2019-11-13T08:06:04-06:00 2018-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2018-01-01 135562233 Solomon R Guggenheim Foundation % SUSANNAH NAYLOR SOLO 2124233602 1071 Fifth Avenue New York NY 10128 MARTHA WITHINGTON CFO 2124233602 2019-11-11 true Daniel Romano P00504182 2125990100 65.229.27.130 26377520193175000003 2019-11-13 P 38256254B92CBC9D6C3CCAE5299B6D0E112D89EF B6B9A4069768E68F2B23E91CFAE117586AF327BC 2018 2020-01-14 16:20:31Z Richard D Armstrong 1071 Fifth Avenue New York NY 10128 155108283 false X www.guggenheim.org X 1937 NY COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART, (CONTINUED ON SCHEDULE O) 29 28 642 100 1635119 386208 23247345 41588253 31184840 27523844 2671815 1714099 4721391 6351001 61825391 77177197 0 0 0 0 35782957 35766419 466800 404998 5184548 37760731 38382998 74010488 74554415 -12185097 2622782 171396218 166863549 76270483 75139965 95125735 91723584 X COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION ("GUGGENHEIM FOUNDATION") COLLECTS, PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART,(CONTINUED ON SCHEDULE O) false false 16362755 0 8564793 EXHIBITIONS PRESENTED IN 2018 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK ("GUGGENHEIM MUSEUM") INCLUDED: ART AND CHINA AFTER 1989: THEATER OF THE WORLD (OCTOBER 6, 2017 - JANUARY 7, 2018); JOSEF ALBERS IN MEXICO (NOVEMBER 3, 2017 - APRIL 4, 2018); GUGGENHEIM COLLECTION: BRANCUSI (MARCH 17, 2017 - PRESENT); DANH VO: TAKE MY BREATH AWAY (FEBRUARY 9, 2018 - MAY 9, 2018); LEARNING THROUGH ART (APRIL 26, 2018 - JUNE 13, 2018); ONE HAND CLAPPING (MAY 4, 2018 - OCTOBER 21, 2018); GIACOMETTI (JUNE 8, 2018 - SEPTEMBER 12, 2018); (CONTINUED ON SCHEDULE O) 14128372 0 0 AS PART OF ITS MISSION, THE GUGGENHEIM FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE CURATORIAL STAFF STUDIES THE ART IN the GUGGENHEIM FOUNDATION'S POSSESSION, PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING, AND PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS. The GUGGENHEIM FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF SPECIAL EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. (CONTINUED ON SCHEDULE O) 5741887 0 18310465 DURING 2018, The GUGGENHEIM FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH OF THESE MUSEUMS ARE OPEN TO THE PUBLIC TO FULFILL THE GUGGENHEIM FOUNDATION'S MISSION. THE GUGGENHEIM FOUNDATION CONDUCTS TOURS OF ITS EXHIBITIONS, AND PROVIDES EDUCATIONAL TEXTS FREE OF CHARGE TO ALL MUSEUM VISITORS. THE GUGGENHEIM MUSEUM IS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS. IN ADDITION, STUDENTS AND SENIOR CITIZENS ARE OFFERED REDUCED-PRICE TICKETS AND CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FREE OF CHARGE. (2018 COMBINED ATTENDANCE AT THE GUGGENHEIM MUSEUM AND PGC WAS 1,313,567). 4747190 648586 EDUCATION 13772400 PUBLICATIONS, WEBSITE, PRODUCTS, AND RETAIL OPS 18519590 648586 54752604 true true false false false false false true false true true true false false true true true false false true true false false true true false false false false true false false false false false false false false true true false false false true true false false false true 214 0 true 642 true true true true BD CA CJ EI IT LU UK VI UC false false false true true false false false false false false X 29 28 true false false false false false false true true true true true true true true true true true true true true true AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X SUSANNAH NAYLOR 2124233602 1071 FIFTH AVENUE New York NY 10128 Peter Lawson-Johnston Trustee/Honorary Chair 3.0 0.0 X X 0 0 0 William L Mack Trustee/Chair of the Board 8.0 0.0 X X 0 0 0 Wendy Fisher Trustee/President 8.0 0.0 X X 0 0 0 John Calicchio Trustee/Vice-President 3.0 0.0 X X 0 0 0 Dimitris Daskalopoulos Trustee/Vice-President 3.0 0.0 X X 0 0 0 Charles M Diker Trustee/Vice-President 3.0 0.0 X X 0 0 0 Linda Macklowe Trustee/Vice-President 3.0 0.0 X X 0 0 0 Wendy L-J McNeil Trustee/Vice-President 3.0 0.0 X X 0 0 0 Edward H Meyer Trustee/Vice-President 3.0 0.0 X X 0 0 0 Denise Saul Trustee/Vice-President 3.0 0.0 X X 0 0 0 Richard Armstrong Trustee/Dir. of Museum & Fdtn. 40.0 0.0 X X 828203 0 606050 Robert C Baker Trustee/Treasurer/VP 3.0 0.0 X X 0 0 0 Jon Imanol Azua Trustee 3.0 0.0 X 0 0 0 Cindy Chua-Tay Trustee 3.0 0.0 X 0 0 0 Paul Cronson Trustee 3.0 0.0 X 0 0 0 Carl Gustaf Ehrnrooth Trustee 3.0 0.0 X 0 0 0 Gail May Engelberg Trustee 3.0 0.0 X 0 0 0 Elliot S Jaffe Trustee 3.0 0.0 X 0 0 0 Rashid Johnson Trustee 3.0 0.0 X 0 0 0 Francesca Lavazza Trustee 3.0 0.0 X 0 0 0 Peter Lawson-Johnston II Trustee 3.0 0.0 X 0 0 0 Vladimir O Potanin Trustee 2.0 0.0 X 0 0 0 Stephen Robert Trustee 3.0 0.0 X 0 0 0 Mortimer D A Sackler Trustee 3.0 0.0 X 0 0 0 James B Sherwood Trustee 2.0 0.0 X 0 0 0 David Shuman Trustee 3.0 0.0 X 0 0 0 Barbara Slifka Trustee 3.0 0.0 X 0 0 0 Mark R Walter Trustee 2.0 0.0 X 0 0 0 John Wilmerding Trustee 3.0 0.0 X 0 0 0 Mary Sharp Cronson Trustee 3.0 0.0 X 0 0 0 SIDNEY TOLEDANO TRUSTEE 2.0 0.0 X 0 0 0 Edward F Rover Secretary 2.0 0.0 X 0 0 0 Marc H Steglitz Sr Dep Dir & COO thru 06/01/18 40.0 0.0 X 498642 0 6700 Elizabeth Duggal Taghipour Senior Deputy Director & COO 40.0 0.0 X 173385 0 52 Sarah G Austrian Dep Dir, Gen Cou & Ass. Sec. 40.0 0.0 X 352465 0 22290 Martha Withington CFO 40.0 0.0 X 192308 0 10013 Karole Vail Dir, Peggy Guggenheim Coll. 40.0 0.0 X 260534 0 110689 Catherine Carver Dunn Deputy Dir., Advancement 40.0 0.0 X 389187 0 22063 Nancy Spector Artistic Dir Stockman Curator 40.0 0.0 X 270054 0 29506 Juan Ignacio Vidarte Dep. Dir & CO for Global strat 20.0 0.0 X 243935 0 5950 Tina Vaz Dep Director, Global Com. 40.0 0.0 X 275760 0 29855 Mary Anne Talotta Sr. Dir., Ind. Dev. & Campaign 40.0 0.0 X 204600 0 18964 Kim Kanatani Dep. Dir. & Gail Engelberg Dir 40.0 0.0 X 177479 0 24675 Carol Stringari Deputy Director & Chief Cons. 40.0 0.0 X 180411 0 17116 4046963 0 903923 56 false true false CROTHALL HEALTHCARE 1500 Liberty Ridge Dr 210 WAYNE PA 19087 Janitorial 902742 Conti Tipocolor VIA GUIDO GUINIZELLI 20 CALENZANO FL IT 50041 Printing 534958 Allied Universal 85 Broad Street NEW YORK NY 10004 Security 728928 Masterpiece International Ltd 39 Broadway NEW YORK NY 10006 Shipping 601273 Matco Inc 15000 Stetson Rd LOS GATOS CA 95033 Maintenance 456953 31 4439500 2182392 485505 34480856 3172180 41588253 ADMISSION INCOME 712110 18959051 18959051 0 0 EXHIBITIONS 712110 3698218 3698218 0 0 MUSEUM AND PROGRAM COLLABORATIONS 712110 4851575 4851575 0 0 MUSEUM FEASIBILITY STUDY 712110 15000 15000 0 0 27523844 -198683 -198683 0 1734796 1734796 0 0 0 73876999 71964217 1912782 1912782 1912782 919190 2182392 2179822 -1260632 -1260632 0 0 0 8855663 3787047 5068616 1621366 3447250 CORPORATE EVENTS 900099 468002 468002 RESTAURANT INCOME 900099 325460 13753 311707 ART SALE PROCEEDS 900099 11650 11650 3109 3109 808221 77177197 27523844 1635119 6429981 X 0 0 0 0 3772139 963255 2244081 564803 0 25542909 18781217 4771117 1990575 563373 451603 66705 45065 3940741 3158922 466593 315226 1947257 1560933 230560 155764 1504900 1173029 331871 501261 196842 304419 332315 8348 323967 0 404998 404998 0 4349688 3545159 570367 234162 723128 569340 136750 17038 1533090 1121506 78861 332723 788642 11291 777351 53598 53598 10372748 8049706 1966754 356288 1531576 993425 219070 319081 0 236855 109803 31911 95141 955727 798712 121048 35967 0 5308165 4432512 676280 199373 505781 236376 269405 ART SHIPPING AND CRATING 2009688 1977707 23986 7995 BAD DEBT 62634 0 62634 0 ART PURCHASES 3394132 3394132 0 0 SUPPLIES AND MATERIALS 1325129 949143 352003 23983 2893941 2216045 591530 86366 74554415 54752604 14617263 5184548 6721147 12435687 5325697 3125175 8191252 10677403 1244438 587099 0 0 0 0 0 0 1348084 1276010 1372764 2328456 128674485 71133393 62055174 57541092 20047957 24243847 64801173 54360250 0 0 0 0 288532 288530 171396218 166863549 15290201 15895982 0 0 0 0 38453705 37182428 0 0 0 0 0 0 22518577 22059960 8000 1595 76270483 75139965 X -559240 330840 25558751 13034789 70126224 78357955 95125735 91723584 171396218 166863549 X 2622782 -5787565 -237368 X false true X true false X 34374708 19518463 26737613 23247345 41588253 145466382 0 0 34374708 19518463 26737613 23247345 41588253 145466382 7687902 137778480 4244996 9696939 2614548 2831682 1536113 20924278 1485905 1430608 1631597 1754719 1621366 7924195 6413713 3175569 1987913 2200611 1713658 15491464 189806319 178017419 0.72589 0.74330 X 0 0 X X X X false 92009498 17698991 -3803978 20365654 85538857 84312689 7377483 9226659 8907333 92009498 77862814 15883154 -1692867 7740412 84312689 70653676 21104591 -1961174 11934279 77862814 73895920 6155842 1494278 10892364 70653676 0.13000 0.81000 0.06000 false false 3130643 3130643 106339346 65694497 40644849 14678056 1721492 12956564 4259482 3717404 542078 266958 266958 57541092 FIXED INCOME FUNDS 8654962 F EQUITY FUNDS 34217925 F FUND OF HEDGE FUNDS 1909788 F EVENT/CREDIT ARBITRAGE FUNDS 5461107 F INTERNATIONAL FUNDS 4116468 F 54360250 0 NYS STATE INCOME TAX 1595 1595 X 75110362 -5787565 171051 -237368 -5853882 80964244 -3787047 -3787047 77177197 78512513 171051 3787047 3958098 74554415 74554415 FORM 990, PART XIII SCHEDULE D, PART III, LINE 1 IN ACCORDANCE WITH INDUSTRY PRACTICE, ART OBJECTS PURCHASED, DONATED AND BEQUEATHED ARE INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AT A VALUE OF $1. CONTRIBUTIONS FOR THE PURCHASE OF COLLECTION ITEMS, NET ASSETS RELEASED FROM RESTRICTIONS TO PURCHASE COLLECTION ITEMS, THE COST OF ALL COLLECTION ITEMS PURCHASED AND THE PROCEEDS FROM DEACCESSIONED AND NON-ACCESSIONED ART ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES. SCHEDULE D, PART III, LINE 4 THE FOUNDATION'S PERMANENT COLLECTION IS AT THE HEART OF THE FOUNDATION'S IDENTITY. THIS COLLECTION WAS FORMED IN LARGE PART THROUGH THE ACQUISITION OF NOTABLE PRIVATE COLLECTIONS. AUGMENTED THROUGH NUMEROUS ACQUISITIONS UNDER THE LEADERSHIP OF THE FOUNDATION'S DIRECTORS AND CURATORS, AND WITH THE SUPPORT OF THE FOUNDATION'S ACQUISITION GROUPS, THESE COLLECTIONS FORM A UNIQUE GLOBAL COLLECTION THAT REFLECTS THE RICH TRAJECTORY OF ART FROM THE LATE 19TH CENTURY THROUGH THE PRESENT. SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR EDUCATIONAL PROGRAMS, IN SUPPORT OF curatorial chairs, art purchases, publications, exhibitions, PGC's internship program, conservation of art and collection care, conservation fellowship, AND GENERAL SUPPORT OF THE FOUNDATION'S OPERATIONS. SCHEDULE D, PART X, LINE 2 THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE FOUNDATION ARE TAX DEDUCTIBLE TO CONTRIBUTORS, TO THE EXTENT PROVIDED BY LAW. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON SALES OF CERTAIN MERCHANDISE AND ACTIVITIES. THE FOUNDATION'S ITALIAN OPERATIONS ARE ALSO SUBJECT TO ITALIAN TAX. The Foundation is subject to the provisions of the Financial Accounting Standards Codification ("ASC") Topic 740-10-05, relating to accounting and reporting for uncertainty in income taxes. Because of the Foundation's general tax-exempt status, ASC Topic 740-10-05 has not had, and is not expected to have, a material impact on the Foundation's financial statements. SCHEDULE D, PART XI, LINE 2D Foreign Currency Translation $(237,368) SCHEDULE D, PART XI, LINE 4B Cost of Goods Sold $(3,787,047) SCHEDULE D, PART XII, LINE 2D Cost of Goods Sold $3,787,047 East Asia and the Pacific Program Services Traveling Exhibitions 833000 Europe (Including Iceland and Greenland) 1 42 Program Services Peggy Guggenheim Colle 4752000 Middle East and North Africa Program Services Guggenheim Abu Dhabi 591000 Russia and the Newly Independent States Program Services conservation program 5000 North America Program Services See Supplemental Info 227000 South America Program Services Traveling Exhibitions 128000 Central America and the Caribbean Program Services Art Purchase 80000 Central America and the Caribbean Investments 44523000 Europe (Including Iceland and Greenland) Investments 30157000 North America Investments 3869000 1 42 1 42 85165000 85165000 true true false false false true Schedule F, Part I, Line 3 Program Service Activity in North America Foreign expenditures in North America were incurred for various program services including audio guide maintenance, inventory purchases, salary for an exhibition consultant, and shipping and crating for traveling exhibitions. X X X X X X true Community Counselling Service Co LL 461 Fifth Avenue New York NY 10017 Fundraising Consulting false 11875906 404998 11470908 11875906 404998 11470908 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI Fall Int'l gala 2611931 1939995 671936 1012621 Year w/ Child 157101 132909 24192 46121 1 332550 109488 223062 1121080 3101582 2182392 919190 2179822 2179822 -1260632 X X X false true X X X X X true true false false false false false false false Richard Armstrong Trustee/Dir. of Museum & Fdtn. 828203 0 0 0 0 0 592902 0 13148 0 1434253 0 0 0 Marc H Steglitz Sr Dep Dir & COO thru 06/01/18 208642 0 0 0 290000 0 0 0 6700 0 505342 0 0 0 Elizabeth Duggal Taghipour Senior Deputy Director & COO 173385 0 0 0 0 0 0 0 52 0 173437 0 0 0 Sarah G Austrian Dep Dir, Gen Cou & Ass. Sec. 352465 0 0 0 0 0 15125 0 7165 0 374755 0 0 0 Karole Vail Dir, Peggy Guggenheim Coll. 260534 0 0 0 0 0 18601 0 92088 0 371223 0 0 0 Catherine Carver Dunn Deputy Dir., Advancement 389187 0 0 0 0 0 15125 0 6938 0 411250 0 0 0 Juan Ignacio Vidarte Dep. Dir & CO for Global strat 198349 0 0 0 45586 0 5950 0 0 0 249885 0 0 0 Tina Vaz Dep Director, Global Com. 275760 0 0 0 0 0 15125 0 14730 0 305615 0 0 0 Mary Anne Talotta Sr. Dir., Ind. Dev. & Campaign 204600 0 0 0 0 0 11253 0 7711 0 223564 0 0 0 Kim Kanatani Dep. Dir. & Gail Engelberg Dir 177479 0 0 0 0 0 9761 0 14914 0 202154 0 0 0 Nancy Spector Artistic Dir Stockman Curator 270054 0 0 0 0 0 12152 0 17354 0 299560 0 0 0 Martha Withington CFO 192308 0 0 0 0 0 0 0 10013 0 202321 0 0 0 Carol Stringari Deputy Director & Chief Cons. 180411 0 0 0 0 0 9923 0 7193 0 197527 0 0 0 SCHEDULE J, PART I, LINE 1A (A) The Guggenheim Foundation provided first class travel for the Director in limited instances. (b) The Guggenheim Foundation provided furnished housing for the Deputy Director and Chief Officer for Global Strategies, whose primary residence is in Bilbao, Spain, when working in New York City. This housing allowance was included as taxable compensation, and as such, the Guggenheim Foundation agreed to provide the Deputy Director and Chief Officer for Global Strategies with tax gross-up payments. The Guggenheim Foundation ended the housing allowance in 2018 and will no longer provide any tax gross-up payments. SCHEDULE J, PART I, LINE 1B (a) In 2018, the Guggenheim Foundations written expense report and reimbursement policy permitted the Director to travel by first class if no business class was available and such travel was approved by the Senior Deputy Director and Chief Operating Officer. All first class travel by the Director described in Line 1a above complied with this policy except one leg of an international flight, which was approved in advance by the Senior Deputy Director and Chief Operating Officer. (b) In 2018, the Guggenheim Foundation provided the Deputy Director and Chief Officer for Global Strategies with furnished housing while he was working in New York as part of his taxable compensation package per the terms of his employment letter, and not pursuant to the Guggenheim Foundations written expense report and reimbursement policy. The Guggenheim Foundation ended the housing allowance in 2018 and will no longer provide any tax gross-up payments. SEVERANCE PAYMENTS SCHEDULE J, PART I, LINE 4A MARC H. STEGLITZ, SR. DEPUTY DIRECTOR & COO, ENDED EMPLOYMENT ON 06/01/2018. HE RECEIVED SEVERANCE PAYMENTS IN 2018 OF $290,000. NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE DIRECTOR OF THE MUSEUM AND FOUNDATION PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. AN ACCRUAL FOR FUTURE PAYMENTS HAS BEEN MADE AND IS REFLECTED ABOVE IN THE INTEREST OF TRANSPARENCY. X 32 0 N/A X 17 2998038 FMV X Restaurant improvement 1 174142 Cost 3 false true true SCHEDULE M, PART I, LINE 32B THE FOUNDATION ENGAGES A THIRD PARTY TO SELL WORKS OF ART THAT HAVE NOT BEEN ACCESSIONED. SCHEDULE M, PART I, LINE 33 IN ACCORDANCE WITH INDUSTRY PRACTICE, ART OBJECTS PURCHASED, DONATED AND BEQUEATHED ARE INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AT A VALUE OF $1. CONTRIBUTIONS FOR THE PURCHASE OF COLLECTION ITEMS, NET ASSETS RELEASED FROM RESTRICTIONS TO PURCHASE COLLECTION ITEMS, THE COST OF ALL ART PURCHASED AND THE PROCEEDS FROM the sale of art ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES. SCHEDULE M, COLUMN B THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 1 & Part III, Line 1 Mission Statement (Continued) AND EXPLORES IDEAS ACROSS CULTURES THROUGH DYNAMIC CURATORIAL AND EDUCATIONAL INITIATIVES AND COLLABORATIONS. WITH ITS CONSTELLATION OF ARCHITECTURALLY AND CULTURALLY DISTINCT MUSEUMS, EXHIBITIONS, PUBLICATIONS, AND DIGITAL PLATFORMS, THE FOUNDATION ENGAGES BOTH LOCAL AND GLOBAL AUDIENCES. FORM 990, PART III, LINE 4A (CONTINUED) R.H. QUAYTMAN: + X CHAPTER 34 (OCTOBER 12, 2018 - APRIL 23, 2019); AND HILMA AF KLINT: PAINTINGS FOR THE FUTURE (OCTOBER 12, 2018 - APRIL 23, 2019). ADDITIONALLY, WORKS IN THE ONGOING EXHIBITION IN THE THANNHAUSER GALLERY CHANGE AND ROTATE. EXHIBITIONS PRESENTED IN 2018 AT THE PEGGY GUGGENHEIM COLLECTION IN VENICE INCLUDED: PICASSO ON THE BEACH (AUGUST 26, 2017 - JANUARY 7, 2018); MYSTICAL SYMBOLISM: THE SALON DE LA ROSE+CROIX IN PARIS, 1892 - 1897 (OCTOBER 28, 2017 - JANUARY 7, 2018); MARINO MARINI. VISUAL PASSIONS (JANUARY 27, 2018 - MAY 1, 2018); JOSEF ALBERS IN MEXICO (MAY 19, 2018 - SEPTEMBER 3, 2018); THE BIENNALE OF PEGGY GUGGENHEIM (MAY 25, 2018 - JANUARY 14, 2019); AND OSWALDO LICINI: LET SHEER FOLLY SWEEP ME AWAY (SEPTEMBER 22, 2018 - JANUARY 14, 2019). SELECTIONS FROM THE PEGGY GUGGENHEIM COLLECTION AND THE HANNELORE B. AND RUDOLPH B. SCHULHOF COLLECTION WERE ALSO ON VIEW. ADDITIONALLY, WORKS IN THE NASHER SCULPTURE GARDEN CHANGE AND ROTATE. ALSO, THE Peggy Guggenheim Collection HOSTED THE U.S. PAVILION FOR THE ARCHITECTURE BIENNALE (MAY 26, 2018 - NOVEMBER 25, 2018). EXHIBITIONS PRESENTED IN 2018 AT THE GUGGENHEIM MUSEUM BILBAO INCLUDED: AMIE SIEGEL: WINTER (NOVEMBER 23, 2017 - MARCH 11, 2018); DAVID HOCKNEY: 82 PORTRAITS AND 1 STILL-LIFE (NOVEMBER 10, 2017 - FEBRUARY 24, 2018); ART AND SPACE (DECEMBER 5, 2017 - APRIL 15, 2018); ANNI ALBERS: TOUCHING VISION (OCTOBER 6, 2017 - JANUARY 14, 2018); HENRI MICHAUX. THE OTHER SIDE (FEBRUARY 2, 2018 - MAY 13, 2018); ESTHER FERRER. INTERTWINED SPACES (MARCH 16, 2018 - JUNE 10, 2018); MICHAEL SNOW: CLOSED CIRCUIT (MARCH 22, 2018 - JULY 1, 2018); ART AND CHINA AFTER 1989: THEATER OF THE WORLD (MAY 11, 2018 - SEPTEMBER 23, 2018); JAVIER TLLEZ: SHADOW PLAY (JULY 12, 2018 - NOVEMBER 18, 2018); JOANA VASCONCELOS. I'M YOUR MIRROR (JUNE 29, 2018 - NOVEMBER 11, 2018); CHAGALL. THE BREAKTHROUGH YEARS, 1911 - 1919 (JUNE 1, 2018 - SEPTEMBER 2, 2018); DIANA THATER: A RUNAWAY WORLD (NOVEMBER 29, 2018 - MARCH 3, 2019); ARCHITECTURE EFFECTS (DECEMBER 5, 2018 - APRIL 28, 2019); ALBERTO GIACOMETTI. A RETROSPECTIVE (OCTOBER 19, 2018 - FEBRUARY 24, 2019); VAN GOGH TO PICASSO. THE THANNHAUSER LEGACY (SEPTEMBER 21, 2018 - MARCH 24, 2019). ADDITIONALLY, WORKS IN THE ONGOING EXHIBITION MASTERPIECES FROM THE GUGGENHEIM MUSEUM BILBAO COLLECTION WERE PRESENTED. OTHER EXHIBITIONS INCLUDED GUGGENHEIM UBS MAP GLOBAL ART INITIATIVE BUT A STORM IS BLOWING FROM PARADISE: CONTEMPORARY ART OF THE MIDDLE EAST AND NORTH AFRICA WAS PRESENTED AT GALLERIA D'ARTE MODERNA IN MILAN, ITALY (APRIL 11, 2018 - JUNE 17, 2018); DANH VO: TAKE MY BREATH AWAY WAS PRESENTED AT THE STATENS MUSEUM FOR KUNST IN COPENHAGEN (AUGUST 30, 2018 - DECEMBER 2, 2018); AND ART AND CHINA AFTER 1989: THEATER OF THE WORLD WAS PRESENTED AT THE SAN FRANCISCO MUSEUM OF MODERN ART (NOVEMBER 10, 2018 - FEBRUARY 24, 2019). FORM 990, PART III, LINE 4B (CONTINUED) THE Guggenheim Foundation MAINTAINS EXTENSIVE CLIMATE-CONTROLLED, HIGHLY SECURE STORAGE FACILITIES FOR THE ART IN ITS COLLECTION. IT ALSO OPERATES A PHOTOGRAPHY STUDIO FOR THE DOCUMENTATION OF ART AND ARCHIVES TO STORE PHOTOGRAPHS OF ART AND MAKE THEM AVAILABLE TO THE PUBLIC FOR PUBLICATION OR STUDY. THE Guggenheim Foundation MAINTAINS two ART CONSERVATION LABs TO PROPERLY CARE FOR THE ART IN ITS POSSESSION; IT ALSO CONDUCTS RESEARCH ON NEW TECHNIQUES IN ART CONSERVATION. THE Guggenheim Foundation ACQUIRED MAJOR CONTEMPORARY PAINTINGS BY MICHAEL ARMITAGE, LUCAS ARRUDA, NJIDEKA AKUNYILI CROSBY, DUAN JIANYU, AND LIU WEI, AND SIGNIFICANT PAINTINGS FROM THE 1960S-90S BY HEIDI BUCHER, ANA MERCEDES HOYOS, ZILIA SNCHEZ, AND STANLEY WHITNEY. THE Guggenheim Foundation ALSO ACQUIRED MIXED MEDIA WORKS BY MOUNIRA AL SOLH, ANNA BOGHIGUIAN, CAROLINA CAYCEDO, PAUL CHAN, CAO FEI, SONIA GOMES, BASEERA KHAN, ENGEL LEONARDO, WONG PING, MICHAEL RAKOWITZ, MANUELA RIBADENEIRA, ANITA THACHER, SAMSON YOUNG, AND RAL ZURITA, AS WELL AS SCULPTURES BY DONNA HUANCA, MARINO MARINI, ADAM MCEWEN, SABLE ELYSE SMITH, DANH VO, AND HAEGUE YANG. THE Guggenheim Foundation ACQUIRED FILM AND VIDEO WORKS BY JOHN AKOMFRAH, CLAUDIA JOSKOWICZ, LAWRENCE LEK, LI MING, LIN YILIN, SHARON LOCKHART, PARK CHAN-KYONG, LUCY RAVEN, ERIN SHIRREFF, XU BING, AND SUN YUAN AND PENG YU, AS WELL AS PHOTOGRAPHS BY SARAH CHARLESWORTH, JOHN HOUCK, ROTIMI FANI-KAYODE, SAMUEL FOSSO, LATOYA RUBY FRAZIER, LIU SHIYUAN, LILIANA PORTER, PAUL MPAGI SEPUYA, HANK WILLIS THOMAS, WOLFGANG TILLMANS, AND MIERLE LADERMAN UKELES. THE Guggenheim Foundation ALSO ACQUIRED WORKS ON PAPER BY SADIE BARNETTE, DAVID HAMMONS, HUANG YONG PING, AND SABLE ELYSE SMITH. THE TOTAL NUMBER OF WORKS ACQUIRED BY THE Guggenheim Foundation IN 2018 WAS 89. FORM 990, PART III, LINE 4D (1) Scholarship and learning are intrinsic to the many books and catalogues produced by the Guggenheim Foundation. Publications include such scholarly and instructive art historical information as bibliographies, biographies, chronologies, and exhibition histories with longer texts that contextualize art within larger movements or disciplines. Publications in 2018 included Hilma af Klint: Paintings for the Future; Thannhauser Collection: French Modernism at the Guggenheim; The Hugo Boss Prize 2018; Giacometti; One Hand Clapping; Guggenheim Social Practice; and Danh Vo: Take My Breath Away. (2) Significant exhibition, collections, education, and catalogues archives content is available to the public, free of charge, on Guggenheim.org, including approximately 1,700 artworks by more than 625 artists in the Collection Online. In 2018 the Guggenheim Foundation published, on a variety of topics, 39 videos and 158 audio tracks, bringing the total videos available on the site to more than 400 and audio tracks to more than 900. Forty-six blog posts that provide insights into exhibitions, contemporary art, global culture, and museum archives and history were published in 2018, bringing the total number available online to more than 1,000. Other highlights included a 2018 Webby Awards honoree award for the Guggenheim.org mobile website experience. In 2018, Guggenheim.org had approximately 6,183,000 user sessions, 4,570,834 users and 13,450,055 page views. First launched in June 2013, the Guggenheim app provides visitors with accessible information, building tours, collection resources, and interactive special exhibition content in real time, and in multiple languages. In 2018, the app was available for download on the Apple App store and also available as a free "rental" device to visitors to the Guggenheim Museum. This multifaceted technology has proven to be an integral educational tool, deeply engaging diverse audiences with the museums modern and contemporary art. In addition to the 173,623 visitors who used a free, museum-provided device to use the app during their visit, the app was also downloaded 45,187 times. In 2018 alone, these two groups combined listened to the Guggenheim Museum audio tracks on the app more than 2,500,000 times. (3) THE Guggenheim Foundation EDUCATED THE GENERAL PUBLIC THROUGH FREE WITH ADMISSION DAILY EDUCATOR LED TOURS, THE GALLERY GUIDE PROGRAM, WEEKLY IN-GALLERY FAMILY PROGRAMS AND FILM SCREENINGS, COURSES, LECTURES, SYMPOSIA, PERFORMANCES, AND OTHER PROGRAMS. THE Guggenheim Museum WELCOMES STUDENTS AT ALL PUBLIC PROGRAMS AND OFFERS DISCOUNTED OR COMPLIMENTARY TICKETS TO STUDENTS WITH VALID ID. THE Guggenheim Foundation'S MIND'S EYE PROGRAM EXPLORED CURRENT EXHIBITIONS THROUGH VERBAL IMAGING AND TOUCH FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. VISITORS WHO ARE DEAF OR HARD OF HEARING WERE SERVED THROUGH ASL-INTERPRETED CURATOR'S AND CONSERVATOR'S EYE TOURS. THE Guggenheim Foundation'S LEARNING THROUGH ART PROGRAM SPONSORED ARTIST RESIDENCIES IN PUBLIC SCHOOLS IN ALL FIVE BOROUGHS OF NEW YORK CITY AND MOUNTED A MONTH LONG EXHIBITION OF STUDENT WORK IN THE MUSEUM'S GALLERIES. EDUCATORS PARTICIPATED IN WEEKEND WORKSHOPS FOCUSED ON CLASSROOM APPLICATIONS AND FREE OPEN HOUSE EVENTS WHERE THEY WERE ABLE TO VIEW NEW EXHIBITIONS. FAMILY PROGRAMS WERE AVAILABLE TO VISITORS, ENCOURAGING THEM TO DISCOVER THE MUSEUM THROUGH FAMILY TOURS, ART MAKING WORKSHOPS AND THE DISTRIBUTION OF FREE GUIDES AND ACTIVITY PACKS. K-12 SCHOOL GROUPS PARTICIPATED IN INTERACTIVE MUSEUM TOURS THAT WERE CUSTOMIZED FOR BOTH TYPICALLY DEVELOPING CHILDREN AND THOSE WITH SPECIAL NEEDS. THE Guggenheim Museum ORGANIZED TWO GUGGENHEIM SOCIAL PRACTICE PROJECTS-ONE WITH MARC BAMUTHI JOSEPH AND THE OTHER BY LENKA CLAYTON AND JON RUBIN. BOTH PROJECTS ALONG WITH A CATALOGUE AND CURRICULUM PUBLICATION, WERE FUNDED BY A GRANT FROM THE EDMOND DE ROTHSCHILD FOUNDATION. GUGGENHEIM SOCIAL PRACTICE WAS LAUNCHED IN 2014 AS AN INITIATIVE COMMITTED TO EXPLORING WAYS IN WHICH ARTISTS CAN INITIATE PROJECTS THAT ENGAGE COMMUNITY PARTICIPANTS, TOGETHER WITH THE MUSEUM, TO FOSTER NEW FORMS OF PUBLIC ENGAGEMENT. AS A PART OF THIS SOCIAL PRACTICE INITIATIVE, the Guggenheim Foundation SUBSEQUENTLY RECEIVED A MAJOR GRANT FROM THE WILLIAM R. KENAN JR. CHARITABLE TRUST. THIS GRANT FUNDED A COMMISSION BY ARTIST AND ACTIVIST SHAUN LEONARDO, WHICH CULMINATED IN A PERFORMANCE AND SYMPOSIUM IN 2018. (4)Launched in April 2012, the Guggenheim UBS MAP Global Art Initiative (MAP) was a multi-year collaboration between the Guggenheim Foundation and UBS with a goal of creating awareness and access to contemporary art from regions underrepresented by art history: South and Southeast Asia, Latin America, and the Middle East and North Africa. The initiative ended in 2018 and had an impact on the emerging network of global art practitioners, which included artists, critics, curators and scholars from around the world, forging a new field of global art history and championing new ways of thinking about contemporary art. The final exhibition in the series, But a Storm Is Blowing from Paradise: Contemporary Art of the Middle East and North Africa premiered in 2018 at the Galleria dArte Moderna in Milan, Italy. In total, through the MAP project, the Guggenheim Foundation assembled a remarkable collection of 126 new works by 88 artists and collectives from 37 countries. MAPs online platform that was completed in 2018 extends the projects legacy as a permanent global exhibition and research resource. (5) Launched in March 2013, The Robert H. N. Ho Family Foundation Chinese Art Initiative was established to expand the discourse on contemporary art from Greater China by commissioning artists of Chinese origin to create major works that will enter the Guggenheim Foundation's collection and to present a series of exhibitions in conjunction with scholarly publications, lectures, and education programs. The initiative brought positive interest from Asia-based media, along with interest by national and arts publications. In 2018, the final exhibition, One Hand Clapping, organized by Xiaoyu Weng, Hou Hanru, and Kyung An, created a unique opportunity to create additional connections between the artists and the Guggenheim Museum's audience through multiple communication channels. A special appearance at the opening from Brooklyn Nets basketball player Jeremy Lin - whose likeness was featured in Lin Yilin's work - paved the way for subsequent coverage on the Nets website. (6) Guggenheim Abu Dhabi will be located in the cultural District of Saadiyat Island in Abu Dhabi, the capital of the United Arab Emirates (UAE). Designed by internationally renowned architect Frank Gehry, the future museum will house its own major modern and contemporary art collection and present special exhibitions that will include works from the Guggenheim Foundation's extensive collection. In 2018, the team worked on acquisition and collection research with projects such as commissioning Sarah Morris film Abu Dhabi, which became the first commissioned artwork for Guggenheim Abu Dhabis permanent collection. Form 990, Part VI, Section A, Line 1A THE FOUNDATION'S BY-LAWS PROVIDE THAT THE EXECUTIVE COMMITTEE MAY EXERCISE ALL OF THE POWERS OF THE BOARD DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, EXCEPT: (1) THE POWER TO ELECT OR REMOVE TRUSTEES OR OFFICERS ELECTED BY THE TRUSTEES, (2) THE POWER TO FILL VACANCIES WHICH MAY OCCUR IN THE BOARD OF TRUSTEES OR IN ANY COMMITTEE, (3) THE FIXING OF COMPENSATION OF TRUSTEES FOR SERVING ON THE BOARD OF TRUSTEES OR ANY COMMITTEE, (4) THE AMENDMENT OR REPEAL OF THE BY-LAWS OR THE ADOPTION OF NEW BY-LAWS, (5) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEATABLE, (6) THE APPROVAL OF A MERGER OR PLAN OF DISSOLUTION, (7) THE AUTHORIZATION OF THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE FOUNDATION, AND (8) THE APPROVAL OF AMENDMENTS TO THE CHARTER OF THE FOUNDATION. ON DECEMBER 31, 2018, THERE WERE 11 MEMBERS OF THE EXECUTIVE COMMITTEE. THERE ARE NO MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE NOT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 MARY SHARP CRONSON AND PAUL CRONSON, FAMILY RELATIONSHIP; PETER LAWSON-JOHNSTON, WENDY L-J. MCNEIL AND PETER LAWSON-JOHNSTON II, FAMILY AND BUSINESS RELATIONSHIPS; MARK WALTER, PETER LAWSON-JOHNSTON, WENDY L-J MCNEIL AND PETER LAWSON-JOHNSTON II, BUSINESS RELATIONSHIPS; ROBERT BAKER AND WILLIAM MACK, BUSINESS RELATIONSHIP; PAUL CRONSON AND MORTIMER DA SACKLER, BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 9 CATHERINE CARVER DUNN, TATE AMERICAS FOUNDATION 520 W. 27TH ST., #404, New York, NY 10001 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM WITH THE COOPERATION OF ITS FINANCE AND LEGAL DEPARTMENTS. IT IS THEN REVIEWED BY THE CONTROLLER, CHIEF FINANCIAL OFFICER, DEPUTY DIRECTOR, GENERAL COUNSEL AND ASSISTANT SECRETARY AND senior DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER. THE DRAFT OF FORM 990 IS THEN DISTRIBUTED TO THE AUDIT AND EXECUTIVE COMMITTEE MEMBERS FOR REVIEW. A MEETING IS HELD WITH THE AUDIT AND EXECUTIVE COMMITTEES FOR FURTHER REVIEW AND APPROVAL. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO THE CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, TRUSTEES AND OFFICERS DISCLOSE ANNUALLY IN WRITING ANY POTENTIAL OR ACTUAL CONFLICTS, AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT ARISE DURING THE YEAR. PROSPECTIVE TRUSTEES ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DISCLOSURES TOGETHER WITH THE DEPUTY DIRECTOR, GENERAL COUNSEL AND ASSISTANT SECRETARY. PURSUANT TO THE CODE OF ETHICS, EMPLOYEES COMPLETE AN ANNUAL CERTIFICATION IN WHICH THEY MUST DISCLOSE ANY TRANSACTIONS OR RELATIONSHIPS THAT MAY GIVE RISE TO A POTENTIAL OR ACTUAL CONFLICT OF INTEREST WITH THE FOUNDATION. IN ADDITION, EMPLOYEES CONSIDERING ENTERING INTO ANY SUCH TRANSACTION OR RELATIONSHIP MUST OBTAIN APPROVAL IN ADVANCE FROM EITHER THE EMPLOYEE'S SUPERVISOR OR THE ETHICS COMMITTEE, IN ACCORDANCE WITH THE CODE OF ETHICS. ALL NEW HIRES ARE PRESENTED WITH THE CODE OF ETHICS, WHICH IS ALSO AVAILABLE ELECTRONICALLY ON THE FOUNDATION'S INTRANET. HIGHLIGHTS OF THE POLICY ARE DISCUSSED DURING NEW HIRE ORIENTATION AND EXAMPLES ARE GIVEN. ALL NEW EMPLOYEES ARE ASKED TO SIGN A STATEMENT ATTESTING TO THE FACT THAT THEY HAVE BEEN GIVEN A COPY OF THE CODE OF ETHICS, THAT IT HAS BEEN EXPLAINED TO THEM, AND THAT THEY ARE RESPONSIBLE FOR ADHERING TO IT. IN ADDITION, REGULAR MEETINGS ARE HELD TO REVIEW THE CODE OF ETHICS WITH CURRENT STAFF. THE DIRECTOR, THE senior DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER, AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND ASSISTANT SECRETARY MUST DISCLOSE TO THE AUDIT COMMITTEE ANY TRANSACTION OR RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 The charter for the Compensation Committee of the Board of Trustees describes the process the Committee uses for determining the compensation of the director of the museum and foundation and other members of the executive staff of the foundation. In 2018, the "executive staff" of the Foundation included the Senior Deputy Director and Chief Operating Officer; the Deputy Director; General Counsel and Assistant Secretary; the Deputy Director, Advancement; the Deputy Director, Global Communications; the Director of the Peggy Guggenheim Collection; and the Artistic Director and Jennifer and David Stockman Chief Curator. That process includes: (1) review and approval by the Compensation Committee; (2) the use of comparable data; and (3) contemporaneous substantiation of the deliberations and decisions, reflected in the minutes of the compensation committee. The compensation committee consists entirely of Trustees who are not employees. In 2018, the committee used this process to determine the compensation of the director of the museum and foundation and the initial compensation of the incoming senior deputy director and chief operating officer and a severance payment to the outgoing senior deputy director and chief operating officer. FORM 990, PART VI, SECTION B, LINE 16a THE FOUNDATION DID NOT INVEST IN, CONTRIBUTE ASSETS TO, OR OTHERWISE PARTICIPATE IN ANY JOINT VENTURES WITH TAXABLE ENTITIES IN THE TAX YEAR, NOR DID IT INVEST IN, CONTRIBUTE ASSETS TO OR OTHERWISE PARTICIPATE IN ANY ARRANGEMENT IT BELIEVES IS SIMILAR TO A JOINT VENTURE WITH A TAXABLE ENTITY. HOWEVER, GIVEN THE BROAD DEFINITION OF "JOINT VENTURE OR SIMILAR ARRANGEMENT" IN THE INSTRUCTIONS TO THIS QUESTION, THE FOUNDATION ANSWERED THIS QUESTION "YES" IN RECOGNITION OF THE FACT THAT IT was A PARTY TO A CONTRACT WITH A TAXABLE ENTITY WHICH FUNDS CERTAIN MISSION-RELATED EXEMPT-PURPOSE ACTIVITIES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, AND FORMS 1023 AND 990-T ARE AVAILABLE UPON WRITTEN REQUEST OR A REQUEST MADE IN PERSON. THE FOUNDATION'S FORM 990 AND AUDITED FINANCIALS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART IX, LINE 11F Investment Management Fees In accordance with ASU 2016-14, the Foundation is reporting its investment management fees as part of net investment return on the financial statements rather than presenting the expense separately, as was done in prior years. The 2018 Form 990 reflects this change consistent with the financial statements. As such, the investment management fees are included in the net unrealized return rather than listed on the Statement of Functional Expenses. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS FOREIGN CURRENCY TRANSLATION (237,368) Guggenheimcom Inc 1071 Fifth Avenue New York NY 10128 134113745 ceased ops DE na c corp 0 0 0.55000 true false false false false false false false false false false false false false false false false false false false