2025-08-06T13:39:22-05:00 2024-09-30 920460586 PwC US Tax LLP 655 New York Ave NW Suite 1100 Washington DC 20001 990 2023-10-01 536001666 National Gallery of Art NATI 2027374215 2000 South Club Drive Landover MD 20785 William W McClure Treasurer 2023122760 2025-08-06 1 0 Travis Patton P00369623 2024141000 2023 2025-03-06 01:10:19Z National Gallery of Art Kaywin Feldman 2000 South Club Drive Landover MD 20785 440270229 0 X www.nga.gov X Independent establishment of the US 1937 DC The National Gallery of Art serves the nation by welcoming all people to explore and experience art, creativity, and our shared humanity. 9 9 944 352 4489 0 202223547 211777177 170293 124831 46942292 101644219 1606409 1944144 250942541 315490371 8675593 1638637 0 0 123133033 131410825 0 0 7502518 115766329 110622061 247574955 243671523 3367586 71818848 1676083893 1934331657 152075534 175672577 1524008359 1758659080 X The National Gallery of Art serves the nation by welcoming all people to explore and experience art, creativity, and our shared humanity. 0 0 82175667 87742 28950 COLLECTIONS, CURATORIAL AND ACQUISITIONS OF ARTThe National Gallery's collection is at the heart of the National Gallery's mission, following founder Andrew W. Mellon's gift and mandate to establish a national gallery with works of the highest quality. The collection of paintings, sculpture, and decorative arts traces the development of European achievements from the thirteenth century to the present and American art from colonial times to the present. It comprises a comprehensive study of Italian Renaissance art, including the only painting by Leonardo da Vinci outside Europe, as well as strong holdings of the French Impressionists, the Dutch and Flemish masters, one of the country's most distinguished American collections, and twentieth-century art. The collection also includes prints, drawings, rare books and photographs. Major post-World War II sculpture is installed in a dynamic and richly landscaped setting in the National Gallery Sculpture Garden.Nearly 160,000 paintings, sculpture, prints, drawings, and photographs comprise the National Gallery's collection.AcquisitionsOver the past year our Curatorial and Collections departments brought over 2,000 new artworks, by purchase or gift, to the National Gallery. Select highlights include a large-scale oil painting, "Christ Gathering His Garments after the Flagellation" by the Spanish-American artist Juan Correa (active 1645-d. 1716). The painting is a large and exquisite example of Correa's mature style. Signed and dated, it would have been created as an object of public devotion for a cathedral or church chapel. The National Gallery also acquired an exceedingly rare coral-handled spoon from around 1570, a highly treasured object in 16th-century Europe for its exoticism as a natural material originating in distant lands. Additionally, the National Gallery acquired a landscape painting by the Cherokee artist Kay Walkingstick, who pictured the North Rim of the Grand Canyon overlaid with patterns based on Southwest American Indian rugs and pottery.ConservationThe Conservation Division continued to protect, preserve and steward our collections through 1,431 treatments of works of art and another 2,281 object examinations, on top of 2,650 examinations of objects arriving from other museums and institutions to go on display in special exhibitions. In addition, the Conservation Division is continuously engaged in long-term research projects about the collection. 53648173 1419282 141251 EDUCATION AND PUBLIC PROGRAMSThe National Gallery's public programs provided visitors with unique art-based experiences created in collaboration with artists, musicians, film makers, and community partners. 51,895 guests attended our 91 musical concerts including our popular Jazz in the Garden series. We served 8,514 participants through 71 film screenings showcasing rare, international, and art films across a variety of genres. 42,146 visitors participated in ongoing series of in-person public tours and gallery talks and an additional 12,995 participated in online programs. Our onsite and online multigenerational programs engaged over 15,000 people of all ages in family-oriented activities including artmaking, story time, and online sketchbook club. In FY24, the National Gallery served over 23,000 K-12 students from across the nation in guided tour experiences with specially trained docents and museum educators. Additionally, the National Gallery provided professional development for 6,797 teachers through curated workshops, courses, trainings, and our Massive Open Online Course (MOOC) "Teaching Critical Thinking Through Art with the National Gallery of Art". The affiliate loan program, which broadcasts resources on TV stations, classrooms, and organizations across the United States, reached an annual estimated (reported) viewership/audience of 54,170,637. Approximately 37,337 print resources (including Posters, Art Tales booklets, flyers, and bookmarks) were distributed to educators in all 50 states, the District of Columbia, Armed Forces (AE), and Guam. Additionally, 852 teaching packets and DVDs have been shared with educators, complementing our robust schedule of in-person and virtual tours for K-12 students. The National Gallery Library continued to expand access, acquire significant materials, and enhance research services. This year, 13,000 new images were added, 4,223 books were acquired, and 1,250 electronic resources were added. The Digital Content Strategy and Experience Division continued to grow our digital audiences, delivering engaging content across multiple platforms. Website visits surpassed 15 million, while social media impressions reached 66.9 million. Our original videos engaged viewers nationwide, achieving a record 21.9 million views across all 50 states. The National Gallery also won 5 Webby Awards - more than any museum in a single year of Webby history. The Imaging Department catalogued 14,385 images in the Digital Asset Management System (DAMS) and continued to produce authoritative images, adding 5,992 collection images, representing 3,752 unique collections objects. Over 3,300 object images were created as part of our move to a new collections storage facility. And, for the second consecutive year, our Open Access Imaging program saw nearly half a million image downloads. The Center, founded in 1979, for advanced study in the visual arts, continued to foster the study of the production, use, and cultural meaning of art, artifacts, architecture, urbanism, photography, and film from all places and periods. In fiscal year 2024, the Center organized 43 scholarly programs, supported more than 50 fellows, and spearheaded hundreds of scholarly collaborations with researchers from around the world through its events, publications, and research initiatives. Highlights from the Center's programs included "Women in Art and Music: An Early Modern Global Conference," a collaboration with the Juilliard School with programming in Washington and New York; the 73rd A. W. Mellon Lectures in the Fine Arts "Chasing That Which Is Not Me / Chasing That Which Is Me" by actress and playwright Anna Deavere Smith; the Sydney J. Freedberg Lecture on Italian Art presented by Michael Cole; and the Wyeth Lecture in American Art delivered by Roberto Tejada. During the fiscal year the Center published "Contact: Art and the Pull of Print" by Jennifer L. Roberts with Princeton University Press, as part of the A. W. Mellon Lectures in the Fine Arts series. 26951927 131613 53673 SPECIAL EXHIBITIONSAn integral aspect of the National Gallery's programming is organizing and presenting special exhibitions of major works of art lent from public and private collections around the world, highlighting the breadth of artistic achievement in all forms. Through collaborative relationships with other nations and museums, special exhibitions bring together great works of art and contribute to scholarship in the field.During the fiscal year, 259 lenders from 17 countries and 41 states loaned 806 works of art to 9 exhibitions (7 special loan exhibitions and 2 in-house exhibitions). The National Gallery also worked on another 13 projects scheduled to open in the next five years and administered the tour of 4 exhibitions. "Dorothea Lange: Seeing People" - During her long, prolific, and groundbreaking career, the American photographer Dorothea Lange made some of the most iconic portraits of the 20th century. Featuring some 100 photographs, the exhibition addresses her innovative approaches to picturing people, emphasizing her work on social issues."Mark Rothko: Paintings on Paper" - Joy, despair, ecstasy, tragedy: these are some of the themes that Mark Rothko sought to express in his luminous art. Rothko is renowned for his towering abstract paintings on canvas, but few people know that he also created nearly 1,000 paintings on paper over the course of his career. This exhibition brings together more than 100 of Rothko's most compelling paintings on paper, many on view for the first time. Together, these radiant, rarely displayed paintings transform our understanding of one of the preeminent artists of the 20th century."Woven Histories: Textiles and Modern Abstraction" - The exhibit challenges the hierarchies that often separate textiles from fine arts. Putting into dialogue some 160 works by more than 50 creators from across generations and continents, the exhibition explores the contributions of weaving and related techniques to abstraction, modernism's preeminent art form. "Paris 1874: The Impressionist Moment" - Honoring the 150th anniversary of the first impressionist exhibition, the exhibit brings together some 130 paintings, works on paper, prints, sculptures, and photographs to take a fresh look at its importance and explore the various ways that artists responded to a city recovering from the violence of war and enormous political and social upheaval. The selected works include beloved paintings by Paul Cezanne, Claude Monet, Berthe Morisot, and Camille Pissarro and their lesser-known contemporaries. The exhibition reveals the art norms they were rebelling against and the political and social shifts sparked their new approach to art."Spirit & Strength: Modern Art from Haiti" - Art flourished in Haiti, the world's first Black republic, in the mid-1900s. Painters like Hector Hyppolite, Rigaud Benoit, and Philome Obin were known around the world for their images of Haitian daily life, religious traditions, and history. All Other Special Exhibitions: "Etched by Light: Photogravures from the Collection, 1840-1940" "American Places: Featuring Selections from the Corcoran Collection" "Conversations: Kerry James Marshall and John Singleton Copley" "The Anxious Eye: German Expressionism and Its Legacy" "Robert Longo Drawings: Engines of State" "Gordon Parks: Camera Portraits from the Corcoran Collection" 8431629 0 0 EDITORIAL AND PHOTOGRAPHY 8431629 0 0 171207396 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 330 0 1 944 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 2027374215 2000 South Club Drive Landover MD 20785 Darren Walker President of the Board 1.00 X 0 0 0 David M Rubenstein Chairman of the Board 1.00 X 0 0 0 Laura Arrillaga-Andreessen Trustee 1.00 X 0 0 0 Indra Nooyi Trustee 1.00 X 0 0 0 Mitchell P Rales Trustee 1.00 X 0 0 0 Chief Justice of the US Ex-officio Trustee 0.00 X 0 0 0 Secretary of State Ex-officio Trustee 0.00 X 0 0 0 Sec'y of the US Treasury Ex-Officio Trustee 0.00 X 0 0 0 Sec'y of the Smithsonian Ex-Officio Trustee 0.00 X 0 0 0 Kaywin Feldman Director 40.00 X 1105640 0 454093 William W McClure Treasurer 40.00 X 617136 0 194734 Steven Nelson Dean, CASVA 40.00 X 510161 0 145683 Kate Haw-Collections Exhibitions & Programs Off 40.00 X 455960 0 129537 Eric Motley - Deputy Director 40.00 X 580105 0 171109 E Carmen Ramos-Curatorial Conservation Officer 40.00 X 391979 0 131997 Luis Baquedano Secretary General Counsel 40.00 X 476338 0 162147 Laura Lott COO (effective 7/2/23) 40.00 X 202851 0 59689 Sheila McDaniel Administrator (through 7/1/23) 40.00 X 266980 0 53480 Robert Stein CIO 40.00 X 243198 0 69945 Susan B Wertheim-Deputy Admin Capital Projects/Chief Architect 40.00 X 248683 0 76745 Alan Dirican Chief of Facilities Manage 40.00 X 233058 0 70456 Genia Reaves - Chief of Protection Services 40.00 X 200641 0 41726 Franklin W Kelly Senior Curator 40.00 X 278371 0 89504 Nicholas Sharp Chief Digital Officer 40.00 X 270358 0 75194 Christine Kelleher Chief of Investments 40.00 X 277686 0 62048 Michele Nichols Chief of Staff 40.00 X 265447 0 65733 Elizabeth Pochter-Admin for Policy & Prgms (through 10/31/23) 40.00 X 270398 0 66952 6894990 0 2120772 373 0 1 0 Grunley Construction Co 15020 Shady Grove Rd Ste 500 Rockville MD 20850 Construction 10798880 The Whiting-Turner Contracting Co 300 East Joppa Road Baltimore MD 21286 Construction 8614786 Centerra Group LLC 13530 Dulles Technology Dr Ste 50 Herndon VA 20171 Security 7035253 Freestate Electrical Service Co 13335 Mid Atlantic Blvd Laurel MD 20708 Construction 3563848 Belcan Gov't Soln Inc 21345 Ridgetop Circle Ste 300 Sterling VA 20166 IT Helpdesk 1854491 83 191186765 20590412 1353031 211777177 Exhib loan fees/reimbs 900099 53673 53673 Educational services 611710 42208 42208 Art insurance reimb 900099 28950 28950 124831 5109587 -107068 5216655 1707915 1707915 220582629 124047997 96534632 96534632 111557 96423075 830904 731861 99043 99043 Workers comp refund 900099 115207 115207 Vending machine 900099 9983 9983 Honorariums 900099 9158 9158 2838 2838 137186 315490371 223874 4489 103484831 X 438709 438709 1097928 1097928 102000 102000 7520926 4462401 2085170 973355 91871389 68082622 20668356 3120411 18199059 13381422 4198063 619574 7292736 5528632 1589099 175005 6526715 4866303 1443740 216672 318324 318324 337152 337152 10333254 10333254 26250589 21308338 3914931 1027320 377095 377095 6098315 5008753 883863 205699 20579424 10289712 9672329 617383 15204853 9159266 5888082 157505 1220975 1064108 88564 68303 400247 378077 14773 7397 16935 11374 5227 334 16572768 13969879 2414582 188307 1651664 1380284 236362 35018 Art acquisitions 7956943 7956943 Equipment purchases 1157620 868554 275018 14048 Library books/photos 1035811 1035811 Income tax provision 14953 14953 1095139 439185 579767 76187 243671523 171207396 64961609 7502518 105457514 96453194 6828581 11096656 4697228 278645 1341110 1109909 694654372 301319650 388962223 393334722 249862853 319251305 883885909 1045659524 35048475 67147702 1676083893 1934331657 46017297 43212687 106058237 132459890 152075534 175672577 X 701432025 792505731 822576334 966153349 1524008359 1758659080 1676083893 1934331657 X 71818848 165473511 -2641638 X 0 1 X 1 0 X 198485212 206574373 196994613 202223547 211777177 1016054922 198485212 206574373 196994613 202223547 211777177 1016054922 1016054922 3974087 8850405 8001852 8027033 6924570 35777947 2181661 449407 230632 2861700 121048 937251 387663 55569 137186 1638717 1056333286 7271524 0.96190 0.95220 X Schedule A, Part II, Line 10, Explanation for Other income: Sources of other income include the following: Income tax benefit, postage collected, cellular site rental income, space rental fee, honorariums, workers compensation insurance refund and vending machine income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 721141868 2693137 155671317 896638 22959043 3272292 852378349 649364304 5459966 96018257 949028 25662991 3088640 721141868 859386992 7033038 -190101455 852986 23269293 2831992 649364304 690959160 13660036 175820296 747778 17701816 2602906 859386992 631381383 9485840 70842958 649953 17528433 2572635 690959160 0.10410 0.89590 0 0 606318334 260686751 345631583 63743290 40632899 23110391 24592748 24592748 393334722 Loan to the US Treasury 5000000 F Public equity and income 726695864 F Hedge funds 245742675 F Multi-asset class 5975055 F Private equity 53599222 F Venture capital 8646708 F 1045659524 Environmental liability 35594903 Unexpended federal multi-year appropriations 42033865 Annuities payable 3764105 Amounts due to exhibitions partners 557920 Operating lease liabilities 47277491 Due to GWU 3231606 132459890 X 473361105 165473511 1998616 167472127 305888978 10333254 -731861 9601393 315490371 238710384 5372115 5372115 233338269 10333254 10333254 243671523 Part III, Line 1a: The National Gallery's art collections focus upon European and American paintings, sculpture, decorative arts, works on paper, and photographs. The collections are maintained for public exhibition, education, and research in furtherance of public service rather than for financial gain. The National Gallery acquires its art collections through purchase or by donations-in-kind. Only current year purchases made from specifically designated funds, not donations-in-kind, are reflected in the statement of activities. In conformity with accounting policies generally followed by art museums, the value of art has been excluded from the statement of financial position. The National Gallery does not deaccession any of its permanent collections. Part III, Line 4: The National Gallery's collection of over 161,000 works of art includes paintings, sculpture, and decorative arts tracing the development of European achievements from the 13th century through the present, and American art from colonial times to the present. The collection also includes prints, drawings, rare books, and photographs. Major post-World War II sculpture is installed in a dynamic and richly landscaped setting in the National Gallery Sculpture Garden. The collection furthers the National Gallery's tax-exempt purpose as the nation's premier art museum, as stated in the 1937 Joint Resolution of Congress which established the Gallery, "...so that the National Gallery of Art shall be at all times properly maintained, and the works of art contained therein shall be exhibited regularly to the general public free of charge." The works of art are normally on view 363 days a year to the general public; curators, conservators, and scholars study and publish articles, catalogues, and books on the works of art in the collection to further scholarship in the field; conservators examine, clean, and conduct scientific research on the works of art to preserve them for future generations; and works of art in the collection are lent to other art museums throughout the world. Part V, Line 4: The National Gallery's endowment consists of 129 individual funds, including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. The endowment funds were established for a variety of purposes including the following: acquisitions of works of art, curatorial, conservation, special exhibitions, educational, editorial, and general operating purposes. Part X, Line 2: The National Gallery is a nonprofit organization exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. As a 501(c)(3) organization, the National Gallery is taxed only on income unrelated to its tax-exempt purpose, primarily certain investment earnings. In accordance with the guidance on accounting for uncertainty in income taxes, the National Gallery regularly evaluates its operations and tax positions and is not aware of any uncertain tax positions requiring financial statement adjustment or disclosure. Part XI, Line 2d - Other Adjustments: Change in value of split-interest agreements 1,998,616. Part XI, Line 4b - Other Adjustments: Catalogue cost of goods sold -731,861. Part XII, Line 2d - Other Adjustments: Catalogue cost of goods sold 731,861. Environmental liability change in value 4,640,254. 1 Europe (Including Iceland & Greenland)-Albania, Andorra, Austria, Belgium 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 35000 North America 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 3500 East Asia and the Pacific 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 63500 Central America and the Caribbean 0 0 Investments - market value 371985736 0 0 0 0 0 0 372087736 0 372087736 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 3 35000 Check 8640 Housing Fair market value Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. North America 1 3500 Check Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. East Asia and the Pacific 3 63500 Check 1920 Housing Fair market value 1 0 1 1 1 0 1 The George Washington University 2000 Pennsylvania Ave NW 305 Washington DC 20006 530196584 501(c)(3) 438709 0 Support the creative interdisciplinary innovation in the arts and design 1 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. 69 1097928 186800 Fair market value Housing Part I, Line 2: Schedule I Part II Grants and Other Assistance to Entities in the U.S. The grant to The George Washington University (GWU) is for programming costs to support the creative interdisciplinary innovation in the arts and design field. The National Gallery collaborates closely with GWU on all programming. Schedule I Part III Grants and Other Assistance to Individuals In the U.S. The National Gallery's Center for Advanced Study in the Visual Arts grants full-time research fellowships to applicants based upon submittal of proposals for the fellowship positions. The proposals are reviewed by a rotating selection committee of the Center's Board of Advisors which is comprised of seven historians of art or related disciplines. The committee's appointment recommendations are forwarded to the Board of Trustees of the National Gallery of Art for final nomination. The fellowship recipients agree to inform the Dean of the Center of any significant changes in the focus or subject of the research project, in which case the recipient may be required to submit a revised research proposal for approval. The fellows in residence convene weekly to discuss their research as a group under the direction of the Dean and the two Associate Deans of the Center. These fellows also present their research during their term before a scholarly audience including other fellows and staff of the Center, members of the Gallery's curatorial and conservation staff, and faculty members and fellows of local research institutions and museums, all of whom provide comment and criticism on the presentation. Fellows not in residence are required to submit periodic written reports to the Center on the status of their research. These interim reports are presented at the annual meetings of the Center's Board of Advisors and are kept in the fellows' permanent files. Upon conclusion of the fellowship, each fellow is required to submit a written summary of the independent research accomplished while at the National Gallery. This written summary is published in the Center's annual report and is publicly available via the National Gallery's website. Reconciliation of Grants to Part IX Line 2: The National Gallery provided housing to certain fellows during the fiscal year. As the housing is provided at no cost to the fellows, there is no rental income or related expense recorded on the National Gallery's books of record. Therefore, only the cash grants reported on Schedule I are reflected on Part IX line 2, Grants and other assitance to individuals in the US. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Kaywin Feldman Director 1037523 0 50000 0 18117 0 433912 0 20181 0 1559733 0 0 0 William W McClure Treasurer 602963 0 0 0 14173 0 166116 0 28618 0 811870 0 0 0 Eric Motley - Deputy Director 567504 0 0 0 12601 0 147029 0 24080 0 751214 0 0 0 Steven Nelson Dean, CASVA 502524 0 0 0 7637 0 132368 0 13315 0 655844 0 0 0 Luis Baquedano Secretary General Counsel 462461 0 0 0 13877 0 133157 0 28990 0 638485 0 0 0 Kate Haw-Collections Exhibitions & Programs Off 447492 0 0 0 8468 0 119733 0 9804 0 585497 0 0 0 E Carmen Ramos-Curatorial Conservation Officer 379011 0 0 0 12968 0 112645 0 19352 0 523976 0 0 0 Franklin W Kelly Senior Curator 269971 0 8400 0 0 0 65298 0 24206 0 367875 0 0 0 Nicholas Sharp Chief Digital Officer 260358 0 10000 0 0 0 57132 0 18062 0 345552 0 0 0 Christine Kelleher Chief of Investments 267686 0 10000 0 0 0 58427 0 3621 0 339734 0 0 0 Elizabeth Pochter-Admin for Policy & Prgms (through 10/31/23) 171175 0 0 0 99223 0 42664 0 24288 0 337350 0 0 0 Michele Nichols Chief of Staff 255447 0 10000 0 0 0 55455 0 10278 0 331180 0 0 0 Susan B Wertheim-Deputy Admin Capital Projects/Chief Architect 239785 0 8898 0 0 0 49334 0 27411 0 325428 0 0 0 Sheila McDaniel Administrator (through 7/1/23) 208843 0 0 0 58137 0 45891 0 7589 0 320460 0 0 0 Robert Stein CIO 227549 0 15649 0 0 0 50427 0 19518 0 313143 0 0 0 Alan Dirican Chief of Facilities Manage 223058 0 10000 0 0 0 45498 0 24958 0 303514 0 0 0 Laura Lott COO (effective 7/2/23) 200479 0 0 0 2372 0 54914 0 4775 0 262540 0 0 0 Genia Reaves - Chief of Protection Services 191472 0 9169 0 0 0 41321 0 405 0 242367 0 0 0 Part I, Line 1a During calendar year 2023 the National Gallery's Director traveled first class on one occassion for bona-fide business purposes in accordance with the National Gallery's travel policy. The National Gallery maintains an accountable plan for travel reimbursements that meets IRS requirements; therefore no portion of the benefits was treated as taxable compensation to the Director. Part I, Line 4b Line 4b The National Gallery had in place a supplemental executive retirement plan benefit for the Director, Kaywin Feldman. The plan vested on April 1, 2024 after five years of employment. In accordance with the terms of the plan agreement the benefit was paid and included in the Director's reportable compensation for tax year 2024. The National Gallery put in place a new supplemental executive retirement plan benefit for the Director, Kaywin Feldman. The plan vests on April 1, 2029 in the form of a lump sum payment, provided that all of the terms and conditions of the agreement are met, including that the Director is employed by the National Gallery as of the vesting date, or in the event that the National Gallery terminates her employment prior to such vesting, under certain circumstances, a pro-rated benefit will be paid. Schedule J, Part II, Column B(iii) Included in other reportable compensation are payouts of accrued annual leave for the following individuals: Elizabeth Pochter $99,223 Sheila McDaniel $46,790 X 1808 See part II X 42 1353031 See part II 25 0 1 0 Part I, Column (b): Line 1: The number of works of art consists of the number of objects gifted and acccessioned in FY 2024. Line 9: The number of gifts of securities consists of the number of gifts of individual stocks rather than the number of donors or number of shares of stock. Schedule M, Part I, Column (d) line 1 and line 33 In accordance with practices generally followed by art museums, art objects donated to the Gallery are not valued and therefore not included in revenue. Schedule M, Part I, Column (d) line 9 Gifts of publicly traded securities are valued by averaging the high and low value as reflected on the appropriate exchange on the day of the donation. Form 990, Part VI, Section B, line 11b Copies of the National Gallery's 990 are presented to the members of the Audit Committee of the Board of Trustees for discussion and review. The Audit Committee consists of three General Trustees. The Audit Committee submits a copy of the 990 to the Board of Trustees which approves the 990 before the return is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The National Gallery regularly and consistently monitors and enforces compliance with its conflict of interest policy by requiring its executive officers, senior level employees, and other employees whose positions have been designated as including significant control or influence over the award of contracts, purchases of goods or services, investments or any other expenditures or commitments made by the National Gallery to review, complete, and sign an annual Ethics Declaration. The Ethics Declaration states that the officer or employee submitting the Declaration understands and has complied with the National Gallery's conflict of interest policy, will continue to comply with that policy, and will consult with the National Gallery's Ethics Officer if compliance questions arise. The Declaration further requires all declarants to disclose any economic interest or employment relationship that the declarant and his or her family members might have in any business or with any individual that is doing or negotiating to do business with the National Gallery. Executive officers and senior level employees further are required to disclose service on the boards of other organizations. Violation of a rule or restriction contained within the National Gallery's conflict of interest policy may constitute a crime under Federal laws and may also result in disciplinary action in addition to or in lieu of any penalty prescribed by law. Trustees, similarly, are required annually to review, complete, and sign the National Gallery's Ethical Guidelines for General Trustees, which addresses conflicts of interest of Trustees and/or members of their family. Form 990, Part VI, Section B, line 15 The goal of the National Gallery's executive compensation process is to attract and retain talented executive leadership through competitive compensation that is comparable to other museum organizations that are similar in scope and activities. The performance of the officers is reviewed annually and compensation is set by the Board of Trustees and documented contemporaneously. The National Gallery's Governance and Compensation Committee of the Board of Trustees retains an outside consultant every three years to survey the compensation of officers of other art museums and similar sized non-profits to evaluate the reasonableness of the officer's compensation. Form 990, Part VI, Section C, line 19 The National Gallery's financial statements are made available to the public on the its website at www.nga.gov. The National Gallery's governing documents and conflict of interest policy are provided to the public upon request. Form 990, Part IX, line 11g Security contractor: Program service expenses 6,380,490. Management and general expenses 880,067. Fundraising expenses 73,339. Total expenses 7,333,896. Catering: Program service expenses 387,873. Management and general expenses 378,941. Fundraising expenses 302,206. Total expenses 1,069,020. Repairs and maintenance: Program service expenses 3,371,053. Management and general expenses 464,973. Fundraising expenses 38,748. Total expenses 3,874,774. Other services: Program service expenses 9,726,234. Management and general expenses 1,991,959. Fundraising expenses 596,445. Total expenses 12,314,638. Architects: Program service expenses 1,442,688. Management and general expenses 198,991. Fundraising expenses 16,582. Total expenses 1,658,261. Form 990, Part XI, line 9: Change in value of split-interest agreements 1,998,616. Environmental liability change in value -4,640,254. The Robert and Jane Meyerhoff Modern Art Foundation Inc 1025 Cranbrook Road Cockeysville MD 20130 522178882 Use of artwork to promote the public's appreciation of modern art MD 501(c)(3) Line 12c, III-FI National Gallery of Art 1 The Foundation for the Epstein Family Munch Collection 21 Dupont Circle NW Room 410 Washington DC 20036 311625097 Support of the National Gallery of Art DC 501(c)(3) Line 12c, III-FI N/A 0 FC Strategic Holdings Ltd Ogler Global Ltd 89 Nexus Way Camana Bay CJ KY1-9009 Investments CJ N/A C 11557527 93905635 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 FC Strategic Holdings Ltd S 4294224 Cash