Wyeth Foundation For American Art
- Assets
- $75.4m
- Revenue
- $80.5m
- Investments
- $72.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 06-1662503
Organization Overview
Wyeth Foundation For American Art is located in Wilmington, DE. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyeth Foundation For American Art is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wyeth Foundation For American Art generated $80.5m in total revenue. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 37.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wyeth Foundation For American Art has awarded 173 individual grants totaling $9,044,307. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUBVENTIONS IN SUPPORT OF PUBLICATIONS FOCUSING ON AMERICAN ART - IN PARTICULAR FIRST-TIME PUBLICATION EFFORTS FROM YOUNG SCHOLARS AND EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Robinson West Trustee & President | 1 | $0 | |
William J Martin ESQ Secretary/treasurer | 1 | $0 | |
Gregory F Fields Trustee | 1 | $0 | |
Wanda M Corn Trustee | 1 | $0 | |
Christopher B Crosman Trustee | 1 | $0 | |
Kathleen A Foster Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kristin De Ghetaldi | 12/30/22 | $214,917 |
Martin & Lunger Pa | 12/30/22 | $244,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,745,062 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,275,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,393,429 |
| Capital Gain Net Income | $3,393,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,626 |
| Total Revenue | $80,504,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,906 |
| Printing and publications | $0 |
| Other expenses | $1,704,879 |
| Total operating and administrative expenses | $2,346,342 |
| Contributions, gifts, grants paid | $1,011,269 |
| Total expenses and disbursements | $3,357,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,807,521 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,188,341 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $75,387,440 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wyeth Foundation For American Art has awarded $1,011,269 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDYWINE CONSERVANCY & MUSEUM OF ART PURPOSE: SUPPORT FOR GENERAL FUND AND LONG RANGE PLANNING | $127,705 |
COLLEGE ART ASSOCIATION PURPOSE: FUNDING OF SCHOLARLY PUBLICATION PROGRAM | $50,564 |
DENVER ART MUSEUM PURPOSE: FUNDING OF ART EXHIBITION CATALOGUE | $25,000 |
FARNSWORTH ART MUSEUM PURPOSE: GENERAL FUND | $200,000 |
HIGH MUSEUM OF ART PURPOSE: TO SUPPORT THE CATALOGUE FOR ART EXHIBITION | $15,000 |
NATIONAL GALLERY OF ART PURPOSE: FUNDING OF FELLOWSHIP PROGRAM AND SCHOLARLY CONFERENCE | $84,000 |