Overview

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Est.

1937

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
990 file icon
2023
990 file icon
2022
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AI Summary

The SOLOMON R GUGGENHEIM FOUNDATION is an art museums nonprofit committed to innovation in collecting and preserving art, with a 2024 operating budget of $84.9M and total revenue of $88.2M. Its top funders include THE BLOOMBERG FAMILY FOUNDATION INC ($4.5M, 2024), THE ANDREW W MELLON FOUNDATION ($3.7M, 2019), and SOURCE OF HOPE FOUNDATION C/O PKF O'CONNOR DAVIES ($3.2M, 2025).

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Mission Statement

COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O)

Cause Areas

1
Art museums

Board & Team

M
Martine Westermann
Board Member
C
Colette Chestnut
Board Member
P
Paul Cronson
Board Member

Financials

2024
Revenues
$88.2M
Expenses
$84.9M
Net Income:
+$3.3M
Assets
$230.2M
Liabilities
$107.4M
Net Assets:
+$122.8M

Financial Trends

2024
Operating Budget
$84.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
THE BLOOMBERG FAMILY FOUNDATION INC
NEW YORK, NY, US
$4.5M
< 1%
THE ANDREW W MELLON FOUNDATION
NEW YORK, NY, US
$3.7M
< 1%
JANINE AND J TOMILSON HILL FAMILY TRUST
Jenkintown, PA, US
$3.1M
41%

Grants Received

2024
Total No. of Grants
78
Median grant size
$10K
Largest grant received
$408.2K
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  • 249 funders
  • 111 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is SOLOMON R GUGGENHEIM FOUNDATION’s budget?
In 2024, SOLOMON R GUGGENHEIM FOUNDATION reported an annual operating budget of around $84.9 million. More detailed financial information is available to registered users.
What causes does SOLOMON R GUGGENHEIM FOUNDATION support?
SOLOMON R GUGGENHEIM FOUNDATION supports work in Art museums.
Where does SOLOMON R GUGGENHEIM FOUNDATION operate?
SOLOMON R GUGGENHEIM FOUNDATION is headquartered in New York, NY.
Who funded SOLOMON R GUGGENHEIM FOUNDATION recently?
In 2025, SOLOMON R GUGGENHEIM FOUNDATION received grants from Jewish Communal Fund, CHARITIES AID FOUNDATION AMERICA, and THE AARON I FLEISCHMAN AND LIN LOUGHEED FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant SOLOMON R GUGGENHEIM FOUNDATION received in 2024?
The largest grant to SOLOMON R GUGGENHEIM FOUNDATION in 2024 exceeds $408 thousand.
What is SOLOMON R GUGGENHEIM FOUNDATION’s reliance on government grants?
SOLOMON R GUGGENHEIM FOUNDATION relied on government grants for less than 5% of their total revenue in 2024.