2026-08-04T11:02:35-05:00 2025-09-30 920460586 PwC US Tax LLP 655 New York Ave NW Suite 1100 Washington DC 20001 990 2024-10-01 536001666 National Gallery of Art NATI 2027374215 2000 South Club Drive Landover MD 20785 William W McClure Treasurer 2023122760 2026-08-04 1 0 Travis L Patton P00369623 2024141000 2024 2025-03-06 01:10:19Z National Gallery of Art Kaywin Feldman 2000 South Club Drive Landover MD 20785 661086615 0 X www.nga.gov X Independent establishment of the US 1937 DC The National Gallery of Art serves the nation by welcoming all people to explore and experience art, creativity, and our shared humanity. 9 9 962 332 711321 685095 211777177 284158738 124831 193643 101644219 96684262 1944144 1814243 315490371 382850886 1638637 1647664 0 0 131410825 138075380 0 0 9578728 110622061 146206427 243671523 285929471 71818848 96921415 1934331657 2182577337 175672577 211416497 1758659080 1971160840 X The National Gallery of Art serves the nation by welcoming all people to explore and experience art, creativity, and our shared humanity. 0 0 104075358 52756 32985 COLLECTIONS, CURATORIAL AND ACQUISITIONS OF ARTThe National Gallery's collection is at the heart of the National Gallery's mission, following founder Andrew W. Mellon's gift and mandate to establish a national gallery with works of the highest quality. The collection of paintings, sculpture, and decorative arts traces the development of European achievements from the thirteenth century to the present and American art from colonial times to the present. It comprises a comprehensive study of Italian Renaissance art, including the only painting by Leonardo da Vinci outside Europe, as well as strong holdings of the French Impressionists, the Dutch and Flemish masters, one of the country's most distinguished American collections, and twentieth-century art. The collection also includes prints, drawings, rare books and photographs. Major post-World War II sculpture is installed in a dynamic and richly landscaped setting in the National Gallery Sculpture Garden.Over 163,000 paintings, sculpture, prints, drawings, and photographs comprise the National Gallery's collection.AcquisitionsOver the past year, we have added 947 works of art to the permanent collection by purchase or gift. Select highlights of our acquisitions include "Mary Magdalene in Ecstasy" by Artemisia Gentileschi, one of the most famous seventeenth-century Italian painters. The presentation of the Magdalene is unusual, as she is absent her usual attributes of ointment jar and skull. Gentileschi stripped the subject down to the essential, a woman in a powerful state of transformation. Works by Artemisia Gentileschi are extremely rare and the acquisition of this work is a milestone for the National Gallery. The museum also acquired two works by Marguerite Gerard, who is recognized as one of the most important French artists of the Revolutionary period. ConservationThe Conservation Division continued to protect, preserve and steward our collections through 1,146 conservation treatments plus another 6,848 examinations of these artworks to preserve them for generations to come. Meanwhile, our curators continued to stage exhibitions and add to the collection in ways that allow us to welcome all people to explore and experience art, creativity, and our shared humanity. 63589290 1515774 -244897 EDUCATION AND PUBLIC PROGRAMSThe National Gallery advanced its educational mission by providing accessible art-based programs developed in collaboration with artists, musicians, filmmakers, scholars, educators, and community partners. The National Gallery delivered 3,066 educational and public programs, serving 157,666 participants onsite and virtually.A total of 36,212 visitors attended after-hours programs, including National Gallery Nights and Jazz in the Garden. The National Gallery served 12,273 participants through 82 film screenings featuring rare, non-commercial, international, and art films. Ongoing in-person our public tour series engaged 30,316 visitors, while 12,472 attendees participated in onsite and virtual talks and conversations. Multigenerational programs engaged more than 20,480 participants of all ages through family-oriented activities, including artmaking, story time, yoga, pop-up programs, and an online sketchbook club.Educational programs served 20,700 K-12 students nationwide through 403 school programs, including onsite tours, virtual lessons, and in-school workshops. Through the Across the Nation program, the National Gallery partnered with 10 museums and convened 176 educators from 12 states through two regional teacher institutes.The affiliate loan program expanded national access to the National Gallery's educational content by licensing films to broadcasters and distributing educational materials free of charge to K-12 schools, libraries, senior communities, and other organizations. This program reached an estimated self-reported audience of 50,313,733 viewers. In addition, approximately 10,372 posters were distributed to educators in all 50 states, the District of Columbia, Armed Forces (AE), and Puerto Rico. The National Gallery also distributed 27,000 printed educational resources on site.The National Gallery Library digitized 493 rare and special collection titles for access online and added 4,208 digital images to the current online image collection catalog. The cataloging team contributed 144 name authority records to the Library of Congress and enhanced or corrected another 122 name records. 4,885 items were added into the collection. Website visits surpassed 15 million, while social media impressions reached 94.4 million and Stories surpassed 500,000 views. Our original videos engaged viewers nationwide, achieving a record 32.9 million views across all 50 states.In May 2025, the National Gallery launched a new website aimed at creating new pathways for visitors and online users to engage with our collection. The Imaging Department catalogued 20,575 images in the Enterprise Digital Asset Management (eDAM) system, a 43% increase over the previous year. The team added 5,409 collection images, and the Open Access program saw an increase of 34% increase from last year, totaling over 667,000 image downloads.The Center, founded in 1979, for advanced study in the visual arts, continued to foster the study of the production, use, and cultural meaning of art, artifacts, architecture, urbanism, photography, and film from all places and periods. In fiscal year 2025, the Center supported 46 fellows and organized 35 scholarly programs, with 4,883 attendees across in-person and virtual formats. We welcomed award-winning classicist Mary Beard as Kress-Beinecke Professor, where she worked on a number of projects, mentored predoctoral fellows, and held two public programs. Highlights from the Center's programs included a book discussion with Jennifer L. Roberts on "Contact: Art and the Pull of Print", the most recent of our Mellon Lectures volumes produced with Princeton University Press; the 74th A. W. Mellon Lectures in the Fine Arts by Mabel O. Wilson; the Sydney J. Freedberg Lecture on Italian Art presented by Keith Sciberras; and a study day and public program in conjunction with the exhibition "Paris 1874: The Impressionist Moment". The Center continued to develop the first volumes of its publication series, Art &, as well as the fifth installment of the Seminar Papers series, "Academies of Art in Europe and the Americas, 1600-1990". 27368935 79134 98229 SPECIAL EXHIBITIONSAn integral aspect of the National Gallery's programming is organizing and presenting special exhibitions of major works of art, both from our permanent collections, and lent from public and private collections around the world, highlighting the breadth of artistic achievement in all forms. Through collaborative relationships with other nations and museums, special exhibitions bring together great works of art and contribute to scholarship in the field.During the fiscal year, 263 lenders from 16 countries and 43 states loaned 946 works of art to eight exhibitions (six special loan exhibitions and two in-house exhibitions). The National Gallery also worked on an additional 14 projects scheduled to open within the next five years and administered the tour of three exhibitions."Little Beasts: Art, Wonder, and the Natural World" - This exhibition explored the role of art in the development of European natural history during the 16th and 17th centuries. Featuring nearly 75 works, it examined how artists documented insects and animals as scientific knowledge expanded, and included specimens from the Smithsonian National Museum of Natural History."In the Tower: Chakaia Booker: Treading New Ground" - This installation featured three large-scale sculptures by Chakaia Booker, who transforms discarded tires into abstract forms. The works addressed sustainability and cultural history through the reuse of industrial materials."With Passion and Purpose: Gifts from the Collection of Larry D. and Brenda A. Thompson" - This exhibition celebrated recent and promised gifts of 175 works by Black artists from collectors Larry D. and Brenda A. Thompson. Featuring more than 60 works, it highlighted artistic production over the past century and addressed themes such as abstraction, portraiture, and social change."Photography and the Black Arts Movement, 1955-1985" - This exhibition examined photography's role in the Black Arts Movement. Featuring approximately 150 works, it traced the movement from 1955 to 1985 and highlighted artists who explored Black history, identity, and cultural expression.All Other Special Exhibitions:"Elizabeth Catlett: A Black Revolutionary Artist""The '70s Lens: Reimaging Documentary Photography""Back and Forth: Rozeal., Titian, Cezanne""American Landscapes in Watercolor from the Corcoran Collection" 8369234 0 0 EDITORIAL AND PHOTOGRAPHYThe National Gallery's editorial and photography departments produce many publications produced by the National Gallery. An example is Systematic catalogs. These comprehensive catalogs contain research on the paintings, sculpture, and decorative arts in the National Gallery's collection. 8369234 0 0 203402817 1 0 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 490 0 1 962 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 2027374215 2000 South Club Drive Landover MD 20785 Darren Walker - President of the Board 1.00 X 0 0 0 David M Rubenstein - Chairman of the Board 1.00 X 0 0 0 Laura Arrillaga-Andreessen - Trustee (through 7/1/25) 1.00 X 0 0 0 Indra Nooyi - Trustee 1.00 X 0 0 0 Mitchell P Rales - Trustee 1.00 X 0 0 0 Chief Justice of the US - Ex-officio Trustee 0.00 X 0 0 0 Secretary of State - Ex-officio Trustee 0.00 X 0 0 0 Sec'y of the US Treasury - Ex-Officio Trustee 0.00 X 0 0 0 Sec'y of the Smithsonian - Ex-Officio Trustee 0.00 X 0 0 0 Sarah F Perot - Trustee (effective 7/2/25) 1.00 X 0 0 0 Kaywin Feldman - Director 40.00 X 2056773 0 460182 William W McClure - Treasurer 40.00 X 618547 0 198551 Steven Nelson - Dean CASVA 40.00 X 511481 0 147871 Kate Haw-Collections Exhibitions & Programs Off 40.00 X 464850 0 131996 Eric Motley - Deputiy Director 40.00 X 593479 0 179207 E Carmen Ramos-Curatorial Conservation Officer 40.00 X 432042 0 144849 Luis Baquedano - Secretary General Counsel 40.00 X 484808 0 168371 Laura Lott - Administrator (through 2/22/25) 40.00 X 442991 0 141467 Jeffery Anoka - Administrator (effective 4/7/25) 40.00 X 0 0 0 Robert Stein - CIO 40.00 X 266510 0 79645 Susan B Wertheim-Deputy Admin Capital Projects/Chief Arc 40.00 X 258457 0 77885 Alan Dirican - Chief of Facilities Manage 40.00 X 242300 0 74686 Genia Reaves - Chief of Protection Services 40.00 X 209110 0 43644 Franklin W Kelly - Senior Curator (through 3/22/25) 40.00 X 277774 0 90761 Nicholas Sharp - Chief Digital Officer 40.00 X 283065 0 79385 Christine Kelleher - Chief of Investments (through 12/13/24) 40.00 X 289469 0 64569 Michele Nichols - Chief of Staff (through 7/26/25) 40.00 X 276910 0 68897 Sean O'Connor - Chief Dev Officer (through 8/1/25) 40.00 X 463239 0 133599 8171805 0 2285565 408 0 1 0 The Whiting-Turner Contracting Co 300 East Joppa Road Baltimore MD 21286 Construction 7435740 Centerra Group LLC 13530 Dulles Technology Dr Ste 50 Herndon VA 20171 Security 6843029 Freestate Electrical Service Co 13335 Mid Atlantic Blvd Laurel MD 20708 Construction 3961487 Grunley Construction Co 15020 Shady Grove Rd Ste 500 Rockville MD 20850 Construction 3906620 Nichols Contracting Inc 9190 Red Branch Rd Ste 200 Columbia MD 21045 Construction 3643305 84 266038536 18120202 57770338 284158738 Exhib loan fees/reimbs 900099 98229 98229 Educational services 611710 62429 62429 Art insurance reimb 900099 32985 32985 193643 4646816 538595 4108221 2059483 2059483 369352216 277314770 92037446 92037446 172726 91864720 613633 920959 -307326 -307326 Honorariums 900099 18042 18042 Workers comp refund 900099 12874 12874 Vending machine 900099 10038 10038 21132 21132 62086 382850886 -113683 711321 98094510 X 545958 545958 747151 747151 354555 354555 7790215 4584150 2218682 987383 96761285 71906102 21514467 3340716 19099903 14135079 4274267 690557 7416510 5535932 1668922 211656 7007467 5230267 1528098 249102 1188691 1188691 433702 433702 16753976 16753976 32136245 26593346 4096275 1446624 361591 361591 5305540 4113094 964247 228199 17762354 8881177 8348306 532871 16174966 9708042 6306284 160640 1151020 1039779 58509 52732 219135 210115 9020 21070 13620 6921 529 19629034 16524520 2880161 224353 1488781 1257774 203674 27333 Art acquisitions 25003275 25003275 Library books/photos 5726342 5726342 Bad debt expense 1365253 1365253 Income tax provision 15307 15307 1470145 930948 478417 60780 285929471 203402817 72947926 9578728 96453194 114906500 11096656 6159955 278645 1273676 1109909 4041269 777891372 320293138 393334722 457598234 319251305 287971216 1045659524 1222389984 67147702 88236503 1934331657 2182577337 43212687 54492027 132459890 156924470 175672577 211416497 X 792505731 920580111 966153349 1050580729 1758659080 1971160840 1934331657 2182577337 X 96921415 110008502 5571843 X 0 1 X 1 0 X 206574373 196994613 202223547 211777177 284158738 1101728448 206574373 196994613 202223547 211777177 284158738 1101728448 1101728448 8850405 8001852 8027033 6924570 6167704 37971564 449407 230632 685095 1365134 937251 387663 55569 137186 62086 1579755 1142644901 4132929 0.96420 0.96190 X Schedule A, Part II, Line 10, Explanation for Other income: Sources of other income include the following: Income tax benefit, postage collected, cellular site rental income, space rental fee, honorariums, workers compensation insurance refund and vending machine income. X X X X 0 852378349 3651492 119608217 851956 44543239 3585179 926657684 721141868 2693137 155671317 896638 22959043 3272292 852378349 649364304 5459966 96018257 949028 25662991 3088640 721141868 859386992 7033038 -190101455 852986 23269293 2831992 649364304 690959160 13660036 175820296 747778 17701816 2602906 859386992 0.09990 0.90010 0 0 699085665 275932393 423153272 9181888 229547 8952341 68626437 44131198 24495239 997382 997382 457598234 Venture capital 14244284 F Public equity and income 823131251 F Private equity 81633759 F Multi-asset class 4888309 F Loan to the US Treasury 5000000 F Hedge funds 293492381 F 1222389984 Amounts due to exhibitions partners 944172 Annuities payable 3548380 Due to GWU 2893187 Environmental liability 32582132 Operating lease liabilities 76440524 Unexpended federal multi-year appropriations 40516075 156924470 X 482270010 110008502 5243639 115252141 367017869 16753976 -920959 15833017 382850886 269768250 592755 592755 269175495 16753976 16753976 285929471 Part III, Line 1a: The National Gallery's art collections focus upon European and American paintings, sculpture, decorative arts, works on paper, and photographs. The collections are maintained for public exhibition, education, and research in furtherance of public service rather than for financial gain. The National Gallery acquires its art collections through purchase or by donations-in-kind. Only current year purchases made from specifically designated funds, not donations-in-kind, are reflected in the statement of activities. In conformity with accounting policies generally followed by art museums, the value of art has been excluded from the statement of financial position. The National Gallery does not deaccession any of its permanent collections. Part III, Line 4: The National Gallery's collection of over 163,000 works of art includes paintings, sculpture, and decorative arts tracing the development of European achievements from the 13th century through the present, and American art from colonial times to the present. The collection also includes prints, drawings, rare books, and photographs. Major post-World War II sculpture is installed in a dynamic and richly landscaped setting in the National Gallery Sculpture Garden. The collection furthers the National Gallery's tax-exempt purpose as the nation's premier art museum, as stated in the 1937 Joint Resolution of Congress which established the Gallery, "...so that the National Gallery of Art shall be at all times properly maintained, and the works of art contained therein shall be exhibited regularly to the general public free of charge." The works of art are normally on view 363 days a year to the general public; curators, conservators, and scholars study and publish articles, catalogues, and books on the works of art in the collection to further scholarship in the field; conservators examine, clean, and conduct scientific research on the works of art to preserve them for future generations; and works of art in the collection are lent to other art museums throughout the world. Part V, Line 4: The National Gallery's endowment consists of 132 individual funds, including both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. The endowment funds were established for a variety of purposes including the following: acquisitions of works of art, curatorial, conservation, special exhibitions, educational, editorial, and general operating purposes. Part X, Line 2: The National Gallery is a nonprofit organization exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. As a 501(c)(3) organization, the National Gallery is taxed only on income unrelated to its tax-exempt purpose, primarily certain investment earnings. In accordance with the guidance on accounting for uncertainty in income taxes, the National Gallery regularly evaluates its operations and tax positions and is not aware of any uncertain tax positions requiring financial statement adjustment or disclosure. Part XI, Line 2d - Other Adjustments: Change in value of split-interest agreements 661,187. Environmental liability change in value 4,582,452. Part XI, Line 4b - Other Adjustments: Catalogue cost of goods sold -920,959. Part XII, Line 2d - Other Adjustments: Catalogue cost of goods sold 920,959. Prior year grant reversing accrual -328,204. 1 Europe (Including Iceland & Greenland)-Albania, Andorra, Austria, Belgium 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 225805 North America - Canada and Mexico, but not the United States 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 27500 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 83500 South Asia 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 3500 Sub-Saharan Africa 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 6250 South America 0 0 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in The fellowships are designed to promote scholarship in art and architecture. 8000 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments - market value 435619366 0 0 0 0 0 0 435973921 0 435973921 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 10 225805 Check 34880 Housing Fair market value Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. North America - Canada and Mexico, but not the United States 1 27500 Check 0 Housing Fair market value Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 4 83500 Check 21120 Housing Fair market value Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. South Asia 1 3500 Check 0 Housing Fair market value Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. Sub-Saharan Africa 1 6250 Check 1160 Housing Fair market value Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. South America 1 8000 Check 1920 Housing Fair market value 1 0 1 1 1 0 Part I, Line 2: The fellowship recipients agree to inform the Dean of the Center of any significant changes in the focus or subject of the research project, in which case the recipient may be required to submit a revised research proposal for approval. The fellows in residence convene weekly to discuss their research as a group under the direction of the Dean and the two Associate Deans of the Center. These fellows also present their research during their term before a scholarly audience including other fellows and staff of the Center, members of the Gallery's curatorial and conservation staff, and faculty members and fellows of local research institutions and museums, all of whom provide comment and criticism on the presentation. Fellows not in residence are required to submit periodic written reports to the Center on the status of their research. These interim reports are presented at the annual meetings of the Center's Board of Advisors and are kept in the fellows' permanent files. Upon conclusion of the fellowship, each fellow is required to submit a written summary of the independent research accomplished while at the National Gallery. This written summary is published in the Center's annual report and is publicly available via the National Gallery's website. Reconciliation of Grants to Part IX Line 3: The National Gallery provided housing to certain fellows during the fiscal year. As the housing is provided at no cost to the fellows, there is no rental income or related expense recorded on the National Gallery's books of record. Therefore, only the cash grants reported on Schedule F are reflected on Part IX line 3, Grants and other assitance to forein individuals. 1 The George Washington University 2121 Eye Street NW Suite 240 Washington DC 20006 530196584 501(c)(3) 443758 0 To support a creative partnership with GWU per an 11-year agreement Anchorage Museum 625 C Street Anchorage AK 99501 926009317 501(c)(3) 10000 0 Across the Nation partner institution marketing grant Boise Art Museum Inc 670 Julia Davis Drive Boise ID 83702 820256187 501(c)(3) 10000 0 Across the Nation partner institution marketing grant Denver Art Museum 100 W 14th Ave Parkway Denver CO 80204 846038240 501(c)(3) 10000 0 Across the Nation partner institution marketing grant Figgie Art Museum 225 West 2nd Street Davenport IA 52801 426090398 501(c)(3) 10000 0 Across the Nation partner institution marketing grant Flint Institute of Art 1120 E Kearsley Street Flint MI 48503 381539984 501(c)(3) 12200 0 Across the Nation partner institution marketing grant Nevada Museum of Art 160 West Liberty Street Reno NV 89501 886003042 501(c)(3) 10000 0 Across the Nation partner institution marketing grant New Britain Museum of American Art Inc 56 Lexington St New Britain CT 06052 061422234 501(c)(3) 10000 0 Across the Nation partner institution marketing grant Mint Museum of Art Inc 2730 Randolph Road Charlotte NC 28207 560670666 501(c)(3) 10000 0 Accoss the Nation partner institution marketing grant Utah Museum of Contemporary Art 20 S West Temple Street Salt Lake City UT 84101 870221537 501(c)(3) 10000 0 Across the Nation partner institution marketing grant Whatcom Museum Foundation 121 Prospect Street Bellingham WA 98225 916174771 501(c)(3) 10000 0 Across the Nation partner institution marketing grant 11 11 Research fellowships awarded each fiscal year by the National Gallery's Center for Advanced Study in the Visual Arts. The fellowships are designed to promote scholarship in art and architecture. 52 747151 143240 Fair market value Housing provided to fellows Part I, Line 2: Schedule I Part II Grants and Other Assistance to Entities in the U.S. The grant to The George Washington University (GWU) is for programming costs to support the creative interdisciplinary innovation in the arts and design field. The National Gallery collaborates closely with GWU on all programming. A new program was created to loan works of art from the National Gallery's collection to certain small and mid-sized museums across the United States. The National Gallery disbursed grants to each partner museum to support regionally driven marketing efforts promoting local visitation. Written documentation on planned spending of grant funds was required from each partner. Schedule I Part III Grants and Other Assistance to Individuals In the U.S. The National Gallery's Center for Advanced Study in the Visual Arts grants full-time research fellowships to applicants based upon submittal of proposals for the fellowship positions. The proposals are reviewed by a rotating selection committee of the Center's Board of Advisors which is comprised of seven historians of art or related disciplines. The committee's appointment recommendations are forwarded to the Board of Trustees of the National Gallery of Art for final nomination. The fellowship recipients agree to inform the Dean of the Center of any significant changes in the focus or subject of the research project, in which case the recipient may be required to submit a revised research proposal for approval. The fellows in residence convene weekly to discuss their research as a group under the direction of the Dean and the two Associate Deans of the Center. These fellows also present their research during their term before a scholarly audience including other fellows and staff of the Center, members of the Gallery's curatorial and conservation staff, and faculty members and fellows of local research institutions and museums, all of whom provide comment and criticism on the presentation. Fellows not in residence are required to submit periodic written reports to the Center on the status of their research. These interim reports are presented at the annual meetings of the Center's Board of Advisors and are kept in the fellows' permanent files. Upon conclusion of the fellowship, each fellow is required to submit a written summary of the independent research accomplished while at the National Gallery. This written summary is published in the Center's annual report and is publicly available via the National Gallery's website. Reconciliation of Grants to Part IX Line 2: The National Gallery provided housing to certain fellows during the fiscal year. As the housing is provided at no cost to the fellows, there is no rental income or related expense recorded on the National Gallery's books of record. Therefore, only the cash grants reported on Schedule I are reflected on Part IX line 2, Grants and other assitance to individuals in the US. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Kaywin Feldman - Director 1047422 0 0 0 1009351 0 436465 0 23717 0 2516955 0 933333 0 William W McClure - Treasurer 605541 0 0 0 13006 0 167502 0 31049 0 817098 0 0 0 Eric Motley - Deputiy Director 582087 0 0 0 11392 0 150492 0 28715 0 772686 0 0 0 Steven Nelson - Dean CASVA 501787 0 0 0 9694 0 132457 0 15414 0 659352 0 0 0 Luis Baquedano - Secretary General Counsel 470990 0 0 0 13818 0 136513 0 31858 0 653179 0 0 0 Kate Haw-Collections Exhibitions & Programs Off 457618 0 0 0 7232 0 122034 0 9962 0 596846 0 0 0 Sean O'Connor - Chief Dev Officer (through 8/1/25) 453239 0 10000 0 0 0 100709 0 32890 0 596838 0 0 0 Laura Lott - Administrator (through 2/22/25) 433755 0 0 0 9236 0 117719 0 23748 0 584458 0 0 0 E Carmen Ramos-Curatorial Conservation Officer 419882 0 0 0 12160 0 122802 0 22047 0 576891 0 0 0 Franklin W Kelly - Senior Curator (through 3/22/25) 269374 0 8400 0 0 0 65298 0 25463 0 368535 0 0 0 Nicholas Sharp - Chief Digital Officer 271565 0 11500 0 0 0 59428 0 19957 0 362450 0 0 0 Christine Kelleher - Chief of Investments (through 12/13/24) 279469 0 10000 0 0 0 60774 0 3795 0 354038 0 0 0 Robert Stein - CIO 255029 0 11481 0 0 0 56435 0 23210 0 346155 0 0 0 Michele Nichols - Chief of Staff (through 7/26/25) 266910 0 10000 0 0 0 58077 0 10820 0 345807 0 0 0 Susan B Wertheim-Deputy Admin Capital Projects/Chief Arc 249644 0 8813 0 0 0 51231 0 26654 0 336342 0 0 0 Alan Dirican - Chief of Facilities Manage 232300 0 10000 0 0 0 47381 0 27305 0 316986 0 0 0 Genia Reaves - Chief of Protection Services 201018 0 8092 0 0 0 43219 0 425 0 252754 0 0 0 Part I, Line 1a During calendar year 2024 the National Gallery's Director traveled first class on two bona-fide business trips in accordance with the National Gallery's travel policy. The National Gallery maintains an accountable plan for travel reimbursements that meets IRS requirements; therefore no portion of the benefits was treated as taxable compensation to the Director. Part I, Line 4b Line 4b The National Gallery had in place a supplemental executive retirement plan benefit for the Director, Kaywin Feldman. The plan vested on April 1, 2024 after five years of employment. In accordance with the terms of the lan agreement the benefit of $1,000,000 was paid and included in the Director's reportable compensation for tax year 2024. This benefit was accrued annually over the five year period and reported in prior years as deferred compensation on Schedule J and Part VII. The National Gallery put in place a new supplemental executive retirement plan benefit for the Director, Kaywin Feldman. The plan vests on April 1, 2029 in the form of a lump sum payment, provided that all of the terms and conditions of the agreement are met, including that the Director is employed by the National Gallery as of the vesting date, or in the event that the National Gallery terminates her employment prior to such vesting, under certain circumstances, a pro-rated benefit will be paid. $200,000 was accrued under the benefit plan this year. X 697 See part II X 53 2035305 See part II X 1 55735033 See part II 39 0 1 0 Part I, Column (b): Line 1: The number of works of art consists of the number of objects gifted and acccessioned in FY 2025. Line 9: The number of gifts of securities consists of the number of gifts of individual stocks rather than the number of donors or number of shares of stock. Line 16: The number consists of the National Gallery's share of a building co-owned between the National Gallery and the Smithsonian Institute. Construction funds were transferred from the National Gallery to the Smithsonian Institute in prior years. The National Gallery's ownership took place during FY25 upon completion of constuction. Schedule M, Part I, Column (d) line 1 and line 33 The National Gallery's financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) under FASB ASC 958, Not-for-Profit Presentation of Financial Statements. The ASC 958-360 provides Property Plant Equipment standards used by the National Gallery to exclude the value of art from the statement of financial position. Therefore, any art objects donated to the National Gallery are not valued and not included in revenue. Schedule M, Part I, Column (d) line 9 Gifts of publicly traded securities are valued by averaging the high and low value as reflected on the appropriate exchange on the day of the donation. Form 990, Part VI, Section A, line 4 The National Gallery amended its bylaws with regard to age requirements. Form 990, Part VI, Section B, line 11b Copies of the National Gallery's 990 are presented to the members of the Audit and Risk Committee of the Board of Trustees for discussion and review. The Audit and Risk Committee consists of three General Trustees. The Audit and Risk Committee submits a copy of the 990 to the Board of Trustees which approves the 990 before the return is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The National Gallery regularly and consistently monitors and enforces compliance with its conflict of interest policy by requiring its executive officers, senior level employees, and other employees whose positions have been designated as including significant control or influence over the award of contracts, purchases of goods or services, investments or any other expenditures or commitments made by the National Gallery to review, complete, and sign an annual Ethics Declaration. The Ethics Declaration states that the officer or employee submitting the Declaration understands and has complied with the National Gallery's conflict of interest policy, will continue to comply with that policy, and will consult with the National Gallery's Ethics Officer if compliance questions arise. The Declaration further requires all declarants to disclose any economic interest or employment relationship that the declarant and his or her family members might have in any business or with any individual that is doing or negotiating to do business with the National Gallery. Executive officers and senior level employees further are required to disclose service on the boards of other organizations. Violation of a rule or restriction contained within the National Gallery's conflict of interest policy may constitute a crime under Federal laws and may also result in disciplinary action in addition to or in lieu of any penalty prescribed by law. Trustees, similarly, are required annually to review, complete, and sign the National Gallery's Ethical Guidelines for General Trustees, which addresses conflicts of interest of Trustees and/or members of their family. Form 990, Part VI, Section B, line 15 The goal of the National Gallery's executive compensation process is to attract and retain talented executive leadership through competitive compensation that is comparable to other museum organizations that are similar in scope and activities. The performance of the officers is reviewed annually and compensation is set by the Board of Trustees and documented contemporaneously. The National Gallery's Governance and Compensation Committee of the Board of Trustees retains an outside consultant every two years to survey the compensation of officers of other art museums and similar sized non-profits to evaluate the reasonableness of the officer's compensation. Form 990, Part VI, Section C, line 19 The National Gallery's financial statements are made available to the public on the its website at www.nga.gov. The National Gallery's governing documents and conflict of interest policy are provided to the public upon request. Form 990, Part IX, line 11g Architects: Program service expenses 1,581,255. Management and general expenses 218,104. Fundraising expenses 18,175. Total expenses 1,817,534. Other cost recoveries: Program service expenses 3,004,607. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,004,607. Other services: Program service expenses 12,268,787. Management and general expenses 2,595,705. Fundraising expenses 1,318,160. Total expenses 16,182,652. Repairs and maintenance: Program service expenses 2,829,611. Management and general expenses 329,489. Fundraising expenses 30,874. Total expenses 3,189,974. Security contractor: Program service expenses 6,909,086. Management and general expenses 952,977. Fundraising expenses 79,415. Total expenses 7,941,478. Form 990, Part XI, line 9: Change in value of split-interest agreements 661,187. Environmental liability change in value 4,582,452. Prior year grant reversing accrual 328,204. The Robert and Jane Meyerhoff Modern Art Foundation Inc 1025 Cranbrook Road Cockeysville MD 20130 522178882 Use of artwork to promote the public's appreciation of modern art MD 501(c)(3) Line 12c, III-FI National Gallery of Art 1 The Foundation for the Epstein Family Munch Collection 21 Dupont Circle NW Room 410 Washington DC 20036 311625097 Support of the National Gallery of Art DC 501(c)(3) Line 12c, III-FI N/A 0 FC Strategic Holdings Ltd Ogler Global Ltd 89 Nexus Way Camana Bay CJ KY1-9009 Investments CJ N/A C 17789274 111694909 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 FC Strategic Holdings Ltd S 5670200 Cash The Foundation for the Epstein Family Munch Collection C See Part VII Schedule R Part V Line 2(2)a Donated art to the National Gallery's collections are not valued.