named programs · 2 · from sources
What they call their work
Art Donation Program
Non-cash donation of artworks to major museums for exhibition and cultural access
Cy Twombly Award for Poetry
Annual award supporting poets, administered through the Foundation for Contemporary Arts
activities · 3 groups
What they do
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Art Museum Funding and Support 1 activity
- Funding exhibition support through non-cash donations of art to museumsFunds exhibition support by making non-cash donations of artwork to museums, enabling public display and cultural access.
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General Operating Support Grants 1 activity
- Funding general support grants to arts and social service organizationsAwards general support grants to nonprofit organizations in the arts and social services sectors, providing flexible funding for operational needs.
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Artist Support Grants 1 activity
- Funding the Cy Twombly Award for Poetry via grants to the Foundation for Contemporary ArtsProvides financial support for the Cy Twombly Award for Poetry by awarding grants to the Foundation for Contemporary Arts, which administers the award.
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financials · form 990PF · fy2024
revenue
Total revenue$6.26M
Contributions & grants——
Program service revenue——
Investment income$4.52M72%
Other revenue$1.72M
expenses
Total expenses$5.65M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$457K
Grants paid out$4.00M
balance sheet
Total assets$1.51B
Cash—
Investments—
Liabilities—
Net assets$1.51B
3 years on record · 2020–2024 · YoY revenue -72.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| NICOLA DEL ROSCIO | PRESIDENT | 40 | $213K |
| ELEONORA DI ERASMO | MNG DIRECTOR/SECRETARY (AS OF 2/2024) | 20 | $112K |
| NICHOLAS SEROTA | DIRECTOR | 5 | $65K |
| JONAS STORSVE | DIRECTOR | 5 | $50K |
| CRISTIAN GRASU | DIRECTOR (AS OF 6/2024) | 5 | $28K |
board members · 3
- PAUL WINKLER — DIRECTOR (TO 1/2024)
- SANDRA MARIONPOULOU — DIRECTOR (AS OF 6/2024)
- UDO BRANDHORST — DIRECTOR (TO 6/2024)
relationships · 7
Who they work with
- ART INSTITUTE OF CHICAGO Partner — Receives non-cash donations of art for exhibition support.
- DRAWING CENTER INC Partner — Receives general support grants.
- FONDAZIONE NICOLA DEL ROSCIO Partner — Receives general support grants under expenditure responsibility.
- FOUNDATION FOR CONTEMPORARY ARTS INC Partner — Administers the Cy Twombly Award for Poetry with funding from the foundation.
- MUSEUM OF FINE ARTS BOSTON Partner — Receives non-cash donations of art for exhibition support and general support.
- SAFE HORIZON INC Partner — Receives general support grants.
- WHITNEY MUSEUM OF AMERICAN ART Partner — Receives general support grants.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Art Donation for Public Access 25 orgsmethodology: art-donation-for-exhibitionBy donating artworks to institutions for public exhibition, the foundation increases access to and appreciation of Cy Twombly's work, because public visibility fosters broader cultural engagement and understanding of his artistic legacy.shared approach: Cultural Preservation Through Institutional Support →
- Legacy Extension Through Literary Awards 25 orgsmethodology: legacy-award-in-literary-artsBy supporting the poetic arts via a dedicated award, the foundation extends Cy Twombly's legacy into literary expression, because connecting visual art with literary creativity reinforces interdisciplinary cultural impact.shared approach: Cultural Preservation Through Institutional Support →