Kimbell Art Foundation

Organization Overview

Kimbell Art Foundation is located in Fort Worth, TX. The organization was established in 1998. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is the central organization for a national or regional group of organizations. Kimbell Art 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, Kimbell Art Foundation generated $22.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $43.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Kimbell Art Foundation has awarded 46 individual grants totaling $2,150,693. 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

(SEE STATEMENT)


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Board, Officers & Key Employees

Name (title)Compensation
Eric M Lee
Museum Director
$623,900
George Tm Shackelford
Deputy Director
$397,876
Name Not Listed
Director
$0
Mark K Rich
Dir. Of Investments
$220,000
Larry D Eubank
Operations Manager
$188,200
Robert Mcan
Donor Relations Head
$170,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Taylor Companies Royalty Holdings Ii Llc
$112,000
Loomis Sayles
$97,006
Northern Trust
$103,444
Kelly Hart & Hallman Llp
$136,043
Luther King Capital Management
$109,937
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,262,179
Interest on Savings $66,231
Dividends & Interest $622,170
Net Rental Income$0
Net Gain on Sale of Assets $2,591,018
Capital Gain Net Income $2,515,551
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $183,857
Other Income $17,483,441
Total Revenue $22,208,896

Grants Awarded

Over the last fiscal year, Kimbell Art Foundation has awarded $209,000 in support to 5 organizations.

Grant RecipientAmount

AMON CARTER MUSEUM OF AMERICAN ART

PURPOSE: CAPITAL CAMPAIGN

$200,000

FORT WORTH SYMPHONY ORCHESTRA

PURPOSE: OPERATING SUPPORT

$4,000

TEXANS FOR THE ARTS FOUNDATION

Org PageRecipient Profile

Austin, TX

PURPOSE: OPERATING SUPPORT

$2,500

VAN CLIBURN FOUNDATION

Org PageRecipient Profile

Fort Worth, TX

PURPOSE: OPERATING SUPPORT

$1,500

ASPEN CENTER FOR PHYSICS

Org PageRecipient Profile

Aspen, CO

PURPOSE: OPERATING SUPPORT

$1,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kimbell Art Foundation has recieved totaling $236,000.

Awarding OrganizationAmount
Burnett Foundation

Fort Worth, TX

PURPOSE: GENERAL SUPPORT

$235,000
Edgemon Family Foundation

Dallas, TX

PURPOSE: OPERATIONAL SUPPORT

$1,000
View Grant Recipient Profile

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