From: Heather Gray To: "Jeffrey Epstein (jeevacation(tigmail.com)" <jeevacationgiSmail.com> CC: Eileen Alexanderson < Subject: RE: possible 2014 charitable contributions of art Date: Fri, 22 Aug 2014 20:00:34 +0000 Jeffrey, One quick update: I found the 2013 Sotheby's appraisal and the second Braque (Homage to J.S. Bach) was valued at $24 million by Sotheby's in July of 2013. Best, Heather From: Heather Gray Sent: Friday, August 22, 2014 1:38 PM To: Jeffrey Epstein ([email protected]) Cc: Eileen Alexanderson ( Subject: possible 2014 charitable contributions of art Jeffrey, You mentioned in our meeting that Leon may want to donate his interests in three works of art to museums in 2014. I've reviewed Ada's notes and I believe the works potentially to be donated are: 1. Georges Braque, La Table Owned 50% by Leon individually and 50% by MoMA Promised gift to MoMA at the death of the survivor of Leon and Debra Current fair market value per Sotheby's 7/25/14 appraisal: $5.5 million 2. Georges Braque, Homage to J.S. Bach Owned 48% by Leon individually and 52% by MoMA Promised gift to MoMA at the death of the survivor of Leon and Debra Not included in Sotheby's 7/25/14 appraisal (perhaps because it is on exhibition at MoMA) 3. Martin Kippenberger, Untitled (from the series The Raft of Medusa) Owned 100% by Leon individually Promised gift to MoMA but we do not have a copy of a promised gift agreement so it is not clear if it is promised at the death of Leon or the death of the survivor of Leon and Debra Current fair market value per Sotheby's 7/25/14 appraisal: $2.5 million Documentation If Leon decides to move forward, in order to complete these donations we will need: (i) a Deed of Gift signed by Leon, Debra (because she is a party to the promised gift agreements) and MoMA, which I will prepare, (ii) a qualified appraisal by a qualified appraiser, and (iii) IRS Form 8283 signed by Leon, MoMA and the appraiser once the appraisal has been