Solomon R Guggenheim Foundation is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Solomon R Guggenheim Foundation employed 476 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomon R Guggenheim 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 12/2021, Solomon R Guggenheim Foundation generated $73.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $62.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
AS PART OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE CURATORIAL STAFF STUDIES THE ART IN THE FOUNDATION'S POSSESSION, PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING, AND PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS. 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)
EXHIBITIONS PRESENTED IN 2021 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK ("GUGGENHEIM MUSEUM") INCLUDED: BRANCUSI (MARCH 17, 2017 - FEBRUARY 8, 2021); THE FULLNESS OF COLOR: 1960'S PAINTING (DECEMBER 18, 2019 - MARCH 15, 2021); COUNTRYSIDE, THE FUTURE (FEBRUARY 20, 2020 - FEBRUARY 15, 2021); KNOTTED, TORN, SCATTERED: SCULPTURE AFTER ABSTRACT EXPRESSIONISM (OCTOBER 3, 2020 - AUGUST 2, 2021); AWAY FROM THE EASEL: JACKSON POLLOCK'S MURAL (OCTOBER 3, 2020 - AUGUST 30, 2021); RE/PROJECTIONS: IN BETWEEN DAYS: VIDEO FROM THE GUGGENHEIM COLLECTION (MARCH 19, 2021 - APRIL 19, 2021), CHRISTIAN NYAMPETA: SOMETIMES IT WAS BEAUTIFUL (APRIL 30, 2021 - JUNE 21, 2021), (CONTINUED ON SCHEDULE O).
DURING 2021, 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 VIRTUAL TOURS OF EXHIBITIONS AND PROVIDE EDUCATIONAL TEXTS FREE OF CHARGE IN FULLFILMENT OF THE FOUNDATION'S MISSION. THE GUGGENHEIM MUSEUM WAS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS, HOSTED A PROGRAM CALLED "SATURDAY ON THE HOUSE" WHICH OFFERED FREE ADMISSION TO ALL VISITORS ONE SATURDAY OF EACH MONTH AND OFFERED REDUCED-PRICE TICKETS TO STUDENTS AND SENIOR CITIZENS. CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FOR FREE.
(1) 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 2021 INCLUDED OBJECT LESSONS: CASE STUDIES IN MINIMAL ART THE GUGGENHEIM PANZA COLLECTION INITIATIVE, VASILY KANDINSKY: AROUND THE CIRCLE, GILLIAN WEARING: WEARING MASKS, AND A REPRINT OF HILMA AF KLINT: PAINTINGS FOR THE FUTURE. (2) SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUES ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG INCLUDING MORE THAN 1,900 ARTWORKS BY MORE THAN 700 ARTISTS IN THE COLLECTION ONLINE. IN 2021 THE FOUNDATION PUBLISHED, 66 VIDEOS AND 122 AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO MORE THAN 600 AND AUDIO TRACKS TO NEARLY 1,200. ADDITIONALLY IN 2021, THE FOUNDATION PUBLISHED 23 BLOG POSTS THAT PROVIDE INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER AVAILABLE ONLINE TO NEARLY 1,100. IN 2021, GUGGENHEIM.ORG HAD APPROXIMATELY 4,995,690 USER SESSIONS, 3,608,338 USERS AND 21,756,645 PAGE VIEWS. THE BLOOMBERG CONNECTS APP HAS PROVIDED DEEP ENGAGEMENT FOR DIVERSE AUDIENCES WITH THE GUGGENHEIM MUSEUM'S MODERN AND CONTEMPORARY ART, IN THE MUSEUM AND AT HOME. THE DOWNLOADABLE APP WAS USED NEARLY 21,000 TIMES IN 2021. IN 2021, THE FOUNDATION'S EDUCATION AND PUBLIC ENGAGEMENT DEPARTMENTS DEMONSTRATED THE GUGGENHEIM'S COMMITMENT TO SERVING AUDIENCES AND WELCOMING VISITORS THROUGH A COMBINATION OF ONSITE AND VIRTUAL ENGAGEMENT. THE EDUCATION DEPARTMENT RE-ESTABLISHED IN-PERSON PROGRAMMING FOR SCHOOL, YOUTH, FAMILY, AND ADULT AUDIENCES. IN ADDITION, THE FOUNDATION'S LEARNING THROUGH ART PROGRAM BROUGHT LIVE INSTRUCTION TO 60 CLASSROOMS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY. DUE TO ONGOING, GLOBAL INTEREST IN VIRTUAL SCHOOL PROGRAMS, THE DEPARTMENT CONTINUED TO OFFER THE POPULAR CHILDREN'S VIDEO SERIES FROM THE PRIOR YEAR, SKETCH WITH JEFF, AND VIRTUAL CLASSES, NOW ENHANCED WITH VIDEO TOURS OF THE MUSEUM. IN 2021, PROGRAMS FOR TEENS WERE EXPANDED TO INCLUDE A YEAR-LONG ACADEMIC PROGRAM. THE ACADEMIC ENGAGEMENT DEPARTMENT HOSTED BOTH AN INTERNSHIP PROGRAM AND A SUMMER COLLEGE WORKSHOP, LAUNCHED A CURATORIAL FELLOWSHIP WITH NYU AND CUNY, AND COLLABORATED WITH A CLASS OF GRAPHIC DESIGN STUDENTS AT RUTGERS UNIVERSITY TO CREATE PUBLICATIONS FOR THE AYE SIMON READING ROOM.THE FOUNDATION'S PUBLIC PROGRAMS DEPARTMENT CONTINUED TO OFFER ONLINE COURSES FOR ADULT AUDIENCES, REACHING OVER 600 PARTICIPANTS FROM AROUND THE WORLD. THE EDUCATION DEPARTMENT ALSO EMBARKED UPON A YEAR-LONG RESIDENCY TO PROVIDE PROGRAMMING FOCUSED AT THE INTERSECTION OF ARCHITECTURE, DESIGN, AND SUSTAINABILITY, WELCOMING 16,300 VIRTUAL AUDIENCE MEMBERS TO THE SYMPOSIUM. DIGITAL CONTENT WAS EXPANDED TO INCLUDE THE MIND'S EYE AUDIO GUIDE TO THE GUGGENHEIM MUSEUM BUILDING, A SENSORY AUDIO EXPERIENCE INTENDED FOR BLIND AND LOW-VISION AUDIENCES; ONE ARTWORK, ONE QUESTION, A VIDEO SERIES FEATURING CURATORS AND GALLERY GUIDES DISCUSSING WORKS IN THE COLLECTION; AND THE GUGGENHEIM CIRCULAR, A SERIES OF WRITTEN EXPLORATIONS OF THE PERMANENT COLLECTION VIEWED THROUGH A LENS OF THE CURRENT TIMES. (3) THE FOUNDATION EDUCATED THE GENERAL PUBLIC THROUGH FREE WITH ADMISSION GUIDED AUDIO TOURS, THE GALLERY GUIDE PROGRAM, WEEKLY ONLINE FAMILY PROGRAMS AND FILM SCREENINGS, COURSES, LECTURES, SYMPOSIA, PERFORMANCES, AND OTHER PROGRAMS. THE GUGGENHEIM MUSEUM WELCOMES STUDENTS AT ALL PUBLIC PROGRAMS AND OFFERS DISCOUNTED OR COMPLIMENTARY TICKETS TO STUDENTS WITH VALID ID. THE FOUNDATION'S MIND'S EYE PROGRAM EXPLORED CURRENT EXHIBITIONS THROUGH TELECONFERENCE MEETINGS AND VERBAL DESCRIPTIONS FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. VISITORS WHO ARE DEAF OR HARD OF HEARING WERE SERVED THROUGH ASL-INTERPRETED VIDEOS. THE LEARNING THROUGH ART PROGRAM SPONSORED ARTIST RESIDENCIES IN PUBLIC SCHOOLS IN ALL FIVE BOROUGHS OF NEW YORK CITY AND MOUNTED A MONTH LONG EXHIBITION OF STUDENT WORK IN THE MUSEUM'S GALLERIES. EDUCATORS PARTICIPATED IN WEEKEND WORKSHOPS FOCUSED ON CLASSROOM APPLICATIONS THAT CONNECTED EXHIBITION THEMES WITH STEM CONCEPTS. FAMILY PROGRAMS WERE AVAILABLE TO VISITORS, ENCOURAGING THEM TO DISCOVER THE MUSEUM FROM HOME THROUGH FAMILY TOURS AND ART MAKING WORKSHOPS. AT THE END OF 2021, THE MUSEUM RETURNED TO HOSTING IN-PERSON FAMILY PROGRAMS AND INVITED VISITORS TO UTILIZE THE WEEKLY DROP-IN KIOSK FOR FREE GUIDES AND ACTIVITY PACKS. K-12 SCHOOL GROUPS PARTICIPATED IN INTERACTIVE MUSEUM TOURS THAT WERE CUSTOMIZED FOR CHILDREN WITH DEVELOPMENTAL OR SPECIAL NEEDS. (4) 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 COMTEMPORARY ART COLLECTION AND PRESENT SPECIAL EXHIBITIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Armstrong Trustee/dir. Of Museum & Fdtn. | OfficerTrustee | 40 | $805,652 |
Elizabeth Duggal Taghipour Senior Deputy Director & COO | Officer | 40 | $393,689 |
Sarah G Austrian Dep Dir, Gen Counsel & Sec. | Officer | 40 | $369,708 |
Martha Withington CFO | Officer | 40 | $324,775 |
Nancy Spector Former Artistic Dir&stockman Curator | 0 | $320,000 | |
Ben Rawlingson Plant Dep Dir Gbl Comms Pub Affairs | 40 | $296,838 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Crothall Healthcare Janitorial | 12/30/21 | $1,035,398 |
Allied Universal Security | 12/30/21 | $752,981 |
Appomattox Advisory Inc Inv. Mgmt. Services | 12/30/21 | $584,371 |
The Clarion Group Consulting | 12/30/21 | $511,403 |
Situation Interactive Media Placement | 12/30/21 | $460,501 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,149,298 |
Fundraising events | $2,494,712 |
Related organizations | $0 |
Government grants | $21,097,557 |
All other contributions, gifts, grants, and similar amounts not included above | $22,363,228 |
Noncash contributions included in lines 1a–1f | $2,080,027 |
Total Revenue from Contributions, Gifts, Grants & Similar | $49,104,795 |
Total Program Service Revenue | $16,458,901 |
Investment income | $581,801 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $1,005,981 |
Net Rental Income | $14,732 |
Net Gain/Loss on Asset Sales | $5,666,803 |
Net Income from Fundraising Events | -$598,577 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $660,639 |
Miscellaneous Revenue | $0 |
Total Revenue | $73,166,662 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,335,511 |
Compensation of current officers, directors, key employees. | $3,033,342 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $22,036,966 |
Pension plan accruals and contributions | $815,061 |
Other employee benefits | $2,413,954 |
Payroll taxes | $1,701,297 |
Fees for services: Management | $1,030,319 |
Fees for services: Legal | $590,687 |
Fees for services: Accounting | $548,623 |
Fees for services: Lobbying | $90,635 |
Fees for services: Fundraising | $100,894 |
Fees for services: Investment Management | $875,547 |
Fees for services: Other | $4,238,009 |
Advertising and promotion | $992,269 |
Office expenses | $1,006,976 |
Information technology | $1,438,829 |
Royalties | $16,641 |
Occupancy | $8,684,012 |
Travel | $534,766 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,450 |
Interest | $858,113 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,684,999 |
Insurance | $952,060 |
All other expenses | $1,682,598 |
Total functional expenses | $62,035,535 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,947,753 |
Savings and temporary cash investments | $4,069,639 |
Pledges and grants receivable | $12,709,715 |
Accounts receivable, net | $2,126,436 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $749,641 |
Prepaid expenses and deferred charges | $681,497 |
Net Land, buildings, and equipment | $44,748,547 |
Investments—publicly traded securities | $35,565,932 |
Investments—other securities | $91,615,408 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,080,303 |
Total assets | $240,294,871 |
Accounts payable and accrued expenses | $12,111,945 |
Grants payable | $0 |
Deferred revenue | $42,212,941 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $22,184,111 |
Other liabilities | $28,108,480 |
Total liabilities | $104,617,477 |
Net assets without donor restrictions | -$2,642,911 |
Net assets with donor restrictions | $138,320,305 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $240,294,871 |
Over the last fiscal year, we have identified 1 grants that Solomon R Guggenheim Foundation has recieved totaling $600.
Awarding Organization | Amount |
---|---|
John C And Mary Jane Howard Foundation Richland, MI PURPOSE: GENERAL SUPPORT | $600 |
Beg. Balance | $130,634,540 |
Earnings | $5,188,548 |
Net Contributions | $7,053,835 |
Other Expense | $9,110,673 |
Ending Balance | $133,766,250 |
Organization Name | Assets | Revenue |
---|---|---|
Museum Of Fine Arts Boston, MA | $1,234,619,782 | $175,070,799 |
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |