Solomon R Guggenheim Foundation is a 501(c)(3) organization based in New York, New York, registered in 1938, with $88,200,362 in FY2024 revenue. CharityIndex grades it A, and it directs about 66% of spending to programs.
Revenue (FY2024)
$88.2M
▲ 6.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$84.9M
Net assets
$122.8M
Employees
588
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Solomon R Guggenheim Foundation: 66% to programs · $15 to raise $100 earns a B on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Solomon R Guggenheim Foundation: 17 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Solomon R Guggenheim Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Solomon R Guggenheim Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Committed to innovation, the solomon r. guggenheim foundation collects, (continued on schedule o)
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)
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).
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.
Revenue grew from $77.9M (FY2013) to $88.2M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$230.2M
Total liabilities
$107.4M
Net assets
$122.8M
Salaries & benefits
$42.9M
51% of expenses
Board members
27
26 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $88,200,362▲6.8% | $84,882,538▲2.2% | $122,805,503▲5.1% | $230,239,605▲4.2% | 990 |
| 2023 | $82,597,103▲8.8% | $83,025,584▲16.7% | $116,875,736▼3.3% | $220,937,957▼4.8% | 990 |
| 2022 | $75,933,810▲3.8% | $71,157,329▲14.7% | $120,920,350▼10.9% | $232,151,018▼3.4% | 990 |
| 2021 | $73,166,662▲38.5% | $62,035,535▲1.3% | $135,677,394▲8.6% | $240,294,871▲1.7% | 990 |
| 2020 | $52,810,956▼37.6% | $61,245,642▼13.9% | $124,909,107▲8.9% | $236,296,508▲11.8% | 990 |
| 2019 | $84,620,075▲9.6% | $71,125,882▼4.6% | $114,687,565▲25.0% | $211,321,255▲26.6% | 990 |
| 2018 | $77,177,197▲24.8% | $74,554,415▲0.7% | $91,723,584▼3.6% | $166,863,549▼2.6% | 990 |
| 2017 | $61,825,391▼12.4% | $74,010,488▼7.6% | $95,125,735▼4.0% | $171,396,218▼0.7% | 990 |
| 2016 | $70,615,121▼1.8% | $80,072,379▲6.4% | $99,065,458▼9.9% | $172,577,842▲1.1% | 990 |
| 2015 | $71,881,328▼19.4% | $75,233,876▼8.3% | $109,911,684▼8.0% | $170,634,482▼1.7% | 990 |
| 2014 | $89,192,827▲14.5% | $82,073,512▲8.6% | $119,514,137▲4.1% | $173,588,373▼1.1% | 990 |
| 2013 | $77,901,649 | $75,582,888▲1.8% | $114,795,900▲12.0% | $175,525,125▲5.8% | 990 |
| 2012 | — | $74,249,962▲4.8% | $102,493,730▲11.6% | $165,952,154▲8.0% | 990 |
| 2011 | — | $70,872,926▲16.3% | $91,799,948▲1.4% | $153,616,764▼1.5% | 990 |
| 2010 | — | $60,924,976 | $90,541,104 | $156,033,188 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Richard Armstrong — $737,425 (0.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Armstrong | Director Emeritus | 0 | $737,425 |
| Martine Westermann | Director/ceo | 40 | $663,303 |
| Martha Withington | Dep Dir, Cfo and Interim Coo | 40 | $472,656 |
| Sarah G Austrian | Dep Dir, Gen Counsel & Sec. | 40 | $472,290 |
| Naomi Beckwith | Dep Dir & Stockman Chief Curator | 40 | $412,922 |
| Ty Woodfolk - Dep Dirchief | Culture & Incl. Officer (thru 08/24) | 40 | $262,818 |
| Cyra Levenson | Dep Dir&engelberg Dir Educ&pub Eng | 40 | $246,337 |
| Karole Vail | Dir, Peggy Guggenheim Collection | 40 | $243,531 |
| Ronni Weinstein | Associate General Counsel | 40 | $222,574 |
| Colette Chestnut | Controller | 40 | $222,282 |
| Patricia A Jeffers | Dep Dir/chief Hr Officer(thru 08/24) | 40 | $203,261 |
| Dana Wallach Jones | Asst Gen Counsel/asst Secretary | 24 | $121,644 |
| Abigail Williams Baratta | Trustee | 5 | — |
| Andrew Gundlach | Trustee | 2 | — |
| Barbara Slifka | Trustee | 1 | — |
| Brian Robinson | Trustee | 2 | — |
| Charles M Diker | Trustee/vice-president | 5 | — |
| Cindy Chua-tay | Trustee | 2 | — |
| Claudia Rankine | Trustee | 2 | — |
| Daniel Sallick | Trustee (as of 12/24) | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Ams International | Contract Staffing | $2,412,760 |
| Crothall Healthcare | Janitorial | $1,161,061 |
| Allied Universal | Security | $1,133,896 |
| Kiboworks | Fabrication | $913,025 |
| Framestore | Consulting | $609,500 |
127 grants to Solomon R Guggenheim Foundation totaling $10.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Arts and culture | 2024 | $100,300 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $100,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $69,625 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $31,250 |
| Charities Aid Foundation America | Charitable donation | 2024 | $15,564 |
| Ayco Charitable Foundation | Arts and culture | 2024 | $8,800 |
| Goldman Sachs Charitable Gift Fund | Educational programs & other student svc | 2023 | $1,300,000 |
| National Philanthropic Tr | Human services | 2023 | $408,169 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $326,740 |
| Goldman Sachs Charitable Gift Fund | Community outreach & enrichment programs | 2023 | $170,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Arts and culture | 2023 | $155,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $66,435 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $55,500 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $35,390 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2023 | $30,000 |
Explore more
Data for Solomon R Guggenheim Foundation (EIN 13-5562233) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.