TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025

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 If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$89,315,026J Accounting method: Cash Accrual
Other (specify)MODIFIED CASH
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	20,259		20,259
4	Dividends and interest from securities...	723,059		723,059
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		1,099,845
b	Gross sales price for all assets on line 6a 13,814,767
7	Capital gain net income (from Part IV, line 2)...			1,167,748
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).......	List of Attached Documents: // Content	795,285	499,440	306
12	Total. Add lines 1 through 11........	2,653,448		2,425,506	306
13	Compensation of officers, directors, trustees, etc.	687,500				687,500
14	Other employee salaries and wages......	362,027				362,027
15	Pension plans, employee benefits.......	52,670				52,670
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	297,090	66,166	0	230,924
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	28,350	0	0	28,350
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,531,782	583,068		948,714
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	26,506	4,919
19	Depreciation (attach schedule) and depletion...				0
20	Occupancy..............	162,295				162,295
21	Travel, conferences, and meetings.......	9,313				9,313
22	Printing and publications..........	16,885				16,885
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	530,465	146,708		351,223
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,704,883		800,861	0	2,849,901
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	3,704,883		800,861	0	2,849,901
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,051,435
b	Net investment income (if negative, enter -0-)			1,624,645
c	Adjusted net income (if negative, enter -0-)...				306

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	985,102	1,114,700	1,114,700
	3	Accounts receivable 62,531
		Less: allowance for doubtful accounts	2,082	62,531	62,531
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,553,873	List of Attached Documents: // Content 1,576,745	1,576,745
	b	Investments—corporate stock (attach schedule).......	35,158,756	List of Attached Documents: // Content 38,554,594	38,554,594
	c	Investments—corporate bonds (attach schedule).......	992,077	List of Attached Documents: // Content 996,799	996,799
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	17,820,772	List of Attached Documents: // Content 16,610,385	16,610,385
	14	Land, buildings, and equipment: basis 42,381
		Less: accumulated depreciation (attach schedule) 42,381
	15	Other assets (describe )	List of Attached Documents: // Content 30,422,796	List of Attached Documents: // Content 30,399,272	List of Attached Documents: // Content 30,399,272
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	86,935,458	89,315,026	89,315,026
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	86,935,458	89,315,026
	29	Total net assets or fund balances (see instructions).....	86,935,458	89,315,026
	30	Total liabilities and net assets/fund balances (see instructions).	86,935,458	89,315,026

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

86,935,458

Enter amount from Part I, line 27a .....................

-1,051,435

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

3,431,003

Add lines 1, 2, and 3 ..........................

89,315,026

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

89,315,026

Form 990-PF (2024)

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	BLUE OWL CREDIT INCOME CORP CL I	P		2025-03-31
d	COMMISSIONED SCULPTURE	P	2011-06-30	2024-12-31
e	DANTE ARMENTO - COMMISSIONED ART	P	2012-03-05	2024-12-31
	ERRO'S 1975 COLLAGE - KARL MARX	P	2014-07-14	2024-12-31
	GOLUB CAPITAL PARTNERS INTERNATIONAL 11, L.P	P	2024-01-01	2024-07-03
	Lucio Fontana Sculptures	D	2010-07-03	2024-12-31
	NEW MOUNTAIN GUARDIAN III BDC, LLC	P	2024-01-02	2024-12-17
	NZC GUGGENHEIM FUND LIMITED	P	2024-01-02	2025-02-28
	NZC GUGGENHEIM FUND LIMITED	P	2024-01-02	2024-07-31
	NZC GUGGENHEIM FUND LIMITED	P	2024-01-02	2024-10-31
	NZC GUGGENHEIM FUND LIMITED	P	2024-01-02	2024-12-31
	PARTNERS GROUP PRIVATE EQUITY (MASTER FUND), LLC	P	2024-01-03	2024-07-02
	Rocco Armento Poplar (Large)	P	2012-05-24	2024-12-31
	Rocco Armento Poplars	P	2012-05-24	2024-12-31
	THE WEATHERLOW OFFSHORE FUND I LTD	P	2024-01-01	2024-07-29
	THIRTEEN PARTNERS CONCENTRATED LTD	P	2024-01-01	2024-12-31
	WAREHOUSE IMPROVEMENTS - 599 11TH AVENUE	P	2016-07-06	2025-06-30
	LT CAP GAIN DISTRIB-PRTNRS GROUP PRVT EQ
	DISTRIB IN EXCESS OF BASIS - GLOUSTON PRVT
	DISTRIB IN EXCESS OF BASIS - PRVT EQ MNGRS
	ISRAELI NEW SHEKEL		2022-07-01	2024-07-01
	ISRAELI NEW SHEKEL		2022-07-01	2024-08-29
	ISRAELI NEW SHEKEL		2024-09-05	2024-09-08
	DISTRIB IN EXCESS OF BASIS-FOUNDER EQUITY FD

(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	9,315,043		8,730,659	584,384
b				-588
c	1,366,050		1,345,889	20,161
d			1,200	-1,200
e			8,000	-8,000
			4,524	-4,524
	512,918		512,918
			93,334	-93,334
	544,886		486,015	58,871
	623		1,306	-683
	33,487		22,258	11,229
	2,600		3,917	-1,317
	3,259		7,062	-3,803
	978,780		1,004,922	-26,142
			2,100	-2,100
			7,700	-7,700
	350,000		240,901	109,099
	286,024		166,657	119,367
		152,260	0	0
	26,367			26,367
	22,431			22,431
	359,034			359,034
	58		63	-5
	6,665		6,990	-325
	16		16
	6,526			6,526

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			584,384
b
c			20,161
d			-1,200
e			-8,000
			-4,524

			-93,334
			58,871
			-683
			11,229
			-1,317
			-3,803
			-26,142
			-2,100
			-7,700
			109,099
			119,367
	152,260		0
			26,367
			22,431
			359,034
			-5
			-325

			6,526

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,167,748
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	22,583
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	22,583
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	22,583
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	20,100
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	24,100
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	29
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,488
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax1,488	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

DE, NJ, NY

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 .

Yes

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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

borislurieart.org

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

16 At any time during calendar year 2024, 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 (2024)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2024? .............

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)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 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 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part 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-)
Claude Ethe List of Attached Documents: // Content	Dir 1.0	25,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	25,000
Joi Deirdre Grieg List of Attached Documents: // Content	Dir 1.0	31,250
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	31,250
Amy Korenvaes List of Attached Documents: // Content	Dir 1.0	31,250
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	31,250
Gertrude Stein List of Attached Documents: // Content	Dir, Pres 40.0	575,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 40.0	575,000
Anthony Williams List of Attached Documents: // Content	Dir, Chairman 10.0	25,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Chairman 10.0	25,000

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
PATRICK J GORA	ASSISTANT REGISTRAR 40.0	95,300
599 11TH AVENUE FL 4 NEW YORK,NY10036	ASSISTANT REGISTRAR 40.0	95,300
ELIZABETH MISEO	Collections Manager 40.0	92,226
599 11TH AVENUE FL 4 NEW YORK,NY10036	Collections Manager 40.0	92,226
Gloria J Cortez	FACILITIES ASSISTANT 40.0	59,716
599 11TH AVENUE FL 4 New York,NY10036	FACILITIES ASSISTANT 40.0	59,716
STEPHANIE STEBICH	EXECUTIVE DIRECTOR 40.0	58,814
599 11TH AVENUE FL 4 NEW YORK,NE10036	EXECUTIVE DIRECTOR 40.0	58,814


Total number of other employees paid over $50,000...................

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Fidelity	Investment Mgmt	583,010
po box 77001 CINCINNATI,OH45277	Investment Mgmt	583,010
Imaging4Art	Philanthropic	321,475
338 Still Hill Road Hamden,CT06518	Philanthropic	321,475
SRI Fine Art Services	art handling/storage	318,188
120 Brighton Rd Unit 1 Clifton,NJ07012	art handling/storage	318,188
Dentons US LLP	Legal	296,224
Dept 3078 Carol Stream,IL601323078	Legal	296,224
Rafael Vostell	Philanthropic	200,191
Im Sprudelhof-Ludwigstr 20-D-6123 Bad Nauheim GM	Philanthropic	200,191

Total number of others receiving over $50,000 for professional services............. right arrow

300

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.	696,868
2	RESTORATION, STORAGE, AND MAINTENANCE OF ART HELD BY THE FOUNDATION, INCLUDING ART CREATED BY BORIS LURIE AS WELL AS OTHERS.	524,625
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.	337,800
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 (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

39,317,594

Average of monthly cash balances.......................

898,988

Fair market value of all other assets (see instructions)................

16,821,864

Total (add lines 1a, b, and c).........................

57,038,446

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

57,038,446

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

855,577

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

56,182,869

Minimum investment return. Enter 5% (0.05) of line 5................

2,809,143

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.)

Minimum investment return from Part IX, line 6..................

2,809,143

Tax on investment income for 2024 from Part V, line 5 .......

22,583

Income tax for 2024. (This does not include the tax from Part V.) ...

11,421

Add lines 2a and 2b............................

34,004

Distributable amount before adjustments. Subtract line 2c from line 1............

2,775,139

Recoveries of amounts treated as qualifying distributions................

15,000

Add lines 3 and 4............................

2,790,139

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

2,790,139

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,849,901

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,849,901

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			2,790,139
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:2022, 2021, 2020
3 Excess distributions carryover, if any, to 2024:
a From 2019......	557,511
b From 2020......
c From 2021......
d From 2022......	832,810
e From 2023......	174,086
f Total of lines 3a through e ........		1,564,407
4Qualifying distributions for 2024 from Part
XI, line 4: $ 2,849,901
a Applied to 2023, 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 2024 distributable amount.....			2,790,139
e Remaining amount distributed out of corpus		59,762
5 Excess distributions carryover applied to 2024.
(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		1,624,169
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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			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 2019 not applied on line 5 or line 7 (see instructions) ...		557,511
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		1,066,658
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....	832,810
d Excess from 2023....	174,086
e Excess from 2024....	59,762

Form 990-PF (2024)

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 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2024)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

Form 990-PF (2024)

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	(e) Related or exempt function income (See instructions.)
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	20,259
4 Dividends and interest from securities ....			14	723,059
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	12,097	18	1,087,748
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	295,845	14	115,042
bBOOK ROYALTIES					306
cINT/DIV FROM ALTERNATIVE INVESTMENTS			14	381,329
dOTHER INCOME			01	2,763
e
12 Subtotal. Add columns (b), (d), and (e) ..		307,942		2,345,200	306

13Total. Add line 12, columns (b), (d), and (e)..................

2,653,448

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FINANCIAL STMT EXAMINATION	28,350			28,350

- TIN:

TY 2024 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 6/30/25, THE FOUNDATION PAID $296,224 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.

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 6/30/25, THE FOUNDATION PAID $296,224 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.

- TIN:

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

TY 2024 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)	Adjusted Net Income
FURNITURE	2019-01-01	28,895	28,895	SL	7	0
LHI WAREHOUSE 2	2017-02-17	152,260	152,260	SL	3
EQUIPMENT	2020-01-01	13,486	13,486	SL	5

- TIN:

TY 2024 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): $1,087,748 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $12,097 TOTAL PART I, LINE 6A: $1,099,845 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $9,315,043 BOOK BASIS: $8,730,658 NET GAIN/(LOSS): $584,385 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $(588) SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $4,499,725 BOOK BASIS: $3,995,774 NET GAIN/(LOSS): $503,951

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CREDIT MTN BO	31,539	31,539
APPLE INC - 3.250% - 02/23/202	32,790	32,790
ASTRAZENECA FINANCE LLC - 1.75	44,992	44,992
BANK OF AMERICA CORPORATION -	49,605	49,605
BERKSHIRE HATHAWAY NOTE - 3.12	32,742	32,742
BP CAP MKTS - 2.721% - 01/12/2	27,719	27,719
BRISTOL-MYERS SQUIBB - 1.450%	41,508	41,508
CITIGROUP INC - 3.887% - 01/10	31,706	31,706
CITIGROUP INC GLBL - 3.057% -	42,901	42,901
COCA COLA CO - 1.450% - 06/01/	30,538	30,538
COMCAST CORP NT - 3.150% - 02/	46,755	46,755
DISNEY WALT CO - 2.650% - 01/1	29,497	29,497
ENTERPRISE PRODS OPER LLC NOTE	29,632	29,632
FLORIDA PWR & LT CO BOND - 2.4	42,337	42,337
GOLDMAN SACHS GROUP INC - 1.99	40,691	40,691
JP MORGAN CHASE - 3.540% - 05/	31,522	31,522
JPMORGAN CHASE & CO NOTE - 4.9	32,193	32,193
MARSH &MCLENNAN COS INC - 4.37	31,112	31,112
MERCK & CO - 2.150% - 12/10/20	41,882	41,882
MORGAN STANLEY - 1.794% - 02/1	27,361	27,361
PEPSICO INC - 3.000% - 10/15/2	31,285	31,285
PROLOGIS LP - 2.250% - 04/15/2	29,085	29,085
SALESFORCE COM INC NOTE CALL M	27,180	27,180
TOYOTAMTRCRCORPSERB - 0.000% -	31,822	31,822
TRUIST FINL CORP SER G MTN - 1	46,926	46,926
UNITEDHEALTH GROUP INC FXD RT	32,708	32,708
WALMART INC - 3.250% - 07/08/2	46,766	46,766
WELLS FARGO & CO SER W MTN - 5	32,005	32,005

- TIN:

TY 2024 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	14,975	14,975
ADAPTEC, INC	31,234	31,234
ADOBE SYSTEMS, INC	27,082	27,082
ADVANCED ENERGY IND INC	11,263	11,263
AGREE REALTY CORP	22,649	22,649
ALEXANDRIA REAL ESTATE EQUITIE	5,375	5,375
ALLEGION PLC	17,294	17,294
ALPHABET INC CL A	145,390	145,390
AMAZON COM	186,043	186,043
AMETEK INC	31,849	31,849
ANALOG DEVICES INC	38,083	38,083
ANTERO RESOURCES CORPORATION	27,390	27,390
API GROUP CORPORATION	52,326	52,326
APPLE INC	188,346	188,346
APPLIED IDNS TECH	13,947	13,947
APTAR GROUP INC	17,989	17,989
ASSURANT INC	21,724	21,724
ATLANTIC UNION BANKSHARES CORP	23,147	23,147
AZENTA INC	8,772	8,772
BIO RAD LABS INC CL A	16,410	16,410
BIO TECHNE CORPORATION	34,883	34,883
BJ'S WHLSL CLUB INC	39,358	39,358
BLACKROCK HIGH YIELD BOND PORT	401,350	401,350
BOOZ ALLEN HAMILTON HOLDING CO	14,578	14,578
BRIGHT HORIZONS FAMILY SOLUTIO	32,751	32,751
BROADCOM INC	126,248	126,248
BURLINGTON STORES, INC	27,917	27,917
CAUSEWAY INTERNATIONAL VALUE F	2,587,343	2,587,343
CAVCO INDS INC DEL	36,058	36,058
CCC INTELLIGENT SOLUTIONS HOLD	27,760	27,760
CHART INDUSTRIES, INC	37,376	37,376
CHURCHILL DOWNS INC	23,735	23,735
COGNEX CORPORATION	21,094	21,094
COMFORT SYSTEMS USA INC	47,186	47,186
COSTCO WHOLESALE CORPORATION	56,427	56,427
CROWDSTRIKE HOLDINGS, INC	45,838	45,838
CULLEN FROST BANKERS INC	23,137	23,137
CYBERARK SOFTWARE LTD	50,860	50,860
DARLING INGREDIENTS INC	23,637	23,637
DFA U.S. LARGE CAP VALUE PORTF	1,896,744	1,896,744
DORMAN PRODUCTS INC	34,348	34,348
DRIEHAUS EMERGING MARKETS GROW	549,355	549,355
EAGLE MATERIALS INC	29,306	29,306
EASTGROUP PROPERTIES INC	20,890	20,890
ELEMENT SOLUTIONS INC	28,879	28,879
ELI LILLY & CO	27,284	27,284
ENTEGRIS INC	18,146	18,146
EXPONENT, INC	12,701	12,701
FEDERAL SIGNAL CORP	40,440	40,440
FRESHPET INC	8,495	8,495
GATES INDUSTRIAL CORPORATION P	40,878	40,878
GENTHERM INC	13,013	13,013
GLACIER BANCORP INC	16,801	16,801
GLOBANT SA	10,447	10,447
GLOBUS MEDICAL INC	31,576	31,576
GRAND CANYON EDUCATION, INC	23,625	23,625
GROUP 1 AUTOMOTIVE INC	34,937	34,937
GUARDANT HEALTH INC	32,057	32,057
HALOZYME THERAPEUTICS, INC	18,207	18,207
HEALTHPEAK PROPERTIES, INC	15,584	15,584
HOLOGIC, INC	17,919	17,919
HOME DEPOT INC	51,696	51,696
HUBSPOT INC	19,482	19,482
IDACORP INC HLDG CO	25,399	25,399
IDEX CP	28,091	28,091
INSMED INC COM DE	32,708	32,708
INTEGER HOLDINGS CORP	23,979	23,979
ISHARES CORE MSCI EAFE ETF	3,319,665	3,319,665
ISHARES CORE MSCI EMERGING MAR	1,552,016	1,552,016
ITT INC	36,071	36,071
JABIL CIRCUIT INC	25,082	25,082
JAZZ PHARMACEUTICALS INC	25,469	25,469
JOHCM INTERNATIONAL SELECT FUN	2,247,012	2,247,012
KINSALE CAPITAL GROUP INC	35,325	35,325
KLA TENCOR CORP	46,578	46,578
LAZARD GLOBAL LISTED INFRASTRU	964,305	964,305
LINCOLN ELECTRIC HOLDING INC	22,805	22,805
LINDE PLC COM	29,558	29,558
MACOM TECHNOLOGY SOLUTIONS HOL	42,271	42,271
MAGNOLIA OIL + GAS CORPORATION	18,209	18,209
MANHATTAN ASSOCIATES INC	22,709	22,709
MARKETAXESS HOLDINGS, INC	12,284	12,284
MARZETTI COMPANY COM	29,371	29,371
MATADOR RESOURCES COMPANY	16,225	16,225
MEDPACE HOLDINGS, INC	17,262	17,262
META PLATFORMS INC	118,094	118,094
MICROSOFT CORP	271,586	271,586
NATERA INC	30,409	30,409
NETFLIX INC	50,887	50,887
NEUROCRINE BIOSCIENCES, INC	33,308	33,308
NORDSON CP	35,371	35,371
NORFOLK SOUTHERN CORP	25,341	25,341
NVIDIA CORP	299,075	299,075
O'REILLY AUTOMOTIVE INC	32,447	32,447
ORACLE CORP	51,378	51,378
OVINTIV INC	15,601	15,601
PAYLOCITY CORP	28,084	28,084
PERFORMANCE FOOD GROUP COMPANY	42,860	42,860
PERMIAN RESOURCES CORP CLASS A	15,663	15,663
PINNACLE FINANCIAL PARTNERS IN	33,675	33,675
PIPER JAFFRAY COS COM	43,081	43,081
POOL CORP	18,946	18,946
PORTLAND GEN ELEC	19,096	19,096
POWELL INDUSTRIES INC	17,888	17,888
PROCORE TECHNOLOGIES INC	22,921	22,921
PROLOGIS	8,725	8,725
QUAKER CHEMICAL CORP	16,231	16,231
QUANTA SVCS INC	35,918	35,918
RBC BEARINGS INCORPORATED	43,098	43,098
RPM INTERNATIONAL INC	28,558	28,558
S&P GLOBAL INC COM	24,783	24,783
SAILPOINT TECHNOLOGIES	24,575	24,575
SCHNEIDER NATIONAL INC	15,698	15,698
SEAFARER OVERSEAS GROWTH & INC	557,921	557,921
SELECT SECTOR SPDR INDUSTRIAL	1,342,580	1,342,580
SERVICE NOW	29,814	29,814
SIMPSON MANUFACTURING CO INC	18,637	18,637
SITEONE LANDSCAPE SUPPLY INC	25,397	25,397
STIFEL FINANCIAL CP	30,096	30,096
SUN COMMUNITIES INC	24,033	24,033
SYNOPSYS, INC	39,476	39,476
TAKE-TWO INTERACTIVE SOFTWARE	31,813	31,813
TANDEM DIABETES CARE INC	17,708	17,708
TESLA MOTORS INC	27,954	27,954
TEXAS ROADHOUSE, INC	43,104	43,104
TRI POINTE HOMES INC COM	18,851	18,851
UBER	29,390	29,390
UMB FINANCIAL CORPORATION	17,877	17,877
UNITED TRANS WESTN INC
UNITEDHEALTH GROUP INC	10,919	10,919
VANGUARD GROWTH ETF	3,063,538	3,063,538
VANGUARD INFORMATION TECHNOLOG	1,164,720	1,164,720
VANGUARD MID-CAP INDEX FD ADMI	1,255,487	1,255,487
VANGUARD S&P 500 ETF	9,036,788	9,036,788
VANGUARD SMALL CAP INDEX FD AD	1,154,141	1,154,141
VANGUARD VALUE ETF	2,850,639	2,850,639
VERICEL ORD SHS	19,786	19,786
VERTEX PHARMCTLS INC	20,924	20,924
VISA INC	101,544	101,544
VOYA FINANCIAL INC	36,920	36,920
WINTRUST FINANCIAL CORPORATION	32,235	32,235
ZEBRA TECHNOLOGIES CORP	24,977	24,977

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

US Government Securities - End of Year Book Value:

1,576,745

US Government Securities - End of Year Fair Market Value:

1,576,745

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Category/ Item	Book Value	End of Year Fair Market Value
APOLLO REALTY INCOME SOLUTIONS	527,499	527,499
APOLLO US REAL ESTATE FUND II	522,190	522,190
ARTWORK NOT USED IN FD PROGRAM	887,500	887,500
ATLAS MERCHANT CAPITAL FUND LP	217,907	217,907
AVIATION HOLDINGS III LP	70,715	70,715
BLACKSTONE REAL ESTATE INCOME	598,691	598,691
BLUE OWL CUSTOM PRIVATE CR FD	1,393,459	1,393,459
BLUEARC SECURITIZED INV FD (QP	398	398
BLUEARC TECHNOLOGY OPPORTUNITY	998,346	998,346
BOSE OPPORTUNITY FUND (QP) (TE	298,719	298,719
BROOKFIELD STRTGC RE PTNS III-	355,688	355,688
BROOKFIELD STRTGC RE PTNS III-	244,516	244,516
CORRUM CAPITAL AVIATION PARTNE	69,154	69,154
CORRUM CAPITAL AVIATION PARTNE	166,669	166,669
CORRUM CAPITAL REAL ASSETS FUN	602,150	602,150
FOUNDER EQUITY FUND I, LLC	176,468	176,468
GLOUSTON PRIVATE EQ OPPORTUNIT	157,670	157,670
GOLUB CAPITAL PARTNERS INTERNA	898,000	898,000
GOLUB CAPITAL PRIVATE CREDIT F	793,170	793,170
KAYNE ANDERSON ENERGY FUND VII	59,417	59,417
KEPE SELLING FUND II, L.P	15,053	15,053
NZC GUGGENHEIM FUND LIMITED -	4,612	4,612
PANTHEON GLOBAL CO-INVESTMENT	536,174	536,174
PANTHEON SECONDARY OPPORTUNITY	731,504	731,504
PARTNERS GROUP PRIVATE EQUITY	1,663,209	1,663,209
PARTNERS GROUP REAL ESTATE SEC	351,037	351,037
PRIVATE EQUITY MANAGERS (2015)	1,417,957	1,417,957
THE WEATHERLOW OFFSHORE FUND I	1,249,950	1,249,950
TNREF III FEEDER ENTITIES - 12	73,615	73,615
TRUE NORTH REAL ESTATE FUND II	60,700	60,700
VALOR EQUITY PARTNERS IV L.P	1,468,248	1,468,248

- TIN:

TY 2024 LandEtcSchedule2

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Category / Item	Cost / Other Basis	Accumulated Depreciation
FURNITURE	28,895	28,895
LHI WAREHOUSE 2
EQUIPMENT	13,486	13,486

- TIN:

TY 2024 LegalFeesSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	230,924			230,924
INVESTMENT RELATED SERVICES	66,166	66,166

- TIN:

TY 2024 OtherAssetsSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Description	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
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
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

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADMINISTRATIVE FEES	141,786		141,786
Bank Charges	938	938
CELL PHONE EXPENSES	1,236		1,236
Computers/Electronic Devices	631		631
DIGITAL SUBSCRIPTIONS	17,530		17,530
Foundation Dues & Memberships	16,659		16,659
Indemnification Insurance	5,322		5,322
OTHER INSURANCE	36,916		36,916
K-1 Exp APOLLO US REAL ESTATE	12,823	12,788
K-1 EXP ATLAS MERCHANT CAPITAL	4,200	4,200
K-1 Exp AVIATION HOLDINGS III	1,266	1,266
K-1 Exp BLUEARC SECURITIZED IN	2,606	2,606
K-1 Exp BLUEARC TECHNOLOGY OPP	5,071	5,071
K-1 Exp BOSE OPPORTUNITY FUND	16,950	15,445
K-1 Exp BROOKFIELD STRTGC RE P	3,848	3,820
K-1 Exp BROOKFIELD STRTGC RE P	3,453	3,453
K-1 Exp CORRUM CAPITAL AVIATIO	1
K-1 Exp CORRUM CAPITAL AVIATIO	3
K-1 Exp CORRUM CAPITAL REAL AS	80,908	70,065
K-1 Exp KAYNE ANDERSON ENERGY	19,720	948
K-1 Exp KEPE SELLING FUND II,	38	38
K-1 Exp PARTNERS GROUP REAL ES	14,725	13,420
K-1 Exp TRUE NORTH REAL ESTATE	4,684	4,684
K-1 Exp VALOR EQUITY PARTNERS	8,008	7,966
OFFICE SUPPLIES	2,761		2,761
Postage/Delivery Service	19,097		19,097
Registered Agent Fee	150		150
STATE OR LOCAL FILING FEES	1,582		1,582
Website Hosting/Support	451		451
TRANSPORTATION - EXHIBITIONS	107,102		107,102

- TIN:

TY 2024 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	-5,393	2,461
K-1 Inc/Loss ATLAS MERCHANT CAPITAL FUND LP	3,661	3,661
K-1 Inc/Loss AVIATION HOLDINGS III LP	35,738	1,520
K-1 Inc/Loss BLUEARC SECURITIZED INV FD (QP) (TE	6,682	6,682
K-1 Inc/Loss BLUEARC TECHNOLOGY OPPORTUNITY FD (Q	60,315	60,315
K-1 Inc/Loss BOSE OPPORTUNITY FUND (QP) (TE ONSHO	800	732
K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCE	15,661	15,258
K-1 Inc/Loss BROOKFIELD STRTGC RE PTNS III-C ACCE	4,327	4,327
K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS I-B	-776	766
K-1 Inc/Loss CORRUM CAPITAL AVIATION PARTNERS, LP	-443	1,874
K-1 Inc/Loss CORRUM CAPITAL REAL ASSETS FUND LP	103,039	3,843
K-1 Inc/Loss FOUNDER EQUITY FUND I, LLC	6	6
K-1 Inc/Loss KAYNE ANDERSON ENERGY FUND VII, L.P	103,315	1,988
K-1 Inc/Loss KEPE SELLING FUND II, L.P	85,365	83
K-1 Inc/Loss PARTNERS GROUP REAL ESTATE SECONDARY	-2,035	10,386
K-1 Inc/Loss TRUE NORTH REAL ESTATE FUND III, L.P	963	963
K-1 Inc/Loss VALOR EQUITY PARTNERS IV L.P	-338	177
Other Income	2,763	2,763
Interest/dividends from alt investments	381,329	381,329
Book Royalties	306	306	306

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Description	Amount
UNREALIZED APPRECIATION OF INVESTMENTS	3,431,003

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
EMPLOYEE RECRUITING	40,000		40,000
Investment Management Services	583,068	583,068
ART CONSERVATION	2,400		2,400
ART HANDLING	24,388		24,388
CATALOGUE CONSULTING	337,800		337,800
EXHIBITION SERVICES	487,655		487,655
MARKETING SERVICES	48,300		48,300
INFO TECHNOLOGY SERVICES	200		200
ADMIN CONSULTING	500		500
PERFORMANCE SERVICES	5,563		5,563
WEBSITE DEVELOPMENT	1,908		1,908

- TIN:

TY 2024 TaxesSchedule

Name:

Boris Lurie Art Foundation

EIN:

98-0590515

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2025	20,100
990-PF Excise Tax for 2024	477
990-T Extension for 2024	900
990-T Income Tax for 2024	110
Foreign Tax Paid	4,919	4,919