A variety of Lewis acid base pairs consisting of tris(pentafluorophenyl)borane, B(C6F5)(3), in combination with sterically demanding five- and six-membered N-heterocyclic carbenes (NHCs) of the imidazolin-2-ylidene, imidazolidin-2-ylidene, and tetrahydropyrimidin-2-ylidene types were investigated with respect to their potential to act as frustrated Lewis pairs (FLP) by reaction with dihydrogen (H-2) and tetrahydrofuran (THF). A sufficient degree of "frustration" was usually established by introduction of a 1,3-di-tert-butyl or 1,3-diadamantyl carbene substitution pattern, which allows an unquenched acid base reactivity and thus leads to heterolytic dihydrogen activation and ring-opening of THF. In contrast, 1,3-bis(2,6-diisopropylphenyl)-substituted carbenes showed ambiguous behavior, and the corresponding five-membered imidazolin-2-ylidene formed a stable carbene-B(C6F5)(3) adduct, whereas fast C F activation and formation of a zwitterionic pyrimidinium-fluoroborate was observed for the six-membered tetrahydropyrimidin-2-ylidene. A stable adduct was also isolated for the combination of the acyclic carbene bis(diisopropylamino)methylene with B(C6F5)(3), and consequently no reactivity toward H-2 and THF was observed. To rationalize the reactivity of the carbene-borane Lewis pairs, the thermodynamics of adduct formation with B(C6F5)(3) were calculated for 10 different carbenes; the stability (or instability) of these adducts can be used as a good measure of the degree of "frustration".