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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA00676159: Apollo Management and Arrangement (DS9)

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This document contains correspondence regarding a financial arrangement involving Ada Clapp Black Family Partners, managed through Apollo Management at 9 W 57th Street, New York. The document references IRS Circular 230 disclosures and discusses concerns about a GRAT (Grantor Retained Annuity Trust) arrangement that may affect annuity payments to Leon or his estate. The specific nature of the disqualifying concern is partially redacted in the available excerpts.

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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
Best regards, 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
Excerpt 3
There is some concern that this EFTA00676159 **arrangement** may disqualify the GRAT since the amount of the annuity payable to Leon or his estate would be

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