Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

The Golden Age of Art Foundation Formation

September 12, 2013 by Marion Maneker

Previewing yesterday’s escalation of the fight between members of the Cy Twombly Foundation board, Katya Kazakina and Philip Boroff ran this interesting overview of artist foundations that reveals the curious fact of 150 US artist foundations having been formed during the brief nine-year period

“The private foundation world is a wild, wild west,” said Trent Stamp, executive director of the Los Angeles-based Eisner Foundation and founding president of Charity Navigator, which evaluates nonprofits. “There’s an opportunity for great abuse.”

Almost half of the approximately 300 artist-endowed foundations in the U.S. were formed from 1996 to 2005, according to a study by the Aspen Institute. Assets more than tripled in that decade, and the top 127 reported having a combined $2.7 billion as of 2008

A $40,000-an-Hour Fee, Lawsuits Rock Artist Foundations (Bloomberg)

More from Art Market Monitor

  • Latin American Art ResultsLatin American Art Results
  • Vernissage TV: Art Basel 40Vernissage TV: Art Basel 40
  • An Honest Look at the Biennale?An Honest Look at the Biennale?
  • Dolman’s Secret Weapon: Aurel Bacs & WatchesDolman’s Secret Weapon: Aurel Bacs & Watches
  • Christie’s First Open = $13,666,875Christie’s First Open = $13,666,875
  • Public Sex Tribute to KlimtPublic Sex Tribute to Klimt

Filed Under: Artists

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Eric de Rothschild Explains Why He Sold His Family's Rembrandts
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor