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Broad Art Foundation is a private trust based in LOS ANGELES, CA. The foundation received its IRS ruling in 1998. The principal officer is % Cindy S Quane. It holds total assets of $786.3M. Annual income is reported at $37.1M. ART ACQUISITION FOR LOAN PROGRAM. According to available records, Broad Art Foundation has made 21 grants totaling $48.6M, with a median grant of $25K. Annual giving has grown from $12.2M in 2020 to $24.4M in 2022. Individual grants have ranged from $3K to $12M, with an average award of $2.3M. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in California, New York, Oregon, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
ART ACQUISITION FOR LOAN PROGRAM
Expenses: $4.1M
ART EXHIBITION, STUDY, AND LOAN PROGRAM (SEE ATTACHED DESCRIPTION OF ACTIVITIES)
Expenses: $990K
ART ACQUISITION FOR LOAN PROGRAM. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in CA, NY, OR.
Broad Art Foundation has distributed a total of $48.6M across 21 grants. The median grant size is $25K, with an average of $2.3M. Individual grants have ranged from $3K to $12M.
Broad Art Foundation typically selects its grantees rather than accepting unsolicited proposals.
Broad Art Foundation is headquartered in LOS ANGELES, CA. While based in CA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joanne Heyler | TRUSTEE | $320K | $20K | $340K |
| Gerun Riley | TRUSTEE | $0 | $0 | $0 |
| Julie Baker | TRUSTEE | $0 | $0 | $0 |
| Peter Adamson | TRUSTEE | $0 | $0 | $0 |
| Edythe Broad | TRUSTEE | $0 | $0 | $0 |
Total Giving
$2M
Total Assets
$737.2M
Fair Market Value
$1.8B
Net Worth
$736.9M
Grants Paid
$82K
Contributions
$25.1M
Net Investment Income
$3.1M
Distribution Amount
$0
Total: $12.1M
Total Grants
21
Total Giving
$48.6M
Average Grant
$2.3M
Median Grant
$25K
Unique Recipients
13
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The BroadOPERATING SUPPORT | Los Angeles, CA | $12M | 2022 |
| Art PracticeGENERAL SUPPORT | Los Angeles, CA | $10K | 2020 |
| Los Angeles County Museum Of ArtEXHIBITION SUPPORT | Los Angeles, CA | $75K | 2022 |
| Portland Art MuseumEXHIBITION SUPPORT | Portland, OR | $50K | 2022 |
| Museum Of Contemporary ArtGENERAL SUPPORT | Los Angeles, CA |
Other foundations that have funded Broad Art Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Broad Foundation | $28M | 2022 | ARTS - TO SUPPORT ART COLLECTION AND LENDING ACTIVITIES |
| Broad Foundation | $28M | 2022 | ARTS - TO SUPPORT ART COLLECTION AND LENDING ACTIVITIES |
| Broad Foundation | $28M | 2021 | ARTS - TO SUPPORT ART LENDING ACTIVITIES |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| $25K |
| 2022 |
| Hammer MuseumGENERAL SUPPORT | Los Angeles, CA | $25K | 2022 |
| 826laGENERAL SUPPORT | Los Angeles, CA | $5K | 2022 |
| Museum Of Contemporary Art Los AngelesDONATION OF ARTWORK, BOOK VALUE OF $100,000 IS BASED ON THE FAIR MARKET VALUE AT THE DATE OF DONATION TO THE FOUNDATION. | Los Angeles, CA | $80K | 2021 |
| Academy Museum FoundationGENERAL SUPPORT | Los Angeles, CA | $5K | 2021 |
| Whitney Museum Of American ArtGENERAL SUPPORT | New York, NY | $3K | 2021 |
| Museum Of Modern ArtGENERAL SUPPORT | New York, NY | $150K | 2020 |
| California Institute Of The ArtsGENERAL SUPPORT | Valencia, CA | $5K | 2020 |
| Foundation Art & PreservationembassiesGENERAL SUPPORT | Washington, DC | $3K | 2020 |
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