2021-11-02T12:38:05-05:00 2020-12-31 134271132 SUTTON PLACE LIMITED 5390 KIETZKE LANE SUITE 202 RENO NV 89511 990 2020-01-01 133321549 THE AMERICAN FRIENDS OF THE NATIONAL GALLERY LONDON INC AMER 2128124362 31 WEST 34TH ST 7TH FLOOR NO 701 NEW YORK NY 10001 WILLIAM B BEEKMAN TREASURER 2129096215 2021-11-02 1 WILLIAM BEEKMAN 999009999 PATRICIA SILER P01070578 7754124300 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z HANNAH ROTHSCHILD 31 WEST 34TH ST 7TH FLOOR NO 7010 NEW YORK NY 10001 42794335 0 X WWW.AFNGL.ORG X 1985 DE 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. 11 10 0 0 0 0 2969843 2467126 0 0 11577177 23576376 0 0 14547020 26043502 12624904 1975353 0 0 0 0 0 0 0 791505 624864 13416409 2600217 1130611 23443285 248196751 285490745 10639654 1551670 237557097 283939075 X 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. 0 0 789422 789422 THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "THE FINDING OF MOSES" BY ORAZIO GENTILESCHI. 203725 203725 THIS GRANT WAS MADE TO SUPPORT THE ACQUISITION OF THE PAINTING - "THE FORTRESS OF KONIGSTEIN FROM THE NORTH" BY BERNARDO BELLOTTO. 188094 188094 AFNGL GRANTED THE PAINTING "CHALETS AT RIGI" BY ALEXANDRE CALAME TO NATIONAL GALLERY, LONDON. 173885 173885 THIS GRANT WAS MADE TO SUPPORT THE AHMANSON FELLOWSHIP IN ART AND RELIGION AND THE AHMANSON CURATOR IN ART AND RELIGION. 107124 107124 THIS GRANT WAS MADE TO SUPPORT THE CONTINUING STRENGTHENING OF THE CURATORIAL DEPARTMENT AT THE NATIONAL GALLERY, LONDON. 100000 100000 THIS GRANT WAS MADE TO SUPPORT THE NEIL WESTREICH CURATOR OF POST-1800 PAITINGS AT THE NATIONAL GALLERY. 100000 100000 THIS GRANT WAS MADE TO SUPPORT THE EXHIBITION "LEONARDO: EXPERIENCE A MASTERPIECE". 75000 75000 THIS GRANT WAS MADE TO SUPPORT THE INTERNATIONAL CIRCLE TO SUPPORT THE NATIONAL GALLERY'S EXHIBITIONS, EDUCATION PROGRAMS AND EFFORTS TO CARE FOR AND ENHANCE ITS COLLECTIONS. 66487 66487 THIS GRANT WAS MADE TO SUPPORT THE BENEFACTORS' CIRCLE TO SUPPORT THE NATIONAL GALLERY'S EXHIBITIONS, EDUCATION PROGRAMS AND EFFORTS TO CARE FOR AND ENHANCE ITS COLLECTIONS. 53000 53000 THIS GRANT WAS MADE TO SUPPORT THE EXHIBITION "TITIAN: LOVE, DESIRE, DEATH". 50000 50000 THIS GRANT WAS MADE TO SUPPORT THE CREDIT SUISSE EXHIBITION "DURER'S JOURNEYS: TRAVELS OF A RENAISSANCE ARTIST". 24641 24641 THIS GRANT WAS MADE TO SUPPORT PUBLICATION OF SCHOLARLY CATALOGUES. 16000 16000 THIS GRANT WAS MADE TO SUPPORT TITIAN WEB CONTENT ON THE NATIONAL GALLERY'S WEBSITE. 10000 10000 THIS GRANT WAS MADE TO HONOR ANNA JAMESON TO SUPPORT AN ANNUAL LECTURE ORGANIZED BY THE GALLERY, RELATING TO WOMEN ARTISTS, WOMEN WRITERS ABOUT ART, OR WOMEN COLLECTORS OR PATRONS OF ART. 5000 5000 THIS GRANT WAS MADE TO SUPPORT THE EXHIBITION "CONVERSATIONS WITH GOD: COPERNICUS BY JAN MATJEKO". 12975 12975 THIS GRANT WAS THE DISCOUNT ADJUSTMENT FOR PRIOR YEAR GRANT PAYABLE. 794112 794112 1975353 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 3 0 0 0 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY NJ X SUTTON PLACE LIMITED 7754124300 5390 KIETZKE LANE SUITE 202 RENO NV 89511 X WILLIAM B BEEKMAN DIRECTOR & TREASURER 1.00 X X 0 0 0 D RONALD DANIEL DIRECTOR 1.00 X 0 0 0 KENNETH S DAVIDSON DIRECTOR 1.00 X 0 0 0 MARK H GETTY DIRECTOR 1.00 X 0 0 0 LAUREN A MESERVE DIRECTOR 1.00 X 0 0 0 FRANK E RICHARDSON DIRECTOR 1.00 X 0 0 0 ANGELICA ZANDER RUDENSTINE DIRECTOR 1.00 X 0 0 0 PAUL S LEVY DIRECTOR 1.00 X 0 0 0 ROSEMARY LEITH DIRECTOR 1.00 X 0 0 0 HANNAH ROTHSCHILD CHAIRMAN 1.00 X X 0 0 0 ALICE HANDY DIRECTOR 1.00 X 0 0 0 MATTHEW FOWLER ASSISTANT SECRETARY 1.00 X 0 0 0 ANDY HIBBERT ASSISTANT TREASURER 1.00 X 0 0 0 ANN B SLOANE SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 SILCHESTER INTERNATIONAL INVESTORS 780 3RD AVE 4201 NEW YORK NY 10017 INVESTMENT MANAGER 143714 CAPE ANN GLOBAL DEVELOPING MARKETS FUND 193 GRATUITY RD GROTON MA 01450 INVESTMENT MANAGER 105460 2 2467126 2467126 104583 104583 40222626 16750833 23471793 23471793 23471793 26043502 0 0 23576376 1975353 1975353 43260 43260 128424 128424 249174 249174 1538 1538 230 230 157741 157741 5390 5390 NGL PROVIDED SERVICES 35000 35000 FILING FEES 2460 2460 MISCELLANEOUS EXPENSES 882 882 DUES AND SUBSCRIPTIONS 765 765 2600217 1975353 624864 0 1247062 11941704 496431 396184 2861 2818509 3175972 235076121 268890371 8555767 1086514 248196751 285490745 92629 51670 1047025 9500000 1500000 10639654 1551670 X 235983491 283078426 1573606 860649 237557097 283939075 248196751 285490745 X 23443285 22922545 16148 X X 0 1 X 1 0 X 1071178 1871606 3334817 2969843 2467126 11714570 1071178 1871606 3334817 2969843 2467126 11714570 7826957 3887613 253834 301271 302572 129541 104583 1091801 12806371 0.30360 0.29250 X UNTIL 2006, AMERICAN FRIENDS OF THE NATIONAL GALLERY, 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 SATISIFES THE "FACTS AND CIRCUMSTANCES" TEST FOR 2020. IT DID RECEIVE AT LEAST 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC, AND IT SATISFIES THE OTHER FACTORS IN THAT TEST:A. TEN-PERCENT-OF-SUPPORT REQUIREMENTAFNGL'S PUBLIC SUPPORT PERCENTAGE FOR 2020 WAS 30.36 (SCH A, PART II, LINE 14)B. ATTRACTION OF PUBLIC SUPPORT REQUIREMENTAFNGL 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 PROGRAM 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 FACTORS1. 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 2016, 2017, 2018, 2019 AND 2020 AND THE ACCRUAL BASIS OF ACCOUNTING REQUIRED BY THE 2008 REGULATION, THE PUBLIC SUPPORT PERCENTAGES WERE 28.6%, 29.0%, 28.1%, 29.3% AND 30.4%, 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 2016-2020, IT RECEIVED CONTRIBUTIONS AND GRANTS FROM MORE THAN EIGHTY SEPARATE INDIVIDUALS AND ORGANIZATIONS.3. REPRESENTATIVE GOVERNING BODY FACTOR: THE BOARD OF DIRECTORS OF AFNGL CONSISTS OF INDIVIDUALS BROADLY REPRESENTATIVE OF THE COMMUNITY INTERESTED IN ITS PROGRAM. 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 FIVE 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 0 ALTERNATIVE INVESTMENTS 268890371 F 268890371 X 48982195 22922545 16148 22938693 26043502 0 26043502 2600217 0 2600217 0 2600217 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 - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN/(LOSS) 16,148. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 PROGRAM SERVICES ADMIN SERVICES 1975353 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 101290947 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 36660035 0 2 0 0 0 2 139926335 0 139926335 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT OF NGL PROJECTS 1787259 WIRE 188094 GRANT A PAINTING "CHALETS AT RIGI" BY ALEXANDRE CALAME TO NGL FMV 1 1 1 0 1 1 0 0 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 COMMUNICATION 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 III ACCOUNTING METHOD: 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 75045 SEE PART V 0 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. FORM 990, 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 RESPONSIBILITES 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. FORM 990, 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 3, 2021, AT WHICH TIME IT WAS RECEIVED AND REVIEWED. FORM 990, 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). FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED ELECTRONICALLY UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: FOREIGN EXCHANGE GAIN/(LOSS) 16,148. PART XII,LINE 2C THE AMERICAN FRIENDS OF THE NATIONAL GALLERY, LONDON, INC. HAD NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING 2020.