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Cy Twombly Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2005. The principal officer is % Pamela Wakoff. It holds total assets of $1.5B. Annual income is reported at $67.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Cy Twombly Foundation has made 30 grants totaling $40.3M, with a median grant of $240K. Annual giving has grown from $11.8M in 2020 to $16.5M in 2023. Individual grants have ranged from $45K to $10M, with an average award of $1.3M. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Illinois, Massachusetts, Pennsylvania, which account for 23% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Cy Twombly Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in IL, MA, PA.
Cy Twombly Foundation has distributed a total of $40.3M across 30 grants. The median grant size is $240K, with an average of $1.3M. Individual grants have ranged from $45K to $10M.
Cy Twombly Foundation typically selects its grantees rather than accepting unsolicited proposals.
Cy Twombly Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nicola Del Roscio | PRESIDENT | $52K | $0 | $52K |
| Paul Winkler | DIRECTOR | $0 | $0 | $0 |
| Jonas Storsve | DIRECTOR | $0 | $0 | $0 |
| Udo Brandhorst | DIRECTOR | $0 | $0 | $0 |
| David Baum | SECRETARY | $0 | $0 | $0 |
Total Giving
$28.9M
Total Assets
$1.5B
Fair Market Value
$1.5B
Net Worth
$1.5B
Grants Paid
$16.5M
Contributions
$0
Net Investment Income
$15.2M
Distribution Amount
$6.4M
Total: $76.2M
Total Grants
30
Total Giving
$40.3M
Average Grant
$1.3M
Median Grant
$240K
Unique Recipients
15
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Museum Of Fine Arts BostonNON-CASH DONATION OF ART FOR EXHIBITION SUPPORT | Boston, MA | $7.5M | 2023 |
| Art Institute Of ChicagoNON-CASH DONATION OF ART FOR EXHIBITION SUPPORT | Chicago, IL | $3.8M | 2023 |
| Whitney Museum Of American ArtGENERAL SUPPORT | New York, NY | $1.3M | 2023 |
| Fondazione Nicola Del RoscioGENERAL SUPPORT - SEE EXPENDITURE RESPONSIBILITY STATEMENTS | Terni | $240K | 2023 |
| Foundation For Contemporary Arts InSUPPORT FOR THE CY TWOMBLY AWARD FOR POETRY | New York, NY |
| Nicholas Serota |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| $51K |
| 2023 |
| Drawing Center IncGENERAL SUPPORT | New York, NY | $50K | 2023 |
| Safe Horizon IncGENERAL SUPPORT | New York, NY | $50K | 2023 |
| Philadelphia Museum Of ArtEXHIBITION SUPPORT | Philadelphia, PA | $10M | 2020 |
| Comune Di GaetaCOVID RELIEF | Gaeta Lt | $417K | 2020 |
| Foundation For Contemporary Arts IncSUPPORT FOR THE CY TWOMBLY AWARD FOR POETRY ($40,000) AND SUPPORT TO THE EMERGENCY COVID RELIEF FUND ($250,000) | New York, NY | $290K | 2020 |
| New York Foundation For The ArtsCOVID RELIEF | Brooklyn, NY | $275K | 2020 |
| Swiss InstituteSUPPORT FOR COVID RELIEF | New York, NY | $250K | 2020 |
| United States Artists IncCOVID RELIEF | Chicago, IL | $250K | 2020 |
| Laziofarma SpaSUPPORT FOR COVID RELIEF RELATED HOSPITAL SUPPLIES | Gaeta Lt | $120K | 2020 |
| Museum Of Cycladic ArtEXHIBITION SUPPORT | Athens | $50K | 2020 |
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