 In 2004, a company named MutualArt launched the Artist Pension Trust as the first pension program for visual contemporary artists.It was founded by businessman Moti Shniberg, Hebrew University business professor, Dan Galai, and David A. Ross, former director of the Whitney Museum and the San Francisco Museum of Modern Art.APT started with eight regional trusts and subsequently launched a global trust, APT Global One, with a total of 628 artists.