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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA00706148: Apollo Management and Arrangement (DS9)

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Document discussing insurance arrangements for Ada Clapp Black Family Partners through Apollo Management at 9 W 57th Street, New York, NY 10019. The excerpt references an insurance policy arrangement covering art acquisitions at appraised or fair market value at time of loss, and notes that trustees determined continuing the current insurance arrangement represented a reasonable business decision with significant savings for the trusts. Includes IRS Circular 230 disclosure language.

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Excerpt 1
Ada Clapp Black Family Partners c/o **Apollo** **Management** 9 W 57th Street New York NY 10019 phone: email: IRS Circular 230 Disclosure: Pursuant to IRS regulations
Excerpt 2
policy in each case would cover any new art acquired at the greater of the appraised value of fair market value at the time of loss (this is the same **arrangement**
Excerpt 3
the large savings for the Trusts, I think that it is a reasonable business decision on the part of the Trustees to continue with the current insurance **arrangement**

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