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

  • Artelligence for January 18, 2018Artelligence for January 18, 2018
  • Something Else to See in BaselSomething Else to See in Basel
  • Art Madness in MadridArt Madness in Madrid
  • Christie's Sues Halsey Minor for FraudChristie's Sues Halsey Minor for Fraud
  • Sotheby’s Has $25m Martin Zweig CollectionSotheby’s Has $25m Martin Zweig Collection
  • Pop Life Makes the NewsPop Life Makes the News

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

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Christie's Announces $70m Picasso Self Portrait
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • How to Chant Like an Auctioneer
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Mark Rothko, Tamara de Lempicka, Mickalene Thomas to Star in Phillips London Evening Sale
  • Basquiat's Last Girlfriend
  • 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