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Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

olney gleason jackson pollock and lee krasner

Olney Gleason, a new gallery founded by former Kasmin senior staff Nick Olney and Eric Gleason, has been appointed as the exclusive representative for the estates of Jackson Pollock and Lee Krasner through the Pollock-Krasner Foundation. The gallery, which opened earlier this year, succeeds Kasmin in handling the artists' work; Kasmin had represented Pollock since 2024 and Krasner since 2017. Olney and Gleason previously organized multiple Krasner exhibitions at Kasmin and supported major museum shows, including a 2019 Krasner retrospective at the Barbican Centre and a 2024 Pollock exhibition at the Picasso Museum in Paris.

the national portrait gallery getty museum jointly acquire joshua reynolds portrait of omai

The National Portrait Gallery in London and the J. Paul Getty Museum in Los Angeles have jointly acquired Joshua Reynolds's 1776 painting *Portrait of Omai* for an estimated £50 million ($62 million). This marks the first time museums in the UK and US have partnered on a single acquisition, with each institution paying half and sharing ownership of the artwork, which will be displayed alternately in both countries. The painting depicts Mai (Omai), a young Tahitian man who visited Britain in 1774 with explorer James Cook, and had never before been held in a museum collection.

Shepard Fairey Projection Mirror: ICE Paid Agitator Screenprint Contemporary Art Obey Giant , 2026

Street artist Shepard Fairey has released a new limited-edition screenprint titled "Projection Mirror: ICE Paid Agitator" as part of his "FUCK ICE" series. The artwork features inflammatory rhetoric previously used by the Trump administration, redirected toward U.S. Immigration and Customs Enforcement (ICE) to highlight what the artist describes as the agency's pervasive brutality and dehumanizing attacks on immigrants. A portion of the proceeds from the sale of these prints will benefit the Coalition for Humane Immigrant Rights (CHIRLA).

adaa art fair

The Art Dealers Association of America (ADAA) has announced a new art fair, the ADAA Fair, set to take place at the Park Avenue Armory from November 12–16, 2026. This follows the cancellation of the 2025 edition of its long-running Art Show, prompted by the end of a partnership with the charity Henry Street Settlement, which had hosted the fair's VIP opening as a fundraiser. The ADAA plans to refocus on supporting visual arts and museums, with the ADAA Foundation continuing to provide grants to U.S. institutions.

Artworks That Give Back. Our Selection of 10 Artists at the Artis Arundo Spotlight.

The article highlights the Artis Arundo Spotlight, a chapter of the TOP CHARITY Art exhibition in Warsaw, featuring 10 contemporary artists including Helena Stiasny, Courage Hunke, Aleksandra Liput, and Zuzanna Szary. Their works are available in an online charity auction until June 8, 2025, with proceeds supporting artist grants, residencies, and project funding. The exhibition, held at the King John III Palace Museum in Wilanów, also includes a preview of the OmenaArt Foundation's African art collection, a Sculpture Garden with Opera Gallery, and a tribute to Amedeo Modigliani's Tête de Cariatide.

barbara hepworth sculpture uk national collection

The Hepworth Wakefield and Art Fund have successfully raised £3.8 million to acquire Barbara Hepworth’s sculpture *Sculpture with Colour (Oval Form) Pale Blue and Red* (1943). The wood and string artwork, previously in private hands and rarely seen publicly, was sold at Christie’s in London last March for £3.5 million. A temporary export bar imposed by the UK government gave the museum time to raise funds, with the deadline set for August 27. The funding came from over 2,800 donations and major grants, including £1.89 million from the National Lottery Heritage Fund and £750,000 from the Art Fund, along with private support.