2019 Annual Report

2019 Annual Report JULY 1, 2018–JUNE 30, 2019

Photo by J. Fusco for VISIT PHILADELPHIA

Contents 04

Welcome Letter

06

Museum Impact

07

Exhibitions

08

Museum Accessions

11

Publications & Lenders

12

Conservancy Impact

13

Preserves

14

Conservancy Outreach

15

Conservancy Partners

16

Trustees & Staff

18

Volunteers

20

Brandywine Heritage Society

21

Pacesetting Benefactors

21

Radnor Hunt Races Committee

22

Donors

26

Statement of Financial Position

27

Statement of Activities 3

FY 2019

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Dear Friends, Since the founding of the Brandywine Conservancy & Museum of Art we have benefited from a profound culture of philanthropy that has enabled our organization to grow and flourish. This support has created incredible opportunities for the Brandywine to fulfill its mission and has sustained some important projects and initiatives that have been decades in the making.

A highlight of the past fiscal year was the Conservancy’s acquisition of Birmingham Hill, a key piece of land that was at the epicenter of the Battle of Brandywine. This major achievement capped our 25-year effort to preserve and protect over 500 contiguous acres where the fiercest fighting occurred during this pivotal American Revolutionary War battle. The significance of conserving this land cannot be overstated. We were able to purchase the final 13-acre parcel thanks to new funders and the decades-long support of donors who were committed to our long-term vision and mission. With this historic site now protected forever, we are hard at work on a master plan to make this preserve publicly accessible as a keystone in our ongoing efforts to honor the legacy of the Battle of Brandywine.

We’ve also begun laying the groundwork for long-term strategies that will enable us to meet our ambitious goals. In order to create more sustainable sources of revenue for new projects and art exhibitions, we unveiled two fundraising efforts this past fiscal year. One of these initiatives was the launch of an Exhibitions Fund, which will ensure that the Museum’s dynamic exhibitions program remains fully funded. The Fund will be drawn down annually and used to support each fiscal year’s full slate of exhibitions, allowing us to continue presenting the world-class projects our community has come to expect. Ten donors gave generously to provide a great start to this new endeavor.

We also began a campaign for our Laurels Preserve to ensure this beautiful place has the appropriate funding needed not only for its day-to-day maintenance, but also for critical capital improvement projects. As the stewards of such a unique and beloved landscape, we understand the delicate balance between preservation and recreation. With the creation of the Laurels Campaign, we will be able to support much-needed upgrades at the Preserve and implement long-term goals that will protect and sustain this magnificent landscape now and in the future. We are grateful to the 33 donors who gave in the past fiscal year and look forward to providing an increased level of environmental stewardship thanks to this campaign.

4

ANNUAL REPORT

FY 2019

None of these projects would be possible without the unwavering generosity of dedicated donors, members and friends like you. Your contributions to special projects—like the Exhibitions Fund and the Laurels Campaign—and equally importantly, your unrestricted gifts to Brandywine’s essential general operations—make our work possible. Our future remains bright with you by our side.

Best regards,

Morris W. Stroud II

Virginia Logan

Chairman

The Frolic Weymouth

Board of Trustees

Executive Director and C.E.O.

From left to right, pictured with reenactors from the 1st Delaware Regiment at the Brandywine’s dedication ceremony on September 11, 2018: the Brandywine’s Thomas Padon, Morris Stroud, Virginia Logan, Ellen Ferretti, David Shields, and the Museum of the American Revolution’s Dr. R. Scott Stephenson.

5

Museum Impact 32,682

91,008

TOTAL VOLUNTEER HOURS

TOTAL MUSEUM VISITORS

27,810

10,285

TOTAL VISITORS TO THE BRANDYWINE’S CAMPUS TRAILS

VISITORS TO OUR THREE STUDIOS AND HISTORIC PROPERTIES

115 TOTAL PUBLIC PROGRAMS

6

33 LECTURES AND PRESENTATIONS

BY CURATORIAL AND EDUCATION STAFF

6,880

$115,811

PEOPLE SERVED BY 47 FAMILY PROGRAMS

IN CRITTER SALE REVENUE

ANNUAL REPORT

FY 2019

Exhibitions

Natural Wonders: The Sublime in Contemporary Art

Phyllis Mills Wyeth: A Celebration JANUARY 29–MAY 12, 2019

JUNE 23–OCTOBER 21, 2018

The Serious and the Smirk: Portraits from the Collection

American Beauty: Highlights From the Richard M. Scaife Bequest MARCH 9–MAY 27, 2019

JULY 14–OCTOBER 28, 2018

N. C. Wyeth: A Personal Perspective Holidays & Snowdays: Illustrations for Three Children's Books

MAY 25–SEPTEMBER 8, 2019

NOVEMBER 3, 2018–JANUARY 6, 2019

N. C. Wyeth: New Perspectives JUNE 22–SEPTEMBER 15, 2019

Winslow Homer: Photography and the Art of Painting NOVEMBER 16, 2018–FEBRUARY 17, 2019

Brandywine Christmas Annual Holiday Display Featuring Model Train Layout and Critters NOVEMBER 23, 2018–JANUARY 6, 2019 7

FY 2019

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Museum Accessions John Wolcott Adams (1874–1925) Boarding the Vessel, 1915 Ink on paper, 8 1/8 × 7 5/8" Gift of Mickey and Larry Magid, 2018 2018.7 Anna Mary Robertson ("Grandma") Moses (1860–1961) Sugaring Off, Maple, 1943 Oil on pressed wood, 19 7/8 × 23 15/16" Purchased with funds provided by Mr. and Mrs. Rodman Moorhead, 2018 2018.6 Rea N. Redifer (1933–2008) Tree, ca. 1995–1996 Watercolor on paper, 26 × 39 1/2" Gift of Andrea C. Kay, 2019 2019.2 William Trost Richards (1833–1905) Oldmixon, Chester County, Pennsylvania, 1886 Watercolor on paper, 10 × 15 1/2" Museum purchase with funds provided by Mr. and Mrs. Rodman Moorhead and Morris and Boo Stroud, 2019 2019.1

Frank E. Schoonover (1877–1972) Preliminary sketch for cover illustration of Yankee Ships in Pirate Waters, ca. 1931 Pencil on paper, 8 1/4 × 10 3/4" Gift of Joseph and Isabelle "Liz" Reilly, 2019 2019.4.1 Frank E. Schoonover (1877–1972) Preliminary sketch for Part I, The Pepper Pirates, ca. 1931 Pencil on paper, 8 5/16 × 6 7/16" Gift of Joseph and Isabelle "Liz" Reilly, 2019 2019.4.2 George A. Weymouth (1936–2016) Winter Landscape at "The Big Bend", 1971 Watercolor on paper, 14 3/4 × 22 3/4" Gift of Jane Wyeth in memory of Phyllis Wyeth, 2019 2019.5 Jamie Wyeth (b. 1946) Nureyev – Purple Scarf, 2001 Pencil, gouache and watercolor on toned rag board, 35 1/2 × 25 1/2" Bequest of Phyllis Mills Wyeth, 2019 2019.6 N. C. Wyeth (1882–1945) Our lives depended upon our helmsman, 1940 Oil on hardboard (Renaissance Panel), 30 × 20 1/2" Gift of Patricia Kerwin Herman in memory of Dr. Charles M. Kerwin, 2018 2018.8 N. C. Wyeth (1882–1945) Nightfall, 1945 Tempera on hardboard, 31 1/2 × 40" Bequest of Helen and John Kenefick, 2019 2019.3

DONATIONS TO THE WALTER & LEONORE ANNENBERG RESEARCH CENTER Donations to Special Collections: Archival materials, Joseph Boggs Beale Collection – Lantern Slide Artist.

Gift of Terry and Deborah Borton, 2019 Book, Done in the Open – Drawings by Frederic Remington, introduction and verses by Owen Wister (New York: P.F. Collier and Son), 1902 Gift of Laurie McBride in memory of George A. Weymouth, 2019 Book, The Stray, by Betsy James Wyeth, illustrated by Jamie Wyeth (New York: Farrar, Straus, Giroux, 1979). Signed and remarked (drawing of Den Den) by the artist, 2015 Gift of Mr. and Mrs. Stephen Dittman, 2018 Book, Toby Tyler or Ten Weeks with a Circus,

by James Otis, 1923. Inscribed, “Howard Pyle Brokaw, October 2nd, 1925, from Granny.”

Gift of James Schuyler and Frank Dellinger, 2019 Book set, Francis Parkman’s Works, deluxe edition (Boston: Little, Brown) 1897-1898.

Gift of the Estate of Howard Pyle Brokaw, 2018 Study by N. C. Wyeth, Portrait of Ann Reading, composition drawing with color notes, ca. 1930 Graphite on paper, 9 ¼ x 14 ½” Anonymous gift, 2018 Study by N. C. Wyeth, Untitled (Native American fishing), ca. 1903 Charcoal on paper, 21 ½ x 15 ¼” Anonymous gift, 2018 Study by N. C. Wyeth, Untitled (Still-life with jug and pitcher), undated Charcoal on paper, 20 x 15” Anonymous gift, 2018

8

ANNUAL REPORT

FY 2019

Images (clockwise from top): William Trost Richards, Oldmixon, Chester County, Pennsylvania, 1886.

N. C. Wyeth, Nightfall, 1945 Anna Mary Robertson ("Grandma") Moses, Sugaring Off, Maple, 1943. Copyright © 1973 (renewed 2001), Grandma Moses Properties Co., New York.

Page 8: Jamie Wyeth (b. 1946), Nureyev – Purple Scarf, 2001. © Jamie Wyeth / Artists Rights Society (ARS), New York

9

N. C. Wyeth, Our lives depended upon our helmsman (detail), 1940.

ANNUAL REPORT

FY 2019

Publications

All catalogues are available at brandywinemuseumshop.org.

Lenders Addison Gallery of American Art, Phillips Academy, Andover, MA Autry Museum of the American West, Los Angeles, CA Bank of America Collection Beth Krommes Bowdoin College Museum of Art, Brunswick, ME Buffalo Bill Center of the West, Cody, WY Claire Oliver Gallery Colby College Museum of Art, Oakland, ME Collection of the Farnsworth Art Museum, Rockland, ME Collection of WSFS Bank, Wilmington, DE Cooper-Hewitt, National Design Museum, Smithsonian Institution David Zwirner Gallery, New York Diane Thater Doris and Eric A. Kimmel Dustin Yellin Fine Art Museums of San Francisco Fine Arts Library, Harvard University, Cambridge, MA Frank and Susan Jackson Gallery Loupe Gladstone Gallery James Ransome Jennifer Trask John Zorn, New York Joslyn Art Museum, Omaha, NE Kathleen Vance Lauren Fensterstock

Linda L. Bean Mark Tribe Maryland State Archives, Annapolis, MD Matthew Trueman Maya Lin Studio, courtesy Pace Gallery, New York Memorial Art Gallery at the University of Rochester, Rochester, NY Minneapolis Institute of Art, Minneapolis, MN Mr. and Mrs. Douglas Allen Mr. and Mrs. Frank E. Fowler Mr. and Mrs. Nicholas Wyeth Mr. James Arsenault Museum of Fine Arts, Boston, MA New Britain Museum of American Art, New Britain, CT North Carolina Museum of Art, Raleigh, NC Patrick Jacobs Paul Kasmin Gallery, NYC Philadelphia Museum of Art Pierogi Gallery Portland Museum of Art, Portland, ME Reading Public Museum, Reading, PA Rockelmann & Ruperto, Miljohn & Ulrick Heltoft Smith College Museum of Art, Northampton, MA Smithsonian American Art Museum, Washington, D.C. Stark Museum of Art, Orange, TX Suzanne Anker The Andrew and Betsy Wyeth Collection The JPMorgan Chase Art Collection

The Metropolitan Museum of Art, New York The Phyllis and Jamie Wyeth Collection The University of Arizona Museum of Art, Tucson, AZ The West Collection, Oaks, PA Victoria L. Manning, Somerville Manning Gallery W. Bradford Willauer Wadsworth Atheneum Museum of Art, Hartford, CT Wells Fargo Bank, N.A. Westmoreland Museum of American Art, Greensburg, PA William I. Koch Collection Worcester Art Museum, Worcester, MA

11

Conservancy Impact Preserved

2,650

1,785

TREES PLANTED

ADDITIONAL ACRES OF LAND, CONTRIBUTING TO MORE THAN 66,600 TOTAL ACRES PROTECTED

Implemented

Acquired three additional easements, contributing to

59 BMPS ON 11 FARMS, TOTALING MORE THAN 16,900 FEET OF FRONTAGE ALONG THE BRANDYWINE AND OTHER WATERWAYS

12

882

10

STEWARDSHIP PROPERTY VISITS

CONSERVATION PLANS UPDATED

487 TOTAL EASEMENTS

Penguin Court grew

2,000 SEEDLINGS FOR THREE LOCAL PLANT SALES AND GREW 1,458 SEEDLINGS FOR BRANDYWINE’S ANNUAL MOTHER’S DAY NATIVE PLANT & SEED SALE

Preserves

21 educational programs and events hosted by Penguin Court with

9,739

985

VISITORS TO THE LAURELS PRESERVE

PARTICIPANTS

65

127

WILDLIFE MANAGEMENT VOLUNTEERS ASSISTED EFFORTS AT WATERLOO MILLS PRESERVE, LAURELS PRESERVE AND MILLER FARM

Penguin Court participated in over 15 educational outreach programs in the Laurel Highlands with more than

2,390

BIRD SPECIES OBSERVED AT SQUAREFIELD PRESERVE

13 PROJECTS HELD ON PRESERVE LANDS IN CONJUNCTION WITH EDUCATIONAL AND COMMUNITY ORGANIZATIONS

PARTICIPANTS

13

Conservancy Outreach 47 educational programs, events and trainings held with more than

2,194

496 REGISTERED RIDERS IN THE THIRD ANNUAL BIKE THE BRANDYWINE

PARTICIPANTS

The 89th Radnor Hunt Races raised nearly

22 MUNICIPALITIES ASSISTED

$200,000 FOR THE CONSERVANCY’S OPEN SPACE AND CLEAN WATER PROGRAMS, CONTRIBUTING TO MORE THAN $5.4 MILLION RAISED BY THE EVENT SINCE 1980.

4,814 PLANTS SOLD AT THE NATIVE PLANT SALE, CONTRIBUTING TO MORE THAN $52,000 RAISED FOR THE BRANDYWINE’S GARDEN PROGRAM

14

29 MUNICIPALITIES INVOLVED IN THE BRANDYWINE CREEK GREENWAY IN PENNSYLVANIA AND DELAWARE

ANNUAL REPORT

FY 2019

Conservancy Partners ORGANIZATIONS

William Penn Foundation Mt. Cuba Center Buck & Doe Trust Stroud Water Research Center Brandywine Red Clay Alliance Natural Lands The Nature Conservancy in Delaware University of Delaware Water Resources Center Land Trust Alliance Pennsylvania Land Trust Association The Academy of Natural Sciences Greater West Chester Sunrise Rotary Club Pennsylvania Horticultural Society Delaware Nature Society Delaware Center for Horticulture Delaware Section of the American Water Resources Association Partnership for the Delaware Estuary Delaware Division of the Nature Society Delaware Greenways Historic Brandywine Village, Inc. East Coast Greenways Delaware White Clay Wild and Scenic River Management Committee White Clay Watershed Association Elk Creek Watershed Association Octorara Watershed Association Pennsylvania Planning Association Delaware Valley Smart Growth Alliance Western Chester County Chamber of Commerce Longwood Gardens Green Valleys Association American Rivers Lancaster County Conservancy Chester County Historic Preservation Network Chadds Ford Historical Society French and Pickering Creeks Conservation Trust

Brandywine Battlefield Task Force Steering Committee Brandywine Valley National Scenic Byway Advisory Board American Battlefield Trust Willistown Conservation Trust Lancaster Farmland Trust S.A.V.E. The Land Conservancy of Southern Chester County Wilmington Trail Club Chester County Trail Club

FEDERAL GOVERNMENT

National Fish & Wildlife Foundation National Park Service Environmental Protection Agency National Oceanic and Atmospheric Administration Natural Resource Conservation Service

STATE GOVERNMENT

Pennsylvania Department of Environmental Protection Pennsylvania Department of Conservation and Natural Resources Pennsylvania Department of Community & Economic Development Delaware Department of Natural Resources and Environmental Control Pennsylvania Infrastructure Investment Authority Pennsylvania Department of Agriculture Pennsylvania Department of Transportation Pennsylvania Historical and Museum Commission

COUNTY/LOCAL GOVERNMENT

UNIVERSITIES/INSTITUTIONS

All of our County and Local Municipal partners in Southeastern, PA and New Castle County, DE, including, but not limited to: Chester County Solid Waste Authority Chester County Conservation District Chester County Planning Commission Chester County Department of Open Space Preservation Chester County Water Resources Authority Chester County Agricultural Land Preservation Board Delaware County Planning Commission Delaware County Conservation District New Castle County Planning Department Lancaster County Planning Commission Delaware Valley Regional Planning Commission City of Wilmington Planning Department City of Wilmington, DE Department of Public Works City of Newark Birmingham Township Chadds Ford Township Concord Township East Bradford Township Elk Township Highland Township Honey Brook Township London Grove Township Londonderry Township Newlin Township Oxford Borough Pennsbury Township West Bradford Township West Caln Township West Chester Borough West Nottingham Township Westtown Township

West Chester University Academy of Natural Science (Drexel) University of Pennsylvania School of Design Penn State University Cooperative Extension Service Temple University University of Delaware Water Resources Center University of Maryland Environmental Finance Center

SOUTHERN LAUREL HIGHLANDS PLANT AND PEST MANAGEMENT PARTNERSHIP

Carnegie Museum of Natural History’s Powdermill Nature Reserve Fayette County Conservation District National Park Service PA Department of Conservation and Natural Resources’ Bureau of Forestry PA Department of Conservation and Natural Resources’ Bureau of State Parks Pennsylvania Game Commission United States Department of Agriculture’s Bureau of Forestry Western Pennsylvania Conservancy

Water Purveyors Operating in the Conservancy’s Tri-County Focus Areas

15

FY 2019

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Trustees & Staff OFFICERS & TRUSTEES

Morris W. Stroud II Chair of the Board; Chair, Executive Committee; and

Mrs. John McBride Mrs. J. Maxwell Moran Alan P. Slack George Strawbridge Jr.

Chair, Development Committee

Mrs. Michael Matz Vice Chair of the Board and Chair, Museum Committee

Heather R. Evans Vice Chair of the Board

John W. Field Jr. Vice Chair of the Board

Jeffrey M. Nielsen Treasurer and Chair, Finance Committee

David Harrington Assistant Treasurer and Chair, Investment Committee

W. Donald Sparks II, Esquire Secretary

Jack M. Hines Jr. Chair, Conservancy Committee

Virginia A. Logan

Virginia A. Logan The Frolic Weymouth Executive Director and C.E.O.

Ellen Ferretti Director, Brandywine Conservancy

Thomas Padon The James H. Duff Director, Brandywine River Museum of Art

Wade Abnett Director of Facilities & Security

Donna M. Gormel Director of Volunteers & Events

Karl Malkin Chief Financial Officer

Kim Reynolds Director of Development

Andrew Stewart Director of Marketing & Communications

16

Associate Director of Development for

William Bean Maintenance

David A. Bennett* Guard

Don Scott Chamberlain Guard

Mark A. Davis Custodial Supervisor

Thomas J. DiAmicis Security Manager

Joseph DiSantis* Guard

Lynne Dorsey Administrative Assistant

Richard Dougherty* Guard

Sara Fry* Guard Horticultural Coordinator

Shawnna DiFilippo

Michael Greer

Executive Assistant

Maintenance

Kelsey Miller Board Liaison

Andrew Guthrie* Guard

Maurice Hamilton* DEVELOPMENT

Tawana King Database and Prospect Research Manager

Samantha Krejci Associate Director, Government and Foundation Relations

Kaitlin LeRoy Membership Manager

Martha Makanna* Assistant

Brooke Pitone* Gail Pitone* Membership Assistant

Suzanne Regnier Deputy Director for Individual & Planned Giving

Edward A. Lovell* Guard

Bruce Macoon* Guard

Laurie McCann* Guard

FACILITIES & SECURITY

Mark R. Gormel EXECUTIVE OFFICE

Radnor Races Assistant

Anson McC. Beard Jr. Mr. Peter D. Davenport Dr. Benjamin F. Hammond Honorable Harry G. Haskell Jr. Mrs. Mary Alice Malone

Kathleen Freney Smith

EXECUTIVE STAFF

Assistant Secretary (not a trustee)

HONORARY TRUSTEES

Grants Associate

Corporate Relations and Radnor Races

Executive Director & C.E.O. and

William T. R. Abbott Ann O. Ahl Linda L. Bean Romona Riscoe Benson Roberts Wyckoff Brokaw III Christopher F. Buccini Sophie Derrickson Margaret Duprey Charles Elson Wendell Fenton, Esquire Jane Brown Grimes Herbert V. Kohler Jr. Rodman W. Moorhead III John E. Osborn Susan Parker Claire Reid Christopher Ross Cuyler H. Walker McCoy du Pont Weymouth

Trent Rhodes

Guard

Traci Harkins* Guard

Carol Hartmann Guard

Richard Jones* Guard

Robert D. Kok*

William McCole Maintenance

Thomas J. McNamara* Guard

Norman Mitchell Jr.* Guard

Dwayne F. Morris* Guard

Norris Myers Maintenance Supervisor

Jerry Palmer* Guard

Douglas Poole* Guard

Matthew Reinart* Guard

Paul Reinart* Guard

Nora Sadler Gardener

Matthew D. Smith* Guard

Matthew R. Smith Guard/Supervisor

Vaughn Stadtmiller* Guard

Dreu Staker* Guard

Mark Taylor Guard

Cameron P. Truett* Guard

Don Wentzel Guard

Guard

Kenneth Lammey Maintenance

Martin Lefchuk Guard/Supervisor

Andrew Lolli Guard

Maria Lopez* Maintenance

Sonia Lopez* Maintenance

FINANCE & ADMINISTRATION

Sasha Kryst Accountant

Erick G. Marklund Manager of Information Technology

Constance Scholz* Administrative Assistant to the Director

Tom Wilt Controller

ANNUAL REPORT

VOLUNTEERS & EVENTS

Rebecca Bucci Private Events Coordinator

Mike Kline Executive Chef

Susan McCreadie* Volunteer Assistant

Maureen Sharaf Corporate Events

FY 2019

Caleb Meredith Preserve Steward

Jillian Pyle Easement Steward

Melissa Reckner Program Manager, Penguin Court

Sarah Sharp Assistant Planner, Municipal Assistance

David Shields Associate Director, Land Conservation

MARKETING & COMMUNICATIONS

John Theilacker

Tamanya Garza

David Warren

Marketing & Social Media Specialist

Associate Director, Municipal Assistance Property Manager, Penguin Court

Nicole Kindbeiter Communications Specialist

Joshua Schnapf Website Administrator & Multimedia Designer

BRANDYWINE RIVER MUSEUM OF ART

John Baxter* Visitor Services & Shop Sales Associate, Interpreter

BRANDYWINE CONSERVANCY

Stephanie Armpriester Senior Planner, Land Conservation

Susan Charkes Easement Steward

Robert Daniels Senior Planner, Municipal Assistance

Grant DeCosta Senior Planner, Land Conservation

Michael Denlinger GIS Manager

Graham Fitchko Land Steward, Penguin Court

Sheila Fleming Manager, Municipal Assistance

Grant Folin Laurels Preserve Manager

Kristen Frentzel Easement Manager

Kevin Fryberger Natural Resource Manager

John Goodall Senior Outreach Associate, Director, Laurels Preserve

Kimberly Gordon Associate Planner, Land Conservation

Kevin Guerrier Horticultural Manager, Penguin Court

Ryan Johnson Preserve Steward

Elissa Manuele Administrative Assistant

Meredith Mayer Associate Planner, Municipal Assistance

Kathleen McCaig Associate Planner, Municipal Assistance

Patty Bowers Visitor Services & Shop Sales Associate

Patty Boyd* Interpreter

Donna Hall* Visitor Services & Shop Sales Associate

Sara Hesdon Buehler Senior Registrar

Amanda C. Burdan Curator

Brittany Calhoun* Visitor Services & Shop Sales Associate

Louise Campbell* Visitor Services & Shop Sales Associate

Mary Cronin Dean of Education & Public Programs

Erin Cunningham* Maintenance Aide, Historic Properties

Liv Rothfuss Elicker* Adult Group Sales Coordinator

Carol Ellis* Curatorial Assistant

Bethany Engel Exhibitions Manager

Mary Nell Ferry* Interpreter

Joanne Goebel* Interpreter

Laurie Granville* Visitor Services & Shop Sales Associate

Paul Hoerner* Model Train Assistant

David Jensen* Assistant Coordinator of Model Trains

Cheryl Koblensky Manager of Visitor Services, Admissions & Retail

Audrey Lewis Curator

Jo Anne Lurquin* Interpreter

Liesl Mahoney Associate Educator, School & Family Programs

Emilio Maldonado* Assistant Preparator

Christina Morley* Visitor Services & Shop Sales Associate, Interpreter

Virginia H. O’Hara Manager, Walter & Leonore Annenberg Research Center

Christine B. Podmaniczky Curator, N. C. Wyeth Collections &

Nicole Seng* Visitor Services & Shop Sales Associate

Katia A. Setzer* Assistant Manager, Visitor Services, Admissions & Retail

Amanda Shields Associate Registrar

Christopher Stang* Visitor Services & Sales Operations Supervisor

Melody Subashi* Interpreter

Laura Westmoreland Associate Educator, Adult & Community Programs

Rena Winter* Interpreter

Elizabeth Withers Assistant Manager of Visitor Services, Admissions & Retail

Mike Zebert Visitor Services & Sales Operations Supervisor

Historic Properties

Mary Powers* Interpreter

*part-time employees

Stephen Ruszkowski Preparator

17

FY 2019

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Volunteers

Catherine Adder Bonnie Allen Margaret Allen Mary Ash Fran Atkinson Michael Babcock Caryl Baetjer Joanne Baker Peggy Ballew Pat Barone Ann Beal David Beehler Mary Benedetti Alan Benton Kitty Benton Kathy Bergmann Marcie Berke Robert Berke Reita Bewley Linda Biddle Ricki Biedrzycki Karen Blackburn Jane Blandy Donna Blaszkowski Mary Bleecker Maureen Bonnes Robert Borland Deborah Borton Patty Boyd Beth Boyle Valerie Bozzone Kathy Bracken Betty Ann Bradley Bob Brennan Celeste Brennan Dianne Bricker Gloria Brogan Steven Brooks Diann Brown Patricia Bruggeman Elizabeth Buckley John Buckley Jane Burgarella Milly Butler Nancy Byers Carol Cacciatore Peter Campbell Judith Camperlino

18

Diane Cannon Karen Carson Corey Case Rick Case Janice Castaldo Barbara Chambers Joanna Church Sue Clendenin Cheryl Coates Belinda Collins Patricia Connelly Mary Connors Lynn Cook Marsha Cope Wendy Cotton Janice Crawford Ken Crawford Mary-jane Crisman Joann Crowley Christine Curtiss Steve Cusano Karen Cuzzolino Deborah Daller Dianne Daller Marie D’Ambrosio Alison Dame Sarah Darlington Shirley St. Jean Davis Barbara Dawson Bonnie Decktor Karin DeGraw Anne DeNenno Doris Dengler Marilyn DePhillips Donalyn DeVoll Lynne Dewees Peter Dewees Heide Diefenderfer Betsy Dillon Jean Dorrian Kathy Dougherty Jerry Dowling Barbara Drennon Mamie Duff Margaret Dunbar Kim Eastburn Sally Edwards-Menn Katie Eells

Kathy Elliott Carol Ellis Jim Ellis Brad Englehart Lora Englehart Emily Farrell Rosemarie Fegley Brownell Ferry Mary Nell Ferry Norman Fienman Eileen Figueroa Dave Filano Olga Fischer Bobette Fisk Barbara Fitzgerald Dee Fitzpatrick Emily Fonda Connie Francis Linda Francis Ron Francis Mary Friedberg Debbie Gallagher Kathleen Gastinger Robert Gastinger Carla Gauger Deri Gawthrop Mickey Gerhard Charlotte Giblin Maralyn Gillespie Jay Gingrich Lynne Gingrich Nancy Glasser Kerry Glatts Maralee Glatz Joanne Goebel Alan Goodman Devara Goodman Anne Goodrum Joanne Gormel Susan Mantz Gotwals Thalia Goulis Denise Grabowski Doris Green Dorothy Grimes Colleen Gritt John Gritt Virginia Grof Ihnsouk Guim

Lauren Guldin Pat Hagan John Hale Mary Lou Hale Eleanor Hammond Valerie Harms Sally Harrison Ed Hastings Pat Haussmann Ellen Hawkins Kate Hayes Donna Heck Roland Heck Heinz A. Hegmann Kathleen Hildebrand Karen Hoess Ellen Hoffmann Barbara Holcroft Ed Holcroft Nancy Holmes Rick Holmes Beth Hopkin Beth Hopkins Marlene Houston Dorothy Huff Jane Hunt Harriett Imbierowicz Ellen Jackson Robert Jennings Lynne Jensen Nancy John Jane R. Johnson Lyn Johnson Maggie Johnson Rhoda Kapner Carla Katz Joyce Kaufmann Deb Kelley Christopher Kelly Pat Kelly Terry Kerns Tom Kerns Elizabeth Keys-Stanfield John Kile Susan Kile Jan Kirk Kristine Kish Mark Klinger

Gwenn Knapp JoAnn Knarr Joe Ann Knauss Loretta Knight Nonie Knight Susan Knight Marlene Knowles Patricia Koedding Jonathan Kooker Liz Korba Bev Kostek Maria Kotch Ruthie Kranz-Carl Mary R. Krug Rosita Krug Kristen Krugreinhard Carole Lamb Betsy Lazorik Mandy Learson Marilyn Lecher Bob Lee Debbie Lee Jessica Lee Marge Lennihan Frances Lewis-Pratt Helen Lightcap Laurie Lincoln Norman Lincoln David Linton Barbara Litt Susan Lowery-Hare Jo Lurquin Joseph Lurquin Lois Lynch Kendra Maas Hugh MacDonald Marguerite MacDonald Lisa MacMain Barbara Magness Martha Makanna Judy Mark Marcia Martin Stella Maser Joan McClintock Marie McClune Bette McConnell Jim McCormick Adrienne McDermott

ANNUAL REPORT

Pat McElreavey Joe McGinnis Arlene McGoldrick Dorothy McGovern Patricia McGrail Tom McGrail Cyd McGrath Connor McLaughlin Anne Meade John Meicht Sally Mellen Sallie Mentzer Marlene Merritt Dick Merryman Peg Merryman Anne Merson Linda Miller Edward Min Andi Mitnick Anne Morrell Bette Morrison Robert Moore Jane Moses Doris Neff Donald Nelson Donna Nelson Norma Nelson Anna Marie Newman Bob Newman Barbara Notemyer Virginia Nutt

Randy Nutter Mary O’Malley Don Orner Emelita Osmond Claire Overton Cynthia Overton Diane Packer Joseph Packer Monty Painter Barbara Palma Holly Parker Valerie Parry David Paulson Dianne Peich Maryeileen D. Perri Susan Phillips Carol Pilsbury Gail Pitone Linda Polishuk Mary Powers Ann Prieur Rick Prieur Marie Prisco Joan Prorock Marie Przywitowski Jacqueline Quigley-Lanphear Joseph Rach Diane Ramsey Marcia Randall Troy Ray

Terry Reagan Joseph Reilly Liz Reilly Lynn Riccetti Amy Richards Marilyn Rico Susan Ritter Nannette Robertson Linda Robin-Levine Charlotte Roede Jean Romano Rocco Romano Cindy Rominger Dave Rominger Lou Ross Burt Rothenberger Adam Samuel Sara Samuel Jack Scott Maggie Scott Marilyn Shale JoAnn Shestack Jackie Shuster Genie Silver Diana Simpkins Barbara Sipe Jan Slough Helen Smith Marilyn Smith Roberta Smith Helen Springer

FY 2019

John Springer Karen Stabley Stewart Stabley Karen Statz Sarah L. Staub Kathy Steckiel Amory Stedman Derek Stedman Bonnie Steele Barbara Stroud Betsy Strunk JoAnn Stutz Gary Summers Russell Terrey Stephen Terrey Nance Tieste Beverly Timson Jim Tischler Donna Tompkins Maryann Toner Nancy Townsend Alayne Tsigas Art Tsigas Ginger Tucker Dotti Turczyn Phyllis Twiss Sylvia Umbreit Mina Varney Rich Vogel Kathy Vukoder Muriel C. Connie Wagner

Cathy Wakefield Barbara Walsh Larry Walthall Susan Walthall George Wanta Diana Weaver Marie Welc Patricia Trent Wells Mary Werner Joanne Whelan Nancy Wilson Robert Wingert Dan Winicur Maria Wittig Hubert Wolf Ingrid Wolf Jackie Wood Sally Wood Tom Wood Lynn Woods Teddi Wright Michael Wylam Mary Yost James Young Janis Zane Maryann Zepp Eileen Zuckerman

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FY 2019

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Brandywine Heritage Society Founded in 1999, the Brandywine Heritage Society is dedicated to those very special individuals who have provided for the Brandywine Conservancy & Museum of Art in their estate plans or planned a future gift. Such gifts include bequests, charitable gift annuities, life income and lead trusts, gifts of life insurance and retirement accounts, and donations of a personal residence or farm with the retention of a life estate. Through their foresight and generosity, Brandywine Heritage Society members help ensure that vital works of art and irreplaceable land, water and historic resources will be preserved and shared with generations to come.

Anonymous Joanne Bauman Anson McC. Beard Jr. Jean Wyeth Bell Jan R. Birsch Matilda B. Bixby Mary L. Bleecker Dr. Arvid J. Bloom & Dr. Gretchen M. Lockwood Mr. Roger D. Braun Jane C. Burgarella Dr. Ann B. Catts Mrs. George P. Caulkins Jr. Diane L. Colgan, M.D. Ms. Ann H. Constant Mrs. Edward W. Cook Robert V. Crites, Esq. Kendra & Allan Daniel Mrs. Margaret M. Dean Mr. & Mrs. James H. Duff Henry B. du Pont IV Mr. & Mrs. Robert V. Duprey Dr. & Mrs. William L. Elkins Emily C. Farrell John & Elizabeth Fawcett Mr. & Mrs. Ralph Fegely Mr. & Mrs. John W. Field Jr. Mrs. Elizabeth H. Fleitas Marilyn G. Forney Mrs. Donald P. Garrett Mr. & Mrs. James H. Geiger Mrs. William F. Gillespie III Eugene Goebel Dr. James L. Goodwill Margot & Chuck Gupta Dick & Marcia Hall Thomas & Pamela Hall Benjamin F. Hammond Don & Louise Hannum Mr. & Mrs. William R. Hewton Jr. Mr. & Mrs. Jack M. Hines Jr. Samuel S. Hobbs

20

Mr. & Mrs. Philip J. Hoffman Kathleen Horan Dorothy S. Huff Mr. & Mrs. Richard Hughey William H. & Kay Iredale John James O. Aldon James Jr. Dr. Deidre A. Johnson Mr. & Mrs. Mark Juran Mr. & Mrs. Andrew I. Keay Natalie Weymouth Keenan George-Anne Kelly William M. Keyser James H. Keyte Dr. Suzanne Kloud, D.C. Karl J. Kuerner Rebecca G. LaGrange Richard & Carole Lamb Diana Rupert Livingston Mr. & Mrs. Joseph W. Lurquin Jr. Don & Peggy Lyons Mr. & Mrs. Hugh MacDonald Martha Makanna Willett & Jeannette Malone Mr. & Mrs. C. Gerard Manolovici Eileen S. Maroney Mrs. Michael Matz Anne & Albert Mayer Dale Louise McCarter Anna B. McCoy Gwynne G. McDevitt Patricia S. McElreavey Mr. & Mrs. Robert D. McNeil Mary Meese Mr. & Mrs. Donald C. Mell III Henry J. Miller Susan M. Minarchi Rebecca L. Mitchell Gary Montsdeoca, M.D. Mrs. J. Maxwell Moran Mr. Richard M. Morelli & Ms. Pamela J. Stephani

Mary Anne Carlson Morgan Christina Morley Mr. & Mrs. L. Michael Moskovis Virginia E. Musser Mr. & Mrs. Richard M. O'Donnell Jamie O’Rourke Mr. & Mrs. Joseph W. Packer Jr. Susan Bissell Parker Mrs. MaryEileen Perri Margaret E. Phillips Bud Plant Karen Poore Nestor & Daniel Nestor Howard Pyle Richard E. Rankin Mr. Francis H. Rasmus Jr. Claire Reid Rita E. Reves Suzanne F. Roberts Mr. & Mrs. Robert D. Rosenberg Miss Beatrix T. Rumford Dr. Mark Saracino Suzanne & Arthur Schless Mr. & Mrs. R. Scott Schroeder Nancy Schwab Mickey & Arlene Sego

Dr. Lawrence & Dr. Jean Shor Jan Siglin Mr. Alan P. Slack Brad & Ellie Smith Patricia P. Smith & Dr. John W. Paul Mr. & Mrs. W. Donald Sparks II Jim & Jocelyn Stewart Mr. George Strawbridge Jr. Mr. & Mrs. Morris W. Stroud Mrs. Dolores A. Swann Thelma L. Temple Mr. & Mrs. Daniel Valentik Dody Waugh Jack Wetzel Philip B. Weymouth III Mr. & Mrs. Timothy B. Weymouth Catherine T. Williams Carl A. Young REMEMBERING:

Mary Ruth Bassett Mrs. John C. Kenefick Mrs. John A. Pooley Mr. Richard L. Schwab Ted & Kathy Stokes

ANNUAL REPORT

FY 2019

Pacesetting Benefactors The Annenberg Foundation Antiques Show Volunteers Bank of America Ms. Linda L. Bean BNY Mellon Wealth Management Robert Bolling Anson McCook Beard Jr. Brandywine River Museum of Art Critter Makers Carroll M. Carpenter Carthage Foundation Julie Cawley Chichester duPont Foundation Gerret v. Copeland County of Chester Crystal Trust Scott Davenport Peter D. Davenport Davenport Family Foundation Stephen Doberstein John T. Dorrance Jr. Mr. & Mrs. Irenée du Pont Jr.

Francis I. du Pont Heather R. Evans William S. Farish William G. Gahagan Jim & Sue Geiger Good Samaritan Inc. John C. & Chara C. Haas Helen K. Groves The Honorable & Mrs. H.G. Haskell Jr. Patricia Hewitt Mr. & Mrs. Samuel C. Jones Robert J. Kleberg Jr. and Helen C. Kleberg Foundation Mr. & Mrs. Herbert V. Kohler Jr. Marguerite Lenfest Longwood Foundation MBNA Foundation Mary Alice Malone R.K. Mellon Family Foundation Henrietta Myers Miller Eleanor S. Maroney

Ernest N. May Richard P. Mellon Edwin V. Milbury Mr. & Mrs. Rodman W. Moorhead III Mrs. J. Maxwell Moran Mt. Cuba Center Inc. Susan Bissell Parker PA Department of Conservation and Natural Resources Pennsylvania Council on the Arts The Pew Charitable Trusts Radnor Hunt Race Committee Claire Reid Sophie Richardson Suzanne F. & Ralph J. Roberts Foundation Mr. & Mrs. Richard D. Sanford Six Plus, Inc. Sarah Scaife Foundation Mr. & Mrs. Richard M. Scaife Mr. & Mrs. Bayard Sharp Mr. & Mrs. George Strawbridge Jr.

Margaret Dorrance Strawbridge Foundation of Pennsylvania, I, Inc. Mr. & Mrs. E. Miles Valentine The Wyeth Foundation Tsunami Foundation Dody Waugh The Wilhelmina Laird Craven Charitable Lead Annuity Trust The William Penn Foundation The William Stamps Farish Fund Welfare Foundation George A. Weymouth Mr. & Mrs. G.T. Weymouth Mr. McCoy duPont Weymouth Mr. & Mrs. William R. Wister Jr. Mrs. Andrew Wyeth Mr. James Wyeth Wyeth Foundation for American Art Yaverland Foundation Young Friends of the Brandywine

Radnor Hunt Races Committee Francis H. Abbott Jr. C. Wayne Achuff Ms. Carol A. Atterbury* Ms. Elizabeth G. Atterbury* Mr. & Mrs. John Borzillo Mr. & Mrs. J. Jeffrey Bowden Steve Brown Barbara F. Buckman* Mr. Brice M. Clagett* Warren I. Claytor Mr. & Mrs. Bryan Colket* Henry Lafayette Collins III* Mr. & Mrs. Craig W. Cullen* Alexandra Cummin Ted Dougherty Winfield B. Dougherty Mrs. Robert V. Duprey* George Elser Adriana Falco Mr. & Mrs. Paul Gansky Mrs. Henry H. Giles Jr.* Mrs. John C. Gregory

Mr. & Mrs. Perry C. Gresh Carol Griffin* Mr. & Mrs. David L. Hain Mr. & Mrs. Nathaniel P. Hamilton Jr.* Mr. & Mrs. S. Matthews V. Hamilton Jr.* Mr. & Mrs. John Heaton Mr. & Mrs. George S. Hundt Jr. Mr. & Mrs. Wayne M. Hunt Mr. & Mrs. Don R. Jones Laura Kellogg William Keyser Virginia A. Logan Robert W. Matje Peggy Matje* Mrs. John B. McGowan Mr. & Mrs. Collin F. McNeil* Carolyn Milden Mrs. J. Maxwell Moran* Mr. & Mrs. Britton H. Murdoch Mrs. John J. Nesbitt III

Mr. & Mrs. Edgar R. Owen Jr.* Mrs. George J. Peckham Mary Ravenfeld Mrs. A. Lee Reeser Kimberly A. Reynolds Brian Rothberg Milica Schiavio Mrs. Richard Schwab Lynn Seeburger Eric Seestedt George Strawbridge Jr. Kathy Freney Smith Brett Strouss Mr. James Thompson* Mr. Richard H. Thompson Jr.* Donald Tyson David Vallin Mr. & Mrs. Robert B. Van Alen Mr. & Mrs. Richard L. Walkup Mr. & Mrs. Richard Warchol Catherine E. Ward* Mr. & Mrs. Mark C. Ward

Bruce M. Wenner Mrs. William R. Wister Jr.* Harvard C. Wood IV JUNIOR COMMITTEE

Tylee Abbott Louisa Bayard Brian Cawley Anna Coyne Alexandra King Kate Meschter Lamac Katherine D. McKenna Andrew Meschter Maria Metz Alessandra Nicolas Theodore B. Passyn James L. Rockafellow William W. Rockafellow Mr. & Mrs. Tom Royce Jason Stanley * Honorary Member

21

FY 2019

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Donors $250,000 AND ABOVE

American Battlefield Protection Program (ABPP) Chester County Commissioners' Office Mr. & Mrs. Herbert V. Kohler Jr. Longwood Foundation, Inc. Mr. & Mrs. Rodman W. Moorhead III The William Penn Foundation $100,000 AND ABOVE

Ms. Linda L. Bean Ms. Diana Bean Mr. & Mrs. William C. Buck Crystal Trust Davenport Family Foundation Good Samaritan, Inc. Estate of Ms. Loretta Leofsky Mr. & Mrs. George Strawbridge Jr. Mr. & Mrs. Morris W. Stroud II The Hamilton Family Foundation The Mr. & Mrs. Raymond J. Horowitz Foundation for the Arts, Inc. Tsunami Foundation— Anson and Debra Beard Jr. and Family Welfare Foundation, Inc. Yaverland Foundation $50,000 AND ABOVE

BNY Mellon Wealth Management City of Wilmington, Delaware National Fish & Wildlife Foundation PA Department of Conservation and Natural Resources PECO Pennsylvania Council on

22

the Arts, a state agency The Laffey-McHugh Foundation The Roemer Foundation Wyeth Foundation for American Art $25,000 AND ABOVE

American Rivers Mr. David T. Harrington Marmot Foundation Mrs. J. Maxwell Moran National Endowment for the Arts The Bellevue The Coby Foundation, LTD $10,000 AND ABOVE

Mr. & Mrs. Warren Adelson Berkshire Hathaway HomeServices Blue Yak Foundation Mr. Roger D. Braun Mr. & Mrs. Roberts W. Brokaw III Mr. & Mrs. Christopher F. Buccini Mrs. Brice M. Clagett Mr. Arthur H. Cleveland III Mr. & Mrs. Henry Lafayette Collins III Connelly Foundation Crestlea Foundation, Inc. Mr. & Mrs. Robert V. Duprey Fair Play Foundation Dr. & Mrs. John B. Fawcett First Cornerstone Foundation Mrs. Cina Forgason Mr. & Mrs. Frank E. Fowler Fox Rothschild LLP George Lucas Family Foundation Dr. Benjamin F. Hammond Keystone Property Group Mr. James W. Laird London Grove Township Mr. & Mrs. John Manning Mr. & Mrs. Michael R. Matz Mr. Peter Milliken Mr. & Mrs. Michael J. Moran

Cumulative giving 7/1/18 to 6/30/2019

Mr. & Mrs. Jeffrey M. Nielsen Northwestern MutualEastern Pennsylvania Mr. & Mrs. Edgar R. Owen Jr. Philadelphia Insurance Company Quaker City Foundation R.K. Mellon Family Foundation Rafferty Suburau Ms. Claire Reid Mr. Scott F. Richard and Ms. Mamie Duff Robert Lehman Foundation The Honorable Chris Ross and Ms. Cecilia Ross S & G Foundation Skyway International Inc. Mr. Alan P. Slack Mr. & Mrs. James W. Stewart III The Huisking Foundation, Inc. The Starrett Foundation The Tally Foundation The Vinton Family Foundation Mr. James Thompson Mr. Richard H. Thompson Jr. Mr. & Mrs. J. Robinson West Mr. & Mrs. John P. White Willowdale Town Center $5,000 AND ABOVE

Mr. & Mrs. Francis H. Abbott Jr. Academy of Music Young Friends Aqua America, Inc. Boenning & Scattergood, Inc. Bryn Mawr Trust Company Commonwealth of Pennsylvania Mr. & Mrs. Charles L. Copeland Mr. & Mrs. Michael H. Corbin

D & K Appliances, Inc. Mr. & Mrs. Lance Derrickson Mrs. F. Eugene Dixon Jr. Nor' Easter Foundation Ethel Sergeant Clark Smith Memorial Fund Mr. & Mrs. John W. Field Jr. Mr. & Mrs. Gregory F. Fields Mr. & Mrs. Charles Fleischmann Freedom Council of Valley Forge Freeman's Auction Furthermore Fund Mr. & Mrs. George Gillespie Mr. Henry C. Greenewalt GreenWatch Institute Mrs. Jane B. Grimes Mr. & Mrs. David L. Hain Mr. & Mrs. N. Peter Hamilton Mr. & Mrs. Douglas J. Hayes Herr Foods, Inc. Mr. & Mrs. William H. Iredale McCausland Keen & Buckman Monomoy Fund, Inc. Mr. & Mrs. Peter C. Morse Mountain Laurel Foundation Mrs. George M. Parker Saul Ewing Arnstein & Lehr LLP Mr. & Mrs. Jesse D. Saunders The Huston Foundation The LeFrak Trust Company The Matz Family Charitable Fund The Max and Victoria Dreyfus Foundation The McBride Family & Aspen Business Center Foundation TRION Abby Van Pelt & Jeff Silverman Mr. Steven Voudouris White and Williams LLP

Ms. Kathleen D. Wise WSFS Bank $1,000 AND ABOVE

Mr. & Mrs. William T. R. Abbott Mr. & Mrs. Wade Abnett Mr. & Mrs. J. Peter Ahl Mr. Angel Alvarez Mrs. Elizabeth C. Armour Mr. & Mrs. A. Joseph Armstrong III Mrs. Richard M. Armstrong Jr. Miss Gloria Austin Bank of America Easy Match Mr. Benjamin R. Barnett and Ms. Barbara A. Shaffer Dr. and Mrs. Max Barus Mr. Barak Bassman Mrs. Katrina Becker Berrywick Farm LLC Ms. Pamela C. Biddle & Mr. Joel E. Fishman Mrs. George P. Bissell Jr. Mrs. Joan Stroud Blaine Dr. & Mrs. Peter Blauner Mr. & Mrs. Wilson J. Braun Jr. Mr. Edward S. Brown & Ms. Susan M. Garber Mr. Henry I. Brown III Mr. Robert G. Brown Mr. & Mrs. D. Robert Buccini Dr. & Mrs. Robert C. Buck Mr. & Mrs. William C. Bullitt Mrs. Carroll M. Carpenter Caulkins Family Foundation Charities Aid Foundation of America Mr. & Mrs. Bryan D. Colket Community Foundation of the Alleghenies Dr. & Mrs. Thomas M. Connelly Jr. CRW Graphics Ms. Denise Day

ANNUAL REPORT

Mr. & Mrs. Calisle S. Dean Dean Foundation, Inc. Dr. Wendy L. Dixon & Mr. Jeff Itell Mr. & Mrs. Ford B. Draper Jr. Mr. Avery L. Draper Ms. A. Reeve Draper Ms. Phoebe A. Driscoll Mr. & Mrs. James H. Duff Mr. & Mrs. Paul Ehrlichman Dr. and Mrs. William L. Elkins Ellason Downs Perpetual Charitable Trust Richard and Kim Facciolo Mr. & Mrs. Wendell Fenton Mr. & Mrs. Jack Fischer Dr. & Mrs. John R.S. Fisher Drs. Rush and Phoebe Fisher Forney Family Foundation Ms. Barbara L. Forslund Mrs. Nancy G. Frederick Mr. & Mrs. William G. Gahagan Mr. & Mrs. James Geiger Ms. Gail Gittleson Mr. Steven C. Graham and Mrs. Christina Morin Graham Mr. & Mrs. John C. Gregory Jr. Mrs. W. Perry Gresh Mr. Richard S. Gross

Mrs. Helen K. Groves Laura Beth Gutnick, Esq. Mr. & Mrs. Richard A. Hall Mr. & Mrs. Howard Harris Mrs. Penelope P. Harris Mrs. Sarah Schutt Harrison Hon. H.G. Haskell Jr. Herbert and Gertrude Halverstadt Foundation Mr. & Mrs. Jack M. Hines Jr. Mr. & Mrs. Timothy Houseal Mr. & Mrs. Joseph F. Huber Mr. & Mrs. Steven B. Hutton Mr. & Mrs. Michael Hynansky Mr. & Mrs. Joseph W. Janssen Jr. Mr. & Mrs. Eric M. Jensen Mrs. Anna John Robert F. Johnston & Susan F. Johnston Mrs. Richard I.G. Jones Mr. Daniel P. Katzin and Ms. Susan Hanft Ms. Sherry D. Kerstetter Mr. & Mrs. Wilson R. King L.L. Bean Inc. Mr. William O. LaMotte III Mr. & Mrs. Mark H. Landon Mr. & Mrs. J. Christopher Lang Mr. Frederick Lapham III Mr. & Mrs. Daniel C. Lickle Live Oak Foundation Ms. Diana R. Livingston

Mr. Robert Lockyer Ms. Elizabeth A. Logan Ms. Virginia Logan Mr. & Mrs. Hugh MacDonald Mrs. Joan W. Mackie Mr. & Mrs. Ian A. MacKinnon Melanie Mangos Mr. & Mrs. Douglas P. Marshall Mr. & Mrs. William J. Martin, Esq. Anna B. McCoy & C. Patrick Mundy Ms. Dale L. McCarter Mrs. Mary Lee McCoy Mrs. Gwynne G. McDevitt John and Amy McKenna Mr. & Mrs. Robert L. McNeil III Ms. Linda McVicker MDM, LLC Mr. John Medveckis Mr. & Mrs. Richard P. Mellon Mr. David Michaelis Mr. & Mrs. Keith Mock Mr. & Mrs. James O. Moore Mr. Keith W. Moore & Dr. Suzanne K. Moore Mr. & Mrs. Rodman Moorhead IV Mr. & Mrs. Peter C. Morse Dr. & Mrs. John T. Moss Mr. & Mrs. John J. Nesbitt III Dr. John Newton &

FY 2019

Ms. Deborah Buhrman Ms. Shiva Noorchashm Mrs. Jacqueline L. Ohrstrom Mr. & Mrs. John E. Osborn Mr. Thomas Padon & Mr. James Melancon Patagonia Pennsylvania Horticultural Society Mr. & Mrs. Frank Polizzi Jr. Mr. & Mrs. David S. Poston Mr. & Mrs. Robert Quinn Dr. Donald E. Red Mr. Paul Redman & Mr. Dean Berlon Rencourt Foundation, Inc. Joe & Kim Reynolds Reynolds Rencourt Foundation, Inc. Mr. & Mrs. Christopher Rizzo Mr. & Mrs. Leo J. Rocca Jr. Mr. & Mrs. Thomas D. Roosevelt Mr. & Mrs. Andrew C. Rose Ms. Margot Rowley & Mr. C.R. Gupta Mr. & Mrs. Charles Rudershausen Mr. & Mrs. Christopher A. Sailer Mr. & Mrs. Anthony Schaeffer Mr. & Mrs. Scott F. Schumacker Mr. Charles P. Schutt Jr. Mrs. Evelyn Price Scott

Ms. Jennifer Seaver Mr. & Mrs. H. Rodney Sharp III Ms. Janet Sidewater Mr. & Mrs. Samuel Slater Ms. & Mr. Elizabeth B. Somers Mr. & Mrs. W. Donald Sparks II Mrs. Margaretta K. Stabler Dr. Barbara K. Stewart & Dr. Richard T. Brown Ms. Anne Stroud Mr. & Mrs. Joel D. Sugg Dr. Matthew Templeton & Ms. Jessica Roy Mr. David A. Thalmann The Back Burner The Barker Welfare Foundation The Frelinghuysen Foundation The Whip Tavern Mr. & Mrs. Terrence A. Tobias Trail Creek Outfitters Tudor Oaks Farm Mr. Mark A. Turner & Dr. Regina M. Turner van Beuren Charitable Foundation Mr. & Mrs. Richard A. Vermeil Ms. Louise L. Vinton Mr. Cuyler H. Walker, Esq. Wall & Walsh, Inc.

23

FY 2019

The Honorable Robert S. Weiner Westminster Presbyterian Church Mr. Jack Wetzel Mr. Eugene duPont Weymouth Jr. Mr. McCoy Weymouth Mrs. Betty Shaw Weymouth Mr. & Mrs. Robert A. Woods Mr. & Mrs. William P. Worth III Ms. Teddi Wright Mr. & Mrs. Hugh J. Zimmer $250 AND ABOVE

Mr. & Mrs. Robert F. Abbott Mr. C. Wayne Achuff Jr. Ms. Jacquelyn Achuff Mrs. Joan F. Appleby Mr. & Mrs. Kip Armstrong Mr. & Mrs. Marshall E. Baker Ms. Frances Baker and Mr. Wayne Baker Ms. Jo Ann Ball Mr. Jonathan Barber Jocelyn Barton Mr. Joseph H. Battin Ms. Joanne Bauman Mrs. Frances G. Bayard Dr. Jill Beech Patricia Lee Beitel & David Reed Hawk Ms. Angela M. Benjamin Mr. Peter A. Benoliel & Ms. Willo Carey Berks Products Foundation Mr. & Mrs. Richard Betzendahl Reita D. Bewley Mr. John W. Bieber & Ms. Priscilla Johnson Mr. & Mrs. F. Robert Bielski Mr. Philip Bini & Mr. Kelly Flartey Ms. Jan R. Birsch Mr. & Mrs. James C. Borel Mr. & Mrs. Thomas J. Borrell Ms. Nancy L. Botella Mr. & Mrs. Stuart Brahs Brandywine River Hotel Brandywine Valley Bed & Breakfast Association, Inc. Brandywine Valley Heating & AC, Inc. Miss Patricia Branum Ms. Melissa Brenneman Briggs Auction Inc. Brill's Antiques Mr. Daniel Brody & Ms. Kerin Hearn Mr. & Mrs. W. Thacher

24

BRANDYWINE CONSERVANCY & MUSEUM OF ART

Brown Mr. & Mrs. Scott Bruce Mr. & Mrs. Michael Bucklin Mrs. Susan S. Burchenal Mr. David T. Busby Mr. & Mrs. Ross L. Campbell Mrs. Janet A. Campbell Ms. Anne Carlino Carousel Toyota Dr. & Mrs. Charles G. Carson III Mrs. Karen Carson Dr. Ann B. Catts Mr. Thomas Cavanaugh CCRES Chadds Ford Tree Service Mr. & Mrs. James P. Chandler Mr. & Mrs. Charlie Chase Mr. & Mrs. Marshall J. Chick Mr. Peter W. Chillingworth Dr. Jolley Christman Christopher Clark Mr. & Mrs. Michael O. Clark Alison & Mike Clements Mr. & Mrs. John Clough Dr. J.M. Rubin and Mr. A.R. Cohen Mr. & Mrs. Robert C. Cole Jr. Mr. & Mrs. Ronald Congemi Mrs. Edward W. Cooch Jr. Ms. Diane P. Cook Mr. Dan Coppens Mrs. Theodora Corroon County Propane Co. LLC Mr. & Mrs. Neil H. Cullen Mr. & Mrs. Eugene M. Dambro Mrs. Maude de Schauensee Ms. Jo Anne C. Debes Debra Force Fine Art Mr. & Mrs. Glenn DeHaven Mr. & Mrs. Thomas Dempsey Mrs. Rebecca C. Desmond Mr. & Mrs. Robert M. DiFilippo Mr. & Mrs. Anthony J. DiFrancesco Jr. Mrs. Betsy Dillon Ms. Judith R. Ditz & Ms. Anita Ditz Ms. Sandra Dooley & Mr. John Dooley Mr. Edmond R. du Pont & Ms. Clover Nicholas Ms. Elisabeth Duffy Mr. & Mrs. Lawrence A. Dunbar Dr. and Mrs. McIver Edward John and Carol Eells

Mr. & Mrs. Thomas M. Elder Mr. G. H. Elser & Ms. Angela Scully Mr. & Mrs. David J. Erskine Heather Richards Evans Mr. & Mrs. John F. Evans Mr. & Mrs. Thomas B. Evans Jr. ExxonMobil Foundation Ms. Caroline Farr Mr. & Mrs. K. Nelson Farris Mr. & Mrs. Robert Felter Ms. Ellen M. Ferretti Dr. and Mrs. Norman L. Fienman Mr. & Mrs. Samuel V. Filoromo Mr. Seth Fisher Mr. & Mrs. Peter H. Flint Mr. & Mrs. Robert Forsythe Dr. Mark Fortunato Kim Fortunato Mr. & Mrs. Sandro Francani Mr. & Mrs. Dale H. Frens Mr. & Mrs. Robert H. Frick Mr. & Mrs. John Fridy Mr. & Mrs. Nicholas J. Fuller Mr. & Mrs. W. Whitfield Gardner Mr. John P. Garniewski and Ms. Michele L. Ahwash Ms. Leslie Gaske Mr. & Mrs. James N. Gawthrop Mrs. Elizabeth H. Gemmill Ms. Deborah Gibbons-Neff Mr. Len Gold Griffiths Construction, Inc. Ms. Leslie Grissom and Mr. William Poteau Ms. Sandra Guggenberger and Mr. John Yannacone Mr. & Mrs. James Gula Mr. & Mrs. Peter Haabestad Mr. & Mrs. John C. Hale Mr. & Mrs. G. Bernard Hamilton Mr. & Mrs. Frederic C. Hamilton Jr. Mr. John G. Harkins Jr. Mr. & Mrs. John Harper Mr. William R. Hartman Mrs. André Harvey Mr. & Mrs. Nathan Hayward III Mr. & Mrs. Robert B. Hayward Jr. Mr. & Mrs. Roland Heck Mr. Thomas S. Heckman and Ms. Mary Jo Ashenfelter

Ms. Karen M. Heebner & Ms. Gail A. Graham Ms. Louise B. Hemmingsen Mr. & Mrs. Christopher M. Henderson Mr. Louis G. Hering and Ms. Lisa Gannon Hill's Quality Seafood Market, Inc. Historic Kennett Square Mr. & Mrs. John W. Hlywak Jr. Mr. & Mrs. Thomas J. Hoey Mr. & Mrs. Michael Hogan Ms. Beth Holstein and Mr. Richard Holstein Hotel Warner Mrs. Dorothy S. Huff Mr. & Mrs. Gordon T. Hughes Mr. & Mrs. Richard Hughey Marybeth Hurley Mr. & Mrs. Joseph H. Huston Jr. Mrs. Priscilla H. Huston Mr. & Mrs. L. Stockton Illoway Mr. & Mrs. J. William Inslee Mr. & Mrs. John R. Jackson Mr. & Mrs. Robert P. Jansen Mr. & Mrs. Joseph W. Janssen Jr. Ms. Paula S. Janssen Janssen's Market Ms. Pamela J. Jensen Ms. Janice V. Jessup John Milner Architects, Inc. Dr. Deidre A. Johnson Dr. Janet K. Johnston Ms. Diane E. Johnston Mr. & Mrs. Russell B. Jones Jr. Mr. William T. Josem & Ms. Nancy Adler Joseph Frederick & Sons Mr. & Mrs. John Kantzes Mr. & Mrs. C. Erik Karlsson Mr. & Mrs. Morris C. Kellett Mr. & Mrs. William B. Kelly Mr. Stephen P. Kelly & Ms. Devon Kelly Kendal Crosslands Mr. & Mrs. Ernest Kimmel Mr. & Mrs. Michael King Mr. Richard Kipp & Ms. Darcy Allen The Rev Dr. Richard & Mrs. Janice Kirk Mr. & Mrs. Donald H. Kirkland Jr. Dr. Laurence Klugman & Ms. Bonnie Stone Mr. & Mrs. Roger W. Lacy

Gregory & Stephanie Ladner Mr. & Mrs. Cary A. Lambert Mrs. Jean Langdon Mr. & Mrs. Henry A. Laughlin Mr. & Mrs. William T. Lawrence Leader Sunoco Service Mrs. Edward B. Leisenring Jr. Ms. Cathy Lowe Mr. & Mrs. Robert v.d. Luft Mr. William Luginbuhl & Ms. Erica Turner Mr. & Mrs. Joseph W. Lurquin Jr. Main Line Health Fitness & Wellness Center Mr. & Mrs. Karl Malkin Mrs. Mary Alice Malone Ms. Susan Manners and Ms. Elizabeth Evans Terrell and Melissa Mannion Jr. Ms. Mary Marines Mr. & Mrs. Jack Markell Mr. & Mrs. Whitney M. Maroney Ms. Victoria B. Mars and Mr. David R. Spina Mrs. Ellen Marsden Mr. & Mrs. William J. Martin Mr. George W. Martin Mr. & Mrs. Doug Martinides Mr. Eric Matuszak Mr. & Mrs. Albert L. Mayer Jr. Ms. M. Patricia McCallPaquin McComsey Builders Mr. & Mrs. C.B. McCoy Jr. Mr. & Mrs. Robert C. McCoy Mrs. Diana L. McCulloch Mr. & Mrs. Michael P. McDonough Mr. & Mrs. Bill McNett Mr. & Mrs. Donald C. Mell III Dr. & Mrs. Randall M. Miller Mr. & Mrs. Dale Miller Dr. & Mrs. David Mishalove Barb & Monty Montague Mr. & Mrs. Joseph G. Moser Mr. & Mrs. Walter Murray Ms. Virginia E. Musser Mr. & Mrs. Mark B. Myers Mr. Douglas W. Myers & Mrs. Kimberlee Brosnan-Myers Mr. & Mrs. Russell R. Naylor Mr. Paul Nemeth

ANNUAL REPORT

Nemours Mr. Holger Nissen & Ms. Sarah W. French Octoraro Native Plant Nursery, Inc. Mrs. Nancy Olson Mr. James F. O'Rourke Mr. & Mrs. Joseph W. Packer Jr. Dr. Judith M. K. Paisley and Mr. Marvin Paisley Mr. & Mrs. W. Duncan Patterson Jr. Mr. & Mrs. Robert McCracken Peck Penn Medicine Pennsylvania Trust Peter Zimmerman Architects Mr. & Mrs. Joseph C. Petrille Pfizer Inc. Mr. & Mrs. Blaine T. Phillips Mr. Richard A. Phillips Jr. Mr. Leo W. Pierce & Mrs. Eve Bullitt-Pierce Mrs. Gail L. Pitone Mrs. Gweneth J. Platt Mr. & Mrs. Charles A. Potter Mrs. Caroline duPont Prickett Progressive Insurance Mr. & Mrs. Thomas Quinn Mr. & Mrs. John C. Razze Mr. & Mrs. Philip S. Reese Suzanne M. Regnier & Greg Papiernik Dr. & Mrs. Frank K. Reilly Mr. & Mrs. Pat Reilly Renewal Dynamics Mrs. Rita E. Reves Mr. & Mrs. John Riabov Mr. & Mrs. Leonard Rico Mrs. Barbara C. Riegel Mr. & Mrs. Christopher A. Rizzuto Mr. & Mrs. Edwin G. Robb Mr. & Mrs. William E. Roberson Mr. William H. Robinson & Ms. Judith Neher Ms. Susan M. Robinson Mr. & Mrs. William G. Roe Mr. & Mrs. David Rominger Dr. & Mrs. Donald J. Rosato Mrs. Julia Rudden Mr. Ernest F. Ruppe Ryerss Farm for Aged Equines Salem Co. Historical Society Ms. Christine E. Schafer Schagrin Gas Co. Mr. Richard Schlosberg Mr. & Mrs. Scott Schroeder

Mr. & Mrs. C. Porter Schutt III Mr. & Mrs. H. Rodney Scott Mr. Edgar Scott Jr. Mrs. Beth E. Sears Mickey & Arlene Sego Mr. & Mrs. John Serock Ms. Kathryn Sharp & Mr. Justin Nicholson Ms. Sally Sharp William M. Shea & Marty Kromer Miss Pinakini Shivde Mr. & Mrs. Robert Shock Dr. Lawrence Shor & Dr. Jean Shor Mr. & Mrs. Paul Sidlick Ms. Jan Siglin Mr. John Silverthorne Skinner Auctioneers & Appraisers Mr. & Mrs. Donald Slesinski Mr. Robert L. Sloan Ms. Jan Slough Mr. James Smigie & Ms. Katherine S. Ward Mr. David S. Smith & Ms. Suzanne Zeleznik Mr. & Mrs. Conrad Somers Mr. Lewis Somers & Ms. Christine Sweeney Somerville Manning Gallery Jane M. Spangler Special Occasions Dr. & Mrs. Joseph M. Steed Mr. Andrew Stewart Mr. & Mrs. Peter T. Strickler Terry A. & Sandy S. Strine Mr. & Mrs. Philip A. Sullivan Mr. & Mrs. Richard L. Sutton Mr. Garrett Szczarba Mr. & Mrs. Stuart A. Taylor Mr. Gregory F. Taylor & Ms. Liza C. Mendoza Taylor Oil & Propane, Inc. Ms. Gail E. Tefft Mr. & Mrs. Peter Temple The Civic Association of Chadds Ford Township The Lorelton Mrs. Susan R. Theiss Mr. & Mrs. Harry F. Themal Mr. R. W. Thomas Mr. & Mrs. George M. Thorpe Mr. & Mrs. Michael V. Tinari Dr. James Tischler and Mrs. Pilar Tischler Ms. Susan B. Trahan Mr. & Mrs. Vincent Trosino Mr. & Mrs. Michael E. Tyler Mr. & Mrs. C. Richard Ulrich

Upland Country Day School Mr. & Mrs. Daniel Valentik Mr. & Mrs. James L. Van Alen II Vanguard Charitable Hon. and Mrs. E. Norman Veasey Mr. & Mrs. Robert I. Veghte Mr. John Vernon and Mrs. Jacqueline Leahy Mr. & Mrs. James Vinton Mr. & Mrs. Samuel Wagner Mr. & Mrs. David D. Wakefield Jr. Wakefield Family Fund Ms. Sarah E. Walter and Mr. Alfred P. West Ms. Carol Elizabeth Ware Washburn Family Foundation Mr. & Mrs. Thomas Watkins Mrs. Anne D. Wattman Mr. & Mrs. Benjamin Webb Mr. & Mrs. Richard Wein Mrs. Patricia Trent Wells West Chester Friends School Carla and Richard Westerman Weymouth, Swayze & Corroon Ins., Inc. Mr. & Mrs. Calhoun Wick

FY 2019

Dr. & Mrs. Robert Wicks Mr. & Mrs. Justin H. Wiley William H. Bunch Auctions & Appraisals Mr. Wayne Wilson Mr. Bob Wingert & Ms. Deborah Lee Mr. & Mrs. George F. Wintersteen Mr. Frederick L. Wood Mr. Norris P. Wright & Ms. Melissa Wright Ms. Lida A. Wright Mr. & Mrs. N. Convers Wyeth Mrs. Andrew Wyeth Ms. Katharine Yeager Mr. Walter Yetter & Ms. Carol Yetter Mr. Carlos Ziegler & Mrs. Elizabeth Hasson Mr. & Mrs. Peter H. Zimmerman Ms. Lorraine C. Zwycewicz GIFTS IN KIND

Bloomingdale’s Brandywine Bikes County Lines Magazine Diamond Chemical and Supply Company Guardians of Brandywine Great Atlantic Graphics, Inc.

Herr Foods Inc. Highlands Orchards Honey Stinger Keep PA Beautiful Kimberton Whole Foods Mid-Atlantic Horse Magazine Penns Woods Winery Republic Services Road ID Starbucks Coffee The Whip Tavern Trek Bicycles Fenceworks Orpheus Mounted Color Guard of the First City Troop Philadelphia City Calvary Peace Products Rajant Today Media: Delaware Today, The Hunt, Main Line Today Weeds, Inc. Victory Brewing Company Wawa Markets Wegmans Western Chester County Chamber of Commerce Wyebrook Farm Viva Vino

25

Brandywine Conservancy & Museum of Art

STATEMENT OF FINANCIAL POSITION June 30, 2019 ASSETS Cash and cash equivalents

$ 3,609,358

Short-term investments

346,666

Accounts receivable, net

229,600

Pledges receivable, current portion Inventories Prepayments and other assets Total current assets Brandywine Endowment Penguin Court Endowment Cash surrender value of life insurance, net Pledges receivable, net Brandywine land, buildings and equipment, net Penguin Court land, buildings, and equipment, net

1,304,140 459,186 211,699 $ 6,160,649 $ 100,111,195 15,147,385 4,132,635 1,081,472 33,809,687 9,265,021

Collections – see notes to the financial statements TOTAL ASSETS

$ 169,708,044

LIABILITIES AND NET ASSETS Accounts payable and accrued expenses

$ 1,200,065

Deferred revenue

36,724

Pension Liability

1,541,441

Notes payable, current portion Total current liabilities Notes payable

511,000 $ 3,289,230 $ 2,336,000

Pension liability Other non-current liabilities

1,093,901

Total non-current liabilities

$ 3,429,901

TOTAL LIABILITIES

$ 6,719,131

NET ASSETS Unrestricted: Operating Board-designated endowment Total unrestricted With Donor Restrictions Total net assets TOTAL LIABILITIES AND NET ASSETS

26

$ 29,750,272 12,474,375 $ 42,224,647 120,764,266 $ 162,988,913 $ 169,708,044

Brandywine Conservancy & Museum of Art, Inc. is a duly qualified, tax exempt charitable organization as defined by Sections 501 (c)(3) and 170 (b) (1) (A) (vi) of the Internal Revenue Code and is properly registered with the Commonwealth of Pennsylvania, Department of State, Bureau of Charitable Organizations. Copies of this Annual Report are available to the public free of charge upon request to the Public Relations Department. Complete financial statements and independent auditors’ report may be obtained from the Finance Office. A copy of the official registration and financial information may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 800.732.0999. Registration does not imply endorsement.

Brandywine Conservancy & Museum of Art

STATEMENT OF ACTIVITIES

For the year ended June 30, 2019

WITHOUT DONOR RESTRICTIONS

WITH DONOR RESTRICTIONS

TOTAL

REVENUES AND OTHER SUPPORT Contributions

$ 2,819,745

$ 3,248,619

$ 6,068,364

Sales of reproductions, books, other, net

356,430

356,430

Admissions

821,761

821,761

Memberships

364,597

364,597

Conservancy revenue

268,972

268,972

Investment income Operating endowment draw

3,966,348

4,662,864

6,415,191

7,214,967

13,630,158

Net assets released from restrictions

7,383,554

(7,383,554)

Total revenues and other support

13,798,745

(168,587)

Other income, net of direct costs Total revenues and other support before releases

696,516 1,087,170

1,087,170

13,630,158

EXPENSES Program: Brandywine River Museum of Art

3,821,808

3,821,808

Brandywine Conservancy

2,756,248

2,756,248

Property management-building and grounds

2,950,888

2,950,888

Volunteer services and special events

281,852

281,852

9,810,796

9,810,796

Management, general and fundraising

2,099,642

2,099,642

Fundraising

1,374,756

1,374,756

13,285,194

13,285,194

Total Program Supporting services:

Total Expenses CHANGE IN NET ASSETS FROM OPERATIONS Collection objects purchasesd but not capitalized Funds received for easement acquisitions Acquisition of conservation easements

513,551 (107,935) 195,278

344,964 (107,935)

750,000

(195,278)

945,278 (195,278)

Return on investments-net of draws and fees

(512,174)

Endowment draw-fees and bond payments

1,356,855

1,356,855

Change in net assets-pension adjustment

(732,468)

(732,468)

Net change in cash surrender value of life insurance

(658,950)

415,877

(1,171,124)

415,877

Interest expense on bond and loan issues

(47,138)

(47,138)

Change in charitable gift annuity liability

(102,067)

(102,067)

Other non-operating expenses CHANGE IN NET ASSETS NET ASSETS, BEGINNING OF YEAR

(168,587)

NET ASSETS, END OF YEAR

(17,779)

(17,779)

350,845

338,340

689,185

41,873,802

120,425,926

162,299,728

$ 42,224,647

$ 120,764,266

$ 162,988,913

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P.O. Box 141, Route 1 Chadds Ford, PA 19317