| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 41,679 | 0 | 0 | 0 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
NEW ART DEALER'S ALLIANCE (NADA) |
47 CANAL ST 2ND FLOOR NEW YORK CITY,NY10002 |
2020-05-07 | 37,617 | 100% OF NET PROCEEDS FROM THE SALE OF REPLICATIONS OF THE ART LISTED AS UNTITLED (TOILET PAPER) THROUGH THE DATE MAY 31, 2021 (THE "GRANT FUNDS") WILL BE PROVIDED IN SUPPORT OF GRANTEE'S CHARITABLE PROJECT TO PROVIDE DISASTER RELIEF TO ART DEALERS AND ARTISTS WHOSE BUSINESSES ARE SUFFERING AND ARE IN NEED AS A RESULT OF THE IMPACT OF THE CORONAVIRUS AS DESCRIBED IN THE PROPOSAL. AN EXPENDITURE RESPONSIBILITY CONTRACT WAS SIGNED BY THE FOUNDATION AND THE GRANTEE THAT OUTLINES THE CONDITIONS OF THE GRANT TO INCLUDE ONLY THE CHARITABLE PURPOSE LISTED ABOVE, FUNDS ARE EXPRESSLY NOT PERMITTED TO BE USED FOR LOBBYING, INFLUENCING LEGISLATION OR TO MAKE A GRANT TO ANY INDIVIDUAL FOR TRAVEL OR STUDY. | 37,617 | NONE |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENTS | AT COST | 194,158 | 194,158 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 52,289 | 0 | 0 | 52,289 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ART COLLECTION | 4,525,938 | 5,163,938 | 5,163,938 |
| Description | Amount |
|---|---|
| UNREALIZED LOSSES | 152,581 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ART PROGRAM | 9,493 | 0 | 0 | 9,137 |
| INSURANCE | 5,944 | 0 | 0 | 2,688 |
| OTHER | 4,662 | 0 | 0 | 4,000 |
| OFFICE EXPENSES | 2,345 | 0 | 0 | 411 |
| BANK & PROCESSING FEES | 1,780 | 0 | 0 | 1,197 |
| MARKETING AND PR | 44,105 | 0 | 0 | 44,105 |
| COLLECTION MANAGEMENT SOFTWARE | 1,575 | 0 | 0 | 0 |
| CONFERENCES, CONVENTIONS, AND MEETINGS | 7,576 | 0 | 0 | 7,380 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 143,472 | 143,472 | 143,472 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTANT FEES | 28,040 | 0 | 0 | 28,040 |
| INVESTMENT MGMT FEE | 2,899 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 22,849 | 0 | 0 | 17,380 |
| TAXES AND LICENSES | 1,052 | 0 | 0 | 250 |