Solomon R Guggenheim Foundation

“The foundation's by-laws provide that the executive committee may exercise all of the powers of the board of trustees during the intervals between meetings of the board, except: (1) the power to elect or remove trustees or officers elected by the trustees, (2) the power to fill vacancies which may occur in the board of trustees or in any committee, (3) the fixing of compensation of trustees for serving on the board of trustees or any committee, (4) the amendment or repeal of the by-laws or the adoption of new by-laws, (5) the amendment or repeal of any resolution of the board of trustees which by its terms shall not be so amendable or repeatable, (6) the approval of a merger or plan of dissolution, (7) the authorization of the sale, lease, exchange or other disposition of all or substantially all of the assets of the foundation, and (8) the approval of amendments to the charter of the foundation. On december 31, 2024, there were 8 members of the executive committee. There are no members of the executive committee who are not trustees.”

“Peter lawson-johnston, wendy l-j. Mcneil and peter lawson-johnston ii, family relationship; peter lawson-johnston ii and mark walter, business relationship; lisa baker and william mack, business relationship; andrew gundlach and j. Tomilson hill, business relationship.”

“The foundation's form 990 is prepared by an external accounting firm with the support of the foundation's finance and legal departments. It is then reviewed by the chief financial officer and the deputy director, general counsel and secretary. The draft of form 990 is then distributed to the audit and executive committee members and a meeting is held with the audit and executive committees for final review and approval. The form 990 is then distributed to the board of trustees prior to filing.”

“Pursuant to the conflict of interest policy for trustees and officers, trustees and officers disclose annually in writing any potential or actual conflicts and are required to disclose any conflicts that arise during the year. Prospective trustees are also required to disclose any potential conflicts. The audit committee of the board of trustees reviews the disclosures together with the deputy director, general counsel and secretary. Pursuant to the code of ethics, employees must disclose any transactions or relationships that may give rise to a potential or actual conflict of interest with the foundation. In addition, employees considering entering into any such transaction or relationship must obtain advance approval from either the employee's supervisor or the ethics committee, in accordance with the code of ethics. All new hires are presented with the code of ethics, which is also available electronically on the foundation's intranet. Highlights of the policy are discussed during new hire orientation. All new employees are asked to sign a statement attesting to the fact that they have been given a copy of the code of ethics, that it has been explained to them, and that they are responsible for adhering to it. The director, the chief operating officer and the deputy director, general counsel and secretary must disclose to the audit committee any transaction or relationship that may give rise to a conflict of interest.”

“The charter for the compensation committee of the board of trustees describes the process the committee uses for determining the compensation of the director and chief executive officer of the foundation and the following officers and key employees: (1) director of the peggy guggenheim collection, (2) deputy director, chief financial officer and interim chief operating officer, (3) deputy director and jennifer and david stockman chief curator, (4) deputy director, general counsel and secretary, and (5) deputy director, chief development officer. That process includes: (1) review and approval by the compensation committee; (2) the use of comparability data; and (3) contemporaneous substantiation of the deliberations and decisions which are reflected in the minutes of the compensation committee meetings. Members of the compensation committee only include trustees of the foundation and no employees. The process was last undertaken for the director and chief executive officer of the foundation in 2023 and for the above-named officers and key employees in 2024.”

“The foundation's governing documents, conflict of interest policy for trustees and officers, and forms 1023 and 990-t are available upon request. The foundation's form 990 and audited financials are available on the foundation's website.”

“Mission statement (continued) preserves, and interprets modern and contemporary art, and explores ideas across cultures through dynamic curatorial and educational initiatives and collaborations. With its constellation of architecturally and culturally distinct museums, exhibitions, publications, and digital platforms, the foundation engages both local and global audiences.”

“The guggenheim abu dhabi will be located in the cultural district of saadiyat island in abu dhabi, the capital of the united arab emirates (uae). Designed by internationally renowned architect frank gehry, the future museum will house its own modern and contemporary art collection and present special exhibitions. Exhibitions presented in 2024 at the solomon r. Guggenheim museum in new york (the "guggenheim museum") included: only the young: experimental art in korea, 1960s-1970s (september 1, 2023 to january 7, 2024); going dark: the contemporary figure at the edge of visibility (october 20, 2023 to april 7, 2024); by way of: material and motion in the guggenheim collection (march 15, 2024 to june 8, 2025); jenny holzer; light line (may 17, 2024 to september 29, 2024); harmony and dissonance: orphism in paris, 1910-1930 (november 8, 2024 to march 9, 2025); and collection in focus - piet mondrian: ever further (november 22, 2024 to april 20, 2025). Impressionist, post-impressionist and modern selections from the guggenheim museum's thannhauser collection were also on view, including works by degas, manet, picasso, and van gogh. Exhibitions presented in 2024 at the peggy guggenheim collection in venice included: marcel duchamp and the lure of the copy (october 14, 2023 to march 18, 2024); jean cocteau: the juggler's revenge (april 13 to september 16, 2024); and marina apollonio: beyond the circle (october 12, 2024 to march 3, 2025). Selections from the peggy guggenheim collection and the hannelore b. And rudolph b. Schulhof collection were also on view. Exhibitions presented in 2024 at the guggenheim museum bilbao included: picasso sculptor. Matter and body (september 29, 2023 to january 14, 2024); giovanni anselmo: beyond the horizon (february 9 to may 19, 2024); signs and objects. Pop art from the guggenheim collection (february 16 to september 15, 2024); metahaven: chaos theory (february 22 to june 9, 2024); june crespo. Vascular (march 1 to june 9, 2024); martha jungwirth (june 7 to september 22, 2024); anthony mcall: split second (june 19 to november 10, 2024); yoshitomo nara (june 28 to november 3, 2024); hilma af klint (october 18, 2024 to february 2, 2025); and paul pfeiffer: prologue to the story of the birth of freedom (november 30, 2024 to march 16, 2025). Selections from the guggenheim museum bilbao collection were also on view throughout the year.”

“The foundation maintains two art conservation labs to properly care for the art in its possession; it also conducts research on new techniques in art conservation. In 2024, the foundation purchased 34 works by 20 artists that included works from artists that were exhibited in 2024 and those that were new to the collection continuing to further the foundation's commitment to expanding the purview of its interpretation and presentation of modern and contemporary art. The acquisitions comprise artworks across various mediums and highlights include works by manal aldowayan, american artist, alvaro barrios, tracey emin, tiona nekkia mcclodden, delcy morelos, lorna simpson, and ming smith. 25 gifts of art were made to the foundation in 2024, many of which enhanced the foundation's holdings of latin american art and include works by tadaskia, madelena santos reinbolt, valentina lierner, loriel beltran, and gego. The foundation received its first gift of an augmented realty work by ahmet ogut, marking a significant milestone in the foundation's acquisition of digital and interactive art.”

“Learning through art (lta) is the foundation's hallmark artist-in-residency program that sends experienced teaching artists into new york city public schools where they collaborate with classroom teachers to develop, facilitate, and integrate art projects into the school curriculum by offering new insights into art and challenging students to think critically about art and its ideas. During the twenty-week, in-school residencies (fall 2023-spring 2024), 1425 students throughout the five boroughs examined, discussed, and created works of art. Visits to the guggenheim museum support the residencies. At the end of the residency, 225 selected student works were presented in the annual a year with children exhibition held at the guggenheim museum. In 2024, programs for teens between the ages of 13 to 18 years engaged 3,046 teens in the gugg teens collaborative, teen tuesdays, teen fest and the art detectives summer program that focuses on art conservation. Over 100 individuals attended art camps for children, teens and families during seasonal breaks and holidays providing hands-on-art-making workshops. The foundation also continued its commitment to accessibility for visitors with disabilities with the guggenheim for all programming which aims to provide a developmentally sound museum experience and art-making opportunity for students on the autism spectrum. The foundation also welcomed over 6,500 k-12 students and chaperones and university students for on-site tours. The foundation's mind's eye programs are designed to expand access to works of art through multisensory exploration with tours and workshops designed for visitors who are blind or have low vision. The programs are conducted by arts and education professionals through verbal description audio guides, conversations, sensory experiences and creative practice. Over 100 individuals participated in online, mult-session programs rooted in art, architecture and creative practice including color theory, still life and drawing courses. The foundation's public programs department saw over 4,000 visitors attending lectures, symposia, performances and other programs throughout 2024, including its popular late shift, an after-hours experience for attendees explore the museum's galleries and participate in curated interactive experiences, and programs in connection with the poet-in-residence initiative sponsored by van cleef & arpels and presented in collaboration with the academy of american poets.”

“Pension plan adjustments 999,925. Foreign currency translation adjustment -511,308.”

“Topic 958) to permit the use of sales proceeds from deaccessioned collection items for the direct care of the collection, in addition to the acquisition of new collection items. The foundation's collection management policy is in alignment with fasb, association of art museum directors guidelines, and new york law. During 2024 the foundation used $194,789 of funds from deaccessioning to support the direct care of the collection.”