New Art Trust

“Pamela p. Kramlich (chairman/director) and c. Richard kramlich (director/treasurer/cfo) have a spousal relationship.”

“If a vacancy is created by death, resignation, or removal of a family trustee, or an increase in the number of authorized family trustees, such vacancy may be filled by a trustee appointed by a written instrument signed by the remaining family trustees, if any, or by the family trustee serving when the vacancy was created, if there was only one family trustee when the vacancy was created, and in absence of such an instrument, the remaining trustees shall, by majority decision, appoint a trustee to fill such vacancy, and such trustee shall be, however appointed, to the extent possible, a blood relative of pamela p. Kramlich or c. Richard kramlich. If a vacancy is created by the death, resignation, or removal of a supported organization trustee, such vacancy shall be filled by the appointment of a new representative by the governing body, members of the governing body, or officers of the supported organization that originally appointed such trustee acting in their official capacity.”

“The organization's form 990 is reviewed by its president/ceo and/or by its chairman for factual accuracy before being filed. The organization's form 990 is also made available to the other members of its governing body for comment before being filed.”

“The chair of the board of directors and the president are responsible for the administration and enforcement of all aspects of the conflict of interest policy. The policy states that each board member, officer, and employee of new art trust shall be requested annually by new art trust to submit a disclosure statement listing all organizations with which he or she is affiliated and describe the nature of the affiliation. This and other requirements help the organization regularly and consistently monitor and enforce compliance with the policy.”

“No documents available to the public.”

“Neal benezra - sfmoma, 151 third street, san francisco, ca 94103. Glenn d. Lowry - moma, 11 west 53rd st., new york, ny 10019. Frances morris - tate, millbank, london, united kingdom sw1p 4rg.”

“Regarding compensation for frances morris (director); frances morris began her service as a board member in 2017. She is a british national who resides in the united kingdom and only receives compensation from tate, a related organization that is an executive non-departmental public body sponsored by the department for digital, culture, media and sport and an exempt charity defined by schedule 3 of the charities act of 2011, and which has full charitable status in the united kingdom. Accordingly, ms. Morris' compensation from the related organization is not "reportable" in the united states. Her compensation from the related organization was as follows: base compensation (in british pounds): 134,048 bonus compensation (in british pounds): 0 employee benefit plan contribution (in british pounds): 31,543”