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LGT Foundation

Garden City, NY · EIN 061281494 · Form 990PF · FY2024 · Medium ($1M-$10M)
revenue
$1.5M
expenses
$478K
net assets
$8.4M
employees
profile · synthesized from sources

LGT Foundation is a private foundation based in New York that supports artists and arts organizations through grants and in-kind contributions. Its funding focuses on craft, visual arts, and artist support, including scholarships, residencies, and exhibition programming. The foundation also facilitates major art donations to institutions through bargain sales.

named programs · 3 · from sources

What they call their work

Art Donation and Bargain Sale Program
Facilitates the donation of significant artworks, primarily by Lenore Tawney, to major museums through appraised-value contributions and bargain sales.
Artist Scholarship and Residency Support
Provides funding for scholarships and residencies for emerging and mature artists, with a focus on women-identifying and underrepresented artists.
Exhibition and Programming Support
Funds exhibitions and public programs at art museums and cultural institutions, particularly those highlighting underrepresented visual artists.
activities · 6 groups

What they do

  • Artist Support Grants 4 activities
    • Funding emergency relief assistance for artists in need
      Funds emergency relief programs that provide financial and other forms of support to artists facing hardship. This includes grants to individuals or organizations delivering direct aid to artists in crisis.
    • Funding multi-year artist-in-residence programs
      Provides financial support for the Surface Design Association’s 2025–2027 Artist in Residence Program, enabling sustained engagement and creative production.
    • Funding professional development fellowships in the visual arts
      Finances the ArtTable Summer Fellowship in the Visual Arts Profession program, which supports career advancement and leadership opportunities in the arts sector.
    • Funding scholarships for women-identifying artists in longform residencies
      Provides grants for three mature, women-identifying artists to attend Ox-Bow's 2025 Longform residency program, supporting access and equity in artist development.
  • Art Museum Funding and Support 2 activities
    • Funding exhibition programming and presentations, including "Toshiko Takaezu: Worlds Within"
      Supports the presentation and public programming for major exhibitions such as "Toshiko Takaezu: Worlds Within" at the Museum of Fine Arts - Houston.
    • Funding public art commissions, including "Improvisations in the Park" by Larry Bell
      Finances public art installations such as the 2025 commission "Improvisations in the Park" by artist Larry Bell at Madison Square Park Conservancy.
  • Design and Architecture Education Support 1 activity
    • Funding leadership development for BIPOC professionals in the visual arts
      Supports the Aspen Institute’s 2024 DEAI Leadership Annual Appeal to advance the next generation of BIPOC leaders in the visual arts field.
  • Arts Education Scholarships 1 activity
    • Funding scholarship endowment and hurricane recovery efforts at Penland School of Crafts
      Supports a scholarship endowment and restricted revenue at Penland School of Crafts, including funds designated for recovery efforts related to Hurricane Helene.
  • Historic Preservation Support Grants 1 activity
    • Funding transcription and documentation of the Summer Conference at Haystack Mountain School of Crafts
      Provides financial support for the transcription and archival documentation of the Summer Conference at Haystack Mountain School of Crafts, preserving educational and artistic content from the event.
  • Uncategorized 1 activity
    • Donating significant artworks to major museums
      Contributes high-value artworks to prominent institutions through donations and bargain sales, including "Udjat" and "The Bride" by Lenore Tawney to the Toledo Museum of Art and The Metropolitan Museum of Art, with contributed portions exceeding $150,000.
financials · form 990PF · fy2024
revenue
Total revenue$1.46M
Contributions & grants
Program service revenue
Investment income$127K9%
Other revenue$1.33M
expenses
Total expenses$478K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$175K
Grants paid out$671K
balance sheet
Total assets$8.37M
Cash
Investments
Liabilities
Net assets$8.37M
5 years on record · 2020–2024 · YoY revenue +89.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
Kathleen Mangan Exec Dir/Secy 40 $200K
relationships · 11

Who they work with

  • ArtTable Inc Partner — Funded for its Summer Fellowship in the Visual Arts Profession program.
  • Aspen Institute Partner — Funded for the 2024 DEAI Leadership Annual Appeal supporting next-generation BIPOC leaders in the visual arts.
  • CERF Partner — Funded for emergency relief assistance to artists in need.
  • Haystack Mountain School of Crafts Partner — Funded for transcription and documentation of the Summer Conference.
  • Madison Square Park Conservancy Partner — Funded for the 2025 public art commission by Larry Bell.
  • Museum of Fine Arts - Houston Partner — Funded for presentation and programming of "Toshiko Takaezu: Worlds Within".
  • Ox-Bow School of Art Artists Reside Partner — Funded to support scholarships for women identifying artists in the 2025 Longform residency program.
  • Penland School of Crafts Partner — Funded for scholarship endowment and Hurricane Helene-related revenue support.
  • Surface Design Association Partner — Funded for its 2025–2027 Artist in Residence Program.
  • The Metropolitan Museum of Art Partner — Received contributions of value from bargain sales of two artworks by Lenore Tawney.
  • Toledo Museum of Art Partner — Recipient of gifted artwork "Udjat" by Lenore Tawney.