Roy Lichtenstein Foundation

Organization Overview

Roy Lichtenstein Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Roy Lichtenstein 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, Roy Lichtenstein Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 14.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Roy Lichtenstein Foundation has awarded 92 individual grants totaling $50,950,042. 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

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORAL HISTORY PROJECT-RECORDED INTERVIEWS WITH R. LICHTENSTEIN ACQUAINTANCES, FAMILY, COLLECTORS, FRIENDS AND STAFF MEMBERS


CREATION OF CATALOGUE RAISONNE - MULTI VOLUME AND ELECTRONIC COMPREHENSIVE CATALOGUE DOCUMENTING ALL KNOWN ARTWORKS OF ROY LICHTENSTEIN.


EXHIBITIONS OF ART BY ROY LICHTENSTEIN IN NEW YORK, MAINE AND BELGIUM.


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Board, Officers & Key Employees

Name (title)Compensation
William John Cowart
Executive Director
$450,000
Andrea Thiel
Staff
$201,411
Justin Brancato
Staff
$200,495
Shannon Mulshine
Staff
$89,369
Joy Goodwin
Staff
$89,369
Hilary Price
Staff
$88,365

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cleary Gottlieb Steen & Hamilton Llp
$112,490
Goldglit & Company Llp
$89,340
Anthony Atlas
$76,260
Shari Alexander Llc
$73,220
Jaena Kwon
$71,015
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,485,500
Interest on Savings $101
Dividends & Interest $920,391
Net Rental Income$0
Net Gain on Sale of Assets -$27,957
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $150
Total Revenue $2,378,185

Grants Awarded

Over the last fiscal year, Roy Lichtenstein Foundation has awarded $3,811,636 in support to 14 organizations.

Grant RecipientAmount

PHILADELPHIA MUSEUM OF ART

PURPOSE: DONATION OF ROY LICHTENSTEIN'S "BRUSHSTROKE GROUP" TO THE MUSEUM FOR ITS COLLECTION OF HIS WORK.

$1,592,650

COLUMBUS MUSEUM OF ART

Org PageRecipient Profile

Columbus, OH

PURPOSE: PERMANENT ENDOWMENT OF THE LICHTENSTEIN FOUNDATION CURATORIAL FELLOWSHIP FOR DIVERSITY AND INCLUSION IN THE ARTS.

$1,000,000

OHIO STATE UNIVERSITY

PURPOSE: FINAL INSTALLMENT OF A $6,000,000 GIFT PLEDGED IN 2019 TO INSTALL TWO ENDOWED PROFESSORS; THE ROY LICHTENSTEIN ENDOWED CHAIR OF STUDIO ART AND THE ROY LICHTENSTEIN FOUNDATION ENDOWED CHAIR OF ART HISTORY.

$500,000

INTERNATIONAL FOUNDATION FOR ART RESEARCH

Org PageRecipient Profile

New York, NY

PURPOSE: GRANT FOR A SPECIAL PROJECT RELATING TO IFAR'S 50TH ANNIVERSARY.

$252,500

Atlanta, GA

PURPOSE: THE ROY LICHTENSTEIN FOUNDATION PLEDGED $160,000 A YEAR TO THE ATLANTA UNIVERSITY CENTER (AUC) ART HISTORY + CURATORIAL STUDIES COLLECTIVE FOR A FOUR-YEAR PILOT PHASE TO UNDERWRITE TWO FELLOWSHIPS AND PROVIDE THEIR RELATED SUPPORT IN THE ROY LICHTENSTEIN FOUNDATION POST-BACCALAUREATE FELLOWSHIPS IN MUSEUM PROFESSIONS.

$160,000

COLUMBUS MUSEUM OF ART

Org PageRecipient Profile

Columbus, OH

PURPOSE: TWO INSTALLMENT PAYMENTS TOWARDS A $300,000 GRANT OBLIGATION TO BE PAID OVER SEVERAL YEARS TO FUND THE ROY LICHTENSTEIN CURATORIAL FELLOWSHIP, THREE (TWO-YEAR) FELLOWSHIPS IN A CURATORIAL "INCUBATOR" FOR POST-GRADUATES IN ART HISTORY OR A RELATED FIELD ANTICIPATING A CAREER AS A MUSEUM PROFESSIONAL.

$100,000
View Grant Profile

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