2020-11-09T07:47:20-06:00 2019-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2019-01-01 135562233 Solomon R Guggenheim Foundation % SUSANNAH NAYLOR SOLO 2124233602 1071 Fifth Avenue New York NY 10128 MARTHA WITHINGTON cfo 2124233602 2020-11-08 true Daniel Romano P00504182 2125990100 71.232.176.125 26377520203145000000 2020-11-09 P F8E25777DF00157D73DA55E6CE52E42E1968B2B6 5DD164D12C4B5AEBF7492BFAAB041543090A5CCF 2019 2021-01-29 14:40:06Z Richard D Armstrong 1071 Fifth Avenue New York NY 10128 111951941 false X www.guggenheim.org X 1937 NY COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART, (CONTINUED ON SCHEDULE O) 26 25 613 100 1195673 17200 41588253 31680309 27523844 31033652 1714099 2986264 6351001 18919850 77177197 84620075 0 0 0 0 35766419 34373795 404998 311602 5439124 38382998 36440485 74554415 71125882 2622782 13494193 166863549 211321255 75139965 96633690 91723584 114687565 X COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION (THE "FOUNDATION") COLLECTS, PRESERVES, AND INTERPRETS MODERN AND CONTEMPORARY ART, (CONTINUED ON SCHEDULE O) false false 13951356 0 0 IN FURTHERANCE OF ITS MISSION, THE FOUNDATION COLLECTS AND PRESERVES ART FOR THE BENEFIT OF THE PUBLIC. THE CURATORIAL STAFF STUDIES THE ART IN THE FOUNDATION'S COLLECTION, PLANS INTERNATIONAL EXHIBITIONS FOR PUBLIC VIEWING, AND PREPARES AND PUBLISHES SCHOLARLY CATALOGUES AND EDUCATIONAL TEXTS. THE FOUNDATION ALSO LENDS MANY OF THE WORKS OF ART IN ITS COLLECTION TO OTHER MUSEUMS ON THE OCCASION OF EXHIBITIONS THAT ARE OF SCHOLARLY MERIT OR THAT WILL BROADEN THE PUBLIC'S APPRECIATION OF ART. (CONTINUED ON SCHEDULE O) 11159837 0 8406287 EXHIBITIONS PRESENTED IN 2019 AT THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK ("GUGGENHEIM MUSEUM") INCLUDED: HILMA AF KLINT: PAINTINGS FOR THE FUTURE (OCTOBER 12, 2018 APRIL 23, 2019); RH QUAYTMAN: +X (OCTOBER 12, 2018 APRIL 23, 2019); BRANCUSI ( MARCH 17, 2017 PRESENT); THANNHAUSER COLLECTION (FEBRUARY 1, 2019 PRESENT); IMPLICIT TENSIONS: MAPPLETHORPE NOW (JANUARY 25, 2019 JANUARY 5, 2020); LEARNING THROUGH ART (APRIL 26, 2019 JANUARY 5, 2020); (CONTINUED ON SCHEDULE O) 6674092 0 21889261 DURING 2019, The FOUNDATION DIRECTLY OPERATED TWO MUSEUMS: THE SOLOMON R. GUGGENHEIM MUSEUM IN NEW YORK AND THE PEGGY GUGGENHEIM COLLECTION IN VENICE. BOTH OF THESE MUSEUMS ARE OPEN TO THE PUBLIC TO FULFILL THE FOUNDATION'S MISSION. THE FOUNDATION CONDUCTS TOURS OF ITS EXHIBITIONS, AND PROVIDES EDUCATIONAL TEXTS FREE OF CHARGE TO ALL MUSEUM VISITORS. DURING 2019, THE GUGGENHEIM MUSEUM WAS OPEN TO THE PUBLIC ONE EVENING OF EACH WEEK ON A PAY-WHAT-YOU-WISH BASIS. IN ADDITION, STUDENTS AND SENIOR CITIZENS ARE OFFERED REDUCED-PRICE TICKETS AND CHILDREN UNDER THE AGE OF 12 ARE ADMITTED FREE OF CHARGE. (2019 COMBINED ATTENDANCE AT THE GUGGENHEIM MUSEUM AND PGC WAS 1,517,038). 4472061 0 738104 EDUCATION 12646590 0 0 Publications, Website, Products and Retail Ops 17118651 0 738104 48903936 true true false false false false false true false true true true false true true true true false false true true false false true true false false false false true false false false false false false false false true true false false false true true false false false true X 235 0 true 613 true true true true BD CA CJ EI IT LU UK VI UC false false false true true false false false false false false X 26 25 true false true false false false false true true false true true true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X SUSANNAH NAYLOR 2124233602 1071 FIFTH AVENUE New York NY 10128 Richard Armstrong TRUSTEE/DIR. OF MUSEUM & FDTN. 40.0 0.0 X X 828001 0 245990 Elizabeth Duggal Taghi Senior Deputy Director & COO 40.0 0.0 X 395920 0 392 Sarah G Austrian DEP DIR, GEN COUNSEL & SEC. 40.0 0.0 X 372422 0 21387 Karole Vail Dir, Peggy Guggenheim Coll. 40.0 0.0 X 248997 0 105664 NANCY SPECTOR ARTISTI STOCKMAN CURATOR 40.0 0.0 X 290000 0 29799 Martha Withington CFO 40.0 0.0 X 278519 0 16981 Mary Ann Talotta SR. DIR., IND. DEV. & CAMPAIGN 40.0 0.0 X 208637 0 17766 CAROL STRINGARI DEPUTY DIRECTOR & CHIEF CONS. 40.0 0.0 X 191760 0 16534 Juan Ignacio Vidarte DEP. DIR & CO FOR GLOBAL STRAT 20.0 0.0 X 198349 0 5950 sarah eaton dir. media & public rel. 40.0 0.0 X 177404 0 25699 marianna horton mermin senior associate counsel 40.0 0.0 X 180739 0 10333 Dana Wallach Jones as Asst Gen Cou/Asst Secretary 24.0 0.0 X 104565 0 3137 Jon Imanol Azua Trustee 3.0 0.0 X 0 0 0 robert c baker trustee/treasurer/vp 3.0 0.0 X X 0 0 0 John Calicchio trustee/vice-president 3.0 0.0 X X 0 0 0 cindy chua-tay trustee 3.0 0.0 X 0 0 0 Paul Cronson Trustee 3.0 0.0 X 0 0 0 DIMITRIS DASKALOPOULOS TRUSTEE/VICE-PRESIDENT 3.0 0.0 X X 0 0 0 CHARLES M DIKER TRUSTEE/VICE-PRESIDENT 3.0 0.0 X X 0 0 0 Carl Gustaf Ehrnrooth Trustee 3.0 0.0 X 0 0 0 Gail May Engelberg Trustee 3.0 0.0 X 0 0 0 WENDY FISHER TRUSTEE/PRESIDENT 8.0 0.0 X X 0 0 0 J Tomilson Hill Trustee (as of 05/2019) 3.0 0.0 X 0 0 0 Elliot S Jaffe Trustee (thru 02/2019) 3.0 0.0 X 0 0 0 Rashid Johnson Trustee 3.0 0.0 X 0 0 0 Francesca Lavazza Trustee 3.0 0.0 X 0 0 0 PETER LAWSON-JOHNSTON TRUSTEE/Honorary Chair 3.0 0.0 X X 0 0 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Tipocolor VIA GUIDO GUINIZELLI 20 CALENZANO FL IT 50041 printing 379950 25 4883560 2477826 564785 23754138 575554 31680309 ADMISSION INCOME 712110 22693734 22693734 0 0 EXHIBITIONS 712110 4316019 4316019 0 0 MUSEUM AND PROGRAM COLLABORATIONS 712110 4023899 4023899 0 0 31033652 1263638 1263638 0 1854126 82034 1772092 16369 16369 0 16369 16369 22952774 21230148 1722626 1722626 1722626 822373 2477826 2044049 -1221676 -1221676 0 0 0 9880936 4057669 5823267 1095260 4728007 ART SALE PROCEEDS 900099 11579127 0 0 11579127 RESTAURANT INCOME 900099 454268 0 18379 435889 CORPORATE EVENTS 900099 406500 0 0 406500 7869 0 7869 12447764 84620075 31033652 1195673 20710441 X 0 0 0 0 2941774 855126 1530495 556153 0 24747456 18353346 4396688 1997422 522774 362657 111905 48212 4322659 2998699 925313 398647 1839132 1275836 393686 169610 777507 393719 383788 627001 213394 413607 413120 3215 409905 0 311602 311602 1515668 1515668 3851409 2494597 1078930 277882 1313387 875584 420316 17487 1442261 933785 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73805871 137988 4057669 4195657 69610214 1515668 1515668 71125882 FORM 990, PART XIII SCHEDULE D, PART III, LINE 1 IN ACCORDANCE WITH INDUSTRY PRACTICE, ART OBJECTS PURCHASED, DONATED AND BEQUEATHED ARE INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AT A VALUE OF $1. CONTRIBUTIONS FOR THE PURCHASE OF COLLECTION ITEMS, NET ASSETS RELEASED FROM RESTRICTIONS TO PURCHASE COLLECTION ITEMS, THE COST OF ALL COLLECTION ITEMS PURCHASED AND THE PROCEEDS FROM DEACCESSIONED AND NON-ACCESSIONED ART ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES. SCHEDULE D, PART III, LINE 4 THE FOUNDATION'S PERMANENT COLLECTION IS AT THE HEART OF THE FOUNDATION'S IDENTITY. THIS COLLECTION WAS FORMED IN LARGE PART THROUGH THE ACQUISITION OF NOTABLE PRIVATE COLLECTIONS. AUGMENTED THROUGH NUMEROUS ACQUISITIONS UNDER THE LEADERSHIP OF THE FOUNDATION'S DIRECTORS AND CURATORS, AND WITH THE SUPPORT OF THE FOUNDATION'S ACQUISITION GROUPS, THESE COLLECTIONS FORM A UNIQUE GLOBAL COLLECTION THAT REFLECTS THE RICH TRAJECTORY OF ART FROM THE LATE 19TH CENTURY THROUGH THE PRESENT. SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR EDUCATIONAL PROGRAMS, IN SUPPORT OF CURATORIAL CHAIRS, ART PURCHASES, PUBLICATIONS, EXHIBITIONS, PGC'S INTERNSHIP PROGRAM, CONSERVATION OF ART AND COLLECTION CARE, a CONSERVATION FELLOWSHIP, AND GENERAL SUPPORT OF THE FOUNDATION'S OPERATIONS. SCHEDULE D, PART X, LINE 2 THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE FOUNDATION ARE TAX DEDUCTIBLE TO CONTRIBUTORS, TO THE EXTENT PROVIDED BY LAW. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON SALES OF CERTAIN MERCHANDISE AND ACTIVITIES. THE FOUNDATION'S ITALIAN OPERATIONS ARE ALSO SUBJECT TO ITALIAN TAX. THE FOUNDATION IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740-10-05, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE FOUNDATION'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740-10-05 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D Foreign Currency Translation $(99,448) SCHEDULE D, PART XI, LINE 4B Cost of Goods Sold $(4,057,669) SCHEDULE D, PART XII, LINE 2D Cost of Goods Sold $4,057,669 East Asia and the Pacific Program Services ART PURCHASE 1570000 Europe (Including Iceland and Greenland) 1 40 Program Services Peggy Guggenheim Colle 2920000 Middle East and North Africa Program Services Guggenheim Abu Dhabi 374000 North America Program Services ART PURCHASE 127000 Russia and the Newly Independent States Program Services CONSERVATION TRAVEL 7000 South America Program Services Traveling Exhibitions 213000 South Asia Program Services ATTENDANCE AT SEMINAR 23000 Central America and the Caribbean Investments 50556000 Europe (Including Iceland and Greenland) Investments 29220000 North America Investments 10076000 1 40 1 40 95086000 95086000 true true false false false true Schedule F, Part I, Line 3 Program Service Activity in North America FOREIGN EXPENDITURES IN NORTH AMERICA WERE INCURRED FOR VARIOUS PROGRAM SERVICES INCLUDING INVENTORY PURCHASES, SALARY FOR AN EXHIBITION CONSULTANT, AND SHIPPING AND CRATING FOR TRAVELING EXHIBITIONS. X X X X X X true COMMUNITY COUNSELLING Service Co LL Fundraising Consulting false 4493801 311602 4182199 4493801 311602 4182199 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI FALL INT'L GALA 2072894 1993565 79329 1201529 YEAR W/CHILD 281804 268698 13106 48390 1 945501 215563 729938 794130 3300199 2477826 822373 2044049 2044049 -1221676 X false true X X X X X false true false false false false false false false Richard Armstrong TRUSTEE/DIR. OF MUSEUM & FDTN. 828001 0 0 0 0 0 234605 0 11385 0 1073991 0 0 0 Elizabeth Duggal Taghipour Senior Deputy Director & COO 395920 0 0 0 0 0 0 0 392 0 396312 0 0 0 Sarah G Austrian DEP DIR, GEN COUNSEL & SEC. 372422 0 0 0 0 0 15400 0 5987 0 393809 0 0 0 Martha Withington CFO 278519 0 0 0 0 0 0 0 16981 0 295500 0 0 0 Karole Vail Dir, Peggy Guggenheim Coll. 248997 0 0 0 0 0 18003 0 87661 0 354661 0 0 0 NANCY SPECTOR ARTISTIC DIR STOCKMAN CURATOR 290000 0 0 0 0 0 12750 0 17049 0 319799 0 0 0 Juan Ignacio Vidarte DEP. DIR & CO FOR GLOBAL STRAT 198349 0 0 0 0 0 5950 0 0 0 204299 0 0 0 Mary Ann Talotta SR. DIR., IND. DEV. & CAMPAIGN 208637 0 0 0 0 0 11475 0 6291 0 226403 0 0 0 CAROL STRINGARI DEPUTY DIRECTOR & CHIEF CONS. 191760 0 0 0 0 0 10547 0 5987 0 208294 0 0 0 sarah eaton dir. media & public rel. 177404 0 0 0 0 0 9757 0 15942 0 203103 0 0 0 marianna horton mermin senior associate counsel 180739 0 0 0 0 0 9941 0 392 0 191072 0 0 0 SCHEDULE J, PART I, LINE 1A (a) The Foundation provided one first-class round-trip domestic flight for the Director when there was no business class. SCHEDULE J, PART I, LINE 1B (B) In 2019, the Foundations written expense report and reimbursement policy permitted the Director to travel by first class if the upgrade to first class came at no cost to the Foundation. All first-class travel by the Director complied with this policy except one round-trip domestic flight when there was no business class. NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B THE DIRECTOR OF THE MUSEUM AND FOUNDATION PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. AN ACCRUAL FOR FUTURE PAYMENTS HAS BEEN MADE AND IS REFLECTED ABOVE. X 22 0 N/A X 16 444947 FMV X Restaurant improvement 1 130607 COST false true true SCHEDULE M, PART I, LINE 32B THE FOUNDATION ENGAGES THIRD PARTIES TO SELL DEACCESSIONED WORKS OF ART AND WORKS OF ART THAT HAVE NOT BEEN ACCESSIONED. SCHEDULE M, PART I, LINE 33 IN ACCORDANCE WITH INDUSTRY PRACTICE, ART OBJECTS PURCHASED, DONATED AND BEQUEATHED ARE INCLUDED IN PERMANENTLY RESTRICTED NET ASSETS AT A VALUE OF $1. CONTRIBUTIONS FOR THE PURCHASE OF COLLECTION ITEMS, NET ASSETS RELEASED FROM RESTRICTIONS TO PURCHASE COLLECTION ITEMS, THE COST OF ALL ART PURCHASED AND THE PROCEEDS FROM THE SALE OF ART ARE REPORTED AS CHANGES IN NET ASSETS RELATED TO COLLECTION ITEMS PURCHASED AND SOLD IN THE STATEMENT OF ACTIVITIES. SCHEDULE M, COLUMN B THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 1 & Part III, Line 1 Mission Statement (Continued) AND EXPLORES IDEAS ACROSS CULTURES 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. FORM 990, PART III, LINE 4A (CONTINUED) THE FOUNDATION MAINTAINS EXTENSIVE CLIMATE-CONTROLLED, HIGHLY SECURE STORAGE FACILITIES FOR THE ART IN ITS COLLECTION. IT ALSO OPERATES A PHOTOGRAPHY STUDIO FOR THE DOCUMENTATION OF ART AND ARCHIVES TO STORE PHOTOGRAPHS OF ART AND MAKE THEM AVAILABLE TO THE PUBLIC FOR PUBLICATION OR STUDY. 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. THE FOUNDATION ACQUIRED MAJOR CONTEMPORARY PAINTINGS BY CHANTAL JOFFE, AD MINOLITI, R.H. QUAYTMAN, AND RIRKRIT TIRAVANIJA, AND SIGNIFICANT PAINTINGS FROM THE 1960S-80S BY RICHARD ARTSCHWAGER, JEAN DUBUFFET, JORGE EIELSON, ANNA BELLA GEIGER, SHIRAGA KAZUO, AND SHOZO SHIMAMOTO. THE FOUNDATION ALSO ACQUIRED MIXED MEDIA WORKS BY TAREK ATOUI, PIA CAMIL, FELICIANO CENTURION, SARA GREENBERGER RAFFERTY, LYLE ASHTON HARRIS, AND SARAH SZE, AS WELL AS SCULPTURES BY CHRYSSA, CHEN ZHEN, KAPWANI KIWANGA, SIMONE LEIGH, MARIELA SCAFATI, AND DANH VO. THE FOUNDATION ACQUIRED FILM AND VIDEO WORKS BY MERIEM BENANNI, CHIM-POM, CARLOS MARTIEL, KENNETH TAM, AND GILLIAN WEARING, AS WELL AS PHOTOGRAPHS BY DAWOUD BEY, JOHN EDMONDS, GAURI GILL, HERVE GUIBERT, MONA HATOUM, ZANELE MUHOLI, SENGA NENGUDI, LOTTY ROSENFELD, HANS ROSENSTROM, AND NAAMA TSABAR. THE FOUNDATION ALSO ACQUIRED WORKS ON PAPER BY POL BURY, RICHARD HAMILTON, MONA HATOUM, ZOE LEONARD, FRIDA ORUPABO, AND BETO SHWAFATY. THE TOTAL NUMBER OF WORKS ACQUIRED BY THE FOUNDATION IN 2019 WAS 68. FORM 990, PART III, LINE 4B (CONTINUED) THE HUGO BOSS PRIZE 2018: SIMONE LEIGH, LOOPHOLE OF RETREAT (APRIL 19, 2019 OCTOBER 27, 2019); ARTISTIC LICENSE: SIX TAKES ON THE GUGGENHEIM COLLECTION (MAY 24, 2019 - JANUARY 12, 2020); BASQUIAT'S "DEFACEMENT": THE UNTOLD STORY (JUNE 21 NOVEMBER 6, 2019); MARKING TIME: PROCESS IN MINIMAL ABSTRACTION (DECEMBER 18, 2019 PRESENT); and THE FULLNESS OF COLOR: 1960s PAINTING (DECEMBER 18, 2019 PRESENT). EXHIBITIONS PRESENTED IN 2019 AT THE PEGGY GUGGENHEIM COLLECTION IN VENICE INCLUDED: OSVALDO LICINI: LET SHEER FOLLY SWEEP ME AWAY (SEPTEMBER 22, 2018 JANUARY 14, 2019); 1948: THE BIENNALE OF PEGGY GUGGENHEIM (MARCH 25, 2018 JANUARY 14, 2019); THE NATURE OF ARP (APRIL 13 SEPTEMBER 2, 2019); and PEGGY GUGGENHEIM. THE LAST DOGARESSA (SEPTEMBER 21, 2019 JANUARY 27, 2020). SELECTIONS FROM THE PEGGY GUGGENHEIM COLLECTION AND THE HANNELORE B. AND RUDOLPH B. SCHULHOF COLLECTION WERE ALSO ON VIEW. ADDITIONALLY, WORKS ARE EXHBITED IN THE NASHER SCULPTURE GARDEN. ALSO, THE PEGGY GUGGENHEIM COLLECTION HOSTED THE U.S. PAVILION FOR THE ARCHITECTURE BIENNALE (MAY 11 NOVEMBER 24, 2019). EXHIBITIONS PRESENTED IN 2019 AT THE GUGGENHEIM MUSEUM BILBAO INCLUDED: DIANA THATER: A RUNAWAY WORLD (NOVEMBER 29, 2018 MARCH 3, 2019); ARCHITECTURE EFFECTS (DECEMBER 5, 2018 APRIL 28, 2019); ALBERTO GIACOMETTI: A RETROSPECTIVE (OCTOBER 19, 2018 FEBRUARY 24, 2019); ALLORA & CALZADILLA: THE TROPICAL PHARMACY (MARCH 15 JUNE 23, 2019); JENNY HOLZER: THING INDESCRIBABLE (MARCH 22 SEPTEMBER 9, 2019); A BACKWARD GLANCE: GIORGIO MORANDI AND THE OLD MASTERS (APRIL 12 OCTOBER 6, 2019); LUCIO FONTANA: ON THE THRESHOLD (MAY 17 SEPTEMBER 29, 2019); GERHARD RICHTER: SEASCAPES (MAY 23 SEPTEMBER 9, 2019); JESPER JUST: THIS NAMELESS SPECTACLE (JULY 4 OCTOBER 20, 2019); THOMAS STRUTH (OCTOBER 2, 2019 JANUARY 19, 2020); SOTO. THE FOURTH DIMENSION (OCTOBER 18, 2019 FEBRUARY 9, 2020); MASTERPIECES OF THE KUNSTHALLE BREMEN: FROM DELACROIX TO BECKMANN (OCTOBER 25, 2019 FEBRUARY 16, 2020); and JESSE JONES: TREMBLE TREMBLE (OCTOBER 31, 2019 MARCH 1, 2020). ADDITIONALLY SELECTIONS FROM THE GUGGENHEIM MUSEUM BILBAO WERE ALSO ON VIEW. ORGANIZED BY THE FOUNDATION, SELECTIONS FROM THE THANNHAUSER COLLECTION WERE PRESENTED AT THE GUGGENHEIM MUSEUM BILBAO (SEPTEMBER 21, 2018 MARCH 24, 2019), THE HTEL DE CAUMONT, AIX-EN-PROVENCE (MAY 1 SEPTEMBER 29, 2019), AND THE PALAZZO REALE, MILAN (OCTOBER 17, 2019 MARCH 1, 2020). ART AND CHINA AFTER 1989: THEATER OF THE WORLD WAS PRESENTED AT THE SAN FRANCISCO MUSEUM OF MODERN ART (NOVEMBER 10, 2018 FEBRUARY 24, 2019). AND JOSEF ALBERS IN MEXICO WAS PRESENTED AT THE HEARD MUSEUM (FEBRUARY 1 MAY 27, 2019). FORM 990, PART III, LINE 4D (1) DISSEMINATING CURRENT SCHOLARSHIP AND PROMOTING LEARNING ARE THE PRIMARY GOALS OF THE MANY EXHIBITION AND COLLECTION CATALOGUES PRODUCED BY THE FOUNDATION. PUBLICATIONS PRESENT SCHOLARLY AND INSTRUCTIVE ART HISTORICAL INFORMATION IN THE FORM OF ESSAYS THAT CONTEXTUALIZE ART WITHIN LARGER MOVEMENTS OR DISCIPLINES; IN-DEPTH DISCUSSIONS OF INDIVIDUAL ARTWORKS; INTERVIEWS WITH ARTISTS; AS WELL AS UP-TO-DATE REFERENCE TOOLS SUCH AS BIBLIOGRAPHIES, BIOGRAPHIES, CHRONOLOGIES, AND EXHIBITION HISTORIES. PUBLICATIONS IN 2019 INCLUDED GUGGENHEIM MUSEUM COLLECTION A TO Z (4TH EDITION), BASQUIAT'S "DEFACEMENT": THE UNTOLD STORY; AND REPRINTS OF HILMA AF KLINT: PAINTINGS FOR THE FUTURE AND JOSEF ALBERS IN MEXICO. (2) SIGNIFICANT EXHIBITION, COLLECTIONS, EDUCATION, AUDIO, VIDEO, AND CATALOGUES ARCHIVES CONTENT IS AVAILABLE TO THE PUBLIC, FREE OF CHARGE, ON GUGGENHEIM.ORG, INCLUDING APPROXIMATELY 1,700 ARTWORKS BY MORE THAN 625 ARTISTS IN THE COLLECTION ONLINE. IN 2019 THE FOUNDATION PUBLISHED, ON A VARIETY OF TOPICS, 17 VIDEOS AND 32 AUDIO TRACKS, BRINGING THE TOTAL VIDEOS AVAILABLE ON THE SITE TO MORE THAN 420 AND AUDIO TRACKS TO MORE THAN 1,000. ALSO IN 2019, THE FOUNDATION PUBLISHED 16 BLOG POSTS THAT PROVIDE INSIGHTS INTO EXHIBITIONS, CONTEMPORARY ART, GLOBAL CULTURE, AND MUSEUM ARCHIVES AND HISTORY, BRINGING THE TOTAL NUMBER AVAILABLE ONLINE TO MORE THAN 1,020. IN 2019, GUGGENHEIM.ORG HAD APPROXIMATELY 6,778,000 USER SESSIONS, 4,770,000 USERS AND 14,478,000 PAGE VIEWS. IN 2019, THE FOUNDTATION LAUNCHED A NEW DIGITAL GUIDE AS PART OF THE BLOOMBERG CONNECTS APP, PROVIDING VISITORS WITH ACCESSIBLE INFORMATION, BUILDING GUIDES, COLLECTION RESOURCES, AND SPECIAL EXHIBITION CONTENT. IN LATE 2019, THE BLOOMBERG CONNECTS APP WAS MADE AVAILABLE FOR DOWNLOAD ON THE APPLE APP AND GOOGLE PLAY STORES. THE DIGITAL GUIDE WAS ALSO AVAILABLE ON FREE "RENTAL" DEVICES TO VISITORS TO THE GUGGENHEIM MUSEUM FROM FEBRUARY 2019 THROUGH THE END OF THE YEAR. THIS MULTIFACETED TECHNOLOGY HAS SUPPORTED DEEP ENGAGEMENT FOR DIVERSE AUDIENCES WITH THE MODERN AND CONTEMPORARY ART EXHIBITED AT THE GUGGENHEIM MUSEUM. IN ADDITION TO THE 74,367 VISITORS BETWEEN APRIL AND DECEMBER, 2019, WHO USED A FREE, MUSEUM-PROVIDED DEVICE TO ACCESS THE DIGITAL GUIDE DURING THEIR VISIT, THE DOWNLOADABLE APP WAS USED NEARLY 2,800 TIMES BETWEEN NOVEMBER 19, 2019 (WHEN IT BECAME AVAILABLE IN APP STORES), AND DECEMBER 31, 2019. (3) THE FOUNDATION EDUCATED THE GENERAL PUBLIC THROUGH FREE WITH ADMISSION DAILY EDUCATOR LED TOURS, THE GALLERY GUIDE PROGRAM, WEEKLY IN-GALLERY FAMILY PROGRAMS AND FILM SCREENINGS, COURSES, LECTURES, SYMPOSIA, PERFORMANCES, AND OTHER PROGRAMS. THE GUGGENHEIM MUSEUM WELCOMES STUDENTS AT ALL PUBLIC PROGRAMS AND OFFERS DISCOUNTED OR COMPLIMENTARY TICKETS TO STUDENTS WITH VALID ID. THE FOUNDATION'S MIND'S EYE PROGRAM EXPLORED CURRENT EXHIBITIONS THROUGH VERBAL IMAGING AND TOUCH FOR VISITORS WHO ARE BLIND OR HAVE LOW VISION. VISITORS WHO ARE DEAF OR HARD OF HEARING WERE SERVED THROUGH ASL-INTERPRETED CURATOR'S AND CONSERVATOR'S EYE TOURS. THE FOUNDATION'S LEARNING THROUGH ART PROGRAM SPONSORED ARTIST RESIDENCIES IN PUBLIC SCHOOLS IN ALL FIVE BOROUGHS OF NEW YORK CITY AND MOUNTED A MONTH LONG EXHIBITION OF STUDENT WORK IN THE MUSEUM'S GALLERIES. EDUCATORS PARTICIPATED IN WEEKEND WORKSHOPS FOCUSED ON CLASSROOM APPLICATIONS AND FREE OPEN HOUSE EVENTS WHERE THEY WERE ABLE TO VIEW NEW EXHIBITIONS. FAMILY PROGRAMS WERE AVAILABLE TO VISITORS, ENCOURAGING THEM TO DISCOVER THE MUSEUM THROUGH FAMILY TOURS, ART MAKING WORKSHOPS AND THE DISTRIBUTION OF FREE GUIDES AND ACTIVITY PACKS. K-12 SCHOOL GROUPS PARTICIPATED IN INTERACTIVE MUSEUM TOURS THAT WERE CUSTOMIZED FOR BOTH TYPICALLY DEVELOPING CHILDREN AND THOSE WITH SPECIAL NEEDS. (4) 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 MAJOR MODERN AND CONTEMPORARY ART COLLECTION AND PRESENT SPECIAL EXHIBITIONS THAT WILL INCLUDE WORKS FROM THE FOUNDATION'S EXTENSIVE COLLECTION. IN 2019, THE Guggenheim Abu Dhabi ACQUIRED 69 ARTWORKS ACROSS ALL MEDIA WITH A FOCUS ON NORTH AFRICAN AND LATIN AMERICAN ARTISTS FOR THE GUGGENHEIM ABU DHABI COLLECTION. ADDITIONALLY, TWO PUBLIC PROGRAMS, ONE FOCUSING ON THE GUGGENHEIM ABU DHABI COLLECTION ARTWORK, JEAN-MICHEL BASQUIATS CABRA (1981-82), AND ONE FOCUSING ON THE GUGGENHEIM ABU DHABI COLLECTION ARTIST HASSA HAJIAJ, WERE HELD IN THE SPRING AND FALL RESPECTIVELY AS PART OF A NEW STRATEGY TO PRESENT IMMERSIVE, INTERACTIVE PROGRAMS CENTERING ON AN ARTISTS PRACTICE. Form 990, Part VI, Section A, Line 1A THE FOUNDATION'S BY-LAWS PROVIDE THAT THE EXECUTIVE COMMITTEE MAY EXERCISE ALL OF THE POWERS OF THE BOARD DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, 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, 2019, THERE WERE 11 MEMBERS OF THE EXECUTIVE COMMITTEE. THERE ARE NO MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE NOT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 PETER LAWSON-JOHNSTON, WENDY L-J. MCNEIL AND PETER LAWSON-JOHNSTON II, FAMILY AND BUSINESS RELATIONSHIPS; MARK WALTER, PETER LAWSON-JOHNSTON, WENDY L-J MCNEIL AND PETER LAWSON-JOHNSTON II, BUSINESS RELATIONSHIPS; ROBERT BAKER AND WILLIAM MACK, BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 The Foundations by-laws were amended to (1) authorize the creation of an Advancement Committee, (2) provide that all Committees of the Corporation have three trustee members and elect their members by resolution adopted by a majority of the entire Board, AND (3) streamline the process for removal for cause and suspension of trustees, officers and committee members. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM WITH THE COOPERATION OF THE FOUNDATIONS FINANCE AND LEGAL DEPARTMENTS. IT IS THEN REVIEWED BY THE CONTROLLER, CHIEF FINANCIAL OFFICER, DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY AND SENIOR DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER. THE DRAFT OF FORM 990 IS THEN DISTRIBUTED TO THE AUDIT AND EXECUTIVE COMMITTEE MEMBERS FOR REVIEW. A MEETING IS HELD WITH THE AUDIT AND EXECUTIVE COMMITTEES FOR FURTHER REVIEW AND APPROVAL. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO THE CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, TRUSTEES AND OFFICERS (INCLUDING THE DIRECTOR AND DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY) 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 COMPLETE AN ANNUAL CERTIFICATION IN WHICH THEY 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 APPROVAL IN ADVANCE FROM THE EMPLOYEE'S SUPERVISOR AND, IN PRESCRIBED CASES, 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 AND EXAMPLES ARE GIVEN. 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 SENIOR DEPUTY DIRECTOR AND 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. FORM 990, PART VI, SECTION B, LINE 15 THE CHARTER FOR THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES DESCRIBES THE PROCESS THE COMMITTEE USES FOR DETERMINING THE COMPENSATION OF THE DIRECTOR OF THE MUSEUM AND FOUNDATION AND OTHER MEMBERS OF THE EXECUTIVE STAFF OF THE FOUNDATION. IN 2019, THE EXECUTIVE STAFF OF THE FOUNDATION INCLUDED THE DIRECTOR OF THE MUSEUM AND FOUNDATION, SENIOR DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER; DEPUTY DIRECTOR, GENERAL COUNSEL AND SECRETARY; DEPUTY DIRECTOR, ADVANCEMENT; DEPUTY DIRECTOR, GLOBAL COMMUNICATIONS; DIRECTOR OF THE PEGGY GUGGENHEIM COLLECTION; AND ARTISTIC DIRECTOR AND JENNIFER AND DAVID STOCKMAN CHIEF CURATOR. 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, REFLECTED IN THE MINUTES OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE CONSISTS ENTIRELY OF TRUSTEES WHO ARE NOT EMPLOYEES. IN 2019, THE COMMITTEE USED THIS PROCESS TO DETERMINE THE COMPENSATION OF ALL MEMBERS OF THE EXECUTIVE STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS, AND FORMS 1023 AND 990-T ARE AVAILABLE UPON WRITTEN REQUEST OR A REQUEST MADE IN PERSON. THE FOUNDATION'S FORM 990 AND AUDITED FINANCIALS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS FOREIGN CURRENCY TRANSLATION (99,448) GUGGENHEIMCOM INC 1071 FIFTH AVENUE NEW YORK NY 10128 134113745 CEASED OPS DE NA C CORP 0 0 0.55000 true false false false false false false false false false false false false false false false false false false false