Gilbert Public Arts Foundation

The foundation's exempt purpose, as described in its exemption application, is to hold works of art and lend or donate them to museums to exhibit and preserve the art collections for the benefit of the Public. The foundation's exempt private operating status was granted on the samebasis. The foundation's current and prior activities are consistent with the representations made in its exemption application.as of april 30, 2025, the fair market value of the foundation's works of art on loan is $79,173,268 based on an appraisal of the artwork using brittish pounds, and converted to usd at year-end. The collection includes numerous items such as silver and gilt objects, gold boxes, mosaics, textiles, and other works ofart.