Guild Hall of East Hampton Inc

“In conformity with the practice followed by many museums, art objects purchased or donated are not included as assets on the statement of financial position. The value of objects acquired as gifts is not reported as a contribution at the time of the gift. When works of art are either sold or purchased, the proceeds or costs are reflected as unrestricted revenue or expense in the statement of activities. Proceeds from the sale of works of art from the permanent collection, and any investment income derived from these proceeds, are designated by the board of trustees to be used solely for the purchase of artwork in the permanent collection. The art collection in the care of guild hall of east hampton, inc. Is housed in an offsite location. The collection is housed in a climate controlled art storage facility which is monitored for temperature and humidity. The collections are catalogued and maintained according to professional standards established and monitored by the american alliance of museums. The management of the collections is governed by policies of the board of trustees, which articulates the focus of the collections, their care and handling, insurance and conservation maintenance.”

“In east hampton, a tradition of artists in residence dated back to the 1870's. Works by early residents thomas moran and childe hassam are among guild hall museum's important acquisitions. In the 1960's, the collection began to focus on the many artists who have lived and worked in the eastern long island region, including some of the country's most celebrated painters, sculptors, photographers and graphic artists. By 1973 the museum received the distinction of being accredited by the american association of museums. Today, the holdings of 19th, 20th and 21st century art number some 2,400 objects which include paintings, sculpture, prints, watercolors, photographs and drawings by internationally renowned artists. The museum continues to acquire works by donation and acquisition. Guild hall is the cultural heart of the east end: a museum, performing arts, and education center, founded in 1931. We invite everyone to experience the endless possibilities of the arts: to open minds to what art can be; inspire creativity and conversation; and have fun. Guild hall of east hampton, inc.'s permanent collection is the core of its mission of collecting and exhibiting artists of our area.”

“Endowment funds the giuppy nantista fund: the income from this fund is to be used for the purpose of encouraging and developing artists. Hoie fund: the income from this fund is to be used for the general purposes of the museum. E. Warren and enez whipple purchase fund: the income from this fund is to be used for the purchase of work for the enez whipple print and drawing collection. The cullman endowment: endows in perpetuity the lewis b. Cullman education program. The income from this fund is to be used for the programs of the lewis b. Cullman education program. Straus endowment: the income from this fund is to be used for the cultural arts and education programming. Marcus endowment: the income from this fund is to be applied to high quality musical performances. Michael lynne museum endowment fund: the income from this fund is to be utilized for museum and museum programming.”