Brookfield Arts Foundation

Organization Overview

Brookfield Arts Foundation is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Brookfield Arts 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 12/2021, Brookfield Arts Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $577.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

BROOKFIELD ARTS FOUNDATION (THE "FOUNDATION") WAS FOUNDED IN 2000 TO ESTABLISH, MAINTAIN AND OPERATE AN EDUCATIONAL ORGANIZATION FOR THE PURPOSE OF IMPROVING POPULAR AND SCHOLARLY UNDERSTANDING OF ART AND THE DECORATIVE ARTS. THE FOUNDATION SEEKS TO PROMOTE RESEARCH INTO TECHNIQUES OF MANUFACTURE, CONSTRUCTION, ORIGINAL USE AND OWNERSHIP PATTERNS OF THESE OBJECTS, INTO THE SCIENTIFIC ANALYSIS OF MATERIALS AND OF ORIGINAL TECHNIQUES; TO PROVIDE CARE AND CONSERVE OBJECTS OWNED BY THE FOUNDATION; WITH THE INTENT OF MAKING THE RESULTS OF RESEARCH ON SUCH OBJECTS AVAILABLE BOTH TO THE GENERAL PUBLIC AND TO THE SCHOLARLY COMMUNITY; TO PUBLICLY EXHIBIT SUCH OBJECTS OWNED BY THE FOUNDATION (THE "COLLECTION") OFTEN IN COLLABORATION WITH PUBLIC EXHIBITS OF SIMILAR OBJECTS OWNED BY OTHERS; AND TO MAKE GRANTS AND LOANS OF SUCH OBJECTS TO OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE").


DURING 2021, THE FOUNDATION HAD ON LOAN 599 OBJECTS FROM THE FOUNDATION'S COLLECTION TO THE FOLLOWING MAJOR MUSEUMS FOR DISPLAY TO THE PUBLIC: MUSEUM OF FINE ARTS, BOSTON (MASSACHUSETTS), PEABODY ESSEX MUSEUM (MASSACHUSETTS), PORTLAND MUSEUM OF ART (MAINE), HISTORIC NEW ENGLAND (MASSACHUSETTS AND NEW HAMPSHIRE), CLARK ART INSTITUTE (MASSACHUSETTS), ART INSTITUTE OF CHICAGO (ILLINOIS), MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS (NORTH CAROLINA), CRYSTAL BRIDGES MUSEUM OF AMERICAN ART (ARKANSAS), CORNING MUSEUM OF GLASS (NEW YORK), MUSE DE FLANDRE (FRANCE), HIDCOTE, NATIONAL TRUST UK (ENGLAND), AND THE NATIONAL MUSEUM OF BERMUDA (BERMUDA). THE FOUNDATION HAS ON LOAN AN HISTORIC HOUSE COMPLETE WITH ITS FURNISHINGS, WHICH NUMBER 549 OBJECTS IN TOTAL. IN 2021, TWO OBJECTS FROM THE COLLECTION WERE INCLUDED IN NEW PUBLICATIONS. DURING 2021, THE FOUNDATION HOSTED ONE VISIT OF A GROUP OF SCHOLARS ALLOWING THEM TO EXAMINE IN DETAIL FOUR OBJECTS FROM THE COLLECTION.


THE FOUNDATION (A) CARES FOR AND CONSERVES OBJECTS FROM ITS COLLECTION AND (B) SEEKS TO PROMOTE RESEARCH INTO (I) TECHNIQUES OF MANUFACTURE, CONSTRUCTION AND THE LIKE AND (II) SCIENTIFIC ANALYSIS OF MATERIALS AND ORIGINAL TECHNIQUES. IN 2021, NINE OBJECTS FROM THE COLLECTION UNDERWENT CONSERVATION TREATMENT. THIS TREATMENT INCLUDED STABILIZING FRAGILE OBJECTS AS WELL AS EXTENSIVE TREATMENTS ON OBJECTS WITH MORE COMPLEX CONDITION ISSUES, WITH THE GOAL OF FUTURE PUBLIC DISPLAY IN MIND. SEVENTY-SEVEN DOCUMENTS AND PHOTOGRAPHS WERE DIGITALLY SCANNED, ALLOWING THE OBJECTS TO BE MORE AVAILABLE FOR RESEARCH WHILE PRESERVING THE ORIGINAL MATERIALS. ANNUAL INTERIOR CONSERVATION WORK WAS COMPLETED ON THE HISTORIC HOUSE, INCLUDING CONTINUED STABILIZATION OF THE ORIGINAL WALLPAPER, STABILIZATION OF PAINT IN AN INTERIOR ROOM, AND A DEEP CLEANING OF THE INTERIOR AND THE OBJECTS WHICH ARE ON VIEW IN THE HOUSE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cooperative Philanthropic Services
$244,369
Willis Of Massachusetts
$71,103
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $100,000
Interest on Savings $0
Dividends & Interest $223,417
Net Rental Income$0
Net Gain on Sale of Assets $3,238,667
Capital Gain Net Income $3,238,667
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $3,562,084

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