Nonprofit · EIN 13-5562233
SOLOMON R GUGGENHEIM FOUNDATION
Tax-exempt · NEW YORK, NY 10128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $88,200,362 | $84,882,538 | $3,317,824 | $230,239,605 | $107,434,102 | $122,805,503 |
| December 31, 2023 | 990 | $82,597,103 | $83,025,584 | -$428,481 | $220,937,957 | $104,062,221 | $116,875,736 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,080,599
- of which government grants
- $557,068
- Membership dues
- $3,493,742
- Program service revenue
- $34,459,412
- Investment income
- $10,969,130
- Royalties
- $2,072,550
- Net rental income
- -$18,897
- Net gain from sales of assets
- $7,436,532
- Net income from fundraising events
- -$1,030,200
- Net income from sales of inventory
- $334,065
- Other revenue
- $2,691,221
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,666,888
- Other salaries and wages
- $30,883,417
- Salaries, compensation and benefits (total)
- $42,925,270
- Professional fundraising fees
- $133,680
- Legal fees
- $395,926
- Accounting fees
- $101,896
- Occupancy
- $9,588,631
- Travel
- $2,486,893
- Depreciation
- $4,117,156
- Program services (functional)
- $56,376,138
- Management and general (functional)
- $22,373,410
- Fundraising (functional)
- $6,132,990
Balance sheet and other
- Total assets, start of year
- $220,937,957
- Total assets, end of year
- $230,239,605
- Total liabilities, end of year
- $107,434,102
- Net assets, end of year
- $122,805,503
- Land, buildings and equipment
- $36,985,062
- Publicly traded securities
- $127,812,564
- Net assets without donor restrictions
- -$5,485,425
- Net assets with donor restrictions
- $128,290,928
- Gross unrelated business income
- $718,689
- Gross receipts
- $184,275,162
- Employees
- 588
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARTINE WESTERMANN | DIRECTOR/CEO Trustee or director, Officer | 40 | $663,303 | $283,000 |
| RICHARD ARMSTRONG | DIRECTOR EMERITUS Former | 0 | $737,425 | $0 |
| MARTHA WITHINGTON | DEP DIR, CFO AND INTERIM COO Officer | 40 | $472,656 | $60,681 |
| SARAH G AUSTRIAN | DEP DIR, GEN COUNSEL & SEC. Officer | 40 | $472,290 | $42,335 |
| NAOMI BECKWITH | DEP DIR & STOCKMAN CHIEF CURATOR Key employee | 40 | $412,922 | $45,415 |
| KAROLE VAIL | DIR, PEGGY GUGGENHEIM COLLECTION Key employee | 40 | $243,531 | $105,603 |
| CYRA LEVENSON | DEP DIR&ENGELBERG DIR EDUC&PUB ENG Highest-paid employee | 40 | $246,337 | $50,178 |
| TY WOODFOLK - DEP DIRCHIEF | CULTURE & INCL. OFFICER (THRU 08/24) Highest-paid employee | 40 | $262,818 | $16,888 |
| RONNI WEINSTEIN | ASSOCIATE GENERAL COUNSEL Highest-paid employee | 40 | $222,574 | $29,649 |
| COLETTE CHESTNUT | CONTROLLER Highest-paid employee | 40 | $222,282 | $24,026 |
| PATRICIA A JEFFERS | DEP DIR/CHIEF HR OFFICER(THRU 08/24) Highest-paid employee | 40 | $203,261 | $18,150 |
| DANA WALLACH JONES | ASST GEN COUNSEL/ASST SECRETARY Officer | 24 | $121,644 | $6,082 |
| JON IMANOL AZUA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LISA BAKER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ABIGAIL WILLIAMS BARATTA | TRUSTEE Trustee or director | 5 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CINDY CHUA-TAY | TRUSTEE Trustee or director | 2 | $0 |
| PAUL CRONSON | TRUSTEE Trustee or director | 2 | $0 |
| DIMITRIS DASKALOPOULOS | TRUSTEE/VICE-PRESIDENT (THRU 09/24) Trustee or director, Officer | 5 | $0 |
| CHARLES M DIKER | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 5 | $0 |
| THOMAS R ELLIS | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 5 | $0 |
| GAIL MAY ENGELBERG | TRUSTEE Trustee or director | 5 | $0 |
| WENDY FISHER | TRUSTEE/PRESIDENT Trustee or director, Officer | 8 | $0 |
| ANDREW GUNDLACH | TRUSTEE Trustee or director | 2 | $0 |
| J TOMILSON HILL | TRUSTEE/CHAIR Trustee or director, Officer | 8 | $0 |
| FRANCESCA LAVAZZA | TRUSTEE Trustee or director | 2 | $0 |
| PETER LAWSON-JOHNSTON | TRUSTEE/HONORARY CHAIR Trustee or director, Officer | 2 | $0 |
| PETER LAWSON-JOHNSTON II | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM L MACK | TRUSTEE/CHAIR EMERITUS Trustee or director | 5 | $0 |
| WENDY L-J MCNEIL | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 5 | $0 |
| MITCHELL MORGAN | TRUSTEE Trustee or director | 2 | $0 |
| CLAUDIA RANKINE | TRUSTEE Trustee or director | 2 | $0 |
| STEPHEN ROBERT | TRUSTEE/TREASURER Trustee or director, Officer | 5 | $0 |
| BRIAN ROBINSON | TRUSTEE Trustee or director | 2 | $0 |
| DANIEL SALLICK | TRUSTEE (AS OF 12/24) Trustee or director | 2 | $0 |
| HARVEY M SCHWARTZ | TRUSTEE Trustee or director | 2 | $0 |
| SAMIRA SINE | TRUSTEE (AS OF 12/24) Trustee or director | 2 | $0 |
| BARBARA SLIFKA | TRUSTEE Trustee or director | 1 | $0 |
| MARK R WALTER | TRUSTEE Trustee or director | 1 | $0 |
| FRANK YU | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD ARMSTRONG THRU 0723 | TRUSTEE/DIR. OF MUSEUM & FDTN. Trustee or director, Officer | 40 | $854,776 | $403,246 |
| MARTHA WITHINGTON | DEP DIR, CFO AND INTERIM COO Officer | 40 | $469,132 | $58,070 |
| SARAH G AUSTRIAN | DEP DIR, GEN COUNSEL & SEC. Officer | 40 | $466,284 | $41,130 |
| NAOMI BECKWITH | DEP DIR & STOCKMAN CHIEF CURATOR Key employee | 40 | $409,259 | $38,462 |
| KAROLE VAIL | DIR, PEGGY GUGGENHEIM COLLECTION Key employee | 40 | $241,680 | $102,532 |
| BEN RAWLINGSON PLANTTHRU 1123 | DEP DIR GBL COMMS PUB AFFAIRS Highest-paid employee | 40 | $321,467 | $18,974 |
| PATRICIA A JEFFERS | DEP DIR CHIEF HR OFFICER Highest-paid employee | 40 | $299,231 | $21,569 |
| CYRA LEVENSON | DEP DIR&ENGELBERG DIR EDUC&PUB ENG Highest-paid employee | 40 | $238,890 | $50,005 |
| LEAH HEISTER BURTON THRU 0723 | DEP DIR, CHIEF ADVANCEMENT OFFICER Key employee | 40 | $239,102 | $36,526 |
| TY WOODFOLK | DEP DIR CHIEF CULTURE&INCL. OFFICER Highest-paid employee | 40 | $253,596 | $15,556 |
| CAROL STRINGARI | DEP DIR & CHIEF CONSERVATOR Highest-paid employee | 40 | $207,263 | $29,486 |
| DANA WALLACH JONES | ASST GEN COUNSEL/ASST SECRETARY Officer | 24 | $118,101 | $6,125 |
| JON IMANOL AZUA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LISA BAKER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ABIGAIL WILLIAMS BARATTA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CINDY CHUA-TAY | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PAUL CRONSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DIMITRIS DASKALOPOULOS | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| CHARLES M DIKER | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| THOMAS R ELLIS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| GAIL MAY ENGELBERG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| WENDY FISHER | TRUSTEE/PRESIDENT Trustee or director, Officer | 8 | $0 | $0 |
| ANDREW GUNDLACH | TRUSTEE Trustee or director | 3 | $0 | $0 |
| J TOMILSON HILL | TRUSTEE/CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| RASHID JOHNSON | TRUSTEE/VICE-PRESIDENT (THRU 11/23) Trustee or director, Officer | 5 | $0 | $0 |
| FRANCESCA LAVAZZA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PETER LAWSON-JOHNSTON | TRUSTEE/HONORARY CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| PETER LAWSON-JOHNSTON II | TRUSTEE Trustee or director | 3 | $0 | $0 |
| WILLIAM L MACK | TRUSTEE/CHAIR EMERITUS Trustee or director | 5 | $0 | $0 |
| LINDA MACKLOWE | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| WENDY L-J MCNEIL | TRUSTEE/VICE-PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MITCHELL MORGAN | TRUSTEE (AS OF 03/23) Trustee or director | 3 | $0 | $0 |
| CLAUDIA RANKINE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| STEPHEN ROBERT | TRUSTEE/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| BRIAN ROBINSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DENISE SAUL | TRUSTEE/VICE-PRESIDENT (THRU 12/23) Trustee or director, Officer | 5 | $0 | $0 |
| HARVEY M SCHWARTZ | TRUSTEE (AS OF 06/23) Trustee or director | 3 | $0 | $0 |
| BARBARA SLIFKA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MARK R WALTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARIET WESTERMANN | TRUSTEE (AS OF 11/23) Trustee or director | 3 | $0 | $0 |
| FRANK YU | TRUSTEE Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1071 5TH AVE, NEW YORK, NY 10128-0112
- In care of
- % SUSANNAH NAYLOR
- Principal officer (990 for 2024)
- MARTINE WESTERMANN, 1071 FIFTH AVENUE, NEW YORK, NY 10128
- Signed the 990
- MARTINE WESTERMANN, DIRECTOR AND CEO
- Phone
- (212) 360-4216
- Website
- WWW.GUGGENHEIM.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION (THE "FOUNDATION") COLLECTS, (CONTINUED ON SCHEDULE O)
Program accomplishments
- DURING 2024, THE FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH MUSEUMS ARE OPEN TO THE PUBLIC, CONDUCT TOURS OF EXHIBITIONS AND PROVIDE EDUCATIONAL TEXTS FREE OF CHARGE IN FULLFILMENT OF THE FOUNDATION'S MISSION. THE GUGGENHEIM MUSEUM WAS OPEN TO THEPUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS. CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FOR FREE. (CONTINUED ON SCHEDULE O).Expenses $26,396,111 · revenue $34,066,430
- AS PART OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC IN SEVERAL WAYS. THE FOUNDATION STUDIES THE ART IN THE FOUNDATION'S POSSESSION AND PLANS EXHIBITIONS FOR PUBLIC VIEWING. THE FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF SPECIAL EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. THE FOUNDATION MAINTAINS EXTENSIVE CLIMATE-CONTROLLED, HIGHLY SECURE STORAGE FACILITIES FOR THE ART IN ITS COLLECTION. IT ALSO OPERATES A PHOTOGRAPHY STUDIO FOR THE DOCUMENTATION OF ART AND ARCHIVES TO STORE PHOTOGRAPHS OF ART AND MAKE THEM AVAILABLE TO THE PUBLIC FOR PUBLICATION OR STUDY. (CONTINUED ON SCHEDULE O)Expenses $16,332,589
- THE FOUNDATION'S EDUCATION AND PUBLIC PROGRAMMING DEPARTMENTS ENGAGED THE GENERAL PUBLIC THROUGH PROGRAMS FOR SCHOOLS, YOUTH, TEENS, FAMILY AND ADULT AUDIENCES. (CONTINUED ON SCHEDULE O).Expenses $5,801,324 · revenue $392,982
- DISSEMINATING CURRENT SCHOLARSHIP AND PROMOTING LEARNING ARE THE PRIMARY GOALS OF THE MANY EXHIBITION AND COLLECTION CATALOGUES PRODUCED BY THE FOUNDATION. PUBLICATIONS PRESENT SCHOLARLY AND INSTRUCTIVE ART HISTORICAL INFORMATION IN THE FORM OF ESSAYS THAT CONTEXTUALIZE ART WITHIN LARGER MOVEMENTS OR DISCIPLINES; IN-DEPTH DISCUSSIONS OF INDIVIDUAL ARTWORKS; INTERVIEWS WITH ARTISTS AND REFERENCE TOOLS SUCH AS BIBLIOGRAPHIES, BIOGRAPHIES, CHRONOLOGIES, AND EXHIBITION HISTORIES. PUBLICATIONS IN 2024 INCLUDED JENNY HOLZER: TRACE; ONLY THE YOUNG: EXPERIMENTAL ART IN KOREA: 1960S - 1970S; GOING DARK: THE CONTEMPORARY FIGURE AT THE EDGE OF VISIBILITY; AND HARMONY AND DISSONANCE:ORPHISM IN PARIS, 1910-1930.SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUE ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG INCLUDING MORE THAN 1,900 ARTWORKS BY MORE THAN 625 ARTISTS IN THE COLLECTION ONLINE. IN 2024 THE FOUNDATION PUBLISHED 5 NEW VIDEOS AND 197 NEW AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO 621 AND AUDIO TRACKS TO APPROXIMATELY 2,052.ADDITIONALLY, IN 2024, THE FOUNDATION PUBLISHED 8 NEW BLOG POSTS OFFERING INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER OF POSTS AVAILABLE ONLINE TO 1,120. IN 2024, GUGGENHEIM.ORG RECORDED 4,235,570 USER SESSIONS AND 22,459,067 PAGE VIEWS. THE GUGGENHEIM REMAINS COMMITTED TO CREATING A WELCOMING EXPERIENCE FOR ALL VISITORS BOTH ONSITE AND ONLINE. THE GUGGENHEIM DIGITAL GUIDE, AVAILABLE ON THE BLOOMBERG CONNECTS APP, CONTINUES TO PROVIDE RICH ENGAGEMENT FOR AUDIENCES. VERBAL DESCRIPTIONS ARE A CENTRAL FEATURE OF THIS EXPERIENCE AND SUPPORT ACCESSIBILITY AND INCLUSIVE STORYTELLING.IN 2024, MORE THAN 40 NEW VERBAL DESCRIPTION TRACKS WERE CREATED FOR THE EXHIBITIONS JENNY HOLZER: LIGHT LINE; BY WAY OF: MATERIAL AND MOTION IN THE GUGGENHEIM COLLECTION; HARMONY AND DISSONANCE: ORPHISM IN PARIS, 1910-1930; AND COLLECTION IN FOCUS: PIET MONDRIAN: EVER FURTHER.RECOGNIZING THAT MANY OF THE MUSEUM'S VISITORS ARE INTERNATIONAL, THE MUSEUM REMAINS COMMITTED TO A COMPREHENSIVE TRANSLATION STRATEGY. IN 2024, ITALIAN WAS ADDED AS A PRIMARY TRANSLATION LANGUAGE, ALONGSIDE SPANISH, AND THE MUSEUM ALSO INTEGRATED BLOOMBERG CONNECTS' GOOGLE TRANSLATE FEATURE TO BROADEN MULTILINGUAL ACCESS TO TEXT-BASED CONTENT.Expenses $7,846,114
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-5562233
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A510)
- Assets (IRS master file)
- $230,239,605
- Income (IRS master file)
- $184,275,162
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $88,200,362 | $84,882,538 | $230,239,605 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $82,597,103 | $83,025,584 | $220,937,957 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $75,933,810 | $71,157,329 | $232,151,018 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-5562233).
Questions about SOLOMON R GUGGENHEIM FOUNDATION
- What is the EIN of SOLOMON R GUGGENHEIM FOUNDATION?
- The employer identification number (EIN) of SOLOMON R GUGGENHEIM FOUNDATION is 13-5562233.
- Is SOLOMON R GUGGENHEIM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to SOLOMON R GUGGENHEIM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOLOMON R GUGGENHEIM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOLOMON R GUGGENHEIM FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOLOMON R GUGGENHEIM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOLOMON R GUGGENHEIM FOUNDATION?
- The 990 for the year ended December 31, 2024 names MARTINE WESTERMANN.
- Who are the officers and directors of SOLOMON R GUGGENHEIM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 39 people; 12 received compensation from the organization, the highest $663,303 (MARTINE WESTERMANN, DIRECTOR/CEO).
- How much revenue does SOLOMON R GUGGENHEIM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $88,200,362, expenses of $84,882,538 and total assets of $230,239,605 at year end.
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