Dia Center for the Arts Inc

“The collection, which was acquired through purchases and contributions since dia's inception, is not recognized as an asset on the statement of financial position. Purchases of collection items are expensed in the year of acquisition. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions. Acquisitions and related fabrication costs totaled $3,494,858 and $1,141,300 for the years ended june 30, 2025 and 2024 respectively. There were no deaccessions during the years ended june 30, 2025 and 2024. The collection is held for public service rather than financial gain, protected and preserved, and subject to an organizational policy that requires the proceeds from sales of such items to be used to acquire other items for the collection.”

“Assembled largely during the 1970's and early 1980's by dia's founders, philippa de menil and heiner friedrich, the original collection included works by some of the most important artists of the 1960s and 1970s including joseph beuys, john chamberlain, walter de maria, dan flavin, donald judd, imi knoebel, blinky palermo, fred sandback, cy twombly, andy warhol, and robert whitman. Anticipating the creation of dia beacon, the collection was significantly augmented beginning in the late 1990's with works by artists of the same generation as those dia historically supported. These include bernd and hilla becher, louise bourgeois, michael heizer, robert irwin, on kawara, sol lewitt, agnes martin, bruce nauman, robert ryman, gerhard richter, richard serra, robert smithson, and lawrence weiner. Since its founding in 1974, dia has been dedicated to supporting individual artists and to providing long-term, in-depth presentations of their art. Dia beacon's expansive galleries have been specifically designed for the display of the artworks to which dia is committed, many of which, because of their character or scale, could not be easily accommodated by more conventional museums. Each artist's work is displayed in a dedicated gallery or galleries, many of which were created in collaboration with the artists whose works they will hold. In addition to works at dia beacon, dia's collection comprises long-term, site-specific projects in the western united states, new york city, and bridgehampton, long island. These works, including the lightning field, spiral jetty, and the dan flavin art institute, reflect dia's commitment to promoting art that extends beyond a traditional exhibition framework.”

“Dia's endowment funds are intended to fund annual programs and operations. Purusant to dia's spending policy, an appropriation may be approved each year up to 5.5% of the average fair value of endowment funds for the twelve quarters up to and including december 31 of the preceding fiscal year end in which the distribution is planned.”