Solomon R Guggenheim Foundation

Organization Overview

Solomon R Guggenheim Foundation is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Solomon R Guggenheim Foundation employed 613 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Solomon R Guggenheim Foundation generated $84.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $71.1m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART, (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN FURTHERANCE OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC. THE CURATORIAL STAFF STUDIES THE ART IN THE FOUNDATION'S COLLECTION, PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING, AND PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS. THE FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. (CONTINUED ON SCHEDULE O)


EXHIBITIONS PRESENTED IN 2019 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK ("GUGGENHEIM MUSEUM") INCLUDED: HILMA AF KLINT: PAINTINGS FOR THE FUTURE (OCTOBER 12, 2018 APRIL 23, 2019); RH QUAYTMAN: +X (OCTOBER 12, 2018 APRIL 23, 2019); BRANCUSI ( MARCH 17, 2017 PRESENT); THANNHAUSER COLLECTION (FEBRUARY 1, 2019 PRESENT); IMPLICIT TENSIONS: MAPPLETHORPE NOW (JANUARY 25, 2019 JANUARY 5, 2020); LEARNING THROUGH ART (APRIL 26, 2019 JANUARY 5, 2020); (CONTINUED ON SCHEDULE O)


DURING 2019, THE FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH OF THESE MUSEUMS ARE OPEN TO THE PUBLIC TO FULFILL THE FOUNDATION'S MISSION. THE FOUNDATION CONDUCTS TOURS OF ITS EXHIBITIONS, AND PROVIDES EDUCATIONAL TEXTS FREE OF CHARGE TO ALL MUSEUM VISITORS. DURING 2019, THE GUGGENHEIM MUSEUM WAS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS. IN ADDITION, STUDENTS AND SENIOR CITIZENS ARE OFFERED REDUCED-PRICE TICKETS AND CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FREE OF CHARGE. (2019 COMBINED ATTENDANCE AT THE GUGGENHEIM MUSEUM AND PGC WAS 1,517,038).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Crothall Healthcare
Janitorial
$1,042,442
Allied Universal
Security
$977,129
Restaurant Associates
Catering Services
$536,677
Outfront Media
Media Services
$470,094
Conti Tipocolor
Printing
$379,950
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$4,883,560
Fundraising events$2,477,826
Related organizations$0
Government grants $564,785
All other contributions, gifts, grants, and similar amounts not included above$23,754,138
Noncash contributions included in lines 1a–1f $575,554
Total Revenue from Contributions, Gifts, Grants & Similar$31,680,309
Total Program Service Revenue$31,033,652
Investment income $1,263,638
Tax Exempt Bond Proceeds $0
Royalties $1,854,126
Net Rental Income $16,369
Net Gain/Loss on Asset Sales $1,722,626
Net Income from Fundraising Events -$1,221,676
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,823,267
Miscellaneous Revenue$0
Total Revenue $84,620,075

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Solomon R Guggenheim Foundation has recieved totaling $1,354,258.

Awarding OrganizationAmount
Hill Family Foundation Inc

New York, NY

PURPOSE: CHARITABLE FOR ART

$500,000
Hill Family Foundation Inc

New York, NY

PURPOSE: CHARITABLE FOR ART

$500,000
Robert C Baker Family Foundation

Purchase, NY

PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE

$185,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$50,000
Jewish Communal Fund

New York, NY

PURPOSE: General support

$45,294
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$85,538,857
Earnings$10,960,534
Net Contributions$8,770,359
Other Expense$2,600,645
Ending Balance$102,669,105

Peer Organizations

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