﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-02-15T10:24:07-06:00</Timestamp>
    <TaxPeriodEndDate>2010-03-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>HECHT AND COMPANY PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>622 THIRD AVENUE</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10017</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-04-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>133453405</EIN>
      <Name>
        <BusinessNameLine1>THE AMERICAN FUND FOR THE TATE GALLERY</BusinessNameLine1>
      </Name>
      <NameControl>AMER</NameControl>
      <Phone>2125475658</Phone>
      <USAddress>
        <AddressLine1>McDERMOTT WILL EMERY 340 MADISON</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>101731922</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>HENRY CHRISTENSEN 111</Name>
      <Title>TRUSTEE</Title>
      <DateSigned>2011-02-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>STEVEN STERN</Name>
      <Phone>2128198000</Phone>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO">
      <NameOfPrincipalOfficerPerson>HENRY CHRISTENSEN III</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>340 MADISON AVENUE</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10173</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>24642775</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>N/A</WebSite>
      <ActivityOrMissionDescription>TO PROVIDE SUPPORT FOR THE TATE GALLERY IN LONDON ENGLAND.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>7</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>7</NbrIndependentVotingMembers>
      <TotalNbrEmployees>4</TotalNbrEmployees>
      <TotalGrossUBI>621</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>-12969</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>6142878</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>3239560</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>0</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>-856502</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>-1802166</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-108433</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>-350092</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>5177943</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>1087302</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>240000</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>352918</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>419186</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>254938</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>216243</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>847856</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>635429</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>4330087</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>451873</RevenuesLessExpensesCY>
      <TotalAssetsBOY>57624552</TotalAssetsBOY>
      <TotalAssetsEOY>58075804</TotalAssetsEOY>
      <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>57624552</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>58075804</NetAssetsOrFundBalancesEOY>
      <MissionDescription>TO PROVIDE SUPPORT FOR THE TATE GALLERY IN LONDON ENGLAND.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>0</Expense>
      <Grants>0</Grants>
      <Revenue>0</Revenue>
      <Description>The American Fund for the Tate Gallery remained supportive of Tate by acquiring works of art by acquisition or gift to lend to Tate. In addition it continues to manage an endowment fund for the long term benefit of Tate's collection of art from North and South America.</Description>
      <TotalProgramServiceExpense>0</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">true</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">false</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="IRS990ScheduleD">true</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="IRS990ScheduleL">false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="IRS990ScheduleL">false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="IRS990ScheduleL">true</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="IRS990ScheduleL">true</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="IRS990ScheduleM">true</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt referenceDocumentId="IRS990ScheduleM">true</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>false</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>4</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>true</UnrelatedBusinessIncome>
      <Form990-TFiled>true</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <NbrVotingGoverningBodyMembers>7</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>7</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>true</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>MCDERMOTT WILL EMERY</NamePerson>
        <TelephoneNumber>2125475658</TelephoneNumber>
        <AddressUS>
          <AddressLine1>340 MADISON AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>101731922</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>JAMES CHANOS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEANNE DONOVAN FISHER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HENRY CHRISTENSEN III</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>126160</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>63080</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SANDRA MORTON NILES</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LADY LYNN FORESTER DE ROTHSCHILD</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FRANCES BOWES</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ELLA FONTANALS CISNEROS</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RICHARD HAMILTON</NamePerson>
        <Title>EXECUTIVE DIRECTOR</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>186144</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>312304</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>63080</TotalOtherCompensation>
      <NumberIndividualsGT100K>2</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>3239560</AllOtherContributions>
      <NoncashContributions>2695122</NoncashContributions>
      <TotalContributions>3239560</TotalContributions>
      <TotalProgramServiceRevenue>0</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>155061</TotalRevenueColumn>
        <ExclusionAmount>155061</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <GrossAmountSalesAssets>
        <Securities>21598246</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>23555473</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-1957227</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-1957227</TotalRevenueColumn>
        <ExclusionAmount>-1957227</ExclusionAmount>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>PTNRSHIP INCOME</Description>
        <BusinessCode>525990</BusinessCode>
        <TotalRevenueColumn>-350092</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>621</UnrelatedBusinessRevenue>
        <ExclusionAmount>-350713</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>-350092</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>1087302</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>621</UnrelatedBusinessRevenue>
        <ExclusionAmount>-2152879</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
        <ProgramServices>0</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>249224</Total>
        <ManagementAndGeneral>249224</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>106650</Total>
        <ManagementAndGeneral>106650</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>20451</Total>
        <ManagementAndGeneral>20451</ManagementAndGeneral>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>23238</Total>
        <ManagementAndGeneral>23238</ManagementAndGeneral>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>19623</Total>
        <ManagementAndGeneral>19623</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>31532</Total>
        <ManagementAndGeneral>31532</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>18528</Total>
        <ManagementAndGeneral>18528</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>61130</Total>
        <ManagementAndGeneral>61130</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>0</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>50</Total>
        <ManagementAndGeneral>50</ManagementAndGeneral>
      </Advertising>
      <OfficeExpenses>
        <Total>2624</Total>
        <ManagementAndGeneral>2624</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>0</Total>
      </Occupancy>
      <Travel>
        <Total>10398</Total>
        <ManagementAndGeneral>10398</ManagementAndGeneral>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>35355</Total>
        <ManagementAndGeneral>35355</ManagementAndGeneral>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>50185</Total>
        <ManagementAndGeneral>50185</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>0</Total>
      </Insurance>
      <OtherExpenses>
        <Description>FOREIGN TAX WITHHELD</Description>
        <Total>3520</Total>
        <ManagementAndGeneral>3520</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PAYROLL PROCESSING FEES</Description>
        <Total>1396</Total>
        <ManagementAndGeneral>1396</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FILING FEES</Description>
        <Total>1525</Total>
        <ManagementAndGeneral>1525</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>635429</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>635429</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>85413</BOY>
        <EOY>-14348</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>564916</BOY>
        <EOY>699359</EOY>
      </SavingsAndTempCashInvestments>
      <LandBuildingsEquipmentBasis>1977801</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>73869</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1567754</BOY>
        <EOY>1903932</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>15424340</BOY>
        <EOY>14661115</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>6108456</BOY>
        <EOY>3573073</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>33873673</BOY>
        <EOY>37252673</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>57624552</BOY>
        <EOY>58075804</EOY>
      </TotalAssets>
      <TotalLiabilities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>57624552</BOY>
        <EOY>58075804</EOY>
      </CapStckTrstPrinCurrentFunds>
      <PaidInCapSrplsLandBldgEqpFund>
        <EOY>0</EOY>
      </PaidInCapSrplsLandBldgEqpFund>
      <RetainedEarningsEndowmentEtc>
        <EOY>0</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>57624552</BOY>
        <EOY>58075804</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>57624552</BOY>
        <EOY>58075804</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>false</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>13520615</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>10430886</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>8064434</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>6142878</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>3265261</CurrentTaxYear>
        <Total>41424074</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>13520615</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>10430886</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>8064434</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>6142878</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>3265261</CurrentTaxYear>
        <Total>41424074</Total>
      </Total170>
      <AmountsSubstContributorsTotal>23668883</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>17755191</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>335169</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>513733</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>544046</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>369832</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>152717</CurrentTaxYear>
        <Total>1915497</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>280624</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>288192</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1208305</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>-108577</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>-350713</CurrentTaxYear>
        <Total>1317831</Total>
      </OtherIncome170>
      <TotalSupport>44657402</TotalSupport>
      <PublicSupportPertcentage170>0.39759</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.41620</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts>
        <RevenuesIncluded>2695122</RevenuesIncluded>
        <AssetsInPartX>37252673</AssetsInPartX>
      </ArtPublicExhibitionAmts>
      <HeldWorksOfArtAmts />
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <CollectUsedForLoanOrExchPrgrms>X</CollectUsedForLoanOrExchPrgrms>
      <CollectionUsedForOther>
        <CollectionUsedForOtherPurposes>X</CollectionUsedForOtherPurposes>
        <DescriptionOfOtherPurposes>DONATION TO MUSEUMS</DescriptionOfOtherPurposes>
      </CollectionUsedForOther>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <Land>
        <OtherCostOrOtherBasis>288108</OtherCostOrOtherBasis>
        <BookValue>288108</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>1152432</OtherCostOrOtherBasis>
        <Depreciation>51712</Depreciation>
        <BookValue>1100720</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>415191</OtherCostOrOtherBasis>
        <Depreciation>9610</Depreciation>
        <BookValue>405581</BookValue>
      </LeaseholdImprovements>
      <Equipment />
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>122070</OtherCostOrOtherBasis>
        <Depreciation>12547</Depreciation>
        <BookValue>109523</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>1903932</TotalOfBookValueLandBuildings>
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>INVESTMENT IN SIRE PARTNERS LP</Description>
        <BookValue>3573073</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>3573073</TotalOfBookValueSecurities>
      <OtherAssets>
        <Description>WORKS OF ART</Description>
        <BookValue>37252673</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>37252673</TotalBookValueOtherAssets>
      <TotalRevenue>1087302</TotalRevenue>
      <TotalExpenses>635429</TotalExpenses>
      <ExcessOrDeficitForYear>451873</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>451873</ExcessOrDeficitPerFS>
      <Form990ScheduleDPartXIV>
        <Identifier>ART COLLECTION</Identifier>
        <Explanation>THE ORGANIZATION HAS A COLLECTION OF OVER 200 WORKS OF ART CONSISTING OF PAINTINGS, DRAWINGS AND PRINTS CREATED BY CONTEMPORARY ARTISTS. WORKS OF ART WITHIN THE COLLECTION WERE ACQUIRED BY EITHER DONATION FROM INDIVIDUALS OR THROUGH PURCHASE FROM ART GALLERIES. SEE STATEMENT 2 WHICH DESCRIBES THE ORGANIZATION'S EXEMPT PURPOSE MISSION.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>HENRY CHRISTENSEN III</NamePerson>
        <BaseCompensationFilingOrg>63080</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>63080</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>126160</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RICHARD HAMILTON</NamePerson>
        <BaseCompensationFilingOrg>169332</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>16812</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>186144</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>199522</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>HENRY CHRISTENSEN III</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>31532</AmountOfTransaction>
        <DescriptionOfTransaction>LEGAL SERVICES RENDERED</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>HENRY CHRISTENSEN III</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>63080</AmountOfTransaction>
        <DescriptionOfTransaction>TRUSTEE FEES PAID</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>5</NumberOfContributions>
        <NoncashContribsRptdF990>2687000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FROM 8283 APPRAISAL</MethodOfDeterminingRevenues>
      </WorksOfArt>
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>8122</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <NumberOf8283Received>2</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>GOVERNANCE</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 10</ReturnReference>
        <Explanation>COPIES OF FORM 990 ARE E-MAILED TO ALL TRUSTEES FOR THEIR REVIEW AND COMMENTS BEFORE THE FORM 990 IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNANCE</Identifier>
        <ReturnReference>FORM 990 PART VI SECTION C LINE 19</ReturnReference>
        <Explanation>COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE E-MAILED TO ANYONE WHO REQUESTS SAME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RECONCILIATIONS</Identifier>
        <ReturnReference>SCHEDULE D PART XI PART XII &amp; PART XIII</ReturnReference>
        <Explanation>THE ORGANIZATION'S FINANCIAL STATEMENTS FOR FISCAL YEAR 2008 (YEAR ENDED MARCH 31, 2010) ARE IN PROCESS OF BEING AUDITED AND, THEREFORE, ARE NOT AVAILABLE IN ORDER TO COMPLETE THESE PARTS OF THE FORM 990 SCHEDULE D AT THIS TIME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>BUSINESS TRANSACTIONS WITH INTERESTED PARTIES</Identifier>
        <ReturnReference>SCHEDULE L PART IV</ReturnReference>
        <Explanation>LEGAL FEES ARE PAID ON A DISCOUNTED BASIS TO MCDERMOTT, WILL &amp; EMERY LLP, A LAW FIRM IN WHICH HENRY CHRISTENSEN III IS A PARTNER AND WHO SERVES AS COUNSEL TO THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>