TY 2019 GeneralExplanationAttachment
Name:
THE ELI AND EDYTHE BROAD FOUNDATION
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Return Reference |
Explanation |
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FORM 990PF, PART VII-B, LINE 1A(3) |
STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIREDPART VII-B, LINE 1A(3)THERE ARE DISQUALIFIED PERSONS WHO FURNISH THE FOUNDATION WITH IN-KIND SERVICES AND USE OF FACILITIES IN ORDER TO GOVERN THE FOUNDATION'S CHARITABLE ACTIVITIES. THE SERVICES AND USE OF THE FACILITY ARE PROVIDED FREE OF CHARGE. THESE ACTIVITIES ARE NOT AN ACT OF SELF-DEALING AS CODIFIED IN IRC SECTION 4941(D)(2)(C). |
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PART VIII, OFFICERS, DIRECTORS, TRUSTEES, AND FOUNDATION MANAGERS |
MS. RILEY'S COMPENSATION IS PART OF THE FEES CHARGED BY FAMILY OFFICE FINANCIAL SERVICES, LLC (FOFS). THE FEES CHARGED BY FOFS ARE BASED ON AN ALLOCATION OF TIME THAT MS. RILEY AND OTHER EMPLOYEES DEVOTE TO THE ELI AND EDYTHE BROAD FOUNDATION. |