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EIN 20-2572529

Cy Twombly Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
City
New York
State
New York
Year formed
2005
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Cy Twombly Foundation is a private foundation that primarily funds to support the exhibition. Its purpose is to utilize the proceeds from the income for funding the foundation's expeditures to further the tax exempt purpose of the foundation. The grantees include The Centre Georges Pompidou. It made two grants last year. It is located in New York, NY.
Total revenues
$23,083,211
2023
Total expenses
$28,886,979
2023
Total assets
$1,510,050,049
2023
Num. employees
7
2023

Program areas at Cy Twombly Foundation

The proceeds from the income were utilized for funding the Foundation' expeditures to further the tax exempt purpose of the Foundation
Currency exchange loss

Grants made by Cy Twombly Foundation

GranteeGrant descriptionAmount
Art Institute of Chicago (AIC)Non-Cash Donation of Art for Exhibition Support$3,750,000
Whitney Museum of American ArtGeneral Support$1,334,000
The Drawing CenterGeneral Support$50,000

Personnel at Cy Twombly Foundation

NameTitleCompensation
Nicola del RoscioPresident$0
Pamela WakoffController$104,100
Nicholas SerotaDirector$65,000
Julie SylvesterVice President and Secretary$300,000
Thomas H SalibaVice President and Treasurer$0

Financials for Cy Twombly Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$3,829,245
Net rental income$0
Net gain from sale of non-inventory assets$19,320,111
Gross sales of inventory$0
Miscellaneous revenues$-66,145
Total revenues$23,083,211

Form 990s for Cy Twombly Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990PFView PDF
2022-122023-11-12990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-12-22990PFView PDF
2019-122021-02-13990PFView PDF
...and 8 more Form 990s
Data update history
December 28, 2024
Used new vendors
Identified 1 new vendor, including
December 24, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 22, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 14, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
19 E 82nd St
New York, NY 10028
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
cytwombly.org/ 
Phone
(212) 848-9866
IRS details
EIN
20-2572529
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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