Willem De Kooning Foundation
- Assets
- $86.2m
- Revenue
- $1.4m
- Investments
- $37.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2001
- Data as of
- 06/2022
- EIN
- 13-4151973
Organization Overview
Willem De Kooning Foundation is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Willem DE Kooning Foundation 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 06/2022, Willem DE Kooning Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Willem DE Kooning Foundation has awarded 54 individual grants totaling $6,057,035. 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
A WIDE RANGE OF RESEARCHERS, INCLUDING SCHOLARS, CURATORS AND CONSERVATORS CONSULTED THE FOUNDATION'S ARCHIVES, STUDY MATERIALS, ART COLLECTION AND STAFF SPECIALISTS TOWARD MONOGRAPHS, EXHIBITIONS, AND EDUCATIONAL MATERIALS. THIS CONSULTATION WAS PROVIDED BOTH IN-PERSON AND REMOTELY VIA VIDEO CONFERENCE TO LESSEN ANY IMPACT OF THE PANDEMIC ON PROJECTS. FOUNDATION SPECIALISTS ACTIVELY PROVIDED RESEARCH FINDINGS, ASSISTANCE IN LANGUAGE TRANSLATION, AND GUIDANCE TO ORGANIZATIONS AND AUTHORS TOWARD THEIR PUBLICATIONS AND EXHIBITIONS ON WILLEM DE KOONING AND RELATED SUBJECTS, WHICH WERE WIDELY ACCESSIBLE BOTH WITHIN THE UNITED STATES AND INTERNATIONALLY. EXAMPLES INCLUDE A SMALL FORMAT BOOK OF QUOTATIONS BY THE ARTIST (PUBLISHED BY FAGE) AND THE EXHIBITION AND CATALOGUE, CHAIM SOUTINE/ WILLEM DE KOONING. LA PEINTURE INCARNE, AT LE MUSE DE LORANGERIE, PARIS. IN COMMEMORATION OF THE 25TH ANNIVERSARY OF DE KOONING'S DEATH, THE FOUNDATION AND BROOKLYN RAIL PRESENTED AN ON-LINE,
ACTIVITY ONE CONTINUEDPUBLIC DISCUSSION ON WILLEM DE KOONING'S LIFE AND WORK. THE FOUNDATION CONTINUED ITS IN-HOUSE RESEARCH AND PROCESSING OF DOCUMENTATION ON WILLEM DE KOONING'S OEUVRE AND WRITINGS, TOWARD EVENTUAL PUBLICATION OF RESOURCES TO AID FUTURE SCHOLARSHIP ON DE KOONING AND 20TH CENTURY ART. THE FOUNDATION CONTINUED TO RE-HOUSE, PROCESS, DIGITIZE AND ADD TO ITS ARCHIVES. THE CARE AND PRESERVATION OF ITS ART COLLECTION IS ON-GOING.ACTIVITY TWO:13 WORKS WERE ON LONG-TERM LOAN THIS FISCAL YEAR TO INSTITUTIONS AND MUNICIPALITIES INCLUDING GRAND RAPIDS ART MUSEUM, JOHNS HOPKINS UNIVERSITY, LONGHOUSE RESERVE, STANFORD UNIVERSITY LAW SCHOOL AND BUSINESS SCHOOL, NEW YORK UNIVERSITY SCHOOL OF LAW, PINAKOTHEK DER MODERNE, MUNICH, THE OFFICE OF SECRETARY ANTONY BLINKEN, WASHINGTON, DC AND THE CITY OF ROTTERDAM.
THE FOUNDATION CONTINUED TO PROVIDE GUIDANCE AND EXPERTISE TO THE UNIVERSITY OF ARIZONA MUSEUM OF ART AND THE GETTY CONSERVATION INSTITUTE IN SUPPORT OF THE CONSERVATION OF THE UNIVERSITY'S PAINTING BY WILLEM DE KOONING, WOMAN OCHRE, 1954-55, AND TOWARDS THE WORK'S EXHIBITION AT BOTH LOCATIONS. THE FOUNDATION WELCOMED 2 INTERNS TO LEARN AND WORK ALONGSIDE STAFF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Silberman Co-President/director | 2 | $0 | |
John L Eastman Co-President/director | 2 | $0 | |
Donn Zaretsky Secretary, Treas, Director | 1 | $0 | |
Amy Schichtel Executive Director | 35 | $413,107 | |
D Roger Anthony Senior Researcher | 26 | $187,014 | |
Stephen J Mack Catalogue Raisonne D | 34 | $128,574 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Elderfield Llc | 6/29/22 | $150,000 |
Fiera Capital Advisors | 6/29/22 | $105,528 |
Citrin Cooperman & Company Llp | 6/29/22 | $61,472 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,014,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $369,072 |
| Capital Gain Net Income | $369,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,928 |
| Total Revenue | $1,401,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $247,498 |
| Other employee salaries and wages | $941,039 |
| Pension plans, employee benefits | $189,643 |
| Interest | $0 |
| Taxes | $163,443 |
| Depreciation | $34,170 |
| Occupancy | $297,320 |
| Travel, conferences, and meetings | $23,582 |
| Printing and publications | $0 |
| Other expenses | $1,122,794 |
| Total operating and administrative expenses | $3,879,121 |
| Contributions, gifts, grants paid | $935,235 |
| Total expenses and disbursements | $4,814,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,337 |
| Savings and temporary cash investments | $517,074 |
| 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 | $0 |
| Net Land, buildings, and equipment | $369,748 |
| Other assets | $47,209,968 |
| Total assets | $86,178,941 |
| 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, Willem De Kooning Foundation has awarded $935,235 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ARTADIA PURPOSE: SUPPORT THE ARTADIA AWARD, GIVEN TO A NEW YORK CITY-BASED VISUAL ARTIST. | $20,000 |
INTERNATIONAL FOUNDATION FOR ART RESEARCH PURPOSE: TO FUND THE CHARITY'S GENERAL OPERATING EXPENSES (2022 ANNUAL FUND). | $10,000 |
THE ASPEN INSTITUTE PURPOSE: IN SUPPORT OF THE 2022 COSTS TOWARDS BUILDING THE ARTIST ENDOWED FOUNDATION COMMUNITY'S DEAI CAPACITY TO HOST BIPOC INTERNS AND FELLOWS. | $10,000 |
THE BROOKLYN RAIL PURPOSE: SUPPORT FOR THE ART SEEN SECTION OF JOURNAL PUBLICATIONS THAT COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. | $70,000 |
PUBLICOLOR INC PURPOSE: UNRESTRICTED CHARITABLE PURPOSES | $25,000 |
AMERICAN FRIENDS MUSEE DORSAY PURPOSE: TO FUND AN EXHIBITION AT THE MUSEE DE LORANGERIE ENTITLED "CHAIM SOUTINE/WILLEM DE KOONING, LA PEINTURE INCARNEE," ON VIEW FROM SEPTEMBER 15, 2021 TO JANUARY 10, 2022. | $100,000 |