The Nelson Gallery Foundation

Schedule D, Part III, Line 1A

“TEXT OF NOTE TO FINANCIAL STATEMENTS- In conformity with accounting policies generally followed by art museums, the collections that were acquired through purchases by the Board of Trustees and contributions since the inception are not recognized as assets on the combined statements of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired or as decreases in temporarily or permanently restricted net assets if the assets used to purchase the items were restricted by donors. Contributed collection items are not reflected on the combined financial statements. Proceeds from deaccessions are reflected as increases in permanently restricted net assets. SCHEDULE D, PART III, LINE 4 COLLECTION- The Museums comprehensive permanent collection spans 5,000 years and numbers nearly 36,600 objects. The Asian art collection (9,914 objects) is among the finest in the world by virtue of its size, depth and overall level of quality. The outstanding ancient art collection numbers 864 objects, with masterpieces from ancient Mesopotamia, Egypt and the classical world. The decorative arts collection contains 5,454 works, with European and American holdings. The European art collection (845 objects), while not large, is of fine quality throughout. Some of the world-class masterpieces are works by Bernardo Daddi, Petrus Christus, Jan Gossaert, Lucas Cranach, Bronzino, Caravaggio, Nicolas Poussin, Francisco de Zurbaran, Gaetano Gandolfi, and Jean-Baptiste-Simeon Chardin. The 19th-century paintings include major Impressionist and Post-Impressionist works by Monet, Van Gogh, and Cezanne. The American art department includes 661 paintings, sculptures and drawings with superb portraits by Copley, Stuart, Sargent and Eakins and landscapes by major 18th and 19th-century painters such as Cole, Church, Heade and Kensett. The modern and contemporary art collection (1,110 objects) includes important works from the early 20th century to the present, among them works by Kandinsky, Juan Gris, Robert Rauschenberg, and Willem de Kooning. The American Indian art collection of 2,240 objects is particularly strong in southwest Navajo material, and continues to grow through a bequest of a diverse assortment of 129 objects, including Sioux, Nez Perce, Hopi, Zuni, Apache and Inuit objects. The African art holdings include 453 objects, and the Museum has made an institutional commitment to develop Kansas City as a significant center for the collection and study of African art. Among the most important African works of art are a 16th-century Memorial Head of an Oba from Benin and an Asante Stool. The works on paper (prints only) total 4,351 works, including excellent examples by Rembrandt and Poussin, among others. The breadth, depth, and quality of the Museums photography collection are matched by only a small group of the largest museums in the United States. The photography collection (10,775 photographs) provides a panoramic vision of its subject, American photography, from the invention of the medium in 1839 to the present. The Museum is also home of the 20-acre Donald J. Hall Sculpture Park which includes the largest collection of Henry Moore sculptures outside of England. Currently, 6.6% of the Museums collection is on display at any given time, with as much as 11% exhibited annually through collection rotation. Any work of art not on view is available for research, unless its condition precludes this use. In fiscal year 2014, the Museum lent 441 objects to 23 exhibitions. SCHEDULE D, PART V, LINE 1E From time to time, the Foundation receives additional information from donors that provides more specific direction or changes the donors' intentions regarding the use of gifts. During fiscal year 2014, the Foundation reclassified $1,357 out of endowment funds. This amount is included within the "other expenditures for facilities and program" line. SCHEDULE D, PART V, LINE 4 USE O”