,867
APPLE INC 204,301 204,301
APTAR GROUP INC 19,713 19,713
ATKORE INTERNATIONAL GROUP INC 30,359 30,359
ATLANTIC UNION BANKSHARES CORP 22,667 22,667
AZENTA INC 25,784 25,784
BIO RAD LABS INC CL A 21,303 21,303
BIO TECHNE CORPORATION 33,890 33,890
BIOMARIN PHARMACEUTICAL INC 15,066 15,066
BJ'S WHLSL CLUB INC 61,488 61,488
BLACKROCK HIGH YIELD BOND PORT 992,810 992,810
BOOZ ALLEN HAMILTON HOLDING CO 36,167 36,167
BRIGHT HORIZONS FAMILY SOLUTIO 34,125 34,125
BROADCOM INC 27,294 27,294
BURLINGTON STORES, INC 34,800 34,800
CARTER'S INC 10,845 10,845
CAUSEWAY INTERNATIONAL VALUE F 2,141,053 2,141,053
CAVCO INDS INC DEL 45,002 45,002
CCC INTELLIGENT SOLUTIONS HOLD 39,441 39,441
CHAMPIONX CORP 15,775 15,775
CHART INDUSTRIES, INC 37,095 37,095
CHURCHILL DOWNS INC 23,732 23,732
COGNEX CORPORATION 39,278 39,278
COLUMBUS MCKINNON CORPORATION 22,106 22,106
COMFORT SYSTEMS USA INC 45,618 45,618
COSTCO WHOLESALE CORPORATION 48,449 48,449
CYBERARK SOFTWARE LTD 53,317 53,317
DARLING INGREDIENTS INC 18,522 18,522
DATADOG INC 18,027 18,027
DEXCOM, INC 29,252 29,252
DFA U.S. LARGE CAP VALUE PORTF 1,744,358 1,744,358
DORMAN PRODUCTS INC 25,157 25,157
EAGLE MATERIALS INC 39,143 39,143
EASTERLY GVMT PPTYS INC 18,555 18,555
EASTGROUP PROPERTIES INC 25,515 25,515
EDGEWOOD GROWTH FUND INSTI 2,046,973 2,046,973
ELEMENT SOLUTIONS INC 42,714 42,714
ENTEGRIS INC 48,067 48,067
ESTEE LAUDER COMPANIES INC 5,320 5,320
EXPEDIA INC 35,151 35,151
EXPONENT, INC 27,109 27,109
FEDERAL SIGNAL CORP 39,743 39,743
FIVE BELOW INC 17,980 17,980
GATES INDUSTRIAL CORPORATION P 33,596 33,596
GENTHERM INC 15,536 15,536
GIBRALTAR INDS INC 25,364 25,364
GLACIER BANCORP INC 17,354 17,354
GLOBANT SA 32,087 32,087
GLOBUS MEDICAL INC 38,354 38,354
GRAND CANYON EDUCATION, INC 20,987 20,987
GROUP 1 AUTOMOTIVE INC 20,810 20,810
GUARDANT HEALTH INC 13,371 13,371
HALOZYME THERAPEUTICS, INC 32,987 32,987
HARDING LOEVNER INSTITUTIONAL 525,281 525,281
HEALTHPEAK PROPERTIES, INC 12,544 12,544
HEXCEL CP DELAWARE 19,360 19,360
HOLOGIC, INC 38,239 38,239
HOME DEPOT INC 48,538 48,538
HONEYWELL INTL 12,812 12,812
IDACORP INC HLDG CO 24,685 24,685
IDEX CP 39,234 39,234
IDEXX CORP 16,565 16,565
INTEGER HOLDINGS CORP 40,527 40,527
INTRA CELLULAR THERAPIES INC 29,451 29,451
ISHARES CORE MSCI EMERGING MAR 1,009,736 1,009,736
ISHARES TRUST MSCI EAFE INDEX 3,277,326 3,277,326
ISRAELI NEW SHEKEL 6,547 6,547
ITT INC 35,525 35,525
JAZZ PHARMACEUTICALS INC 24,548 24,548
JOHCM INTERNATIONAL SELECT FUN 2,020,024 2,020,024
KINSALE CAPITAL GROUP INC 38,528 38,528
KLA TENCOR CORP 54,418 54,418
LANCASTER COLONY CORPORATION 31,180 31,180
LAZARD GLOBAL LISTED INFRASTRU 777,719 777,719
LINCOLN ELECTRIC HOLDING INC 25,466 25,466
MA COM TECHNOLOGY SOLUTIONS HO 31,769 31,769
MAGNOLIA OIL + GAS CORPORATION 24,960 24,960
MANHATTAN ASSOCIATES INC 46,869 46,869
MARKETAXESS HOLDINGS, INC 14,037 14,037
MATADOR RESOURCES COMPANY 24,436 24,436
META PLATFORMS INC 72,608 72,608
MICROSOFT CORP 263,701 263,701
NATIONAL STORAGE AFFILIATES TR 17,931 17,931
NETFLIX INC 25,645 25,645
NEUROCRINE BIOSCIENCES, INC 39,924 39,924
NORDSON CP 38,270 38,270
NORFOLK SOUTHERN CORP 21,254 21,254
NVIDIA CORP 264,993 264,993
O'REILLY AUTOMOTIVE INC 33,794 33,794
OVINTIV INC 26,950 26,950
PAYLOCITY CORP 25,711 25,711
PERFORMANCE FOOD GROUP COMPANY 40,658 40,658
PERMIAN RESOURCES CORP CLASS A 20,188 20,188
PINNACLE FINANCIAL PARTNERS IN 37,219 37,219
PIPER JAFFRAY COS COM 52,939 52,939
POLARIS INDUSTRIES 19,578 19,578
PORTLAND GEN ELEC 24,647 24,647
PROCORE TECHNOLOGIES INC 27,187 27,187
PROLOGIS 9,322 9,322
QUAKER CHEMICAL CORP 29,698 29,698
QUANTA SVCS INC 24,139 24,139
RBC BEARINGS INCORPORATED 35,611 35,611
RPM INTERNATIONAL INC 33,919 33,919
S&P GLOBAL INC COM 20,962 20,962
SCHNEIDER NATIONAL INC 19,932 19,932
SEAFARER OVERSEAS GROWTH & INC 498,145 498,145
SELECT SECTOR SPDR INDUSTRIAL 1,109,139 1,109,139
SERVICE NOW 55,854 55,854
SILICON LABORATORIES, INC 21,020 21,020
SIMPSON MANUFACTURING CO INC 16,853 16,853
SITEONE LANDSCAPE SUPPLY INC 26,103 26,103
STIFEL FINANCIAL CP 29,873 29,873
SUN COMMUNITIES INC 27,678 27,678
SYNOPSYS, INC 54,150 54,150
TAKE-TWO INTERACTIVE SOFTWARE 20,369 20,369
TANDEM DIABETES CARE INC 33,239 33,239
TESLA MOTORS INC 17,413 17,413
TEXAS ROADHOUSE, INC 58,381 58,381
THERMO FISHER SCIENTIFIC INC 15,484 15,484
TORO CO 27,585 27,585
TRI POINTE HOMES INC COM 13,596 13,596
UBER 22,894 22,894
UNITED TRANS WESTN INC    
UNITEDHEALTH GROUP INC 33,611 33,611
VAIL RESORTS INC 16,212 16,212
VANGUARD GROWTH ETF 1,211,044 1,211,044
VANGUARD INFORMATION TECHNOLOG 1,012,492 1,012,492
VANGUARD MID-CAP INDEX FD ADMI 1,072,520 1,072,520
VANGUARD S&P 500 ETF 7,406,424 7,406,424
VANGUARD SMALL CAP INDEX FD AD 1,047,279 1,047,279
VANGUARD VALUE ETF 2,587,253 2,587,253
VERICEL ORD SHS 21,334 21,334
VERTEX PHARMCTLS INC 27,654 27,654
VISA INC 75,066 75,066
VOYA FINANCIAL INC 44,113 44,113
WINTRUST FINANCIAL CORPORATION 31,046 31,046
ZEBRA TECHNOLOGIES CORP 29,657 29,657

TY 2023 InvestmentsGovtObligationsSch
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
US Government Securities - End of Year Book Value:

1,553,873
US Government Securities - End of Year Fair Market Value:

1,553,873
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 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 REALTY INCOME SOLUTIONS   517,616 517,616
APOLLO US REAL ESTATE FUND II   667,653 667,653
ARTWORK NOT USED IN FD PROGRAM   1,060,833 1,060,833
ATLAS MERCHANT CAPITAL FUND LP   220,218 220,218
AVIATION HOLDINGS III LP   200,418 200,418
BLACKSTONE REAL ESTATE INCOME   585,428 585,428
BLUE OWL CREDIT INCOME CORP CL   1,275,602 1,275,602
BLUEARC SECURITIZED INV FD (QP   257,243 257,243
BLUEARC TECHNOLOGY OPPORTUNITY   660,434 660,434
BOSE OPPORTUNITY FUND (QP) (TE   113,783 113,783
BROOKFIELD STRTGC RE PTNS III-   342,256 342,256
BROOKFIELD STRTGC RE PTNS III-   235,282 235,282
CORRUM CAPITAL AVIATION PARTNE   57,382 57,382
CORRUM CAPITAL AVIATION PARTNE   138,292 138,292
CORRUM CAPITAL REAL ASSETS FUN   530,483 530,483
FOUNDER EQUITY FUND I, LLC   337,605 337,605
GLOUSTON PRIVATE EQ OPPORTUNIT   190,465 190,465
GOLUB CAPITAL PARTNERS INTERNA   890,419 890,419
GOLUB CAPITAL PRIVATE CREDIT F   791,280 791,280
KAYNE ANDERSON ENERGY FUND VII   288,364 288,364
NEW MOUNTAIN GUARDIAN III BDC,   619,016 619,016
NZC GUGGENHEIM FUND LIMITED -   56,498 56,498
PANTHEON GLOBAL CO-INVESTMENT   472,301 472,301
PANTHEON SECONDARY OPPORTUNITY   578,297 578,297
PARTNERS GROUP PRIVATE EQUITY   1,536,747 1,536,747
PARTNERS GROUP REAL ESTATE SEC   382,449 382,449
PRIVATE EQUITY MANAGERS (2015)   1,712,727 1,712,727
THE WEATHERLOW OFFSHORE FUND I   1,452,880 1,452,880
THIRTEEN PARTNERS CONCENTRATED   256,151 256,151
TNREF III FEEDER ENTITIES - 12   93,948 93,948
TRUE NORTH REAL ESTATE FUND II   77,464 77,464
VALOR EQUITY PARTNERS IV L.P   1,221,238 1,221,238

TY 2023 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 28,895    
LHI WAREHOUSE 2 152,260 152,260    
EQUIPMENT 13,486 13,486    


TY 2023 LegalFeesSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 220,564     220,564
INVESTMENT RELATED SERVICES 59,500 59,500    


TY 2023 OtherAssetsSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
BOOKS-CDS-LIBRARY   1,002 1,002
COLLECTION OF BORIS LURIE ART   28,220,500 28,220,500
COLLECTION OF NO! MOVEMENT ART   2,042,619 2,042,619
COMMISSIONED SCULPTURE   1,200 1,200
DANTE ARMENTO - COMMISSIONED 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" HARRIE   5,000 5,000
UNTITLED COLLAGE ON PAPER (DOU   11,000 11,000


TY 2023 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 146,507     146,507
Bank Charges 420 420    
Cell Phone Expense 1,403     1,403
Computers/Electronic Devices 4,873     4,873
Digital Subscriptions 8,126     8,126
Equipment/Furniture Purchase 703     703
Foundation Dues & Memberships 1,158     1,158
Indemnification Insurance 5,322     5,322
OTHER INSURANCE 29,623     29,623
K-1 Exp APOLLO US REAL ESTATE 14,872 14,772    
K-1 Exp ATLAS MERCHANT CAPITAL 3,275 3,275    
K-1 Exp AVIATION HOLDINGS III 2,898 2,898    
K-1 Exp BLUEARC SECURITIZED IN 2,751 2,751    
K-1 Exp BLUEARC TECHNOLOGY OPP 4,656 4,381    
K-1 Exp BROOKFIELD STRTGC RE P 3,902 3,801    
K-1 Exp BROOKFIELD STRTGC RE P 3,158 3,158    
K-1 Exp CORRUM CAPITAL AVIATIO 39 34    
K-1 Exp CORRUM CAPITAL AVIATIO 91 79    
K-1 Exp CORRUM CAPITAL REAL AS 94,453 65,946    
K-1 Exp FOUNDER EQUITY FUND I, 5 3    
K-1 Exp KAYNE ANDERSON ENERGY 79,808 3,983    
K-1 Exp PARTNERS GROUP REAL ES 14,299 13,373    
K-1 Exp TRUE NORTH REAL ESTATE 5,702 5,702    
K-1 Exp VALOR EQUITY PARTNERS 9,471 9,464    
Office Supplies 1,914     1,914
Postage/Delivery Service 9,321     9,321
SOCIAL MEDIA/ADVERTISING 90     90
State or Local Filing Fees 1,558     1,558
TRANSPORTATION - EXHIBITIONS 458,970     458,970
Website Hosting/Support 2,165     2,165


TY 2023 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 -21,536 132  
K-1 Inc/Loss ATLAS MERCHANT CAPITAL FUND LP 2,986 2,986  
K-1 Inc/Loss AVIATION HOLDINGS III LP 28,614 2,721  
K-1 Inc/Loss BLUEARC SECURITIZED INV FD (QP) (TE 22,008 22,008  
K-1 Inc/Loss BLUEARC TECHNOLOGY OPPORTUNITY FD (Q 28,957 27,239  
K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCE 3 384  
K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCE 3,694 3,694  
K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS I-B 810 -2,030  
K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS, LP 2,329 -4,908  
K-1 Inc/Loss CORRUM CAPITAL REAL ASSETS FUND LP 161,329 -9,291  
K-1 Inc/Loss FOUNDER EQUITY FUND I, LLC 5 5  
K-1 Inc/Loss KAYNE ANDERSON ENERGY FUND VII, L.P 74,493 2,292  
K-1 Inc/Loss PARTNERS GROUP REAL ESTATE SECONDARY -9,324 4,644  
K-1 Inc/Loss VALOR EQUITY PARTNERS IV L.P -325 67  
Foreign Currency Loss -19 -19  
Book royalties 466 466 466
Interest/dividends from alt investments 437,887 437,887  


TY 2023 OtherIncreasesSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Description Amount
UNREALIZED APPRECIATION OF INVESTMENTS 4,405,906


TY 2023 OtherProfessionalFeesSchedule
Name:
Boris Lurie Art Foundation
EIN:
98-0590515
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 550,978 550,978    
ART CONSERVATION 19,082     19,082
ART HANDLING 14,843     14,843
BOOK PUBLICATION 85,156     85,156
CATALOGUE CONSULTING 8,900     8,900
DATABASE SERVICES 7,080     7,080
EXHIBITION SERVICES 466,654     466,654
FRAMING SERVICES 40,116     40,116
INFO TECHNOLOGY SERVICES 774     774
MARKETING SERVICES 52,700     52,700
ADMIN CONSULTING 350     350
PRODUCTION SERVICES 35,500     35,500
TRANSLATION SERVICES 300     300
WRITING SERVICES 1,500     1,500


TY 2023 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 2024 3,300      
Foreign Tax Paid 13 13    
TAX WITHHELD BY PARTNERSHIPS 30,718 30,718