SOLOMON R GUGGENHEIM FOUNDATION Charity Report

Public IRS 990 nonprofit record

SOLOMON R GUGGENHEIM FOUNDATION

EIN 13-5562233 · Arts, Culture & Humanities (A510)

What they do

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

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $66.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

63.92%of revenue went to mission work66.4% of expenses · Program services

6.95%of revenue went to fundraising7.2% of expenses

$96.24spent for every $100 of revenueRevenue covered expenses this year.

25.37%of revenue went to management and office costs26.4% of expenses

$2.71in assets for every $1 spent this yearSome assets cannot be spent right away.

45.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $946,303 for MARTINE WESTERMANN (DIRECTOR/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$88,200,362

Mission workProgram services$56,376,13863.92% of revenue66.4% of expenses

ManagementOffice and general costs$22,373,41025.37% of revenue26.4% of expenses

FundraisingAsking for donations$6,132,9906.95% of revenue7.2% of expenses

Revenue left after expensesReported annual surplus$3,317,8243.76% of revenueShown in gray on the chart

Total expenses$84,882,53896.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 66.4% mission · 26.4% management · 7.2% fundraisingTotal expenses: 96.24% of revenue

2023Expense mix: 65.1% mission · 28.6% management · 6.3% fundraisingTotal expenses: 100.52% of revenue

2022Expense mix: 64.3% mission · 28.7% management · 6.9% fundraisingTotal expenses: 93.71% of revenue

2021Expense mix: 65.9% mission · 26.4% management · 7.7% fundraisingTotal expenses: 84.79% of revenue

2020Expense mix: 63.9% mission · 28.7% management · 7.5% fundraisingTotal expenses: 115.97% of revenue

2019Expense mix: 68.8% mission · 23.6% management · 7.6% fundraisingTotal expenses: 84.05% of revenue

2018Expense mix: 73.4% mission · 19.6% management · 7.0% fundraisingTotal expenses: 96.60% of revenue

2017Expense mix: 69.6% mission · 24.2% management · 6.2% fundraisingTotal expenses: 119.71% of revenue

Money in and money out

Revenue$88,200,362

Expenses$84,882,538

Annual surplus $3,317,824 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,376,138 · 66.4% of expenses

Management and office costs$22,373,410 · 26.4% of expenses

Fundraising$6,132,990 · 7.2% of expenses

See all reported dollar amounts

Revenue$88,200,362

Expenses$84,882,538

Assets$230,239,605

Income$184,275,162

Contributions$40,080,599

Mission work (program services)$56,376,138

Fundraising$6,132,990

Management and general$22,373,410

Stocks and bonds$127,812,564

Accounting fees$101,896

Investing fees$160,355

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARTINE WESTERMANNDIRECTOR/CEO · 40 hrs/week $946,303Base $663,303 · Other $283,000

RICHARD ARMSTRONGDIRECTOR EMERITUS $737,425

MARTHA WITHINGTONDEP DIR, CFO AND INTERIM COO · 40 hrs/week $533,337Base $472,656 · Other $60,681

SARAH G AUSTRIANDEP DIR, GEN COUNSEL & SEC. · 40 hrs/week $514,625Base $472,290 · Other $42,335

NAOMI BECKWITHDEP DIR & STOCKMAN CHIEF CURATOR · 40 hrs/week $458,337Base $412,922 · Other $45,415

KAROLE VAILDIR, PEGGY GUGGENHEIM COLLECTION · 40 hrs/week $349,134Base $243,531 · Other $105,603

CYRA LEVENSONDEP DIR&ENGELBERG DIR EDUC&PUB ENG · 40 hrs/week $296,515Base $246,337 · Other $50,178

TY WOODFOLK - DEP DIRCHIEFCULTURE & INCL. OFFICER (THRU 08/24) · 40 hrs/week $279,706Base $262,818 · Other $16,888

RONNI WEINSTEINASSOCIATE GENERAL COUNSEL · 40 hrs/week $252,223Base $222,574 · Other $29,649

COLETTE CHESTNUTCONTROLLER · 40 hrs/week $246,308Base $222,282 · Other $24,026

PATRICIA A JEFFERSDEP DIR/CHIEF HR OFFICER(THRU 08/24) · 40 hrs/week $221,411Base $203,261 · Other $18,150

DANA WALLACH JONESASST GEN COUNSEL/ASST SECRETARY · 24 hrs/week $127,726Base $121,644 · Other $6,082

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

MARTINE WESTERMANNDIRECTOR/CEO

RICHARD ARMSTRONGDIRECTOR EMERITUS

MARTHA WITHINGTONDEP DIR, CFO AND INTERIM COO

SARAH G AUSTRIANDEP DIR, GEN COUNSEL & SEC.

NAOMI BECKWITHDEP DIR & STOCKMAN CHIEF CURATOR

KAROLE VAILDIR, PEGGY GUGGENHEIM COLLECTION

CYRA LEVENSONDEP DIR&ENGELBERG DIR EDUC&PUB ENG

TY WOODFOLK - DEP DIRCHIEFCULTURE & INCL. OFFICER (THRU 08/24)

RONNI WEINSTEINASSOCIATE GENERAL COUNSEL

COLETTE CHESTNUTCONTROLLER

PATRICIA A JEFFERSDEP DIR/CHIEF HR OFFICER(THRU 08/24)

DANA WALLACH JONESASST GEN COUNSEL/ASST SECRETARY

SAMIRA SINETRUSTEE (AS OF 12/24)

MITCHELL MORGANTRUSTEE

PAUL CRONSONTRUSTEE

PETER LAWSON-JOHNSTONTRUSTEE/HONORARY CHAIR

PETER LAWSON-JOHNSTON IITRUSTEE

LISA BAKERTRUSTEE

STEPHEN ROBERTTRUSTEE/TREASURER

THOMAS R ELLISTRUSTEE/VICE-PRESIDENT

WENDY FISHERTRUSTEE/PRESIDENT

WENDY L-J MCNEILTRUSTEE/VICE-PRESIDENT

WILLIAM L MACKTRUSTEE/CHAIR EMERITUS

MARK R WALTERTRUSTEE

ABIGAIL WILLIAMS BARATTATRUSTEE

JON IMANOL AZUATRUSTEE

J TOMILSON HILLTRUSTEE/CHAIR

HARVEY M SCHWARTZTRUSTEE

GAIL MAY ENGELBERGTRUSTEE

FRANK YUTRUSTEE

FRANCESCA LAVAZZATRUSTEE

DIMITRIS DASKALOPOULOSTRUSTEE/VICE-PRESIDENT (THRU 09/24)

DANIEL SALLICKTRUSTEE (AS OF 12/24)

CLAUDIA RANKINETRUSTEE

CINDY CHUA-TAYTRUSTEE

CHARLES M DIKERTRUSTEE/VICE-PRESIDENT

BRIAN ROBINSONTRUSTEE

BARBARA SLIFKATRUSTEE

ANDREW GUNDLACHTRUSTEE

About this charity

Recognized since: January 1938
Location: 1071 FIFTH AVENUE, NEW YORK, NY 10128
County: New York
In care of: MARTINE WESTERMANN
Primary officer: MARTINE WESTERMANN, DIRECTOR AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(212) 360-4216

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Arts, Culture & Humanities (A510)