Glenstone Foundation

Glenstone Foundation 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.

For the year ending 12/2019, Glenstone Foundation generated $370.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $36.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Glenstone Foundation has awarded 26 individual grants totaling $1,974,307. 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

2019

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.


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Glenstone Foundation Vendors

Vendor Name (Service)Compensation
Katten Muchin Llp
$5,024,918
Aquatic Resource Restoration Company
$2,110,564
Tanenholz & Associates Pllc
$1,121,455
Crozier Fine Arts Inc
$725,879
Mark G Anderson Consultants
$545,099
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $181,663,157
Interest on Savings $2,353
Dividends & Interest $17,500
Net Rental Income$0
Net Gain on Sale of Assets $187,856,034
Capital Gain Net Income $187,856,034
Net ST Capital Gain $0
Income Modifications $12,797,995
Profit on Inventory Sales $483,680
Other Income $15,000
Total Revenue $370,037,724

Glenstone Foundation Grants Awarded

Over the last fiscal year, Glenstone Foundation has awarded $544,607 in support to 6 organizations.

Grant RecipientAmount

WHITNEY MUSEUM

PURPOSE: SUPPORT THE ARTS

$250,379

NATIONAL GALLERY OF ART

Org PageRecipient Profile

Washington, DC

PURPOSE: SUPPORT THE ARTS

$225,338

FOUNDATION FOR CONTEMPORARY ARTS

PURPOSE: SUPPORT THE ARTS

$55,520

KING BAUDOUIN FDN UNITED STATES

PURPOSE: SUPPORT THE ARTS

$11,061

UNITED WAY OF NATIONAL CAPITAL AREA

PURPOSE: GENERAL SUPPORT

$2,084

WALT WHITMAN HIGH SCHOOL

PURPOSE: SUPPORT THE ARTS

$225
View Grant Profile

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