EIN 36-2999442

Terra Foundation for American Art

IRS 501(c) type
501(c)(3)
Num. employees
23
Year formed
2003
Most recent tax filings
2023-06-01
NTEE code, primary
Description
The Terra Foundation for American Art is dedicated to fostering exploration, understanding, and enjoyment of the visual arts of the United States for national and international audiences.
Total revenues
$449,057
2023
Total expenses
$19,541,234
2023
Total assets
$583,846,758
2023
Num. employees
23
2023

Program areas at Terra Foundation for American Art

Grants were awarded to 179 educational & public institutions for exhibitions, educational programs & sympsia, fellowships, & publications.
Direct activities to advance the field of American Art, including exhibitions, scholarly research, publications and educational & residency programs.
Fellowship and research grants were awarded to individuals for Art education. All grants to individuals are monitored by Terra Foundation staff.
Royalties are derived from the sale of Art reproductions & publications sold at nonprofit museums and institutions for educational purposes.

Grants made by Terra Foundation for American Art

GranteeGrant descriptionAmount
LaxartArt Education$250,000
Whitney Museum of American ArtArt Education$250,000
Noguchi MuseumArt Education$250,000
...and 114 more grants made totalling $7,707,269

Who funds Terra Foundation for American Art

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fore the Kids$76,776
William M and Ann K Grace FoundationGeneral Support$15,000

Personnel at Terra Foundation for American Art

NameTitleCompensation
Catherine SarrChief Executive Officer
Sharon CorwinPresident and Chief Executive Officer$500,102
Anne MunschChief Financial Officer$403,732
Elizabeth GlassmanPresident Emerita$1,966,044
Jessica WarchallDirector of Communications
...and 12 more key personnel

Financials for Terra Foundation for American Art

RevenuesFYE 06/2023
Total grants, contributions, etc.$36,000
Investment income and dividends$4,251,222
Net rental income$0
Net gain from sale of non-inventory assets$-3,985,017
Gross sales of inventory$0
Miscellaneous revenues$146,852
Total revenues$449,057

Form 990s for Terra Foundation for American Art

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990PFView PDF
2022-062023-05-15990PFView PDF
2021-062022-07-11990PFView PDF
2020-062021-06-23990PFView PDF
2019-062020-11-04990PFView PDF
...and 7 more Form 990s
Data update history
July 10, 2024
Used new vendors
Identified 3 new vendors, including , , and
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $76,776 from Fore the Kids
April 15, 2024
Updated personnel
Identified 1 new personnel
January 15, 2024
Updated personnel
Identified 2 new personnel
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from William M and Ann K Grace Foundation
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
120 E Erie St
Chicago, IL 60611
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Phone
(312) 664-3939
Facebook page
TerraAmericanArt 
Twitter profile
@terraamart 
IRS details
EIN
36-2999442
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
2003
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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