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Epstein File EFTA00982070: Apollo Management and Arrangement (DS9)

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This document concerns insurance arrangements for the Ada Clapp Black Family Partners, managed by Apollo Management at 9 W 57th Street, New York. It discusses policy coverage for art acquisitions, comparing appraised value against fair market value at time of loss. The document evaluates the cost-benefit of continuing the current insurance arrangement for the Trusts, concluding it represents a reasonable business decision by the Trustees.

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Excerpt 1
Ada Clapp Black Family Partners c/o **Apollo** **Management** 9 W 57th Street New York NY 10019 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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