Brandywine Conservancy & Museum of Art

“- One (1) conservation easement was amended to extinguish a Secondary Residential rite and relocate the Acceptable Residential Location. - One (1) conservation easement was amended to relocate an Acceptable Residential Location. An Agreement was recorded with condition that if residential structure is built in relocated ARL, a conservation easement will be granted on adjacent parcels owned by Grantor. - An Agreement was recorded for one (1) conservation easement to permit a residential structure to be demolished and to create an alternative Residential Site for the replacement residential structure.”

“Written policies are in place regarding monitoring, inspecting, responding to violations and enforcing conservation easements. Our easements all contain provisions granting us (i) right of access to the property for purposes of inspecting the easement, and (ii) the right to enforce the easement. - The Policy Regarding Easement Monitoring and Inspection sets forth detailed procedures for maintaining paper and electronic easement files; landowner and land use activity information, reviews, and communications; annual monitoring and property inspections; and inspection report and photo documentation maintenance and follow up. - The Policy Regarding Easement Violations sets forth detailed procedures regarding the identification, documentation, and classification of and responses to easement violations. It also designates staff member authorities and institutional decision processes for addressing violations.”

“The Organization does not record any amounts for land easements donated in connection with its environmental program. Purchases of land easements are expensed as incurred.”

“The financial statements exclude the value of collection objects owned through purchase or contribution. No determination has been made as to the aggregate valuation of such items. The Organization's Art and Research Center collections are held and maintained by the Brandywine Museum of Art for use in public exhibitions, educational programs and scholarly studies. The art collections are comprised almost entirely of American paintings, drawings, prints and sculptures with emphasis on the cultural traditions of the Museum's geographic region. The Research Center collections are maintained for scholarly purposes and are comprised primarily of books and periodicals related to American art. The collections are catalogued and maintained according to professionally accepted standards. Policies adopted by the trustees govern the acquisition, disposal, maintenance, insurance and use of the art collections.”

“The Organization's Art and Research Center collections are held and maintained by the Brandywine Museum of Art for use in public exhibitions, educational programs and scholarly studies. The art collections are comprised almost entirely of American paintings, drawings, prints and sculptures with emphasis on the cultural traditions of the Museum's geographic region. The Research Center collections are maintained for scholarly purposes and are comprised primarily of books and periodicals related to American art. The collections are catalogued and maintained according to professionally accepted standards. Policies adopted by the trustees govern the acquisition, disposal, maintenance, insurance and use of the art collections.”

“The Organization's endowment fund is designed to experience continued growth through additional capital infusions and returns from investments. The earnings from the investments should supplement the fundraising and other development activities to provide annual operating funds.”

“Operating endowment draw 4,029,220.”

“Realized loss 16,438,856. Investment Income 3,955,090. Flood relief contributions 9,945,740. Facilities reserve contributions 249,792. Easement acquisition receipts 72,882. Capital project contributions 3,986,783.”

“Easement & Collections Purchases 764,484. Interest expense 28,479. Other non-operating expenses 241,408. Property damage, net 83,010.”