Friends of Photography

San Francisco, California
2002: Assignee for Friends of Photography, a California non-profit public benefit corporation founded by Ansel Adams promoted the growth and visibility of the art of photography for more than thirty years through exhibitions, publications and educational experiences. The largest asset of the Friends was the Legacy Collection, 138 photographs by Ansel Adams. It was sold by the Assignee for its appraised value of $1,820,000. One hundred percent payment to creditors plus ten percent interest. Any remaining funds will be contributed to other non-profit originations.