Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE NEUE GALERIE NEW YORK
 

Number and street (or P.O. box number if mail is not delivered to street address)1048 FIFTH AVENUE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10028
A Employer identification number

13-4047433
B Telephone number (see instructions)

(212) 628-6200
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$201,502,682J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule).............. 3,384,432
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 665,053 665,053 665,053
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,597
b Gross sales price for all assets on line 6a 13,597
7 Capital gain net income (from Part IV, line 2)... 13,597
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 1,935,732
b Less: Cost of goods sold.... 900,796
c Gross profit or (loss) (attach schedule)..... Click to see attachment 1,034,936 1,034,936
11 Other income (attach schedule)....... Click to see attachment 4,021,762   4,021,762
12 Total. Add lines 1 through 11........ 9,119,780 678,650 5,721,751
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 570,723   57,072 513,651
14 Other employee salaries and wages...... 3,022,880 15,114 1,401,500 1,606,266
15 Pension plans, employee benefits....... 573,792 2,869 52,562 513,497
16a Legal fees (attach schedule)......... Click to see attachment 30,177     15,907
b Accounting fees (attach schedule)....... Click to see attachment 39,758 199   3,482
c Other professional fees (attach schedule).... Click to see attachment 248,521 57,030 48,695 146,515
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,039      
19 Depreciation (attach schedule) and depletion... Click to see attachment 184,020   50,264
20 Occupancy..............        
21 Travel, conferences, and meetings....... 170,878   27,399 136,795
22 Printing and publications..........       8,984
23 Other expenses (attach schedule)....... Click to see list of attachments 4,511,026   1,157,220 3,358,798
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,361,814 75,212 2,794,712 6,303,895
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 9,361,814 75,212 2,794,712 6,303,895
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -242,034
b Net investment income (if negative, enter -0-) 603,438
c Adjusted net income (if negative, enter -0-)... 2,927,039
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 345,064 442,111 442,111
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet707,446
Less: allowance for doubtful accounts bullet   243,673 707,446 707,446
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use............... 773,234 775,432 775,432
9 Prepaid expenses and deferred charges........... 45,427 45,427 45,427
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 24,708,678    
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment24,023,938 24,023,938
14 Land, buildings, and equipment: basis bullet6,918,575
Less: accumulated depreciation (attach schedule) bullet2,903,275 4,212,985 Click to see attachment4,015,300 4,015,300
15 Other assets (describe bullet) Click to see attachment171,375,409 Click to see attachment171,493,028 Click to see attachment171,493,028
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 201,704,470 201,502,682 201,502,682
Liabilities 17 Accounts payable and accrued expenses.......... 835,521 919,242
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons 1,750,739 1,850,739
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 2,586,260 2,769,981
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 176,713,357 176,567,221
25 Temporarily restricted................ 239,373  
26 Permanently restricted................ 22,165,480 22,165,480
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 199,118,210 198,732,701
31 Total liabilities and net assets/fund balances (see instructions).. 201,704,470 201,502,682
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 199,118,210
2 Enter amount from Part I, line 27a..................... 2 -242,034
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 198,876,176
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 143,475
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 198,732,701
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 13,597
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 5,970,153 24,313,490 0.24555
2012 5,586,244 5,344,993 1.04514
2011 5,407,840 11,246,795 0.48083
2010 5,205,949 16,781,822 0.31021
2009 5,711,846 22,579,627 0.25297
2 Total of line 1, column (d) ...................... 2 2.33470
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.46694
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 24,307,167
5 Multiply line 4 by line 3....................... 5 11,349,989
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,034
7 Add lines 5 and 6......................... 7 11,356,023
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,333,395
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 12,069
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 12,069
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 12,069
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 11,831
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,831
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 3
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 241
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.neuegalerie.org
    14
    The books are in care ofbulletMax Jahn Finance Director Telephone no.bullet (212) 628-6200
    Located atbullet1048 Fifth AvenueNew YorkNY ZIP+4bullet10028
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Ronald S Lauder Pres. & Trustee
    5.00     		0    
    767 Fifth Aveune Suite 4200
    New York,NY10153
    Renee Price DIR/ & EX-OFFO
    40.00     		537,897 32,826  
    1048 Fifth Ave
    New York,NY10028
    Carl E Schorske Trustee
    1.00     		0    
    45 Meadow Lakes
    Hightstown,NJ08520
    Eduard Sekler Trustee
    1.00     		0    
    48 Quincy St
    Cambridge,MA02138
    Peter Selz Trustee
    1.00     		0    
    861 Regal Rd
    Berkeley,CA94708
    Christian Witt-Dorring Trustee
    5.00     		0    
    Magdalenenstrasse 1
    Vienna   A-1060
    AU
    David Gerson Treasurer
    1.00     		0    
    767 Fifth Avenue
    New York,NY10520
    Reinhold Heller Trustee
    1.00     		0    
    1325 Linden Road
    Homewood,IL60430
    Max Hollein Trustee
    1.00     		0    
    Durerstrasse 2
    Frankfurt    
    GM
    Olaf Peters Trustee
    1.00     		0    
    Richard Wagner Strasse 27
    Hannover   50177
    GM
    Ernst Ploil Trustee
    1.00     		0    
    Stadiongasse 4
    Vienna A-1010    
    AU
    Jill Lloyd Trustee
    1.00     		0    
    56 St Jamess Gardens
    London   W114RA
    UK
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Scott Gutterman Deputy Director
    40.00     		310,000 21,891  
    1048 Fifth Avenue
    New York,NY10028
    Mark DeMairo Facilities Dir
    40.00     		260,000 22,675  
    1048 Fifth Avenue
    New York,NY10028
    Max Jahn Chief Fin. Officer
    40.00     		164,833 18,467  
    1048 Fifth Avenue
    New York,NY10028
    Janis Staggs Associate Curator
    40.00     		130,000 14,540  
    1048 Fifth Avenue
    New York,NY10028
    Sefahiye Saglam Registrar
    40.00     		160,000 15,740  
    1048 Fifth Avenue
    New York,NY10028
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NIKOLA A-Z REMODELING EXHIBITITION SERVICE 83,275
    34 OAK HOLLOW ROAD
    BRANFORD,CT06405
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 The Neue Galerie New York (the "Museum") mission is to exhibit, collect, preserve and research objects of fine and decorative art and photography, including works of German and Austrian artists. The Museum develops and owns a permanent collection of German and Austrian art and borrows important pieces from collectors and other Museums. The Museum organizes at least one major exhibition each year; it also develops educational programs and cooperates with other educational institutions in New York, giving guided tours of the Museum for classes and students. 7,123,414
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,481,270
    b
    Average of monthly cash balances.......................
    1b
    196,057
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,677,327
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    24,677,327
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    370,160
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,307,167
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,215,358
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    6,303,895
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    29,500
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,333,395
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,333,395
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$  
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
    1999-12-07
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
    1,215,358 1,056,723 267,250 562,340 3,101,671
    b 85% of line 2a ......... 1,033,054 898,215 227,163 477,989 2,636,421
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		6,333,395 5,970,153 5,586,244 5,407,840 23,297,632
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		6,333,395 5,970,153 5,586,244 5,407,840 23,297,632
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		810,238 810,450 178,166 374,893 2,173,747
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Ronald S Lauder
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aMembership revenue         962,780
    bMuseum Admissions         2,150,685
    cOther revenue         632,656
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 665,053  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        13,597
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..         1,034,936
    11 Other revenue: aCafe Revenue 712100 275,641      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 275,641 665,053 4,794,654
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,735,348
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1a Revenue from Neue Galerie New York memberships
    1b Admission fees to the Neue Galerie New York Museum.
    1c Revenue principally related to exhibition and art collections.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID: 14000265
    Software Version: 2014v5.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE NEUE GALERIE NEW YORK
     
    Employer identification number

    13-4047433
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE NEUE GALERIE NEW YORK
          		Employer identification number

    13-4047433
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    Estee Lauder 2004 Char Tr  
    767 Fifth Ave 40th FL
     
    New York, NY10153

    		$3,233,788


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    Richard Laura Parsons  
    166 Duane Street PH-B
     
    New York, NY10013

    		$10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    MARLENE HESS AND JIM ZIRIN  
    770 PARK AVENUE
     
    NEW YORK, NY10021

    		$5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    WOLFGANG TRABER  
    1185 PARK AVENUE
     
    NEW YORK, NY10128

    		$15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    BRADLEY ROLSTON  
    1211 AVENUE OF THE AMERICAS
     
    NEW YORK, NY10036

    		$20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE NEUE GALERIE NEW YORK
          		Employer identification number

    13-4047433
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE NEUE GALERIE NEW YORK
          		Employer identification number

    13-4047433
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID: 14000265
    Software Version: 2014v5.0

    TY 2014 AccountingFeesSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/AUDIT/TAX PREPARATION 39,758 199 0 3,482

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    600,000 shs, CETV Cl A Common FMV 1,926,000 1,926,000
    ACCENTURE PLC AT COST 62,517 62,517
    AMERICAN EXPRESS AT COST 44,194 44,194
    AMERISOURCEBERGEN CORP AT COST 51,842 51,842
    BANK OF NY MELLON AT COST 58,826 58,826
    BERKSHIRE HATHAWAY AT COST 60,060 60,060
    CINTAS CORP AT COST 23,532 23,532
    COMCAST CORP AT COST 36,256 36,256
    COMERICA INC AT COST 39,814 39,814
    DANONE AT COST 42,956 42,956
    DEVON ENERGY CORP AT COST 42,847 42,847
    EBAY INC AT COST 30,866 30,866
    EXPIDITORS INTERNATIONAL AT COST 33,457 33,457
    HONEYWELL INT'L AT COST 39,968 39,968
    MICROSOFT CORP AT COST 41,805 41,805
    NESTLE AT COST 35,821 35,821
    OMNICOM AT COST 36,798 36,798
    PACCAR INC AT COST 42,506 42,506
    POTASH CORP AT COST 66,225 66,225
    PROGRESSIVE CORP OHIO AT COST 41,160 41,160
    ROSS STORES INC AT COST 40,061 40,061
    SCHLUMBERGER LTD AT COST 40,570 40,570
    TE CONNECTIVITY LTD AT COST 34,787 34,787
    UNILEVER PLC AT COST 25,300 25,300
    UNITED HEALTHGROUP AT COST 65,709 65,709
    US DOLLAR AT COST 94,891 94,891
    3M CO AT COST 36,972 36,972
    NEUEBERGER BER AT COST 1,104,893 1,104,893
    PARNASSUS EQUITY AT COST 915,352 915,352
    PRIMECAP ODESSY STOCK FUND AT COST 1,007,152 1,007,152
    SPDR S&P 500 TRUST AT COST 1,022,973 1,022,973
    ASTON/FAIRPOINTE AT COST 791,726 791,726
    ISHARES CORE S&P MID CAP AT COST 700,108 700,108
    TRIBUTARY SMALL CO AT COST 214,983 214,983
    ARTISAN INTERNATIONAL AT COST 1,005,032 1,005,032
    DODGE & COX AT COST 929,071 929,071
    OAKMARK INTERNATIONAL AT COST 864,729 864,729
    VANGUARD FTSE EUROPE AT COST 190,510 190,510
    BROWN ADV JAPAN ALPHA AT COST 245,496 245,496
    ABERDEEN ASIA-PAC AT COST 507,815 507,815
    ISHARES MSCI ALL COUNTRY ASIA AT COST 216,058 216,058
    MATTHEWS ASIA DIVIDEND-INS AT COST 321,724 321,724
    DELEWARE EMERGING MARKETS AT COST 456,564 456,564
    ISHARES MSCI EMERGING MARKET INDEX AT COST 83,609 83,609
    NEUEBERGER BERMAN EQUITY FD AT COST 348,598 348,598
    JPM ACCESS MULTI-STRATEGY AT COST 3,892,377 3,892,377
    ISHARES COHEN & STEERS REALTY MAJORS AT COST 911,942 911,942
    PIMCO COMMODITYPL STRAT-P AT COST 587,528 587,528
    JPM MANAGED INC AT COST 424,576 424,576
    DODGE & COX INCOME AT COST 420,424 420,424
    DOUBLINE TOTAL RETURN AT COST 424,186 424,186
    VANGUARD TOTAL BOND MARKET INDEX AT COST 422,667 422,667
    BLACKROCK HIGH YIELD BOND AT COST 837,985 837,985
    VANGUARD DIVIDEND FUND AT COST 2,590 2,590
    CASH EQUIVALENT FUNDS AT COST 2,077,530 2,077,530

    TY 2014 LandEtcSchedule2
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 642,971 650,683 7,712  
    Machinery and Equipment 409,214 389,286 19,928 12,216
    Improvements 5,866,390 1,863,306 4,003,084 4,003,084


    TY 2014 LegalFeesSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - GENERAL 30,177 0 0 15,907


    TY 2014 MortgagesAndNotesPayableSch
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name Bank of America
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 15000000
    Balance Due  
    Date of Note 2006-01
    Maturity Date  
    Repayment Terms Demand loan
    Interest Rate 6.8500
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name Christie's Inc
    Lender's Title  
    Relationship to Insider None
    Original Amount of Loan 86750000
    Balance Due  
    Date of Note 2006-05
    Maturity Date 2007-05
    Repayment Terms Short Term Related to Art Sale
    Interest Rate 6.8700
    Security Provided by Borrower Works of Art
    Purpose of Loan Art Purchase
    Description of Lender Consideration  
    Consideration FMV  


    TY 2014 OtherAssetsSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Art & Artifacts 171,370,323 171,487,942 171,487,942
    Other Assets 5,086 5,086 5,086


    TY 2014 OtherDecreasesSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising & Public Relations 152,442   64,458 105,887
    BANK CHARGES 27,639   535 27,060
    Catalogue Service Fees 61,643   4,717 66,717
    Credit Card/Bank Charges 106,578   106,547 31
    DESIGN, GRAPHICS & PRINTING 135,942   50,015 84,149
    Exhibition & Design Services 738,406   147,681 647,843
    Insurance 396,245   45,255 367,970
    LICENSES 5,407   3,454 1,904
    Maintenance & Utilities 602,281   164,472 393,407
    Materials & Supplies 324,780   140,379 181,141
    MEMBERSHIPS & DUES 7,411     4,861
    Miscellaneous 1,929   96 1,833
    Postage, mailings and delivery 94,549   73,988 20,974
    Public Programs 28,450   3,823 25,926
    RECRUITMENT 12,986   280 12,706
    REPAIRS & MAINTENANCE 147,083     147,083
    Security Costs 1,002,667   313,431 669,789
    Shipping 616,202   30,810 549,774
    Telephone 48,386   7,279 49,743


    TY 2014 OtherIncomeSchedule2
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Cafe Revenue 275,641   275,641
    Membership revenue 962,780   962,780
    Museum Admissions 2,150,685   2,150,685
    Other revenue 632,656   632,656


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANTS 191,491 0 48,695 146,515
    INVESTMENT ADVISOR FEES 57,030 57,030 0 0


    TY 2014 SalesOfInventoryList 
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    Book Store 1,935,732 900,796 1,034,936

    TY 2014 TaxesSchedule
    Name:
    THE NEUE GALERIE NEW YORK
    EIN: 13-4047433
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX (FORM 990T) 5,235      
    NYS INCOME TAX (FORM CT 13) 4,804