Glenstone Foundation

Organization Overview

Glenstone Foundation is located in Potomac, MD. The organization was established in 2007. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenstone 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 12/2020, Glenstone Foundation generated $596.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $45.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Glenstone Foundation has awarded 48 individual grants totaling $20,804,774. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

GLENSTONE FOUNDATION WAS CREATED AS A NON-PROFIT CORPORATION TO SUPPORT PUBLIC AND EDUCATIONAL EXHIBITIONS OF ART, TO PROMOTE THE STUDY, IMPROVEMENT AND ADVANCEMENT OF THE ARTS, AND TO FOSTER RESEARCH OF ART.THE FOUNDATION, WHICH INCLUDES A MUSEUM OF CONTEMPORARY ART AND OUTDOOR SCULPTURES, IS LOCATED IN MONTGOMERY COUNTY, MD, NEAR WASHINGTON, DC AND PROVIDES A CONTEMPLATIVE, INTIMATE SETTING FOR EXPERIENCING WORKS OF ART, ARCHITECTURE, AND NATURE. OPEN TO THE PUBLIC FOUR DAYS WEEKLY, THE MUSEUM PRESENTS SELECTIONS FROM AN ART COLLECTION OF SIGNIFICANT DEPTH AND BREADTH, AS WELL AS MONUMENTAL OUTDOOR SCULPTURES WITHIN ITS LANDSCAPE. ADMISSION IS FREE TO ALL VISITORS AND ITS SCHOOL PROGRAM ALSO PROVIDES TRANSPORTATION FOR LOCAL STUDENTS. AN ACTIVE LOAN PROGRAM MAKES ITS ARTWORK AVAILABLE TO MUSEUMS AROUND THE WORLD. THE FOUNDATION DOES NOT ACCEPT GRANT APPLICATIONS.


IN 2021, THE FOUNDATION BEGAN ENGAGING DIVERSE COMMUNITIES WITHIN OUR GEOGRAPHIC AREAS OF FOCUS BY CREATING LASTING POSITIVE PSYCHOLOGICAL, EMOTIONAL, SOCIAL, AND ECONOMIC IMPACT OVER TIME, BY SUPPORTING THE COMMUNITIES OR PARTNERING WITH OTHER ORGANIZATIONS TO SUPPORT THEM. OBJECTIVES INCLUDE: YOUTH ENGAGEMENT - FACILITATE ACCESS TO INFORMATION AND OPPORTUNITIES FOR FUTURE GENERATIONS THROUGH YOUTH ENGAGEMENT INITIATIVES AND PARTNERSHIPS. HEALTH & WELLBEING - THROUGH CIVIC ENGAGEMENT, ENHANCE AND EXCHANGE KNOWLEDGE, SKILLS AND EXPERTISE THAT IMPROVES THE PUBLIC HEALTH AND WELL-BEING OF TARGET COMMUNITIES. INEQUALITY - SUPPORT ORGANIZATIONS THROUGH PARTNERSHIPS TO ADVANCE RESEARCH AND PROGRAMS TO ADDRESS INEQUITIES, REDUCE POVERTY, PROTECT HUMAN RIGHTS AND PROVIDE EQUITABLE ACCESS TO RESOURCES. ENVIRONMENTAL JUSTICE - THROUGH RESEARCH AND PARTNERSHIPS SUPPORT ORGANIZATIONS ADVANCE EQUITABLE POLICIES THAT ADDRESS THE IMPACT OF CLIMATE CHANGE PRIMARILY ON MINORITY COMMUNITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Whiting-turner Contracting Company
$5,288,614
Budco Enterprises Inc
$1,378,000
Wf Wilson & Sons Inc
$1,161,728
Tanenholz & Associates Pllc
$1,312,541
Katten Muchin Llp
$3,640,953
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $285,918,149
Interest on Savings $735,417
Dividends & Interest $531,250
Profit on Inventory Sales -$75,582
Other Income $0
Total Revenue $596,667,510

Grants Awarded

Over the last fiscal year, Glenstone Foundation has awarded $13,550,012 in support to 12 organizations.

Grant RecipientAmount

STUDIO MUSEUM HARLEM

PURPOSE: SUPPORT THE ARTS

$5,000,000

STUDIO MUSEUM HARLEM

PURPOSE: SUPPORT THE ARTS

$5,000,000

NATIONAL GALLERY OF ART

Org PageRecipient Profile

Landover, MD

PURPOSE: SUPPORT THE ARTS

$3,150,000

SCOTLAND AME CHURCH

PURPOSE: GENERAL SUPPORT

$225,000

FOUNDATION FOR CONTEMPORARY ARTS

PURPOSE: SUPPORT THE ARTS

$50,000

METROPOLITAN MUSEUM OF ART

PURPOSE: SUPPORT THE ARTS

$50,000
View Grant Profile

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