LOS ANGELES, CA
Broad Art Foundation
Quick Facts
- EIN
- 954664939
- Location
- LOS ANGELES, CA
- Category
- Arts & Culture
- Total Assets
- $786.3M
- Annual Income
- $37.1M
- IRS Ruling Year
- 1998
- Organization Type
- Trust
- Principal Officer
- % Cindy S Quane
- Tax Deductibility
- Contributions are deductible
About This Foundation
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. The foundation operates in the area of arts & culture. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$2M
2023-57%
Total Assets
$737.2M
2023+4%
Fair Market Value
$1.8B
2023
Net Worth
$736.9M
2023
Grants Paid
$82K
2023
Contributions
$25.1M
2023
Net Investment Income
$3.1M
2023
Distribution Amount
$0
2023
Total Giving by Year
$80.1M
11$14.1M
12$6.5M
13$14.3M
14$15.9M
15$6.1M
19$4.4M
20$4.7M
21$4.7M
22$2M
23Asset Growth
$517.1M
11$551.1M
12$574.2M
13$616M
14$584.2M
15$622.5M
19$604.7M
20$727.9M
21$711.6M
22$737.2M
23Investment Portfolio (2023)
Total: $12.1M
Corporate Stock: $12.1M
Other Investments: $72.1M
Cash: $59K
Corporate Stock (14%)
Other Investments (86%)
Cash (0%)
Expense Breakdown (2023)
Accounting Fees$85K
Grants Paid$82K
Officer Compensation$80K
Pension & Benefits$19K
Travel & Conferences$15K
Legal Fees$8K
Revenue Sources (2023)
- Contributions
- $25.1M
- Capital Gains (Net)
- $4M
- Dividends
- $1.9M
- Other Income
- $16K
- Interest
- $4K
Financial Details (2023)
- Total Revenue
- $31.1M
- Total Expenses
- $2M
- Exempt Purpose Expenses
- $13.7M
- Required Distribution
- $0
- Undistributed Income
- $0
- Total Liabilities
- $280K
- Excise Tax
- $43K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
15
Total Giving
$36.4M
Average Grant
$2.4M
Median Grant
$25K
Total Giving by Year
$12.2M (5 grants)
20$12.1M (4 grants)
21$12.2M (6 grants)
22Grant Range
Min$3K
Max$12M
Median: $25K
Smallest grantLargest grant
Openness to New Grantees (2022)
83%
of 2022 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $153K (2)
MA
CT
RI
OR
OR: $50K (1)
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
CA: $36.2M (11)
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
DC: $3K (1)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
CA$36.2M (11)
NY$153K (2)
OR$50K (1)
DC$3K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The BroadOPERATING SUPPORT | Los Angeles, CA | $12M | 2022 |
| 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 | $25K | 2022 |
| Hammer MuseumGENERAL SUPPORT | Los Angeles, CA | $25K | 2022 |
| 826laGENERAL SUPPORT | Los Angeles, CA | $5K | 2022 |
| The BroadOPERATING SUPPORT | Los Angeles, CA | $12M | 2021 |
| 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 |
| The BroadOPERATING SUPPORT | Los Angeles, CA | $12M | 2020 |
| Museum Of Modern ArtGENERAL SUPPORT | New York, NY | $150K | 2020 |
| Art PracticeGENERAL SUPPORT | Los Angeles, CA | $10K | 2020 |
| California Institute Of The ArtsGENERAL SUPPORT | Valencia, CA | $5K | 2020 |
| Foundation Art & PreservationembassiesGENERAL SUPPORT | Washington, DC | $3K | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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