2025-11-06T12:54:50-06:00 2024-12-31 SUTTON PLACE LIMITED 5390 KIETZKE LANE RENO NV 89511 990 2024-01-01 133321549 AMERICAN FRIENDS OF THE NATIONAL GALLERY LONDON INC % SUTTON PLACE LIMITED AMER 9735099509 572 VALLEY ROAD Suite 43019 MONTCLAIR NJ 07043 WILLIAM B BEEKMAN TREASURER 2128124362 2024-11-02 true true KELSEY L CASTANEDA P02307125 7754124300 2024 2025-03-06 01:10:19Z X JOHN BOOTH 572 VALLEY ROAD UNIT 43019 MONTCLAIR NJ 07043 46512322 false X WWW.AFNGL.ORG X 1985 DE SEE SCHEDULE O 11 10 0 0 0 5116420 2588857 0 0 2894379 15287216 0 0 8010799 17876073 34084644 10437884 0 0 0 0 0 0 0 359595 286181 34444239 10724065 -26433440 7152008 287376888 323447901 20070435 12134911 267306453 311312990 X SEE SCHEDULE O false false 7192588 7192588 THIS GRANT WAS MADE TO SUPPORT THE NATIONAL GALLERY'S NG200 PROJECT - CELEBRATING 200 YEARS OF THE NATIONAL GALLERY. THIS GRANT WAS FUNDED BY CONTRIBUTIONS RECEIVED FROM THE DEBORAH LOEB BRICE FOUNDATION, DAVID AND MOLLY LOWELL BORTHWICK, GEORGIA AND DAVID WINTER, DIANE APOSTOLOS-CAPPADONA, MONICA IRANI, AND THE SAMUEL H. KRESS FOUNDATION. 1692465 1692465 THIS GRANT WAS MADE TO SUPPORT IMPROVEMENTS TO THE SAINSBURY WING LECTURE THEATRE. THIS GRANT WAS FUNDED BY CONTRIBUTIONS RECEIVED FROM THE PACCAR FOUNDATION. 308105 308105 THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "THE VIRGIN AND CHILD WITH SAINTS LOUIS, MARGARET AND TWO ANGELS". 1244726 1244726 Other Program Services 1244726 1244726 10437884 true true false false false false false false false false false true false false false true true false false true true true false false false false false false false false false false false false false false false true false false false false false false false false false true 0 0 0 false true UK false false false true true false false false false false false X 11 10 false true false false false false false true true false false true true true true true true false false false NJ NY X SUTTON PLACE LIMITED 7754124300 5390 KIETZKE LN SUITE 202 RENO NV 89511 X JOHN BOOTH CHAIR AND PRESIDENT 1.0 0.0 X X 0 0 0 WILLIAM B BEEKMAN DIRECTOR AND TREASURER 1.0 0.0 X X 0 0 0 LAUREN A MESERVE DIRECTOR AND SECRETARY 1.0 0.0 X X 0 0 0 JULIA BRODY DIRECTOR 1.0 0.0 X 0 0 0 KENNETH S DAVIDSON DIRECTOR 1.0 0.0 X 0 0 0 MARK GETTY DIRECTOR 1.0 0.0 X 0 0 0 PAUL S LEVY DIRECTOR 1.0 0.0 X 0 0 0 JASON MACDONALD DIRECTOR 1.0 0.0 X 0 0 0 DAVID P O'CONNOR DIRECTOR 1.0 0.0 X 0 0 0 ANGELICA Z RUDENSTINE DIRECTOR 1.0 0.0 X 0 0 0 HANNAH ROTHSCHILD FORMER CHAIR AND PRESIDENT 1.0 0.0 X X 0 0 0 ROSEMARY LEITH FORMER DIRECTOR 1.0 0.0 X 0 0 0 MATTHEW FOWLER ASSISTANT SECRETARY 1.0 0.0 X 0 0 0 ANDY HIBBERT ASSISTANT TREASURER 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 2588857 2588857 0 1024663 1024663 0 0 0 0 0 42898802 28636249 14262553 14262553 0 0 0 0 0 0 0 0 0 0 17876073 1024663 0 0 10437884 10437884 0 0 0 0 0 0 0 49500 49500 0 161586 161586 0 0 0 0 0 2628 2628 0 0 0 21324 21324 0 0 10167 10167 0 0 3046 3046 NGL PROVIDED SERVICES 35000 35000 FILING FEES 2100 2100 DUES AND SUBSCRIPTIONS 830 830 10724065 10437884 286181 0 0 0 15575241 4483033 900246 603880 0 0 0 0 0 0 0 0 0 0 102279 26019 0 0 14395606 29640170 256263573 288540360 0 0 0 0 139943 154439 287376888 323447901 50541 57320 20019894 12077591 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20070435 12134911 X 266188209 310480901 1118244 832089 267306453 311312990 287376888 323447901 X 7152008 36868494 -13965 X X false true X true false X 2467126 2032091 1433878 5116420 2588857 13638372 0 0 2467126 2032091 1433878 5116420 2588857 13638372 8096760 5541612 104583 83684 160999 1230818 1024663 2604747 0 0 16243119 0.34117 0.29537 X PART II, SECTION C, FACTS AND CIRCUMSTANCES TEST: UNTIL 2006, AMERICAN FRIENDS OF THE NATIONAL GALLEY, LONDON ("AFNGL") QUALIFIED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) BECAUSE OF ITS RELATIONSHIP TO THE NATIONAL GALLERY, LONDON ("NGL"), A BRITISH CHARITABLE AND EDUCATIONAL TRUST FUNDED PRINCIPALLY BY THE BRITISH GOVERNMENT AND MAINTAINING AN ART COLLECTION AND MUSEUM FOR THE PUBLIC IN LONDON, ENGLAND. IN VIEW OF THE AMENDMENT OF SECTION 509(A)(3) BY THE PENSION PROTECTION ACT TO BAR ORGANIZATIONS SUPPORTING FOREIGN CHARITIES FROM CONTINUING TO QUALIFY UNDER 509(A)(3), AFNGL REQUESTED THE INTERNAL REVENUE SERVICE TO RECLASSIFY IT AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(1), BASED ON A PUBLIC SUPPORT PERCENTAGE FOR 2002-2005 OF 14.9% AND SATISFACTION OF OTHER PORTIONS OF THE "FACTS AND CIRCUMSTANCES" TEST UNDER SECTION 170(B)(1)(A)(VI). BY LETTER DATED NOVEMBER 22, 2006, THE IRS RECLASSIFIED AFNGL AS A PUBLICLY SUPPORTED ORGANIZATION. AFNGL MET THE PUBLIC SUPPORT TEST FOR 2024 AND THE "FACTS AND CIRCUMSTANCES" TEST DURING TAX YEARS 2020-2023, WHERE IT RECEIVED AT LEAST 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC, AND IT SATISFIED THE OTHER FACTORS IN THAT TEST: A. TEN-PERCENT-OF-SUPPORT REQUIREMENT AFNGL'S PUBLIC SUPPORT PERCENTAGE FOR 2024 WAS 34.1% (SCH A, PART II, LINE 14) B. ATTRACTION OF PUBLIC SUPPORT REQUIREMENT AFNGL HAS A CONTINUOUS AND BONA FIDE PROGRAM FOR SEEKING CONTRIBUTIONS AND GRANTS FROM INDIVIDUALS, FOUNDATIONS AND DONOR ADVISED FUNDS THAT ARE INTERESTED IN, AND SUPPORTIVE OF, ITS PROGRAMS. IT ALSO HAS BEEN EXPLORING ADDITIONAL WAYS TO BRING ITS PROGRAMS TO THE ATTENTION OF POSSIBLE DONORS BY EXAMINING ITS EXISTING PRACTICES AND ADOPTING NEW ONES. NGL IS THE FOREMOST ART MUSEUM IN ENGLAND, HAVING A POSITION THERE SUBSTANTIALLY SIMILAR TO THAT OCCUPIED BY THE NATIONAL GALLERY, WASHINGTON, DC AND THE METROPOLITAN MUSEUM OF ART, NEW YORK. NGL'S GALLERIES AND EXHIBITIONS ARE ONE OF THE HIGHLIGHTS OF LONDON AND CONSEQUENTLY A MAGNET FOR ART AND ART HISTORY STUDENTS OF ALL AGES WORLDWIDE. C. OTHER PUBLIC SUPPORT FACTORS 1. PERCENTAGE OF FINANCIAL SUPPORT FACTOR: AFNGL'S PERCENTAGES OF PUBLIC SUPPORT FOR 2006 AND 2007 WERE 14.9% AND 14.0% RESPECTIVELY, BASED ON THE FOUR-YEAR PERIODS ENDING PRIOR TO THOSE YEARS UNDER THE REGULATION THEN IN EFFECT. BASED ON THE FIVE-YEAR PERIODS ENDING WITH 2020, 2021, 2022, 2023, AND 2024, AND THE ACCRUAL BASIS OF ACCOUNTING REQUIRED BY THE 2008 REGULATION, THE PUBLIC SUPPORT PERCENTAGES WERE 30.4%, 29.1%, 29.4%, 29.5% AND 34.1% RESPECTIVELY. 2. SOURCES OF SUPPORT FACTOR: AFNGL RECEIVES SUPPORT FROM A REPRESENTATIVE NUMBER OF INDIVIDUALS AND ORGANIZATIONS EACH YEAR AND NOT FROM A SINGLE INDIVIDUAL OR FAMILY. DURING THE PERIOD OF 2020-2024, IT RECEIVED CONTRIBUTIONS AND GRANTS FROM MORE THAN NINETY SEPARATE INDIVIDUALS AND ORGANZATIONS. 3. REPRESENTATIVE GOVERNING BODY FACTOR: THE BOARD OF DIRECTORS OF AFNGL CONSISTS OF INDIVIDUALS BROADLY REPRESENTATIVE OF THE COMMUNITY INTERESTED IN ITS PROGRAMS. THEY HAVE SUBSTANTIAL ART ADMINISTRATION AND FINANCIAL EXPERIENCE. NONE ARE RELATED TO EACH OTHER BY FAMILY TIES. A MAJORITY OF THE DIRECTORS ARE U.S. CITIZENS; THEY ARE ELECTED BY A MAJORITY OF THE INCUMBENT U.S. DIRECTORS. A MINORITY OF THE DIRECTORS ARE APPOINTED BY THE TRUSTEES OF NGL, WHO ARE THEMSELVES APPOINTED BY THE BRITISH PRIME MINISTER. 4. AVAILABILITY OF PUBLIC FACILITIES OR SERVICE FACTOR: AFNGL SUPPORTS THE ACQUISITION AND DISPLAY OF PAINTINGS AND OTHER WORKS OF ART BY NGL. NGL IS THE FOREMOST ART MUSEUM IN ENGLAND. THE BRITISH GOVERNMENT PROVIDES ITS PRINCIPAL FUNDING FOR ANNUAL OPERATIONS, AND AS A CONSEQUENCE, ITS COLLECTIONS ARE AVAILABLE TO THE PUBLIC WITHOUT ADMISSION CHARGE (EXCEPT FOR SPECIAL EXHIBITIONS), ATTRACTING MORE THAN FOUR MILLION VISITORS ANNUALLY. THUS, AFNGL'S PROGRAM DIRECTLY BENEFITS THE GENERAL PUBLIC. 5. ADDITIONAL FACTORS PERTINENT TO MEMBERSHIP ORGANIZATIONS: NOT APPLICABLE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ALTERNATIVE INVESTMENTS 288540360 F 288540360 0 0 X 54730602 36868494 -13965 36854529 17876073 17876073 10724065 10724065 10724065 PART X, LINE 2: THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D: FOREIGN EXCHANGE GAIN/(LOSS) (13,965) true Europe (Including Iceland and Greenland) 0 2 Program Services ADMIN SERVICES 10437884 Central America and the Caribbean 0 0 Investments 123136138 Europe (Including Iceland and Greenland) 0 0 Investments 47953617 0 2 0 2 181527639 181527639 Europe (Including Iceland and Greenland) SUPPORT OF NGL PROJECTS 10437884 Wire 1 1 true false true true false false PART I, LINE 2: THE CRITERIA OF THE GRANTMAKING IS TO BENEFIT THE NATIONAL GALLERY, LONDON, AND IS DISCUSSED AT THE BOARD LEVEL AFTER RECEIPT OF WRITTEN APPLICATION FROM THE DIRECTOR OF THE NATIONAL GALLERY, LONDON. THE NATIONAL GALLERY, LONDON WAS CREATED BY THE UNITED KINGDOM GOVERNMENT AND CONTINUES TO RECEIVE AN ANNUAL GRANT FROM THEM FOR SUPPORT. BOARD MEETINGS ARE HELD IN PERSON AT THE NATIONAL GALLERY EVERY FEW YEARS AND THE DIRECTORS CONDUCT AN ON-SITE INSPECTION OF USES OF GRANT FUNDS; INDIVIDUAL DIRECTORS TRAVEL TO THE GALLERY MORE FREQUENTLY TO CONDUCT ON-SITE INSPECTIONS. THE CHAIRMAN & DIRECTOR OF THE NATIONAL GALLERY, LONDON, COMES TO BOARD MEETINGS IN THE UNITED STATES IN ALTERNATE YEARS TO REPORT ON USES OF GRANTS. ADDITIONAL COMMUNCATION ON USES OF GRANT FUNDS OCCURS AT INVESTMENT COMMITTEE MEETINGS HELD FOUR TIMES ANNUALLY. DIRECTORS AND ADMINISTRATORS RECEIVE AND REVIEW PRINTED MATERIALS FROM THE GALLERY AND PAY PARTICULAR ATTENTION TO SECTIONS DEALING WITH USES OF GRANT FUNDS, E.G., PURCHASES OF PAINTINGS, COMPLETION OF GALLERY REFURBISHMENT AND THE LIKE. PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING. PART II, LINE 1 - ADDITIONAL SUPPLEMENTAL INFORMATION PURPOSE OF GRANT (EUROPE) - SUPPORT FOR SPECIFIC PROJECTS OF THE NATIONAL GALLERY, LONDON, INCLUDING ACQUISITION OF PAINTINGS, PUBLISHING OF MATERIALS, AND ADMINISTRATIVE SERVICES. SUTTON PLACE LIMITED SEE PART V 100000 SEE PART V false PART IV, LINE 1B AN ENTITY OF WHICH MARK H. GETTY (CURRENT DIRECTOR OF AFNGL), AND HIS FAMILY MEMBERS, OWN MORE THAN 35%. PART IV, LINE 1D PROFESSIONAL SERVICES AND ADMINISTRATIVE SUPPORT. PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE AMERICAN FRIENDS OF THE NATIONAL GALLERY, LONDON, INC. WAS ESTABLISHED IN 1985 TO SUPPORT THE NATIONAL GALLERY, LONDON, IN ITS EFFORTS TO CARE FOR, ENHANCE AND STUDY ITS COLLECTION OF GREAT EUROPEAN PAINTINGS AND ENCOURAGE ACCESS TO THE COLLECTION FOR THE EDUCATION AND ENJOYMENT OF THE WIDEST POSSIBLE PUBLIC NOW AND IN THE FUTURE. PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE AMERICAN FRIENDS OF THE NATIONAL GALLERY, LONDON, INC. WAS ESTABLISHED IN 1985 TO SUPPORT THE NATIONAL GALLERY, LONDON, IN ITS EFFORTS TO CARE FOR, ENHANCE AND STUDY ITS COLLECTION OF GREAT EUROPEAN PAINTINGS AND ENCOURAGE ACCESS TO THE COLLECTION FOR THE EDUCATION AND ENJOYMENT OF THE WIDEST POSSIBLE PUBLIC NOW AND IN THE FUTURE. PART III, LINE 4D, OTHER PROGRAM SERVICES: THIS GRANT WAS MADE TO SUPPORT THE HOWARD AND ROBERTA AHMANSON CURATOR IN ART AND RELIGION, AND THE HOWARD AND ROBERT AHMANSON FELLOW IN ART AND RELIGION. THIS GRANT IS FUNDED BY CONTRIBUTIONS RECEIVED FROM HOWARD AND ROBERTA AHMANSON. EXPENSES $238,789 INCLUDING GRANTS OF $238,789 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE NATIONAL GALLERY FAMILY PROGRAM. THIS GRAND IS FUNDED BY A CONTRIBUTION RECEIVED FROM THE KHR MCNEELY FAMILY FUND. EXPENSES $166,000 INCLUDING GRANTS OF $166,000 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE CONSERVATION OF CEZANNE'S LARGE BATHERS (LES GRANDES BAIGNEUSES). THIS GRANT IS FUNDED BY A CONTRIBUTION RECEIVED FROM THE BANK OF AMERICA CONSERVATION FUND. EXPENSES $163,000 INCLUDING GRANTS OF $163,000 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE CREDIT SUISSE EXHIBITION: FRANS HALS. THIS GRANT IS FUNDED BY A CONTRIBUTION RECEIVED FROM GREGORY ANNENBERG WEINGARTEN AND GROW@ANNENBERG FOUNDATION. EXPENSES $128,309 INCLUDING GRANTS OF $128,309 REVENUE $0 THIS GRANT WAS MADE TO STRENGTHEN THE CURATORIAL DEPARTMENT. THIS GRANT IS FUNDED BY CONTRIBUTIONS RECEIVED FROM VARIOUS DONORS. EXPENSES $112,927 INCLUDING GRANTS OF $112,927 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE NEIL WESTREICH CURATOR OF POST-1800 PAINTINGS. THIS GRANT WAS FUNDED BY A CONTRIBUTION RECEIVED FROM NEIL WESTREICH. EXPENSES $100,000 INCLUDING GRANTS OF $100,000 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE NATIONAL GALLERY'S SUMMER ON THE SQUARE PROJECT. THIS GRANT IS FUNDED BY A CONTRIBUTION RECEIVED FROM PIA AND MATT COHLER. EXPENSES $100,000 INCLUDING GRANTS OF $100,000 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE ART ROAD TRIP PROGRAM. THIS GRANT WAS FUNDED BY A CONTRIBUTION RECEIVED FROM THE KHR MCNEELY FAMILY FUND. EXPENSES $64,000 INCLUDING GRANTS OF $64,000 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT SCHOLARLY CATALOGUES. THIS GRANT IS FUNDED BY CONTRIBUTIONS RECEIVED FROM THE ARTHUR AND HOLLY MAGILL FOUNDATION. EXPENSES $63,553 INCLUDING GRANTS OF $63,553 REVENUE $0 THIS GRANT WAS MADE FOR THE INTERNATIONAL CIRCLE TO SUPPORT THE NATIONAL GALLERY'S EXHIBITIONS, EDUCATION PROGRAMS AND EFFORTS TO CARE FOR AND ENHANCE ITS COLLECTIONS. THIS GRANT WAS FUNDED BY CONTRIBUTIONS RECEIVED FROM FREDERICK ISEMAN, AND CHARLES AND JESSIE PRICE. EXPENSES $50,000 INCLUDING GRANTS OF $50,000 REVENUE $0 THIS GRANT WAS MADE TO THE NATIONAL GALLERY TRUST FOR THE ANNA JAMESON FUND, ERIKA LANGMUIR FUND, AND STACIA APOSTOLOS FUND RECEIVED FROM PROFESSOR DIANE APOSTOLOS-CAPPADONA. EXPENSES $22,500 INCLUDING GRANTS OF $22,500 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE TAKE ONE PICTURE PROGRAM. THIS GRANT WAS FUNDED BY A CONTRIBUTION RECEIVED FROM THE PACIFICUS FOUNDATION. EXPENSES $15,000 INCLUDING GRANTS OF $15,000 REVENUE $0 THIS GRANT WAS MADE FOR THE YOUNG AMBASSADORS IN SUPPORT OF THE NATIONAL GALLERY'S EXHIBITIONS, EDUCATION PROGRAMS AND EFFORTS TO CARE FOR AND ENHANCE ITS COLLECTIONS. THIS GRANT IS FUNDED BY CONTRIBUTIONS RECEIVED FROM LINDSAY CURRAN, GAIL EWING, MARY ELIZABETH GEAREN, ALEXANDER HANKIN, MONICA IRANI, GALERIE CHLOE PERRIN, THE MONICA AND DOUGLAS TAYLOR FOUNDATION, AND JUDY ZHOU. EXPENSES $10,647 INCLUDING GRANTS OF $10,647 REVENUE $0 THIS GRANT WAS MADE TO SUPPORT THE CONSERVATION OF RICHARD WILSON'S HOLT BRIDGE ON THE RIVER DEE. THIS GRANT IS FUNDED BY A CONTRIBUTION RECEIVED FROM DR. LEE MACCORMICK EDWARDS CHARITABLE FOUNDATION. EXPENSES $10,000 INCLUDING GRANTS OF $10,000 REVENUE $0 PART VI, SECTION A, LINE 3: CLERICAL AND MANAGERIAL DUTIES WERE PERFORMED BY GHS PHILANTHROPY MANAGEMENT COMPANY. ADDITIONALLY, THE ASSISTANT SECRETARY AND THE ASSISTANT TREASURER ARE EMPLOYEES OF THE NATIONAL GALLERY AND CARRY OUT RESPONSIBILITIES AS OFFICERS OF AFNGL. THE ASSISTANT SECRETARY AND ASSISTANT TREASURER ARE PAID BY THE NATIONAL GALLERY TO CARRY OUT RESPONSIBILITIES AS OFFICERS, AND AFNGL PAYS ANNUAL BUDGETED AMOUNTS APPROVED BY THE DIRECTORS FOR THOSE PURPOSES. SUTTON PLACE LIMITED RECONCILES INVESTMENT TRANSACTIONS AND PREPARES FINANCIAL STATEMENTS AND DOCUMENTATION FOR THE ANNUAL AUDIT, WHICH IS PERFORMED BY GRANT THORNTON, LLP. PART VI, SECTION B, LINE 11B: A COPY OF THE FORM 990 WAS PROVIDED TO THE DIRECTORS IN THE MATERIALS FOR THE MEETING HELD VIA CONFERENCE CALL ON AUGUST 20, 2025, AT WHICH TIME IT WAS RECEIVED AND REVIEWED. PART VI, SECTION B, LINE 12C: THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS SENT EACH YEAR TO THE DIRECTORS ALONG WITH THE ANNUAL STATEMENT REGARDING CONFLICTS OF INTEREST, WHICH IS TO BE SIGNED BY EACH DIRECTOR PER ARTICLE VI OF THE POLICY. THESE COMPLETED FORMS ARE SENT TO THE CHAIR OF THE AUDIT COMMITTEE WHO REVIEWS THEM AND ANY ADDITIONAL INFORMATION PROVIDED. THE CHAIR THEN SIGNS AND SUBMITS TO THE BOARD: AUDIT COMMITTEE CHAIRMAN'S ANNUAL CONFLICT OF INTEREST REPORT TO THE BOARD OF DIRECTORS ON COMPLIANCE BY ALL DIRECTORS (TO BE SIGNED BY THE CHAIRMAN OF THE AUDIT COMMITTEE PER ARTICLE VI OF THE POLICY). PART VI, SECTION C, LINE 19: THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED ELECTRONICALLY UPON WRITTEN REQUEST. PART XI, LINE 9, CHANGES IN NET ASSETS: FOREIGN EXCHANGE GAIN/(LOSS) $(13,965) PART XII, LINE 2C THE AMERICAN FRIENDS OF THE NATIONAL GALLERY, LONDON, INC. HAD NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING 2024. UNRELATED BUSINESS INCOME - CARRYOVER TO 2024 FEDERAL POST-2017 NET OPERATING LOSS - UNRELATED BUSINESS $3,436 FEDERAL PRE-2018 NET OPERATING LOSS - UNRELATED BUSINESS $58,168