2015-11-13T10:53:33-07:00 2014-12-31 990 2014-01-01 135562233 SOLOMON R GUGGENHEIM FOUNDATION SOLO 2123604224 1071 Fifth Avenue New York NY 101280173 Marc Steglitz Sr. Dep. Director and COO 2124233688 2015-11-16 2014 2016-02-25 16:41:14Z Marc Steglitz 1071 Fifth Avenue New York NY 10128 163195450 0 X www.guggenheim.org X 1937 NY Committed to innovation, the Solomon R. Guggenheim Foundation collects, preserves, and interprets modern and contemporary art, and explores ideas across cultures through 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. 30 30 617 125 1485905 9218 27178861 34374708 41714675 42020404 3514694 4689922 5493419 8107793 77901649 89192827 14780 5000 0 0 34016762 34860631 49500 42000 4426117 41501846 47165881 75582888 82073512 2318761 7119315 175525125 173588373 60729225 54074236 114795900 119514137 Committed to innovation, the Solomon R. Guggenheim Foundation collects, preserves, and interprets modern and contemporary art, and explores ideas across cultures through 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. 0 0 27331353 0 23025327 Art Museum Programs: (Exhibitions and Other Educational Projects) Exhibitions presented in 2014 at the Solomon R. Guggenheim Museum in New York ("SRGM") included: Kandinsky in Paris, 1934-1944 (June 28, 2013-April 23, 2014); Robert Motherwell: Early Collages (September 27, 2013-January 5, 2014); Participatory City: 100 Urban Trends from the BMW Guggenheim Lab (October 11, 2013-January 5, 2014); Lasting Images (October 14, 2013-January 10, 2014); Christopher Wool (October 25, 2013-January 22, 2014); Carrie Mae Weems: Three Decades of Photography and Video (January 24-May 14, 2014); Italian Futurism, 1909-1944: Reconstructing the Universe (February 21-September 1, 2014); A Year with Children 2014 (May 9-June 18, 2014); Under the Same Sun: Art from Latin America Today (June 13-October 1, 2014); Kandinsky Before Abstraction, 1901-1911 (June 27, 2014-April 1, 2015); ZERO: Countdown to Tomorrow, 1950s-60s (October 10, 2014-January 7, 2015); V.S. Gaitonde: Painting as Process, Painting as Life (October 24, 2014-February 11, 2015); and Wang Jianwei: Time Temple (October 31, 2014-February 16, 2015). SRGM also held an ongoing exhibition highlighting material from the Guggenheim Archives: A Long-Awaited Tribute: Frank Lloyd Wright's Usonian House and Pavilion (July 27, 2012-ongoing). Additionally, works in the ongoing exhibitions in the Thannhauser Gallery continually change and rotate. SRGM curators also organized two traveling exhibitions, From the Guggenheim Collection to the Cobra Museum Amstelveen: International Abstraction, 1949-1960 (April 5-August 31, 2014), presented at the Cobra Museum of Modern Art in Amstelveen, Netherlands, and Modern Masters Series: Highlights from the Solomon R. Guggenheim Museum, October 2, 2014-February 1, 2015 at El Paso Museum of Art, Texas. After its presentations at the SRGM in New York and at Asia Society Hong Kong Center, the exhibition of the first phase of the Guggenheim UBS MAP Global Art Initiative, No Country: Contemporary Art for South and Southeast Asia, was adapted in collaboration with, and presented at, the NTU Centre for Contemporary Art Singapore (May 10-July 20, 2014). Exhibitions presented in 2014 at the Peggy Guggenheim Collection in Venice ("PGC") included: The Avant-Gardes of Fin-de-siecle Paris: Signac, Bonnard, Redon, and Their Contemporaries (September 28, 2013-January 6, 2014); Themes & Variations: The Empire of Light (February 1-April 14, 2014); For Your Eyes Only: A Private Collection, from Mannerism to Surrealism (May 24-August 31, 2014); AZIMUTH: Continuity and Newness (September 20, 2014-January 19, 2015); and the Hannelore B. and Rudolph B. Schulhof Collection and Gianni Mattioli Collection. Exhibitions presented in 2014 at the Guggenheim Museum Bilbao included: Antoni Tapies: From Object to Sculpture (1964-2009) (October 4, 2013-January 19, 2014); Garmendia, Maneros Zabala, Salaberria: Process and Method (October 31, 2013-February 16, 2014); Selections from the Guggenheim Bilbao Collection IV (November 19, 2013-August 31, 2014); Ernesto Neto: The Body that Carries Me (February 14-May 18, 2014); Yoko Ono, Half-A Wind Show-A Retrospective (March 14-September 1, 2014); Ragnar Kjartansson: The Visitors (May 30-September 7, 2014); Georges Braque (June 13-September 21, 2014); and The Art of Our Time: Masterpieces from the Guggenheim Collections (September 23, 2014-May 3, 2015). In addition, SRGM curators collaborated with colleagues in Abu Dhabi to organize the pre-opening exhibition Seeing Through Light: Selections from the Guggenheim Abu Dhabi Collection (November 5, 2014-March 26, 2015) at Manarat al Saadiyat, Saadiyat Cultural District in Abu Dhabi. The SRGF opened a total of 20 exhibitions in 2014. 21030877 0 2999473 Art Museum Curatorial, Collection Management Acquisition Programs: The Solomon R. Guggenheim Foundation ("SRGF") fulfills its mission to collect and preserve art for the benefit of the public in several ways. The curatorial staff studies the art in SRGF's possession, plans international exhibitions for public viewing, and prepares and publishes scholarly catalogues and educational texts. SRGF also lends many of the works of art in its collection to other museums on the occasion of special exhibitions that are of scholarly merit or that will broaden the public's appreciation of art. SRGF 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. SRGF maintains a full art conservation lab to properly care for the art in its possession; it also conducts research on new techniques in art conservation. In 2014 the Guggenheim's collection was comprised of over 7,200 works of art. SRGF acquired fifty-seven works by Latin America artists under the auspices of the Guggenheim UBS MAP Purchase Fund and nine works by Wang Jianwei as part of the The Robert H. N. Ho Family Foundation Collection commission. The museum also acquired five paintings by Al Held, a painting by Christopher Wool, major installations by Zoe Leonard and Peter Fischli and David Weiss, two video works by Ragnar Kjartansson, and a major contemporary Chinese painting by Huang Rui. SRGF also acquired contemporary installation works by Ellie Ga, Camille Henrot, Agnieszka Kurant, Adrian Villar Rojas, Hassan Sharif and Chen Zhen. Acquisition highlights also included contemporary paintings by Sarah Morris and Sterling Ruby; contemporary video works by Fiona Tan, Gillian Wearing, and Jane and Louise Wilson; and contemporary photography works by Liz Deschenes, Sabine Hornig, Cindy Sherman, Carrie Mae Weems and Martha Wilson. SRGF also acquired performance based artworks by Tania Bruguera, Gerard & Kelly and Roman Ondak. The total number of works acquired by SRGF in 2014 was 133. 5784936 0 18728002 Visitor Services: in 2014 SRGF 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 SRGF's mission. SRGF conducts tours of its exhibitions, and provides educational texts free of charge to all museum visitors. SRGM is 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. (2014 Global Attendance was 1,337,500) 7560563 0 8792439 (1)Publishing: Educational Publications, Videos, Products, and Retail Operations, (2)Interactive/Website, (3)Education and (4)Special Initiatives: Guggenheim UBS MAP Global Art Initiative and (5)The Robert H. N. Ho Family Foundation Chinese Art Initiative. (1) Scholarship and learning are intrinsic to the many books and catalogues produced by SRGF. Each publication includes such scholarly and instructive art historical information as bibliographies, biographies, chronologies, and exhibition histories with longer texts that contextualize art within larger movements or disciplines. Publications in 2014 included Italian Futurism, 1909-1944: Reconstructing the Universe; ZERO: Countdown to Tomorrow, 1950s-60s; Wang Jianwei: Time Temple; Guggenheim UBS MAP Global Art Initiative, Volume 2: Latin America; Hugo Boss Prize 2014; and V. S. Gaitonde: Painting As Process, Painting As Life. Videos for the Guggenheim multimedia guide and education exhibition videos were created in 2014 for the following exhibitions: Italian Futurism, 1909-1944: Reconstructing the Universe; Under the Same Sun: Art from Latin America Today; ZERO: Countdown to Tomorrow, 1950s-60s; and Wang Jianwei: Time Temple. Videos are available at guggenheim.org/video. SRGF produces many reproduction-based products for sale in its retail stores. These products created by SRGF in non-paper mediums (such as scarves and ties) include reproduction images on which the items are based, with educational texts about the original works of art. (2) Significant exhibition, collections, education, and archives content is available to the public, free of charge, on Guggenheim.org, including nearly 1600 artworks by more than 575 artists in the Collection Online and more than 250 videos and 800 audio files covering a variety of topics. In 2014 Guggenheim.org had more than 5,450,000 user sessions, more than 4,410,000 users and more than15,000,000 page views. The website also features special microsites designed to accompany major special exhibitions, with new microsites launched in 2014 to accompany the exhibitions ZERO: Countdown to Tomorrow, 1950s-60s and Italian Futurism, 1909-1944: Reconstructing the Universe. In 2014, research into analytics and user behavior was conducted in advance of a comprehensive redesign of Guggenheim.org set to take place in 2015. Other highlights include a nomination as a 2014 Webby Awards Honoree for the website's redesigned video section (guggenheim.org/video).(3) SRGF educated the general public through free with admission daily educator led tours, the gallery guide program, weekly in-gallery family programs and film screenings, as well as welcomed the public to register for courses, lectures, symposia, performances, and other programs. SRGF's Mind's Eye program explored current exhibitions through verbal imaging and touch for partially sighted, blind and deaf visitors. SRGF'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 museum 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) Launched in April 2012, the Guggenheim UBS MAP Global Art Initiative is a multi-year collaboration between SRGF and UBS that seeks to stimulate dialogue and creative interaction both regionally and globally through curatorial residencies, public and online programming and collection building. All educational programs accompanying exhibitions of the Guggenheim UBS MAP Global Art Initiative evolve from a dynamic and inclusive process of cross-cultural and professional exchanges among SRGF's curatorial and educational staffs, initiative curators and artists, and colleagues from each exhibition venue. In 2013, the exhibition No Country: Contemporary Art for South and Southeast Asia, featuring acquisitions from the first phase of the Initiative, premiered in New York before traveling to Hong Kong and Singapore in 2014. In 2014, the exhibition Under the Same Sun: Art from Latin America, featuring acquisitions from the second phase, debuted in New York. In addition, the search for a curator for the third phase (Middle East and North Africa) was launched in 2014. (5) Launched in March 2013, The Robert H. N. Ho Family Foundation Chinese Art Initiative at the Guggenheim Museum has been established to expand the discourse on contemporary Chinese art by commissioning Chinese artists to create major works that will enter SRGF's permanent collection and to present a series of exhibitions in conjunction with scholarly publications, notable lectures, and education programs. In October 2013, SRGF announced the selection of Beijing-based artist Wang Jianwei as the first commissioned artist for the initiative. The artist was commissioned to produce a multimedia installation comprised of sculpture, video, and painting for the exhibition Wang Jianwei: Time Temple which opened at the SRGM in October 2014. Time Temple is the first in a series of three commission-based exhibitions through The Robert H. N. Ho Family Foundation Chinese Art Initiative at the Guggenheim Museum. As a part of the initiative, the commissioned works will enter SRGF's permanent collection as The Robert H. N. Ho Family Foundation Collection. 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 450,000-square-foot museum will house its own major modern and contemporary art collection and present special exhibitions that will include works from SRGF's extensive collection. The museum, the largest Guggenheim in the world, will have global art, exhibitions, and education programs with particular focus on Middle Eastern contemporary art. In June 2014, SRGF launched its first open, anonymous, international design competition for a proposed Guggenheim museum in the Finnish capital of Helsinki. The Guggenheim Helsinki Design Competition generated a record-setting 1,715 submissions from more than 77 countries. The competition jury selected six finalists, which represent both emerging and established architectural practices from seven countries and offer fresh and distinctive approaches to museum design and to the changing role of the twenty-first-century museum. 7560563 0 8792439 61707729 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 229 0 1 617 1 1 1 1 BD CA CJ EI IT UC UK VI 0 0 0 1 1 0 0 0 0 X 30 30 1 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 AL AZ CA CO CT DC FL GA IL IN KS MA MD ME MI MN NC NH NJ NM NY OH OR PA TN VA WI WV X X Marvin Suchoff 2123604216 345 Hudson Street 12 Floor New York NY 10014 X Azua Jon Imanol Trustee 2 0 X 0 0 0 Baker Robert C Trustee/Treasurer 3 0 X X 0 0 0 Boehly Todd Trustee 2 0 X 0 0 0 Calicchio John Trustee/Vice-President 3 0 X X 0 0 0 Cronson Mary Sharp Trustee 2 0 X 0 0 0 Daskalopolulos Dimitris Trustee 2 0 X 0 0 0 Diker Charles M Trustee 2 0 X 0 0 0 Ehrnrooth Carl Gustaf Trustee 2 0 X 0 0 0 Fisher Wendy Trustee 2 0 X 0 0 0 Jaffe Elliot S Trustee 2 0 X 0 0 0 Lawson-Johnston Peter Trustee/Honorary Chairman 3 0 X X 0 0 0 Lawson-Johnston II Peter Trustee 2 0 X 0 0 0 Lutnick Howard W Trustee 2 0 X 0 0 0 Mack William L Trustee/Chairman 8 0 X X 0 0 0 Macklowe Linda Trustee 2 0 X 0 0 0 McNeil Wendy L-J Trustee/Vice-President 3 0 X X 0 0 0 Meyer Edward H Trustee/Vice-President 2 0 X X 0 0 0 Nemerov Alexander Trustee 2 0 X 0 0 0 Potanin Vladimir O Trustee 2 0 X 0 0 0 Robert Stephen Trustee 2 0 X 0 0 0 Ross Stephen M Trustee 2 0 X 0 0 0 Sackler Mortimer D A Trustee 2 0 X 0 0 0 Saul Denise Trustee/Vice-President 3 0 X X 0 0 0 Schulhof Michael P Trustee 2 0 X 0 0 0 Sherwood James B Trustee 2 0 X 0 0 0 Slifka Barbara Trustee 2 0 X 0 0 0 Stockman Jennifer Blei Trustee/President 8 0 X X 0 0 0 Toledano Sidney Trustee 2 0 X 0 0 0 Walter Mark R Trustee/Vice President 2 0 X X 0 0 0 Wilmerding John Trustee 3 0 X 0 0 0 Rover Edward F Secretary 2 0 X 0 0 0 Armstrong Richard D Director of the Museum and Foundation 40 0 X 771957 0 20371 Steglitz Marc H Senior Deputy Director and COO 40 0 X 374399 0 31404 Austrian Sarah G Dep Director, General Counsel and Asst Secretary 40 0 X 318736 0 20371 Rylands Philip Director Peggy Guggenheim Collection 40 0 X 291785 0 107472 Goldhar Eleanor R Dep Director and Chief of Global Communications 40 0 X 264515 0 30795 Spector Nancy E Deputy Director and Chief Curator 40 0 X 219153 0 25424 Dunn Catherine Carver Deputy Director, Advancement 40 0 X 358298 0 29155 Vidarte Juan Ignacio Dep Director and Chief Officer for Global Strategies 20 0 X 291943 0 5619 Wielk John L Dep Dir, Corporate and Institutional Development 40 0 X 236837 0 19386 Suchoff Marvin Chief Financial Officer 40 0 X 224016 0 28264 Wiseman Ari J Deputy Director, SRGF 40 0 X 201287 0 17209 3552926 0 335470 36 0 1 0 Crothall Healthcare 955 Chesterbrook Boulevard Suite 300 Wayne PA 19087 Cleaning Services 862004 Alliedbarton Security Services 161 Washington Street Suite 600 Eight Tower Bridge Conshohocken PA 19428 Security Guards 681262 Davis Polk and Wardwell LLP 121 Avenue des Champs-Elysees Paris FR 75008 Legal Services 647289 APICE VENEZIA Via delle Macchine 29-1 Marghera Venezia IT 30175 Art Shipping Services 467372 Finn Partners 301 East 57th Street New York NY 10022 PR Consulting Services 457793 40 0 2561637 2283928 0 599536 28929607 1970305 34374708 Admission income 712110 19352025 19352025 0 0 Exhibitions 712110 8640296 8640296 0 0 Program collaborations 712110 11823828 11823828 0 0 Museum feasibility study 712110 1222268 1222268 0 0 Other program service revenue 712110 981987 981987 0 0 0 0 0 0 42020404 2906061 0 0 2906061 0 0 0 0 1338935 0 0 1338935 0 0 0 0 0 0 0 0 0 0 41927155 27321536 41569427 25895403 357728 1426133 1783861 0 0 1783861 1124512 2283928 1851015 -726503 0 -726503 0 0 0 0 0 0 6892938 4686778 2206160 739358 1466802 0 Proceeds from sales of art 900099 4013722 4013722 0 0 Corporate events 900099 759089 0 1060 758029 Restaurant income 900099 516390 0 18043 498347 0 0 0 0 5289201 89192827 46773484 1485905 6558730 0 0 0 0 5000 5000 0 0 4573514 654203 3157540 761771 0 0 0 0 24422597 19068273 3431201 1923123 737024 609699 89971 37354 3469476 2960288 290595 218593 1658020 1239673 312179 106168 5652674 5089418 528425 34831 1228668 57355 1171313 0 242981 12964 230017 0 210452 180352 0 30100 42000 42000 1485151 0 1485151 0 1533579 832964 641617 58998 2454061 2103310 249654 101097 2463089 1333424 872171 257494 340880 11585 329295 0 98490 74153 23279 1058 6745468 5422794 1261543 61131 2340381 1796292 187795 356294 0 0 0 0 737290 466954 31106 239230 204915 188701 16214 0 0 0 0 0 5092255 4563558 490248 38449 1118276 799913 318363 0 Art purchases 7395315 7395315 0 0 Art storage, shipping and crating 5022815 4851634 153057 18124 Materials and other exhibition cost 1408698 1196504 205337 6857 Unrelated business income tax 2721 0 2721 0 1387722 793403 460874 133445 82073512 61707729 15939666 4426117 11321480 8225749 9449688 12513401 15323168 17243278 2286861 2461800 64170 47500 0 0 1045545 993551 615787 1370807 124653236 62573684 65248545 62079552 9903844 17185301 59978061 51179458 0 0 287976 287976 175525125 173588373 12636483 14249154 0 38493410 33265830 5600000 2900000 0 0 3605001 3414428 372331 234824 22000 10000 60729225 54074236 X 22659653 22310068 34408149 37529848 57728098 59674221 114795900 119514137 175525125 173588373 X 7119315 -1723874 0 0 0 -677204 X 0 1 X 1 0 X 22336405 20725614 30858995 27178861 34374708 135474583 0 0 0 0 0 0 0 0 0 0 0 0 22336405 20725614 30858995 27178861 34374708 135474583 14348709 121125874 1564420 4026251 3657311 4391643 4244996 17884621 1837933 2419258 1662341 1340659 1485905 8746096 0 0 0 0 0 0 162105300 52675414 0.74720 0.73278 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 1 1257 0 1 220871 1 880 0 223008 0 Schedule C, Part II-B, Line 1 The Foundation engaged communications and lobbying firms to solicit grants to support art education and capital improvements to the SRGM building and advise on one foreign initiative. In addition, during the year, SRGF's representatives met directly with public officials, on a limited number of occasions, to discuss funding for art education, capital improvements and one foreign initiative. 0 0 X X X X 1 73895920 6155842 1494278 0 10892364 0 70653676 66392295 1440927 10890238 0 4827540 0 73895920 61024160 8264319 3248023 0 6144207 0 66392295 67018874 1258895 996949 0 8250558 0 61024160 64304087 4550865 4650038 0 6486116 0 67018874 0.03 0.83 0.14 0 0 3130643 0 3130643 109714126 0 53952705 55761421 6662622 0 5961301 701321 4760570 0 2659678 2100892 385275 0 0 385275 62079552 0 0 Fixed Income Funds 16459715 F Equity Funds 14630170 F Fund of Hedge Funds 4175592 F Event/Credit Arbitrage Funds 14342126 F International Funds 1571855 F 51179458 0 State income taxes 10000 10000 90363552 -1723874 247100 0 4686777 3210003 87153549 1485151 554127 2039278 89192827 85645315 247100 0 0 4686777 4933877 80711438 1485151 -123077 1362074 82073512 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 nonaccessioned 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, curators, and international affiliates, 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 mid-19th century through the present. Schedule D, Part V, Line 4 The Foundation's endowment funds are used for educational programs, in support of a curatorial chair, art purchases, publications, exhibitions, PGC's internship program, and general support of the Foundation's operations. Schedule D, Part X 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 certain sales of merchandise and activities. The income from the Foundation's Italian operations is also subject to Italian tax law. Schedule D, Part XI, Line 2d Cost of sales related to retail and publications $4,686,777. Schedule D, Part XI, Line 4b Foreign currency change $397,782 and special events $156,345. Schedule D, Part XII, Line 2d Cost of sales related to retail and publications $4,686,777. Schedule D, Part XII, Line 4b Net change in post-retirement benefit obligation ($279,422) and special events $156,345. 1 East Asia and the Pacific 0 0 Program Services Traveling Exhibition 2282000 Europe (including Iceland and Greenland) 1 40 Program Services Peggy Guggenheim Collection, Guggenheim Museum Bilbao and a feasibility study in Helsinki 16494000 Middle East and North Africa 0 0 Program Services Guggenheim Abu Dhabi 473000 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Traveling Exhibitions 426000 South America 0 0 Program Services Traveling Exhibitions 234000 South Asia 0 0 Speaking at Seminars or Conferences Art educational conferences 286000 Sub-Saharan Africa 0 0 Program Services Traveling Exhibitions 1000 Central America and the Caribbean 0 0 Program Services Loan of art works 59000 Central America and the Caribbean 0 0 Investments Investments 52362000 Europe (including Iceland and Greenland) 0 0 Investments Investments 7622000 North America (including Canada and Mexico, but not the United States) 0 0 Investments Investments 5378000 1 40 85617000 1 1 0 0 0 1 Schedule F, Part I, Line 2 In 2014 the Foundation made one grant to Fundacion Jumex, A.C., a Mexican charitable institution, in support its charitable mission to promote the production, reflection and knowledge of contemporary art. The Foundation is not required to report this grant in Schedule F Part II because it was not more than $5,000. The Foundation monitored the use of that one grant by executing a written agreement with the grantee which required the grantee to submit evidence to the Foundation of its non-profit status in Mexico and to use all grant funds only for the approved grant purposes. In addition, the grantee agreed not to use any of the grant funds to carry on propaganda or otherwise attempt to influence legislation, or use the grant funds to support individuals or entities listed on terrorist lists maintained by the United States. The agreement also required the grantee to provide to the Foundation a letter describing its use of the grant funds in support of the grant purposes. X X X X X X 1 The Lukens Company 2800 Shirlington Road Suite 900 Arlington VA 22206 Provides fundraising counseling, marketing, and direct mail services to the SRGF for the exclusive purpose of enabling SRGF to fulfill its charitable purposes and programs 0 127232 136135 -8903 127232 136135 -8903 AL AZ CA CO CT DC FL GA IL IN KS MA MD ME MI MN NC NH NM NY OH OR PA TN VA WA WI WV Fall Gala 2920930 2018541 902389 0 0 0 0 0 933696 Year w/Children 245190 203239 41951 0 0 0 0 0 51356 1 242320 62148 180172 0 0 0 0 0 1022308 3408440 2283928 1124512 0 0 0 0 0 2007360 2007360 -882848 X X 0 1 X X X X X X 0 0 0 0 0 0 0 0 0 Armstrong Richard D Director of the Museum and Foundation 771957 0 0 0 0 0 14300 0 6500 0 792757 0 0 0 Steglitz Marc H Senior Deputy Director and COO 374399 0 0 0 0 0 14300 0 17467 0 406166 0 0 0 Austrian Sarah G Dep Director, General Counsel and Asst Secretary 303736 0 15000 0 0 0 14300 0 6500 0 339536 0 0 0 Rylands Philip Director Peggy Guggenheim Collection 291785 0 0 0 0 0 24829 0 82643 0 399257 0 0 0 Goldhar Eleanor R Dep Director and Chief of Global Communications 264515 0 0 0 0 0 14300 0 16914 0 295729 0 0 0 Spector Nancy E Deputy Director and Chief Curator 219153 0 0 0 0 0 10569 0 15262 0 244984 0 0 0 Dunn Catherine Carver Deputy Director, Advancement 358298 0 0 0 0 0 14300 0 15285 0 387883 0 0 0 Vidarte Juan Ignacio Dep Director and Chief Officer for Global Strategies 187314 0 0 0 104629 0 5619 0 0 0 297562 0 0 0 Wielk John L Dep Dir, Corporate and Institutional Development 236837 0 0 0 0 0 13315 0 6480 0 256632 0 0 0 Suchoff Marvin Chief Financial Officer 224016 0 0 0 0 0 12720 0 15950 0 252686 0 0 0 Wiseman Ari J Deputy Director, SRGF 201287 0 0 0 0 0 11356 0 6249 0 218892 0 0 0 Schedule J, Part I, Line 1a The Foundation provided furnished housing for use by the Deputy Director and Chief Officer for Global Strategies, whose primary residence is in Bilbao, Spain, when working in New York City. This housing allowance is included as compensation, and as such, the Foundation has agreed to provide the Deputy Director and Chief Officer for Global Strategies with tax indemnification and gross-up payments. Schedule J, Part I, Line 1b The Foundation provided the Deputy Director and Chief Officer for Global Strategies with furnished housing for use while he was working in New York, as part of his taxable compensation package and as part of the employment letter and not pursuant to the Foundation's written travel and expense policy. Philip Rylands Director Peggy Guggenheim Collection Housing Assistance X 215000 47500 0 1 1 47500 X 39 0 N/A X 18 1069661 FMV X Gala Auction 3 256582 Auction proceeds X Art work exchange 1 700000 FMV X Renovation 1 174142 Cost X Catalog subscription 1 26502 Cost 5 0 1 1 Schedule M, Part I, Line 32b Securities contributions are held and processed by the JPMorgan Chase Bank. 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 collection items purchased and the proceeds from deaccessioned and nonaccessioned art are reported as changes in net assets related to collection items purchased and sold in the statement of activities. Form 990, Part IV, Line 28c The Foundation answered "no" to this question because the Foundation was not a party to any business transaction that is required to be disclosed on Schedule L, Part IV, pursuant to the Schedule L instructions. 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 of removing Trustees or officers elected by the Trustees, and (2) the power to fill vacancies which may occur in the Executive Committee. The by-laws also provide that the Executive Committee shall fix the salaries of the Director and any officers that receive compensation. The by-laws further provide that the Executive Committee shall be composed of at least seven and not more than sixteen Trustees including the Chairman, President and Honorary Chairman to the extent such positions are filled. On December 31, 2014, there were 11 Trustee-members of the Executive Committee. There are no non-Trustee members of the Executive Committee. Form 990, Part VI, Section A, Line 2 Peter Lawson-Johnston, Peter Lawson-Johnston II and Wendy L-J. McNeil, family and business relationships. Mark Walter, Todd Boehly, Peter Lawson-Johnston, Peter Lawson-Johnston II and Wendy L-J McNeil, business relationship. Robert Baker and Elliot Jaffe, business relationship. Robert Baker and William Mack, business relationship. William Mack and Stephen Ross, business relationship. Howard Lutnick has business relationships with Mark Walter, Stephen Ross, Peter Lawson-Johnston II and Todd Boehly. Form 990, Part VI, Section A, Line 4 To comply with the New York State Nonprofit Revitalization Act of 2013, the Foundation's Board of Trustees amended the by-laws to transfer from the Governance and Nominating Committee to the Audit Committee the responsibility to exercise the Board's authority with respect to any transactions that may give rise to an actual or perceived conflict of interest involving Trustees or officers of the Foundation. The amended by-laws also clarified the Audit Committee's authority to review complaints relating to ethical or financial misconduct and violations or suspected violations of laws or institutional policies. Form 990, Part VI, Section B, Line 11b The Foundation's Form 990 is prepared with the cooperation of its Finance and Legal departments. It is then reviewed by the Chief Financial Officer, Deputy Director, General Counsel and Assistant 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 disclose annually in writing any potential or actual conflicts, and are required to disclose any conflicts that arise during the year. The Audit Committee of the Board of Trustees reviews the disclosures together with the Deputy Director, General Counsel and Assistant 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 either the employee's supervisor or the Ethics Committee, in accordance with the Code of Ethics. The Deputy Director, General Counsel and Assistant Secretary and Human Resources department review employee disclosures. 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. In addition, regular meetings are held to review the Code of Ethics with current staff. The Director, the Senior Deputy Director and Chief Operating Officer, and the Deputy Director, General Counsel and Assistant Secretary must disclose any transaction or relationship that may give rise to a conflict of interest to the Audit Committee. 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 and other members of the executive staff of the Foundation. The "executive staff" of the Foundation includes all officers and key employees of the Foundation. That process includes: (i) review and approval by the Compensation Committee; (ii) the use of comparative data; and (iii) 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. The Committee used this process in 2014 to establish compensation changes for the Director of the Museum and Foundation; the Deputy Director, SRGF; the Director of the Peggy Guggenheim Collection; the Senior Deputy Director and Chief Operating Officer; the Deputy Director, General Counsel and Assistant Secretary; the Deputy Director and Chief of Global Communications; the Deputy Director and Chief Curator; the Deputy Director, Advancement and the Deputy Director, Corporate and Institutional Development. Form 990, Part VI, Section B, Line 16a The Foundation did not invest in, contribute assets to, or otherwise participate in any joint ventures with taxable entities in the tax year, nor did it invest in, contribute assets to or otherwise participate in any arrangement it believes is similar to a joint venture with a taxable entity. However, given the broad definition of "joint venture or similar arrangement" in the instructions to this question, the Foundation answered this question "yes" in recognition of the fact that it has entered into contractual relationships with taxable entities which fund certain mission-related exempt-purpose activities. Form 990, Part VI, Section C, Line 19 The Foundation's governing documents, Conflict of Interest Policy for Trustees and Officers, Code of Ethics and Forms 1023 and 990-T are available upon written request or a request made in person. The Foundation's Form 990 is available on the Foundation's website. Form 990, Part VII, Section A, Line 1a Included in reportable compensation from the organization for Juan Ignacio Vidarte, Deputy Director and Chief Officer for Global Strategies, is a housing allowance of $40,725 and $63,904 of tax indemnification and gross-up payment. Form 990, Part XI, Line 9 (1) Foreign currency translation ($397,782); (2) Net change in post-retirement benefit obligation ($279,422). Guggenheimcom Inc 1071 Fifth Avenue New York NY 10128 134113745 Ceased operations DE N/A C 0.55 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Due to the complexity of the Form 990, more time needed to compile information necessary to fulfill filing requirements.