HALSTED A&A FOUNDATION

The promotion and conservation of modern and contemporary architecture, and promotion of fine arts, with a particular emphasis on asian, ancient near eastern, greek, roman and egyptian art. The foundation has a collection of fine art objects held for educational, research and curatorial purposes. Under the foundation's collections management policy, all objects are catalogued, preserved, and provided with ongoing care. Activities verifying their existence and assessing their condition are performed on a regular basis. Titles to the collection of works reside with the foundation. Objects on loan remain property of foundation, but are not included in the foundation's combined financial statements. Purchases of objects are recorded as an expense in the foundation's statement of activities, and changes in net assets.