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SOLOMON R GUGGENHEIM FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SOLOMON R GUGGENHEIM FOUNDATION (EIN 13-5562233)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-13
IRS object ID
202503179349302825
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-13T09:24:17-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN991856619PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172013ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN135562233EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOLOMON R GUGGENHEIM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOLOBusinessNameControlTxt
Phone2123604216PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11071 FIFTH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10128ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARTINE WESTERMANNPersonNm
Person TitleDIRECTOR AND CEOPersonTitleTxt
Phone2123604216PhoneNum
Signature2025-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL ROMANOPreparerPersonNm
PTINP00504182PTIN
Phone2125990100PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARTINE WESTERMANNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11071 FIFTH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10128ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$184,275,162GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GUGGENHEIM.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1937FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionCOMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O)ActivityOrMissionDesc
Voting Members Governing Body27VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee588TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$718,689TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$364,680NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$27,055,199PYContributionsGrantsAmt
CY Contributions Grants$40,080,599CYContributionsGrantsAmt
PY Program Service Revenue$34,202,215PYProgramServiceRevenueAmt
CY Program Service Revenue$34,459,412CYProgramServiceRevenueAmt
PY Investment Income$16,234,210PYInvestmentIncomeAmt
CY Investment Income$10,969,130CYInvestmentIncomeAmt
PY Other Revenue$5,105,479PYOtherRevenueAmt
CY Other Revenue$2,691,221CYOtherRevenueAmt
PY Total Revenue$82,597,103PYTotalRevenueAmt
CY Total Revenue$88,200,362CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$40,845,804PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$42,925,270CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$106,705PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$133,680CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,132,990CYTotalFundraisingExpenseAmt
PY Other Expenses$42,073,075PYOtherExpensesAmt
CY Other Expenses$41,823,588CYOtherExpensesAmt
PY Total Expenses$83,025,584PYTotalExpensesAmt
CY Total Expenses$84,882,538CYTotalExpensesAmt
PY Revenues Less Expenses-$428,481PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,317,824CYRevenuesLessExpensesAmt
Total Assets BOY$220,937,957TotalAssetsBOYAmt
Total Assets EOY$230,239,605TotalAssetsEOYAmt
Total Liabilities BOY$104,062,221TotalLiabilitiesBOYAmt
Total Liabilities EOY$107,434,102TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$116,875,736NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$122,805,503NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCOMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION (THE "FOUNDATION") COLLECTS, (CONTINUED ON SCHEDULE O)MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$26,396,111ExpenseAmt
Grant$0GrantAmt
Revenue$34,066,430RevenueAmt
DescDURING 2024, THE FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH MUSEUMS ARE OPEN TO THE PUBLIC, CONDUCT TOURS OF EXHIBITIONS AND PROVIDE EDUCATIONAL TEXTS FREE OF CHARGE IN FULLFILMENT OF THE FOUNDATION'S MISSION. THE GUGGENHEIM MUSEUM WAS OPEN TO THEPUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS. CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FOR FREE. (CONTINUED ON SCHEDULE O).Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$16,332,589ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescAS PART OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE FOUNDATION STUDIES THE ART IN THE FOUNDATION'S POSSESSION AND PLANS EXHIBITIONS FOR PUBLIC VIEWING. THE 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. THE 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. (CONTINUED ON SCHEDULE O)Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$5,801,324ExpenseAmt
Grant$0GrantAmt
Revenue$392,982RevenueAmt
DescTHE FOUNDATION'S EDUCATION AND PUBLIC PROGRAMMING DEPARTMENTS ENGAGED THE GENERAL PUBLIC THROUGH PROGRAMS FOR SCHOOLS, YOUTH, TEENS, FAMILY AND ADULT AUDIENCES. (CONTINUED ON SCHEDULE O).Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$7,846,114ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescDISSEMINATING CURRENT SCHOLARSHIP AND PROMOTING LEARNING ARE THE PRIMARY GOALS OF THE MANY EXHIBITION AND COLLECTION CATALOGUES PRODUCED BY THE FOUNDATION. PUBLICATIONS PRESENT SCHOLARLY AND INSTRUCTIVE ART HISTORICAL INFORMATION IN THE FORM OF ESSAYS THAT CONTEXTUALIZE ART WITHIN LARGER MOVEMENTS OR DISCIPLINES; IN-DEPTH DISCUSSIONS OF INDIVIDUAL ARTWORKS; INTERVIEWS WITH ARTISTS AND REFERENCE TOOLS SUCH AS BIBLIOGRAPHIES, BIOGRAPHIES, CHRONOLOGIES, AND EXHIBITION HISTORIES. PUBLICATIONS IN 2024 INCLUDED JENNY HOLZER: TRACE; ONLY THE YOUNG: EXPERIMENTAL ART IN KOREA: 1960S - 1970S; GOING DARK: THE CONTEMPORARY FIGURE AT THE EDGE OF VISIBILITY; AND HARMONY AND DISSONANCE:ORPHISM IN PARIS, 1910-1930.SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUE ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG INCLUDING MORE THAN 1,900 ARTWORKS BY MORE THAN 625 ARTISTS IN THE COLLECTION ONLINE. IN 2024 THE FOUNDATION PUBLISHED 5 NEW VIDEOS AND 197 NEW AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO 621 AND AUDIO TRACKS TO APPROXIMATELY 2,052.ADDITIONALLY, IN 2024, THE FOUNDATION PUBLISHED 8 NEW BLOG POSTS OFFERING INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER OF POSTS AVAILABLE ONLINE TO 1,120. IN 2024, GUGGENHEIM.ORG RECORDED 4,235,570 USER SESSIONS AND 22,459,067 PAGE VIEWS. THE GUGGENHEIM REMAINS COMMITTED TO CREATING A WELCOMING EXPERIENCE FOR ALL VISITORS BOTH ONSITE AND ONLINE. THE GUGGENHEIM DIGITAL GUIDE, AVAILABLE ON THE BLOOMBERG CONNECTS APP, CONTINUES TO PROVIDE RICH ENGAGEMENT FOR AUDIENCES. VERBAL DESCRIPTIONS ARE A CENTRAL FEATURE OF THIS EXPERIENCE AND SUPPORT ACCESSIBILITY AND INCLUSIVE STORYTELLING.IN 2024, MORE THAN 40 NEW VERBAL DESCRIPTION TRACKS WERE CREATED FOR THE EXHIBITIONS JENNY HOLZER: LIGHT LINE; BY WAY OF: MATERIAL AND MOTION IN THE GUGGENHEIM COLLECTION; HARMONY AND DISSONANCE: ORPHISM IN PARIS, 1910-1930; AND COLLECTION IN FOCUS: PIET MONDRIAN: EVER FURTHER.RECOGNIZING THAT MANY OF THE MUSEUM'S VISITORS ARE INTERNATIONAL, THE MUSEUM REMAINS COMMITTED TO A COMPREHENSIVE TRANSLATION STRATEGY. IN 2024, ITALIAN WAS ADDED AS A PRIMARY TRANSLATION LANGUAGE, ALONGSIDE SPANISH, AND THE MUSEUM ALSO INTEGRATED BLOOMBERG CONNECTS' GOOGLE TRANSLATE FEATURE TO BROADEN MULTILINGUAL ACCESS TO TEXT-BASED CONTENT.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$7,846,114TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$56,376,138TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document215IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee588EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCJForeignCountryCd
Foreign CountryITForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members27GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldLAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTXStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COLETTE CHESTNUTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2123604216PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11071 FIFTH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10128ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MARTINE WESTERMANN
DIRECTOR/CEO40.000.00Yes (X)Yes (X)$663,303$0$283,000
JON IMANOL AZUA
TRUSTEE2.000.00Yes (X)$0$0$0
LISA BAKER
TRUSTEE2.000.00Yes (X)$0$0$0
ABIGAIL WILLIAMS BARATTA
TRUSTEE5.000.00Yes (X)$0$0$0
CINDY CHUA-TAY
TRUSTEE2.000.00Yes (X)$0$0$0
PAUL CRONSON
TRUSTEE2.000.00Yes (X)$0$0$0
DIMITRIS DASKALOPOULOS
TRUSTEE/VICE-PRESIDENT (THRU 09/24)5.000.00Yes (X)Yes (X)$0$0$0
CHARLES M DIKER
TRUSTEE/VICE-PRESIDENT5.000.00Yes (X)Yes (X)$0$0$0
THOMAS R ELLIS
TRUSTEE/VICE-PRESIDENT5.000.00Yes (X)Yes (X)$0$0$0
GAIL MAY ENGELBERG
TRUSTEE5.000.00Yes (X)$0$0$0
WENDY FISHER
TRUSTEE/PRESIDENT8.000.00Yes (X)Yes (X)$0$0$0
ANDREW GUNDLACH
TRUSTEE2.000.00Yes (X)$0$0$0
J TOMILSON HILL
TRUSTEE/CHAIR8.000.00Yes (X)Yes (X)$0$0$0
FRANCESCA LAVAZZA
TRUSTEE2.000.00Yes (X)$0$0$0
PETER LAWSON-JOHNSTON
TRUSTEE/HONORARY CHAIR2.000.00Yes (X)Yes (X)$0$0$0
PETER LAWSON-JOHNSTON II
TRUSTEE2.000.00Yes (X)$0$0$0
WILLIAM L MACK
TRUSTEE/CHAIR EMERITUS5.000.00Yes (X)$0$0$0
WENDY L-J MCNEIL
TRUSTEE/VICE-PRESIDENT5.000.00Yes (X)Yes (X)$0$0$0
MITCHELL MORGAN
TRUSTEE2.000.00Yes (X)$0$0$0
CLAUDIA RANKINE
TRUSTEE2.000.00Yes (X)$0$0$0
STEPHEN ROBERT
TRUSTEE/TREASURER5.000.00Yes (X)Yes (X)$0$0$0
BRIAN ROBINSON
TRUSTEE2.000.00Yes (X)$0$0$0
DANIEL SALLICK
TRUSTEE (AS OF 12/24)2.000.00Yes (X)$0$0$0
HARVEY M SCHWARTZ
TRUSTEE2.000.00Yes (X)$0$0$0
SAMIRA SINE
TRUSTEE (AS OF 12/24)2.000.00Yes (X)$0$0$0
BARBARA SLIFKA
TRUSTEE1.000.00Yes (X)$0$0$0
MARK R WALTER
TRUSTEE1.000.00Yes (X)$0$0$0
FRANK YU
TRUSTEE2.000.00Yes (X)$0$0$0
SARAH G AUSTRIAN
DEP DIR, GEN COUNSEL & SEC.40.000.00Yes (X)$472,290$0$42,335
MARTHA WITHINGTON
DEP DIR, CFO AND INTERIM COO40.000.00Yes (X)$472,656$0$60,681
DANA WALLACH JONES
ASST GEN COUNSEL/ASST SECRETARY24.000.00Yes (X)$121,644$0$6,082
KAROLE VAIL
DIR, PEGGY GUGGENHEIM COLLECTION40.000.00$243,531$0$105,603Yes (X)
NAOMI BECKWITH
DEP DIR & STOCKMAN CHIEF CURATOR40.000.00$412,922$0$45,415Yes (X)
RONNI WEINSTEIN
ASSOCIATE GENERAL COUNSEL40.000.00$222,574$0$29,649Yes (X)
COLETTE CHESTNUT
CONTROLLER40.000.00$222,282$0$24,026Yes (X)
PATRICIA A JEFFERS
DEP DIR/CHIEF HR OFFICER(THRU 08/24)40.000.00$203,261$0$18,150Yes (X)
TY WOODFOLK - DEP DIRCHIEF
CULTURE & INCL. OFFICER (THRU 08/24)40.000.00$262,818$0$16,888Yes (X)
CYRA LEVENSON
DEP DIR&ENGELBERG DIR EDUC&PUB ENG40.000.00$246,337$0$50,178Yes (X)
RICHARD ARMSTRONG
DIRECTOR EMERITUS0.000.00$737,425$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,281,043TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$682,007TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K49IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmCountryContractorAddress/ForeignAddress/CountryCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCd
AMS INTERNATIONAL
GROSVENOR BIZ TOWERS 20TH/OFF 2011BARSHA HTS DUBAIAECONTRACT STAFFING$2,412,760
CROTHALL HEALTHCARE
JANITORIAL$1,161,0611500 LIBERTY RIDGE DRIVE 210WAYNEPA19087
ALLIED UNIVERSAL
SECURITY$1,133,89685 BROAD STREETNEW YORKNY10004
KIBOWORKS
FABRICATION$913,0259580 OAK AVE PKWY STE 7-211FOLSOMCA95630
FRAMESTORE
CONSULTING$609,50061 BROADWAY 32ND FLOORNEW YORKNY10006
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K31CntrctRcvdGreaterThan100KCnt
Membership Dues$3,493,742MembershipDuesAmt
Fundraising$2,403,728FundraisingAmt
Government Grants$557,068GovernmentGrantsAmt
All Other Contributions$33,626,061AllOtherContributionsAmt
Noncash Contributions$1,032,870NoncashContributionsAmt
Total Contributions$40,080,599TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ADMISSION INCOME712110$17,316,951$17,316,951
MUSEUM AND PROGRAM COLLABORATIONS712110$13,939,468$13,939,468
EXHIBITIONS712110$3,202,993$3,202,993
FieldValueIRS element (for citing)
Total Program Service Revenue$34,459,412TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,532,598TotalRevenueColumnAmt
Exclusion$3,532,598ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,072,550TotalRevenueColumnAmt
Unrelated Business Revenue$343,236UnrelatedBusinessRevenueAmt
Exclusion$1,729,314ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$118,886RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$137,783RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$18,897RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$18,897TotalRevenueColumnAmt
Exclusion-$18,897ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$100,284,824SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$92,848,292SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$7,436,532SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,436,532TotalRevenueColumnAmt
Exclusion$7,436,532ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$65,249FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$2,403,728ContriRptFundraisingEventAmt
Fundraising Direct Expenses$1,095,449FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,030,200TotalRevenueColumnAmt
Exclusion-$1,030,200ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,327,341GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,993,276CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$334,065TotalRevenueColumnAmt
Unrelated Business Revenue$375,453UnrelatedBusinessRevenueAmt
Exclusion-$41,388ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
CORPORATE EVENTS900099$904,926$904,926
RESTAURANT INCOME900099$404,478$404,478
MISCELLANEOUS INCOME900099$24,299$24,299
FieldValueIRS element (for citing)
Other Revenue Total$1,333,703OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$88,200,362TotalRevenueColumnAmt
Related Or Exempt Func Income$34,459,412RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$718,689UnrelatedBusinessRevenueAmt
Exclusion$12,941,662ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,666,888TotalAmt
Program Services$458,337ProgramServicesAmt
Management And General$3,208,551ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$737,425TotalAmt
Management And General$737,425ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$30,883,417TotalAmt
Program Services$22,424,690ProgramServicesAmt
Management And General$5,739,419ManagementAndGeneralAmt
Fundraising$2,719,308FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$945,306TotalAmt
Program Services$643,687ProgramServicesAmt
Management And General$242,848ManagementAndGeneralAmt
Fundraising$58,771FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,620,288TotalAmt
Program Services$2,807,171ProgramServicesAmt
Management And General$1,352,438ManagementAndGeneralAmt
Fundraising$460,679FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,071,946TotalAmt
Program Services$1,376,555ProgramServicesAmt
Management And General$516,207ManagementAndGeneralAmt
Fundraising$179,184FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,003,226TotalAmt
Program Services$780,712ProgramServicesAmt
Management And General$1,222,514ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$395,926TotalAmt
Management And General$395,926ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$101,896TotalAmt
Management And General$101,896ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$90,170TotalAmt
Management And General$90,170ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$133,680TotalAmt
Fundraising$133,680FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$160,355TotalAmt
Management And General$160,355ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,910,019TotalAmt
Program Services$6,195,549ProgramServicesAmt
Fundraising$714,470FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,196,444TotalAmt
Program Services$215,320ProgramServicesAmt
Management And General$970,559ManagementAndGeneralAmt
Fundraising$10,565FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,854,504TotalAmt
Program Services$791,472ProgramServicesAmt
Management And General$754,219ManagementAndGeneralAmt
Fundraising$308,813FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,754,090TotalAmt
Program Services$122,912ProgramServicesAmt
Management And General$1,631,178ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$18,817TotalAmt
Program Services$18,817ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,588,631TotalAmt
Program Services$7,628,324ProgramServicesAmt
Management And General$1,421,536ManagementAndGeneralAmt
Fundraising$538,771FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,486,893TotalAmt
Program Services$1,776,705ProgramServicesAmt
Management And General$391,384ManagementAndGeneralAmt
Fundraising$318,804FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$136,270TotalAmt
Fundraising$136,270FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,642,130TotalAmt
Program Services$1,363,338ProgramServicesAmt
Management And General$200,522ManagementAndGeneralAmt
Fundraising$78,270FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,117,156TotalAmt
Program Services$3,418,168ProgramServicesAmt
Management And General$502,750ManagementAndGeneralAmt
Fundraising$196,238FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,231,483TotalAmt
Program Services$662,023ProgramServicesAmt
Management And General$569,460ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
ART PURCHASES$2,654,642$2,654,642
ART SHIPPING & CRATING$1,725,914$1,680,598$37,077$8,239
SUPPLIES AND MATERIALS$1,345,999$774,044$559,919$12,036

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,409,023TotalAmt
Program Services$583,074ProgramServicesAmt
Management And General$1,567,057ManagementAndGeneralAmt
Fundraising$258,892FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$84,882,538TotalAmt
Program Services$56,376,138ProgramServicesAmt
Management And General$22,373,410ManagementAndGeneralAmt
Fundraising$6,132,990FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$18,872,618BOYAmt
EOY$14,924,412EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,871,196BOYAmt
EOY$7,942,184EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$15,594,909BOYAmt
EOY$12,736,551EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,978,740BOYAmt
EOY$2,390,114EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,004,499BOYAmt
EOY$147,546EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,156,014BOYAmt
EOY$336,744EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$126,501,147LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$89,516,085LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$40,298,470BOYAmt
EOY$36,985,062EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$58,575,573BOYAmt
EOY$127,812,564EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$56,673,608BOYAmt
EOY$4,236,574EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$18,912,330BOYAmt
EOY$22,727,854EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$220,937,957BOYAmt
EOY$230,239,605EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,664,796BOYAmt
EOY$8,308,111EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$38,500,003BOYAmt
EOY$38,903,154EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$32,082,207BOYAmt
EOY$32,097,172EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,815,215BOYAmt
EOY$28,125,665EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$104,062,221BOYAmt
EOY$107,434,102EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,901,531BOYAmt
EOY-$5,485,425EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$110,974,205BOYAmt
EOY$128,290,928EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$116,875,736BOYAmt
EOY$122,805,503EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$220,937,957BOYAmt
EOY$230,239,605EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,317,824ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,123,326NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$488,617OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,148,535CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$49,104,795CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,263,492CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,055,199CurrentTaxYearMinus1YearAmt
Current Tax Year$40,080,599CurrentTaxYearAmt
Total$187,652,620TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,148,535CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$49,104,795CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,263,492CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,055,199CurrentTaxYearMinus1YearAmt
Current Tax Year$40,080,599CurrentTaxYearAmt
Total$187,652,620TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$13,652,262SubstantialContributorsTotAmt
Public Support Total170$174,000,358PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,702,076CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,465,667CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,921,687CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,884,759CurrentTaxYearMinus1YearAmt
Current Tax Year$5,380,798CurrentTaxYearAmt
Total$15,354,987TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$156,554CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$262,895CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$605,042CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$907,498CurrentTaxYearMinus1YearAmt
Current Tax Year$718,689CurrentTaxYearAmt
Total$2,650,678TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,478,183CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,189,455CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,944,806CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,057,052CurrentTaxYearMinus1YearAmt
Current Tax Year$1,398,952CurrentTaxYearAmt
Total$10,068,448TotalAmt
FieldValueIRS element (for citing)
Total Support$215,726,733TotalSupportAmt
Gross Receipts Rltd Activities$134,342,386GrossReceiptsRltdActivitiesAmt
Public Support CY1700.80660PublicSupportCY170Pct
Public Support PY1700.78190PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationFUNDRAISING EVENTS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 917,868. 2022 AMOUNT: $ 1,069,606. 2023 AMOUNT: $ 62,629. 2024 AMOUNT: $ 65,249. ART SALE PROCEEDS - 2020 AMOUNT: $ 1,005,078. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 1,126,656. 2023 AMOUNT: $ 1,529,820. 2024 AMOUNT: $ 0. CORPORATE EVENTS - 2020 AMOUNT: $ 52,500. 2021 AMOUNT: $ 164,680. 2022 AMOUNT: $ 449,630. 2023 AMOUNT: $ 852,351. 2024 AMOUNT: $ 904,926. RESTAURANT INCOME - 2020 AMOUNT: $ 417,461. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 250,847. 2023 AMOUNT: $ 404,903. 2024 AMOUNT: $ 404,478. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 3,144. 2021 AMOUNT: $ 55,190. 2022 AMOUNT: $ 48,067. 2023 AMOUNT: $ 207,349. 2024 AMOUNT: $ 24,299. TAX REFUNDS/CREDITS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 51,717. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$45,140DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$45,140TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION'S RETAINED LOBBYIST AND A LIMITED NUMBER OF FOUNDATION EMPLOYEES MET DIRECTLY WITH NEW YORK CITY PUBLIC OFFICIALS, ON A LIMITED NUMBER OF OCCASIONS, TO DISCUSS ENGAGEMENT WITH CITY ELECTED OFFICIALS AND RELATED LEGISLATIVE PROPOSALS FOR MUSEUM FUNDING.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$1AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$124,582,031BeginningYearBalanceAmt
Contributions$16,197,588ContributionsAmt
Investment Earnings Or Losses$12,547,925InvestmentEarningsOrLossesAmt
Other Expenditures$13,222,245OtherExpendituresAmt
End Year Balance$140,105,299EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$123,177,187BeginningYearBalanceAmt
Contributions$6,189,734ContributionsAmt
Investment Earnings Or Losses$10,784,874InvestmentEarningsOrLossesAmt
Other Expenditures$15,569,764OtherExpendituresAmt
End Year Balance$124,582,031EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$133,766,250BeginningYearBalanceAmt
Contributions$11,353,253ContributionsAmt
Investment Earnings Or Losses-$17,977,519InvestmentEarningsOrLossesAmt
Other Expenditures$3,964,797OtherExpendituresAmt
End Year Balance$123,177,187EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$130,634,540BeginningYearBalanceAmt
Contributions$7,053,835ContributionsAmt
Investment Earnings Or Losses$5,188,548InvestmentEarningsOrLossesAmt
Other Expenditures$9,110,673OtherExpendituresAmt
End Year Balance$133,766,250EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$102,669,105BeginningYearBalanceAmt
Contributions$5,361,791ContributionsAmt
Investment Earnings Or Losses$18,665,464InvestmentEarningsOrLossesAmt
Other Expenditures-$3,938,180OtherExpendituresAmt
End Year Balance$130,634,540EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.20000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.80000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,906,643OtherCostOrOtherBasisAmt
Book Value$2,906,643BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$104,831,864OtherCostOrOtherBasisAmt
Depreciation$77,484,360DepreciationAmt
Book Value$27,347,504BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,621,406OtherCostOrOtherBasisAmt
Depreciation$9,103,349DepreciationAmt
Book Value$5,518,057BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,635,827OtherCostOrOtherBasisAmt
Depreciation$2,865,251DepreciationAmt
Book Value$770,576BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$505,407OtherCostOrOtherBasisAmt
Depreciation$63,125DepreciationAmt
Book Value$442,282BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$36,985,062TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRIGHT-OF-USE ASSETDesc
Book Value$22,727,854BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$22,727,854TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITYDesc
Amt$28,125,665Amt
FieldValueIRS element (for citing)
Total Liability$28,125,665TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$93,389,841TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,123,326NetUnrealizedGainsInvstAmt
Revenue Not Reported$2,123,326RevenueNotReportedAmt
Revenue Subtotal$91,266,515RevenueSubtotalAmt
Investment Expenses Not Incld$160,355InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$3,226,508OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$3,066,153RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$88,200,362TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$86,948,766TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$3,226,508OtherExpensesIncludedAmt
Expenses Not Reported$3,226,508ExpensesNotReportedAmt
Expenses Subtotal$83,722,258ExpensesSubtotalAmt
Investment Expenses Not Incld2$160,355InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$999,925OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,160,280ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$84,882,538TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A: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 FOR COLLECTION ITEMS PURCHASED AND DIRECT CARE OF THE COLLECTION, THE COST OF ALL COLLECTION ITEMS PURCHASED AND PROCEEDS FROM THE SALE OF DEACCESSIONED ART ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES.
PART III, LINE 4:THE FOUNDATION'S PERMANENT COLLECTION WAS FORMED IN LARGE PART THROUGH THE ACQUISITION OF NOTABLE PRIVATE COLLECTIONS, AUGMENTED BY 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.
PART V, LINE 4:THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR EDUCATIONAL PROGRAMS, IN SUPPORT OF CURATORIAL AND EDUCATION POSITIONS AND FOR ART PURCHASES, SCHOLARLY PUBLICATIONS, EXHIBITIONS, THE INTERNATIONAL FELLOWSHIP PROGRAM AT THE PGC, CONSERVATION AND COLLECTION CARE, A CONSERVATION FELLOWSHIP, AND FOR GENERAL SUPPORT OF THE FOUNDATION'S OPERATIONS.
PART X, LINE 2:THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE ("THE CODE"), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED UNDER THE CODE. THE FOUNDATION'S PGC OPERATIONS ARE SUBJECT TO TAXATION IN ITALY. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS WITH WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:COST OF GOODS SOLD -1,993,276. RENTAL EXPENSES -137,783. FUNDRAISING EXPENSES -1,095,449.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 1,993,276. RENTAL EXPENSES 137,783. FUNDRAISING EXPENSES 1,095,449.
PART XII, LINE 4B - OTHER ADJUSTMENTS:PENSION PLAN ADJUSTMENTS 999,925.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (11 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND)149PROGRAM SERVICESPEGGY GUGGENHEIM COLLECTION$9,864,324
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICESEXHIBITIONS$641,187
EUROPE (INCLUDING ICELAND & GREENLAND)00PROGRAM SERVICESGUGGENHEIM ABU DHABI$766,393
MIDDLE EAST AND NORTH AFRICA136PROGRAM SERVICESGUGGENHEIM ABU DHABI$2,322,932
NORTH AMERICA - CANADA AND MEXICO00PROGRAM SERVICESGUGGENHEIM ABU DHABI$54,246
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM SERVICESGUGGENHEIM ABU DHABI$5,870
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESGUGGENHEIM ABU DHABI$49,857
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESEXHIBITIONS$17,596
SOUTH ASIA00PROGRAM SERVICESGUGGENHEIM ABU DHABI$16,532
SUB-SAHARAN AFRICA00PROGRAM SERVICESGUGGENHEIM ABU DHABI$3,847
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$1,556,014
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees85SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office2TotalOfficeCnt
Total Employee85TotalEmployeeCnt
Subtotal Spent$13,722,405SubtotalSpentAmt
Continuation Spent$1,576,393ContinuationSpentAmt
Total Spent$15,298,798TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott CountriesYes (1)BoycottCountriesInd

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1DANILLER AND COMPANYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13724 JEFFERSON STAddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78731ZIPCd
FieldValueIRS element (for citing)
ActivityFUNDRAISING CONSULTINGActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$835,451GrossReceiptsAmt
Retained By Contractor$133,680RetainedByContractorAmt
Net To Organization$701,771NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$835,451TotalGrossReceiptsAmt
Total Retained By Contractors$133,680TotalRetainedByContractorsAmt
Total Net To Organization$701,771TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesAZLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesTXLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FALL INT'L GALAEvent1Nm
Gross Receipts Event1$2,267,422GrossReceiptsEvent1Amt
Charitable Contri Event1$2,234,762CharitableContriEvent1Amt
Gross Revenue Event1$32,660GrossRevenueEvent1Amt
Other Direct Expenses Event1$830,970OtherDirectExpensesEvent1Amt
Event2YCC PARTYEvent2Nm
Gross Receipts Event2$131,450GrossReceiptsEvent2Amt
Charitable Contri Event2$104,795CharitableContriEvent2Amt
Gross Revenue Event2$26,655GrossRevenueEvent2Amt
Other Direct Expenses Event2$220,217OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$70,105GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$64,171CharitableContriOtherEventsAmt
Gross Revenue Other Events$5,934GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$44,262OthDirectExpnssOtherEventsAmt
Gross Receipts Total$2,468,977GrossReceiptsTotalAmt
Charitable Contributions Tot$2,403,728CharitableContributionsTotAmt
Gross Revenue Total Events$65,249GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$1,095,449OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$1,095,449DirectExpenseSummaryEventsAmt
Net Income Summary-$1,030,200NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARTINE WESTERMANN
DIRECTOR/CEO$663,303$0$0$0$0$0$262,500$0$20,500$0$946,303$0$0$0
RICHARD ARMSTRONG
DIRECTOR EMERITUS$0$0$0$0$737,425$0$0$0$0$0$737,425$0$737,425$0
MARTHA WITHINGTON
DEP DIR, CFO AND INTERIM COO$472,656$0$0$0$0$0$18,975$0$41,706$0$533,337$0$0$0
SARAH G AUSTRIAN
DEP DIR, GEN COUNSEL & SEC.$472,290$0$0$0$0$0$25,875$0$16,460$0$514,625$0$0$0
NAOMI BECKWITH
DEP DIR & STOCKMAN CHIEF CURATOR$412,922$0$0$0$0$0$18,975$0$26,440$0$458,337$0$0$0
KAROLE VAIL
DIR, PEGGY GUGGENHEIM COLLECTION$243,531$0$0$0$0$0$19,482$0$86,121$0$349,134$0$0$0
CYRA LEVENSON
DEP DIR&ENGELBERG DIR EDUC&PUB ENG$246,337$0$0$0$0$0$13,933$0$36,245$0$296,515$0$0$0
TY WOODFOLK - DEP DIRCHIEF
CULTURE & INCL. OFFICER (THRU 08/24)$173,118$0$0$0$89,700$0$7,286$0$9,602$0$279,706$0$0$0
RONNI WEINSTEIN
ASSOCIATE GENERAL COUNSEL$222,574$0$0$0$0$0$12,647$0$17,002$0$252,223$0$0$0
COLETTE CHESTNUT
CONTROLLER$222,282$0$0$0$0$0$5,030$0$18,996$0$246,308$0$0$0
PATRICIA A JEFFERS
DEP DIR/CHIEF HR OFFICER(THRU 08/24)$203,261$0$0$0$0$0$4,769$0$13,381$0$221,411$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINES 4A-BFormAndLineReferenceDesc
ExplanationLINE 4A: END OF SERVICE PAYMENT PURSUANT TO AN AGREEMENT, THE DEPUTY DIRECTOR AND CHIEF CULTURE AND INCLUSION OFFICER RECEIVED AN END-OF-SERVICE PAYMENT REPORTED ON SCHEDULE J, PART II, COLUMN B(III). LINE 4B: NONQUALIFIED RETIREMENT PLAN THE FORMER DIRECTOR OF THE MUSEUM AND FOUNDATION PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. ALL AMOUNTS PAID OUT ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). UNDER A MULTI-YEAR CONTRACTUAL AGREEMENT WITH THE DIRECTOR/CEO, SCHEDULE J, PART II, COLUMN C INCLUDES DEFERRED COMPENSATION OF $262,500.ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution25ContributionCnt
Method Of Determining RevenuesN/AMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution30ContributionCnt
Noncash Contributions Rpt F990$1,032,870NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, COLUMN (B):THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED.
PART I, LINE 32B:THE FOUNDATION ENGAGES THIRD PARTIES TO SELL DEACCESSIONED WORKS OF ART AND WORKS OF ART THAT HAVE NOT BEEN ACCESSIONED. SCHEDULE M, 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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1 & PART III, LINE 1:MISSION STATEMENT (CONTINUED) PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART, 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):THE 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 MODERN AND CONTEMPORARY ART COLLECTION AND PRESENT SPECIAL EXHIBITIONS. EXHIBITIONS PRESENTED IN 2024 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK (THE "GUGGENHEIM MUSEUM") INCLUDED: ONLY THE YOUNG: EXPERIMENTAL ART IN KOREA, 1960S-1970S (SEPTEMBER 1, 2023 TO JANUARY 7, 2024); GOING DARK: THE CONTEMPORARY FIGURE AT THE EDGE OF VISIBILITY (OCTOBER 20, 2023 TO APRIL 7, 2024); BY WAY OF: MATERIAL AND MOTION IN THE GUGGENHEIM COLLECTION (MARCH 15, 2024 TO JUNE 8, 2025); JENNY HOLZER; LIGHT LINE (MAY 17, 2024 TO SEPTEMBER 29, 2024); HARMONY AND DISSONANCE: ORPHISM IN PARIS, 1910-1930 (NOVEMBER 8, 2024 TO MARCH 9, 2025); AND COLLECTION IN FOCUS - PIET MONDRIAN: EVER FURTHER (NOVEMBER 22, 2024 TO APRIL 20, 2025). IMPRESSIONIST, POST-IMPRESSIONIST AND MODERN SELECTIONS FROM THE GUGGENHEIM MUSEUM'S THANNHAUSER COLLECTION WERE ALSO ON VIEW, INCLUDING WORKS BY DEGAS, MANET, PICASSO, AND VAN GOGH. EXHIBITIONS PRESENTED IN 2024 AT THE PEGGY GUGGENHEIM COLLECTION IN VENICE INCLUDED: MARCEL DUCHAMP AND THE LURE OF THE COPY (OCTOBER 14, 2023 TO MARCH 18, 2024); JEAN COCTEAU: THE JUGGLER'S REVENGE (APRIL 13 TO SEPTEMBER 16, 2024); AND MARINA APOLLONIO: BEYOND THE CIRCLE (OCTOBER 12, 2024 TO MARCH 3, 2025). SELECTIONS FROM THE PEGGY GUGGENHEIM COLLECTION AND THE HANNELORE B. AND RUDOLPH B. SCHULHOF COLLECTION WERE ALSO ON VIEW. EXHIBITIONS PRESENTED IN 2024 AT THE GUGGENHEIM MUSEUM BILBAO INCLUDED: PICASSO SCULPTOR. MATTER AND BODY (SEPTEMBER 29, 2023 TO JANUARY 14, 2024); GIOVANNI ANSELMO: BEYOND THE HORIZON (FEBRUARY 9 TO MAY 19, 2024); SIGNS AND OBJECTS. POP ART FROM THE GUGGENHEIM COLLECTION (FEBRUARY 16 TO SEPTEMBER 15, 2024); METAHAVEN: CHAOS THEORY (FEBRUARY 22 TO JUNE 9, 2024); JUNE CRESPO. VASCULAR (MARCH 1 TO JUNE 9, 2024); MARTHA JUNGWIRTH (JUNE 7 TO SEPTEMBER 22, 2024); ANTHONY MCALL: SPLIT SECOND (JUNE 19 TO NOVEMBER 10, 2024); YOSHITOMO NARA (JUNE 28 TO NOVEMBER 3, 2024); HILMA AF KLINT (OCTOBER 18, 2024 TO FEBRUARY 2, 2025); AND PAUL PFEIFFER: PROLOGUE TO THE STORY OF THE BIRTH OF FREEDOM (NOVEMBER 30, 2024 TO MARCH 16, 2025). SELECTIONS FROM THE GUGGENHEIM MUSEUM BILBAO COLLECTION WERE ALSO ON VIEW THROUGHOUT THE YEAR.
FORM 990, PART III, LINE 4B (CONTINUED):THE 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. IN 2024, THE FOUNDATION PURCHASED 34 WORKS BY 20 ARTISTS THAT INCLUDED WORKS FROM ARTISTS THAT WERE EXHIBITED IN 2024 AND THOSE THAT WERE NEW TO THE COLLECTION CONTINUING TO FURTHER THE FOUNDATION'S COMMITMENT TO EXPANDING THE PURVIEW OF ITS INTERPRETATION AND PRESENTATION OF MODERN AND CONTEMPORARY ART. THE ACQUISITIONS COMPRISE ARTWORKS ACROSS VARIOUS MEDIUMS AND HIGHLIGHTS INCLUDE WORKS BY MANAL ALDOWAYAN, AMERICAN ARTIST, ALVARO BARRIOS, TRACEY EMIN, TIONA NEKKIA MCCLODDEN, DELCY MORELOS, LORNA SIMPSON, AND MING SMITH. 25 GIFTS OF ART WERE MADE TO THE FOUNDATION IN 2024, MANY OF WHICH ENHANCED THE FOUNDATION'S HOLDINGS OF LATIN AMERICAN ART AND INCLUDE WORKS BY TADASKIA, MADELENA SANTOS REINBOLT, VALENTINA LIERNER, LORIEL BELTRAN, AND GEGO. THE FOUNDATION RECEIVED ITS FIRST GIFT OF AN AUGMENTED REALTY WORK BY AHMET OGUT, MARKING A SIGNIFICANT MILESTONE IN THE FOUNDATION'S ACQUISITION OF DIGITAL AND INTERACTIVE ART.
FORM 990, PART III, LINE 4C (CONTINUED):LEARNING THROUGH ART (LTA) IS THE FOUNDATION'S HALLMARK ARTIST-IN-RESIDENCY PROGRAM THAT SENDS EXPERIENCED TEACHING ARTISTS INTO NEW YORK CITY PUBLIC SCHOOLS WHERE THEY COLLABORATE WITH CLASSROOM TEACHERS TO DEVELOP, FACILITATE, AND INTEGRATE ART PROJECTS INTO THE SCHOOL CURRICULUM BY OFFERING NEW INSIGHTS INTO ART AND CHALLENGING STUDENTS TO THINK CRITICALLY ABOUT ART AND ITS IDEAS. DURING THE TWENTY-WEEK, IN-SCHOOL RESIDENCIES (FALL 2023-SPRING 2024), 1425 STUDENTS THROUGHOUT THE FIVE BOROUGHS EXAMINED, DISCUSSED, AND CREATED WORKS OF ART. VISITS TO THE GUGGENHEIM MUSEUM SUPPORT THE RESIDENCIES. AT THE END OF THE RESIDENCY, 225 SELECTED STUDENT WORKS WERE PRESENTED IN THE ANNUAL A YEAR WITH CHILDREN EXHIBITION HELD AT THE GUGGENHEIM MUSEUM. IN 2024, PROGRAMS FOR TEENS BETWEEN THE AGES OF 13 TO 18 YEARS ENGAGED 3,046 TEENS IN THE GUGG TEENS COLLABORATIVE, TEEN TUESDAYS, TEEN FEST AND THE ART DETECTIVES SUMMER PROGRAM THAT FOCUSES ON ART CONSERVATION. OVER 100 INDIVIDUALS ATTENDED ART CAMPS FOR CHILDREN, TEENS AND FAMILIES DURING SEASONAL BREAKS AND HOLIDAYS PROVIDING HANDS-ON-ART-MAKING WORKSHOPS. THE FOUNDATION ALSO CONTINUED ITS COMMITMENT TO ACCESSIBILITY FOR VISITORS WITH DISABILITIES WITH THE GUGGENHEIM FOR ALL PROGRAMMING WHICH AIMS TO PROVIDE A DEVELOPMENTALLY SOUND MUSEUM EXPERIENCE AND ART-MAKING OPPORTUNITY FOR STUDENTS ON THE AUTISM SPECTRUM. THE FOUNDATION ALSO WELCOMED OVER 6,500 K-12 STUDENTS AND CHAPERONES AND UNIVERSITY STUDENTS FOR ON-SITE TOURS. THE FOUNDATION'S MIND'S EYE PROGRAMS ARE DESIGNED TO EXPAND ACCESS TO WORKS OF ART THROUGH MULTISENSORY EXPLORATION WITH TOURS AND WORKSHOPS DESIGNED FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. THE PROGRAMS ARE CONDUCTED BY ARTS AND EDUCATION PROFESSIONALS THROUGH VERBAL DESCRIPTION AUDIO GUIDES, CONVERSATIONS, SENSORY EXPERIENCES AND CREATIVE PRACTICE. OVER 100 INDIVIDUALS PARTICIPATED IN ONLINE, MULT-SESSION PROGRAMS ROOTED IN ART, ARCHITECTURE AND CREATIVE PRACTICE INCLUDING COLOR THEORY, STILL LIFE AND DRAWING COURSES. THE FOUNDATION'S PUBLIC PROGRAMS DEPARTMENT SAW OVER 4,000 VISITORS ATTENDING LECTURES, SYMPOSIA, PERFORMANCES AND OTHER PROGRAMS THROUGHOUT 2024, INCLUDING ITS POPULAR LATE SHIFT, AN AFTER-HOURS EXPERIENCE FOR ATTENDEES EXPLORE THE MUSEUM'S GALLERIES AND PARTICIPATE IN CURATED INTERACTIVE EXPERIENCES, AND PROGRAMS IN CONNECTION WITH THE POET-IN-RESIDENCE INITIATIVE SPONSORED BY VAN CLEEF & ARPELS AND PRESENTED IN COLLABORATION WITH THE ACADEMY OF AMERICAN POETS.
FORM 990, PART VI, SECTION A, LINE 1ATHE FOUNDATION'S BY-LAWS PROVIDE THAT THE EXECUTIVE COMMITTEE MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, 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, 2024, THERE WERE 8 MEMBERS OF THE EXECUTIVE COMMITTEE. THERE ARE NO MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE NOT TRUSTEES.
FORM 990, PART VI, SECTION A, LINE 2PETER LAWSON-JOHNSTON, WENDY L-J. MCNEIL AND PETER LAWSON-JOHNSTON II, FAMILY RELATIONSHIP; PETER LAWSON-JOHNSTON II AND MARK WALTER, BUSINESS RELATIONSHIP; LISA BAKER AND WILLIAM MACK, BUSINESS RELATIONSHIP; ANDREW GUNDLACH AND J. TOMILSON HILL, BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11BTHE FOUNDATION'S FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM WITH THE SUPPORT OF THE FOUNDATION'S FINANCE AND LEGAL DEPARTMENTS. IT IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY. THE DRAFT OF FORM 990 IS THEN DISTRIBUTED TO THE AUDIT AND EXECUTIVE COMMITTEE MEMBERS AND A MEETING IS HELD WITH THE AUDIT AND EXECUTIVE COMMITTEES FOR FINAL REVIEW AND APPROVAL. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CPURSUANT 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 SECRETARY. PURSUANT TO THE CODE OF ETHICS, EMPLOYEES 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 ADVANCE APPROVAL 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. 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. THE DIRECTOR, THE CHIEF OPERATING OFFICER AND THE DEPUTY DIRECTOR, GENERAL COUNSEL AND 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 15THE CHARTER FOR THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DESCRIBES THE PROCESS THE COMMITTEE USES FOR DETERMINING THE COMPENSATION OF THE DIRECTOR AND CHIEF EXECUTIVE OFFICER OF THE FOUNDATION AND THE FOLLOWING OFFICERS AND KEY EMPLOYEES: (1) DIRECTOR OF THE PEGGY GUGGENHEIM COLLECTION, (2) DEPUTY DIRECTOR, CHIEF FINANCIAL OFFICER AND INTERIM CHIEF OPERATING OFFICER, (3) DEPUTY DIRECTOR AND JENNIFER AND DAVID STOCKMAN CHIEF CURATOR, (4) DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY, AND (5) DEPUTY DIRECTOR, CHIEF DEVELOPMENT OFFICER. THAT PROCESS INCLUDES: (1) REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE; (2) THE USE OF COMPARABILITY DATA; AND (3) CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND DECISIONS WHICH ARE REFLECTED IN THE MINUTES OF THE COMPENSATION COMMITTEE MEETINGS. MEMBERS OF THE COMPENSATION COMMITTEE ONLY INCLUDE TRUSTEES OF THE FOUNDATION AND NO EMPLOYEES. THE PROCESS WAS LAST UNDERTAKEN FOR THE DIRECTOR AND CHIEF EXECUTIVE OFFICER OF THE FOUNDATION IN 2023 AND FOR THE ABOVE-NAMED OFFICERS AND KEY EMPLOYEES IN 2024.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, AND FORMS 1023 AND 990-T ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FORM 990 AND AUDITED FINANCIALS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.
FORM 990, PART XI, LINE 9:PENSION PLAN ADJUSTMENTS 999,925. FOREIGN CURRENCY TRANSLATION ADJUSTMENT -511,308.
IN 2019, THE FASB UPDATED THE DEFINITION OF COLLECTIONS (ASU 2019-03TOPIC 958) TO PERMIT THE USE OF SALES PROCEEDS FROM DEACCESSIONED COLLECTION ITEMS FOR THE DIRECT CARE OF THE COLLECTION, IN ADDITION TO THE ACQUISITION OF NEW COLLECTION ITEMS. THE FOUNDATION'S COLLECTION MANAGEMENT POLICY IS IN ALIGNMENT WITH FASB, ASSOCIATION OF ART MUSEUM DIRECTORS GUIDELINES, AND NEW YORK LAW. DURING 2024 THE FOUNDATION USED $194,789 OF FUNDS FROM DEACCESSIONING TO SUPPORT THE DIRECT CARE OF THE COLLECTION.

Schedule R IRS990ScheduleR

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Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
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Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
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Div Related Organization0DivRelatedOrganizationInd
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Asset Exchange0AssetExchangeInd
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Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
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Paid Employees Sharing0PaidEmployeesSharingInd
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Transfer To Other Org0TransferToOtherOrgInd
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