Cy Twombly Foundation
- Assets
- $1.5b
- Revenue
- $23.1m
- Investments
- $140.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-2572529
Organization Overview
Cy Twombly Foundation is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cy Twombly Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cy Twombly Foundation generated $23.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $28.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cy Twombly Foundation has awarded 48 individual grants totaling $62,430,845. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicola Del Roscio President | 40 | $0 | |
David Baum Secretary | 3 | $0 | |
Jonas Storsve Director | 1 | $50,000 | |
Paul Winkler Director | 1 | $0 | |
Udo Brandhorst Director | 1 | $0 | |
Nicholas Serota Director | 1 | $65,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services | 12/30/23 | $221,002 |
Baum Llc | 12/30/23 | $598,000 |
Citi | 12/30/23 | $189,380 |
Morgan Stanley | 12/30/23 | $149,716 |
Dentons Us Llp | 12/30/23 | $53,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,829,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,320,111 |
| Capital Gain Net Income | $19,320,111 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$66,145 |
| Total Revenue | $23,083,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,000 |
| Other employee salaries and wages | $509,924 |
| Pension plans, employee benefits | $134,256 |
| Interest | $0 |
| Taxes | $507,786 |
| Depreciation | $807,725 |
| Occupancy | $121,068 |
| Travel, conferences, and meetings | $180,950 |
| Printing and publications | $0 |
| Other expenses | $8,597,922 |
| Total operating and administrative expenses | $12,412,479 |
| Contributions, gifts, grants paid | $16,474,500 |
| Total expenses and disbursements | $28,886,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,110,775 |
| Savings and temporary cash investments | $2,567,431 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $64,308,122 |
| Net Land, buildings, and equipment | $22,092,012 |
| Other assets | $1,343,742,117 |
| Total assets | $1,510,050,049 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cy Twombly Foundation has awarded $27,554,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DRAWING CENTER INC PURPOSE: GENERAL SUPPORT | $50,000 |
ART INSTITUTE OF CHICAGO PURPOSE: NON-CASH DONATION OF ART FOR EXHIBITION SUPPORT | $3,750,000 |
FONDAZIONE NICOLA DEL ROSCIO PURPOSE: GENERAL SUPPORT - SEE EXPENDITURE RESPONSIBILITY STATEMENTS | $240,000 |
FOUNDATION FOR CONTEMPORARY ARTS IN PURPOSE: SUPPORT FOR THE CY TWOMBLY AWARD FOR POETRY | $50,500 |
SAFE HORIZON INC PURPOSE: GENERAL SUPPORT | $50,000 |
WHITNEY MUSEUM OF AMERICAN ART PURPOSE: GENERAL SUPPORT | $1,334,000 |