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        <MethodOfValuation>F</MethodOfValuation>
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        <ReturnReference>Description of Uncertain Tax Positions Under FIN 48:</ReturnReference>
        <Explanation>The Friends recognizes the effect of tax positions only when they are more likely than not of being sustained. Management has determined that the Friends has no uncertain tax positions that would require financial statement recognition or disclosure.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 2</Identifier>
        <Explanation>Helen Stambler Neuberger and Jim Neuberger are husband and wife.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>Friends of the Neuberger Museum of Art has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is electronically sent to board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>The conflict of interest policy is applicable to board members and staff of the organization. Each new employee, existing employee, and board member is required to read and sign the conflict of interest policy when it is updated. The policy is updated on a yearly basis. The organization monitors the conflict of interest policy through the normal course of business.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>The Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code by posting it on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 735 Anderson Hill Road, Purchase, NY, 10577...or by calling the organization directly at (914)251-6100.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, Line 13</Identifier>
        <Explanation>The organization is aware of the need for a whistleblower policy, and is currently in the process of developing one.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>form 990, Part VI, Section B, Line 14</Identifier>
        <Explanation>The organization is aware of the need for a document retention and destruction policy, and is currently in the process of developing one.</Explanation>
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