2025-11-13T09:24:17-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 135562233 SOLOMON R GUGGENHEIM FOUNDATION SOLO 2123604216 1071 FIFTH AVENUE NEW YORK NY 10128 MARTINE WESTERMANN DIRECTOR AND CEO 2123604216 2025-11-13 1 1 DANIEL ROMANO P00504182 2125990100 2024 2025-03-06 01:10:19Z MARTINE WESTERMANN 1071 FIFTH AVENUE NEW YORK NY 10128 184275162 0 X WWW.GUGGENHEIM.ORG X 1937 NY COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O) 27 26 588 0 718689 364680 27055199 40080599 34202215 34459412 16234210 10969130 5105479 2691221 82597103 88200362 0 0 0 0 40845804 42925270 106705 133680 6132990 42073075 41823588 83025584 84882538 -428481 3317824 220937957 230239605 104062221 107434102 116875736 122805503 X COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION (THE "FOUNDATION") COLLECTS, (CONTINUED ON SCHEDULE O) 0 0 26396111 0 34066430 DURING 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). 16332589 0 0 AS 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) 5801324 0 392982 THE 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). 7846114 0 0 DISSEMINATING 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. 7846114 0 0 56376138 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 215 0 1 588 1 1 1 1 CJ IT 0 0 0 1 1 0 0 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 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 COLETTE CHESTNUT 2123604216 1071 FIFTH AVENUE NEW YORK NY 10128 MARTINE WESTERMANN DIRECTOR/CEO 40.00 0.00 X X 663303 0 283000 JON IMANOL AZUA TRUSTEE 2.00 0.00 X 0 0 0 LISA BAKER TRUSTEE 2.00 0.00 X 0 0 0 ABIGAIL WILLIAMS BARATTA TRUSTEE 5.00 0.00 X 0 0 0 CINDY CHUA-TAY TRUSTEE 2.00 0.00 X 0 0 0 PAUL CRONSON TRUSTEE 2.00 0.00 X 0 0 0 DIMITRIS DASKALOPOULOS TRUSTEE/VICE-PRESIDENT (THRU 09/24) 5.00 0.00 X X 0 0 0 CHARLES M DIKER TRUSTEE/VICE-PRESIDENT 5.00 0.00 X X 0 0 0 THOMAS R ELLIS TRUSTEE/VICE-PRESIDENT 5.00 0.00 X X 0 0 0 GAIL MAY ENGELBERG TRUSTEE 5.00 0.00 X 0 0 0 WENDY FISHER TRUSTEE/PRESIDENT 8.00 0.00 X X 0 0 0 ANDREW GUNDLACH TRUSTEE 2.00 0.00 X 0 0 0 J TOMILSON HILL TRUSTEE/CHAIR 8.00 0.00 X X 0 0 0 FRANCESCA LAVAZZA TRUSTEE 2.00 0.00 X 0 0 0 PETER LAWSON-JOHNSTON TRUSTEE/HONORARY CHAIR 2.00 0.00 X X 0 0 0 PETER LAWSON-JOHNSTON II TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM L MACK TRUSTEE/CHAIR EMERITUS 5.00 0.00 X 0 0 0 WENDY L-J MCNEIL TRUSTEE/VICE-PRESIDENT 5.00 0.00 X X 0 0 0 MITCHELL MORGAN TRUSTEE 2.00 0.00 X 0 0 0 CLAUDIA RANKINE TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN ROBERT TRUSTEE/TREASURER 5.00 0.00 X X 0 0 0 BRIAN ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 DANIEL SALLICK TRUSTEE (AS OF 12/24) 2.00 0.00 X 0 0 0 HARVEY M SCHWARTZ TRUSTEE 2.00 0.00 X 0 0 0 SAMIRA SINE TRUSTEE (AS OF 12/24) 2.00 0.00 X 0 0 0 BARBARA SLIFKA TRUSTEE 1.00 0.00 X 0 0 0 MARK R WALTER TRUSTEE 1.00 0.00 X 0 0 0 FRANK YU TRUSTEE 2.00 0.00 X 0 0 0 SARAH G AUSTRIAN DEP DIR, GEN COUNSEL & SEC. 40.00 0.00 X 472290 0 42335 MARTHA WITHINGTON DEP DIR, CFO AND INTERIM COO 40.00 0.00 X 472656 0 60681 DANA WALLACH JONES ASST GEN COUNSEL/ASST SECRETARY 24.00 0.00 X 121644 0 6082 KAROLE VAIL DIR, PEGGY GUGGENHEIM COLLECTION 40.00 0.00 X 243531 0 105603 NAOMI BECKWITH DEP DIR & STOCKMAN CHIEF CURATOR 40.00 0.00 X 412922 0 45415 RONNI WEINSTEIN ASSOCIATE GENERAL COUNSEL 40.00 0.00 X 222574 0 29649 COLETTE CHESTNUT CONTROLLER 40.00 0.00 X 222282 0 24026 PATRICIA A JEFFERS DEP DIR/CHIEF HR OFFICER(THRU 08/24) 40.00 0.00 X 203261 0 18150 TY WOODFOLK - DEP DIRCHIEF CULTURE & INCL. OFFICER (THRU 08/24) 40.00 0.00 X 262818 0 16888 CYRA LEVENSON DEP DIR&ENGELBERG DIR EDUC&PUB ENG 40.00 0.00 X 246337 0 50178 RICHARD ARMSTRONG DIRECTOR EMERITUS 0.00 0.00 X 737425 0 0 4281043 0 682007 49 1 1 0 AMS INTERNATIONAL GROSVENOR BIZ TOWERS 20TH/OFF 2011 BARSHA HTS DUBAI AE CONTRACT STAFFING 2412760 CROTHALL HEALTHCARE 1500 LIBERTY RIDGE DRIVE 210 WAYNE PA 19087 JANITORIAL 1161061 ALLIED UNIVERSAL 85 BROAD STREET NEW YORK NY 10004 SECURITY 1133896 KIBOWORKS 9580 OAK AVE PKWY STE 7-211 FOLSOM CA 95630 FABRICATION 913025 FRAMESTORE 61 BROADWAY 32ND FLOOR NEW YORK NY 10006 CONSULTING 609500 31 3493742 2403728 557068 33626061 1032870 40080599 ADMISSION INCOME 712110 17316951 17316951 MUSEUM AND PROGRAM COLLABORATIONS 712110 13939468 13939468 EXHIBITIONS 712110 3202993 3202993 34459412 3532598 3532598 2072550 343236 1729314 118886 137783 -18897 -18897 -18897 100284824 92848292 7436532 7436532 7436532 65249 2403728 1095449 -1030200 -1030200 2327341 1993276 334065 375453 -41388 CORPORATE EVENTS 900099 904926 904926 RESTAURANT INCOME 900099 404478 404478 MISCELLANEOUS INCOME 900099 24299 24299 1333703 88200362 34459412 718689 12941662 3666888 458337 3208551 737425 737425 30883417 22424690 5739419 2719308 945306 643687 242848 58771 4620288 2807171 1352438 460679 2071946 1376555 516207 179184 2003226 780712 1222514 395926 395926 101896 101896 90170 90170 133680 133680 160355 160355 6910019 6195549 714470 1196444 215320 970559 10565 1854504 791472 754219 308813 1754090 122912 1631178 18817 18817 9588631 7628324 1421536 538771 2486893 1776705 391384 318804 136270 136270 1642130 1363338 200522 78270 4117156 3418168 502750 196238 1231483 662023 569460 ART PURCHASES 2654642 2654642 ART SHIPPING & CRATING 1725914 1680598 37077 8239 SUPPLIES AND MATERIALS 1345999 774044 559919 12036 2409023 583074 1567057 258892 84882538 56376138 22373410 6132990 18872618 14924412 6871196 7942184 15594909 12736551 2978740 2390114 1004499 147546 1156014 336744 126501147 89516085 40298470 36985062 58575573 127812564 56673608 4236574 18912330 22727854 220937957 230239605 8664796 8308111 38500003 38903154 32082207 32097172 24815215 28125665 104062221 107434102 X 5901531 -5485425 110974205 128290928 116875736 122805503 220937957 230239605 X 3317824 2123326 488617 X X 0 1 X 1 0 X 27148535 49104795 44263492 27055199 40080599 187652620 27148535 49104795 44263492 27055199 40080599 187652620 13652262 174000358 1702076 1465667 2921687 3884759 5380798 15354987 156554 262895 605042 907498 718689 2650678 1478183 1189455 2944806 3057052 1398952 10068448 215726733 134342386 0.80660 0.78190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 45140 0 0 45140 0 PART II-B, LINE 1: THE 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. 1 X X X X 0 124582031 16197588 12547925 13222245 140105299 123177187 6189734 10784874 15569764 124582031 133766250 11353253 -17977519 3964797 123177187 130634540 7053835 5188548 9110673 133766250 102669105 5361791 18665464 -3938180 130634540 0.20000 0.80000 0 0 2906643 2906643 104831864 77484360 27347504 14621406 9103349 5518057 3635827 2865251 770576 505407 63125 442282 36985062 RIGHT-OF-USE ASSET 22727854 22727854 LEASE LIABILITY 28125665 28125665 X 93389841 2123326 2123326 91266515 160355 -3226508 -3066153 88200362 86948766 3226508 3226508 83722258 160355 999925 1160280 84882538 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. EUROPE (INCLUDING ICELAND & GREENLAND) 1 49 PROGRAM SERVICES PEGGY GUGGENHEIM COLLECTION 9864324 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EXHIBITIONS 641187 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GUGGENHEIM ABU DHABI 766393 MIDDLE EAST AND NORTH AFRICA 1 36 PROGRAM SERVICES GUGGENHEIM ABU DHABI 2322932 NORTH AMERICA - CANADA AND MEXICO 0 0 PROGRAM SERVICES GUGGENHEIM ABU DHABI 54246 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES GUGGENHEIM ABU DHABI 5870 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GUGGENHEIM ABU DHABI 49857 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EXHIBITIONS 17596 SOUTH ASIA 0 0 PROGRAM SERVICES GUGGENHEIM ABU DHABI 16532 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GUGGENHEIM ABU DHABI 3847 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1556014 2 85 0 0 2 85 13722405 1576393 15298798 0 0 1 0 0 1 X X X X X X 1 DANILLER AND COMPANY 3724 JEFFERSON ST AUSTIN TX 78731 FUNDRAISING CONSULTING 0 835451 133680 701771 835451 133680 701771 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 2267422 2234762 32660 830970 YCC PARTY 131450 104795 26655 220217 1 70105 64171 5934 44262 2468977 2403728 65249 1095449 1095449 -1030200 X X X X X 1 1 0 0 0 0 0 0 0 MARTINE WESTERMANN DIRECTOR/CEO 663303 0 0 0 0 0 262500 0 20500 0 946303 0 0 0 RICHARD ARMSTRONG DIRECTOR EMERITUS 0 0 0 0 737425 0 0 0 0 0 737425 0 737425 0 MARTHA WITHINGTON DEP DIR, CFO AND INTERIM COO 472656 0 0 0 0 0 18975 0 41706 0 533337 0 0 0 SARAH G AUSTRIAN DEP DIR, GEN COUNSEL & SEC. 472290 0 0 0 0 0 25875 0 16460 0 514625 0 0 0 NAOMI BECKWITH DEP DIR & STOCKMAN CHIEF CURATOR 412922 0 0 0 0 0 18975 0 26440 0 458337 0 0 0 KAROLE VAIL DIR, PEGGY GUGGENHEIM COLLECTION 243531 0 0 0 0 0 19482 0 86121 0 349134 0 0 0 CYRA LEVENSON DEP DIR&ENGELBERG DIR EDUC&PUB ENG 246337 0 0 0 0 0 13933 0 36245 0 296515 0 0 0 TY WOODFOLK - DEP DIRCHIEF CULTURE & INCL. OFFICER (THRU 08/24) 173118 0 0 0 89700 0 7286 0 9602 0 279706 0 0 0 RONNI WEINSTEIN ASSOCIATE GENERAL COUNSEL 222574 0 0 0 0 0 12647 0 17002 0 252223 0 0 0 COLETTE CHESTNUT CONTROLLER 222282 0 0 0 0 0 5030 0 18996 0 246308 0 0 0 PATRICIA A JEFFERS DEP DIR/CHIEF HR OFFICER(THRU 08/24) 203261 0 0 0 0 0 4769 0 13381 0 221411 0 0 0 PART I, LINES 4A-B LINE 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. X 25 N/A X 30 1032870 FMV 0 0 1 1 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. 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 1A THE 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 2 PETER 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 11B THE 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 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 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 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 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 19 THE 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 2019-03 TOPIC 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. GUGGENHEIMCOM INC 1071 FIFTH AVENUE NEW YORK NY 10128 134113745 CEASED OPS DE N/A C 0.55000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0