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YoungArts Appoints Bank Director Marc Sheridan as Chairman of Its Board of Trustees MIAMI, FL (February 6, 2012) – YoungArts, the core program of the National Foundation for Advancement in the Arts (NFAA) announces the appointment of Marc Sheridan as Chairman of the Board of Trustees. Mr. Sheridan was appointed to the position on January 13, 2012. Mr. Sheridan, the Northeast Region Head of J.P. Morgan Private Bank, has been a member of the Board of Trustees since January 2011. He succeeds James M. Dubin of Paul, Weiss, Rifkind, Wharton & Garrison LLP who will continue to serve as a member of the Board of Trustees. “We thank Jim Dubin for his work as Chairman. He has led the Board in laying the foundation on which we can build an exciting future for YoungArts. We are excited to have Marc’s leadership at this pivotal time, as we move forward with a national expansion of our programs. His energetic leadership and commitment to the arts will be key to ensuring success for the next generation of American artists that YoungArts fosters and cultivates,” said Paul T. Lehr, NFAA’s Executive Director. “I am honored to assume the chairmanship of YoungArts, said Marc Sheridan. I am excited about the opportunity to work with my colleagues on the Board and the entire YoungArts team in supporting America’s most talented young artists in the visual, literary and performing arts and realizing an even greater future for the organization.” Marc Sheridan is the Northeast Region Head of J.P. Morgan Private Bank, a leading global wealth management firm. Mr. Sheridan has three decades of experience with J.P. Morgan, the past 18 years of which have been in the Private Bank. He was formerly responsible for the firm’s international client team based in New York. Before joining the Private Bank in 1992, he spent five years working for J.P. Morgan in Brussels leading product development at the firm’s Euroclear Operations Centre. Prior to his assignment in Belgium, he worked with corporate clients in the New York office. Mr. Sheridan is a graduate of University of Pennsylvania.

About YoungArts: YoungArts is the core program of the National Foundation for Advancement in the Arts (NFAA). The organization’s mission is to identify emerging artists, provide educational enrichment and assistance in their pursuit of the arts, and to raise the appreciation for and support of the arts in American society. Dedicated to inspiring and nurturing young artists, NFAA was founded in 1981 by businessman and visionary, the late Ted Arison, and his wife Lin. The YoungArts program identifies the next generation of emerging artists and contributes to the cultural vitality of the nation by investing in the artistic development of thousands of gifted artists in nine disciplines in the visual, literary and performing arts. At the request of The Commission on Presidential Scholars, which is appointed by the President of the United States, NFAA serves as the exclusive nominating agency for the U.S. Presidential Scholars in the Arts. The YoungArts program has honored over 16,000 young artists with more than $6 million in monetary awards and more than $100 million in college scholarship opportunities. Alumni go on to become leading professionals in their fields. Alumni include actresses Vanessa Williams and Kerry Washington, four-time

Tony Award nominee RaĂşl Esparza, Executive Director of American Ballet Theatre Rachel Moore, recording artists Nicki Minaj and Chris Young, musician Jennifer Koh, choreographer Desmond Richardson, and internationally acclaimed multimedia artist Doug Aitken. For more information about YoungArts, visit # # #

YoungArts Appoints Bank Director Marc Sheridan as Chairman